MIRA INFORM REPORT

 

 

Report Date :

18.02.2014

 

IDENTIFICATION DETAILS

 

Name :

BORSODCHEM MCHZ, S.R.O.

 

 

Formerly Known As :

BorsodChem - Moravské chemické závody, Ostrava, s.r.o.

 

 

Registered Office :

Chemická 1/2039 , 709 03 Ostrava - Mariánské Hory 

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

15.12.1999

 

 

Com. Reg. No.:

C 9376

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Engaged in manufacturing and selling of products of organic and inorganic chemistry, aniline as well as of special amines

 

 

No. of Employees :

350 (2013)

 

 

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Czech Republic

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

Czech Republic - ECONOMIC OVERVIEW

 

The Czech Republic is a stable and prosperous market economy closely integrated with the EU, especially since the country's EU accession in 2004. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell 4.7% in 2009, with most of the decline occurring during the first quarter. Real GDP, however, slowly recovered with positive quarter-on-quarter growth starting in the second half of 2009 and continuing throughout 2011. In 2012, however, the economy fell into a recession due to a slump in external demand. The auto industry remains the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. Foreign and domestic businesses alike voice concerns about corruption especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy.

 

Source : CIA

 

 

 


Company name & address


BorsodChem MCHZ, s.r.o.

Chemická 1/2039 
709 03 Ostrava - Mariánské Hory 


Telephone:        00420/ 596 641 111
Telefax:             00420/ 596 626 258
E-Mail:              posta@bc-mchz.cz
Web:                www.borsodchem-cz

 

 

 

Company summary

 

Company development

Constant company development

 

 

Order situation

Good course of business

 

Terms of payment

within agreed terms, partly using of cash discount

 

 

Business connection

Business connections appear permissible

 

 

Legal form

Private limited company

 

 

Foundation

15/12/1999 - Private limited company

Comp. Register

15/12/1999, Krajský soud České Budějovice, RegNr.: C 9376
13/07/2000, Krajský soud v Ostravě, RegNr.: C 22763
Statistical number: 26019388
Tax number: CZ26019388

 

Events, negative information

16.02.2011 - lien on the ownership interest of shareholders

Remark: 
Obchodní podíl zastaven ve prospěch zástavního věřitele, společnosti Bank of China (Hungária) Hitelintézet Zártkörűen Működő Részvénytársaság, se sídlem 1054 Budapest, Szabadság tér 7., Maďarská republika, registrační číslo Cg. 01-10-044821, podle smlouvy o zřízení zástavního práva k obchodnímu podílu ze dne 31. ledna 2011 k zajištění pohledávek do výše 1.800.000.000,- EUR s příslušenstvím. 

Share Capital

15/12/1999

CZK

100 000,-

 

 

 

04/05/2000

CZK

865 100 000,-

 

Shareholders

BorsodChem Zrt.
3702 Kazincbarcika, P.O.B.208, Bólyai tér 1, Hungary

CZK

865 100 000,-

 

 

Management

Ing. Přemysl Antecký, MBA (15.01.1959)
Vincence Makovského 4424/3, 708 00 Ostrava, Poruba 
Executive Manager

 

Ing. Vladimír Karkoška, MBA (10.11.1973)
Ondřejnická 1284, 739 11 Frýdlant nad Ostravicí 
Executive Manager

 

Supervisory Board

Hongjie Lu (09.05.1967)
Yulan yuan 1/505, Yantai, Huanghai City Garden, China
chairman of supervisory board

 

István Zoltán Hegedüs (26.10.1978)
Miskolc, Visó köz 5, Hungary

 

 

Márton Döbröczöni (09.01.1976)
03525 Miskolc, Dózsa György 18, Hungary

General Data

Manufacture and sale of products of organic and inorganic chemistry, aniline as well as of special amines. 

Manufactured types of products :
Aniline
Cyklohexylamine
Dicyklohexylamine
Dietyloxalate
Nitric acid
Special amines
- dimetylcyklohexylamine
- pentametyldietylentriamine
- dimetylbenzylamine
- metyldicyclohexylamine

 

 

 

 

 

Former name(s)
DARKIS, s.r.o.
Beginning of validity: 15.12.1999
End of validity: 02.02.2000

 

 

BorsodChem - Moravské chemické závody, Ostrava, s.r.o.
Beginning of validity: 02.02.2000
End of validity: 03.08.2000

 

Trade name(s)
BorsodChem MCHZ, s.r.o.
Beginning of validity: 03.08.2000

 

 

Export:
Hungary
USA
Russia
Indonesia
Switzerland
India
Germany
Belgium
Italy
Spain

95%

 

Import:
Hungary
Slovakia
Poland

 

 

 

General contacts:
telephone:
00420/ 596 641 111
telefax:
00420/ 596 626 258
e-mail:
posta@bc-mchz.cz
Web:
www.borsodchem-cz.

 

Address:
Chemická 1/2039, 709 03 Ostrava - Mariánské Hory 
Beginning of validity: 12.10.2002

 

 

Chemická 1, Ostrava - Mariánské Hory 
Beginning of validity: 31.05.2000
End of validity: 12.10.2002

 

Hradčanská 495, Volyně 
Beginning of validity: 15.12.1999
End of validity: 31.05.2000

 

Staff

2007

516 employees

 

2008

407 employees

 

 

2009

375 employees

 

2010

358 employees

 

 

2011

355 employees

 

2012

350 employees

 

 

2013

350 employees

Annual Sales

2005

actual sales

CZK

4 498 716 000,-

 

 

 

2006

actual sales

CZK

5 199 531 000,-

 

 

2007

actual sales

CZK

5 343 806 000,-

 

 

 

2008

actual sales

CZK

4 273 005 000,-

 

 

2009

actual sales

CZK

2 753 506 000,-

 

 

 

2010

actual sales

CZK

4 563 044 000,-

 

 

2011

actual sales

CZK

4 626 771 000,-

 

 

 

2012

actual sales

CZK

5 221 003 000,-

 

 

2013

projected sales

CZK

5 663 000 000,-

 

 

Property

Property of the company: Business premises 
(verified in the real estate registry)
CZ-709 03 Ostrava, Mariánské Hory , Chemická 2039

 

There exists contractual right of lien.

 

Balance sheets

The enclosed balance of 2012 from business register, -. (31.12.2012 - 1 CZK)
The enclosed balance of 2011 from business register, it is authenticated by the auditor. (31.12.2011 - 1 CZK)
The enclosed balance of 2010 from business register, -. (31.12.2010 - 1 CZK)
The enclosed balance of 2009 from business register, it is authenticated by the auditor. (31.12.2009 - 1 CZK)

 

The enclosed profit/loss account of 2012 from business register, -. (31.12.2012 - 1 CZK)
The enclosed profit/loss account of 2011 from business register, it is authenticated by the auditor. (31.12.2011 - 1 CZK)
The enclosed profit/loss account of 2010 from business register, -. (31.12.2010 - 1 CZK)
The enclosed profit/loss account of 2009 from business register, it is authenticated by the auditor. (31.12.2009 - 1 CZK)

 

Remarks

The company is a holder of ISO 9001 and ISO 14001 certificates.


All the sources of negative data accessible to public (insolvency registers, databases of debtors of health insurance institutions, commercial bulletin, collection database and others) are currently monitored.

 

Business management:
Ing. Přemysl Antecký, MBA – general director - 00420/ 596 642 000
Mgr. Miroslava Jeřábková –staff manager and deputy of general director, 
phone: 00420/ 596 642 400
Ing. Markéta Bartoňová – financial manager, phone: 00420/ 596 643 000
Ing. Vít Procházka – business manager, phone 00420/ 596 642 005
Ing. Radim Frömmer, MBA – production manager, phone: 00420/ 596 643 400
Ing. Jindřich Žák – technical manager, phone: 00420/ 596 643 200

On May 31, 2003 Agreement on deposit of a part of enterprise was concluded between the companies BorsodChem MCHZ, s.r.o. and DUKOL Ostrava, s.r.o.; at the same time, it has come into legal effect. By means of this agreement and by transfer of the part concerned of the enterprise, non-monetary increase from the present amount of CZK 200.000,- by the amount of CZK 49.800.000,- CZK to the new value of share capital amounting to CZK 
50.000.000,- was realized.

On October 29, 2007 another agreement was concluded and it has entered into legal effect on November 1, 2007. To be concrete, it was Agreement on sale of a part of enterprise between the companies BorsodChem MCHZ, s.r.o. as the seller and MAINTEC s.r.o., IČ 26725495, as the purchaser. 
Subject to this agreement was transfer of the part of enterprise defined as part of enterprise – independent organization unit "elektro a MaR" , which serves to secure all the activities connected with complex maintenance of electric equipment as well as of equipment for measuring and regulation. 

On February 12, 2009 Agreement on sale of a part of enterprise between the company Borsod Chem MCHZ, s.r.o. as the seller and the company Messer Technogas s.r.o., Praha 4, IČ 
40764788 as the purchaser has been concluded. At the same time, this agreement has entered into legal effect. Subject to this agreement is transfer of the part of enterprise defined as part of enterprise – independent organization unit „Paradise gas production“ defined in Art. II. Of the Agreement on sale of a part enterprise in question. 

As of January 31, 2011 it the 100% of shares in mother company BorsodChem 
Zrt., Hungary has been transferred by the chemical company Wanhua Industrial Group.

The company is a part of the group First Chemical Holding.

Contact:
ing. Orgoníková – chief accountant, phone: 00420/ 596 643 100, mobile phone: 00420/ 602 560 924

 

Bankers

Raiffeisenbank, a. s. 
Account number: 1241000639/5500

Citibank Europe plc, organizační složka 
Account number: 2044780108/2600

UniCredit Bank Czech Republic and Slovakia, a.s. 
Account number: 1596410004/2700

The Royal Bank of Scotland N.V., organizační složka
Account number: 7510006850/5400
Account number: 180830/5400

Raiffeisenbank, a. s. 
Account number: 000000-1241000655/5500
Account number: 000000-5030012056/5500
Account number: 000000-5030012291/5500

Citibank Europe plc, organizační složka 
Account number: 000000-2044780204/2600

UniCredit Bank Czech Republic and Slovakia, a.s. 
Account number: 000000-1596410012/2700
Account number: 000000-1596410020/2700

The Royal Bank of Scotland N.V., organizační složka
Account number: 000000-7510006869/5400
Account number: 000000-7510006877/5400

 

Copyright:

This information is addressed exclusively to the addressee. Contractor obligates to provide updated information. Although it is always put maximum effort to collect actual and exact information, it is not confirmed as delinquency if there are particular inaccurateness contained within the information, which are not considered as essential in terms of the objective for which the information is provided to the addressee. Contractor and recipient conform to the rules of the Name and Description Security Act, Nub.101/2000. According to the Name and Description Security Act, recipient has the right to process or to use forwarding data only for the purpose for which information has been sent to the recipient. Usage for other purpose is acceptable only in case referring to valid regulations of the above mentioned act.

 

 

 

Financial data

 

 

balance

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

r1

TOTAL ASSETS

2 811 875 000

2 942 140 000

3 045 173 000

3 085 824 000

r2

Receivables for subscriptions

0

0

 

0

r3

Fixed assets

2 034 320 000

1 897 082 000

1 873 787 000

1 912 913 000

r4

Intangible fixed assets

3 312 000

2 556 000

17 599 000

19 263 000

r5

Incorporation expenses

0

0

 

0

r6

Research and development

0

0

 

0

r7

Software

3 312 000

2 556 000

2 391 000

2 243 000

r8

Valuable rights

0

0

 

0

r9

Goodwill

0

0

 

0

r10

Other intangible fixed assets

0

0

12 856 000

15 258 000

r11

Intangible fixed assets under construction

0

0

2 352 000

1 553 000

r12

Advance payments for intangible fixed assets

0

0

 

209 000

r13

Tangible fixed assets

2 031 008 000

1 894 526 000

1 856 188 000

1 893 650 000

r14

Lands

98 722 000

101 596 000

101 796 000

101 796 000

r15

Constructions

910 409 000

871 171 000

881 826 000

842 114 000

r16

Equipment

1 049 506 000

899 805 000

865 909 000

939 925 000

r17

Perennial corps

0

0

 

0

r18

Breeding and draught animals

0

0

 

0

r19

Other tangible fixed assets

488 000

488 000

488 000

455 000

r20

Tangible fixed assets under construction

26 108 000

53 959 000

40 059 000

493 000

r21

Advance payments for tangible fixed assets

0

11 564 000

 

32 590 000

r22

Adjustment to acquired assets

-54 225 000

-44 057 000

-33 890 000

23 723 000

r23

Long-term financial assets

0

0

0

0

r24

Shares in controlled and managed organizations

0

0

 

0

r25

Shares in accounting units with substantial influence

0

0

 

0

r26

Other securities and shares

0

0

 

0

r27

Loans to controlled and managed organizations and to accounting unit with substantial influence

0

0

 

0

r28

Other financial investments

0

0

 

0

r29

Financial investments acquired

0

0

 

0

r30

Advance payments for long-term financial assets

0

0

 

0

r31

Current assets

762 154 000

1 039 131 000

1 165 459 000

1 168 487 000

r32

Inventory

204 414 000

225 396 000

253 193 000

340 033 000

r33

Materials

110 889 000

135 222 000

135 457 000

133 954 000

r34

Work in progress and semi-products

18 692 000

15 855 000

30 514 000

63 383 000

r35

Finished products

68 487 000

65 897 000

80 959 000

129 711 000

r36

Animals

0

0

 

0

r37

Merchandise

0

0

 

12 985 000

r38

Advance payments for inventory

6 346 000

8 422 000

6 263 000

0

r39

Long-term receivables

3 600 000

2 800 000

2 000 000

1 200 000

r40

Trade receivables

3 600 000

2 800 000

2 000 000

1 200 000

r41

Receivables from controlled and managed organizations

0

0

 

0

r42

Receivables from accounting units with substantial influence

0

0

 

0

r43

Receivables from partners, cooperative members and association members

0

0

 

0

r44

Long-term deposits given

0

0

 

0

r45

Estimated receivable

0

0

 

0

r46

Other receivables

0

0

 

0

r47

Deferred tax receivable

0

0

 

0

r48

Short-term receivables

457 745 000

593 004 000

608 524 000

728 003 000

r49

Trade receivables

369 461 000

483 802 000

511 566 000

606 971 000

r50

Receivables from controlled and managed organizations

0

0

 

0

r51

Receivables from accounting units with substantial influence

0

0

 

0

r52

Receivables from partners, cooperative members and association members

0

0

 

0

r53

Receivables from social security and health insurance

0

0

 

0

r54

Due from state - tax receivable

85 734 000

105 358 000

93 442 000

116 984 000

r55

Short-term deposits given

143 000

438 000

305 000

192 000

r56

Estimated receivable

0

11 000

 

0

r57

Other receivables

2 407 000

3 395 000

3 211 000

3 856 000

r58

Short-term financial assets

96 395 000

217 931 000

301 742 000

99 251 000

r59

Cash

261 000

201 000

111 000

220 000

r60

Bank accounts

96 134 000

217 730 000

301 631 000

99 031 000

r61

Short-term securities and ownership interests

0

0

 

0

r62

Short-term financial assets acquired

0

0

 

0

r63

Accruals

15 401 000

5 927 000

5 927 000

4 424 000

r64

Deferred expenses

5 235 000

5 927 000

5 927 000

4 424 000

r65

Complex deferred costs

10 166 000

0

 

0

r66

Deferred income

0

0

 

0

r67

TOTAL LIABILITIES

2 811 875 000

2 942 140 000

3 045 173 000

3 085 824 000

r68

Equity

1 391 654 000

1 435 459 000

1 472 877 000

1 561 698 000

r69

Registered capital

865 100 000

865 100 000

865 100 000

865 100 000

r70

Registered capital

865 100 000

865 100 000

865 100 000

865 100 000

r71

Company’s own shares and ownership interests (-)

0

0

 

0

r72

Changes of registered capital ( +/- )

0

0

 

0

r73

Capital funds

0

0

0

0

r74

Share premium

0

0

 

0

r75

Other capital funds

0

0

 

0

r76

Differences from revaluation of assets and liabilities ( +/- )

0

0

 

0

r77

Differences from revaluation in transformation ( +/- )

0

0

 

0

r78

Reserve funds, statutory reserve account for cooperatives, and other retained earnings

45 077 000

46 703 000

48 837 000

50 718 000

r79

Legal reserve fund / indivisible fund

44 980 000

46 565 000

48 753 000

50 626 000

r80

Statutory and other funds

97 000

138 000

84 000

92 000

r81

Profit / loss - previous years

449 773 000

479 892 000

521 468 000

557 067 000

r82

Retained earnings from previous years

449 773 000

479 892 000

521 468 000

557 067 000

r83

Accumulated losses from previous years

0

0

 

0

r84

Profit / loss - current year (+/-)

31 704 000

43 764 000

37 472 000

88 813 000

r85

Liabilities

1 352 356 000

1 471 766 000

1 534 054 000

1 492 468 000

r86

Reserves

33 841 000

35 988 000

42 813 000

48 082 000

r87

Reserves under special statutory regulations

27 000

27 000

27 000

27 000

r88

Reserves for pension and similar payables

0

0

 

0

r89

Income tax reserves

0

0

 

0

r90

Other reserves

33 814 000

35 961 000

42 786 000

48 055 000

r91

Long-term payables

114 449 000

124 299 000

978 210 000

830 671 000

r92

Trade payables

0

0

 

671 904 000

r93

Payables to controlled and managed organizations

0

0

844 344 000

0

r94

Payables to accounting units with substantial influence

0

0

 

0

r95

Payables from partners, cooperative members and association members

0

0

 

0

r96

Long-term advances received

0

0

 

0

r97

Issues bonds

0

0

 

0

r98

Long-term notes payables

0

0

 

0

r99

Estimated payables

0

0

 

0

r100

Other payables

0

0

 

0

r101

Deferred tax liability

114 449 000

124 299 000

133 866 000

158 767 000

r102

Short-term payables

373 138 000

458 843 000

479 414 000

613 715 000

r103

Trade payables

336 712 000

423 271 000

452 873 000

579 175 000

r104

Payables to controlled and managed organizations

0

0

 

0

r105

Payables to accounting units with substantial influence

0

0

 

0

r106

Payables from partners, cooperative members and association members

0

0

 

0

r107

Payroll

8 476 000

8 410 000

9 234 000

8 586 000

r108

Payables to social securities and health insurance

4 760 000

5 042 000

5 234 000

5 116 000

r109

Due from state - tax liabilities and subsidies

2 040 000

2 133 000

2 215 000

1 985 000

r110

Short-term deposits received

993 000

1 603 000

632 000

2 972 000

r111

Issues bonds

0

0

 

0

r112

Estimated payables

9 373 000

13 248 000

8 396 000

15 037 000

r113

Other payables

10 784 000

5 136 000

830 000

844 000

r114

Bank loans and financial accommodations

830 928 000

852 636 000

33 617 000

0

r115

Long-term bank loans

793 950 000

815 285 000

 

0

r116

Short-term bank loans

36 978 000

37 351 000

33 617 000

0

r117

Short-term accommodations

0

0

 

0

r118

Accruals

67 865 000

34 915 000

38 242 000

31 658 000

r119

Accrued expenses

29 491 000

151 000

6 996 000

3 980 000

r120

Deferred revenues

38 374 000

34 764 000

31 246 000

27 678 000

 

profit/loss account

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

a1

Turnover

2 753 506 000

4 563 044 000

4 626 771 000

5 221 003 000

a2

Revenues from sold goods

30 861 000

3 485 000

5 983 000

18 381 000

a3

Expenses on sold goods

26 290 000

3 398 000

5 221 000

15 460 000

a4

Sale margin

4 571 000

87 000

762 000

2 921 000

a5

Production

2 740 033 000

4 555 558 000

4 671 071 000

5 286 679 000

a6

Revenues from own products and services

2 722 645 000

4 559 559 000

4 620 788 000

5 202 622 000

a7

Change in inventory of own products

10 842 000

-5 373 000

29 761 000

81 659 000

a8

Capitalization

6 546 000

1 372 000

20 522 000

2 398 000

a9

Production consumption

2 248 900 000

3 925 966 000

4 181 332 000

4 825 096 000

a10

Consumption of material and energy

1 958 895 000

3 549 819 000

3 828 400 000

4 481 341 000

a11

Services

290 005 000

376 147 000

352 932 000

343 755 000

a12

Added value

495 704 000

629 679 000

490 501 000

464 504 000

a13

Personnel expenses

194 355 000

196 241 000

195 769 000

193 522 000

a14

Wages and salaries

143 113 000

142 509 000

142 513 000

140 521 000

a15

Renumeration of board members

233 000

222 000

179 000

118 000

a16

Social security expenses and health insurance

47 751 000

50 554 000

50 300 000

49 761 000

a17

Other social expenses

3 258 000

2 956 000

2 777 000

3 122 000

a18

Taxes and fees

7 533 000

10 444 000

10 184 000

9 482 000

a19

Depreciations of intangible and tangible assets

153 140 000

160 234 000

164 185 000

165 685 000

a20

Revenues from disposals of fixed assets and materials

7 517 000

4 817 000

12 983 000

10 183 000

a21

Revenues from disposals of fixed assets

4 985 000

713 000

437 000

145 000

a22

Revenues from disposals of materials

2 532 000

4 104 000

12 546 000

10 038 000

a23

Net book value of disposed fixed assets and materials

2 433 000

4 230 000

11 302 000

9 854 000

a24

Net book value of sold fixed assets

4 000

467 000

3 000

283 000

a25

Net book value of sold material

2 429 000

3 763 000

11 299 000

9 571 000

a26

Change in operating reserves and adjustments and complex deferred costs ( + / - )

35 862 000

86 108 000

11 049 000

-73 704 000

a27

Other operating revenues

19 665 000

19 773 000

24 626 000

24 698 000

a28

Other operating expenses

60 249 000

25 757 000

28 796 000

47 936 000

a29

Transfer of operating revenues

0

0

 

0

a30

Transfer of operating expenses

0

0

 

0

a31

Operating profit / loss

69 314 000

171 255 000

106 825 000

146 610 000

a32

Revenues from sales of securities and ownership interests

0

0

 

0

a33

Sold securities and ownership interests

0

0

 

0

a34

Revenues from long-term financial assets

0

0

0

0

a35

Revenues from shares in controlled and managed organizations and in accounting units with substantial influence

0

0

 

0

a36

Revenues from others securities and ownership interests

0

0

 

0

a37

Revenues from other long-term financial assets

0

0

 

0

a38

Revenues from short-term financial assets

0

0

 

0

a39

Expenses associated with financial assets

0

0

 

0

a40

Revenues from revaluation of securities and derivatives

0

0

 

0

a41

Cost of revaluation of securities and derivatives

9 103 000

0

 

0

a42

Change in financial reserves and adjustments ( + / - )

0

0

 

0

a43

Interest revenues

113 000

26 000

243 000

197 000

a44

Interest expenses

42 765 000

44 761 000

40 734 000

32 117 000

a45

Other financial revenues

91 287 000

193 075 000

173 770 000

123 381 000

a46

Other financial expenses

67 459 000

265 981 000

193 065 000

124 357 000

a47

Transfer of financial revenues

0

0

 

0

a48

Transfer of financial expenses

0

0

 

0

a49

Profit / loss from financial operations ( transactions )

-27 927 000

-117 641 000

-59 786 000

-32 896 000

a50

Income tax on ordinary income

7 864 000

9 850 000

9 567 000

24 901 000

a51

Due tax

0

0

 

0

a52

Tax deferred

7 864 000

9 850 000

9 567 000

24 901 000

a53

Operating profit / loss ordinary activity

33 523 000

43 764 000

37 472 000

88 813 000

a54

Extraordinary revenues

8 605 000

0

 

0

a55

Extraordinary expenses

10 424 000

0

 

0

a56

Income tax on extraordinary income

0

0

0

0

a57

Due tax

0

0

 

0

a58

Tax deferred

0

0

 

0

a59

Operating profit / loss extraordinary activity

-1 819 000

0

0

0

a60

Transfer profit ( loss ) to partners (+/-)

0

0

 

0

a61

Profit / loss of current accounting period (+/-)

31 704 000

43 764 000

37 472 000

88 813 000

a62

Profit / loss before tax (+/-)

39 568 000

53 614 000

47 039 000

113 714 000

 

Operating cash flow

 

 

224 118 000

 

 

Investment cash flow

 

 

-141 361 000

 

 

Financial cash flow

 

 

1 054 000

 

 

Receivables after due date total

97 104 000

25 503 000

20 521 000

93 602 000

 

Receivables more than 180 days after due date

4 610 000

5 079 000

6 860 000

6 860 000

 

Liabilities after due date total

0

0

0

0

 

Balance indices

 

31.12.2009

31.12.2010

31.12.2011

31.12.2012

Return on total assets ROA (in %)

a62/r1 * 100

1,41

1,82

1,54

3,69

Return on equity ROE (in %)

a62/r68 * 100

2,84

3,73

3,19

7,28

Return on sales ROS (in %)

a62/a1 * 100

1,44

1,18

1,02

2,18

Turnover of receivables (in days)

r49/a1 * 365

48,98

38,70

40,36

42,43

Turnover of liabilities (in days)

r103/a1 * 365

44,63

33,86

35,73

40,49

Turnover of inventories (days)

r32/a1 * 365

27,10

18,03

19,97

23,77

Net working capital (in ths. CZK)

r31 - r102 - r116 - r117

352 038,00

542 937,00

652 428,00

554 772,00

Ratio of accounts payable to accounts receivable (in %)

(r39+r48) / (r91+r102) * 100

94,62

102,17

41,88

50,49

Ratio of profit/loss to tangible assets (in%)

r3 / a1 * 100

73,88

41,57

40,50

36,64

Current ratio

r31 / (r102+r116+r117)

1,86

2,09

2,27

1,90

Quick ratio

(r58+r48) / (r102+r116+r117)

1,35

1,63

1,77

1,35

Cash ratio

r58 / (r102+r116+r117)

0,23

0,44

0,59

0,16

Debt ratio I (in %)

(1-r68/r67) * 100

50,51

51,21

51,63

49,39

Debt ratio II (in %)

r85/r67 * 100

48,09

50,02

50,38

48,37


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.95

UK Pound

1

Rs.104.02

Euro

1

Rs.84.95

 

INFORMATION DETAILS

 

Report Prepared by :

DPT

 

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.