MIRA INFORM REPORT

 

 

Report Date :

22.04.2014

 

IDENTIFICATION DETAILS

 

Name :

PRO-ORTO PIOTR BUKOWSKI

 

 

Registered Office :

ul. Tadeusza 22, 05-420 Józefów

 

 

Country :

Poland

 

 

Date of Incorporation :

19.04.2006

 

 

Legal Form :

Natural persons conducting business activity

 

 

Line of Business :

·         Wholesale of handmade Persian carpets

·         Wholesale of other household goods

 

 

No. of Employees :

1 to 9 employees

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Poland

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

POLAND - ECONOMIC OVERVIEW

 

Poland has pursued a policy of economic liberalization since 1990 and Poland's economy was the only one in the EU 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 and adopting 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 and 2013, in part due to the ongoing economic difficulties in the euro zone. Short-term, the key policy challenge will be to consolidate debt and spending without stifling economic growth. Over the longer term, Poland's economic performance could improve if the country addresses some of the remaining deficiencies in its road and rail infrastructure, business environment, rigid labor code, commercial court system, government red tape, and burdensome tax system.

 

Source : CIA

 

 

 

 


Company name and address

 

PRO-ORTO PIOTR BUKOWSKI

ul. Tadeusza 22

05-420 Józefów

Phone: 22 7893916

Fax:      22 7893916

E-mail: p_bukowski@o2.pl

Website: www.pro-orto.com.pl

 

 

Company summary

 

Legal form                                 Natural persons conducting business activity (1)

Stat.no.                                     140517750

Tax ID                                       PL 5321130921

 

Establishment                           19.04.2006

 

Registration:                              31.12.2011, Central Business Activity Registration and Information

Office, Data concerning previous registrations:

Municipal Office Józefów, No. 6477

 

Owner                                       Piotr Tadeusz Bukowski

 

 

 

Main activity                              wholesale of handmade Persian carpets

Branches NACE 2007:

Wholesale of other household goods

Other wholesale

Other reloading

Real estate renting

 

Employment                              2009:                            1 to 9 employees

2010:                            1 to 9 employees

 

Turnover                                    data not possible to obtain

 

 

Financial statements

 

Balance data is not available due to the lack of balance data publication.

 

While rating the company, it is advisable to take into consideration information about the branch, the company is acting in

 

(G.46.49.Z - NACE 2007), as at :

31.12.2013

31.12.2012

31.12.2011

31.12.2010

31.12.2009

Current ratio     

1,47

1,62

1,49

1,74

0,91

Quick ratio       

0,85

0,98

0,96

1,27

0,58

Immediate ratio 

0,07

0,11

0,06

0,08

0,03

Return on sale  

3,28

2,73

1,50

4,15

0,68

Return on assets          

4,92

4,10

2,47

7,38

1,38

Return on equity           

12,61

10,91

7,25

12,97

5,75

Average trade debtors' days       

92,09

93,09

99,56

82,03

65,02

Average stock turnover's days    

74,19

67,77

56,93

31,85

39,29

average payables payment period           

120,40

108,16

110,48

69,61

120,95

Total indebtedness ratio 

61,00

62,37

65,91

43,13

76,06

Percent share in the examinated group
of companies with net profit        

83,30

80,60

73,50

76,10

81,00

Sales/revenue per employee in th. PLN....

766,21

791,39

795,34

1 157,41

888,69

Average sales/revenue per company in

th. PLN

59 977,50

66 124,89

69 147,59

110 608,07

100 358,07

 

 

according to the Central Statistical Office

 

Locations:                                 seat:

ul. Tadeusza 22, 05-420 Józefów

Phone:                          22 7893916

Mobile phone:                602 213 812

Fax:                              22 7893916

E-mail:                          p_bukowski@o2.pl

Website:                       www.pro-orto.com.pl

 

Real Estate                   No data

Verification of information on real estate ownership position through the Real Estate

Register is not covered by the standard report.

 

 

Connections:                 Piotr Tadeusz Bukowski

- BUPECO P. BUKOWSKI M. PERŁOWSKI sp. j. w likwidacji NIP

5320100361, ul. Tadeusza 22, 05-420 Józefów

· shareholder

· liquidator

- ASMA POLSKA Sp. z o.o. NIP 5321877407, Wola Ducka, ul.

Mostów 10, 05-408 Glinianka

· shareholder: PLN 7 500,00 (15,00%)

- POLSKA FUNDACJA OCHRONY DZIEDZICTWA KULTURY NIP

5242305042, ul. Tadeusza 25, 05-420 Józefów

· member of supervisory board

 

Data concerning connections are valid as at: 25.03.2014.

 

 

General information        The subject company takes part in the program "Rzetelna Firma" conducted under the auspices of the National Debt Register. As on 17.04.2014 the company had no overdue debts registered in the National Debt Register conducted by Biuro Informacji Gospodarczej S.A. which fulfil the conditions determined in the Act from 09.04.2010 on availability and exchange of economic information (Journal of Laws No. 81, section 530).

 

The subject has not decided to cooperate in elaboration of the report.

 

Banks                           Names of banks were not disclosed

 

Payment Manner           In available sources, payment delays have not been noted

 

Credit capability             Business connections should not be refused, credits require security

Due to no insight into financial situation of the company


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.34

UK Pound

1

Rs.101.41

Euro

1

Rs.83.38

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NNA

 

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.