MIRA INFORM REPORT

 

 

Report Date :

24.11.2014

 

IDENTIFICATION DETAILS

 

Name :

SVCS PROCESS INNOVATION S.R.O.

 

 

Registered Office :

Optátova 708/37, 637 00 Brno, Jundrov 

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

08.12.2006

 

 

Com. Reg. No.:

C 53803

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Electrical and Electronic Equipment For Motor Vehicles

 

 

No of Employees :

25 [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 :

Slow but correct

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

 

 

 

 


Company Name & address

 

SVCS PROCESS INNOVATION S.R.O.
Optátova 708/37 
637 00 Brno, Jundrov 
Telephone: 00420/ 541 423 211
Telefax: 00420/ 541 221 580
e-mail: info@svcs.cz
Web: www.svcs.cz

 

 

Company Summary

 

Legal form

Private limited company

 

Foundation

08/12/2006 - Private limited company

 

Comp. Register

08/12/2006, Krajský soud v Brně, RegNr.: C 53803
Statistical number: 27711170
Tax number: CZ27711170

Share Capital

08/12/2006

CZK

210.000,-

 

 

 

18/06/2007

CZK

1.002.000,-

 

Shareholders

Ing Anton Piják (31.10.1962)
Kolébka 1872, 664 34 Kuřim

CZK

501.000,-

 

 

 

Ing. Jaroslav Dolák (01.01.1961)
Březová 808/81, 637 00 Brno - Jundrov

CZK

501.000,-

 

Management

Ing Anton Piják (31.10.1962)
Kolébka 1872, 664 34 Kuřim 
Executive Manager

 

 

Ing. Jaroslav Dolák (01.01.1961)
Březová 808/81, 637 00 Brno - Jundrov 
Executive Manager

 

Pavel Lukašík (13.11.1974)
Háje 20, 756 54 Zubří 
Executive Manager

 

General Data

Development, design and manufacture of controlling and automating technology - batch horizontal ovens for semiconductor and photovoltaic industry (Diffusion ovens for semiconductor and photo voltaic.)

 

Main activity:
Manufacture of electrical and electronic equipment for motor vehicles


(29.31)

 

 

Trade name(s)
SVCS Process Innovation s.r.o.
Beginning of validity: 08.12.2006

 

Export:
Malaysia
Russia
Taiwan
China
Belorussia

 

 

 

General contacts:
telephone:
00420/ 541 423 211
telefax:
00420/ 541 221 580
e-mail:
info@svcs.cz
Web:
www.svcs.cz

 

Address:
Optátova 708/37, 637 00 Brno, Jundrov 
Beginning of validity: 23.07.2014

 

 

Optátova 37, 637 00 Brno 
Beginning of validity: 08.12.2006
End of validity: 23.07.2014

 

business locations:
Zámecká 133/78, 757 01 Valašské Meziříčí - Krásno nad Bečvou 
telephone:
00420/ 517 070 010
telefax:
00420/ 571 688 373

 

 

Branches of the business:
Televizní 2618, 756 61 Rožnov pod Radhoštěm

Staff

2010

23 employees

 

 

2011

23 employees

 

2012

23 employees

 

 

2014

25 employees

Annual Sales

2007

actual sales

CZK

30.320.000,-

 

 

 

2008

actual sales

CZK

69.188.000,-

 

 

2009

actual sales

CZK

34.640.000,-

 

 

 

2010

actual sales

CZK

25.397.000,-

 

 

2011

actual sales

CZK

59.141.000,-

 

 

 

2012

actual sales

CZK

49.636.000,-

 

 

2013

projected sales

CZK

79.579.000,-

 

 

 

The company is not registered in the Central register of executions.

Property

Property of the company: Business premises 

CZ-757 01 Valašské Meziříčí - Krásno nad Bečvou, Zámecká 133/78

 

Balance sheets

The enclosed balance of 2012 from business register, -. (31.12.2012 - 1 CZK)
The enclosed balance of 2011 from business register, -. (31.12.2011 - 1 CZK)
The enclosed balance of 2010 from business register, -. (31.12.2010 - 1 CZK)

 

The enclosed profit/loss account of 2012 from business register, -. (31.12.2012 - 1 CZK)
The enclosed profit/loss account of 2011 from business register, -. (31.12.2011 - 1 CZK)
The enclosed profit/loss account of 2010 from business register, -. (31.12.2010 - 1 CZK)

 

Remarks

The final accounts for the year 2013 are not available yet.


We have asked the firm management in written form to send final account.
In case that we receive account statements, we will send you a. 


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.

 

Other entrepreneurial interests: 
Ing. Anton Piják
- SVCS s.r.o, IČ 26218445, executive, associate 50%

Ing. Jaroslav Dolák
- SVCS s.r.o, IČ 26218445, executive, associate 50%
- D-Ex Instruments, s.r.o., IČ 28256468, executive
- D-Ex Limited, s.r.o., IČ 18827187, executive
- SANIZO SOLAR, s.r.o., IČ 28352769, associate 17%
- Kerberos power s.r.o., IČ 28609930, associate 10%

According to the information provided by Ing. Veronika Skalková, accountant:
- branch office at the address: Televizní 2618, 756 61 Rožnov pod Radhoštěm should be in operation until 30.06.2015
- the firm SVCS Process Innovation s.r.o. is showing profit for the year 2013 
- statements for the year 2013 will be provided in the nearest future. 
Contact:
Ing. Veronika Skalková, accountant, phone: 00420/ 517 070 010, mobile phone: 00420/ 775 757 243, e-mail: vskalkova@svcs.cz

 

Bankers

Československá obchodní banka, a. s. 
Account number: 211837708/0300
Account number: 213313916/0300
Account number: 213313991/0300

(0300)

Copyright: 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 Data

 

 

 

BALANCE

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

TOTAL ASSETS

30.811.000

30.180.000

37.890.000

47.691.000

Receivables for subscriptions

0

0

0

0

Fixed assets

13.433.000

9.249.000

4.637.000

7.518.000

Intangible fixed assets

477.000

416.000

163.000

79.000

Tangible fixed assets

12.956.000

8.833.000

4.474.000

7.439.000

Long-term financial assets

0

0

0

0

Current assets

17.213.000

20.002.000

33.001.000

37.986.000

Inventory

4.801.000

9.093.000

9.764.000

6.411.000

Long-term receivables

0

0

0

0

Short-term receivables

10.249.000

5.494.000

9.805.000

21.249.000

Short-term financial assets

2.163.000

5.415.000

13.432.000

10.326.000

Accruals

165.000

929.000

252.000

2.187.000

TOTAL LIABILITIES

30.811.000

30.180.000

37.890.000

47.691.000

Equity

6.934.000

-4.622.000

5.381.000

7.628.000

Registered capital

1.002.000

1.002.000

1.002.000

1.002.000

Capital funds

0

0

5.500.000

5.500.000

Reserve funds, statutory reserve account for cooperatives, and other retained earnings

50.000

80.000

80.000

100.000

Profit / loss - previous years

5.279.000

5.853.000

-5.704.000

-1.222.000

Profit / loss - current year (+/-)

603.000

-11.557.000

4.502.000

2.248.000

Liabilities

23.877.000

34.802.000

32.510.000

39.319.000

Reserves

0

0

0

0

Long-term payables

0

0

0

0

Short-term payables

23.877.000

34.802.000

32.510.000

39.319.000

Bank loans and financial accommodations

0

0

0

0

Accruals

0

0

0

744.000

profit/loss account

31.12.2009 (CZK)

31.12.2010 (CZK)

31.12.2011 (CZK)

31.12.2012 (CZK)

Turnover

34.640.000

25.397.000

59.141.000

49.636.000

Revenues from sold goods

946.000

4.135.000

12.131.000

5.834.000

Expenses on sold goods

720.000

1.744.000

3.813.000

3.644.000

Sale margin

226.000

2.391.000

8.318.000

2.190.000

Production

33.694.000

21.262.000

47.010.000

43.802.000

Production consumption

27.125.000

28.700.000

44.228.000

40.406.000

Added value

6.795.000

-5.047.000

11.100.000

5.586.000

Personnel expenses

6.195.000

9.257.000

9.692.000

10.472.000

Taxes and fees

24.000

25.000

23.000

32.000

Depreciations of intangible and tangible assets

5.486.000

5.807.000

5.986.000

1.423.000

Revenues from disposals of fixed assets and materials

129.000

0

0

122.000

Net book value of disposed fixed assets and materials

113.000

0

0

142.000

Change in operating reserves and adjustments and complex deferred costs ( + / - )

0

0

480.000

15.000

Other operating revenues

5.074.000

9.729.000

10.344.000

10.185.000

Other operating expenses

130.000

508.000

203.000

1.304.000

Transfer of operating revenues

0

0

694.000

 

Transfer of operating expenses

0

0

694.000

 

Operating profit / loss

50.000

-10.915.000

5.060.000

2.505.000

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 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

4.000

10.000

9.000

1.000

Interest expenses

18.000

8.000

29.000

0

Other financial revenues

1.553.000

291.000

756.000

1.158.000

Other financial expenses

958.000

935.000

1.249.000

1.372.000

Transfer of financial revenues

0

0

 

 

Transfer of financial expenses

0

0

 

 

Profit / loss from financial operations ( transactions )

581.000

-642.000

-513.000

-213.000

Income tax on ordinary income

28.000

0

45.000

44.000

Operating profit / loss ordinary activity

603.000

-11.557.000

4.502.000

2.248.000

Extraordinary revenues

0

0

 

 

Extraordinary expenses

0

0

 

 

Income tax on extraordinary income

0

0

 

 

Operating profit / loss extraordinary activity

0

0

0

0

Transfer profit ( loss ) to partners (+/-)

0

0

 

 

Profit / loss of current accounting period (+/-)

603.000

-11.557.000

4.502.000

2.248.000

Profit / loss before tax (+/-)

631.000

-11.557.000

4.547.000

2.292.000

Receivables after due date total

6.277.000

2.711.000

3.645.000

2.194.000

Receivables more than 90 days after due date

4.076.000

2.336.000

1.449.000

1.792.000

Liabilities after due date total

1.281.000

2.937.000

2.610.000

7.654.000

Liabilities more than 90 days after due date

580.000

2.257.000

1.568.000

5.230.000

 

 

 

Balance indices

31.12.2009

31.12.2010

31.12.2011

31.12.2012

Return on total assets ROA (in %)

2,05

-38,29

12,00

4,81

Return on equity ROE (in %)

9,10

250,04

84,50

30,05

Return on sales ROS (in %)

1,82

-45,51

7,69

4,62

Turnover of receivables (in days)

n/a

n/a

n/a

n/a

Turnover of liabilities (in days)

n/a

n/a

n/a

n/a

Turnover of inventories (days)

50,59

130,68

60,26

47,14

Net working capital (in ths. CZK)

-6.664,00

-14.800,00

491,00

-1.333,00

Ratio of accounts payable to accounts receivable (in %)

42,92

15,79

30,16

54,04

Ratio of profit/loss to tangible assets (in%)

38,78

36,42

7,84

15,15

Current ratio

n/a

n/a

n/a

n/a

Quick ratio

0,52

0,31

0,71

0,80

Cash ratio

n/a

n/a

n/a

n/a

Debt ratio I (in %)

77,50

115,31

85,80

84,01

Debt ratio II (in %)

77,50

115,31

85,80

82,45

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.85

UK Pound

1

Rs.97.01

Euro

1

Rs.77.62

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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.