MIRA INFORM REPORT
|
Report Date : |
25.01.2014 |
IDENTIFICATION DETAILS
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Name : |
VISTULA GROUP SA |
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Formerly Known As : |
VISTULA & WÓLCZANKA SA |
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Registered Office : |
ul. Starowiślna 48, 31-035 Kraków |
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Country : |
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Financials (as on) : |
30.09.2013 |
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Date of Incorporation : |
10.10.1948 |
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Com. Reg. No.: |
KRS 47082 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
· Engaged in Designing, Manufacturing and Distribution of male clothes; Sale & Import of clocks, watches and jewelry; Distributor of ROLEX brand watches Manufacturer of other outerwear Wholesaler of clothing and footwear |
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No. of Employees : |
1450 (2011) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
|
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 |
VISTULA GROUP SA
ul. Starowiślna 48
31-035 Kraków
Phone: 12 6561832
Fax: 12 6565098
E-mail: sekretariat@vistula.pl
Website: www.vistula.com.pl
Legal form Joint
Stock Company
Stat.no. 351001329
Tax ID PL 6750000361
Establishment 10.10.1948
as State-owned enterprise (9)
28.03.1991 as
Joint Stock Company (6)
Changes of names
and addresses
10.10.1948 Krakowskie
Zakłady Przemysłu Odzieżowego
28.03.1991 Vistula SA
ul.
Nadwiślańska 13, 30-527 Kraków
22.09.2006 VISTULA &
WÓLCZANKA SA
01.12.2007 ul.
Starowiślna 48, 31-035 Kraków
31.12.2008 VISTULA GROUP SA
Registration: 26.09.2001, District Court Kraków, XI
Department, KRS 47082
Data concerning
previous registrations:
30.04.1991, District Court Kraków, RHB 3159
Previous
registration:
30.04.1991, District Court Kraków, RHB 3159
Shareholders Otwarty Fundusz
Emerytalny PZU Złota Jesień,
al. Jana Pawła II 24, 00-133 Warszawa
Percent of owned shares 19.74%
share in total
amount of votes 19.74%
IPOPEMA 2 Fundusz Inwestycyjny
Zamknięty
Aktywów Niepublicznych
Percent of owned shares 12.58%
share in total amount of votes 12.58%
ING Otwarty Fundusz Emerytalny, ul. Topiel
12, 00-342 Warszawa
Percent of owned shares 11.21%
share in total amount of votes 11.21%
ALMA MARKET SA, ul. Pilotów 6, 30-964 Kraków
Percent of owned shares 8.61%
share in total amount of votes 8.61%
PIONEER PEKAO INVESTMENT MANAGEMENT SA, ul.
Marynarska 15, 02-674 Warszawa
Percent of owned shares 5.32%
share in total amount of votes 5.32%
list prepared on
30.09.2013
Share capital PLN
37 003 265,00
Share capital divided into 173861625 shares
of
PLN 0,21 each
Series of shares
40000000 type Not preference shares M
22310270 type Not preference shares K
8247423 type Not preference shares I
15059932 type Not preference shares H
8021810 type Not preference shares G
1400000 type Not preference shares C
7165640 type Not preference shares F
22811250 type Not preference shares D
48845300 A
Changes of share
capital
- since 13.09.2012 until 16.09.2013 the
capital estimated PLN
29 003 265,00
- since 17.12.2009 until 13.09.2012 the
capital estimated PLN
24 541 211,00
- since 31.12.2008 until 17.12.2009 the
capital estimated PLN
22 891 726,40
- since 06.10.2008 until 31.12.2008 the
capital estimated PLN
19 879 740,00
- since 09.01.2007 until 06.10.2008 the
capital estimated PLN
18 275 378,00
- since 30.11.2006 until 09.01.2007 the
capital estimated PLN
17 995 378,00
- since 31.08.2006 until 30.11.2006 the
capital estimated PLN
16 562 250,00
- until 31.08.2006 the capital estimated PLN 12 000 000,00
was depreciated 11154700 shares
Management Grzegorz
Karol Pilch , personal ID no. (PESEL) 67122801096
- president
Radosław Jakociuk , personal ID no.
(PESEL) 74041604017
- vice president
Mateusz Marek Żmijewski , personal ID
no. (PESEL) 76092805430
- vice president
Proxies:
Erwin Zdzisław Bakalarz , personal ID
no. (PESEL) 71030506851
Representation:
Two members of the board of directors
jointly or member of the board
of directors with
proxy jointly
Supervisory board Jerzy
Mazgaj , personal ID no. (PESEL) 59102202517, ul. Grodzka 7/5,
31-006 Kraków
- chairman
Michał Mierzejewski , personal ID no.
(PESEL) 75050700019, ul. Wiślana
92, 05-092 Łomianki
- member
Mirosław Panek , personal ID no.
(PESEL) 59032703490
- member
Ilona Alicja Malik , personal ID no. (PESEL)
76051102503
- member
Grzegorz Wójtowicz , personal ID no. (PESEL)
79112608732
Artur Jędrzejewski , personal ID no.
(PESEL) 70051901070
Main activity Engaged in Designing, Manufacturing and Distribution of male clothes; Sale & Import of
clocks, watches and jewelry, Distributor of ROLEX brand watches
Import Germany
Export European Union
Branches NACE 2007:
Manufacture of other outerwear (C.14.13.Z)
Wholesale of
clothing and footwear (G.46.42.Z)
Employment 2007:
571 employees
2008: 1096 employees
2009: 1264 employees
2010: 1403 employees
2011: 1450 employees
Employment in the
capital group:
2008: 2743 employees
2009: 2842 employees
2011: 2301 employees
Turnover 2009 PLN 332 409 000,00
2010 PLN 309 150 000,00
2011 PLN 340 350 000,00
2012 PLN 347 493 000,00
01.01.2013 - 30.09.2013 PLN 245 034 000,00
consolidated
turnover 2009 PLN 408 402 000,00
2010 PLN 353 921 000,00
2011 PLN 387 703 000,00
2012 PLN 395 513 000,00
01.01.2013 -
30.09.2013 PLN 276 495 000,00
Source of financial data other
other Monitor Polski B Monitor Polski B
periodic annual annual
annual
Personal balance sheet as at 30.09.2013 31.12.2012 31.12.2011 31.12.2010
(Amount in PLN)
-A. Fixed assets...................... 420 263 000,00 430 069 000,00 441 001 000,00 451 531 000,00
- I. Tangible assets................. 38 513 000,00 39 657 000,00 46 614
000,00 54 751 000,00
- a) lands and buildings......... 33 083 000,00 40
047 000,00
- f) other fixed goods........... 13 186 000,00 14 444 000,00
- 2. Fixed goods under
construction.......................... 345
000,00 260 000,00
- II. Intangible assets.............. 115 558 000,00
- III. Goodwill...................... 242 591 000,00 242 591 000,00 242 591 000,00 242 591 000,00
- IV. Other intangible assets...... 114 962 000,00 116
376 000,00 117 216 000,00
- V. Investment real estate.......... 5 094 000,00 5 168 000,00 10
057 000,00 5 365 000,00
- VI. Long term financial assets..... 6 179 000,00
-VII. Investments in associated and
dependant companies valued with
method of ownership rights/ Shares
and quotas in units consolidated by
method of ownership rights............ 6
365 000,00 6 343 000,00
-VIII. Other long term investments.... 4 000,00 4
000,00 4 000,00 4 000,00
-IX. Long term receivables............ 1 035 000,00 1 259 000,00 1 770 000,00 1 881 000,00
-XI. Financial assets available for
sale..................................
5 443 000,00
-XIII. Assets due to deferred income
tax................................... 11 885 000,00 19 653 000,00 17 224
000,00 17 937 000,00
-B. Current Assets.................... 168 757 000,00 188
603 000,00 181 741 000,00 174 121 000,00
- I. Stocks.......................... 143 394 000,00 157 402 000,00 147 913
000,00 132 162 000,00
- IV. Trade receivables and other
receivables/ supply and services
receivables and other receivables.17 663 000,00 16 790 000,00
22 542 000,00 18
159 000,00
- VI. Other financial assets......... 1 000,00 19
000,00
- VIII. Cash and cash equivalents..6 623 000,00 13 929 000,00 10 697 000,00 23
050 000,00
- XIII. Other current assets/ Other
assets................................ 1 077 000,00 482 000,00 588 000,00 731 000,00
-Total assets......................... 589 020 000,00 618 672 000,00 622 742 000,00 625 652 000,00
-A. Equity............................ 393 911 000,00 324 728 000,00 295 899 000,00
294 713 000,00
- I. Initial capital................. 37 003 000,00 29 003 000,00 24 541 000,00 24
541 000,00
- III. Issued capital over nominal
value of shares....................... 304 998 000,00
- IV. Uncalled capital............... 270 157 000,00 258 027 000,00 255 186 000,00
- VI. Share premium account.......... 3
717 000,00
- VII. Other reserve capital......... 14 329
000,00 12 071 000,00
- VIII. Other capital................ 14 587 000,00 14 476 000,00
- XI. Retained earnings............. 11 092 000,00
- XIII. Net profit (loss)............ 37 323 000,00
- XV. Proft (loss) from previous
years and for the current year..... -998 000,00 -802 000,00
-B. Long term liabilities..........130 552 000,00 148 623 000,00 186 430 000,00 195 453 000,00
- I. Credits, loans/ Liabilities
due to credits, loan and other debt
instruments...........
148 408 000,00 169 401 000,00 177 431 000,00
- II. Long-term liabilities due to
issued commercial papers........129 500 000,00
- IV. Liabilities due to financial
leasing.............................. 431 000,00 215 000,00 106
000,00 200 000,00
- VI.
Reserves....................... 146
000,00 12 560 000,00 15 251 000,00 16 478 000,00
- VII. Reserve due to deferred
income tax/ Liabilities due to
deferred income tax 475 000,00 960
000,00 1 672 000,00 1 344 000,00
-C. Short term liabilities............ 64 557 000,00 125 547
000,00 140 413 000,00 135
486 000,00
- I. Credits and loans/ Current
account credits....................... 349 000,00 7
514 000,00 2 061 000,00
- II. Long-term credits and loans
with settlement term..................
7 714 000,00 16 914 000,00
- III. Short-term liabilities due
to issued commercial papers 11 551 000,00 50
000 000,00
- V. Short-term liabilities due to
financial leasing..................... 74 000,00 94
000,00 1 393 000,00
- VI. Liabilities due to credits,
loans and other debt instruments....
50 000 000,00
- IX. Trade and other liabilities.... 46 725 000,00 69 202 000,00 49 629 000,00
- XI. Reserves/ other short term
reserves.............................. 5 858 000,00 6 254 000,00 11 342
000,00 17 550 000,00
-Total liabilities.................... 589 020 000,00 618 672 000,00 622 742 000,00 625 652 000,00
Source of financial data other other Monitor Polski B Monitor
Polski B
periodic
annual annual annual
individual
PROFIT AND LOSS ACCOUNT 01.01.2013- 01.01.2012- 01.01.2011- 01.01.2010-
30.09.2013 31.12.2012 31.12.2011 31.12.2010
Amount in (PLN)
-A. Income from sales and
similar..... 245
034 000,00 347 493 000,00 340 350 000,00 309
150 000,00
-B.Cost of products,
goods sold....... 116
096 000,00 169 716 000,00 163 830 000,00 145
588 000,00
-C. Gross profit on sale...........128 938 000,00 177 777 000,00 176 520 000,00 163 562 000,00
-D. Costs of sale..................... 90 875 000,00 124 532 000,00 119 649 000,00 110
968 000,00
-E. General management costs 25 998 000,00 33 678
000,00 34 520 000,00 34 556 000,00
-F. Profit on sale.................... 12 065 000,00 19 567 000,00 22 351 000,00 18
038 000,00
-G. Other operating incomes
16 673 000,00 8 671 000,00 14 801 000,00 8 573 000,00
- I. Incomes from disposal of
fixed assets.......................... 4 100 000,00 719 000,00
- III. Other operating incomes....... 10
701 000,00 7 854 000,00
-H. Other operating costs..........7 535 000,00 7 325 000,00 14 443 000,00 6
820 000,00
-I. Profit on operating activities.21 203 000,00 27 277 000,00 22 709 000,00 19
791 000,00
-J. Financial incomes............... 42 489 000,00 1 536 000,00 3
005 000,00 574 000,00
-K. Financial costs................... 19 086 000,00 20 862 000,00 25 671 000,00 21
929 000,00
-L. Gross profit on
economic activity. 44
606 000,00 7 951 000,00 43 000,00
-L. Gross on economic activity........ 1
564 000,00
-N. Gross profit...................... 44 606 000,00 7 951 000,00 43 000,00
-N. Gross loss........................ 1
564 000,00
-O. Corporation tax................... 7 283 000,00 -3 141 000,00 1
041 000,00 -762 000,00
-R. Net profit........................ 37 323 000,00 11 092 000,00
-R. Net loss.......................... 998
000,00 802 000,00
Balance
sheet as at 31.12.2011
PRO AUDIT KANCELARIA BIEGŁYCH REWIDENTÓW Sp. z o.o.,
al.
3 Maja 9, 30-062 Kraków No.
2696
Expert auditor Mirosław Kośmider No.
9273
Expert auditor Paulina Bąk No.
11912
Balance
sheet as at 31.12.2010
PRO AUDIT KANCELARIA BIEGŁYCH REWIDENTÓW Sp. z o.o.,
al.
3 Maja 9, 30-062 Kraków No.
2696
Expert auditor Paulina Bąk No.
11912
|
Ratios |
01.01.2013- 30.09.2013 |
01.01.2012- 31.12.2012 |
01.01.2011- 31.12.2011 |
01.01.2010- 31.12.2010 |
|
|
Current ratio |
2, 61 |
1,50 |
1,29 |
1,29 |
|
|
Quick ratio |
0, 38 |
0,24 |
0,24 |
0, 30 |
|
|
Immediate ratio |
0, 10 |
0, 11 |
0, 08 |
0, 17 |
|
|
Return on sale |
15,23 |
3, 19 |
-0,29 |
-0,26 |
|
|
Return on assets |
6, 34 |
1, 79 |
-0,16 |
-0,13 |
|
|
Return on equity |
9, 48 |
3, 42 |
-0,34 |
-0,27 |
|
|
Average trade debtors' days |
19, 68 |
17, 68 |
24,17 |
21,44 |
|
|
Average stock turnover's days |
159,76 |
165,79 |
158,63 |
156,04 |
|
|
average payables payment period |
71, 92 |
132,23 |
150,58 |
159,96 |
|
|
Total indebtedness ratio |
33,12 |
44,32 |
52,48 |
52, 90 |
|
While rating the company, it is advisable
to take into consideration information about the branch , the company
is acting in
|
(C.14.13.Z - NACE 2007), as at : |
30.09.2013 |
31.12.2012 |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
Current
ratio........................................................ |
2,26 |
1,93 |
2,14 |
1,86 |
1,60 |
|
Quick
ratio.......................................................... |
1, 34 |
1, 17 |
1,26 |
1, 02 |
0, 92 |
|
Immediate
ratio................................................... |
0, 33 |
0, 31 |
0,46 |
0, 34 |
0, 22 |
|
Return on
sale.................................................... |
5, 43 |
4, 18 |
3, 71 |
2, 47 |
1,21 |
|
Return on
assets................................................. |
6, 07 |
6, 35 |
5, 53 |
3,49 |
1, 63 |
|
Return on
equity.................................................. |
10,25 |
11,10 |
9, 25 |
6, 16 |
3, 10 |
|
Average
trade debtors' days................................. |
70, 67 |
64, 02 |
56,83 |
56,04 |
70,01 |
|
Average
stock turnover's days.............................. |
65,33 |
56,11 |
61, 49 |
68, 63 |
68, 92 |
|
average
payables payment period......................... |
72,53 |
75, 95 |
71, 93 |
83, 65 |
103,26 |
|
Total
indebtedness ratio....................................... |
40,78 |
42,82 |
40,15 |
43,42 |
47,49 |
|
Percent share in the examinated
group of companies
with net profit.................................. |
70,50 |
71, 90 |
70,00 |
60, 80 |
57,30 |
|
Sales/revenue per employee in th.
PLN.... |
63,59 |
83,83 |
85,12 |
89,32 |
74, 92 |
|
Average sales/revenue per company
in th. PLN.............................................................. |
8 872,62 |
11 125,11 |
363,49 |
073,58 |
910,89 |
according to the Central
Statistical Office
Source of financial data other
other Monitor Polski B
periodic
annual annual
Consolidated balance sheet
as at 30.09.2013 31.12.2012 31.12.2011
(Amount in PLN)
-Fixed assets......................... 423 166 000,00 432
795 000,00 443 671 000,00
- Tangible assets.................... 49 066 000,00 50 635 000,00 63 171 000,00
- Goodwill........................... 244 143 000,00 244
143 000,00 244 143 000,00
- Other intangible assets............ 115 212 000,00 115
751 000,00 116 499 000,00
- Long term financial assets......... 912 000,00 4 000,00
- Assets due to deferred income tax.. 12 731 000,00 19 932 000,00 16
734 000,00
- Long term receivables and
miscellaneous items................ 1 102 000,00 2
075 000,00
-Current assets....................... 187 621 000,00 207 740 000,00 199
234 000,00
-
Stocks............................. 160
612 000,00 174 078 000,00 162 438 000,00
- Short term receivables and
miscellaneous items................... 18 437 000,00 18 588 000,00
- Cash and equivalents............... 7 300 000,00 14 495 000,00 11
953 000,00
-Total assets......................... 610 787 000,00 640
535 000,00 642 905 000,00
-Equity............................... 399 568 000,00 333 230 000,00 303
217 000,00
- Initial capital.................... 37 003 000,00 29 003 000,00 24 541 000,00
- Reserve and uncalled capital....... 10 441 000,00 10 330 000,00 10
183 000,00
- Retained earnings.................. 317 646 000,00 281
621 000,00 268 493 000,00
- Net profit (loss).................. 34 478 000,00 12 276 000,00
-Long term liabilities................ 130 927 000,00 148 768 000,00 169
658 000,00
- Reserves........................... 309 000,00 12 723 000,00 15 447 000,00
- Reserve due to deferred income tax. 482 000,00 977
000,00 1 672 000,00
- Long term bank credits and loans... 148
408 000,00 169 401 000,00
- Other long term financial
liabilities...........................
130 136 000,00
-Short term liabilities............... 80 292 000,00 138 169 000,00 141 074 000,00
- Reserves........................... 6 129 000,00 6 668 000,00 11 837 000,00
- Short term bank credits and loans.. 7 301 000,00 5 724 000,00 7
713 000,00
- Other short term financial
liabilities........................... 11 694 000,00 50
000 000,00
- Short term liabilities and
miscellaneous items................... 55 168 000,00
-Total liabilities.................... 610 787 000,00 640 535 000,00 642
905 000,00
Source of financial data other
Monitor
Polski B
periodic
annual
CONSOLIDATED Consolidated P/L - 01.01.2013- 01.01.2011-
30.09.2013 31.12.2011
(Amount in PLN)
-A. Net income form sale of goods,
products and
materials................ 276 495
000,00 387 703
000,00
-B. Costs of sale of goods, products
and materials......................... 131 068 000,00 180
710 000,00
-C. Gross profit from sale (A-B)...... 145 427 000,00 206
993 000,00
-D. Costs of sale..................... 104 581 000,00 138
656 000,00
-E. Cost of management................ 31 134 000,00 42 920 000,00
-F. Profit from sale (C-D-E).......... 9 712 000,00 25 417 000,00
-G. Other operating income............ 16 968 000,00 10 937 000,00
-H. Other operating costs............. 8 580 000,00 15 150 000,00
-I. Profit from ordinary activity
(F+G+H)............................... 18 100 000,00 25 329 000,00
-J. Financial income.................. 42 577 000,00 3 011 000,00
-K. Financial costs................... 19 492 000,00 26 307 000,00
-M. Profit from business activity
(I+J-K+-L)............................ 41 185 000,00 1 461 000,00
-Q. Gross profit (M+/-N-O+P).......... 41 185 000,00 1 461 000,00
-R. Income tax........................ 6 707 000,00 1 455 000,00
-W. Net profit (Q-R-S+-T+/-U)......... 34 478 000,00 6 000,00
Source of financial data other
annual
CONSOLIDATED PROFIT AND LOSS ACCOUNT 01.01.2012-
31.12.2012
(PLN)
-A. Income from sales and similar..... 395 513 000,00
-B.Cost of products, goods sold....... 190 621 000,00
-C. Gross profit on sale.............. 204 892 000,00
-D. Costs of sale..................... 143 780
000,00
-E. General management costs.......... 40 772 000,00
-F. Profit on sale.................... 20 340
000,00
-G. Other operating incomes.......... 9 255 000,00
-H. Other operating costs............. 7 894 000,00
-I. Profit on operating activities.... 28
086 000,00
-J. Financial incomes................. 1
516 000,00
-K. Financial costs................... 21
275 000,00
-L. Gross profit on economic activity. 9
286 000,00
-N. Gross profit...................... 9
286 000,00
-O. Corporation tax................... -2
990 000,00
-R. Net profit........................ 12
276 000,00
AUDITOR
Consolidated balance sheet as at 31.12.2011
PRO AUDIT KANCELARIA BIEGŁYCH REWIDENTÓW Sp. z o.o., al.
3 Maja 9, 30-062 Kraków No.
2696
Expert auditor Paulina Bąk No.
11912
Locations: seat:
ul. Starowiślna 48, 31-035 Kraków
Phone: 12
6561832
Fax: 12
6565098
E-mail: sekretariat@vistula.pl
Website: www.vistula.com.pl
branches:
ul. Starowiślna 48, 31-035 Kraków
Phone: 12
6561832
Fax: 12
6565098
E-mail: sekretariat@vistula.pl
Website: www.vistula.com.pl
ul. Pułaskiego 11-17, 60-607
Poznań
Phone: 61
8589800
61 8589801
Real Estate No
data
Verification of information on real estate
ownership position through the Real Estate
Register is not covered by the standard
report.
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88, 01-141 Warszawa
PLN 35 000,00 (70,00%)
CHARA sp. z o.o. NIP 5252377770, ul. Mokotowska 4/6/105,
00-641 Warszawa
PLN 9 500,00 (19,00%)
Vipo, Kalingrad, Russian Federation
· shareholder
DCG SA NIP PL 1130015696, ul. Bystrzycka 81A, 04-907
Warszawa -
100 %
Fleet Management GmbH, Eschenheimer Anlage 1, 60316
Frankfurt am Main, Germany -
100 %
Data concerning shares in other companies are valid as at: 30.12.2013.
Connections: ING
Otwarty Fundusz Emerytalny is related to many subjects.
ALMA MARKET SA
- AM2 Sp. z o.o., ul. Pilotów 6, 30-964
Kraków
· shareholder: PLN 5 000,00 (100,00%)
- KRAKOWSKI KREDENS TRADYCJA GALICYJSKA SA
NIP PL
5272523789, ul. Pilotów 6, 30-964 Kraków
· Shareholder: 100 %
- KRAKCHEMIA SA NIP PL 9451923562, ul.
Pułkownika
Stanisława Dąbka 10, 30-832 Kraków
· Shareholder: 42,09 %
- AM1 Sp. z o.o. NIP 9452121712, ul. Pilotów
6, 30-964
Kraków
· shareholder: PLN 5 000,00 (100,00%)
- TARNÓW - AM1 SPÓŁKA Z
OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
sp. k. NIP PL 9452122019, ul. Pilotów 6,
30-964 Kraków
· Limited partners
- PARADISE GROUP Sp. z o.o. NIP PL
6762141050
· shareholder: PLN 5 000 000,00 (100,00%)
- KRAKÓW 1 - AM 1 Sp. z o.o. Spółka
Komandytowa NIP
9452121994, ul. Pilotów 6, 30-964 Kraków
· Limited partners, Comandite sum: PLN 5
000,00
- ALMA DEVELOPMENT Sp. z o.o. NIP
9452046548, ul. Pilotów
6, 30-964 Kraków
· shareholder: PLN 8 000 000,00 (100,00%)
- KRAKÓW 2- AM1 SPÓŁKA Z
OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
sp. k. NIP 9452153149, ul. Pilotów 6, 30-964
Kraków
· Limited partners
- FLOR Sp. z o.o. NIP 6762418646, ul.
Pilotów 6, 30-964
Kraków
· shareholder: PLN 5 000,00 (100,00%)
Radosław Jakociuk , personal ID no.
(PESEL) 74041604017
- DCG SA NIP PL 1130015696, ul. Bystrzycka
81A, 04-907
Warszawa
· member of supervisory board
PIONEER PEKAO INVESTMENT MANAGEMENT SA
- YAWAL SA NIP PL 5730106096, ul.
Lubliniecka 36, 42-284
Herby
· Shareholder: 25,31 %
- PIONEER PEKAO TOWARZYSTWO FUNDUSZY
INWESTYCYJNYCH
SPÓŁKA AKCYJNA NIP 5211182650, ul.
Marynarska 15, 02-674
Warszawa
· Shareholder: 100 %
- POZBUD T&R SA NIP PL 7772668150,
Wysogotowo, ul.
Bukowska 10 A, 62-081 Przeźmierowo
· Shareholder: 7,78 %
- Przetwórstwo Tworzyw Sztucznych PLAST-BOX
SA NIP PL
8390023940, ul. Lutosławskiego 17A,
76-200 Słupsk
· Shareholder: 10 %
- EMC Instytut Medyczny SA NIP PL
8942814132, ul.
Pilczycka 144 -148, 54-144 Wrocław
· Shareholder: 8,41 %
- „BLACK LION FUND SPÓŁKA AKCYJNA” NIP
PL 5261029318, ul.
Mińska 25, 03-808 Warszawa
· Shareholder: 7,55 %
- KREDYT INKASO SA NIP PL 9222544099, ul.
Domaniewska
39A, 02-672 Warszawa
· Shareholder:
7,09 %
- POLISH ENERGY PARTNERS SA NIP PL 5261888932,
ul. Krucza
24/26, 00-526 Warszawa
· Shareholder: 10,64 %
- SKYSTONE CAPITAL SA NIP PL 5261033372, ul.
Paderewskiego 7, 61-770 Poznań
· Shareholder: 12,36 %
- ALMA MARKET SA NIP PL 6760016731, ul.
Pilotów 6, 30-964
Kraków
· Shareholder: 7,21 %
- PROJPRZEM SA NIP PL 5540234098, ul.
Bernardyńska 13,
85-029 Bydgoszcz
· Shareholder: 6,94 %
- IMPERA CAPITAL SA NIP 5261029979, ul.
Złota 59, 00-120
Warszawa
· Shareholder: 9,71 %
Mirosław Panek , personal ID no.
(PESEL) 59032703490
- MENNICA POLSKA OD 1766 sp. z o.o. NIP
5213590057, ul.
Żelazna 56, 00-852 Warszawa
· member of supervisory board
- Lubelskie Zakłady Przemysłu
Skórzanego PROTEKTOR SA NIP
PL 7120102959, ul. Kunickiego 20/24, 20-417
Lublin
· member of supervisory board
- MENNICA POLSKA SA NIP PL 5270023255, ul.
Waliców 11,
00-851 Warszawa
· member of supervisory board
- ATENDE SA NIP PL 9542357358, ul.
Ostrobramska 86,
04-163 Warszawa
· deputy-chairman
- ATM SA NIP PL 1130059989, ul. Grochowska
21A, 04-186
Warszawa
· member
- MOSTOSTAL ZABRZE SA NIP PL 6480001823, ul.
Wolności
191, 41-800 Zabrze
· member
Otwarty Fundusz Emerytalny PZU Złota
Jesień lack of
possibility to present current relationships
for the entity
Grzegorz Karol Pilch , personal ID no.
(PESEL) 67122801096
- Instal Kraków SA NIP PL 6790085487, ul.
Brandla 1,
30-732 Kraków
· member
- DCG SA NIP PL 1130015696, ul. Bystrzycka
81A, 04-907
Warszawa
· member of supervisory board
- PILCH INVESTMENT sp. k.a. NIP 6783145797,
ul. Zjazdu
Gnieźnieńskiego 6/4, 31-619 Kraków
· Limited partners, Comandite sum: PLN 25
000,00
Mateusz Marek Żmijewski , personal ID
no. (PESEL)
76092805430
- DCG SA NIP PL 1130015696, ul. Bystrzycka
81A, 04-907
Warszawa
· member of supervisory board
Grzegorz Wójtowicz , personal ID no. (PESEL)
79112608732
- CROSS BUSINESS sp. z o.o., ul. Flory 9/1,
00-586
Warszawa
· president
- ARLEN SA NIP PL 5261039877, ul.
Sapieżyńska 10, 00-215
Warszawa
· member of supervisory board
- „PIETRZYK ORZECHOWSKI WÓJTOWICZ” sp. k.a.
NIP
5252535513, ul. Flory 9/1, 00-586 Warszawa
· general partner
· member of representation unit
Jerzy Mazgaj , personal ID no. (PESEL)
59102202517
- IVY CAPITAL Sp. z o.o., ul. Grodzka 7,
31-006 Kraków
· shareholder: PLN 50 000,00 (100,00%)
· president
- KRAKCHEMIA SA NIP PL 9451923562, ul.
Pułkownika
Stanisława Dąbka 10, 30-832 Kraków
· Shareholder: 4,46 %
· chairman
- AM1 Sp. z o.o. NIP 9452121712, ul. Pilotów
6, 30-964
Kraków
· president
- „EVERGOOD” sp. z o.o. NIP 6772366537, ul.
Pilotów 6,
30-964 Kraków
· shareholder: PLN 87 500,00 (87,50%)
· president
- FLOR Sp. z o.o. NIP 6762418646, ul.
Pilotów 6, 30-964
Kraków
· president
- KRAKOWSKI KREDENS TRADYCJA GALICYJSKA SA
NIP PL
5272523789, ul. Pilotów 6, 30-964 Kraków
· president
- JM CONSULTING Jerzy Mazgaj NIP 6760001965,
ul. Grodzka
7, 30-964 Kraków
· owner
- DCG SA NIP PL 1130015696, ul. Bystrzycka
81A, 04-907
Warszawa
· member of supervisory board
- ALMA DEVELOPMENT Sp. z o.o. NIP
9452046548, ul. Pilotów
6, 30-964 Kraków
· president
- PREMIUM CIGARS Sp. z o.o. NIP PL
6762304405, ul.
Grodzka 7, 31-006 Kraków
· shareholder: PLN 75 000,00 (75,00%)
· member of supervisory board
- AM2 Sp. z o.o., ul. Pilotów 6, 30-964
Kraków
· president
- ALMA MARKET SA NIP PL 6760016731, ul.
Pilotów 6, 30-964
Kraków
· Shareholder: 28,51 %
· president
Michał Mierzejewski , personal ID no.
(PESEL) 75050700019
- PHILIP MORRIS POLSKA SA NIP PL 6750002182,
al. Jana
Pawła II 196, 31-982 Kraków
· member of board of directors
- PHILIP MORRIS POLSKA DISTRIBUTION sp. z
o.o. NIP
6751373354, al. Jana Pawła II 196,
31-982 Kraków
· member of board of directors
- ZARZĄD PAŁACU KULTURY I NAUKI
Sp. z o.o. NIP PL
5252102317, pl. Defilad 1 lok. 1512, 00-901
Warszawa
· member of supervisory board
- FUNDACJA ŚWIAT IDEI NIP 5252547918,
ul. Grzybowska 3/
U6, 00-132 Warszawa
· member of
supervisory board
Artur Jędrzejewski , personal ID no.
(PESEL) 70051901070
- GAUDI MANAGEMENT SA NIP 5252422312, ul.
Plater Emilii
49, 00-125 Warszawa
· member of supervisory board
- LIBERTY GROUP SA NIP PL 9512235691, ul.
Nowogrodzka 42,
00-695 Warszawa
· member of supervisory board
- POLNORD SA NIP PL 5830006767, ul.
Śląska 35/37, 81-310
Gdynia
· member of supervisory board
- ART NEW MEDIA SA NIP 1132197112, ul.
Stępińska 22/30,
00-739 Warszawa
· member
- POLIMEX - MOSTOSTAL SA NIP PL 8210014509,
ul. Tadeusza
Czackiego 15/17, 00-950 Warszawa
· secretary
- HOTBLOK SA NIP 6342463031, ul. Emilii
Plater 49, 00-125
Warszawa
· member of supervisory board
- IMPERA CAPITAL SA NIP 5261029979, ul.
Złota 59, 00-120
Warszawa
· member of supervisory board
- RUBICON PARTNERS SA NIP 5251347519, ul.
Emilii Plater
28, 00-688 Warszawa
· member of supervisory board
- VENTUS ASSET MANAGEMENT SPÓŁKA
AKCYJNA NIP 5262773160,
ul. Włodarzewska 69A, 02-384 Warszawa
· member of supervisory board
- PCC INTERMODAL SA NIP PL 7491968481, ul.
Hutnicza 16,
81-061 Gdynia
· member
Data
concerning connections are valid as at: 30.12.2013.
Taking overs 22.09.2006
(Entry date) - merger
VISTULA & WÓLCZANKA SA, ul.
Starowiślna 48, 31-035 Kraków
(as taking over)
WÓLCZANKA SA KRS 62987, ul. Wólczańska
243, 93-035 Łódź
(as taken over)
31.12.2008 (Entry date) - merger
VISTULA GROUP SA, ul. Starowiślna 48,
31-035 Kraków
(as taking over)
W.KRUK SA KRS 76902, ul. Pułaskiego 11
-17, 60-607 Poznań
(as taken over)
Certificates: ISO
9001
General information Since
30.09.1993 noDescription noDescription
As on 30.09.2013 the total sales area of the
Vistula Group retail
chain was 24.100 m2.
Banks Bank
BPH SA
ul. PAŁUBICKIEGO 2, 80-175 Gdańsk
Payment Manner In
available sources, payment delays have not
been noted
Credit capability Business
connections appear permissible,
credits should not be refused.
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include spirit
of entrepreneurship, mutual trust lowers transaction costs, small, nimble and
quick to react, information as a source of advantage and philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has
stopped completely.” Demand has started coming from the US, the UK, Japan and
China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
UK Pound |
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
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.