MIRA INFORM REPORT

 

 

Report Date :

26.11.2014

 

IDENTIFICATION DETAILS

 

Name :

HELIOS TBLUS D.O.O.

 

 

Formerly Known As :

HELIOS TOVARNA BARV, LAKOV IN UMETNIH SMOL KOLIČEVO, D.O.O

 

 

Registered Office :

Količevo 65, 1230 Domžale

 

 

Country :

Slovenia

 

 

Financials (as on) :

31.12.2013

 

 

Year of Establishment :

1924

 

 

Com. Reg. No.:

10447300

 

 

Legal Form :

Limited liability company (Ltd.)

 

 

Line of Business :

Manufacture of Paints, Varnishes and Similar Coatings, Printing Ink and Mastics

 

 

No. of Employees :

805 [2013]

 

 

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)

Slovenia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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 and address

 

HELIOS TBLUS D.O.O.

 

Količevo 65,

1230 Domžale

 

Phone: 01 722 40 10

Telefax: 01 722 43 10

E-Mail: info@helios.si

Web: www.helios.si

 

 

Company Summary

 

Legal form

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

 

Established on

1924 -

07/03/1990 - d.o.o. - Limited liability company (Ltd.)

 

last entry on 28.10.2014

on 10.07.2014 change of company name from HELIOS Tovarna barv, lakov in umetnih smol Količevo, d.o.o. into Helios TBLUS d.o.o.

on 19.11.2013 incorporation of the company Chromcom d.o.o. (company nu.5804299)

on 01.12.2009 incorporation of the company Color d.d.(company nu.5034400)

 

on the owners share is pawn rigt registered

 

 

 

Registered on

07/03/1990, Ljubljana, Registration number: 10447300

 

Tax number: SI45984794

Company number: 5043212

Registered capital

 

EUR

15.118.275,00

 

 

on 03.01.2014 capital increase for EUR 217.626,--

 

Owner

HELIOS Domžale, d.d. (Statistical number: 5043158)

Količevo 2, 1230 Domžale

EUR

15.118.275,00

 

Manager

Roman Pirnat

Vir, Erjavčeva ulica 6a, 1230 Domžale

confidential clerk

 

Matjaž Polak

Gunceljska cesta 26, 1210 Ljubljana - Šentvid

director

 

Marko Vresk

Miklošičeva ulica 1e, 1230 Domžale

director

General data

company activity:

manufacture of paints, varnishes and similar coatings, printing ink and mastics

manufacture of plastic and chemical compositions

Trademarks: Tessarol, Spektra,HGMIX, BORI, Ideal

headquarters and business-production premises are located on the address above,

production premises are also located on Škofjeloška cesta 50, Medvode

 

 

Main activity:

Manufacture of paints, varnishes and similar coatings, printing ink and mastics (NACE 2)

 

(20.30)

 

Export:

Russia

Serbia

Bosnia-Hercegovina

Montenegro

Croatia

Macedonia

European Union

 

Import:

Germany

Austria

Italy

 

 

 

Residence address:

Količevo 65, 1230 Domžale

Phone:   01 722 40 10

Telefax:  01 722 43 10

E-Mail:   info@helios.si

Web:     www.helios.si  

Other activities

Employees

2008

640 employees

 

2009

639 employees

 

2010

867 employees

 

2011

834 employees

 

2012

818 employees

 

2013

805 employees

Annual turnover

2008

Enterprise turnover

EUR

157.562.863,-

 

 

2009

Enterprise turnover

EUR

113.470.142,-

 

 

2010

Enterprise turnover

EUR

199.989.433,-

 

 

2011

Enterprise turnover

EUR

215.842.064,-

 

 

2012

Enterprise turnover

EUR

221.003.000,-

 

 

2013

Enterprise turnover

EUR

210.607.152,-

 

Property

Company's property: Business premises

 

SI-1215 Medvode, Škofjeloška cesta 50

 

Company's property: Business premises

1792

1230 Domžale, Količevo 65

 

Company's property: Land and buildings

per 31.12.2012

SI-

Book value: 43.055.000,- EUR ()

 

Remarks

company name:

HELIOS Tovarna barv, lakov in umetnih smol Količevo, d.o.o.

 

Interests

HELIOS Domžale, d.d. (Statistical number: 5043158):

 

Belinka Kemostik, d.o.o. (Statistical number: 5043492)

Owner

 

 

BELINKA PERKEMIJA, d.o.o. (Statistical number: 5487838)

Owner

 

 

CHROMCOM, d.o.o., Domžale (Statistical number: 5804299)

Owner

 

 

COLOR, d.d. (Statistical number: 5034400)

Head shareholders

100%

 

EXIDO d.o.o. (Statistical number: 5289459)

Owner

 

 

HELIOS kemična tovarna Domžale, d.o.o. (Statistical number: 5043166)

Owner

 

 

HGtrade d.o.o. (Statistical number: 5095018)

Head shareholders

100%

 

PPG-HELIOS d.o.o. (Statistical number: 1488716)

Owner

 

 

SLOPAK d.o.o. (Statistical number: 1759655)

Owner

 

 

Marko Vresk:

 

Belinka-Belles, d.o.o. (Statistical number: 5487846)

Manager

 

Bank relations

NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA:

Central address: SI Trg republike 2, 1520 Ljubljana

Account number: SI56 0230 0001 4845 089

 

SKB BANKA d.d. LJUBLJANA:

Central address: SI Ajdovščina 4, 1513 Ljubljana

Account number: SI56 0310 4100 2677 167

 

ABANKA VIPA d.d.:

Central address: SI Slovenska cesta 58, 1517 Ljubljana

Account number: SI56 0510 0800 0049 074

 

RAIFFEISEN BANKA d.d.:

Central address: SI Slovenska ulica 17, 2000 Maribor

Account number: SI56 2420 1900 1560 983

 

UNICREDIT BANKA SLOVENIJA d.d.:

Central address: SI Šmartinska 140, 1000 Ljubljana

Account number: SI56 2900 0000 3085 233

 

SBERBANK d.d.:

Central address: SI Dunajska cesta 128a, 1000 Ljubljana

Account number: SI56 300000180056577

 

BANKA SPARKASSE d.d.:

Central address: SI Cesta v Kleče 15, 1000 Ljubljana

Account number: SI56 340001016421945

 

 

Company development

Constant

(30)

Terms of payment

No complaints, but occasional delays

(31)

Business connection

Business connection are premissible

(21)

 

 

Financials

 

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 authenticated by the auditor . (31.12.2012 - 1 EUR)

C. The enclosed balance of 2011 is the company's own report, it is not authenticated by the auditor. (31.12.2011 - 1 EUR)

D. The enclosed balance of 2010 is originated from official source, it is not authenticated by the auditor. (31.12.2010 - 1 EUR)

 

 

Balance

A 31.12.2013

B 31.12.2012

C 31.12.2011

D 31.12.2010

ASSETS (AKTIVA)

215.622.061

208.374.000

201.322.836

201.738.604

LONG-TERM ASSETS

75.172.327

73.278.000

72.577.089

75.883.160

Intangible assets and long-term deferred costs and accrued revenues

3.311.824

3.101.000

162.630

322.634

Intangible assets

2.753.587

2.043.000

162.630

322.634

Long-term deferred costs and accrued revenues

558.237

1.058.000

0

0

Tangible fixed assets

67.545.938

67.562.000

70.074.389

73.331.288

Long-term financial investments and Real estate investments

1.944.926

898.000

80.613

81.799

Investment property

0

0

0

0

Long-term financial investments

1.944.926

898.000

80.613

81.799

Long-term operating receivables

1.483.268

749.000

877.632

440.553

Deferred receivables for taxes

886.371

968.000

1.381.825

1.706.886

SHORT-TERM ASSETS

139.031.533

133.960.000

127.864.401

125.125.156

Assets (group for estrange) for sell

0

0

0

0

Inventories

42.831.055

50.398.000

51.399.874

53.199.237

Short-term financial investments

21.809.927

17.708.000

6.435.775

7.976.484

Short-term operating receivables

61.098.006

61.559.000

65.205.899

63.106.881

Cash assets

13.292.545

4.295.000

4.822.853

843.554

Short-term deferred costs and accrued revenues

1.418.201

1.136.000

881.346

729.288

Off-balance sheet items

779.217

0

855.121

1.243.021

LIABILITIES

215.622.061

208.374.000

201.322.836

201.738.604

CAPITAL

108.648.978

102.783.000

97.919.062

98.158.815

Called-up capital

15.118.275

14.901.000

14.900.649

14.900.649

Basic (subscribed) capital

15.118.275

14.901.000

14.900.649

14.900.649

Non called-up capital (deductive item)

0

0

0

0

Capital reserves

18.374.320

18.367.000

18.366.870

18.366.870

Reserves from profit

11.437.575

11.416.000

11.142.337

11.106.595

Surplus from revaluation

-289.046

-1.887.000

-954.604

0

Retained net

57.783.520

59.986.000

53.784.701

51.083.910

Net business result for the business year

6.224.334

0

679.109

2.700.791

PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES

3.009.719

2.533.000

2.610.678

2.704.283

FINANCIAL AND BUSINESS LIABILITIES

101.346.076

100.640.000

99.592.107

99.637.990

LONG-TERM LIABILITIES

34.621.073

38.344.000

31.486.945

33.547.450

Long-term financial liabilities

34.062.836

37.281.000

31.467.967

33.514.706

Long-term operating liabilities

558.237

1.063.000

18.978

32.744

Deferred liabilities for taxes

0

0

0

0

SHORT-TERM LIABILITIES

66.725.003

62.296.000

68.105.162

66.090.540

Liabilities, included in groups for estrange

0

0

0

0

Short-term financial liabilities

36.574.312

36.257.000

41.464.557

32.144.861

Short-term operating liabilities

30.150.691

26.039.000

26.640.605

33.945.679

SHORT-TERM ACCRUED COSTS AND DEFERRED REVENUES

2.617.288

2.418.000

1.200.989

1.237.516

Off-balance sheet items

779.217

0

855.121

1.243.021

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 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 originated from official source, it is not authenticated by the auditor. (31.12.2010 - 1 EUR)

Profit and Loss Account

A 31.12.2013

B 31.12.2012

C 31.12.2011

D 31.12.2010

Net sales

211.390.317

219.089.000

214.722.480

185.393.824

Changes in the value of inventories of products and work-in-process

-4.930.232

0

-1.335.859

10.767.304

Capitalised own products and own services

0

0

0

0

Other operating revenues (with subventions, grants,...)

2.361.543

576.000

1.365.114

2.333.515

GROSS OPERATING YIELD

208.821.628

219.665.000

214.751.735

198.494.643

Cost of goods, material and services

169.685.398

179.605.000

180.870.924

163.115.970

Purchase value of goods and materials sold and cost of material and cost of material used

140.914.641

149.960.000

152.792.688

136.999.720

Cost of services

28.770.757

29.645.000

28.078.236

26.116.250

Labour cost

22.306.193

22.286.000

22.739.753

23.105.419

Cost of wages

15.872.542

15.854.000

16.632.627

16.735.545

Cost of pension insurance

1.792.144

1.866.000

1.837.446

1.890.718

Cost of other social insurance

1.337.170

1.288.000

1.203.189

1.223.255

Other labour cost

3.304.337

3.278.000

3.066.491

3.255.901

Write-offs

7.169.980

9.043.000

7.482.546

7.889.863

Depreciation

7.169.980

7.031.000

7.256.359

7.048.748

Revaluation operating expenses for non-tangible assets and tangible fixed assets

0

244.000

35.042

57.200

Revaluation operating expenses for current assets

0

1.768.000

191.145

783.915

Other operating expenses

619.791

655.000

616.162

635.299

OPERATING REVENUES

213.751.860

219.665.000

216.087.594

187.727.339

OPERATING EXPENSES

199.781.362

211.589.000

211.709.385

194.746.551

OPERATING RESULT

13.970.498

8.076.000

4.378.209

-7.019.212

EBIT

9.040.266

8.076.000

3.042.350

3.748.092

Financial income from investments in other enterprises

0

0

103

466

Financial income from loans

1.110.058

0

440.790

906.181

Financial income from operating receivables

675.466

1.338.000

649.436

588.143

Financial expenses from depreciation and write-offs of financial investments

531.198

13.000

18.623

0

Financial expenses from financial liabilities

2.937.063

3.110.000

3.009.558

2.120.352

Financial expenses from operating liabilities

67.085

8.000

64.585

77.949

Financial income

1.785.524

1.338.000

1.090.329

1.494.790

Financial expenses

3.535.346

3.131.000

3.092.766

2.198.301

Other revenues

0

0

0

0

Other expenses

0

0

0

0

Total revenues

210.607.152

221.003.000

215.842.064

199.989.433

Total costs

203.316.708

214.720.000

214.802.151

196.944.852

Total business result

7.290.444

6.283.000

1.039.913

3.044.581

Tax on profit

745.719

73.000

0

0

Deferred taxs

298.629

414.000

325.061

201.643

Net business result for the accounting period

6.246.096

5.796.000

714.852

2.842.938

 

Ratios

 

2010

2011

2012

2013

 

Equity ratio

0,07

0,07

0,07

0,07

 

Cleared equity ratio

0,07

0,08

0,08

0,07

 

Current liquidity

1,89

1,88

2,15

2,08

 

Quick liquidity

1,09

1,12

1,34

1,44

 

Working capital

59034616

59759239

71664000

72306530

 

Gearing

13,54

13,51

13,98

14,26

 

Cleared gearing

4,41

4,6

4,38

4,58

 

Profitability

1,52

0,48

2,84

3,46

 

Operating profitability

1,42

0,33

2,62

2,97

 

Stock days

97,09

86,92

83,24

74,23

 

Debtor days

115

110

102

106

 

Supplier days

61,95

45,05

43,01

52,25

Copyright:

This information is addressed exclusively to address. We don't assume responsibility for negligence referring to the content of this information.

 

 

 

 

 

 

 

 

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.92

UK Pound

1

Rs.97.12

Euro

1

Rs.76.93

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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.