MIRA INFORM REPORT

 

 

Report Date :

23.10.2013

 

IDENTIFICATION DETAILS

 

Name :

INTERSTONE SP. Z O.O.

 

 

Registered Office :

Słowackiego 4 C/14, Andrychów Malo Poskie 34-120

 

 

Country :

Poland

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

01.01.2000

 

 

Com. Reg. No.:

26542

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Wholesale of wood, construction materials and sanitary equipment

 

 

No. of Employees :

40

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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

 

INTERSTONE SP. Z O.O.

 

 

Company Summary

 

Company Name                        INTERSTONE Sp. z o.o.           

Company Registration             26542

Country                                    PL

Activity Code                            4673Z   

Activity Description                  Wholesale of wood, construction materials and sanitary equipment

Company Status                      Active  

Latest Turnover                        32,519,000.00 (PLN)

Latest Shareholders  Equity     3,934,000.00 (PLN)

 

 

Company Identification

 

Activities

Activity Code                4673Z

Activity Description      Wholesale of wood, construction materials and sanitary equipment

 

 

Basic Information

 

  Company Name                                              INTERSTONE Sp. z o.o.           

  Registered Company Name                            INTERSTONE” SPÓŁKA Z OGRANICZONĄ

                                                                        ODPOWIEDZIALNOŚCIĄ

Company Registration Number                     26542                                                  

Country                                                          PL

VAT Registration Number    5512240974                      

Date of Company Registration                      01/01/2000                                                        

Date of Starting Operations                          01/01/2000

Company Status                                           Active

Principal Activity Code                                 5153                                                  

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

  Contact Address                                           Słowackiego 4 C/14, Andrychów Malo Poskie 34-120

  Contact Telephone Number                           4833 8704690

Main Address

 

Address          Słowackiego 4 C/14, Andrychów Malo Poskie 34-120,

Telephone        4833 8704690

 

Email Addresses

interstone@interstone.pl

 

Web Addresses

www.interstone.pl

 

 

Current Directors Managers

 

Name                Wiesław Sordyl

Position           Director

 

Name                Bożena Klimczyńska

Position           Financial Director

 

Name                   Tadeusz Wysocki

Position           Marketing Director

 

Name                Sławomir Hardy

Position           Trade Director

 

 

Share Capital Structure

 

Issued Share capital                             1,554,000.00 (PLN)

Name                                                        WIESŁAW SORDYL

Share Percent                                        50.00 %

 

Name                            TADEUSZ WYSOCKI

Share Percent 44.60 %

 

Name                            RAFAŁ SORDYL

Share Percent 2.70 %

 

Name                            SŁAWOMIR HARDY

Share Percent 2.70 %

 

 

Employee Information

 

Year                                          2012

Number of Employees             40

 

Year                                          2011

Number of Employees             40

 

Year                                          2010

Number of Employees             41

 

Year                                          2009

Number of Employees             30

 

Year                                          2008

Number of Employees             30

 

Year                                          2007

Number of Employees             30

 

 

Bankers

 

Name    Raiffeisen Bank Polska S.A.

 

 

Financial Statements

 

PROFIT & LOSS

Financial Year                          2012                  2011                  2010

Number of Weeks                    52                     52                     52

Currency                                  PLN                  PLN                  PLN

Revenue                                   32,994,000.00    34,875,000.00    29,574,000.00

Operating Costs                       32,646,000.00    32,793,000.00    27,965,000.00

Operating Profit                       348,000.00        2,082,000.00     1,609,000.00

Depreciation                             458,000.00        490,000.00        450,000.00

Financial Income                     871,000.00        104,000.00        18,000.00

Financial Expenses                  533,000.00        1,962,000.00     514,000.00

Extraordinary  Income 0.00                  0.00                  0.00

Extraordinary  Costs                     0.00                  0.00                  0.00

Profit Before Tax                      686,000.00        224,000.00        1,113,000.00

Tax                                           134,000.00        73,000.00          197,000.00

Profit After Tax                         552,000.00        151,000.00        916,000.00

Retained Profit                         552,000.00        151,000.00        916,000.00

BALANCE SHEET

 

Financial Year                                       2012                  2011                  2010

Number of Weeks                    52                     52                     52

Currency                                  PLN                  PLN                  PLN

Land & Buildings                     1,008,000.00     940,000.00        950,000.00

Plant & Machinery                    532,000.00        593,000.00        496,000.00

Other Tangible Assets             1,947,000.00     2,601,000.00     2,591,000.00

Total Tangible Assets 3,487,000.00     4,134,000.00     4,037,000.00

Other Intangible Assets           0.00                  0.00                  0.00

Total Intangible Assets            0.00                  0.00                  0.00

Miscellaneous  Fixed Assets    259,000.00        390,000.00        340,000.00

Total Other Fixed Assets          259,000.00        390,000.00        340,000.00

Total Fixed Assets                   3,746,000.00     4,524,000.00     4,377,000.00

Other Inventories                     11,825,000.00    11,499,000.00    10,191,000.00

Total Inventories                      11,825,000.00    11,499,000.00    10,191,000.00

Trade Receivables                    1,059,000.00     1,551,000.00     1,220,000.00

Total Receivables                     1,059,000.00     1,551,000.00     1,220,000.00

Cash                                         123,000.00        105,000.00        158,000.00

Other Current Assets   206,000.00        234,000.00        306,000.00

Total Current Assets                 13,213,000.00    13,389,000.00    11,875,000.00

Total Assets                             16,959,000.00    17,913,000.00    16,252,000.00

Trade Payables                        9,341,000.00     10,277,000.00    8,105,000.00

Bank Liabilities                        955,000.00        1,136,000.00     1,053,000.00

Miscellaneous  Liabilities         1,928,000.00     2,082,000.00     2,161,000.00

Total Current Liabilities           12,223,000.00    13,495,000.00    11,319,000.00

Other Loans/Finance    385,000.00        0.00                  0.00

due after 1 year

Miscellaneous  Liabilities      417,000.00        985,000.00        1,262,000.00

due after 1 year

Total Long Term Liabilities      802,000.00        985,000.00        1,262,000.00

Total Liabilities                        13,025,000.00    14,480,000.00    12,581,000.00

Called Up Share Capital           1,554,000.00     1,554,000.00     1,554,000.00

Revenue Reserves                    2,380,000.00     1,879,000.00     2,117,000.00

Total Shareholders  Equity

3,934,000.00

3,433,000.00

3,671,000.00

Other Financials

 

 

 

Working Capital

990,000.00

-106,000.00

556,000.00

Net Worth

3,934,000.00

3,433,000.00

3,671,000.00

 

RATIOS

 

 

 

Pre-Tax Profit Margin

2.11

0.65

3.80

Return on Capital Employed

14.48

5.07

22.56

Return on Total Assets

Employed

4.05

1.25

6.85

Return on Net Assets Employed

17.44

6.52

30.32

Sales/Net Working Capital

32.85

-326.74

52.63

Stock Turnover Ratio

36.36

33.20

34.83

Debtor Days

11.89

16.35

15.22

Creditor Days

104.85

108.31

101.10

Current Ratio

1.08

0.99

1.05

Liquidity Ratio/Acid Test

0.11

0.14

0.15

Current Debt Ratio

3.11

3.93

3.08

Gearing

44.66

61.78

63.06

Equity in Percentage

23.56

19.59

23.07

Total Debt Ratio

3.31

4.22

3.43

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.78

UK Pound

1

Rs.99.66

Euro

1

Rs.84.49

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.