|
Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
ISKRA SISTEMI, D.D. |
|
|
|
|
Registered Office : |
Stegne 21, 1000 Ljubljana |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
27.12.1974 |
|
|
|
|
Com. Reg. No.: |
10511800 |
|
|
|
|
Legal Form : |
Joined Stocked Company |
|
|
|
|
Line of Business : |
manufacture
of other electrical equipment, development, engineering
|
|
|
|
|
No. of Employees : |
1392 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
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) |
|
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
the 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, approaching 12% in 2012.
|
Source : CIA |
Iskra Sistemi, d.d.
Stegne 21,
1000 Ljubljana
Phone: 01 513 10 10
Telefax: 01 511 15 32
E-Mail : info@iskrasistemi.si
Web: www.iskrasistemi.si
Legal form Joined stocked Company
Established on 27/12/1974 -
22/06/1998 - Joined stocked Company
19/12/1990 - d.o.o. - Limited liability company (Ltd.)
last entry on 08.04.2013
on 21.6.2012 incorporation of the company ISKRA MIS, d.d.
on 7.10.2011 incorporation of the company ORIA, d.o.o.
on 12.8.2011 incorporation of the company ISKRA INVEST, d.d.
in year 2005 incorporation of the company ISKRA TRANSMISSION
d.d.
Registered on 22/06/1998, Ljubljana, Registration number: 10511800
Tax number: SI13278088
Company number: 5185726
Registered EUR 28.065.567,31
capital
On 21.06.2012 capital increase for EUR 17.019.900,42
On 12.08.2011 capital increase for EUR 3.296.600,41
On 27.05.2008 capital increase for EUR 2.512.099,74
On 05.06.2009 capital increase for EUR 768.756,18
Head ISKRA, d.d. (Statistical number: % 100
shareholders 5330424)
Kotnikova ulica 28, 1000 Ljubljana
(stand per 13.05.2013)
Board of Dušan Šešok
Directors Opekarniška ulica 43, 1235 Radomlje
chairman of the board
Jože Godec
Ulica Franca Nebca 5, 1000 Ljubljana
Board member
Peter Goltnik
Praprotnikova ulica 15, 3330 Mozirje
Board member
(stand per 15.05.2013)
Supervisory Dr. Dipl. Kfm. Andro Ocvirk
Board Novo polje, Cestza XV 31, 1260 Ljubljana-Polje
chairman of the supervisory board
Janez Peskar
Zaloška cesta 222e, 1000 Ljubljana
member of the supervisory board
Marjan Plut
Gotska ulica 5, 1000 Ljubljana
member of the supervisory board
(stand per 15.05.2013)
Other
activities
General data Company activity:
manufacture of other electrical equipment, development,
engineering
manufacture of electricity distribution and control
apparatus,
production of condensers and equipment,
production of electronic apparatus and equipment, import-
export
Headquarters and business production premises are located on
the address above
business premises are also in Ljubljanska cesta 24A, 4000
Kranj,
Otoèe 5A, 4244 Podnart, Vajdova ulica 71, 8333 Semiè, Glinek
5, 1291 Škofljica and Šentvid pri Stièni 108, 1296 Šentvid pri
Stièni
Main activity:
Manufacture of other electrical equipment
(NACE 2)
Export:
European Union
Bosnia-
Hercegovina
Iran
Montenegro
Macedonia
Bulgaria
Russia
Thailand
Albania
Import:
European Union
USA
China
Residence address:
Stegne 21, 1000 Ljubljana
Phone:
01 513 10 10
Telefax:
01 511 15 32
E-Mail:
Web:
Employees 2008 330 employees
2009 327 employees
2010 295 employees
2011 364 employees
2012 1370 employees
2013 1392 employees
Annual turnover 2007 Enterprise turnover EUR 33.408.519,-
2008 Enterprise turnover EUR 44.739.995,-
2009 Enterprise turnover EUR 46.065.819,-
2010 Enterprise turnover EUR 39.178.903,-
2011 Enterprise turnover EUR 48.592.479,-
2012 approx. EUR 100.659.813,-
Expected profit Iskra sistemi d.d. 2012 EUR 2.217.691,--
financial data for the company ISKRA MIS, d.d.
Annual turnover 2011 EUR 73.542.085,-
Net profit 2011 EUR 2.123.156 ,--
Property Company's property: Business premises
SI-4000 Kranj , Ljubljanska cesta 24A
Company's
property: Business premises
SI-4244 Podnart, Otoèe 5A
Company's property: Business premises
SI-1000 Ljubljana, Stegne 21
Company's
property: Business premises
SI-8333 Semiè, Vajdova ulica 71
Company's property: Business premises
SI-1291 Škofljica, Glinek 5
Company's
property: Business premises
SI-1296 Šentvid pri Stièni, Šentvid pri Stièni 108
Remarks to your inquiry:
the inquired company was on 21.06.2012 into the company Iskra
sistemi d.d. incorporated.
on the address Vajdova ulica 71, Semiè are business premises
of the company Iskra sistemi d.d. located.
Company name:
ISKRA SISTEMI Avtomatizacija procesov, d.d.
Participation in capital:
Iskra Sistemi-M DOOEL SKOPJE, Macedonia (100% share)
ISKRA d.o.o. Novi Sad , Serbia(100% share)
Cupola AEC, poslovne rešitve, d.o.o. (91,43%share)
Programm d.o.o., Serbia (100% share)
TELA L Laktoši, BIH (100% share)
ISKRA IP d.o.o. (100% share)
ISKRA TURIZEM d.o.o. (100% share)
(Stand per 25.3.2013)
Interests Dr. Dipl. Kfm. Andro Ocvirk:
CIMOS d.d. (Statistical number: Supervisory Board
5040302)
GEN d.o.o. (Statistical number: Supervisory Board
1646613)
TANIN SEVNICA d.d. (Statistical Supervisory Board
number: 5033675)
TANIN SEVNICA d.d. (Statistical Head shareholders 13,38%
number: 5033675)
Dušan Šešok:
Iskra MIS d.d. (Statistical Supervisory Board
number: 5045762)
ISKRA MIS, d.d. (Statistical Supervisory Board
number: 5045142)
ISKRA STIKALA, d.d., Kranj Supervisory Board
Iskra TELA d.d. (Statistical Supervisory Board
number: 5045738)
ISKRA TRANSMISSION d.d. Ljubljana Supervisory Board
(Statistical number: 5174929)
ISKRA, d.d. (Statistical number: Board of Directors
5330424)
Iskra Sistemi, d.d. (Statistical number: 5185726):
TEHNOLOŠKI PARK LJUBLJANA d.o.o. Owner
(Statistical number: 5911508)
ISKRA, d.d. (Statistical number: 5330424):
Cankarjev dom (Statistical number: Head shareholders
5099471)
Fotona d.d. (Statistical number: Head shareholders 10,4%
5045223)
ISKRA ANTENE d.o.o. Podjetje anten Owner
in elektronskih naprav
(Statistical number: 5045487)
ISKRA COMMERCE d.o.o. (Statistical Owner
number: 5539714)
ISKRA INSTRUMENTI, d.d. Head shareholders 91,58%
(Statistical number: 5045185)
Iskra MIS d.d. (Statistical Head shareholders 100%
number: 5045762)
ISKRA MIS, d.d. (Statistical Head shareholders 100%
number: 5045142)
ISKRA PRINS d.d. (Statistical Head shareholders 84,72%
number: 5091969)
ISKRA STIKALA, d.d., Kranj Head shareholders 87%
Iskra TELA d.d. (Statistical Head shareholders 99,66%
number: 5045738)
ISKRA TELA d.d., Ljubljana Head shareholders 92,13%
(Statistical number: 5639573)
VERSOR, RAZISKAVE, RAZVOJ, Owner
PROIZVODNJA, TRGOVINA, STORITVE,
GRADBENIŠTVO, D.O.O. (Statistical
number: 2290588)
Janez Peskar:
ISKRA, d.d. (Statistical number: Supervisory Board
5330424)
SNEZNIK d.d. Podjetje za Members
proizvodnjo in storitve
(Statistical number: 5699169)
Jože Godec:
Iskra MIS d.d. (Statistical Supervisory Board
number: 5045762)
ISKRA MIS, d.d. (Statistical Supervisory Board
number: 5045142)
Iskra TELA d.d. (Statistical Supervisory Board
number: 5045738)
ISKRA, d.d. (Statistical number: Board of Directors
5330424)
Bank relations
NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA:
Central address: SI Trg republike 2, 1520 Ljubljana
Account number: SI56 0292 3001 2553 977
ABANKA VIPA d.d.:
Central address: SI Slovenska cesta 58, 1517 Ljubljana
Account number: SI56 0510 0800 0022 205
GORENJSKA BANKA d.d.:
Central address: SI Bleiweisova cesta 1, 4000 Kranj
Account number: SI56 0700 0000 1053 122
PROBANKA d.d.:
Central address: SI Trg Leona Štuklja 12, 2000 Maribor
Account number: SI56 2510 0971 3085 167
HYPO ALPE-ADRIA-BANK d.d.:
Central address: SI Dunajska cesta 117, 1000 Ljubljana
Account number: SI56 3300 0000 2596 875
BANKA KOPER d.d.:
Central address: SI Pristaniška 14, 6502 Koper
Account number: SI56 101000049543812
FACTOR BANKA d.d.:
Central address: SI Tivolska cesta 48, 1000 Ljubljana
Account number: SI56 270000000081464
Account number: SI56 2700 0000 0022 294
Account number: SI56 2700 0000 0048 193
Account number: SI56 2700 0000 0130 740
Account number: SI56 2700 0000 0133 262
Account number: SI56 2700 0000 0139 761
NOVA KREDITNA BANKA MARIBOR d.d.:
Central address: SI Ulica Vita Kraigherja 4, 2505 Maribor
Account number: SI56 045150000955764
BANKA SPARKASSE d.d.:
Central address: SI Cesta v Kleèe 15, 1000 Ljubljana
Account number: SI56 340001014648397
BANKA CELJE d.d.:
Central address: SI Vodnikova 2, 3000 Celje
Account number: SI56 060000021753034
SBERBANK d.d.:
Central address: SI Dunajska cesta 128a, 1000 Ljubljana
Account number: SI56 300000001136682
Account number: SI56 300000101136698
FACTOR BANKA d.d.:
Central address: SI Tivolska cesta 48, 1000 Ljubljana
Account number: SI56 270000000397587
Company Constant
development
Terms of Mostly within agrees terms, but partly also
payment delayed
Business Business connection appear permissible
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 originated from official source, it is
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 A B C D
31.12.2011 31.12.2010
31.12.2009 31.12.2008
ASSETS (AKTIVA) 50.931.841 36.914.011
43.785.145 44.301.557
LONG-TERM
ASSETS 17.298.062 9.187.293
9.729.056 10.460.004
Intangible assets
and 3.015.611 1.706.313
2.070.410 2.383.002
long-term deferred
costs
and accrued
revenues
Intangible
assets 2.995.674 1.706.313
2.070.410 2.383.002
Long-term deferred
costs 19.937 0 0 0
and accrued
revenues
Tangible fixed
assets 11.638.631 7.165.082
7.476.946 7.899.314
Long-term
financial 2.490.887 216.716
181.700 177.688
investments and
Real
estate
investments
Investment
property 1.218.275 0 0
0
Long-term
financial 1.272.612 216.716
181.700 177.688
investments
Long-term
operating 5.361 0 0 0
receivables
Deferred receivables
for 147.572 99.182 0 0
taxes
>SHORT-TERM
ASSETS >32.539.114
>25.216.772 >29.565.800 >32.267.484
Assets (group
for 132.122 0 0 0
estrange) for
sell
Inventories 8.480.591 5.206.301
6.660.892 8.297.276
Short-term
financial 4.299.553 259.202
937.231 1.167.079
investments
Short-term
operating 16.606.244 14.326.454
18.622.895 19.377.429
receivables
Cash assets 3.020.604 5.424.815
3.344.782 3.425.700
>Short-term
deferred >1.094.665 >2.509.946
>4.490.289 >1.574.069
costs and accrued
revenues
Off-balance sheet
items 19.685.803 15.068.022
10.394.511 10.297.266
>LIABILITIES >50.931.841 >36.914.011
>43.785.145 >44.301.557
>CAPITAL >16.469.688
>11.713.002 >12.736.008 >11.489.124
Called-up
capital 11.045.667 7.749.067
7.749.067 6.980.310
Basic (subscribed)
capital 11.045.667 7.749.067
7.749.067 6.980.310
Non called-up
capital 0 0 0 0
(deductive
item)
Capital reserves 2.525.970 1.265.415
1.265.415 1.265.415
Reserves from
profit 234.623 195.865
161.042 99.071
Surplus from
revaluation 1.919.239 1.900.457
2.375.571 2.375.571
Retained net 7.785 0 7.458 3.872
Net business result
for 736.404 602.198
1.177.455 764.885
the business
year
>PROVISIONS AND
LONG-TERM >1.417.018 >1.246.605
>1.160.851 >965.168
ACCRUED COSTS
AND
DEFERRED
REVENUES
>FINANCIAL AND
BUSINESS >30.804.162 >17.314.609
>22.787.969 >28.121.451
LIABILITIES
LONG-TERM
LIABILITIES 7.353.558 2.478.732
2.443.027 2.047.393
Long-term
liabilities 2.047.393
Long-term
financial 6.671.914 1.939.903
2.396.742 1.984.314
liabilities
Long-term
operating 206.530 63.715 46.285 63.079
liabilities
Deferred liabilities
for 475.114 475.114 0 0
taxes
>SHORT-TERM
LIABILITIES >23.450.604 >14.835.877
>20.344.942 >26.074.058
Liabilities,
included in 0 0 0 0
groups for
estrange
Short-term
financial 12.535.961 7.749.718
10.036.718 10.785.598
liabilities
Short-term
operating 10.914.643 7.086.159
10.308.224 15.288.460
liabilities
SHORT-TERM ACCRUED
COSTS 2.240.973 6.639.795
7.100.317 3.725.814
AND DEFERRED
REVENUES
Off-balance sheet
items 19.685.803 15.068.022
10.394.511 10.297.266
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 originated from official
source, it is 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
>CAPITAL >12.736.008
>Net sales >46.737.532 >39.447.208
>46.288.980 >43.842.878
>Changes in the
value of >-56.964 >-532.145 >-615.913 >172.977
inventories of
products
and
work-in-process
>Capitalised own
products >383.475 >0 >0 >0
and own
services
>Other operating
revenues >736.061 >27.817 >446 >152.331
(with
subventions,
grants,...)
>GROSS OPERATING
YIELD >47.800.104 >38.942.880
>45.673.513
>Cost of goods,
material >32.519.540 >25.871.298
>31.932.857 >31.876.494
and services
Purchase value of
goods 15.473.304 11.591.868
13.872.748 12.027.520
and materials sold
and
cost of material and
cost
of material
used
Cost of
services 17.046.236 14.279.430
18.060.109 19.848.974
>Labour cost >11.184.070 >9.765.312 >10.004.303 >9.473.125
thereof wages
7.043.533
Cost of wages 8.189.648
7.196.035 7.434.301 7.043.533
Cost of pension
insurance 820.662 758.705
771.693 1.296.408
Cost of other
social 658.701 564.352
560.328 112.775
insurance
Other labour
cost 1.515.059 1.246.220
1.237.981 1.020.409
>Write-offs >2.377.659 >1.576.810
>1.650.555 >1.245.570
Depreciation 1.509.480 940.782
940.549 981.814
Revaluation
operating 8.765 383 742 411
expenses for
non-tangible
assets and tangible
fixed
assets
Revaluation
operating 859.414 635.645
709.264 263.345
expenses for
current
assets
Other operating
expenses 534.194 620.972
365.815 401.246
OPERATING
REVENUES 47.857.068 39.475.025
46.289.426 44.168.186
>OPERATING
EXPENSES >46.615.463
>37.834.392 >43.953.530 >42.996.435
>OPERATING RESULT >1.241.605 >1.640.633
>2.335.896
>EBIT >1.184.641 >1.108.488
>1.719.983 >1.171.751
Financial income
from 16.710 15.131 8.279
174.113
investments in
other
enterprises
Financial income
from 173.001 37.648 63.392 75.356
loans
Financial income
from 364.875 147.230
139.837 293.599
operating
receivables
Financial expenses
from 0 0 0 0
depreciation and
write-
offs of
financial
investments
Financial expenses
from 953.289 605.747 691.767
706.644
financial
liabilities
Financial expenses
from 151.586 203.540
178.916 229.897
operating
liabilities
Financial
income 554.586 200.009
211.508 543.068
Financial
expenses 1.104.875 809.287
870.683 936.541
Other revenues 237.789 36.014
180.798 28.741
Other expenses 96.979
513 2.180 1.877
Total revenues 48.592.479 39.178.903
46.065.819 44.739.995
>Total costs >47.817.317 >38.644.192
>44.826.393 >43.934.853
Total business
result 775.162 534.711
1.239.426 805.142
>Tax on
profit >0 >0 >0 >0
Deferred taxes 0 -99.182 0 0
Net business result
for 775.162 633.893
1.239.426 805.142
the accounting
period
Ratios
2008 2009
2010 2011
Equity ratio 0,16 0,18
0,21 0,22
Cleared equity ratio 0,11
0,13 0,17 0,19
Current liquidity 1,24 1,45
1,7 1,39
Quick liquidity 0,92 1,13
1,35 1,03
Working capital 6193426 9220858 10380895 9088510
Gearing 6,35 5,65
4,76 4,61
Cleared gearing 2,77 2,31
1,66 2,1
Profitability 1,8 2,69
1,36 1,6
Operating profitability 1,8
2,69 1,62 1,6
Stock days 67,69 52,78
48,5 63,7
Debtor days 158 148
133 125
Supplier days 125 81,68
66,02 81,98
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.77 |
|
UK Pound |
1 |
Rs.83.31 |
|
Euro |
1 |
Rs.70.46 |
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.