|
Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
RADWAG WAGI ELEKTRONICZNE WITOLD LEWANDOWSKI |
|
|
|
|
Registered Office : |
ul. Bracka 28, 26-600 Radom |
|
|
|
|
Country : |
Poland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
03.01.1985 |
|
|
|
|
Legal Form : |
Natural persons
conducting business activity |
|
|
|
|
Line of Business : |
Subject design,
manufacture, sale and service of electronic laboratory and industrial scales;
production and start of weighing systems; production and sale of scale
software; installation of metering systems |
|
|
|
|
No. of Employees : |
340 (2010) |
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) |
|
Poland |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Poland ECONOMIC OVERVIEW
Poland has pursued a policy of
economic liberalization since 1990 and Poland's economy was the only one in the
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 |
RADWAG WAGI ELEKTRONICZNE Witold
Lewandowski
ul. Bracka 28
26-600 Radom
Phone: 48 3848800
Fax: 48 3850010
E-mail: radom@radwag.pl
Website: www.radwag.pl
Legal form Natural persons conducting
business activity
Stat.no. 005097004
Tax ID PL 7960000327
Establishment 03.01.1985
Changes of names and addresses
Zakład
Mechaniki Precyzyjnej RADWAG Witold Lewandowski
30.04.2008 RADWAG
WAGI ELEKTRONICZNE Witold Lewandowski
Registration:
21.10.2011,
Central Business Activity Registration and Information Office,
Data concerning previous registrations:
06.10.1989,
Municipal Office Radom, No. 3083
Owner Witold
Lewandowski
Main activity
design,
manufacture, sale and service of
electronic
laboratory and industrial scales;
production and
start of weighing systems;
production and
sale of scale software;
installation of
metering systems
Branches NACE
2007:
Manufacture of
instruments and appliances
for measuring,
checking, esting, navigating (C.26.51.Z)
Manufacture of other
general purpose machinery n.e.c. (C.28.29.Z)
Other wholesale of
machines (G.46.69.Z)
Other technical
testing and analysis (M.71.20.B)
Other education
(P.85.59.B)
Employment 2006: 240 employees
2007: 250
employees
2008: 310
employees
2009: 300
employees
2010: 340
employees
Turnover 2008 PLN 48 218 870,97
2009 PLN 44
605 726,99
2010 PLN 52
631 621,77
2011 PLN 53
735 951,95
2012 PLN 57
300 602,54
Source of
financial data MSIG Monitor Polski B Monitor Polski B Monitor Polski B
annual annual annual annual
Personal balance
sheet as at 31.12.2012 31.12.2011 31.12.2010 31.12.2009
AMOUNT IN (PLN)
-A. Fixed
assets...................... 8 984 835,47 7
773 683,95 7 396 231,08 6 878 894,38
- I. Intangible assets.............
13 894,63 14 521,65 16
460,89
- 3. Other
intangible assets....... 13 894,63 14
521,65 16 460,89
- II. Tangible
assets............... 8 961 454,58 7 759 162,30 7 379 770,19 6 867
821,00
- 1. Fixed
goods................... 7 596 097,35 6 705 046,20 6 425 409,38 6 739 128,97
- a)
land........................ 475
261,57 506 048,51 506 048,51 506 048,51
- b) buildings,
premises,
facilities........................... 4 960 601,94 4 737 236,31 3 909
231,81 4 069 646,77
- c) machinery
and equipment...650 124,64 363
784,28 368 956,79 239 448,79
- d) fleet of
motor vehicles..... 1 055 697,69 861 089,03 1
255 553,03 1 392 351,80
- e) other fixed
goods........... 454 411,51 236 888,07 385 619,24 531
633,10
- 2. Fixed goods
under
construction......................... 1 279 957,23 1 028 766,10 954
360,81 128 692,03
- 3. Prepayments
for
fixed goods
under construction.... 85 400,00 25
350,00
-V. Long-term
prepayments and
accrued
income...................... 9 486,26 11 073,38
- 2. Other
prepayments............... 9 486,26 11
073,38
-B. Current
assets.................... 10 586 867,38 8
648 803,32 9 807 766,48 9 186 271,60
- I.
Stock......................... 4
418 651,83 2 396 103,62 3 294 639,63 2 698 573,50
- 1. Raw
materials................. 2 702
930,63 723 701,48 1 014 591,24 695 963,38
- 2.
Semi-finished products and
work-in-progress......................1
487 508,00
- 3. Finished
products............. 38 074,80 1
367 725,61 1 950 957,51 1 392 341,82
- 4. Goods for
re-sale............. 190 138,40 57
428,87 70 328,10 221 819,82
- 5. Advance
payments ........... 247
247,66 258 762,78 388 448,48
- II. Short-term
receivables....... 5 869 033,69 5
979 411,05 6 347 401,93 6 097 780,98
- 2. Other
receivables ............ 5 869 033,69 5
979 411,05 6 347 401,93 6 097 780,98
- a) Due to
deliveries and
services with
payment period:...5 808 290,52 5
936 600,45 6 314 392,20 6 070 632,18
- - up to 12
months........... 5 808 290,52 5 936 600,45 6 314 392,20 6 070
632,18
- b) Due to
taxes, subsidies,
insurances,
duties, etc......... 26 446,93 15 501,11 11 502,49 12
859,50
- c)
Other....................... 34
296,24 27 309,49 21 507,24 14 289,30
- III. Short
term investments...... 39 185,30 33
297,40 36 411,69 296 970,64
- 1. Short-term
financial assets...39 185,30 33
297,40 36 411,69 296 970,64
- c) cash and
other liquid
assets................................ 39 185,30 33 297,40 36
411,69 296 970,64
- - cash in hand
and on bank
account............................... 39 185,30 33 297,40 36
411,69 296 970,64
-IV. Short-term
prepayments and
accrued
income................. 259 996,56
239 991,25 129 313,23 92
946,48
-D. Total
assets...................... 19 571
702,85 16 422 487,27 17 203 997,56 16 065 165,98
-A. Shareholders'
equity.......... 11 426 804,65 11 079 289,23 11
049 164,76 9 752 634,90
- I. Basic share
capital........... 8 483 720,38 7 175 678,02 6 643 498,70 6 433
709,98
- V. Revaluation
reserve............. 1 070,70 1
070,70 1 070,70 1 070,70
- VIII. Net
profit (loss)............ 2 942 013,57 3
902 540,51 4 404 595,36 3 317 854,22
-B. Liabilities
and reserves for
liabilities........................... 8 144 898,20 5 343 198,04 6 154
832,80 6 312 531,08
-II. Long-term
liabilities........... 513 985,61 295 242,97 373 931,25 457
725,10
- 2. Other
liabilities............... 513 985,61
295 242,97 373 931,25 457
725,10
- c) Other
financial liabilities... 513 985,61 295 242,97 373 931,25 457
725,10
-III. Short-term
liabilities.......... 7 625 068,59 5 047 955,07 5
780 901,55 5 854 805,98
- 2. Other
liabilities............... 7 624
176,22 5 047 062,70 5 780 009,18 5 853 913,61
- a)
Loans......................... 2
314 759,57 117 442,75 1 141 444,35 1 549 208,35
- c) Other
financial liabilities... 423 119,73 237 970,77 360 592,43 261
155,61
- d)Due to
deliveries and
services with
payment period:....4 039 970,00 3
542 938,13 3 523 082,92 3 293 207,47
- - up to 12
months.............. 4 039 970,00 3 542 938,13 3 523 082,92 3 293
207,47
- e) Advances
received............. 313 069,71 434
102,91 157 382,25 158 869,74
- g) Due to
taxes, subsidies,
insurances,
duties, etc.......... 487 797,21 675 657,14 562 225,23 544 279,44
- i)
Other......................... 45
460,00 38 951,00 35 282,00 47 193,00
- 3. Special
funds................... 892,37 892,37 892,37 892,37
-IV. Accruals
and deferred income. 5 844,00
- 2. Other
accruals.................. 5 844,00
- - long-term......................
5 844,00
-D. Total
liabilities................. 19 571 702,85 16
422 487,27 17 203 997,56 16 065 165,98
Source of
financial data MSIG Monitor Polski B Monitor Polski B Monitor
Polski B
Annual Annual Annual Annual
Individual
PROFIT AND LOSS
ACCOUNT 01.01.2012- 01.01.2011- 01.01.2010- 01.01.2009-
31.12.2012 31.12.2011 31.12.2010 31.12.2009
AMOUNT IN (PLN)
-A. Income from
sales and
similar..... 57 300 602,54 53 735 951,95 52 631 621,77 44
605 726,99
- I. Net income
on sales........... 56 710 258,02 53
893 048,30 50 766 618,60 42 880 062,19
- II. Change in
value of stock (
+,
-)................................. 130
499,03 -583 231,90 558 615,69 227 742,43
- III. Sales of
goods for own use.... 1
977,89
- IV. Income
from sales of goods
and
materials.............. 459
845,49 424 157,66 1 306 387,48 1 497 922,37
-B. Operational
costs..............53 402 610,94 49
580 706,73 47 679 890,52 40 784 627,49
- I.
Depreciation.................. 1 258
737,64 1 487 460,87 1 586 213,85 1 416 439,89
- II. Materials
and energy.......... 26 332 530,67 24
399 889,08 23 008 898,24 18 571 112,19
- III. Third
party services.......... 6 611 005,24 6
397 174,83 6 532 233,87 5 979 268,30
- IV. Taxes and
duties.............. 472 884,09 442
710,18 438 333,55 350 726,78
- V. Salaries
and wages............ 14 376 768,44 13
168 701,53 12 279 124,14 10 801 088,60
- VI. Social
security............... 2 980 532,25 2 522 243,02 2
338 321,85 2 147 503,91
- VII.
Other......................... 1 072
467,54 876 551,88 719 678,78 631 325,80
- VIII.Costs of
goods and materials
sold.................................. 297 685,07 285 975,34 777
086,24 887 162,02
-C. Profit on
sale.................... 3 897 991,60 4
155 245,22 4 951 731,25 3 821 099,50
-D. Other
operating incomes...138 462,37 85
791,46 65 599,69 299 705,53
- I. Incomes
from disposal
non-financial
assets.................. 68 024,86 27
694,15 24 660,41 45 087,38
- III. Other operating
incomes......70 437,51 58 097,31 40 939,28 254 618,15
-E. Other
operating costs......... 134 458,56 46
144,25 94 225,62 342 146,34
- II. Goodwill
revaluation.......... 26
282,60
- III. Other
operating costs......... 134 458,56 46
144,25 94 225,62 315 863,74
-F. Profit on
operating activities 3 901 995,41 4 194 892,43 4
923 105,32 3 778 658,69
-G. Financial
incomes................. 1 328,17 1
848,07 659,11 592,61
- II. Interest
received............. 1 328,17 1 848,07 659,11 592,61
-H. Financial
costs................... 961 310,01 294
199,99 519 169,07 461 397,08
- I.
Interest...................... 198
239,78 191 620,18 169 230,77 123 324,84
- IV.
Other......................... 763
070,23 102 579,81 349 938,30 338 072,24
-I. Profit on
economic activity... 2 942 013,57 3 902
540,51 4 404 595,36 3 317 854,22
-K. Gross
profit...................... 2 942
013,57 3 902 540,51 4 404 595,36 3 317 854,22
-N. Net
profit........................ 2 942
013,57 3 902 540,51 4 404 595,36 3
317 854,22
Balance sheet as at 31.12.2012
PRZEDSIĘBIORSTWO
USŁUG ROZRACHUNKOWYCH Elżbieta
Żurowska, ul.
Rapackiego 17/8, 26-617 Radom No.
736
Expert auditor
Elżbieta Żurowska No. 4848
Balance sheet as at 31.12.2011
PRZEDSIĘBIORSTWO
USŁUG ROZRACHUNKOWYCH Elżbieta
Żurowska, ul.
Rapackiego 17/8, 26-617 Radom No.
736
Expert auditor
Elżbieta Żurowska No. 4848
Balance sheet as at 31.12.2010
PRZEDSIĘBIORSTWO
USŁUG ROZRACHUNKOWYCH Elżbieta
Żurowska, ul.
Rapackiego 17/8, 26-617 Radom No.
736
Expert auditor
Elżbieta Żurowska No. 4848
Balance sheet as at 31.12.2009
PRZEDSIĘBIORSTWO
USŁUG ROZRACHUNKOWYCH Elżbieta
Żurowska, ul.
Rapackiego 17/8, 26-617 Radom No.
736
|
Ratios |
01.01.2012- 31.12.2012 |
01.01.2011-31.12.2011 |
01.01.2010-31.12.2010 |
01.01.2009-31.12.2009 |
|
Current ratio |
1, 39 |
1, 71 |
1, 70 |
1, 57 |
|
Quick ratio |
0, 77 |
1, 19 |
1, 10 |
1, 09 |
|
Immediate ratio |
0, 01 |
0, 01 |
0, 01 |
0, 05 |
|
Return on sale |
5, 15 |
7, 18 |
8,46 |
7,48 |
|
Return on assets |
15, 03 |
23,76 |
25, 60 |
20, 65 |
|
Return on equity |
25,75 |
35,22 |
39,86 |
34, 02 |
|
Average trade debtors' days |
37,57 |
40,18 |
44,49 |
50,15 |
|
Average stock turnover's days |
28,29 |
16,10 |
23,09 |
22,20 |
|
average payables payment period |
48,82 |
33, 92 |
40,52 |
48,15 |
|
Total indebtedness ratio |
41, 62 |
32,54 |
35,78 |
39,29 |
Locations: seat:
ul. Bracka 28, 26-600 Radom
Phone: 48 3848800
Fax: 48 3850010
E-mail:
radom@radwag.pl
Website: www.radwag.pl
place of
running the activity:
ul. Hetmańska
90, 60-219 Poznań
ul.
Więckowskiego 70, 90-748 Łódź
ul.
Białołęcka 218A, 03-253 Warszawa
ul. Bracka 39,
26-600 Radom
ul. Bolesława
Krzywoustego 46, 80-360 Gdańsk
ul. Wielicka 250,
30-663 Kraków
ul. Bracka 9,
26-600 Radom
ul. Starowiejska
17A, 26-600 Radom
ul. Mechaniczna
13, 70-708 Szczecin
ul. Nowa 4, 51-188
Psary
ul. Grudniowa 34,
26-600 Radom
ul. Wjazdowa 4,
26-600 Radom
ul. Grudniowa
37/39, 26-600 Radom
ul. Metalowa 6C/5,
10-603 Olsztyn
Real Estate Book value of
buildings as at 31.12.2012 PLN 4 960 601,94
Book value
of lands as at 31.12.2012 PLN 475 261,57
Verification
of information on real estate
ownership
position through the Real Estate
Register is
not covered by the standard
report.
Connections: As at 12.12.2013
there are no relations.
Certificates: ISO 9001:2008
General
information The company
is a member of the Scale Manufacturers Association in
Poland with seat in Lublin.
The subject has not decided to cooperate in elaboration
of the report.
Banks Bank
Polska Kasa Opieki SA I O. w Radomiu
ul. Struga
26/28, 26-600 Radom
Bank Handlowy
w Warszawie SA VI O. w Warszawie
ul.
Traugutta 7/9, 00-067 Warszawa
Acc.no.
48103010610000000009443000
Payment Manner Nothing detrimental noted.
Credit capability Business connections
appear permissible,
credits should not be refused.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
UK Pound |
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
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.