MIRA INFORM REPORT

 

 

Report Date :

27.05.2013

 

IDENTIFICATION DETAILS

 

Correct Name :

TEA KIRJASTUS AKTSIASELTS

 

 

Registered Office :

Liivalaia 28, Tallinn, Harju county, 10118

 

 

Country :

Estonia

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishments:

1988

 

 

Com. Reg. No.:

10403710

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Book Publishing

 

 

No. of Employees :

85

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate  

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Clear 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Estonia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

estonia ECONOMIC OVERVIEW

 

Estonia, a member of the European Union and the eurozone since 2004, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region. Estonia's successive governments have pursued a free market, pro-business economic agenda and have wavered little in their commitment to pro-market reforms. The current government has followed sound fiscal policies that have resulted in balanced budgets and low public debt. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with Finland, Sweden, Russia, and Germany. Tallinn's priority has been to sustain high growth rates - on average 8% per year from 2003 to 2007. Estonia's economy fell into recession in mid-2008 with GDP contracting 14.3% in 2009, as a result of an investment and consumption slump following the bursting of the real estate market bubble and a decrease in export demand as result of economic slowdown in the rest of Europe. Estonia rebounded nearly 8% in 2011 and the Estonian economy now has one of the higher GDP growth rates in Europe. Estonia adopted the euro on 1 January 2011.

 

Source : CIA

Identification

 

Full Name

:

TEA Kirjastus Aktsiaselts

Name in English

:

TEA Publishers PLC

Name in national language

:

TEA Kirjastus AS

 

Trading Names, Brands

:

TEA, ILO

 

Office Address

:

Paavli 1 / Kopli 33, Tallinn, Harju county, 10412, Estonia

 

 

 

 

Legal Address

:

Liivalaia 28, Tallinn, Harju county, 10118, Estonia

 

 

 

 

Contacts

:

-

Phone

:

(+372) 6161022; 6161002

-

Fax

:

(+372) 6161008

-

E-mail

:

info@tea.ee

-

WWW

:

www.tea.ee

 

 

 

 

 

 

 

sUMMARY


Legal Form : AS (Public limited company by Estonian Commercial Law)

Incorporation : 1988

Staff : 85

Litigation events : n/a
Remarks on payments : yes

 

Sales :

3 579 739.00 EUR ( for 12 months, ended 31.12.2011 )

 

3 566 914.00 EUR ( for 12 months, ended 31.12.2010 )

 

 

 

Incorporation

:

1988

 

Important Notes

 

 

- 29.12.2009

:

Merger

 

 

Official notes: Merged company: AS KIRJASTUS ILO (Estonia, 10570322). Merged company was deleted from the State Register. Legal successor: TEA Kirjastus AS (Estonia, 10403710).

 

Registration Data

 

 

Date of registration

:

09.03.1998

Registration number

:

10403710

Registr. authority

:

Registration department of the County Court (Harju county, Estonia)

 

Date of registration

:

01.01.1994

VAT number

:

EE100175136

Registr. authority

:

Estonian Tax and Customs Board (Harju county, Estonia)

 

 

VAT payers are persons (including legal persons), whose taxable supply from the beginning of a calendar year exceeds 16 000 EUR. VAT rate is 20 percent.

 

Legal Form

:

AS (Public limited company by Estonian Commercial Law)

since 09.03.1998

 

 

 

 

 

 

Public Limited company (PLC) is a company with a share capital divided into shares. The company is liable for its obligations with all its assets. The minimum sharecapital must be at least 400,000.00 EEK (25,564.00 EUR).

 

Share Capital

:

800 000 EEK (registered)

since 05.01.2001

 

 

 

 

Shareholders

:

-

Mrs Tomingas, Silva (Estonia)

100.00 %

 

 

share's book value

:

800 000 EEK

 

 

 

reg. number

:

45211200313

 

 

 

address

:

Saku parish, Harju county, Estonia

 

 

Simple ownership Currently related in Estonia to the following companies: 1 Osaühing Neotrend (10141931) (Deleted (28.07.2006)) 2 Aktsiaselts TEA Kirjastus (10403710) (Active) 3 Aktsiaselts TEA Keeleơpetus (10305717) (Active) 4 sihtasutus Tallinna Lastehaigla Toetusfond (90000647) (Active) 5 Sihtasutus Junior Achievement Eesti (90000587) (Active) 6 Osaühing Keelevara (11026787) (Active) Was related in Estonia to the following companies: 1 AS KIRJASTUS ILO (10570322) (Deleted (29.12.2009)) 2 Mittetulundusühing Eesti Naisettevơtjate Liit (80172717) (Deleted (18.07.2012)) 3 Eesti Naiste Koostöökett (80192157) (Active)

 

( the data as of 27.12.2012 )

 

 

 

 

 

 

 

 

 

 

The information system of the Commercial Register presents data about the shareholders of public limited companies holding more than 10% of the votes determined by shares. The data about shareholders in the information system of the Commercial Register has an informative meaning. The data of the Estonian Central Register of Securities has legal power on the basis of the Estonian Central Register of Securities Act. Due to the transition to the new software of commercial register information system, details of shareholders as at 27.12.2012.y. Data updating in the system will recover as soon as possible.

 

Board / Executives

 

 

 

Board

 

 

Member of the Supervisory Board

:

Mrs Purdelo-Tomingas, Piret (Estonia)

 

pers. code: 47407060346

 

address: Tallinn, Harju county, Estonia

 

 

Member of the Supervisory Board

:

Mr Tomingas, Ahti (Estonia)

 

pers. code: 37210060287

 

address: Tallinn, Harju county, Estonia

 

 

Member of the Supervisory Board

:

Mr Tomingas, Lauri (Estonia)

 

pers. code: 38005260365

 

address: Tallinn, Harju county, Estonia

 

 

 

Executives

 

 

Member of the board

:

Mrs Tomingas, Silva (Estonia)

 

pers. code: 45211200313

 

address: Saku parish, Harju county, Estonia

 

 

The member of the management board: Until 01.01.2013* * The dates of duration of authorisation in e-Business Register have no legal effect. If the data does not indicate the duration of authorisation, the member of the management board might be elected for an unspecified term (subsection 184(2) of the Commercial Code).

 

 

 

Every member of the Management Board may represent the public limited company in concluding all transactions.

 

Authorised signature

:

Mrs Tomingas, Silva

 

Changes in Registration Data

 

 

- 04.09.2012

:

managers, authorised signature

Mr Kalev Tomingas (Estonia, 35211080269)

 

- 30.06.2010

:

activities

Principal activity: Book publishing NACE code: 58.11

 

Activities

:

-

2731

Publish/print books

 

 

(NACE 2211: Publishing of books)

 

 

 

 

 

 

Principal activity: Book publishing NACE code: 58.11

 

Staff employed

:

85

 

 

 

Staff History

:

-

98

 

( the data as of 31.12.2011 )

 

-

104

 

 

( the data as of 31.12.2010 )

 

-

63

 

 

( the data as of 31.12.2008 )

 

-

55

 

 

( the data as of 31.12.2007 )

 

-

47

 

 

( the data as of 31.12.2006 )

 

 

 

 

Export

 

 

- 31.12.2012

:

Fiscal period: 12 month(s), currency: EUR

50 000.00

[E]

 

 

 

 

 

European Union, United States of America, Asia

 

Import

:

Latvia, India, European Union

 

Facilities

 

 

Real estate

:

own:

-

Premises - Office

 

size/amnt

:

303.00 sq.m

 

address

:

Tallinn, Harju county, Estonia

 

rent:

-

Warehouse

 

size/amnt

:

446.00 sq.m

 

address

:

Kalmistu tee 26A, Tallinn, Harju county, Estonia

 

-

Premises - Office

 

size/amnt

:

802.00 sq.m

 

address

:

Tallinn, Harju county, Estonia

 

 

 

 

 

 

 

According to Estonian Land Register, company required has 1 real estate object: - Harjumaa, Tallinna linn, Kesklinna linnaosa, Liivalaia tn 28 - 13-33 (Residential Land 85%, Business Centre 15%; 2676 m2)

 

Other Property

:

own:

-

Other tools & equipment - Car

 

quantity

:

6.00 unit(s)

 

-

Other tools & equipment - Transport vehicle

 

quantity

:

1.00 unit(s)

 

-

Other tools & equipment - Loading machine

 

quantity

:

1.00 unit(s)

 

leasing:

-

Other tools & equipment - Car

 

quantity

:

8.00 unit(s)

 

-

Other tools & equipment - Transport vehicle

 

quantity

:

1.00 unit(s)

 

 

 

 

 

Branches

:

-

Shop (Tallinn, Harju county, Estonia)

 

address

:

A. H. Tammsaare tee 47, Tallinn, Harju county, Estonia

 

-

Shop (Rakvere, Laane-Viru county, Estonia)

 

address

:

Laada tn 16, Turu Department store 2 floor, Rakvere, Laane-Viru county, Estonia

 

-

Shop (Tallinn, Harju county, Estonia)

 

address

:

Parnu mnt.142, Tondi Business Centre 1 floor, Tallinn, Harju county, 11317, Estonia

 

-

Shop (Tallinn, Harju county, Estonia)

 

address

:

Liivalaia tn 28, Tallinn, Harju county, Estonia

 

-

Shop (Tallinn, Harju county, Estonia)

 

address

:

Paavli 1 / Kopli 33, 2 floor, Tallinn, Harju county, 10412, Estonia

 

-

Warehouse (Tallinn, Harju county, Estonia)

 

address

:

Liivalaia tn 28, Tallinn, Harju county, Estonia

 

 

 

 

 

Subsidiaries and Participation

:

-

Keelevara (Estonia)

26.00 %

 

 

share's book value

:

665 EUR

 

 

 

reg. number

:

11026787

 

 

 

address

:

Roosikrantsi 6, Tallinn, Harju county, 10119, Estonia

 

 

( the data as of 31.12.2011 )

 

 

 

 

 

 

 

 

 

Bankers

:

-

Nordea Bank Finland PLC (Finland)

 

address

:

Aleksanterinkatu 36, Nordea, 00020, Finland

 

reg. number

:

1680235-8

 

-

Nordea Bank Finland PLC Eesti Filiaal (Estonia)

 

address

:

Hobujaama 4, Tallinn, Harju county, 15068, Estonia

 

reg. number

:

10221469

 

bank code

:

820

 

account(s)

:

17001796607

 

-

SEB Pank (Estonia)

 

address

:

Tornimae 2, Tallinn, Harju county, 15010, Estonia

 

reg. number

:

10004252

 

bank code

:

401

 

account(s)

:

10220012437017

 

-

Swedbank (Estonia)

 

address

:

Liivalaia 8, Tallinn, Harju county, 15040, Estonia

 

reg. number

:

10060701

 

bank code

:

767

 

account(s)

:

221001119410

 

 

 

 

 

Clients

:

-

Apollo Raamatud (Estonia)

 

address

:

Peterburi road 64a, Tallinn, Harju county, 11415, Estonia

 

reg. number

:

10470913

 

-

Koduekstra (Estonia)

 

address

:

Parnu road 356, Tallinn, Harju county, 11612, Estonia

 

reg. number

:

10328204

 

-

OG Elektra (Estonia)

 

address

:

Vilde 6a, Rakvere, Laane-Viru county, 44310, Estonia

 

reg. number

:

10054238

 

-

Rahva Raamat (Estonia)

 

address

:

Peterburi road 92E, Tallinn, Harju county, 11415, Estonia

 

reg. number

:

10421903

 

-

Tallinna Raamatutrukikoja (Estonia)

 

address

:

Laki 26, Tallinn, Harju county, 12915, Estonia

 

reg. number

:

10224203

 

 

 

 

 

Suppliers

:

-

Ajanta Offset & Packagings Limited (India)

 

-

Berlitz

 

-

GREIF

 

-

Gyldendal

 

-

K-Dictionaries

 

-

K-Print (Estonia)

 

address

:

Kopli 25, Tallinn, Harju county, 10412, Estonia

 

reg. number

:

10459544

 

-

Larousse

 

-

Mark (Estonia)

 

address

:

Niine 11, Tallinn, Harju county, 10414, Estonia

 

reg. number

:

10111077

 

-

Nathan

 

-

Preses nams Baltic (Latvia)

 

address

:

Jansili-503, Silakrogs, Rigas region, Ropazu novads, LV 2133, Latvia

 

reg. number

:

40103219845

 

-

Tallinna Raamatutrukikoja (Estonia)

 

address

:

Laki 26, Tallinn, Harju county, 12915, Estonia

 

reg. number

:

10224203

 

-

Weldon Owen

 

 

 

 

 

Other associated Companies

:

-

Tea Keeleopetus (Estonia)

 

address

:

Liivalaia 28, Tallinn, Harju county, 10118, Estonia

 

reg. number

:

10305717

 

 

 

 

 

Litigation

:

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating. According to official sources, the company has participated in 27 court hearings. There are no details available on 26 court hearings. All 26 court hearings are written below, however we do not know the role of the company in these actions: (#1) Status: Incoming documents Doc. Nr. : 2-9-1J/18307-09 Doc. date: 2009-03-24 Doc. Insert/Sending date: 2009-03-30 Reciever/Sender: TEA Kirjastus AS Reciever/Sender address: Tallinn Description: Invoice Case Nr./Name: 495,00 (#2) Status: Incoming documents Doc. Nr. : /9371-10 Doc. date: 2010-02-25 Doc. Insert/Sending date: 2010-02-25 Reciever/Sender: Tea Kirjastus AS Description: Invoice Case Nr./Name: nr. 69304 (#3) Status: Outgoing documents Doc. Nr. : 1-10-12021/8704-10 Doc. date: 2010-10-29 Doc. Insert/Sending date: 2010-10-29 Reciever/Sender: AS TEA Kirjastus Description: Warrant to appear (#4) Status: Outgoing documents Doc. Nr. : 1-10-12021/693-11 Doc. date: 2011-01-21 Doc. Insert/Sending date: 2011-01-21 Reciever/Sender: AS TEA Kirjastus Description: Court decision (#5) Status: Outgoing documents Doc. Nr. : /226-12 Doc. date: 2012-01-04 Doc. Insert/Sending date: 2012-01-04 Reciever/Sender: AS TEA Kirjastus (#6) Status: Outgoing documents Doc. Nr. : /3486-12 Doc. date: 2012-01-30 Doc. Insert/Sending date: 2012-01-30 Reciever/Sender: AS TEA Kirjastus (#7) Status: Outgoing documents Doc. Nr. : /21593-12 Doc. date: - Doc. Insert/Sending date: 2012-03-08 Reciever/Sender: AKTSIASELTS TEA KIRJASTUS Description: Regulation (#8) Status: Incoming documents Doc. Nr. : /25468-12 Doc. date: - Doc. Insert/Sending date: 2012-03-21 Reciever/Sender: AS TEA KIRJASTUS Description: Objection Case Nr./Name: 2-12-6404 (#9) Status: Outgoing documents Doc. Nr. : /30173-12 Doc. date: - Doc. Insert/Sending date: 2012-04-05 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation (#10) Status: Outgoing documents Doc. Nr. : /30664-12 Doc. date: - Doc. Insert/Sending date: 2012-04-09 Reciever/Sender: AKTSIASELTS TEA KIRJASTUS Description: Regulation (#11) Status: Incoming documents Doc. Nr. : /36416-12 Doc. date: - Doc. Insert/Sending date: 2012-04-25 Reciever/Sender: AS TEA KIRJASTUS Description: Objection Case Nr./Name: 2-12-12903 (#12) Status: Outgoing documents Doc. Nr. : /53136-12 Doc. date: - Doc. Insert/Sending date: 2012-06-29 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation (#13) Status: Outgoing documents Doc. Nr. : /63988-12 Doc. date: - Doc. Insert/Sending date: 2012-08-22 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation (#14) Status: Outgoing documents Doc. Nr. : /64319-12 Doc. date: - Doc. Insert/Sending date: 2012-08-24 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation (#15) Status: Outgoing documents Doc. Nr. : /66511-12 Doc. date: - Doc. Insert/Sending date: 2012-09-03 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation (#16) Status: Incoming documents Doc. Nr. : /70511-12 Doc. date: - Doc. Insert/Sending date: 2012-09-20 Reciever/Sender: AS TEA KIRJASTUS Description: Objection (#17) Status: Incoming documents Doc. Nr. : /70512-12 Doc. date: - Doc. Insert/Sending date: 2012-09-20 Reciever/Sender: AS TEA KIRJASTUS Description: Objection (#18) Status: Outgoing documents Doc. Nr. : /70902-12 Doc. date: - Doc. Insert/Sending date: 2012-09-21 Reciever/Sender: AS TEA KIRJASTUS Description: Letter (#19) Status: Outgoing documents Doc. Nr. : /76249-12 Doc. date: - Doc. Insert/Sending date: 2012-10-10 Reciever/Sender: AKTSIASELTS TEA KIRJASTUS Description: Regulation (#20) Status: Outgoing documents Doc. Nr. : /81734-12 Doc. date: - Doc. Insert/Sending date: 2012-10-30 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation (#21) Status: Outgoing documents Doc. Nr. : /43270-12 Doc. date: 2012-12-05 Doc. Insert/Sending date: 2012-12-05 Reciever/Sender: AS TEA Kirjastus (#22) Status: Outgoing documents Doc. Nr. : /94436-12 Doc. date: - Doc. Insert/Sending date: 2012-12-11 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation (#23) Status: Outgoing documents Doc. Nr. : /85592-12 Doc. date: 2012-12-19 Doc. Insert/Sending date: 2012-12-20 Reciever/Sender: as tea kirjastus Case Nr./Name: /228 (#24) Status: Outgoing documents Doc. Nr. : /2570-13 Doc. date: - Doc. Insert/Sending date: 2013-01-07 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation (#25) Status: Outgoing documents Doc. Nr. : /3212-13 Doc. date: - Doc. Insert/Sending date: 2013-01-09 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation (#26) Status: Outgoing documents Doc. Nr. : /9018-13 Doc. date: - Doc. Insert/Sending date: 2013-02-04 Reciever/Sender: AS TEA KIRJASTUS Description: Regulation

 

Remarks on payment

 

 

- 16.05.2013

:

Tax arrears (confirmed)

120 390.00 EUR

 

penalty

:

 

7 861.00 EUR

 

 

 

 

 

91 849 EUR of the debt is paid according to the payment schedule.

 

- 16.02.2012

:

Debt collection (confirmed)

2 910.30 EUR

 

payment status

:

complete

 

 

 

 

 

 

 

( the data as of 16.02.2012, cancelled since 17.05.2012 )

 

- 28.06.2011

:

Local databases (confirmed)

640.00 EUR [E]

 

payment status

:

complete

 

 

 

 

 

Creditor: SCHENKER AS

 

 

( the data as of 28.06.2011, cancelled since 14.09.2011 )

 

- 23.06.2010

:

Local databases (confirmed)

69 830.00 EUR [E]

 

payment status

:

complete

 

 

 

 

 

Sector: leasing

 

 

( the data as of 23.06.2010, cancelled since 25.10.2012 )

 

- 13.09.2005

:

Local databases (confirmed)

65.00 EUR [E]

 

payment status

:

complete

 

 

 

 

 

Creditor: JULIANUS INKASSO OÜ returned

 

 

( the data as of 13.09.2005, cancelled since 24.10.2006 )

 

 

 

(*) the tax debt is repaid in installments History of debts to Estonian government: 01.05.2013 (*) / 99 849 EUR 01.04.2013 (*) / 107 849 EUR 01.03.2013 (*) / 121 641 EUR 01.02.2013 (*) / 129 441 EUR 01.01.2013 (*) / 136 641 EUR 01.12.2012 (*) / 138 641 EUR 01.11.2012 (*) / 140 641 EUR 01.10.2012 (*) / 142 713 EUR 01.09.2012 / 135 062 EUR 01.08.2012 / 93 168 EUR 01.07.2012 / 51 745 EUR 01.06.2012 / 30 063 EUR 01.05.2012 / 2 982 EUR 01.04.2012 / 6 066 EUR 01.03.2012 / 26 953 EUR 01.01.2012 / 37 437 EUR 01.12.2011 (*) / 14 518 EUR 01.11.2011 (*) / 14 452 EUR 01.10.2011 (*) / 15 627 EUR 01.09.2011 (*) / 20 984 EUR 01.08.2011 (*) / 26 045 EUR 01.07.2011 (*) / 31 254 EUR 01.06.2011 / 79 891 EUR 01.05.2011 / 76 280 EUR 01.04.2011 / 50 769 EUR 01.03.2011 / 69 082 EUR 01.02.2011 (*) / 49 920 EUR 01.01.2011 (*) / 60 587 EUR Debts to Estonian government: Yes. See information above. Other debts: Yes. 3 debts registered, 3 are paid off. IGK databases: Yes. 1 debt registered, it's paid off.

 

Business mortgages

 

 

- 28.09.2012

:

Commercial pledge

185 000 EUR

 

pledgee

:

Republic of Estonia

 

 

 

 

 

 

- 21.03.2012

:

Commercial pledge

250 000 EUR

 

pledgee

:

Greif (Estonia)
reg. number: 10084831
address: Vallikraavi 4, Tartu, Tartu county, 51003, Estonia

 

 

 

 

 

 

- 29.12.2009

:

Commercial pledge

4 000 000 EEK

 

pledgee

:

Nordea Bank Finland PLC (Finland)
reg. number: 1680235-8
address: Aleksanterinkatu 36, Nordea, 00020, Finland

 

 

 

 

 

 

- 22.12.2009

:

Commercial pledge

4 200 000 EEK

 

pledgee

:

Nordea Bank Finland PLC (Finland)
reg. number: 1680235-8
address: Aleksanterinkatu 36, Nordea, 00020, Finland

 

 

 

 

 

 

- 06.11.2008

:

Commercial pledge

5 000 000 EEK

 

pledgee

:

Nordea Bank Finland PLC (Finland)
reg. number: 1680235-8
address: Aleksanterinkatu 36, Nordea, 00020, Finland

 

 

 

 

 

 

- 14.07.1998

:

Commercial pledge

1 100 000 EEK

 

pledgee

:

Nordea Bank Finland PLC (Finland)
reg. number: 1680235-8
address: Aleksanterinkatu 36, Nordea, 00020, Finland

 

 

 

 

 

 

 

Financial Elements 

           

 

 

Period, months

12

 

12

 

 

Ended

31.12.2011

 

31.12.2010

 

 

Currency

EUR

 

EUR

 

 

 

===== BALANCE SHEET ====================

 

 

 

 

 

 

 

 

 

 

 

  --- A S S E T S --------------------

 

 

 

 

 

 

 

 

 

 

 

NON-CURRENT ASSETS

 

 

 

 

 

- Intangible assets

722 537.00

 

0.00

 

 

- Fixed assets

64 728.00

 

112 178.00

 

 

- Investments in tangible assets

461 082.00

 

461 082.00

 

 

- Financial assets

445.00

 

1 890.00

 

 

- Other non-current assets

 

 

 

 

 

Non-current assets total

1 248 792.00

 

575 150.00

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

- Stock

2 063 233.00

 

2 488 535.00

 

 

- Debtors

148 306.00

 

388 939.00

 

 

- Other receivables

 

 

 

 

 

- Short-term financial investments

 

 

 

 

 

- Cash

1 420.00

 

14 305.00

 

 

- Other current assets

 

 

 

 

 

Current assets total

2 212 959.00

 

2 891 779.00

 

 

 

 

 

 

 

 

Assets total

3 461 751.00

 

3 466 929.00

 

 

 

 

 

 

 

 

  --- EQUITY AND LIABILITIES ---------

 

 

 

 

 

 

 

 

 

 

 

CAPITAL AND RESERVES

 

 

 

 

 

- Share capital

51 129.00

 

51 129.00

 

 

- Additional capital

 

 

 

 

 

- Other capital

 

 

 

 

 

- Reserve capital

5 113.00

 

5 113.00

 

 

- Retained earnings (Non-covered loss)

609 746.00

 

530 679.00

 

 

Capital and reserves total

665 988.00

 

586 921.00

 

 

 

 

 

 

 

 

Provisions

 

 

 

 

 

 

 

 

 

 

 

LONG-TERM LIABILITIES

 

 

 

 

 

- Loans and credits

738 523.00

 

834 718.00

 

 

  - long-term amounts owed to banks

 

 

 

 

 

- Other long-term liabilities

 

 

 

 

 

Long-term liabilities total

738 523.00

 

834 718.00

 

 

 

 

 

 

 

 

SHORT-TERM LIABILITIES

 

 

 

 

 

- Loans and credits

210 012.00

 

167 564.00

 

 

  - short-term amounts owed to banks

 

 

 

 

 

- Creditors

1 847 228.00

 

1 877 726.00

 

 

  - trade debts

 

 

 

 

 

  - accrued payroll

 

 

 

 

 

  - tax liabilities

 

 

 

 

 

  - other creditors

 

 

 

 

 

  - advances received

 

 

 

 

 

- Dividends in arrears

 

 

 

 

 

- Accrued income, deferred charges

 

 

 

 

 

- Other short-term liabilities

 

 

 

 

 

Short-term liabilities total

2 057 240.00

 

2 045 290.00

 

 

 

 

 

 

 

 

Liabilities total

2 795 763.00

 

2 880 008.00

 

 

Equity and liabilities total

3 461 751.00

 

3 466 929.00

 

 

 

 

 

 

 

 

===== PROFIT AND LOSS ACCOUNT ==========

 

 

 

 

 

 

 

 

 

 

 

ORDINARY ACTIVITY INCOME AND CHARGES

 

 

 

 

 

Net sales

3 579 739.00

 

3 566 914.00

 

 

Cost of goods sold

-1 344 612.00

 

-780 662.00

 

 

Gross profit

 

 

 

 

 

Distribution costs

-948 450.00

 

-1 454 955.00

 

 

Administrative and management costs

 

 

 

 

 

Profit on sales

 

 

 

 

 

 

 

 

 

 

 

OPERATING INCOME AND CHARGES

 

 

 

 

 

Interest receivable

 

 

 

 

 

Interest payable

 

 

 

 

 

Income from participating interests

 

 

 

 

 

Other operating income

4 762.00

 

33 628.00

 

 

Other operating charges

-1 172 792.00

 

-1 302 823.00

 

 

Operating profit

 

 

 

 

 

 

 

 

 

 

 

INVESTMENT INCOME AND CHARGES

 

 

 

 

 

Investment income less charges

-39 580.00

 

-29 476.00

 

 

 

 

 

 

 

 

Profit before taxation

79 067.00

 

32 626.00

 

 

Income-tax and other similar payments

0.00

 

-510.00

 

 

Profit (loss) from ordinary activity

 

 

 

 

 

Extraordinary income less charges

 

 

 

 

 

Net profit

79 067.00

 

32 116.00

 

 

 

 

 

 

 

 

 

- - - - - - - KEY RATIOS - - - - - - -

 

 

 

 

 

Return on sales, %

2.21

 

0.91

 

 

  Profit before taxation / Net sales

 

 

 

 

 

Operating margin of profit, %

 

 

 

 

 

  Operating profit / Net sales

 

 

 

 

 

Return on investment, %

11.87

 

5.56

 

 

  Profit before taxation / Equity

 

 

 

 

 

Current assets turnover

1.62

 

1.23

 

 

  Net sales / Current assets

 

 

 

 

 

Working capital

155 719.00

 

846 489.00

 

 

  Current assets - Short-term liabilities

 

 

 

 

 

Leverage

0.19

 

0.17

 

 

  Equity / Total assets

 

 

 

 

 

Current ratio

1.08

 

1.41

 

 

  Current assets / Short-term liabilities

 

 

 

 

 

Quick ratio

0.07

 

0.20

 

 

  (Current assets - Stock) / Short-term liabilities

 

 

 

 

 

Debt-to-equity ratio

4.20

 

4.91

 

 

  Total liabilities / Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

Publications

:

No important publications in mass-media regarding company required.

 

FINAL COMMENTS

 

 

 

The information given in this report was received from all accessible sources. We called by the tel. number: +372 6161002, on 16.05.2013 We sent our questionnaire form to the company by an email: info@tea.ee If further information is received, we will update the report.

 

 

 

Registration History

 

 

- date n/a

:

Other Code

:

01035681

Registr. authority

:

Entrepreneur register (Estonia)

 

 

 

 

Capital History

 

 

- 26.07.1999

:

400 000 EEK (registered)

 

 

( the data as of 26.07.1999, cancelled since 05.01.2001 )

 

- 17.09.1998

:

300 000 EEK (registered)

 

 

( the data as of 17.09.1998, cancelled since 26.07.1999 )

 

- 09.03.1998

:

140 000 EEK (registered)

 

 

( the data as of 09.03.1998, cancelled since 17.09.1998 )

 

APPENDIX A

 

 

 

Financial Statements

 

 

 

 

Period, months

12

 

12

 

 

Ended

31.12.2011

 

31.12.2010

 

 

Currency

EUR

 

EUR

 

 

 

BALANCE SHEET

 

 

 

 

 

 

 

 

 

 

 

A S S E T S

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

1.     CASH IN BANK AND IN HAND

1 420.00

 

14 305.00

 

 

2. SHORT-TERM FINANCIAL INVESTMENTS

 

 

 

 

 

3. RECEIVABLES AND PREPAYMENTS

 

 

 

 

 

3.1 Customer receivables

 

 

 

 

 

3.2. Prepaid and deferred taxes

 

 

 

 

 

3.3. Other short-term receivables

 

 

 

 

 

3.4. Prepaid services

 

 

 

 

 

3. RECEIVABLES AND PREPAYMENTS TOTAL

148 306.00

 

388 939.00

 

 

 

 

 

 

 

 

4. INVENTORIES

 

 

 

 

 

4.1     Raw materials

 

 

 

 

 

4.2    Work in progress

 

 

 

 

 

4.3     Finished goods

 

 

 

 

 

4.4     Goods for resale

 

 

 

 

 

4.5     Prepayments for inventories

 

 

 

 

 

4. INVENTORIES TOTAL

2 063 233.00

 

2 488 535.00

 

 

5. BIOLOGICAL ASSETS

 

 

 

 

 

6. NON-CURRENT ASSETS HELD FOR SALE

 

 

 

 

 

 

 

 

 

 

 

TOTAL CURRENT ASSETS

2 212 959.00

 

2 891 779.00

 

 

 

 

 

 

 

 

NON-CURRENT ASSETS

 

 

 

 

 

7. LONG-TERM FINANCIAL INVESTMENTS

 

 

 

 

 

7.1     Shares in subsidiary companies

 

 

 

 

 

7.2    Shares in associates

 

 

 

 

 

 

 

 

 

 

 

7.3     Other shares and securities

 

 

 

 

 

7.4     Long-term accounts receivable

 

 

 

 

 

7. LONG-TERM FINANCIAL INVESTMENTS TOTAL

445.00

 

1 890.00

 

 

8. INVESTMENT PROPERTIES

461 082.00

 

461 082.00

 

 

9. TANGIBLE ASSETS

 

 

 

 

 

9.1. Land

 

 

 

 

 

9.2. Buildings

 

 

 

 

 

9.3. Machinery and equipment

 

 

 

 

 

9.4. Other tangible assets

 

 

 

 

 

9.5. Construction-in-progress and prepayments for

 

 

 

 

 

tangible assets

 

 

 

 

 

9. TANGIBLE ASSETS TOTAL

64 728.00

 

112 178.00

 

 

10. BIOLOGICAL ASSETS

 

 

 

 

 

11. INTANGIBLE ASSETS

 

 

 

 

 

11.1. Goodwill

 

 

 

 

 

11.2. Development costs

 

 

 

 

 

 

 

 

 

 

 

11.3. Other intangible assets

 

 

 

 

 

11.4. Prepayments for intangible assets

 

 

 

 

 

11. INTANGIBLE ASSETS TOTAL

722 537.00

 

0.00

 

 

NON-CURRENT ASSETS TOTAL

1 248 792.00

 

575 150.00

 

 

TOTAL ASSETS

3 461 751.00

 

3 466 929.00

 

 

 

 

 

 

 

 

SHORT-TERM LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

12. LOAN LIABILITIES

 

 

 

 

 

12.1. Short-term loans and notes

 

 

 

 

 

12.2. Current portion of long-term debt

 

 

 

 

 

12.3. Convertible debts

 

 

 

 

 

12. LOAN LIABILITIES TOTAL

210 012.00

 

167 564.00

 

 

13. DEBTS AND PAYABLES

 

 

 

 

 

13.1. Supplier payables

 

 

 

 

 

13.2. Employee-related liabilities

 

 

 

 

 

13.3. Taxes payable

 

 

 

 

 

13.4. Other debts

 

 

 

 

 

13.5. Prepayments received

 

 

 

 

 

13. DEBTS AND PAYABLES TOTAL

1 847 228.00

 

1 877 726.00

 

 

14. SHORT-TERM PROVISIONS

 

 

 

 

 

15. TARGETED FINANCING

 

 

 

 

 

SHORT-TERM LIABILITIES TOTAL

2 057 240.00

 

2 045 290.00

 

 

 

 

 

 

 

 

LONG-TERM LIABILITIES

 

 

 

 

 

16. LONG-TERM LOAN LIABILITIES

 

 

 

 

 

16.1. Loans, notes and financial lease payables

 

 

 

 

 

 

 

 

 

 

 

16.2. Covertible debts

 

 

 

 

 

16. LONG-TERM LOAN LIABILITIES TOTAL

738 523.00

 

834 718.00

 

 

 

 

 

 

 

 

17. OTHER LONG-TERM DEBTS

 

 

 

 

 

18. LONG-TERM PROVISIONS

 

 

 

 

 

19. TARGETED FINANCING

 

 

 

 

 

LONG-TERM LIABILITIES TOTAL

738 523.00

 

834 718.00

 

 

LIABILITIES TOTAL

2 795 763.00

 

2 880 008.00

 

 

 

 

 

 

 

 

20. SHARE CAPITAL

51 129.00

 

51 129.00

 

 

20.a. OTHER CAPITAL

 

 

 

 

 

21. UNREGISTERED SHARE CAPITAL

 

 

 

 

 

22. SHARE PREMIUM

 

 

 

 

 

23. LESS TREASURY SHARES

 

 

 

 

 

 

 

 

 

 

 

24. Statutory legal reserve

5 113.00

 

5 113.00

 

 

 

 

 

 

 

 

25. Other reserves

 

 

 

 

 

26. RETAINED EARNINGS

530 679.00

 

498 563.00

 

 

27. NET PROFIT/ LOSS FOR FINANCIAL YEAR

79 067.00

 

32 116.00

 

 

 

 

 

 

 

 

EQUITY TOTAL

665 988.00

 

586 921.00

 

 

EQUITY AND LIABILITIES TOTAL

3 461 751.00

 

3 466 929.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME STATEMENT format 1 or 2

 

 

 

 

 

1. NET SALES        format 1

3 579 739.00

 

3 566 914.00

 

 

2. Other income

4 762.00

 

33 628.00

 

 

3. Change in inventories of agricultural goods

 

 

 

 

 

4. Profit (loss) on biological inventories

 

 

 

 

 

5. Changes in inventories of finished goods and work in

 

 

 

 

 

progress

 

 

 

 

 

6. Work performed by the undertaking for its own purpose

 

 

 

 

 

and  capital

 

 

 

 

 

7. Goods, raw materials and services

-1 344 612.00

 

-780 662.00

 

 

8. Other operating expenses

-1 005 215.00

 

-1 215 815.00

 

 

9. STAFF COSTS

 

 

 

 

 

9.a. Wages and salaries

 

 

 

 

 

9.b. Social security costs

 

 

 

 

 

9.c. Pension expenses

 

 

 

 

 

9. STAFF COSTS TOTAL

-948 450.00

 

-1 454 955.00

 

 

10. Depreciation and impairment of fixed assets

-47 666.00

 

-46 793.00

 

 

11. Other expenses

-119 911.00

 

-40 215.00

 

 

 

 

 

 

 

 

1. NET SALES      format 2

 

 

 

 

 

2. Change in inventories of agricultural goods

 

 

 

 

 

3. Profit (loss) on biological inventories

 

 

 

 

 

4. Cost of sales

 

 

 

 

 

GROSS  PROFIT (LOSS)

 

 

 

 

 

5. Marketing expenses

 

 

 

 

 

6. Administration and general expenses

 

 

 

 

 

7. Other income

 

 

 

 

 

8. Other expenses

 

 

 

 

 

OPERATING  PROFIT (LOSS)

118 647.00

 

62 102.00

 

 

 

 

 

 

 

 

12. FINANCIAL INCOME AND EXPENSES

 

 

 

 

 

12.a. Financial income and expenses from shares in subsidiaries

 

 

 

 

 

 

 

 

 

 

 

12.b. Financial income and expenses from shares in associates

 

 

 

 

 

 

 

 

 

 

 

12.c. Financial income and expenses from long-term

 

 

 

 

 

financial investments

 

 

 

 

 

12.d. Interest expense

 

 

 

 

 

12.e. Profit (loss) on translation of foreign currencies

 

 

 

 

 

 

 

 

 

 

 

12.f. Other financial income and expenses

 

 

 

 

 

12. TOTAL FINANCIAL INCOME AND EXPENSES

-39 580.00

 

-29 476.00

 

 

PROFIT(LOSS) ON ORDINARY ACTIVITIES

79 067.00

 

32 626.00

 

 

 

 

 

 

 

 

13. Income tax expense

0.00

 

-510.00

 

 

NET  PROFIT (LOSS) FOR FINANCIAL YEAR

79 067.00

 

32 116.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.61

UK Pound

1

Rs.83.98

Euro

1

Rs.71.94

 

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.