MIRA INFORM REPORT

 

 

Report Date :

18.09.2013

 

IDENTIFICATION DETAILS

 

Name :

ORDIPOL SP. Z O.O.

 

 

Registered Office :

Logistyczna 1, Bielany, Wrocławskie, Dolnśoląskie    5-5040

 

 

Country :

Poland

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

01.01.1997

 

 

Com. Reg. No.:

68811

 

 

Legal Form :

Not Available

 

 

Line of Business :

Retail sale of clothing in specialised stores

 

 

No. of Employees :

653

 

 

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 Summary

 

Company Name           ORDIPOL Sp. z o.o.       Company Registration             68811

Number

 

Country            PL        Number

Activity Code   4771Z    Activity Description      Retail sale of clothing in specialised stores

Company Status          Active    Latest Turnover           875,080,000.00 (PLN)

Latest Shareholders  Equity     153,190,000.00 (PLN)

Profit                29,284,000.00

Before    (PLN)

Tax

 

 

 

 

 

 

 

Company Identification

 

Activities

Activity Code                                       4771Z

Activity Description                              Retail sale of clothing in specialised stores

Basic Information

Company Name                                   ORDIPOL Sp. z o.o.

 

Registered Company Name                „ORDIPOL” SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ

Company Registration Number           68811

Country                                                PL

VAT Registration Number                   6772001669

VAT Registration Date

Date of Company Registration            01/01/1997

Date of Starting Operations                01/01/1997

Commercial Court      

Legal Form

 

Type of Ownership Company Status   Active

Principal Activity Code                                    5242

 Principal Activity Description                         Retail sale of clothing

Contact Address                                              Logistyczna 1,   Bielany

Wrocławskie,    Dolnśoląskie    5-5040

Contact Telephone Number                            4871 7722000

 

 

Main Address

 

Address          Logistyczna 1,   Bielany Wrołacwskie,    Dolnśoląskie    5-5040

Telephone       4871 7722000

Email Addresses

marta.mittek@orsay.de Web Addresses

www.orsey.pl

 

 

Current Directors Managers

 

Name   Mathias Klein

Position            President

Share Capital Structure

Issued Share capital    50,000.00 (PLN)

Name   MHV HANDELMAATCHAPPIJ N.V.

Employee Information

Year     2010

Number of Employees             653

 

Year     2009

Number of Employees             600

 

Year     2004

Number of Employees             500

 

Year     2003

Number of Employees             500

Bankers

Name   Bank Polska Kasa Opieki S.A. (PeKaO S.A.)

 

 

Financial Statements

 

Profit & Loss

 

Financial Year                                                 2011                              2010                              2009

Number of Weeks                                52                                 52                                 52

Currency                                              PLN                              PLN                              PLN

Revenue                                              882,304,000.00             829,369,000.00             850,230,000.00

Operating Costs                                   851,231,000.00             776,593,000.00             833,312,000.00

Operating Profit                                   31,073,000.00                52,776,000.00                16,918,000.00

Depreciation                                        17,358,000.00                14,830,000.00                12,724,000.00

Financial Income                                15,574,000.00                4,118,000.00                 5,043,000.00

Financial Expenses                             17,363,000.00                11,982,000.00                10,551,000.00

Extraordinary  Income                         0.00                              0.00                              0.00

Extraordinary  Costs                             0.00                              0.00                              0.00

Profit Before Tax                                 29,284,000.00                44,912,000.00                11,410,000.00

Tax                                                       5,897,000.00                 9,245,000.00                 2,567,000.00

Profit After Tax                                    23,387,000.00                35,667,000.00                8,843,000.00

Retained Profit                                    23,387,000.00                35,667,000.00                8,843,000.00

 

Balance Sheet

Financial Year                                                 2011                              2010                              2009

Number of Weeks                                52                                 52                                 52

Currency                                              PLN                              PLN                              PLN

Land & Buildings                                 38,927,000.00                38,789,000.00                32,834,000.00

Plant & Machinery                               26,895,000.00                31,909,000.00                17,505,000.00

Other Tangible Assets                         7,934,000.00                 9,005,000.00                 30,653,000.00

Total Tangible Assets             73,756,000.00                79,703,000.00                80,992,000.00

Other Intangible Assets                       140,000.00                    363,000.00                    797,000.00

Total Intangible Assets                        140,000.00                    363,000.00                    797,000.00

Miscellaneous  Fixed Assets                5,095,000.00                 5,011,000.00                 4,698,000.00

Total Other Fixed Assets                     5,095,000.00                 5,011,000.00                 4,698,000.00

Total Fixed Assets                               78,991,000.00                85,077,000.00                86,487,000.00

Other Inventories                                 96,227,000.00                101,431,000.00             100,511,000.00

Total Inventories                                  96,227,000.00                101,431,000.00             100,511,000.00

Trade Receivables                              109,298,000.00             73,791,000.00                105,465,000.00

Total Receivables                                109,298,000.00             73,791,000.00                105,465,000.00

Cash                                                     19,920,000.00                68,939,000.00                18,143,000.00

Other Current Assets               29,544,000.00                19,600,000.00                12,837,000.00

Total Current Assets                            254,989,000.00             263,761,000.00             236,956,000.00

Total Assets                                         333,980,000.00             348,838,000.00             323,443,000.00

Trade Payables                                   144,064,000.00             134,034,000.00             156,094,000.00

Bank Liabilities                                    0.00      0.00                  5,310,000.00

Miscellaneous  Liabilities                    36,726,000.00                60,542,000.00                22,945,000.00

Total Current Liabilities                      180,790,000.00             194,576,000.00             184,349,000.00

Other Loans/Finance                            0.00                             0.00                              0.00

due after 1 year

Miscellaneous  Liabilities             0.00                              0.00                              0.00

due after 1 year

Total Long Term Liabilities                 0.00                              0.00                              0.00

Total Liabilities                                    180,790,000.00             194,576,000.00             184,349,000.00

Called Up Share Capital                     50,000.00                      50,000.00                      50,000.00

Revenue Reserves                               153,140,000.00             154,212,000.00             139,044,000.00

 

Total Shareholders  Equity

153,190,000.00

154,262,000.00

139,094,000.00

Other Financials

 

 

 

Working Capital

74,199,000.00

69,185,000.00

52,607,000.00

Net Worth

153,050,000.00

153,899,000.00

138,297,000.00

 

Ratios

 

 

 

Pre-Tax Profit Margin

3.35

5.45

1.34

Return on Capital Employed

19.12

29.11

8.20

Return on Total Assets

Employed

8.77

12.87

3.53

Return on Net Assets Employed

19.12

29.11

8.20

Sales/Net Working Capital

11.79

11.91

16.15

Stock Turnover Ratio

11.00

12.31

11.83

Debtor Days

45.59

32.68

45.31

Creditor Days

60.09

59.36

67.06

Current Ratio

1.41

1.36

1.29

Liquidity Ratio/Acid Test

0.88

0.83

0.74

Current Debt Ratio

1.18

1.26

1.33

Gearing

0.00

0.00

3.82

Equity in Percentage

46.60

44.91

43.75

Total Debt Ratio

1.18

1.26

1.33

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.37

UK Pound

1

Rs.100.85

Euro

1

Rs.84.59

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.