MIRA INFORM REPORT

 

 

Report Date :

21.10.2013

 

IDENTIFICATION DETAILS

 

Name :

MARBLE & QUARTZITE POLSKA SP. Z O.O.

 

 

Registered Office :

Jaroszów 129 B, Jaroszów, Dolnoslaskie 58120

 

 

Country :

Poland

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

01.01.2000

 

 

Com. Reg. No.:

85365

 

 

Legal Form :

Not Available

 

 

Line of Business :

Wholesale of wood, construction materials and sanitary equipment.

 

 

No. of Employees :

11

 

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 :

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 name

 

Marble & Quartzite Polska Sp. z o.o.

 

 

Company Summary

 

Company Name                        Marble & Quartzite

Country                                    PL       

Activity Code                              4673Z   

Activity Description                  Wholesale of wood, construction materials and sanitary equipment

Company Status                      Active  

Latest Turnover                        32,665,000.00 (PLN)

Credit Limit                              0.00 (PLN)        

Latest Shareholders  Equity     5,271,000.00 (PLN)

 

 

Company Identification

 

Activities

Activity Code                                                    4673Z

Activity Description                                           Wholesale of wood, construction materials and sanitary equipment

Company Name                                                Marble & Quartzite Polska Sp. z o.o.

Registered Company Name                               MARBLE & QUARTZITE POLSKA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ

Company Registration Number                         85365   

Country                                                             PL

VAT Registration Number                                  8512694843      

Date of Company Registration                          01/01/2000       

Date of Starting Operations                              01/01/2000

Commercial Court        

Type of Ownership       

Company Status                                               Active

Principal Activity Code                                      5153     

 

Principal Activity Description                           Wholesale of wood, construction materials and sanitary equipment

 

Main Address

 

Address                                                          Jaroszów 129 B,   Jaroszów,    Doślnląoskie    5-8120

Telephone                                                         4874 8558600

Email Addresses

michal@mqpolska.pl

 

Web Addresses

www.mqpolska.pl

 

Current Directors Managers

 

Name                                   Michał Nowak

Position                               Director

 

Share Capital Structure

 

Issued Share capital            5,000,000.00 (PLN)

Name                                   M + Q GRANIT AG (SZWAJCARIA)

Share Percent                      100.00 %

 

Employee Information

Year                                     2011

Number of Employees        11

 

 

Year                                     2010

Number of Employees        11

 

 

Year                                     2009

Number of Employees        11

 

 

Year                                     2008

Number of Employees        11

 

 

Year                                     2007

Number of Employees        11

 

 

Year                                     2006

Number of Employees        11

Bankers

Name                                   Bank Zachodni WBK S.A.

 

Financial Statements

 

Profit & Loss

Financial Year                     2011                                     2010                                     2009

Number of Weeks                52                                        52                                         52

Currency                              PLN                                     PLN                                      PLN

Revenue                              35,319,000.00                       30,443,000.00                       59,926,000.00

Operating Costs                  34,746,000.00                       32,027,000.00                       58,133,000.00

Operating Profit                   573,000.00                           -1,584,000.00                        1,792,000.00

Depreciation                        255,000.00                           112,000.00                            211,000.00

Financial Income                889,000.00                           269,000.00                            457,000.00

Financial Expenses             2,622,000.00                        150,000.00                            163,000.00

Extraordinary  Income         0.00                                     0.00                                      0.00

Extraordinary  Costs            0.00                                     0.00                                      0.00

Profit Before Tax                 -1,160,000.00                       -1,465,000.00                        2,087,000.00

Tax                                      96,000.00                             67,000.00                              865,000.00

Profit After Tax                    -1,256,000.00                       -1,532,000.00                        1,222,000.00

Retained Profit                    -1,256,000.00                       -1,532,000.00                        1,222,000.00

 

 

Balance Sheet

 

Financial Year                     2011                                     2010                                     2009

Number of Weeks                52                                        52                                         52

Currency                              PLN                                     PLN                                      PLN

Land & Buildings                1,799,000.00                        5,420,000.00                         1,318,000.00

Plant & Machinery               161,000.00                           34,000.00                              30,000.00

Other Tangible Assets         634,000.00                           307,000.00                            862,000.00

Total Tangible Assets         2,594,000.00                        5,761,000.00                         2,210,000.00

Other Intangible Assets       4,000.00                               1,000.00                                1,000.00

Total Intangible Assets       4,000.00                               1,000.00                                1,000.00

Miscellaneous  Fixed Assets 546,000.00                          1,164,000.00                         385,000.00

 

Total Other Fixed Assets     546,000.00                           1,164,000.00                         385,000.00

Total Fixed Assets               3,144,000.00                        6,926,000.00                         2,596,000.00

Other Inventories                 15,987,000.00                       8,770,000.00                         9,439,000.00

Total Inventories                 15,987,000.00                       8,770,000.00                         9,439,000.00

Trade Receivables               2,747,000.00                        8,299,000.00                         8,792,000.00

Total Receivables                2,747,000.00                        8,299,000.00                         8,792,000.00

Cash                                    286,000.00                           25,000.00                              3,563,000.00

Other Current Assets          5,121,000.00                        186,000.00                            1,769,000.00

Total Current Assets           24,141,000.00                       17,280,000.00                       23,562,000.00

Total Assets                        27,285,000.00                       24,206,000.00                       26,159,000.00

Trade Payables                    17,205,000.00                       9,453,000.00                         13,165,000.00

Bank Liabilities                   3,730,000.00                        3,373,000.00                         2,500,000.00

 

Miscellaneous  Liabilities    1,079,000.00                        453,000.00                            482,000.00

Total Current Liabilities      22,014,000.00                       13,280,000.00                       16,147,000.00

Other Loans/Finance  

due after 1 year                   0.00                                     2,438,000.00                       0.00

Miscellaneous  Liabilities

due after 1 year                   0.00                                  9,00.00                               0.00

Total Long Term Liabilities

Total Liabilities                   22,014,000.00                       15,727,000.00                       16,147,000.00

Called Up Share Capital      5,000,000.00                        5,000,000.00                         200,000.00

Revenue Reserves               271,000.00                           3,479,000.00                         9,811,000.00

 

Total Shareholders  

Equity                                             5,271,000.00                       8,479,000.00                         10,011,000.00

Other Financials

Working Capital                  2,127,000.00                        4,000,000.00                         7,415,000.00

Net Worth                            5,267,000.00                        8,478,000.00                         10,010,000.00

 

Ratios

Pre-Tax Profit Margin           -3.55                                   -5.06                                     3.54

  Return on Capital

  Employed                                     -22.01                                               -13.41                                                20.85

Return on Total Assets

Employed                           -4.25                                    -6.05                                     7.98

Return on Net Assets

Employed                            -22.01                                   -17.28                                   20.85

Sales/Net Working

Capital                                 15.36                                    7.23                                      7.95

Stock Turnover Ratio          48.94                                    30.31                                    16.02

Debtor Days                         30.70                                    104.69                                  54.46

Creditor Days                      192.25                                  119.25                                  81.55

Current Ratio                       1.10                                     1.30                                      1.46

Liquidity Ratio/Acid Test     0.37                                     0.64                                      0.87

Current Debt Ratio               4.18                                     1.57                                      1.61

Gearing                               70.76                                    68.64                                    24.97

Equity in Percentage           19.72                                    36.80                                    38.84

Total Debt Ratio                   4.18                                     1.85                                      1.61

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.28

UK Pound

1

Rs.99.03

Euro

1

Rs.83.80

 

 

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.