|
Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
NOVIBRA BOSKOVICE
S.R.O. |
|
|
|
|
Registered Office : |
Na Kamenici
2188 680 01 Boskovice |
|
|
|
|
Country : |
Czech Republic |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
13.01.1993 |
|
|
|
|
Com. Reg. No.: |
C 8870 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile, apparel and leather
production |
|
|
|
|
No. of Employees |
480 |
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) |
|
Czech Republic |
A2 |
A2 |
|
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 |
CZECH REPUBLIC ECONOMIC OVERVIEW
The Czech Republic is a stable and prosperous market economy closely integrated with the EU, especially since the country's EU accession in 2004. The auto industry is the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell sharply in 2009. The economy slowly recovered in the second half of 2009 and registered weak growth in the next two years. In 2012, however, the economy fell into a recession again, due both to a slump in external demand and to the government’s austerity measures. The country pulled out of recession in the second half of 2013, and most analysts expect modest, but steady, growth through 2014. Foreign and domestic businesses alike voice concerns about corruption, especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy
|
Source
: CIA |
NOVIBRA BOSKOVICE
S.R.O.
Na Kamenici 2188 680 01 Boskovice
telephone: 00420/ 516 528 101
telefax: 00420/ 516 528 192
e-mail: sales@novibra.com
Web: www.novibra.cz
|
Legal form |
Private limited company |
|
|
Foundation |
13/01/1993 - Private limited company |
|
Comp. Register |
13/01/1993, Krajský
soud v Brně, RegNr.: C 8870 |
|
Share Capital |
30/01/1997 |
CZK |
40.000.000,- |
|
||||
|
Shareholders |
RIETER Holding AG |
CZK |
39.000.000,- |
|
||||
|
|
Rieter Deutschland GmbH & Co.OHG |
CZK |
1.000.000,- |
|
|
|
Management |
Christoph
Schönbächler (28.01.1959) |
||||
|
|
ing. Milan Purket
(07.04.1961) |
|
|
Markus Külzer
(03.12.1964) |
|
|
ing. Milan Purket
(07.04.1961) |
|
|
Nanette Susanne
Haubensak (13.08.1969) |
|
|
Radomila Hadlerová
(31.08.1956) |
|
|
Werner Kurt Strasser
(04.04.1954) |
|
General Data |
Manufacture of spindles for textile industry, of bearings and turned parts for textile machines, job-order turning works. |
||
|
|
Main activity: |
|
|
|
|
Former name(s) |
|
|
Trade name(s) |
|
|
Export: |
100% |
|
|
Import: |
|
|
General contacts: |
|
|
Address: |
|
|
Sokolská 60, 680 01
Boskovice |
|
|
Sokolská 60, Bosokovice
|
|
Staff |
2005 |
364 employees |
|
|
2006 |
360 employees |
|
|
2007 |
432 employees |
|
|
2008 |
430 employees |
|
|
2009 |
262 employees |
|
|
2010 |
389 employees |
|
|
2011 |
351 employees |
|
|
2012 |
377 employees |
|
|
2013 |
482 employees |
|
|
2014 |
480 employees |
|
Annual Sales |
2004 |
actual sales |
CZK |
749.880.000,- |
|
|
|
2005 |
actual sales |
CZK |
648.158.000,- |
|
|
|
2006 |
actual sales |
CZK |
786.043.000,- |
|
|
|
2007 |
actual sales |
CZK |
961.416.000,- |
|
|
|
2008 |
actual sales |
CZK |
509.316.000,- |
|
|
|
2009 |
actual sales |
CZK |
342.807.000,- |
|
|
|
2010 |
actual sales |
CZK |
770.818.000,- |
|
|
|
2011 |
actual sales |
CZK |
889.428.000,- |
|
|
|
2012 |
actual sales |
CZK |
657.530.000,- |
|
|
|
2013 |
actual sales |
CZK |
745.782.000,- |
|
|
|
The company is not
registered in the Central register of executions. |
|
Property |
Property of the company:
Business premises |
|
Balance sheets |
The enclosed balance of
2013 company's own data, it is authenticated by the auditor. (31.12.2013 - 1
CZK) |
|
|
The enclosed
profit/loss account of 2013 company's own data, it is authenticated by the
auditor. (31.12.2013 - 1 CZK) |
|
Remarks |
The company is a holder
of ISO 9001 certificate. |
|
|
Contact: |
|
Bankers |
Komerční banka, a.s.
|
(0100) |
|
Copyright: Creditreform s.r.o. Praha |
This information is addressed exclusively to the addressee. Contractor obligates to provide updated information. Although it is always put maximum effort to collect actual and exact information, it is not confirmed as delinquency if there are particular inaccurateness contained within the information, which are not considered as essential in terms of the objective for which the information is provided to the addressee. Contractor and recipient conform to the rules of the Name and Description Security Act, Nub.101/2000. According to the Name and Description Security Act, recipient has the right to process or to use forwarding data only for the purpose for which information has been sent to the recipient. Usage for other purpose is acceptable only in case referring to valid regulations of the above mentioned act. |
|
|
|
balance |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
31.12.2012 (CZK) |
31.12.2013 (CZK) |
|
r1 |
TOTAL ASSETS |
634.594.000 |
616.998.000 |
585.095.000 |
598.297.000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed assets |
335.647.000 |
322.181.000 |
317.736.000 |
303.266.000 |
|
r4 |
Intangible fixed assets |
1.479.000 |
1.488.000 |
1.201.000 |
724.000 |
|
r7 |
Software |
|
329.000 |
332.000 |
144.000 |
|
r8 |
Valuable rights |
1.479.000 |
1.159.000 |
869.000 |
580.000 |
|
r13 |
Tangible fixed assets |
334.168.000 |
320.693.000 |
316.535.000 |
302.542.000 |
|
r14 |
Lands |
3.481.000 |
3.481.000 |
3.481.000 |
4.974.000 |
|
r15 |
Constructions |
146.267.000 |
139.551.000 |
133.290.000 |
126.809.000 |
|
r16 |
Equipment |
182.019.000 |
174.253.000 |
173.242.000 |
155.888.000 |
|
r20 |
Tangible fixed assets under construction |
280.000 |
3.408.000 |
6.522.000 |
14.871.000 |
|
r21 |
Advance payments for tangible fixed assets |
2.121.000 |
|
|
|
|
r23 |
Long-term financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current assets |
298.637.000 |
294.614.000 |
267.286.000 |
294.917.000 |
|
r32 |
Inventory |
112.643.000 |
100.004.000 |
99.407.000 |
109.706.000 |
|
r33 |
Materials |
64.057.000 |
56.059.000 |
58.660.000 |
47.876.000 |
|
r34 |
Work in progress and semi-products |
36.804.000 |
33.798.000 |
27.781.000 |
40.728.000 |
|
r35 |
Finished products |
9.545.000 |
8.695.000 |
11.005.000 |
18.715.000 |
|
r37 |
Merchandise |
2.237.000 |
1.452.000 |
1.961.000 |
2.387.000 |
|
r39 |
Long-term receivables |
25.000 |
33.000 |
42.000 |
36.000 |
|
r44 |
Long-term deposits given |
25.000 |
33.000 |
42.000 |
36.000 |
|
r48 |
Short-term receivables |
140.814.000 |
127.472.000 |
122.558.000 |
138.312.000 |
|
r49 |
Trade receivables |
128.636.000 |
87.717.000 |
109.566.000 |
121.386.000 |
|
r50 |
Receivables from controlled and managed organizations |
|
29.325.000 |
|
1.334.000 |
|
r54 |
Due from state - tax receivable |
11.419.000 |
10.033.000 |
12.800.000 |
14.700.000 |
|
r55 |
Short-term deposits given |
548.000 |
284.000 |
188.000 |
852.000 |
|
r56 |
Estimated receivable |
3.000 |
103.000 |
|
7.000 |
|
r57 |
Other receivables |
208.000 |
10.000 |
4.000 |
33.000 |
|
r58 |
Short-term financial assets |
45.155.000 |
67.105.000 |
45.279.000 |
46.863.000 |
|
r59 |
Cash |
346.000 |
307.000 |
449.000 |
629.000 |
|
r60 |
Bank accounts |
44.809.000 |
66.798.000 |
44.830.000 |
46.234.000 |
|
r63 |
Accruals |
310.000 |
203.000 |
73.000 |
114.000 |
|
r64 |
Deferred expenses |
310.000 |
201.000 |
73.000 |
114.000 |
|
r66 |
Deferred income |
|
2.000 |
|
|
|
r67 |
TOTAL LIABILITIES |
634.594.000 |
616.998.000 |
585.095.000 |
598.297.000 |
|
r68 |
Equity |
323.486.000 |
408.328.000 |
372.819.000 |
385.502.000 |
|
r69 |
Registered capital |
40.000.000 |
40.000.000 |
40.000.000 |
40.000.000 |
|
r70 |
Registered capital |
40.000.000 |
40.000.000 |
40.000.000 |
40.000.000 |
|
r73 |
Capital funds |
0 |
0 |
0 |
0 |
|
r78 |
Reserve funds, statutory reserve account for cooperatives, and other retained earnings |
4.000.000 |
4.000.000 |
4.000.000 |
4.000.000 |
|
r79 |
Legal reserve fund / indivisible fund |
4.000.000 |
4.000.000 |
4.000.000 |
4.000.000 |
|
r81 |
Profit / loss - previous years |
166.626.000 |
279.486.000 |
296.328.000 |
307.819.000 |
|
r82 |
Retained earnings from previous years |
251.551.000 |
364.411.000 |
381.253.000 |
392.744.000 |
|
r83 |
Accumulated losses from previous years |
-84.925.000 |
-84.925.000 |
-84.925.000 |
-84.925.000 |
|
r84 |
Profit / loss - current year (+/-) |
112.860.000 |
84.842.000 |
32.491.000 |
33.683.000 |
|
r85 |
Liabilities |
311.104.000 |
208.669.000 |
212.271.000 |
212.794.000 |
|
r86 |
Reserves |
7.099.000 |
17.989.000 |
10.123.000 |
13.512.000 |
|
r89 |
Income tax reserves |
|
11.013.000 |
3.101.000 |
3.342.000 |
|
r90 |
Other reserves |
7.099.000 |
6.976.000 |
7.022.000 |
10.170.000 |
|
r91 |
Long-term payables |
107.099.000 |
91.718.000 |
89.076.000 |
20.333.000 |
|
r93 |
Payables to controlled and managed organizations |
81.445.000 |
64.500.000 |
62.850.000 |
|
|
r101 |
Deferred tax liability |
25.654.000 |
27.218.000 |
26.226.000 |
20.333.000 |
|
r102 |
Short-term payables |
194.949.000 |
98.962.000 |
113.072.000 |
178.949.000 |
|
r103 |
Trade payables |
88.010.000 |
59.096.000 |
79.702.000 |
87.421.000 |
|
r104 |
Payables to controlled and managed organizations |
85.572.000 |
19.350.000 |
10.578.000 |
68.563.000 |
|
r107 |
Payroll |
8.353.000 |
7.072.000 |
7.415.000 |
8.844.000 |
|
r108 |
Payables to social securities and health insurance |
4.535.000 |
3.853.000 |
4.038.000 |
4.939.000 |
|
r109 |
Due from state - tax liabilities and subsidies |
850.000 |
737.000 |
787.000 |
980.000 |
|
r110 |
Short-term deposits received |
4.988.000 |
5.408.000 |
7.115.000 |
2.824.000 |
|
r112 |
Estimated payables |
2.455.000 |
3.336.000 |
3.307.000 |
5.201.000 |
|
r113 |
Other payables |
186.000 |
110.000 |
130.000 |
177.000 |
|
r114 |
Bank loans and financial accommodations |
1.957.000 |
0 |
0 |
0 |
|
r115 |
Long-term bank loans |
0 |
0 |
0 |
0 |
|
r116 |
Short-term bank loans |
1.957.000 |
0 |
0 |
0 |
|
r117 |
Short-term accommodations |
0 |
0 |
0 |
0 |
|
r118 |
Accruals |
4.000 |
1.000 |
5.000 |
1.000 |
|
r119 |
Accrued expenses |
4.000 |
1.000 |
5.000 |
1.000 |
|
|
profit/loss account |
31.12.2010 (CZK) |
31.12.2011 (CZK) |
31.12.2012 (CZK) |
31.12.2013 (CZK) |
|
a1 |
Turnover |
770.818.000 |
889.428.000 |
657.530.000 |
745.782.000 |
|
a2 |
Revenues from sold goods |
3.486.000 |
1.801.000 |
4.098.000 |
2.957.000 |
|
a3 |
Expenses on sold goods |
2.508.000 |
1.364.000 |
3.400.000 |
1.685.000 |
|
a4 |
Sale margin |
978.000 |
437.000 |
698.000 |
1.272.000 |
|
a5 |
Production |
786.441.000 |
884.304.000 |
652.004.000 |
766.192.000 |
|
a6 |
Revenues from own products and services |
767.332.000 |
887.627.000 |
653.432.000 |
742.825.000 |
|
a7 |
Change in inventory of own products |
19.109.000 |
-3.323.000 |
-2.539.000 |
23.367.000 |
|
a8 |
Capitalization |
|
|
1.111.000 |
|
|
a9 |
Production consumption |
492.241.000 |
582.443.000 |
426.225.000 |
502.818.000 |
|
a10 |
Consumption of material and energy |
351.410.000 |
401.340.000 |
306.664.000 |
358.154.000 |
|
a11 |
Services |
140.831.000 |
181.103.000 |
119.561.000 |
144.664.000 |
|
a12 |
Added value |
295.178.000 |
302.298.000 |
226.477.000 |
264.646.000 |
|
a13 |
Personnel expenses |
140.395.000 |
172.650.000 |
149.616.000 |
173.962.000 |
|
a14 |
Wages and salaries |
103.271.000 |
127.458.000 |
110.397.000 |
127.780.000 |
|
a16 |
Social security expenses and health insurance |
34.743.000 |
42.459.000 |
36.562.000 |
42.801.000 |
|
a17 |
Other social expenses |
2.381.000 |
2.733.000 |
2.657.000 |
3.381.000 |
|
a18 |
Taxes and fees |
219.000 |
246.000 |
259.000 |
282.000 |
|
a19 |
Depreciations of intangible and tangible assets |
44.532.000 |
42.779.000 |
45.158.000 |
51.152.000 |
|
a20 |
Revenues from disposals of fixed assets and materials |
20.902.000 |
24.070.000 |
24.483.000 |
28.804.000 |
|
a21 |
Revenues from disposals of fixed assets |
165.000 |
35.000 |
61.000 |
190.000 |
|
a22 |
Revenues from disposals of materials |
20.737.000 |
24.035.000 |
24.422.000 |
28.614.000 |
|
a23 |
Net book value of disposed fixed assets and materials |
4.835.000 |
5.340.000 |
5.862.000 |
9.075.000 |
|
a24 |
Net book value of sold fixed assets |
159.000 |
|
|
|
|
a25 |
Net book value of sold material |
4.676.000 |
5.340.000 |
5.862.000 |
9.075.000 |
|
a26 |
Change in operating reserves and adjustments and complex deferred costs ( + / - ) |
3.125.000 |
-2.434.000 |
-81.000 |
8.848.000 |
|
a27 |
Other operating revenues |
1.198.000 |
1.247.000 |
2.047.000 |
1.216.000 |
|
a28 |
Other operating expenses |
4.740.000 |
6.146.000 |
7.779.000 |
5.158.000 |
|
a31 |
Operating profit / loss |
119.432.000 |
102.888.000 |
44.414.000 |
46.189.000 |
|
a43 |
Interest revenues |
50.000 |
621.000 |
331.000 |
11.000 |
|
a44 |
Interest expenses |
12.342.000 |
6.892.000 |
3.748.000 |
3.313.000 |
|
a45 |
Other financial revenues |
25.287.000 |
20.698.000 |
13.912.000 |
12.276.000 |
|
a46 |
Other financial expenses |
17.959.000 |
19.896.000 |
14.882.000 |
13.991.000 |
|
a49 |
Profit / loss from financial operations ( transactions ) |
-4.964.000 |
-5.469.000 |
-4.387.000 |
-5.017.000 |
|
a50 |
Income tax on ordinary income |
1.608.000 |
12.577.000 |
7.536.000 |
7.489.000 |
|
a51 |
Due tax |
|
11.013.000 |
8.528.000 |
13.382.000 |
|
a52 |
Tax deferred |
1.608.000 |
1.564.000 |
-992.000 |
-5.893.000 |
|
a53 |
Operating profit / loss ordinary activity |
112.860.000 |
84.842.000 |
32.491.000 |
33.683.000 |
|
a59 |
Operating profit / loss extraordinary activity |
0 |
0 |
0 |
0 |
|
a61 |
Profit / loss of current accounting period (+/-) |
112.860.000 |
84.842.000 |
32.491.000 |
33.683.000 |
|
a62 |
Profit / loss before tax (+/-) |
114.468.000 |
97.419.000 |
40.027.000 |
41.172.000 |
|
Operating cash flow |
33.633.000 |
70.083.000 |
88.443.000 |
|
|
|
Investment cash flow |
-6.271.000 |
-29.231.000 |
-40.619.000 |
|
|
|
Financial cash flow |
1.957.000 |
-18.902.000 |
-69.650.000 |
|
|
|
Receivables after due date total |
1.956.000 |
10.126.000 |
5.039.000 |
6.299.000 |
|
|
Liabilities after due date total |
27.729.000 |
17.703.000 |
34.653.000 |
19.859.000 |
|
Balance indices |
|
31.12.2010 |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
18,04 |
15,79 |
6,84 |
6,88 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
35,39 |
23,86 |
10,74 |
10,68 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
14,85 |
10,95 |
6,09 |
5,52 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
60,91 |
36,00 |
60,82 |
59,41 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
41,67 |
24,25 |
44,24 |
42,79 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
53,34 |
41,04 |
55,18 |
53,69 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
101.731,00 |
195.652,00 |
154.214,00 |
115.968,00 |
|
Ratio of accounts payable to accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
46,63 |
66,87 |
60,65 |
69,42 |
|
Ratio of profit/loss to tangible assets (in%) |
r3 / a1 * 100 |
43,54 |
36,22 |
48,32 |
40,66 |
|
Current ratio |
r31 / (r102+r116+r117) |
1,52 |
2,98 |
2,36 |
1,65 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
0,94 |
1,97 |
1,48 |
1,03 |
|
Cash ratio |
r58 / (r102+r116+r117) |
0,23 |
0,68 |
0,40 |
0,26 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
49,02 |
33,82 |
36,28 |
35,57 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
49,02 |
33,82 |
36,28 |
35,57 |
|
|
|||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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.