MIRA INFORM REPORT

 

 

Report Date :

09.08.2014

 

IDENTIFICATION DETAILS

 

Name :

EUROFIRANY B.B.

 

 

Registered Office :

Choczyńscy Spółka Jawna, ul. Sienkiewicza 81, 34-300 Żywiec

 

 

Country :

Poland

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

04.11.2005

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Import and Sale of Curtains, Draperies and Other Window Decorations, Artistic Ceramics, Decorative Articles, Towels.

 

 

No. of Employees :

300 [2013]

 

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 :

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Poland

B1

A2

 

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 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 & address

 

EUROFIRANY B.B.

Choczyńscy Spółka Jawna

ul. Sienkiewicza 81

34-300 Żywiec

Phone:    33 8652366

Fax:        33 8652501

E-mail:   eurofirany@eurofirany.com.pl

Website: www.eurofirany.com.pl

 

 

Company Summary

 

 

 

 

 

Legal form

General partnership

(3)

Stat.no.

240238276

 

Tax ID

PL 5532336625

 

 

 

 

 

 

 

 

Establishment

04.11.2005

(3)

 

 

 

 

 

 

Registration:

01.12.2005, District Court Bielsko-Biała, VIII Department, KRS 246287

 

 

 

 

 

 

 

Shareholders

Bogusława Choczyńska , personal ID no. (PESEL) 64061506824, ul. Kleeberga 13, 34-300 Żywiec
Bogusław Edward Choczyński , personal ID no. (PESEL) 58120402815, ul. Kleeberga 13, 34-300 Żywiec

 

 

 

 

 

 

 

 

 

 

 

 

 

Representation Authority

Bogusław Edward Choczyński , personal ID no. (PESEL) 58120402815, ul. Kleeberga 13, 34-300 Żywiec

Bogusława Choczyńska , personal ID no. (PESEL) 64061506824, ul. Kleeberga 13, 34-300 Żywiec

 

Representation:
Each partner individually.

 

 

 

 

 

 

 

 

Main activity

Import and sale of curtains, draperies and other window decorations, artistic ceramics, decorative articles, towels,


E-shop at http://www.sklep.eurofirany.com.pl/

 

 

Branches NACE 2007:

 

 

Wholesale of textiles

(G.46.41.Z)

 

Other retail

(G.47.51.Z)

 

Preparation and spinning of other textile fibres

(C.13.10.D)

 

Other transportation activities

(H.49.41.Z)

 

Other retail sale in non-specialized stores

(G.47.19.Z)

 

 

 

 

 

 

 

 

 

Employment

2007:              10        employees
2013:              ca. 300       employees

 

 

 

 

 

 

 

Turnover

data not possible to obtain

 

 

 

 

 

 

 

Financial statements

 

 

As at the day the report was prepared, there is no information in the register that the company filed to court the financial statements for the consecutive accounting periods. 
The company is obliged to submit financial statement to court within 15 days from the date of its approval which in turn should occur not later than 6 months form the balance date.
The financial statements for the next years have not been published yet.

 

 

 

 

 

Source of financial data

Court

 

 

 

annual

 

 

Personal balance sheet as at

31.12.2007
(PLN)

 

 

-A. Fixed assets.........................

363 583,69

 

 

-  I.   Intangible assets................

1 695,63

 

 

-    3. Other intangible assets..........

1 695,63

 

 

-  II.  Tangible assets..................

361 888,06

 

 

-    1. Fixed goods......................

361 888,06

 

 

-      b) buildings, premises,
facilities...............................

76 892,17

 

 

-      c) machinery and equipment........

30 237,07

 

 

-      d) fleet of motor vehicles........

245 442,21

 

 

-      e) other fixed goods..............

9 316,61

 

 

-B. Current assets.......................

77 897 129,78

 

 

-  I.   Stock............................

41 759 294,25

 

 

-    4. Goods for re-sale................

41 747 087,96

 

 

-    5. Advance payments ................

12 206,29

 

 

-  II. Short-term receivables............

35 396 552,87

 

 

-    2. Other receivables ...............

35 396 552,87

 

 

-      a) Due to deliveries and
services with payment period:............

26 948 955,45

 

 

-        - up to 12 months...............

26 948 955,45

 

 

-      b) Due to taxes, subsidies,
insurances, duties, etc..................

8 446 731,04

 

 

-      c) Other..........................

866,38

 

 

-  III. Short term investments...........

720 698,31

 

 

-    1. Short-term financial assets......

720 698,31

 

 

-      c) cash and other liquid assets...

720 698,31

 

 

-        - cash in hand and on bank
account..................................

720 698,31

 

 

-IV. Short-term prepayments and accrued
income...................................

20 584,35

 

 

-D. Total assets.........................

78 260 713,47

 

 

-A. Shareholders' equity.................

32 391 132,57

 

 

-  I.   Basic share capital..............

31 601 101,46

 

 

-  VIII. Net profit (loss)...............

790 031,11

 

 

-B. Liabilities and reserves for
liabilities..............................

45 869 580,90

 

 

-III. Short-term liabilities.............

45 869 580,90

 

 

-  2. Other liabilities..................

45 869 580,90

 

 

-    d)Due to deliveries and services
with payment period:.....................

45 808 148,47

 

 

-      - up to 12 months.................

45 808 148,47

 

 

-    g) Due to taxes, subsidies,
insurances, duties, etc..................

56 282,43

 

 

-    h) Due to salaries..................

5 150,00

 

 

-D. Total liabilities....................

78 260 713,47

 

 

 

 

 

 

Source of financial data

Court

 

 

 

annual

 

 

individual PROFIT AND LOSS ACCOUNT

01.01.2007-
31.12.2007
(PLN)

 

 

-A. Income from sales and similar........

538 274,61

 

 

-  I.   Net income on sales..............

744 554,94

 

 

-  IV.  Income from sales of goods and
materials................................

-206 280,33

 

 

-B. Operational costs....................

650 094,08

 

 

-  I.   Depreciation.....................

71 523,52

 

 

-  II.  Materials and energy.............

21 325,43

 

 

-  III. Third party services.............

444 230,67

 

 

-  IV.  Taxes and duties.................

31 906,00

 

 

-  V.   Salaries and wages...............

147 636,73

 

 

-  VI.  Social security..................

30 870,32

 

 

-  VII. Other............................

66 825,95

 

 

-  VIII.Costs of goods and materials
sold.....................................

-164 224,54

 

 

-C. Loss on sale.........................

111 819,47

 

 

-D. Other operating incomes..............

28 571,01

 

 

-  III. Other operating incomes..........

28 571,01

 

 

-E. Other operating costs................

18 917,69

 

 

-  III. Other operating costs............

18 917,69

 

 

-F. Loss on operating activities.........

102 166,15

 

 

-G. Financial incomes....................

945 350,27

 

 

-  II.  Interest received................

34 234,40

 

 

-  V.   Other............................

911 115,87

 

 

-H. Financial costs......................

53 153,01

 

 

-  I.   Interest.........................

52 745,51

 

 

-  IV.  Other............................

407,50

 

 

-I. Profit on economic activity..........

790 031,11

 

 

-K. Gross profit.........................

790 031,11

 

 

-N. Net profit...........................

790 031,11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratios

01.01.2007-
31.12.2007

 

 

 

 

Current ratio

1,70

 

 

 

 

Quick ratio

0,79

 

 

 

 

Immediate ratio

0,02

 

 

 

 

Return on sale

146,77

 

 

 

 

Return on assets

1,01

 

 

 

 

Return on equity

2,44

 

 

 

 

Average trade debtors' days

24 002,14

 

 

 

 

Average stock turnover's days

28 316,67

 

 

 

 

average payables payment period

31 103,82

 

 

 

 

Total indebtedness ratio

58,61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

(G.46.41.Z - NACE 2007), as at :

31.12.2012

31.12.2011

31.12.2010

31.12.2009

31.12.2008

Current ratio............................

2,51

2,12

2,05

2,02

2,39

Quick ratio..............................

1,08

0,84

0,88

1,41

1,82

Immediate ratio..........................

0,10

0,08

0,09

0,09

0,17

Return on sale...........................

4,59

2,30

5,07

4,61

5,32

Return on assets.........................

7,31

3,50

8,07

6,64

7,25

Return on equity.........................

12,73

6,25

15,89

9,35

10,28

Average trade debtors' days..............

63,99

62,20

63,97

78,96

112,90

Average stock turnover's days............

100,14

106,68

98,46

36,45

37,54

average payables payment period..........

70,74

84,92

84,68

62,12

69,94

Total indebtedness ratio.................

42,58

43,93

49,23

28,99

29,51

Percent share in the examinated group
of companies with net profit.............

71,40

70,60

66,70

66,70

72,20

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

318,37

458,95

358,27

816,10

918,30

Average sales/revenue per company in
th. PLN..................................

50 734,00

66 764,12

46 634,50

114 915,24

121 623,61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(G.47.51.Z - NACE 2007), as at :

31.12.2009

31.12.2008

31.12.2007

 

 

Current ratio............................

1,12

0,80

1,55

 

 

Quick ratio..............................

0,29

0,28

0,39

 

 

Immediate ratio..........................

0,06

0,10

0,14

 

 

Return on sale...........................

-0,24

-5,48

2,90

 

 

Return on assets.........................

-0,41

-4,99

4,14

 

 

Return on equity.........................

-1,13

-22,89

6,81

 

 

Average trade debtors' days..............

27,45

52,85

23,57

 

 

Average stock turnover's days............

101,48

145,91

110,60

 

 

average payables payment period..........

122,56

290,52

95,71

 

 

Total indebtedness ratio.................

64,02

78,21

39,20

 

 

Percent share in the examinated group
of companies with net profit.............

50,00

25,00

100,00

 

 

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

397,25

304,10

327,68

 

 

Average sales/revenue per company in
th. PLN..................................

26 914,00

19 386,25

21 627,00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

according to the Central Statistical Office

 

 

 

 

Locations:

seat:
ul. Sienkiewicza 81, 34-300 Żywiec
Phone:                     33 8652366
Fax:                         33 8652501
E-mail:                    agam@eurofirany.com.pl
                               eurofirany@eurofirany.com.pl
Website:                 www.eurofirany.com.pl

affiliates:
ul. Mostowa 2, 43-300 Bielsko-Biała
ul. 11 Listopada 11, 43-300 Bielsko-Biała

 

 

 

 

 

 

 

Real Estate

ul. Sienkiewicza 81, 34-300 Żywiec

business premises of area 20 000 sq m,

 

 

 

Verification of information on real estate ownership position through the Real Estate Register is not covered by the standard report.

 

 

 

 

 

 

 

 

 

 

Shares in other companies

As at 11.07.2014 there are no shares in other companies.

 

 

 

 

 

 

 

 

Connections:

Bogusław Edward Choczyński , personal ID no. (PESEL) 58120402815
-  EUROFIRANY Bogusław Choczyński NIP PL 5530000654, ul. Sienkiewicza 81, 34-300 Żywiec
  · owner


Bogusława Choczyńska , personal ID no. (PESEL) 64061506824
-  EUROFIRANY Bogusława Choczyńska NIP PL 5531529753, ul. Sienkiewicza 81, 34-300 Żywiec
  · owner

 

 

Data concerning connections are valid as at: 11.07.2014.

 

 

 

 

 

 

 

General information

The company has shop all over Poland. 

The company was given many awards and prizes.

The company participates in the program "Rzetelna Firma" (reliable company). As at 05.08.2014 the company had no overdue debts registered in Krajowy Rejestr Długów Biuro Informacji Gospodarczej SA.

 

The subject has not decided to cooperate in elaboration of the report.
Financial data of the company are not being disclosed to the third parties

 

 

 

 

 

Banks

Bank Polska Kasa Opieki SA O. w Żywcu ul.Kościuszki 46  (12404881)
ul. Kościuszki 46, 34-300 Żywiec
Acc.no. 03124048811111000053404271

 Bank BPH SA Centrum Rozliczeniowe  (10600076)
al. Pokoju 1, 31-548 Kraków
Acc.no. 54106000760000320000428764

 

 

 

 

 

 

Payment Manner

In available sources, payment delays have not been noted

(34)

Credit capability

Business connections should not be refused, credits require security

(41)

 

Due to:
- No insight into financial situation of the company
failure to comply with statutory obligations:
avoiding to submit the financial statements in time

 

 

 

 

 

 

 

Note:

The payment capability indices  occurring in Creditreform's reports mean the following:

 

100 - 199 = excellent payment capability

 

200 - 249 = very good payment capability

 

250 - 299 = good payment capability

 

300 - 349 = satisfactory, average payment capability

 

350 - 399 = weak payment capability

 

400 - 499 = very weak payment capability

 

500          = unsatisfactory payment capability

 

600          = lack of payment capability and refusal on trade links

Should you have any questions please contact us ph.: +48(022)4401500.

The information contained in this business report is supplied in strict confidence and in accordance with terms and conditions of business of Creditreform Polska Sp. z o.o. The information must not be disclosed to any third party. Whilst every care has been taken in compiling this report we cannot accept responsibility for any inaccuracies contained therein. This report should not be used as the sole basis for a business decision.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.55

UK Pound

1

Rs.103.50

Euro

1

Rs.82.41

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

TPT

 

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.