MIRA INFORM REPORT

 

 

Report Date :

21.11.2014

 

IDENTIFICATION DETAILS

 

Name :

ACOR SP. Z.O.O.

 

 

Registered Office :

Ul. Rawicka  43, 63-700 Krotoszyn

 

 

Country :

Poland

 

 

Financials (as on) :

30.06.2014

 

 

Date of Incorporation :

12.11.2013

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         Wholesale of condiments and seasonings

·         Wholesale of coffee, tea, cocoa and spices

·         Manufacture of condiments and seasonings

·         Wholesale of fruit and vegetables               

·         Cargo handling and storage of other products         

·         Other administration and business support  

 

 

No of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Business

Payment Behaviour :

Unknown

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)

Poland

B1

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

POLAND - ECONOMIC OVERVIEW

 

Poland has pursued a policy of economic liberalization since 1990 and Poland's economy was the only one in the EU 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 and adopting 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 and 2013, in part due to the ongoing economic difficulties in the euro zone. Short-term, the key policy challenge will be to consolidate debt and spending without stifling economic growth. Over the longer term, Poland's economic performance could improve if the country addresses some of the remaining deficiencies in its road and rail infrastructure, business environment, rigid labor code, commercial court system, government red tape, and burdensome tax system.

 

Source : CIA

 

Company Name & address

 

ACOR SP. Z O.O.

 

Ul. Rawicka  43

63-700 Krotoszyn

Phone:  62  7255770

Fax:      62  7255777

E-mail:      biuro@acor.info

Website:    www.acor.info

 

 

Company summary

 

Legal form                    Limited liability company          

Stat.no.                                    302613861

Tax ID                           PL  6211812910

 

Establishment               12.11.2013       

 

Registration:                 23.01.2014, District Court Poznań IX Department, KRS  494590

 

Shareholders                 Wojciech Jan Furmann  , personal ID no.            PLN      4  950,00 (PESEL)  73022605155, ul. Kasprowicza  5B,          99,00% 63-400 Ostrów Wielkopolski

 

 

 

Other shareholders       

 

List entered to NCR / KRS / on 31.01.2014

 

Initial Capital                 Initial capital divided into 91 shares of PLN 54, 95 each

 

 

 

Management                 Wojciech Jan Furmann  , personal ID no.  (PESEL)  73022605155, ul.

Kasprowicza  5B,  63-400 Ostrów Wielkopolski

- president

Representation:
Since  23.01.2014

To sign and file statements and incur obligations on behalf of the company:

If one man board  - member of the board of directors individually. If numerous managers:

- up to the amount PLN  15.000.000,00  - each member of the board of directors individually

- above the amount PLN  15.000.000,00  - two members of the board of
directors jointly or member of the board of directors and proxy
jointly.


Main activity                  Wholesale of condiments and seasonings

Branches NACE  2007:

Wholesale of coffee, tea, cocoa and spices       (G.46.37.Z)

Manufacture of condiments and seasonings       (C.10.84.Z)

Wholesale of fruit and vegetables                      (G.46.31.Z)

Cargo handling and storage of other products    (H.52.10.B)

Other administration and business support         (N.82.99.Z)

 

 

Employment                 No data available

 

Turnover                       data not possible to obtain

 

 

Financial statements

 

Balance data is not available due to short period of activity of the said company.

As at the day the report was prepared, there is no information in the register that the company filed to court the financial  statements.

 

While rating the company, it is advisable

to take into consideration information about the branch, the company is acting in

 

(G.46.37.Z  - NACE  2007), as at  :         30.06.2014        31.12.2013        31.12.2012        31.12.2011 31.12.2010

 

Current ratio...                                       2,16                  1,91                  1,37                  1,45                  1,75

Quick ratio...                                         1,83                  1,66                  1,19                  1,13                  1,48

Immediate ratio...                                  0,72                  0,57                  0,42                  0,23                  0,33

Return on sale...                                    -1,11                 0,93                  0,77                  0,18                  5,64

Return on assets...                                -1,07                 2,02                  1,15                  0,23                  6,31

Return on equity...                                 -1,61                 3,23                  1,88                  0,44                  10,45

Average trade debtors' days...               50,42                55,03                51,07                63,48                45,33

Average stock turnover's days...                        17,26                14,16                13,24                18,63                17,40

average payables payment period...       54,69                58,17                78,46                83,04                70,07

Total indebtedness ratio...                     33,23                37,45                38,79                46,83                39,62

Percent share in the examinated group

of companies with net profit...               71,40                71,40                66,70                50,00                50,00

Sales/revenue per employee in th. PLN...357,06              915,54              866,05              701,37              725,80

Average sales/revenue per company in

th. PLN...                                                                54  324,86                          133  407,57 105  657,56 91  178,40  87

                                                                                                                                                                                                                 241,60

 

 

According to the Central Statistical Office

 

Locations:                                            seat:

ul. Rawicka  43,  63-700 Krotoszyn

Phone:                                   62  7255770

Fax:                                       62  7255777

E-mail:                                   biuro@acor.info

Website:                                www.acor.info

 

Real Estate                          No data

Verification of information on real estate
ownership position through the Real Estate
Register is not covered by the standard
report.

 

Shares in other                     As at  29.10.2014 there are no shares in other companies.

companies

 

Connections:                        Wojciech Jan Furmann  , personal ID no.  (PESEL)  73022605155

-    TOWARZYSTWO ATLETYCZNE "ROZUM" W KROTOSZYNIE NIP 6211655132, Mały Rynek  13,  63-700 Krotoszyn
· member of supervisory board

-    Firma Handlowa ACOR Wojciech Furmann NIP PL  6210032363, ul. Rawicka  43,  63-700 Krotoszyn

· owner

 

Data concerning connections are valid as at:  29.10.2014.

 

General information       The subject has not decided to cooperate in elaboration of the report

 

Banks                           Names of banks were not disclosed

 

Payment Manner           Unknown

 

Credit capability            Business connections should not be refused, credits require security

 

Due to:

 

- Short period of business activity

- Lack of insight into financial situation ofthe company

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.10

UK Pound

1

Rs.97.32

Euro

1

Rs.77.91

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

 

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.