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Report Date : |
02.01.2014 |
IDENTIFICATION DETAILS
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Name : |
DAAGNI SP. Z O.O. |
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Registered Office : |
ul. Dluga 125, 95-100 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
23.12.2008 |
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Com. Reg. No.: |
KRS 320977 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Engaged in production and sale of bedding fabrics, bedding sets, pillowcases and sheets Manufacturer of made-up textile articles |
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No. of Employees : |
09 (2011) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Poland |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
European Union 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 without stifling
economic growth and adopted 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, in part due to the ongoing economic
difficulties in the euro zone. The key policy challenge is to provide support
to the economy through monetary easing, while maintaining the pace of
structural fiscal consolidation. Poland's economic performance could improve
over the longer term if the country addresses some of the remaining
deficiencies in its road and rail infrastructure and its business environment.
An inefficient commercial court system, a rigid labor code, red tape, and a burdensome
tax system keep the private sector from realizing its full potential.
|
Source : CIA |
DAAGNI Sp. z o.o.
ul. Dluga 125
95-100 Zgierz
Phone: 42
7161975
E-mail: daagni@daagni.pl
Website: www.daagni.pl
Legal form Limited
liability company
Stat.no. 100620403
Tax ID PL 7322118461
Establishment 23.12.2008
Registration: 08.01.2009,
District Court Lodz XX Department, KRS 320977
Shareholders Maciej
Urbaniak , personal ID no. (PESEL) PLN
25 000,00
93031606156, ul. Dluga 125,
95-100 Zgierz 50,00%
Marek
Piotr Polewczyk , personal ID no.
(PESEL) PLN 25 000,00
91061913934,
ul. Lagiewnicka 8/3, 91-445 Lodz 50,00%
list
entered to NCR /KRS/ on 05.05.2009
Initial Capital PLN
50 000,00
Initial capital divided into 100
shares of PLN
500,00 each
Information about: 9410795100
Management Jaroslaw
Urbaniak , personal ID no. (PESEL) 65042512698, ul. Dluga
125,
95-100 Zgierz
-
president
Representation:
since 08.01.2009
If one man board – President
individually
If numerous managers – President
individually, two members of the
board of directors jointly or member
of the board of directors and
proxy jointly
Main activity production
and sale of bedding fabrics,
bedding sets, pillowcases and
sheets
Branches NACE 2007:
Manufacture of made-up textile
articles (C.13.92.Z)
Wholesale of textiles
(G.46.41.Z)
Manufacture of other textiles
n.e.c. (C.13.99.Z)
Other retail (G.47.51.Z)
Employment 2009:
9 employees
2010: 9 employees
2011: 9 employees
Turnover 08.01.2009
- 31.12.2009 PLN 2 437 531,25
2010 PLN 2 977 591,29
2011 PLN 3 212 745,83
As at the day the report was prepared, there is no
information in the register that the company filed to court the financial
statement for the most recent accounting period.
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.
Source of financial data Court
Court Court
annual
annual
annual
Personal balance sheet as at 31.12.2011 31.12.2010 31.12.2009
(Amount in PLN)
-A. Fixed assets......................... 21 358,88 31 660,44 70
329,72
- II. Tangible assets.................. 21 358,88 31 660,44 70
329,72
- 1. Fixed goods...................... 21 358,88 31 660,44 70
329,72
- c) machinery and equipment........ 20 380,54 20 003,26 21
971,50
- d) fleet of motor vehicles........ 978,34 11 657,18 48
358,22
- III. Long term receivables............ 0,00
- IV. Long term investments............ 0,00
-V. Long-term prepayments and accrued
income................................... 0,00
-B. Current assets....................... 1 707
482,51 1 152 331,49 1 220 152,20
- I. Stock............................ 1 434 790,75 899 545,35 759 566,96
- 1. Raw materials.................... 331 903,46 288 329,36 208
691,41
- 3. Finished products................ 984 454,15 520 727,35 400 214,41
- 4. Goods for re-sale................ 118 433,14 90 488,64 137
272,65
- 5. Advance payments ................ 13
388,49
- II. Short-term receivables............ 192 434,05 170 443,64
351 741,41
- 2. Other receivables ............... 192 434,05 170 443,64 351 741,41
- a) Due to deliveries and
services with payment period:....... 178 622,27 169 310,91 351
253,74
- - up to 12 months............... 178 622,27 169
310,91 351 253,74
- b) Due to taxes, subsidies,
insurances, duties, etc.................. 7 898,52 1 132,73 487,67
- c) Other.......................... 5 913,26
- III. Short term investments........... 20 085,29 35 098,30 86
009,17
- 1. Short-term financial assets...... 20 085,29 35 098,30 86
009,17
- c) cash and other liquid assets... 20 085,29 35 098,30
86 009,17
- - cash in hand and on bank
account.................................. 20 085,29 35 098,30 86
009,17
-IV. Short-term prepayments and accrued
income................................... 60 172,42 47 244,20 22
834,66
-D. Total assets......................... 1 728 841,39 1 183 991,93 1
290 481,92
-A. Shareholders' equity................. 89 000,85 72
500,12 70 009,43
- I. Basic share capital.............. 50 000,00 50 000,00 50
000,00
- IV. Statutory reserve capital........ 22 500,12 20 009,43
- VIII. Net profit (loss)............... 16 500,73 2 490,69 20
009,43
-B. Liabilities and reserves for
liabilities.............................. 1 639 840,54 1 111 491,81 1 220 472,49
-II. Long-term liabilities.............. 380 000,00 380 000,00 380
000,00
- 2. Other liabilities.................. 380 000,00 380 000,00 380
000,00
- a) Loans............................ 380 000,00 380 000,00 380 000,00
-III. Short-term liabilities............. 1 253 362,64 729 871,44 829 801,01
- 2. Other liabilities.................. 1 253 362,64 729 871,44 829 801,01
- d)Due to deliveries and services
with payment period:..................... 999 689,64 605 622,31 629
112,32
- - up to 12 months................. 999 689,64 605 622,31 629 112,32
- e) Advances received................ 10
066,68 3 278,73
- g) Due to taxes, subsidies,
insurances, duties, etc................. 243 999,08 1 04 465,05 191
033,12
- h) Due to salaries.................. 9 147,70 9 717,40 6
376,84
- i) Other............................ 526,22
-IV. Accruals and deferred income....... 6 477,90 1
620,37 10 671,48
- 2. Other accruals..................... 6 477,90 1 620,37 10 671,48
- - short-term........................ 6 477,90 1 620,37 10
671,48
-D. Total liabilities.................... 1 728 841,39 1 183 991,93 1 290 481,92
Source of financial data Court
Court Court
annual
annual
annual
individual
PROFIT AND LOSS ACCOUNT 01.01.2011- 01.01.2010- 08.01.2009-
31.12.2011 31.12.2010 31.12.2009
(Amount in PLN)
-A. Income from sales and similar......3 212 745,83 2 977 591,29 2 437 531,25
- I. Net revenue form sale of
products................................. 3 099 167,85 2 686 761,36 1 683 079,06
- II. Net revenue from sale of goods... 113 577,98 290 829,93 754
452,19
-B.Cost of products, goods sold.........2 998 932,38 2 870 546,82 2 295 761,81
- I. Cost of production of products
sold..................................... 2 922 149,60 2 651 637,24 1 881 176,40
- II. Value of products sold........... 76 782,78 218 909,58 414
585,41
-C. Gross profit on sale................. 213 813,45 107 044,47 141
769,44
-D. Costs of sale........................ 37 630,66 79 815,94 74
111,65
-E. General management costs........... 73 252,09 86 516,88 65 527,05
-F. Profit on sale....................... 102 930,70 2 130,74
-F. Loss on sale......................... 59
288,35
-G. Other operating incomes.............. 78 189,46 82 268,42 1 810,39
- I. Incomes from disposal of fixed
assets................................... 22
172,00
- III. Other operating incomes.......... 78 189,46 60 096,42 1
810,39
-H. Other operating costs................ 89 287,89 14
816,38 6 871,73
- III. Other operating costs............ 89 287,89 14 816,38
6 871,73
-I. Profit on operating activities....... 91 832,27 8
163,69
-I. Loss on operating activities......... 2 930,60
-J. Financial incomes.................... 24 002,06 70
245,43 45 200,17
- V. Other............................ 24 002,06 70
245,43 45 200,17
-K. Financial costs...................... 94 916,60 71 123,43 16
229,14
- I. Interest......................... 4
899,00
- IV. Other............................ 94 916,60 66 224,43 16 229,14
-L. Gross profit on economic activity...20 917,73 7 285,69 26 040,43
-M. Exceptional items.................... 0,00
-N. Gross profit......................... 20 917,73 7 285,69 26
040,43
-O. Corporation tax...................... 4 417,00 4
795,00 6 031,00
-R. Net profit........................... 16 500,73 2 490,69 20 009,43
01.01.2011- 01.01.2010- 08.01.2009-
31.12.2011 31.12.2010 31.12.2009
Current ratio 1,36
1,58 1,47
Quick ratio 0,17 0,28 0,53
Immediate ratio 0,02
0,05 0,10
Return on sale 0,51
0,08 0,82
Return on assets 0,95
0,21 1,55
Return on equity 18,54 3,44 28,58
Average trade debtors' days 21,86
20,89 51,66
Average stock turnover's days 163,01 110,27
111,56
average payables payment period 142,39 89,47
121,87
Total indebtedness ratio 94,85
93,88 94,57
While
rating the company, it is advisable
to
take into consideration information about the branch , the company is acting in
(C.13.92.Z - NACE 2007), as at : 30.09.2013 31.12.2012
31.12.2011 31.12.2010
31.12.2009
Current ratio............................ 1,90 1,76 1,49 1,36 1,26
Quick ratio.............................. 1,02 0,79
0,70 0,65 0,63
Immediate ratio.......................... 0,12 0,18 0,08 0,12 0,12
Return on sale........................... 3,93 3,82 3,37 4,63 3,49
Return on assets......................... 5,55 6,55 5,90
8,06 5,94
Return on equity......................... 12,60 14,75 14,16 24,36
15,77
Average trade debtors' days.............. 58,64 45,56
51,36 52,49 50,23
Average stock turnover's days............ 58,64 74,76 68,88 70,02 62,77
average payables payment period.......... 67,01 78,21 88,04 99,58 100,98
Total indebtedness ratio................. 55,99 55,59
58,36 66,90 62,31
Percent share in the examinated group
of companies with net profit............. 81,80 74,60
78,00 75,00 66,70
Sales/revenue per employee in th. PLN...194,61 248,43 226,15
182,71 173,07
Average sales/revenue per company in
th. PLN.................................. 35 206,22 43 870,69 39 281,66 37
029,09 28 842,71
(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
according
to the Central Statistical Office
Locations: seat:
ul. Dluga 125, 95-100 Zgierz
Phone: 42 7173827
Fax: 42 7173827
E-mail: daagni@daagni.pl
Website: www.daagni.pl
wholesale:
ul. Barlickiego 3, 95-100 Zgierz
Phone: 42 7161975
Real Estate No
data
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 09.12.2013 there are no shares in other companies.
Connections:
Jaroslaw Urbaniak , personal ID no. (PESEL) 65042512698
- P & U COTTON SPÓLKA Z O.O., ul. Barlickiego 3, 95-100
Zgierz
· shareholder: PLN 25 000,00 (50,00%)
- COMTEX SPÓLKA Z O.O. NIP 7321872888, ul. Rolna 2, 25-419
Kielce
· shareholder: PLN 2 000,00 (50,00%)
Marek Piotr Polewczyk , personal ID no. (PESEL) 91061913934
- ROD-POL SPOLKA Z O.O. NIP 9222992455, ul. Barlickiego 3,
95-100 Zgierz
· shareholder: PLN 1 250,00 (25,00%)
· president
Data concerning connections are valid as at: 09.12.2013.
General information The
subject has not decided to cooperate in elaboration of the
report.
Banks Names
of banks were not disclosed
Payment Manner In
available sources, payment delays have not
been
noted
Credit capability Business
connections should not be refused,
credits
require security
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
UK Pound |
1 |
Rs.102.39 |
|
Euro |
1 |
Rs.85.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.