MIRA INFORM REPORT

 

 

Report Date :

01.10.2013

 

IDENTIFICATION DETAILS

 

Name :

CMK SYSTEMS, S.R.O.

 

 

Registered Office :

Tr. Marsala Malinovskeho, 884, Uherske Hradeite 68601

 

 

Country :

Ireland

 

 

Date of Incorporation :

27.03.2008

 

 

Com. Reg. No.:

28278739

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other electrical equipment

 

 

No. of Employees :

3

 

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)

Ireland

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ireland - ECONOMIC OVERVIEW

 

Ireland is a small, modern, trade-dependent economy. Ireland was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has dropped sharply since the onset of the world financial crisis, with GDP falling by over 3% in 2008, nearly 7% in 2009, and less than 1% in 2010. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property and construction markets. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. Since their 2007 peak, average house prices have fallen 47%. In the wake of the collapse of the construction sector and the downturn in consumer spending and business investment, the export sector, dominated by foreign multinationals, has become a key component of Ireland's economy. Agriculture, once the most important sector, is now dwarfed by industry and services. In 2008 the former COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country's economic downturn. In 2009, in continued efforts to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP - because of additional government support for the banking sector. In late 2010, the former COWEN government agreed to a $112 billion loan package from the EU and IMF to help Dublin further increase the capitalization of its banking sector and avoid defaulting on its sovereign debt. Since entering office in March 2011, the new KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland achieved moderate growth of 1.4% in 2011 and cut the budget deficit to 9.1% of GDP. Although the recovery slowed in 2012 because of weaker EU demand for Irish exports, Dublin managed to trim the deficit to about 8.5% of GDP.

 

Source : CIA

 

Company Summary

 

Company Name                                   CMK SYSTEMS, S.R.O.

Company Registration Number            28278739

Country                                                CZ

Activity Code                                       2790

Activity Description                              Manufacture of other electrical equipment

Company Status                                  Company Status. ACT

Latest Turnover                                   350,000.00 (CZK)

 

 

Company Identification

 

Activities

 

Activity Code               2790

Activity Description      Manufacture of other electrical equipment

 

Activity Code               4690

Activity Description      Non-specialised wholesale trade

 

Activity Code               4719

Activity Description      Other retail sale in non-specialised stores

 

Activity Code               4778

Activity Description      Other retail sale of new goods in specialised stores

 

Activity Code               5610

Activity Description      Restaurants and mobile food service activities

 

Activity Code               5820

Activity Description      Software publishing

 

Activity Code               7310

Activity Description      Advertising

 

Activity Code               7400

Activity Description      Other professional, scientific and technical activities

 

Activity Code               2610

Activity Description      Manufacture of electronic components and boards

 

Activity Code               9004

Activity Description      Operation of arts facilities

 

 

 

Basic Information

 

Company Name                                   CMK SYSTEMS, S.R.O.

Trading Company Name                      SMART VENTURE S.R.O.

Company Registration Number            28278739

Country                                                CZ

VAT Registration Number                    CZ28278739

Date of Company Registration             27/03/2008

Date of Starting Operations                 27/03/2008

Commercial Court                               Municipal Court of Prague

Legal Form                                          Private Limited Company

Type of Ownership                              Private domicile

Company Status                                  Company Status. ACT

Principal Activity Code                        2790

Principal Activity Description               Manufacture of other electrical Equipment

Contact Address                                   Tř. Maršála Malinovského

884, Uherské Hradšitě 68601

 

 

Main Address

 

Address                        Tř. Maršála Malinovského 884, Uherské Hradšitě 68601

Country                        CZ

 

Other Addresses

 

Address                        Kubelíkova 1224/42, Praha 3- Žižkov 13000

Country                        CZ

 

Address                        Tř. Maršála Malinovského 884, Uherské Hradšitě 68601

Country                        CZ

 

 

Current Directors Managers

 

Name                           Maksym Pshenychnyak

Position                       Executive member

 

 

Share Capital Structure

 

Name                           Maksym Pshenychnyak

Address                        Prokopa Holého 757, Uherské Hradiště 68601

Share Percent                         100.00 %

 

 

Number of employees

 

Year                             2010

Number of employees     3

 

Year                             2009

Number of employees     3

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.78

UK Pound

1

Rs.101.42

Euro

1

Rs.84.67

 

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.