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Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
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Name : |
MARBLE & QUARTZITE POLSKA SP. Z O.O. |
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Registered Office : |
Jaroszów 129 B, Jaroszów, Dolnoslaskie 58120 |
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Country : |
Poland |
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Financials (as on) : |
2011 |
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Date of Incorporation : |
01.01.2000 |
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Com. Reg. No.: |
85365 |
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Legal Form : |
Not Available |
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Line of Business : |
Wholesale of wood, construction materials and sanitary equipment. |
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No. of Employees : |
11 |
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 : |
Unknown |
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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) |
|
Poland |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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
Marble & Quartzite Polska Sp. z o.o.
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)
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
Web Addresses
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.
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
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.61.75 |
|
|
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.55 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.