MIRA INFORM REPORT

 

 

Report Date :

12.02.2014

 

IDENTIFICATION DETAILS

 

Name :

DELMAR D.O.O.

 

 

Registered Office :

Industrijska cesta 12, 6310 Izola-Isola

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2012 

 

 

Date of Incorporation :

14.01.1991

 

 

Com. Reg. No.:

10186600

 

 

Legal Form :

Limited liability company (Ltd.)

 

 

Line of Business :

Wholesale of other food, including fish, crustaceans and molluscs.

 

 

No. of Employees :

129

 

 

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

 

 

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 – December 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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

 

 

 

Company name and address

 

DELMAR d.o.o.                                                                                                       

Industrijska cesta 12,

6310 Izola-Isola

 

Phone: 05 663 27 00

Telefax: 05 663 27 18

E-Mail: komerciala@delmar.si

Web: www.delmar.si

 

 

Company details

 

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

Established on  14/01/1991 - Joined stocked Company                            

05/07/2000 - d.o.o. - Limited liability company (Ltd.)

last entry on 16.07.2013

 

on 28.9.2009 incorporation of the company Frigomar

d.o.o.(co.Nu.5540569)

 

on 4.12.2007 Frigomar d.o.o. incorporation of the company

BONEX d.o.o. Izola

 

on 23.5.2003 incorporation of the company YETI trgovina,

proizvodnja,  uvoz, izvoz d.o.o. LJubljana and change of legal

form from Joined stocked Company into  Limited liability

company (Ltd.)

 

(on all owners shares are pawn rights registered)

 

Registered on   05/07/2000, Koper, Registration number: 10186600               

                                                                                

Tax number: SI96725966

Company number: 5462002

Registered                                          EUR          666.095,68

capital

on 12.1.2011 increase of capital

 

Owner           Jožef Skočaj                        EUR          241.119,04    

                Kajuhova ulica 15, 6310 Izola-Isola                             

                Vladimir Lukežič                    EUR          241.119,04    

                Drevored 1.maja 6, 6310 Izola-Isola                             

                Vesna Gačnik Katonar                EUR           54.478,35    

                Prešernova cesta 2, 6310 Izola-                                

                Isola                                                           

                Iztok Palčič                        EUR           43.535,67    

                Šared 37a, 6310 Izola-Isola                                    

                Stanka Turk                         EUR           43.277,55    

                Jagodje, Sončna pot 4, 6310 Izola-                             

                Isola                                                          

                Veronika Hrvatič                    EUR           35.977,60    

                Ulica Sergeja Mašere 1, 6310 Izola-                            

                Isola                                                          

                Slavica Sovdat                      EUR            6.588,43    

                Gregorčičeva ulica 34, 6310 Izola-                             

                Isola                                                          

Manager         Iztok Palčič                                                    

                Šared 37a, 6310 Izola-Isola                                    

                director                                                       

                Jožef Skočaj                                                   

                Kajuhova ulica 15, 6310 Izola-Isola                            

                confidential clerk                                             

                Vladimir Lukežič                                               

                Drevored 1.maja 6, 6310 Izola-Isola                            

                confidential clerk                                             

General data    company activity:                                              

                                                                               

                 wholesale of other food, including fish, crustaceans and      

                molluscs , fish processing                                     

                                                                               

                Headquarters and business premieses are located on the address 

                above,                                                          

                production  premises are located in Tovarniška 13, Izola (on   

                lease),                                                        

                29  fishshops are located in entire Slovenia                    

                Main activity:                                                 

                Wholesale of other food, including fish,                (46.38)

                crustaceans and molluscs (NACE 2)                               

                Export:                                                        

                Italy                                                          

                Croatia                                                        

                Import:                                                        

                Italy                                                          

                Spain                                                          

                Greece                                                          

                Denmark                                                        

                Netherlands                                                    

                Germany                                                         

                                                                               

                Residence address:                                             

                Industrijska cesta 12, 6310 Izola-Isola                        

                Phone:                                                         

                05 663 27 00                                                   

                Telefax:                                                        

                05 663 27 18                                                   

                E-Mail:                                                        

                komerciala@delmar.si                                            

                Web:                                                           

                www.delmar.si                                                  

Other          

activities     

Employees       2008    100 employees                                           

                2009    107 employees                                          

                2010    139 employees                                          

                2011    139 employees                                           

                2012    139 employees                                          

                2013    129 employees                                          

Annual turnover 2007            Enterprise turnover EUR        10.528.267,-    

                2008            Enterprise turnover EUR        10.696.517,-    

                2009            Enterprise turnover EUR        10.169.803,-    

                2010            Enterprise turnover EUR        11.752.141,-    

                2011            Enterprise turnover EUR        12.716.340,-    

                2012            Enterprise turnover EUR        11.340.824,-    

 

Property        Company's property: Land                                       

                 per 31.12.2012                                                

                SI-6310 Izola-Isola, Industrijska cesta 12                     

                Book value: 502.618,- EUR (Official source)                    

                                                                                

                Company's                                                      

                property: Buildings                                            

                                                                                

                 per 31.12.2012                                                

                SI-6310 Izola-Isola, Industrijska cesta 12                     

                Book value: 2.787.520,- EUR (Official source)                   

                                                                               

                Company's property: truck                                      

                25 piece                                                        

                SI-6310 Izola-Isola, Industrijska cesta 12                     

Remarks         full name of the company:                                      

                DELMAR, promet z ribo, d.o.o.                                  

                                                                       

                                                                            

                negative capital                                               

                                                                                

                                                                               

Interests       Iztok Palčič:                                                  

                FRIGOMAR, d.o.o. Izola              Owner                      

                (Statistical number: 5540569)                                  

                FRIGOMAR, d.o.o. Izola              Manager                    

                (Statistical number: 5540569)                                   

                Stanka Turk:                                                   

                FRIGOMAR, d.o.o. Izola              Owner                      

                (Statistical number: 5540569)                                   

                Vesna Gačnik Katonar:                                          

                FRIGOMAR, d.o.o. Izola              Owner                      

                (Statistical number: 5540569)                                  

Bank relations  NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA:                        

                Central address: SI Trg republike 2, 1520 Ljubljana            

                Account number: 022360013811295                                

                                                                                

                HYPO ALPE-ADRIA-BANK d.d.:                                     

                Central address: SI Dunajska cesta 117, 1000 Ljubljana         

                Account number: 330009672596618                                

                                                                               

                BANKA KOPER d.d.:                                              

                Central address: SI Pristaniška 14, 6502 Koper                 

                Account number: SI56 1010 0002 8187 807                        

                Account number: SI56 101000049478919                           

Terms of        Mostly within agrees terms, but partly also                (32)

payment         delayed                                                        

Business        Business connection are not denied                         (42)

connection                                                                      

 

A. The enclosed balance of 2012 is originated from official source, it is not  

authenticated by the auditor. (31.12.2012 - 1 EUR)                             

B. The enclosed balance of 2011 is originated from official source, it is not  

authenticated by the auditor. (31.12.2011 - 1 EUR)                             

C. The enclosed balance of 2010 is originated from official source, it is not  

authenticated by the auditor. (31.12.2010 - 1 EUR)                             

D. The enclosed balance of 2009 is originated from official source, it is      

authenticated by the auditor . (31.12.2009 - 1 EUR)                            

balance                                                 A                      B                      C                      D

                                                            31.12.2012        31.12.2011        31.12.2010        31.12.2009

ASSETS (AKTIVA)                                 6.069.278          9.911.651          7.079.640          7.255.040

LONG-TERM ASSETS                           3.813.877          6.326.262          4.211.750          4.289.277

Intangible assets and                             26.440              37.030              48.050              200.728

long-term deferred costs                                                  

and accrued revenues                                                      

Intangible assets                                    26.440              37.030              48.050              200.728

Long-term deferred costs                        0                      0                      0                      0

and accrued revenues                                                      

Tangible fixed assets                              3.787.437          6.289.232          4.163.700          4.078.167

Long-term financial                                 0                      0                      0                      10.382

investments and Real                                                      

estate investments                                                        

Investment property                                0                      0                                  0                      0

Long-term financial                                 0                      0                      0                      10.382

investments                                                               

Long-term operating                               0                      0                      0                      0

receivables                                                               

Deferred receivables for                           0                      0                      0                      0

taxes                                                                      


>SHORT-TERM ASSETS                       >2.240.513        >3.565.604        >2.848.295        >2.945.924

Assets (group for                                   0                      0                      0                      0

estrange) for sell                                                         

Inventories                                             791.132             1.520.498          1.378.246          1.252.491

Short-term financial                                0                      8.953                8.953                57.392

investments                                                               

Short-term operating                               1.433.899          2.026.579          1.453.778          1.568.812

receivables                                                               

Cash assets                                          15.482              9.574                7.318                67.229

>Short-term deferred                              >14.888            >19.785            >19.595            >19.839

costs and accrued revenues                                                

Off-balance sheet items                          295.018             1.800.000          2.568.778          2.251.557

>LIABILITIES                                         >6.069.278        >9.911.651        >7.079.640        >7.255.040

>CAPITAL                                                         >-536.216          >2.820.700        >779.702           >875.118

Called-up capital                                    666.096             666.096             666.096             266.096

Basic (subscribed) capital                       666.096             666.096             666.096             266.096

Non called-up capital                              0                      0                                  0                      0

(deductive item)                                                          

 Capital reserves                                    73.835              73.835              514.309             514.309

Reserves from profit                                39.772              39.772              97.712              403.765

Surplus from revaluation             0                      2.312.514           0                      0

Retained net                                                      -271.523             0                     0                      -66.552

Net business result for                            -1.044.396         -271.517            -495.415            -242.500

the business year                                                         

>PROVISIONS AND LONG-TERM          >151.167           >151.167           >158.525           >183.748

ACCRUED COSTS AND                                                          

DEFERRED REVENUES                                                         

>FINANCIAL AND BUSINESS                >6.439.192        >6.931.898        >6.136.877        >6.185.377

LIABILITIES                                                                

LONG-TERM LIABILITIES                       2.872.095          2.990.586          1.824.764          1.013.259

Long-term financial                                 2.872.095          2.990.586          1.824.764          888.259

liabilities                                                                

Long-term operating                               0                      0                      0                      125.000

liabilities                                                               

Deferred liabilities for                              0                      0                      0                      0

taxes                                                                      

>SHORT-TERM LIABILITIES       >3.567.097        >3.941.312        >4.312.113        >5.172.118

Liabilities, included in                             0                      0                      0                      0

groups for estrange                                                        

Short-term financial                                952.004             933.497             1.984.297          2.831.409

liabilities                                                               

Short-term operating                               2.615.093          3.007.815          2.327.816          2.340.709

liabilities                                                               

SHORT-TERM ACCRUED COSTS        15.135                 7.886                4.536                10.797

AND DEFERRED REVENUES                                                      

Off-balance sheet items                          295.018             1.800.000          2.568.778          2.251.557

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 authenticated by the auditor . (31.12.2009 - 1 EUR)              

 

profit and loss account                                       A                      B                      C                      D

                                                            31.12.2012        31.12.2011        31.12.2010        31.12.2009

>Net sales                                            >11.480.312      >12.685.680      >11.564.282      >10.067.280

>Changes in the value of                         >-197.043          >-25.026           >96.313            >22.073

inventories of products                                                   

and work-in-process                                                       

>Capitalised own products                      >0                    >0                    >0                    >0

and own services                                                          

>Other operating revenues                      >9.168              >250                 >307                 >20.629

(with subventions,                                                        

grants,...)                                                                

>GROSS OPERATING YIELD                >11.292.437      >12.660.904      >11.660.902      >10.109.982

>Cost of goods, material                         >9.127.785        >10.045.036      >9.367.263        >8.126.598

and services                                                               

Purchase value of goods                         7.851.413          8.803.693          8.117.930          7.065.895

and materials sold and                                                    

cost of material and cost                                                  

of material used                                                          

Cost of services                                                 1.276.372          1.241.343          1.249.333          1.060.703

>Labour cost                                         >2.373.744        >2.431.112        >2.397.813        >1.913.196

Cost of wages                                                    1.695.210          1.777.084          1.760.994          1.427.884

Cost of pension insurance                       168.156             175.792             167.400             131.486

Cost of other social                                123.339             129.264             129.141             104.066

insurance                                                                 

Other labour cost                                   387.039             348.972             340.278             249.760

>Write-offs                                            >448.044           >244.089           >233.623           >207.740

Depreciation                                          234.611             244.089             233.623             204.569

Revaluation operating                             0                      0                      0                      0

expenses for non-tangible                                                 

assets and tangible fixed                                                  

assets                                                                    

Revaluation operating                             213.433             0                      0                      3.171

expenses for current                                                       

assets                                                                    

Other operating expenses                       31.621              29.841              28.595              17.971

OPERATING REVENUES                      11.489.480        12.685.930        11.564.589        10.087.909

>OPERATING EXPENSES                     >11.981.194      >12.750.078      >12.027.294      >10.265.505

>OPERATING RESULT                          >-491.714          >-64.148           >-462.705          >-177.596

>EBIT                                                   >-688.757          >-89.174           >-366.392          >-155.523

Financial income from                            27                     0                      0                      0

investments in other                                                      

enterprises                                                               

Financial income from                            20                     11                     0                      0

loans                                                                     


Financial income from                            30.699              39.517              39.058              40.254

operating receivables                                                      

Financial expenses from                         9.942                0                      0                      0

depreciation and write-                                                   

offs of financial                                                         

investments                                                               

Financial expenses from                         201.157             209.860             186.322             87.680

financial liabilities                                                     

Financial expenses from                         190.840             22.420              27.454              58.466

operating liabilities                                                     

Financial income                                    30.746              39.528              39.058              40.254

Financial expenses                                401.939             232.280             213.776             146.146

Other revenues                                      17.641              15.908              52.181              19.567

Other expenses                                     2.087                5.499                6.486                652

Total revenues                                       11.340.824        12.716.340        11.752.141        10.169.803

>Total costs                                          >12.385.220      >12.987.857      >12.247.556      >10.412.303

Total business result                              -1.044.396          -271.517           -495.415            -242.500

>Tax on profit                                        >0                    >0                    >0                    >0

Deferred taxs                                         0                      0                      0                      0

Net business result for                            -1.044.396         -271.517            -495.415            -242.500

the accounting period                                                     

         

                                                   

Financial ratios

   

Name                           Ref.                  31/12/2012        31/12/2011        31/12/2010        31/12/2009

Equity ratio                    1                      0,11                  0,07                  0,09                  0,04

Cleared equity ratio        2                      0,11                  -0,22                 0,09                  0,04

Current liquidity 3                      0,63                  0,90                  0,66                  0,57

Quick liquidity                4                      0,41                  0,52                  0,34                  0,33

Working capital              5                      -1326584,00      -375708,00        -1463818,00      -2226194,00

Gearing                         6                      9,11                  14,88                10,63                27,26

Cleared gearing 7                      5,74                  -2,38                 5,72                  13,98

Profitability                    8                      -9,21                 -2,14                 -4,22                 -2,38

Operating profitability      9                      -9,21                 -2,14                 -4,22                 -2,38

Stock days                    10                     25,46                43,64                42,81                44,95

Debtor days                   11                     46,15                58,17                45,15                56,31

Supplier days                12                     84,17                86,33                72,30                84,01

 

Copyright:      This information is addressed exclusively to addresse. We don't assume responsibility for negligence referring to the content of this information.  On behalf of the objective information, please inform us if you have different observations.

Creditreform,                                                                  

d.o.o.,                                                                        

Slovenia                                                                       


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.43

UK Pound

1

Rs.102.48

Euro

1

Rs.85.28

 

 

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

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NB

                                       New Business

 

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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.