MIRA INFORM REPORT

 

 

 

 

Report Date :

26.08.2014

 

IDENTIFICATION DETAILS

 

Name :

METAL RAVNE D.O.O.

 

 

Formerly Known As :

S_Z METAL RAVNE d.o.o.

 

 

Registered Office :

Koroˇska cesta 14, 2390 Ravne na Koroˇskem

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

17.12.1992

 

 

Com. Reg. No.:

10727000

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Manufacture of basic iron and steel and of ferro-alloys      

 

 

No. of Employees :

1022

 

 

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 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

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 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 have 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 December 2007, Slovenia was invited to begin the accession process for joining the OECD. 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 world recession caused the economy to contract - through falling exports and industrial production - by 8%, and unemployment to rise. Although growth resumed in 2010, the unemployment rate continued to rise, approaching 11% in 2011.

 

Source : CIA

 

 

 

 

Company identification

 

METAL RAVNE D.O.O.                                     

Koroˇska cesta 14                                             

2390 Ravne na Koroˇskem                                 

Slovenia                                               

 

Phone 02 870 70 00

Telefax 02 870 70 06

E-Mail info@metalravne.com

Web www.metalravne.com

 

Crefo Nr.           9270000157

Registration:      Slovenj Gradec

Statistical Nr.    5686482

Registration Nr.   10727000

Tax Nr.              SI64537641

Status               Active

 

Economic situation

 

Business connection    Business connection appear premissable             (31)

Terms of payment        No complaints, but occasional delays                  (31)

 

Basic information

 

Legal form

d.o.o. - Limited liability company (Ltd.)

 

Founded

17/12/1992 as d.o.o. - Limited liability company (Ltd.)

 

last entry on 27.12.2011

on 02/07/2005 change of company's name from S_Z METAL RAVNE d.o.o.

into METAL RAVNE d.o.o.

01/16/2004 incorporation of company _ZELEZARNE RAVNE-VIP d.o.o.

 

Registration

 

23/12/1992, Slovenj Gradec, 10727000

Statistical Nr.: 5686482

Tax Nr.: SI64537641

 

Owners and Capital

 

Crefo Nr.                      Name / Address / Status                       From                            Share

Owner

9270001583                   SIJ, d.d., Ljubljana                                                                  31.714.238 EUR

Statistical Nr.: 5046432

Gerbiˇceva ulica 98, 1000 Ljubljana Slovenia

Phone Nr.: 01 242 98 00

Fax: 01 242 98 55

E-mail: info@sij.si

WWW: www.sij.si

 

Total capital                                                                                                                31.714.238 EUR

 

Registered capital

 

Date                             Currency                      Value

EUR                             31.714.238

 

 

Management

 

Crefo Nr.                                  Name / Address / Status                       Since               Power of attorney

Manager

9270025744                               director

Andrej Gradiˇsnik

Pod Gonjami 131, 2391 Prevalje Slovenia

 

Company addresses

 

Valid from                                Residence address                                                      Valid until

Koroˇska cesta 14, 2390 Ravne na Koroˇskem, Slovenia

Phone: 02 870 70 00

Telefax: 02 870 70 06

E-Mail: info@metalravne.com

 

Subsidiaries

 

Crefo Nr.                                  Name / Address / Status                       Valid from                    Share

Head shareholders

9270032054                               KLS LJUBNO d.d.                                                                     2%

Statistical Nr.: 5075335

Loke 36, 3333 Ljubno ob Savinji Slovenia

Owner

9270024630                               SERPA d.o.o.                                                                           21.322,03EUR

Statistical Nr.: 5754593

Koroˇska cesta 14, 2390 Ravne na Koroˇskem

Slovenia

 

9270000657                               SZˇ -STROJI IN TEHNOLOSˇKA OPREMA d.o.o.                     772.941,96 EUR

Statistical Nr.: 5439205

Koroˇska cesta 14, 2390 Ravne na Koroˇskem

Slovenia

 

9270035501                               RAVNE STEEL CENTER d.o.o.                                                  208.646 EUR

Statistical Nr.: 1906887

Litostrojska cesta 60, 1000 Ljubljana Slovenia

 

Business activities

 

Main activity                                                                            Nace

Manufacture of basic iron and steel and of ferro-alloys                   24.10

Additional activities                                                                 Nace

 

Business activity is production of stainless steel, black metallurgy

Headquarters and business premises are located on the address above

 

Economic data

 

Turnover and Employees

Date                                                     Turnover                                  Employees

2007                                                     170.275.957 EUR                       995

2008                                                     185.082.459 EUR                       1020

2009                                                      83.958.176 EUR                       928

2010                                                     140.444.951 EUR                       941

2011                                                     179.081.829 EUR                       940

2012                                                                                                     1022

 

Import / Export

 

Import                                      Export

Percentage                                          Unknown                                   Unknown

Countries                                             European Union, China               European Union, USA

 

Properties

 

Name               Detail                                                               Currency                      Value

Business

Premises          Company’s property                                                                               Unknown

Koroˇska cesta 14, Ravne na Koroˇskem 2390,

Slovenia

Land                 Company’s property                                                                               EUR 2.513.609

per 31.12.2010

Buildings           Company’s property                                                                               EUR 17.194.115

per 31.12.2010

 

Supplementary data

 

Remarks

Full name of company:

METAL RAVNE podjetje za proizvodnjo plemenitih jekel d.o.o.

 

Quality standards:

EN ISO 9001 and 14001

 

Participation in capital:

KOPO international New Jersey, USA (100% share)

IUENNA Stahl, Bleiburg Austria (100% share)

SERPA d.o.o. Slovenia (85.61% share)

Ravne steel center Slovenia(100% share)

(stand per 31.12.2011)

 

Banks

 

Code                Bank name / Address                                                                           Account Nr.

122                   ABANKA VIPA d.d.                                                                                SI56 051008013129233

Slovenska cesta 58, 1517 Ljubljana , 1517,

106                   BANKA KOPER d.d.                                                                              10100-0034642769

Pristaniˇska 14, 6502 Koper , 6502,

126                   BANKA SPARKASSE d.d.                                                                     SI56 3400 0101 4646

Cesta v Kleˇce 15, 1000 Ljubljana , 1000,                                                  651

120                   HYPO ALPE-ADRIA-BANK d.d.

                         Dunajska cesta 117, 1000 Ljubljana , 1000,                                              25100-9700230145

102                   NOVA KREDITNA BANKA MARIBOR d.d.                                               04870-0000217271

Ulica Vita Kraigherja 4, 2505 Maribor , 2505,

100                   NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA                                     02470-0019185172

Trg republike 2, 1520 Ljubljana , 1250,

114                   PROBANKA d.d.                                                                                   25100-9700230145

Trg Leona Sˇ tuklja 12, 2000 Maribor , 2000,

124                   RAIFFEISEN BANKA d.d.                                                                      24302-9003729513

Slovenska ulica 17, 2000 Maribor , 2000,

104                   SKB BANKA d.d. LJUBLJANA                                                                03100-1002105063

Ajdovˇsˇcina 4, 1513 Ljubljana , 1513,

 

Main indices

 

Payment experience and credit opinion

Terms of payment                    No complaints, but occasional delays                  (31)

Business connection                Business connection appear premissable             (31)

 

Business development

Company development Positive                       (20)

Business course good                                       (20)

 

Events

 

No negative events registered.

 

Balances

 

Balance

31.12.2011 The enclosed balance of 2011 is originated from official source, it is authenticated by the auditor .

31.12.2010 The enclosed balance of 2010 is originated from official source, it is authenticated by the auditor .

31.12.2009 The enclosed balance of 2009 is originated from official source, it is authenticated by the auditor .

31.12.2008 The enclosed balance of 2008 is originated from official source, it is authenticated by the auditor .

 

 

A           B           C           D

                            31.12.2011  31.12.2010  31.12.2009  31.12.2008

ASSETS (AKTIVA)            199.449.728 181.171.179 156.511.271 180.501.179

LONG-TERM ASSETS           105.111.533  92.843.156  98.510.514  88.431.988

Intangible assets and        1.142.968   1.136.457   1.510.929      25.656

long-term deferred costs                                                  

and accrued revenues                                                       

Intangible assets            1.142.968       4.133   1.510.929      25.656

Long-term deferred costs             0   1.132.324           0           0

and accrued revenues                                                      

Tangible fixed assets       97.872.574  86.110.800  90.803.248  85.933.241

Long-term financial          5.338.878   3.400.007   3.310.078   1.534.729

investments and Real                                                      

estate investments                                                         

Investment property                  0     197.266     221.916     246.567

Long-term financial          5.338.878   3.202.741   3.088.162   1.288.162

investments                                                                

Long-term operating            155.054           0     176.934     220.864

receivables                                                               

Deferred receivables for       602.059   2.195.892   2.709.325     717.498

taxes                                                                      

>SHORT-TERM ASSETS         >94.087.981 >88.307.358 >56.502.369 >92.063.168

Short-term assets                                                        0

(without Short-term                                                        

deferred costs and                                                        

accrued revenues)                                                         

Assets (group for                    0           0           0           0

estrange) for sell                                                        

Inventories                 53.562.289  43.873.411  31.832.602  49.356.045

Short-term financial         1.031.415           0   2.220.364      22.680

investments                                                                

Short-term operating        39.252.587  36.595.173  21.836.089  39.473.901

receivables                                                               

Cash assets                    241.690   7.838.774     613.314   3.210.542

>Short-term deferred          >250.214     >20.665  >1.498.388      >6.023

costs and accrued revenues                                                

Off-balance sheet items              0           0           0           0

>LIABILITIES               >199.449.728 >181.171.179 >156.511.271 >180.501.179

>CAPITAL                   >79.540.429 >70.419.673 >71.652.317 >80.024.040

Called-up capital           31.714.238  31.714.238  31.714.238  31.714.238

Basic (subscribed) capital  31.714.238  31.714.238  31.714.238  31.714.238

Non called-up capital                0           0           0           0

(deductive item)                                                          

 Capital reserves               30.478      30.478      30.478      30.478

Reserves from profit         3.140.946   3.259.813   3.140.946   3.140.946

Surplus from revaluation       123.678           0     137.969     244.660

Retained net                35.415.144  35.415.144  36.628.686  31.342.790

Net business result for      9.115.945           0           0  13.550.928

the business year                                                         

>PROVISIONS AND LONG-TERM   >3.898.728  >4.028.322  >4.194.439  >4.298.694

ACCRUED COSTS AND                                                          

DEFERRED REVENUES                                                         

>FINANCIAL AND BUSINESS    >114.589.110 >105.648.874 >79.901.052 >94.536.999

LIABILITIES                                                                

LONG-TERM LIABILITIES       41.357.221  43.750.346  39.331.454  35.510.951

Long-term financial         41.306.434  43.635.768  39.154.520  35.290.087

liabilities                                                               

Long-term operating             50.787     114.578     176.934     220.864

liabilities                                                               

Deferred liabilities for             0           0           0           0

taxes                                                                      

>SHORT-TERM LIABILITIES    >73.231.889 >61.898.528 >40.569.598 >59.026.048

Liabilities, included in             0           0           0           0

groups for estrange                                                        

Short-term financial        22.885.580  27.911.211  21.574.163  24.759.475

liabilities                                                               

Short-term operating        50.346.309  33.987.317  18.995.435  34.266.573

liabilities                                                                

SHORT-TERM ACCRUED COSTS     1.421.461   1.074.310     763.463   1.641.446

AND DEFERRED REVENUES                                                     

Off-balance sheet items              0           0           0           0

 

A. The enclosed profit and loss account of 2011 is originated from official    

source, it is authenticated by the auditor . (31.12.2011 - 1 EUR)              

 

B. The enclosed profit and loss account of 2010 is originated from official    

source, it is authenticated by the auditor . (31.12.2010 - 1 EUR)              

 

C. The enclosed profit and loss account of 2009 is originated from official    

source, it is authenticated by the auditor . (31.12.2009 - 1 EUR)               

 

D. The enclosed profit and loss account of 2008 is originated from official    

source, it is authenticated by the auditor . (31.12.2008 - 1 EUR)          

 

 

profit and loss account            A           B           C           D

                            31.12.2011  31.12.2010  31.12.2009  31.12.2008

>Net sales                 >167.926.024 >129.535.624 >93.918.497 >179.473.317

>Changes in the value of    >8.825.647  >7.726.443 >11.307.418            

inventories of products                                                    

and work-in-process                                                       

>Capitalised own products           >0          >0          >0            

and own services                                                           

>Other operating revenues   >2.050.448  >2.948.402  >1.179.897            

(with subventions,                                                        

grants,...)                                                               

>GROSS OPERATING YIELD     >178.802.119 >140.210.469                        

>Cost of goods, material   >129.379.533 >102.506.616 >63.828.795 >116.818.920

and services                                                              

Purchase value of goods              0           0           0            

and materials sold and                                                    

cost of material and cost                                                 

of material used                                                           

Cost of services                     0           0           0  16.638.960

>Labour cost               >26.048.272 >22.473.935 >19.549.131 >24.516.261

thereof wages                                                   16.640.803

Cost of wages               18.334.013  10.446.539  10.918.986            

Cost of pension insurance            0           0   3.814.354            

Cost of other social         4.116.200   8.868.126   2.145.803            

insurance                                                                  

Other labour cost            3.598.059   3.139.270   2.669.988            

>Write-offs                 >8.184.944  >9.159.159  >6.726.172            

Depreciation                 8.184.944   8.088.572   6.726.172   4.592.426

Revaluation operating                0           0           0            

expenses for non-tangible                                                 

assets and tangible fixed                                                 

assets                                                                     

Revaluation operating                0   1.070.587           0            

expenses for current                                                      

assets                                                                     

Other operating expenses     1.659.430     131.951   2.498.822   1.501.289

write-off of working                                                     0

means (revaluation                                                        

expenses)                                                                  

OPERATING REVENUES         169.976.472 132.484.026             184.448.076

Financial Revenues from                                        179.400.213

salles of goods, services                                                  

and materials                                                             

>OPERATING EXPENSES        >165.272.179 >134.271.661             >164.067.856

>OPERATING RESULT           >4.704.293 >-1.787.635                         

>EBIT                      >13.529.940  >5.938.808 >-8.811.944 >19.979.462

Financial income from                                        0            

investments in other                                                      

enterprises                                                                

Financial income from                                  167.200            

loans                                                                     

Financial income from                                        0            

operating receivables                                                     

Financial expenses from                                      0            

depreciation and write-                                                    

offs of financial                                                         

investments                                                               

Financial expenses from                              1.718.160            

financial liabilities                                                      

Financial expenses from                                      0            

operating liabilities                                                     

Financial income               279.710     234.482     167.200      18.186

Financial expenses           2.658.464   1.892.501   1.718.160   2.861.967

Other revenues                       0           0           0           0

Other expenses                       0           0         647           0

Total revenues             179.081.829 140.444.951  83.958.176 185.192.988

>Total costs               >167.930.643 >136.164.162 >94.321.727 >168.057.307

Total business result       11.151.186   4.280.789 -10.363.551  17.135.681

>Tax on profit                >436.597     >-4.811          >0  >3.650.068

Deferred taxs                1.598.644     518.244  -2.026.356     -65.316

Net business result for      9.115.945   3.767.356  -8.337.195  13.550.929

the accounting period                                                      

                                                               

Ratios                                     2008    2009    2010    2011

                Equity ratio               0,18     0,2    0,18    0,16

                Cleared equity ratio       0,17     0,2    0,18    0,16

                Current liquidity          1,56    1,39    1,43    1,28

                Quick liquidity            0,72    0,61    0,72    0,55

                Working capital         33037120 15932771 26408830 20856092

                Gearing                    5,69    4,93    5,71    6,29

                Cleared gearing            1,91    1,92    2,26    2,03

                Profitability              9,25  -12,34    3,05    6,23

                Operating profitability    7,32   -9,93    2,68    5,09

                Stock days                97,28     138     114     109

                Debtor days                77,8   94,93   95,11      80

                Supplier days             67,54   82,58   88,33     103

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.42

UK Pound

1

Rs.100.11

Euro

1

Rs.79.74

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

 

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