MIRA INFORM REPORT

 

 

Report Date :

22.07.2014

 

IDENTIFICATION DETAILS

 

Name :

LPKF D.O.O. 

 

 

Registered Office :

Polica 33, 4202 Naklo

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

09.02.1993

 

 

Com. Reg. No.:

10429300               

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         Engaged in manufacturing machinery for electro industry

engaged in development, Design, Manufacturing, Engineering and Sales of machinery, equipment, tools and laser systems - hardware and software;

Engaged in Development, Design, Manufacture and Sale of electronic, precision and plastic elements and components - hardware and software as well as cooperative production

 

 

No of Employees :

102 (2014)

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Slovenia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

slovenia ECONOMIC OVERVIEW

 

With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe. Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political transitions in Central and Southeastern Europe. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. In 2007, Slovenia was invited to begin the process for joining the OECD; it became a member in 2012. However, long-delayed privatizations, particularly within Slovenia’s largely state-owned and increasingly indebted banking sector, have fueled investor concerns since 2012 that the country would need EU-IMF financial assistance. In 2013, the European Commission granted Slovenia permission to begin recapitalizing ailing lenders and transferring their nonperforming assets into a “bad bank” established to restore bank balance sheets. Yield-seeking bond investors’ strong demand for Slovenian debt helped the government in 2013 to continue to finance itself independently on international markets. The government has embarked on a program of state asset sales intended to bolster investor confidence in the economy, which in 2014 is poised to contract 1%, its third-year of recession.

 

Source : CIA

 

 

Company name & address

 

LPKF d.o.o.

 

Polica 33,

4202 Naklo

Phone: 0592 088 00

Telefax:             0592 088 20

E-Mail:              info@lpkf.si

Web:                www.lpkf.si

 

Company summary

 

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

 

Established

·         on  09/02/1993 - d.o.o. - Limited liability company (Ltd.)  last entry on 07.01.2014                                       

on 14.5.2007 change of registered address from Zgornje Jezersko 32, Zgornje Jezersko to Polica 33, Naklo              

 

Registered on   09/02/1993, Kranj,

 

Registration number:      10429300               

 

Tax number:                  SI14682931                                         

 

Company number:          5711096                                        

 

Registered                    EUR           52.162,00    

capital                                                                        

 

Owner       LPKF LASER & ELECTRONICS            EUR           52.162,00    

                AKTIENGESELLSCHAFT                                             

                Ostriede 7, 30827 Garbsen, Germany                             

 

Manager                Bojan Gorazd Zalar                                              

                Šmartinska cesta 24, 1000 Ljubljana                            

                confidential clerk                                             

                Boštjan Podobnik                                                

                Malnarjeva ulica 28, 1000 Ljubljana                            

                director                                                       

                Silvana Kikelj                                                 

                Zasip, Rebr 30, 4260 Bled                                      

                confidential clerk                                             

                Wolfgang Zeike                                                 

                Flensburger str. 4, 10557 Berlin, Germany                      

                director                                                       


trade marks

 

ProtoPrint, ProtoPlace, ProtoFlow, ZelFlex in    

ZelFlex Protect                                                 

 

significant customer: LPKF LASER & ELECTRONICS AG              

                                                                               

headquarters and business-production premises are located on  

the address above                                               

 

 

Main activity

 

·         Engaged in manufacturing machinery for electro industry

engaged in development, Design, Manufacturing, Engineering and Sales of machinery, equipment, tools and laser systems - hardware and software;

Engaged in Development, Design, Manufacture and Sale of electronic, precision and plastic elements and components - hardware and software as well as cooperative production

 

 

Export:

Germany

Hongkong

China

USA

Italy

Spain

Russia

Japan

Great-Britain

Egypt

Import:

China

Germany

 

Residence address:

Polica 33, 4202 Naklo

Phone:

0592 088 00

Telefax:

0592 088 20

E-Mail:  info@lpkf.si

Web:  www.lpkf.si

Other activities     

 

Employees

2008    46 employees

2009    48 employees

2010    48 employees

2011    62 employees

2012    81 employees

2013    100 employees

2014    102 employees

 

Annual turnover

2008            Enterprise turnover EUR         7.006.571,-    

2009            Enterprise turnover EUR         5.278.693,-

2010            Enterprise turnover EUR        11.183.868,-

2011            Enterprise turnover EUR        11.945.869,-

2012            Enterprise turnover EUR        16.248.377,-

2013            Enterprise turnover EUR        15.893.949,-

 

Property

Company's property: Land and buildings per 31.12.2013                                                

SI-

Book value: 2.565.407,- EUR (Official source)

 

Company's

property: Business premises

          4202 Naklo, Polica  33                                         

 

Remarks        

Company Name:                                                  

LPKF LASER & ELECTRONICS d.o.o.                                

 

Bank relations

NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA:

Central address: SI Trg republike 2, 1520 Ljubljana

Account number: SI56 0206 8001 7951 436

 

SKB BANKA d.d. LJUBLJANA:

Central address: SI Ajdovščina 4, 1513 Ljubljana

Account number: SI56 0313 8100 0489 121

 

GORENJSKA BANKA d.d.:

Central address: SI Bleiweisova cesta 1, 4000 Kranj

 

Account number:                       SI56 0700 0000 0009 984

 

Company development                                                                    

Constant

 

Business course

good                                                  


Terms of payment                                                                         

Within agreed terms                                     

 

Business       

Business connection are permissible connection                                                                     

 

Financial data

 

A. The enclosed balance of 2013 is originated from official source, it is not  

authenticated by the auditor. (31.12.2013 - 1 EUR)                             

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

authenticated by the auditor. (31.12.2012 - 1 EUR)                             

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

authenticated by the auditor. (31.12.2011 - 1 EUR)                             

D. The enclosed balance of 2010 is the company's own report, it is not authenticated by the auditor. (31.12.2010 - 1 EUR)

balance                              A           B           C           D

                            31.12.2013  31.12.2012  31.12.2011  31.12.2010

ASSETS (AKTIVA)             10.995.807  11.499.959  11.434.725   8.422.347

LONG-TERM ASSETS             3.198.651   3.269.109   3.141.033   2.867.597

Intangible assets and           69.005      81.667      66.029      61.826

long-term deferred costs                                                  

and accrued revenues                                                      

Intangible assets               69.005      81.667      66.029      61.826

Long-term deferred costs             0           0           0            

and accrued revenues                                                      

Tangible fixed assets        3.092.107   3.132.520   3.020.941   2.744.270

Long-term financial              1.000       1.000      15.689             

investments and Real                                                      

estate investments                                                        

Investment property                  0           0           0           0

Long-term financial              1.000       1.000      15.689      30.017

investments                                                               

Long-term operating                  0           0           0           0

receivables                                                                

Deferred receivables for        36.539      53.922      38.374      31.484

taxes                                                                     

>SHORT-TERM ASSETS          >7.596.198  >8.052.989  >8.187.221  >5.474.555

Assets (group for                    0           0           0           0

estrange) for sell                                                        

Inventories                  3.740.882   4.632.967   3.056.469   2.448.745

Short-term financial         1.000.000   1.719.457   3.164.327   1.634.009

investments                                                               

Short-term operating         1.804.558   1.489.906   1.886.075   1.161.662

receivables                                                                

Cash assets                  1.050.758     210.659      80.350     230.139

>Short-term deferred          >200.958    >177.861    >106.471     >80.195

costs and accrued revenues                                                

Off-balance sheet items        333.333     480.968     614.301     600.000

>LIABILITIES               >10.995.807 >11.499.959 >11.434.725  >8.422.347

>CAPITAL                    >8.438.173  >8.816.300  >8.593.905  >6.150.661

Called-up capital               52.162      52.162      52.162      52.162

Basic (subscribed) capital      52.162      52.162      52.162      52.162

Non called-up capital                0           0           0           0

(deductive item)                                                           

 Capital reserves                    0           0           0           0

Reserves from profit             5.216       5.216       5.216       5.216

Surplus from revaluation             0           0           0           0

Retained net                 5.658.922   5.536.527   6.093.284   3.957.800

Net business result for      2.721.873   3.222.395   2.443.243   2.135.483

the business year                                                         

>PROVISIONS AND LONG-TERM     >429.872    >634.378    >383.737    >314.839

ACCRUED COSTS AND                                                         

DEFERRED REVENUES                                                         

>FINANCIAL AND BUSINESS     >1.693.383  >2.004.056  >2.349.608             

LIABILITIES                                                               

LONG-TERM LIABILITIES          200.000     333.333     466.667     600.000

Long-term financial            200.000     333.333     466.667     600.000

liabilities                                                                

Long-term operating                  0           0           0           0

liabilities                                                               

Deferred liabilities for             0           0           0           0

taxes                                                                     

>SHORT-TERM LIABILITIES     >1.493.383  >1.670.723  >1.882.941  >1.280.974

Liabilities, included in             0           0           0           0

groups for estrange                                                       

Short-term financial           133.333     133.333     133.333           0

liabilities                                                               

Short-term operating         1.360.050   1.537.390   1.749.608   1.280.974

liabilities                                                               

SHORT-TERM ACCRUED COSTS       434.379      45.225     107.475      75.873

AND DEFERRED REVENUES                                                      

Off-balance sheet items        333.333     480.968     614.301     600.000

A. The enclosed profit and loss account of 2013 is originated from official    

source, it is not authenticated by the auditor. (31.12.2013 - 1 EUR)           

B. The enclosed profit and loss account of 2012 is originated from official    

source, it is not authenticated by the auditor. (31.12.2012 - 1 EUR)           

C. The enclosed profit and loss account of 2011 is originated from official    

source, it is not authenticated by the auditor. (31.12.2011 - 1 EUR)           

D. The enclosed profit and loss account of 2010 is the company's own report, it is not authenticated by the auditor. (31.12.2010 - 1 EUR)

profit and loss account              A           B           C           D

                            31.12.2013  31.12.2012  31.12.2011  31.12.2010

>Net sales                 >15.068.042 >15.232.919 >11.677.119 >10.202.374

>Changes in the value of     >-183.001    >572.078                        

inventories of products                                                   

and work-in-process                                                       

>Capitalised own products     >125.079      >5.700                        

and own services                                                           

>Other operating revenues     >811.960    >358.107                        

(with subventions,                                                        

grants,...)                                                                

>GROSS OPERATING YIELD     >15.822.080 >16.168.804             >10.957.156

>Cost of goods, material    >8.367.526  >8.372.247              >5.982.988

and services                                                              

Purchase value of goods      6.795.139   7.211.563                        

and materials sold and                                                    

cost of material and cost                                                 

of material used                                                           

Cost of services             1.572.387   1.160.684                        

>Labour cost                >3.703.610  >3.321.654              >1.975.593

Cost of wages                2.756.269   2.592.858               1.527.443

Cost of pension insurance      271.355     235.855                 141.577

Cost of other social           261.793     193.215                 115.981

insurance                                                                 

Other labour cost              414.193     299.726                 190.592

>Write-offs                   >373.529    >272.465                >297.098

Depreciation                   267.338     255.425                 191.718

Revaluation operating                0           0                       0

expenses for non-tangible                                                 

assets and tangible fixed                                                 

assets                                                                     

Revaluation operating          106.191      17.040                 105.380

expenses for current                                                      

assets                                                                    

Other operating expenses       135.107     301.497                 281.000

OPERATING REVENUES          16.005.081  15.596.726                        

>OPERATING EXPENSES        >12.579.772 >12.267.863                        

>OPERATING RESULT           >3.425.309  >3.328.863                         

>EBIT                       >3.242.308  >3.900.941  >3.031.276            

Financial income from                0           0           0           0

investments in other                                                      

enterprises                                                               

Financial income from                0      79.546      54.743      52.991

loans                                                                     

Financial income from           71.864           0           0           0

operating receivables                                                     

Financial expenses from         16.359           0           0           0

depreciation and write-                                                    

offs of financial                                                         

investments                                                               

Financial expenses from         17.193      25.259      26.900      31.629

financial liabilities                                                     

Financial expenses from              0      32.832       7.934      11.579

operating liabilities                                                     

Financial income                71.864      79.546      54.743            

Financial expenses              33.552      58.091      34.834            

Other revenues                       5          27          83     173.721

Other expenses                   2.244         258          69         264

Total revenues              15.893.949  16.248.377  11.945.869            

>Total costs               >12.615.568 >12.326.212  >8.894.670            

Total business result        3.278.381   3.922.165   3.051.199   2.603.717

>Tax on profit                >539.125    >715.318    >614.846    >499.718

Deferred taxs                   17.383     -15.548      -6.890     -31.484

Net business result for      2.721.873   3.222.395   2.443.243   2.135.483

the accounting period                                                      

        

                                                     

Ratios                                     2010    2011    2012    2013

                Equity ratio               0,01       0       0       0

                Cleared equity ratio       0,01       0       0       0

                Current liquidity          4,27    4,35    4,82    5,09

                Quick liquidity            2,36    2,72    2,05    2,58

                Working capital         4193581 6304280 6382266 6102815

                Gearing                     161     219     220     211

                Cleared gearing            11,5    11,5    8,95    6,39

                Profitability               n/a   25,54   24,14   20,63

                Operating profitability     n/a   20,45   19,83   17,13

                Stock days                  n/a   93,39     104   85,91

                Debtor days                 n/a   57,63   33,47   41,44

                Supplier days               n/a   53,46   34,54   31,23

 

Copyright:     

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


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.19

UK Pound

1

Rs.102.87

Euro

1

Rs.81.48

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

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.