|
Report Date : |
01.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ING. BOHUMIL KRATOCHVÍL - IBK TRADE |
|
|
|
|
Registered Office : |
Dolanská 7/337, 161 00 Praha 6, Liboc |
|
|
|
|
Country : |
Czech Republic |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
19.08.2004 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesale of other food, including fish, crustaceans and molluscs |
|
|
|
|
No of Employees : |
30 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Czech Republic |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
ING. BOHUMIL KRATOCHVÍL - IBK
TRADE
DOLANSKÁ 7/337
161 00 PRAHA 6, LIBOC
TELEPHONE: 00420/ 220 562 158
TELEFAX: 00420/ 220 199 377 - 8
E-MAIL: INFO@IBK-TRADE.CZ
WEB: WWW.IBK-TRADE.CZ
|
Legal form |
Sole proprietorship |
|
|
Foundation |
19/08/2004 - Sole proprietorship |
|
|
Comp. Register |
19/08/2004, Městský soud v Praze, RegNr.:
A 50202 |
|||
|
Proprietor |
Ing. Bohumil
Kratochvíl (30.03.1952) |
|
||
|
General Data |
Import,
processing, packing and distribution of nuts, dried fruit, |
|
|
|
Main activity: |
|
|
|
Trade name(s) |
|
|
|
Export: |
25% |
|
|
Import: |
|
|
|
General
contacts: |
|
|
|
Address: |
|
|
business
locations: |
|
|
Warehouse of the
business: |
|
|
Staff |
2007 |
25 employees |
|
|
2008 |
25 employees |
|
|
2009 |
23 employees |
|
|
2010 |
23 employees |
|
|
2011 |
23 employees |
|
|
2013 |
29 employees |
|
|
2014 |
30 employees |
|
|
and external workers
as needed |
|
|
|
Annual Sales |
2004 |
actual sales |
CZK |
199 301 000,-
|
|
|
|
2005 |
actual sales |
CZK |
236 279 000,-
|
|
|
|
2006 |
actual sales |
CZK |
212 801 000,-
|
|
|
|
2007 |
actual sales |
CZK |
247 543 000,-
|
|
|
|
2008 |
actual sales |
CZK |
278 682 000,-
|
|
|
|
2009 |
actual sales |
CZK |
290 274 000,-
|
|
|
|
2010 |
actual sales |
CZK |
365 167 000,-
|
|
|
|
2011 |
actual sales |
CZK |
366 885 000,-
|
|
|
|
2012 |
actual sales |
CZK |
386 109 000,-
|
|
|
|
2013 |
actual sales |
CZK |
492 604 000,-
|
|
|
|
|
|
Property |
Property of the couple: freehold flat |
|
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 |
All the sources
of negative data accessible to public (insolvency registers, databases of debtors
of health insurance institutions, commercial bulletin, collection database of
Creditreform and others) are currently monitored. |
|
|
Trade licensing office of the municipal
part of Prague 6 |
|
Bankers |
Citfin, spořitelní družstvo |
(2060) |
|
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. |
|
Financial
Statement
|
||
|
BALANCE |
31.12.2010 (CZK)
|
31.12.2011 (CZK)
|
31.12.2012 (CZK)
|
31.12.2013 (CZK)
|
|
TOTAL ASSETS |
184 293 000 |
194 567 000 |
198 216 000 |
220 748 000 |
|
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
Fixed assets |
31 557 000 |
32 982 000 |
45 592 000 |
60 177 000 |
|
Intangible fixed assets |
24 000 |
0 |
415 000 |
273 000 |
|
Incorporation expenses |
0 |
0 |
|
|
|
Research and development |
0 |
0 |
|
|
|
Software |
24 000 |
0 |
415 000 |
273 000 |
|
Valuable rights |
0 |
0 |
|
|
|
Goodwill |
0 |
0 |
|
|
|
Other intangible fixed assets |
0 |
0 |
|
|
|
Intangible fixed assets under construction |
0 |
0 |
|
|
|
Advance payments for intangible fixed assets |
0 |
0 |
|
|
|
Tangible fixed assets |
27 493 000 |
28 902 000 |
32 930 000 |
59 904 000 |
|
Lands |
656 000 |
656 000 |
800 000 |
800 000 |
|
Constructions |
21 414 000
|
20 476 000
|
19 854 000
|
18 955 000
|
|
Equipment |
4 203 000
|
2 411 000
|
5 662 000
|
6 236 000
|
|
Perennial corps |
0 |
0 |
|
|
|
Breeding and draught animals |
0 |
0 |
|
|
|
Other tangible fixed assets |
0 |
0 |
|
|
|
Tangible fixed assets under construction |
1 220 000
|
5 359 000
|
6 614 000
|
33 913 000
|
|
Advance payments for tangible fixed assets |
0 |
0 |
|
|
|
Adjustment to acquired assets |
0 |
0 |
|
|
|
Long-term financial assets |
4 040 000 |
4 080 000 |
12 247 000 |
0 |
|
Shares in controlled and managed organizations |
0 |
0 |
|
|
|
Shares in accounting units with substantial influence |
0 |
0 |
|
|
|
Other securities and shares |
0 |
0 |
|
|
|
Loans to controlled and managed organizations and to accounting unit
with substantial influence |
0 |
0 |
|
|
|
Other financial investments |
4 040 000
|
4 080 000
|
12 247 000
|
|
|
Financial investments acquired |
0 |
0 |
|
|
|
Advance payments for long-term financial assets |
0 |
0 |
|
|
|
Current assets |
152 567 000 |
161 362 000 |
152 491 000 |
160 482 000 |
|
Inventory |
57 623 000 |
85 634 000 |
82 433 000 |
84 634 000 |
|
Materials |
53 884 000
|
77 774 000
|
74 107 000
|
75 243 000
|
|
Work in progress and semi-products |
0 |
0 |
|
|
|
Finished products |
2 612 000
|
7 860 000
|
8 314 000
|
9 391 000
|
|
Animals |
0 |
0 |
|
|
|
Merchandise |
0 |
0 |
12 000 |
|
|
Advance payments for inventory |
1 127 000
|
0 |
|
|
|
Long-term receivables |
0 |
0 |
0 |
0 |
|
Trade receivables |
0 |
0 |
|
|
|
Receivables from controlled and managed organizations |
0 |
0 |
|
|
|
Receivables from accounting units with substantial influence |
0 |
0 |
|
|
|
Receivables from partners, cooperative members and association members
|
0 |
0 |
|
|
|
Long-term deposits given |
0 |
0 |
|
|
|
Estimated receivable |
0 |
0 |
|
|
|
Other receivables |
0 |
0 |
|
|
|
Deferred tax receivable |
0 |
0 |
|
|
|
Short-term receivables |
77 770 000 |
64 546 000 |
51 372 000 |
70 294 000 |
|
Trade receivables |
76 952 000
|
63 224 000
|
50 145 000
|
65 376 000
|
|
Receivables from controlled and managed organizations |
0 |
0 |
|
|
|
Receivables from accounting units with substantial influence |
0 |
0 |
|
|
|
Receivables from partners, cooperative members and association members
|
0 |
0 |
|
|
|
Receivables from social security and health insurance |
0 |
0 |
|
|
|
Due from state - tax receivable |
0 |
5 000 |
58 000 |
1 102 000
|
|
Short-term deposits given |
385 000 |
1 314 000
|
1 169 000
|
3 775 000
|
|
Estimated receivable |
0 |
0 |
|
31 000 |
|
Other receivables |
433 000 |
3 000 |
|
10 000 |
|
Short-term financial assets |
17 174 000 |
11 182 000 |
18 686 000 |
5 554 000 |
|
Cash |
228 000 |
47 000 |
315 000 |
194 000 |
|
Bank accounts |
16 946 000
|
11 135 000
|
18 371 000
|
5 360 000
|
|
Short-term securities and ownership interests |
0 |
0 |
|
|
|
Short-term financial assets acquired |
0 |
0 |
|
|
|
Accruals |
169 000 |
223 000 |
133 000 |
89 000 |
|
Deferred expenses |
169 000 |
223 000 |
133 000 |
89 000 |
|
Complex deferred costs |
0 |
0 |
|
|
|
Deferred income |
0 |
0 |
|
|
|
TOTAL LIABILITIES |
184 293 000 |
194 567 000 |
198 216 000 |
220 748 000 |
|
Equity |
159 195 000 |
166 864 000 |
184 993 000 |
190 722 000 |
|
Registered capital |
156 774 000 |
160 374 000 |
179 876 000 |
188 697 000 |
|
Registered capital |
156 774 000
|
160 374 000
|
179 876 000
|
188 697 000
|
|
Company’s own shares and ownership interests (-) |
0 |
0 |
|
|
|
Changes of registered capital ( +/- ) |
0 |
0 |
|
|
|
Capital funds |
0 |
0 |
0 |
0 |
|
Share premium |
0 |
0 |
|
|
|
Other capital funds |
0 |
0 |
|
|
|
Differences from revaluation of assets and liabilities ( +/- ) |
0 |
0 |
|
|
|
Differences from revaluation in transformation ( +/- ) |
0 |
0 |
|
|
|
Reserve funds, statutory reserve account for cooperatives, and other
retained earnings |
0 |
0 |
0 |
0 |
|
Legal reserve fund / indivisible fund |
0 |
0 |
|
|
|
Statutory and other funds |
0 |
0 |
|
|
|
Profit / loss - previous years |
0 |
0 |
0 |
|
|
Retained earnings from previous years |
0 |
0 |
|
|
|
Accumulated losses from previous years |
0 |
0 |
|
|
|
Profit / loss - current year (+/-) |
2 421 000 |
6 490 000 |
5 117 000 |
2 025 000 |
|
Liabilities |
21 701 000 |
21 288 000 |
3 790 000 |
26 630 000 |
|
Reserves |
0 |
0 |
0 |
0 |
|
Reserves under special statutory regulations |
0 |
0 |
|
|
|
Reserves for pension and similar payables |
0 |
0 |
|
|
|
Income tax reserves |
0 |
0 |
|
|
|
Other reserves |
0 |
0 |
|
|
|
Long-term payables |
0 |
0 |
0 |
0 |
|
Trade payables |
0 |
0 |
|
|
|
Payables to controlled and managed organizations |
0 |
0 |
|
|
|
Payables to accounting units with substantial influence |
0 |
0 |
|
|
|
Payables from partners, cooperative members and association members |
0 |
0 |
|
|
|
Long-term advances received |
0 |
0 |
|
|
|
Issues bonds |
0 |
0 |
|
|
|
Long-term notes payables |
0 |
0 |
|
|
|
Estimated payables |
0 |
0 |
|
|
|
Other payables |
0 |
0 |
|
|
|
Deferred tax liability |
0 |
0 |
|
|
|
Short-term payables |
21 701 000 |
21 288 000 |
3 790 000 |
26 630 000 |
|
Trade payables |
19 033 000
|
19 515 000
|
5 861 000
|
25 684 000
|
|
Payables to controlled and managed organizations |
0 |
0 |
|
|
|
Payables to accounting units with substantial influence |
0 |
0 |
|
|
|
Payables from partners, cooperative members and association members |
0 |
0 |
|
|
|
Payroll |
469 000 |
426 000 |
403 000 |
537 000 |
|
Payables to social securities and health insurance |
269 000 |
244 000 |
225 000 |
307 000 |
|
Due from state - tax liabilities and subsidies |
1 585 000
|
1 003 000
|
-2 821 000
|
2 000 |
|
Short-term deposits received |
0 |
0 |
|
|
|
Issues bonds |
0 |
0 |
|
|
|
Estimated payables |
313 000 |
93 000 |
122 000 |
95 000 |
|
Other payables |
32 000 |
7 000 |
|
5 000 |
|
Bank loans and financial accommodations |
0 |
0 |
0 |
0 |
|
Long-term bank loans |
0 |
0 |
0 |
0 |
|
Short-term bank loans |
0 |
0 |
0 |
0 |
|
Short-term accommodations |
0 |
0 |
0 |
0 |
|
Accruals |
3 397 000 |
6 415 000 |
9 433 000 |
3 396 000 |
|
Accrued expenses |
3 397 000
|
6 415 000
|
9 430 000
|
3 396 000
|
|
Deferred revenues |
0 |
0 |
3 000 |
|
|
profit/loss account |
31.12.2010 (CZK)
|
31.12.2011 (CZK)
|
31.12.2012 (CZK)
|
31.12.2013 (CZK)
|
|
Turnover |
365 167 000 |
366 885 000 |
386 109 000 |
492 604 000 |
|
Revenues from sold goods |
0 |
0 |
149 000 |
33 000 |
|
Expenses on sold goods |
0 |
0 |
66 000 |
12 000 |
|
Sale margin |
0 |
0 |
83 000 |
21 000 |
|
Production |
365 167 000 |
366 885 000 |
385 960 000 |
492 571 000 |
|
Revenues from own products and services |
|
366 885 000
|
385 960 000
|
492 571 000
|
|
Change in inventory of own products |
|
0 |
|
|
|
Capitalization |
|
0 |
|
|
|
Production consumption |
335 148 000 |
330 920 000 |
357 529 000 |
459 738 000 |
|
Consumption of material and energy |
|
305 199 000
|
329 787 000
|
428 981 000
|
|
Services |
|
25 721 000
|
27 742 000
|
30 757 000
|
|
Added value |
30 019 000 |
35 965 000 |
28 514 000 |
32 854 000 |
|
Personnel expenses |
9 127 000 |
8 777 000 |
8 810 000 |
10 767 000 |
|
Wages and salaries |
|
5 923 000
|
6 116 000
|
7 570 000
|
|
Renumeration of board members |
|
0 |
|
|
|
Social security expenses and health insurance |
|
2 854 000
|
2 680 000
|
3 195 000
|
|
Other social expenses |
|
0 |
14 000 |
2 000 |
|
Taxes and fees |
77 000 |
137 000 |
89 000 |
85 000 |
|
Depreciations of intangible and tangible assets |
3 515 000
|
3 329 000
|
2 509 000
|
2 909 000
|
|
Revenues from disposals of fixed assets and materials |
235 000 |
38 000 |
0 |
0 |
|
Revenues from disposals of fixed assets |
|
38 000 |
|
|
|
Revenues from disposals of materials |
|
0 |
|
|
|
Net book value of disposed fixed assets and materials |
230 000 |
0 |
0 |
0 |
|
Net book value of sold fixed assets |
|
0 |
|
|
|
Net book value of sold material |
|
0 |
|
|
|
Change in operating reserves and adjustments and complex deferred
costs ( + / - ) |
0 |
-824 000 |
70 000 |
678 000 |
|
Other operating revenues |
110 000 |
563 000 |
186 000 |
224 000 |
|
Other operating expenses |
6 047 000
|
14 923 000
|
12 126 000
|
15 369 000
|
|
Transfer of operating revenues |
0 |
0 |
|
|
|
Transfer of operating expenses |
0 |
0 |
|
|
|
Operating profit / loss |
11 368 000 |
10 224 000 |
5 096 000 |
3 270 000 |
|
Revenues from sales of securities and ownership interests |
0 |
0 |
|
|
|
Sold securities and ownership interests |
0 |
0 |
|
|
|
Revenues from long-term financial assets |
0 |
0 |
|
|
|
Revenues from shares in controlled and managed organizations and in
accounting units with substantial influence |
|
0 |
|
|
|
Revenues from others securities and ownership interests |
|
0 |
|
|
|
Revenues from other long-term financial assets |
|
0 |
|
|
|
Revenues from short-term financial assets |
0 |
0 |
|
|
|
Expenses associated with financial assets |
0 |
0 |
|
|
|
Revenues from revaluation of securities and derivatives |
0 |
0 |
|
|
|
Cost of revaluation of securities and derivatives |
0 |
0 |
|
|
|
Change in financial reserves and adjustments ( + / - ) |
0 |
0 |
|
|
|
Interest revenues |
151 000 |
194 000 |
338 000 |
537 000 |
|
Interest expenses |
0 |
139 000 |
50 000 |
185 000 |
|
Other financial revenues |
3 835 000
|
4 274 000
|
4 612 000
|
6 983 000
|
|
Other financial expenses |
9 553 000
|
6 856 000
|
3 905 000
|
7 826 000
|
|
Transfer of financial revenues |
0 |
0 |
|
|
|
Transfer of financial expenses |
0 |
0 |
|
|
|
Profit / loss from financial operations ( transactions ) |
-5 567 000 |
-2 527 000 |
995 000 |
-491 000 |
|
Income tax on ordinary income |
0 |
1 207 000 |
974 000 |
754 000 |
|
Due tax |
|
1 207 000
|
974 000 |
754 000 |
|
Tax deferred |
|
0 |
|
|
|
Operating profit / loss ordinary activity |
5 801 000 |
6 490 000 |
5 117 000 |
2 025 000 |
|
Extraordinary revenues |
0 |
0 |
|
|
|
Extraordinary expenses |
0 |
0 |
|
|
|
Income tax on extraordinary income |
0 |
0 |
|
|
|
Due tax |
|
0 |
|
|
|
Tax deferred |
|
0 |
|
|
|
Operating profit / loss extraordinary activity |
0 |
0 |
0 |
0 |
|
Transfer profit ( loss ) to partners (+/-) |
0 |
0 |
|
|
|
Profit / loss of current accounting period (+/-) |
5 801 000 |
6 490 000 |
5 117 000 |
2 025 000 |
|
Profit / loss before tax (+/-) |
5 801 000 |
7 697 000 |
6 091 000 |
2 779 000 |
|
BALANCE INDICES |
|
31.12.2010 |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
3,15 |
3,96 |
3,07 |
1,26 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
3,64 |
4,61 |
3,29 |
1,46 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
1,59 |
2,10 |
1,58 |
0,56 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
76,92 |
62,90 |
47,40 |
48,44 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
19,02 |
19,41 |
5,54 |
19,03 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
57,60 |
85,19 |
77,93 |
62,71 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
130 866,00 |
140 074,00 |
148 701,00 |
133 852,00 |
|
Ratio of accounts payable to accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
358,37 |
303,20 |
1 355,46 |
263,97 |
|
Ratio of profit/loss to tangible assets (in%) |
r3 / a1 * 100 |
8,64 |
8,99 |
11,81 |
12,22 |
|
Current ratio |
r31 / (r102+r116+r117) |
7,03 |
7,58 |
40,24 |
6,03 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
4,38 |
3,56 |
18,48 |
2,85 |
|
Cash ratio |
r58 / (r102+r116+r117) |
0,79 |
0,53 |
4,93 |
0,21 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
13,62 |
14,24 |
6,67 |
13,60 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
11,78 |
10,94 |
1,91 |
12,06 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.