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Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
LUKEM D.O.O.
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|
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Registered Office : |
Tiranova ulica
38, 1000 Ljubljana |
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Country : |
Slovenia |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
20.02.1995 |
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|
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Com. Reg. No.: |
12638000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Wholesaler of chemical products, colours, varnish ·
Wholesaler of textile |
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No. of Employees : |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
LUKEM d.o.o.
Tiranova ulica 38,
1000 Ljubljana
Phone: 01 244 32 91
Telefax: 01 244 32 96
E-Mail: lukem@siol.net
Web: www.lukem.si
Legal form d.o.o. - Limited liability company
(Ltd.)
Established on 20/02/1995 - d.o.o. - Limited
liability company (Ltd.)
letzte Eintragung am 26.03.2010
Registered on 20/02/1995, Ljubljana, Registration
number: 12638000
Tax number: SI61647420
Company number: 5898846
Registered EUR 104.323,00
capital
Owner Dušan Renèelj EUR
79.285,48
Linhartova cesta
82, 1000 Ljubljana
LUKEM d.o.o.
(Statistical number: EUR 25.037,52
5898846)
Tiranova ulica 38,
1000 Ljubljana
Manager Dušan Renèelj
Linhartova cesta
82, 1000 Ljubljana
director
General data company
activity:
wholesale of chemical products,
colours, varnish,
wholesale of textile
headquarters and business
premises are located on the address
above
Main activity:
Agents involved in the
sale of a variety of
goods (NACE 2)
Export:
United Arab
Emirates
South Jemen
Kuwait
Oman
Import:
Italy
Austria
United Arab
Emirates
Thailand
India
Romania
China
Residence address:
Tiranova ulica 38,
1000 Ljubljana
Phone:
01 244 32 91
Telefax:
01 244 32 96
E-Mail:
Web:
Other
activities
Employees 2008 6 employees
2009 7 employees
2010 8 employees
2011 8 employees
2012 8 employees
2013
8 employees
Annual turnover 2007
Enterprise turnover EUR
7.369.559,-
2008 Enterprise turnover EUR 14.371.356,-
2009 Enterprise turnover EUR 10.698.190,-
2010 Enterprise turnover EUR 12.896.591,-
2011 Enterprise turnover EUR 16.090.757,-
2012 Enterprise turnover EUR 16.794.168,-
Property Company's
property: Business premises
1000 Ljubljana,
Tiranova ulica 38
Remarks company name:
LUKEM Podjetje za eksport - import,
d.o.o.
Interests LUKEM d.o.o.
(Statistical number: 5898846):
LUKEM d.o.o. (Statistical number: Owner
5898846)
Bank relations NOVA LJUBLJANSKA
BANKA d.d., LJUBLJANA:
Central address: SI Trg
republike 2, 1520 Ljubljana
Account number: SI56 0201 1003
5448 082
SKB BANKA d.d. LJUBLJANA:
Central address: SI Ajdovšèina
4, 1513 Ljubljana
Account number:
SI56 0310 0100 2813 066
ABANKA VIPA
d.d.:
Central address: SI Slovenska cesta
58, 1517 Ljubljana
Account number:
SI56 0510 0800 0018 810
SBERBANK
d.d.:
Central address:
SI Dunajska cesta 128a, 1000 Ljubljana
Account number:
SI56 3000 0008 0050 062
BANKA SPARKASSE
d.d.:
Central address:
SI Cesta v Kleèe 15, 1000 Ljubljana
Account number:
SI56 3400 0101 3403 111
Company Constant
development
Terms of No complaints, but
occasional delays
payment
Business Business
connection appear permissible
connection
A.
The enclosed balance of 2012 is originated from official source, it is not
authenticated
by the auditor. (31.12.2012 - 1 EUR)
B.
The enclosed balance of 2011 is originated from official source, it is not
authenticated
by the auditor. (31.12.2011 - 1 EUR)
C.
The enclosed balance of 2010 is originated from official source, it is not
authenticated
by the auditor. (31.12.2010 - 1 EUR)
D.
The enclosed balance of 2009 is originated from official source, it is not
authenticated
by the auditor. (31.12.2009 - 1 EUR)
balance A B C D
31.12.2012 31.12.2011
31.12.2010 31.12.2009
ASSETS
(AKTIVA) 7.290.453 7.483.150
6.750.478 4.493.968
LONG-TERM
ASSETS 1.117.797 1.086.588
710.300 749.524
Intangible
assets and 0 0
0 0
long-term
deferred costs
and
accrued revenues
Intangible
assets 0 0 0 0
Long-term
deferred costs 0 0 0 0
and
accrued revenues
Tangible
fixed assets 374.212 393.165
396.015 419.232
Long-term
financial 705.343
667.804 264.302 281.345
investments
and Real
estate
investments
Investment
property 638.114 667.804
264.302 281.345
Long-term
financial 67.229 0 0 0
investments
Long-term
operating 121 0 0 0
receivables
Deferred
receivables for 38.121 25.619 49.983 48.947
taxes
>SHORT-TERM
ASSETS >6.172.283 >6.276.450
>6.015.053 >3.732.154
Assets
(group for 0 0 0 0
estrange)
for sell
Inventories 304.488 986.857
1.639.579 620.478
Short-term
financial 930.807 272.299
273.553 249.938
investments
Short-term
operating 4.698.579 4.924.545
3.904.669 2.461.124
receivables
Cash
assets 238.409 92.749
197.252 400.614
>Short-term
deferred >373 >120.112 >25.125 >12.290
costs
and accrued revenues
Off-balance
sheet items 0 2.102.994
2.201.935 0
>LIABILITIES >7.290.453 >7.483.150
>6.750.478 >4.493.968
>CAPITAL >2.970.521 >2.554.081
>2.035.991 >1.484.036
Called-up
capital 104.323 104.323
104.323 104.323
Basic
(subscribed) capital 104.323 104.323
104.323 104.323
Non
called-up capital 0 0 0 0
(deductive
item)
Capital reserves 8.538 8.538 8.538 8.538
Reserves
from profit 10.432 10.432 10.432 10.432
Surplus
from revaluation 0 0
0 0
Retained
net 2.430.788 1.912.698
1.360.743 1.072.197
Net
business result for 416.440 518.090
551.955 288.546
the
business year
>PROVISIONS
AND LONG-TERM >0 >0 >0 >0
ACCRUED
COSTS AND
DEFERRED
REVENUES
>FINANCIAL
AND BUSINESS >4.281.680 >4.900.863
>4.648.432 >2.988.213
LIABILITIES
LONG-TERM
LIABILITIES 0 0 0 56.929
Long-term
financial 0 0 0
56.929
liabilities
Long-term
operating 0 0 0 0
liabilities
Deferred
liabilities for 0 0 0 0
taxes
>SHORT-TERM
LIABILITIES >4.281.680 >4.900.863
>4.648.432 >2.931.284
Liabilities,
included in 0 0 0 0
groups
for estrange
Short-term
financial 977.742 683.729
581.800 171.336
liabilities
Short-term
operating 3.303.938 4.217.134
4.066.632 2.759.948
liabilities
SHORT-TERM
ACCRUED COSTS 38.252 28.206 66.055 21.719
AND
DEFERRED REVENUES
Off-balance
sheet items 0 2.102.994
2.201.935 0
A.
The enclosed profit and loss account of 2012 is originated from official
source,
it is not authenticated by the auditor. (31.12.2012 - 1 EUR)
B.
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)
C.
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)
D.
The enclosed profit and loss account of 2009 is originated from official
source,
it is not authenticated by the auditor. (31.12.2009 - 1 EUR)
profit
and loss account A B C D
31.12.2012 31.12.2011
31.12.2010 31.12.2009
>Net
sales >16.314.565
>15.668.453 >12.420.610 >10.396.860
>Changes
in the value of >0 >0
inventories
of products
and
work-in-process
>Capitalised
own products >0 >0
and
own services
>Other
operating revenues >0 >0
(with
subventions,
grants,...)
>GROSS
OPERATING YIELD >16.314.565
>15.668.453
>Cost
of goods, material >15.384.285
>14.504.824
and
services
Purchase
value of goods 12.461.363 11.972.028
and
materials sold and
cost
of material and cost
of
material used
Cost
of services 2.922.922 2.532.796
>Labour
cost >273.794 >261.147
Cost
of wages 210.313 199.713
Cost
of pension insurance 18.655 17.578
Cost
of other social 14.972 14.556
insurance
Other
labour cost 29.854 29.300
>Write-offs >133.586 >170.860
Depreciation 49.896 40.274
Revaluation
operating 0 0
expenses
for non-tangible
assets
and tangible fixed
assets
Revaluation
operating 83.690 130.586
expenses
for current
assets
Other
operating expenses 20.188 1.562
OPERATING
REVENUES 16.314.565 15.668.453
>OPERATING
EXPENSES >15.811.853
>14.938.393
>OPERATING
RESULT >502.712 >730.060
>EBIT >502.712 >730.060 >613.824 >346.301
Financial
income from 12.135 5.333 5.254 0
investments
in other
enterprises
Financial
income from 10.043 148 1.664 0
loans
Financial
income from 430.241 416.629
466.549 292.162
operating
receivables
Financial
expenses from 0 28.292 22.670 7.024
depreciation
and write-
offs
of financial
investments
Financial
expenses from 42.604 53.912 71.807 39.124
financial
liabilities
Financial
expenses from 428.181 421.800
301.286 228.239
operating
liabilities
Financial
income 452.419 422.110
473.467 292.162
Financial
expenses 470.785 504.004
395.763 274.387
Other
revenues 27.184 194 2.514 9.168
Other
expenses 0 0 0 0
Total
revenues 16.794.168 16.090.757
12.896.591 10.698.190
>Total
costs >16.282.638
>15.442.397 >12.202.549 >10.324.946
Total
business result 511.530
648.360 694.042 373.244
>Tax
on profit >107.592 >105.906 >143.123 >78.629
Deferred
taxs -12.502 24.364 -1.036 6.069
Net
business result for 416.440 518.090
551.955 288.546
the
accounting period
Ratios 2009 2010
2011 2012
Equity ratio 0,02 0,02
0,01 0,01
Cleared equity ratio 0,02
0,02 0,01 0,01
Current liquidity 1,27 1,29
1,28 1,44
Quick liquidity 1,06 0,94
1,08 1,37
Working capital 800870 1366621 1375587 1890603
Gearing 43,08 64,71
71,73 69,88
Cleared gearing 2,19 5,58
6,55 9,37
Profitability 3,49 5,38
4,03 3,05
Operating profitability 2,7
4,28 3,22 2,48
Stock days 21,17 46,4
22,39 6,62
Debtor days 83,97 111
112 102
Supplier days 94,16 115
95,66 71,81
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.78 |
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.