|
Report Date : |
18.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
VITIVA D.D. |
|
|
|
|
Registered Office : |
Nova vas pri Markovcih 98, 2281 Markovci |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
17.10.1991 |
|
|
|
|
Legal Form : |
Joined stocked Company |
|
|
|
|
Line of Business : |
Manufacture of other chemical products |
|
|
|
|
No. of Employees : |
54 |
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 : |
Slow but correct |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
|
VITIVA d.d. |
Phone |
02 788 87 33 |
|
Nova vas pri Markovcih 98 |
Telefax |
02 788 87 31 |
|
2281 Markovci |
E-Mail |
|
|
Slovenia |
Web |
|
Crefo Nr. |
9270031476 |
Registration: |
Ptuj |
|
Statistical Nr. |
5528895 |
Registration Nr. |
10984700 |
|
Tax Nr. |
SI42286212 |
Status |
Active |
|
Business
connection |
Business connection appear premissable |
(31) |
|
Terms of payment |
Partly within agrees credit terms, partly within delays |
(42) |
Legal form
Joined stocked Company
Founded
17/10/1991 as Joined stocked Company
Registration
17/10/1991, Ptuj, 10984700 Statistical Nr.:
5528895 Tax Nr.: SI42286212
Owners and Capital
|
Crefo Nr. |
Name / Address /
Status |
From |
Share |
|
Head shareholders |
|||
|
9270157441 |
ILLURIA HOLDINGS
LIMITED |
|
100% |
|
Crefo Nr. |
Name / Address /
Status |
Since Power of attorney |
|
Board of
Directors |
||
|
9270035361 |
confidential clerk Andreja RiZner Hras Ob potoku 27, 2327 Race Slovenia |
|
|
9270035360 |
director Ohad Ovadya Cohen Zrkovska cesta 50, 2000 Maribor Slovenia |
|
|
Supervisory Board |
||
|
9270141456 |
chairman of the supervisory board Andrej Rucigaj 25 Hepworth Court, 30 Gatliff Road, SW1W 8 QN London Great-Britain |
|
|
9270157440 |
member of the
supervisory board Anton Zunic Cesta Radomeljske cete 15, 1235 Radomlje Slovenia |
|
|
9270035367 |
member of the supervisory board Davor Bauman Mariborska cesta 71, 2327 Race Slovenia |
|
9270035360 |
member of the supervisory board Ohad Ovadya Cohen Zrkovska cesta 50, 2000 Maribor Slovenia |
|
9270027965 |
member of the
supervisory board PrimoZ Pegam Dasnica 49, 4228 Zelezniki
Slovenia |
|
Valid from |
Residence address |
Valid until |
|
|
Nova vas pri Markovcih 98, 2281
Markovci, Slovenia Phone: 02 788 87 33 Telefax:
02 788 87 31 E-Mail: service@vitiva.eu Web: www.vitiva.eu |
|
|
Main activity |
Nace |
|
Manufacture of other
chemical products n.e.c. |
20.59 |
|
Additional
activities |
Nace |
company activity:
manufacture of other
chemical products n.e.c.
headquarters and business
premises are located on the address above
Economic data
|
Date |
Turnover |
Employees |
|
2008 |
6.341.390
EUR |
41 |
|
2009 |
6.402.415
EUR |
44 |
|
2010 |
7.841.550
EUR |
49 |
|
2011 |
5.636.931
EUR |
40 |
|
2012 |
6.146.349
EUR |
41 |
|
2013 |
|
54 |
Import / Export
|
|
Import |
Export |
|
Percentage |
Unknown |
Unknown |
|
Countries |
European Union, China, Israel |
European Union, USA, Russia |
Supplementary data
Remarks
company name:
VITIVA proizvodnja
in storitve d.d.
company development
needs to be supervised - vast loss and high liabilities
Banks
|
Code |
Bank name / Address |
Account Nr. |
|
118 |
FACTOR BANKA d.d. Tivolska cesta 48, 1000 Ljubljana , 1000, |
SI56 270000000385753 |
|
102 |
NOVA KREDITNA BANKA MARIBOR d.d. Ulica Vita Kraigherja 4, 2505 Maribor , 2505, |
04515-0000626061 |
Main indices
Payment experience and credit opinion
|
Terms of payment |
Partly within agrees credit terms, partly within delays |
(42) |
|
Business
connection |
Business connection appear premissable |
(31) |
Events
No negative events registered.
Balances
A B C D
31.12.2012 31.12.2011 31.12.2010 31.12.2009
ASSETS
(AKTIVA) 9.493.629 7.887.548 7.792.095 7.866.395
LONG-TERM
ASSETS 6.437.090 5.864.883 5.380.573 5.507.975
Intangible
assets and 101.796 119.420 137.747 152.553
long-term
deferred costs
and
accrued revenues
Intangible
assets 101.796 119.420 137.747 152.553
Long-term
deferred costs 0 0 0 0
and
accrued revenues
Tangible
fixed assets 6.282.664 5.710.382 5.200.159 5.336.065
Long-term
financial 25.000 0 0 0
investments
and Real
estate
investments
Investment
property 0 0 0 0
Long-term
financial 25.000 0 0 0
investments
Long-term
operating 0 0 0 0
receivables
Deferred
receivables for 27.630 35.081 42.667 19.357
taxes
>SHORT-TERM
ASSETS >3.037.291 >1.994.265 >2.384.481 >2.326.742
Assets
(group for 0 0 0 0
estrange)
for sell
Inventories 1.332.623
1.322.770 1.188.053 1.072.584
Short-term
financial 335.750 0 466.563 88.114
investments
Short-term
operating 1.181.467
670.440 716.840 1.095.591
receivables
Cash
assets 187.451 1.055 13.025 70.453
>Short-term
deferred >19.248 >28.400 >27.041 >31.678
costs
and accrued revenues
Off-balance
sheet items 4.936.990
4.215.765 3.073.268 3.039.635
>LIABILITIES >9.493.629 >7.887.548 >7.792.095 >7.866.395
>CAPITAL >3.191.867 >3.809.847 >4.538.057 >4.044.035
Called-up
capital 1.332.163 1.332.163 1.332.163 1.332.163
Basic
(subscribed) capital 1.332.163 1.332.163 1.332.163 1.332.163
Non
called-up capital 0 0 0 0
(deductive
item)
Capital
reserves 1.795.941 1.795.941 1.795.941 1.795.941
Reserves
from profit 876 876 876 876
Surplus
from revaluation 0
0 0 0
Retained
net 680.867 1.409.077 915.055 556.834
Net
business result for -617.980 -728.210 494.022 358.221
the
business year
>PROVISIONS
AND LONG-TERM >524.865 >307.391 >359.563 >42.569
ACCRUED
COSTS AND
DEFERRED
REVENUES
>FINANCIAL
AND BUSINESS >5.771.797 >3.765.088 >2.881.266 >3.770.400
LIABILITIES
LONG-TERM
LIABILITIES 1.522.921 1.151.026 1.334.087 1.761.458
Long-term
financial 1.522.921 1.151.026 1.334.087 1.743.673
liabilities
Long-term
operating 0 0 0 17.785
liabilities
Deferred
liabilities for 0 0 0 0
taxes
>SHORT-TERM
LIABILITIES >4.248.876 >2.614.062 >1.547.179 >2.008.942
Liabilities,
included in 0 0 0 0
groups
for estrange
Short-term
financial 2.595.533
1.538.210 575.506 1.019.627
liabilities
Short-term
operating 1.653.343
1.075.852 971.673 989.315
liabilities
SHORT-TERM
ACCRUED COSTS 5.100 5.222 13.209 9.391
AND
DEFERRED REVENUES
Off-balance
sheet items 4.936.990
4.215.765 3.073.268 3.039.635
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)
Balance
31.12.2012
The enclosed balance of 2012 is originated from
official source, it is not authenticated by the auditor. 31.12.2011 The enclosed balance of 2011 is originated from official source, it is
not authenticated by the auditor. 31.12.2010 The enclosed
balance of 2010 is originated from official source, it is not authenticated by
the auditor. 31.12.2009
The enclosed balance of 2009 is originated from official
source, it is not authenticated by the auditor
|
Name |
Ref. |
31/12/2012 1 EUR balance |
31/12/2011 1 EUR balance |
31/12/2010 1 EUR balance |
31/12/2009 1 EUR balance |
|
SHORT-TERM ACCRUED COSTS AND DEFERRED REVENUES |
|
5.100 |
5.222 |
13.209 |
9.391 |
|
Off-balance sheet items |
|
4.936.990 |
4.215.765 |
3.073.268 |
3.039.635 |
Profit and loss accounts
31.12.2012 The enclosed profit and loss account of 2012 is originated from
official source, it is not authenticated by the auditor. 31.12.2011 The enclosed profit
and loss account of 2011 is originated from official source, it is not
authenticated by the auditor. 31.12.2010 The enclosed profit and loss account of 2010 is originated from
official source, it is not authenticated by the auditor. 31.12.2009 The enclosed profit
and loss account of 2009 is originated from official source, it is not
authenticated by the auditor.
|
|
|
31/12/2012 1 EUR profit and loss account |
31/12/2011 1 EUR profit and loss account |
31/12/2010 1 EUR profit and loss account |
31/12/2009 1 EUR profit and loss account |
|
Name |
Ref. |
||||
|
Net sales |
|
5.851.296 |
5.346.281 |
7.506.875 |
5.891.547 |
|
Changes in the
value of inventories of products and work-in-process |
|
-98.189 |
29.470 |
24.481 |
282.341 |
|
Capitalised own
products and own services |
|
0 |
0 |
0 |
0 |
|
Other operating
revenues (with subventions, grants,... ) |
|
298.427 |
181.668 |
120.532 |
59.291 |
|
GROSS OPERATING
YIELD |
|
6.051.534 |
5.557.419 |
7.651.888 |
6.233.179 |
|
Cost of goods,
material and services |
|
4.147.330 |
3.920.454 |
4.214.723 |
3.621.801 |
|
Purchase value of goods and
materials sold and cost of material and cost of material used |
|
2.917.563 |
2.527.311 |
2.853.918 |
2.459.969 |
|
Cost of services |
|
1.229.767 |
1.393.143 |
1.360.805 |
1.161.832 |
|
Labour cost |
|
1.631.615 |
1.551.656 |
1.460.051 |
1.224.444 |
|
Cost of wages |
|
1.143.960 |
1.090.542 |
962.226 |
827.675 |
|
Cost of pension insurance |
|
138.991 |
133.066 |
131.909 |
110.911 |
|
Cost of other social
insurance |
|
186.488 |
172.460 |
138.753 |
103.916 |
|
Other labour cost |
|
162.176 |
155.588 |
227.163 |
181.942 |
|
Write-offs |
|
656.418 |
586.160 |
686.942 |
662.467 |
|
Depreciation |
|
625.388 |
577.833 |
589.214 |
575.921 |
|
Revaluation operating expenses for non-tangible
assets and tangible fixed assets |
|
5.594 |
135 |
16.701 |
7.994 |
|
Revaluation operating
expenses for current assets |
|
25.436 |
8.192 |
81.027 |
78.552 |
|
Other operating expenses |
|
107.285 |
100.015 |
429.104 |
90.336 |
|
OPERATING REVENUES |
|
6.149.723 |
5.527.949 |
7.627.407 |
5.950.838 |
|
OPERATING
EXPENSES |
|
6.542.648 |
6.158.285 |
6.790.820 |
5.599.048 |
|
OPERATING RESULT |
|
-392.925 |
-630.336 |
836.587 |
351.790 |
|
EBIT |
|
-491.114 |
-600.866 |
861.068 |
634.131 |
|
Financial income from investments in other enterprises |
|
0 |
0 |
0 |
67.423 |
|
Financial income from loans |
|
3.044 |
19.259 |
17.418 |
11.913 |
|
Financial income from
operating receivables |
|
44.022 |
58.846 |
171.518 |
89.869 |
|
|
|
31/12/2012 1 EUR profit and loss account |
31/12/2011 1 EUR profit and loss account |
31/12/2010 1 EUR profit and loss account |
31/12/2009 1 EUR profit and loss account |
|
Name |
Ref. |
||||
|
Financial expenses from depreciation and writeoffs
of financial investments |
|
0 |
0 |
143.683 |
0 |
|
Financial expenses from financial liabilities |
|
157.139 |
125.063 |
163.935 |
192.259 |
|
Financial expenses from operating liabilities |
|
51.993 |
73.257 |
188.643 |
189.517 |
|
Financial income |
|
47.066 |
78.105 |
188.936 |
169.205 |
|
Financial expenses |
|
209.132 |
198.320 |
496.261 |
381.776 |
|
Other revenues |
|
47.749 |
1.407 |
726 |
31 |
|
Other expenses |
|
5.098 |
950 |
0 |
6 |
|
Total revenues |
|
6.146.349 |
5.636.931 |
7.841.550 |
6.402.415 |
|
Total costs |
|
6.756.878 |
6.357.555 |
7.287.081 |
5.980.830 |
|
Total business result |
|
-610.529 |
-720.624 |
554.469 |
421.585 |
|
Tax on profit |
|
0 |
0 |
83.757 |
76.713 |
|
Deferred taxs |
|
7.451 |
7.586 |
-23.310 |
-13.349 |
|
Net business result for the accounting period |
|
-617.980 |
-728.210 |
494.022 |
358.221 |
Financial Ratios
|
Name |
Ref. |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Equity ratio |
1 |
0,14 |
0,17 |
0,17 |
0,17 |
|
Cleared equity ratio |
2 |
0,14 |
0,17 |
0,17 |
0,17 |
|
Current liquidity |
3 |
0,71 |
0,76 |
1,54 |
1,16 |
|
Quick liquidity |
4 |
0,40 |
0,26 |
0,77 |
0,62 |
|
Working capital |
5 |
-1211585,00 |
-619797,00 |
837302,00 |
317800,00 |
|
Gearing |
6 |
7,13 |
5,92 |
5,85 |
5,90 |
|
Cleared gearing |
7 |
3,09 |
2,02 |
1,43 |
2,07 |
|
Profitability |
8 |
-9,93 |
-12,78 |
7,07 |
6,58 |
|
Operating profitability |
9 |
-10,05 |
-12,92 |
6,30 |
5,60 |
|
Stock days |
10 |
79,14 |
85,65 |
55,30 |
61,15 |
|
Debtor days |
11 |
70,16 |
43,41 |
33,37 |
62,46 |
|
Supplier days |
12 |
98,18 |
69,66 |
45,23 |
56,40 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.37 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.