MIRA INFORM REPORT

 

 

Report Date :

04.10.2013

 

IDENTIFICATION DETAILS

 

Name :

STAPPERT POLSKA SP. Z O.O.

 

 

Registered Office :

Antonio Gaudiego 18, GliwiceŚ, ląskie 4-4109

 

 

Country :

Poland

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

01.01.1996

 

 

Com. Reg. No.:

132532

 

 

Legal Form :

Wholesale of metals and metal ores

 

 

Line of Business :

Private Limited

 

 

No. of Employees :

80

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

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)

Poland

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

poland - ECONOMIC OVERVIEW

 

Poland has pursued a policy of economic liberalization since 1990 and Poland's economy was the only one in the European Union to avoid a recession through the 2008-09 economic downturn. Although EU membership and access to EU structural funds have provided a major boost to the economy since 2004, GDP per capita remains significantly below the EU average while unemployment continues to exceed the EU average. The government of Prime Minister Donald TUSK steered the Polish economy through the economic downturn by skillfully managing public finances without stifling economic growth and adopted controversial pension and tax reforms to further shore up public finances. While the Polish economy has performed well over the past five years, growth slowed in 2012, in part due to the ongoing economic difficulties in the euro zone. The key policy challenge is to provide support to the economy through monetary easing, while maintaining the pace of structural fiscal consolidation. Poland's economic performance could improve over the longer term if the country addresses some of the remaining deficiencies in its road and rail infrastructure and its business environment. An inefficient commercial court system, a rigid labor code, red tape, and a burdensome tax system keep the private sector from realizing its full potential.

 

Source : CIA

 


Company Summary

 

Company Name                                               STAPPERT POLSKA SP. Z O.O.

Company Registration Number                        132532

Country                                                            PL

Activity Code                                                   4672Z

Activity Description                                          Wholesale of metals and metal ores

Company Status                                              Active

Latest Turnover                                               133,246,000.00 (PLN)

Latest Shareholders Equity                              31,256,000.00 (PLN)

Before Tax                                                       3,181,000.00 (PLN)

 

 

Company Identification

 

Activities

 

Activity Code                                       4672Z

Activity Description                              Wholesale of metals and metal ores

 

 

Basic Information

 

Company Name                                   STAPPERT POLSKA SP. Z O.O.

Registered Company Name                STAPPERT POLSKA SPÓŁKA Z OGRANICZONĄODPOWIEDZIALNOŚCIĄ

Company Registration Number            132532

Country                                                PL

VAT Registration Number                    9531740071

Date of Company Registration             01/01/1996

Date of Starting Operations                 01/01/1996

Company Status                                  Active

Principal Activity Code                        519

Principal Activity Description               Other wholesale

Contact Address                                   Antonio Gaudiego 18, GliwiceŚ, ląskie 4-4109

Contact Telephone Number                 4832 3447301

Address                                                Antonio Gaudiego 18, GliwiceŚ, ląskie 4-4109

Telephone                                           4832 3447301

Email Addresses                                  info@ims-stalserwis.com

Web Addresses                                    www.ims-stalserwis.pl

 

 

Current Directors Managers

 

Name                           Urlich Neidert

Position                       President

 

Share Capital Structure

 

Issued Share capital    19,034,000.00 (PLN)

Name                           T-MOBILE POLAND HOLDING GMBH

Share Percent                         100.00 %

 

 

Employee Information

 

Year                                         2012

Number of Employees             80

 

Year                                        2010

Number of Employees             84

 

Year                                        2009

Number of Employees             70

 

Year                                         2008

Number of Employees             53

 

Year                                         2007

Number of Employees             53

 

Year                                         2006

Number of Employees             53

 

 

Bankers

 

Name                           ING Bank Śląski S.A.

 

 

Financial Statements

 

Profit & Loss

 

Financial Year                                    2011                                                   2010                                                    2009

Number of Weeks                              52                                                       52                                                        52

Currency                                            PLN                                                   PLN                                                    PLN

Revenue                                             134,769,000.00                                    110,610,000.00                                     77,438,000.00

Operating Costs                                 133,945,000.00                                    107,654,000.00                                     86,365,000.00

Operating Profit                                 824,000.00                                          2,956,000.00                                        -8,927,000.00

Depreciation                                      1,413,000.00                                       1,437,000.00                                        2,006,000.00

Financial Income                               149,000.00                                          170,000.00                                           724,000.00

Financial Expenses                            4,154,000.00                                       758,000.00                                           4,438,000.00

Extraordinary  Income                        0.00                                                    0.00                                                     0.00

Extraordinary  Costs                           0.00                                                    0.00                                                     0.00

Profit Before Tax                                -3,181,000.00                                      2,368,000.00                                        -12,641,000.00

Tax                                                     -59,000.00                                           -593,000.00                                          2,202,000.00

Profit After Tax                                    -3,123,000.00                                      2,960,000.00                                        -14,844,000.00

Retained Profit                                   -3,123,000.00                                      2,960,000.00                                        -14,844,000.00

 

 

Balance Sheet

 

Financial Year                                    2011                                                   2010                                                    2009

Number of Weeks                              52                                                       52                                                        52

Currency                                            PLN                                                   PLN                                                    PLN

Land & Buildings                               13,951,000.00                                      14,255,000.00                                       14,608,000.00

Plant & Machinery                               5,975,000.00                                       7,803,000.00                                        8,570,000.00

Other Tangible Assets                        514,000.00                                          696,000.00                                           933,000.00

Total Tangible Assets                         20,440,000.00                                      22,754,000.00                                       24,111,000.00

Other Intangible Assets                      29,000.00                                            36,000.00                                             6,000.00

Total Intangible Assets                       29,000.00                                            36,000.00                                             6,000.00

Miscellaneous  Fixed Assets                777,000.00                                          686,000.00                                           0.00

Total Other Fixed Assets                     777,000.00                                          686,000.00                                           0.00

Total Fixed Assets                              21,246,000.00                                      23,477,000.00                                       24,117,000.00

Other Inventories                               20,925,000.00                                      27,281,000.00                                       20,709,000.00

Total Inventories                                20,925,000.00                                      27,281,000.00                                       20,709,000.00

Trade Receivables                              20,464,000.00                                      13,995,000.00                                       11,413,000.00

Total Receivables                               20,464,000.00                                      13,995,000.00                                       11,413,000.00

Cash                                                   2,314,000.00                                       8,090,000.00                                        2,109,000.00

Other Current Assets                         96,000.00                                            160,000.00                                           138,000.00

Total Current Assets                           43,800,000.00                                      49,526,000.00                                       34,369,000.00

Total Assets                                        65,046,000.00                                      73,003,000.00                                       58,486,000.00

Trade Payables                                   16,287,000.00                                      20,901,000.00                                       10,795,000.00

Bank Liabilities                                  582,000.00                                          0.00                                                     0.00

Miscellaneous  Liabilities                    16,921,000.00                                      17,723,000.00                                       16,272,000.00

Total Current Liabilities                     33,790,000.00                                      38,623,000.00                                       27,067,000.00

Other Loans/Finance

 due after 1 year                              0.00                                                        0.00                                                   0.00

Miscellaneous  Liabilities

due after 1 year                                 0.00                                                      0.00                                                   0.00

Total Long Term Liabilities                0.00                                                    0.00                                                     0.00

Total Liabilities                                  33,790,000.00                                      38,623,000.00                                       27,067,000.00

Called Up Share Capital                     19,034,000.00                                      19,034,000.00                                       19,034,000.00

Called Up Share Capital                     19,034,000.00                                      19,034,000.00                                       19,034,000.00

Total Shareholders  Equity                 31,256,000.00                                      34,379,000.00                                       31,419,000.00

 

Other Financials

 

Working Capital                                 10,010,000.00                                      10,903,000.00                                       7,302,000.00

Net Worth                                           31,227,000.00                                      34,343,000.00                                       31,413,000.00

 

Ratios

 

Pre-Tax Profit Margin                         -2.39                                                   2.21                                                     -16.61

Return on Capital Employed              -10.18                                                 6.89                                                     -40.23

Return on Total Assets

Employed                                              -4.89                                               3.24      -                                               21.61

Return on Net Assets Employed        -10.18                                                 6.89                                                     -40.23

Sales/Net Working Capital                 13.31                                                  9.83                                                     10.42

Stock Turnover Ratio                         15.70                                                  25.45                                                   27.22

Debtor Days                                       56.06                                                  47.65                                                   54.75

Creditor Days                                     44.61                                                  71.17                                                   51.79

Current Ratio                                     1.30                                                    1.28                                                     1.27

Liquidity Ratio/Acid Test                    0.68                                                    0.58                                                     0.50

Current Debt Ratio                             1.08                                                    1.12                                                     0.86

Gearing                                              1.86                                                    0.00                                                     0.00

Equity in Percentage                          48.66                                                  47.56                                                   53.73

Total Debt Ratio                                 1.08                                                    1.12                                                     0.86

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.93

UK Pound

1

Rs.100.44

Euro

1

Rs.84.23

 

 

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%)

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.