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Report Date : |
26.11.2014 |
IDENTIFICATION DETAILS
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Name : |
TEKSTIL D.D. |
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Registered Office : |
Letališka cesta
34, 1000 |
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Country : |
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Financials (as on) : |
31.12.2013
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Date of Incorporation : |
22.11.1995 |
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Com. Reg. No.: |
10045800 |
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Legal Form : |
Joined stocked Company |
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Line of Business : |
Wholesale and retail trade of textiles,
clothing, household items , textiles for interior decoration |
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No. of Employees : |
113 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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) |
|
|
B1 |
B1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 |
TEKSTIL D.D.,
LJUBLJANA
Letališka cesta
34, 1000 Ljubljana
Phone: 01 586 61
00
Telefax: 01 586 61
61
E-Mail:
info@tekstil.si
Web:
www.tekstil.si
Legal form Joined stocked Company
Established on 25/11/1991 -
Joined stocked Company
10/04/1947
-
last entry on
04.07.2013
Registered on 22/11/1995,
Tax number: SI97457990
Company number: 5006155
Registered
capital EUR 1.629.619,50
on 23.11.2012 decrease of capital for EUR 126.414,63
on
30.8.2010 decrease of capital for EUR 97.312,56
on 24.06.2008
decrease of capital for EUR 72.066,43
Head Stanislav Zidar
% 18,11
shareholders Rimska ulica 10,
1380 Cerknica
small shareholders % 16,45
Marjana
Spačal % 16,01
Poljedelska
ulica 6, 1000
Maja Zidar % 14,5
Danica Majcen
Samardžija % 13,39
Tomaž
Zidar % 13,35
BETI
d.d. (Statistical number: % 8,19
5043794)
Tovarniška
cesta 2, 8330 Metlika
(stand per
23.11.2014)
Board of Maja Zidar
Directors Železna
cesta 10, 1000 Ljubljana
director
(stand per
25.11.2014)
Supervisory Stanislav Zidar
Board Rimska ulica 10, 1380 Cerknica
chairman of the
supervisory board
Marjana Spačal
Poljedelska
ulica 6, 1000 Ljubljana
Vice chairman of
the board of directors
Danica Majcen Samardžija
Tometova ulica 13, 1210
Ljubljana-Šentvid
member of the supervisory
board
Tomaž Zidar
Ulica Rakovške čete 8, 1381
Rakek
member of the supervisory
board
Marija Livk
Tomišelj 36, 1292 Ig
member of the supervisory
board
Angela Virtič
Polhov Gradec 28a, 1355 Polhov
Gradec
member of the supervisory
board
(stand per 25.11.2014)
Other
activities
General data company activity:
wholesale and
retail trade of textiles, clothing, household items , textiles for interior
decoration
Trademarks: Still, Balmain, Orient Express,
Marksman,
Laguiole, Centrix,
Slazenger, Crossing, Paul Bocuse, Dunlop, Case Logic, Jamie Oliver, Us Basic,
Pga Tour Best In Town customers in Slovenia
Headquarters and business-warehouse premises are locted on the address
above,
40 shops
across Slovenia (group Tekstil 77 shops across
Slovenia)
Main
activity:
Wholesale of
textiles (NACE 2)
Import:
Italy
Germany
Czech
Republic
Slovakia
China
Residence address:
Letališka cesta 34, 1000 Ljubljana
Phone: 01 586 61
00
Telefax: 01 586 61
61
E-Mail: Info@tekstil.si
Web www.tekstil.si
Employees 2009 170 employees
2010
171 employees
2011 175 employees
2012 158 employees
2013 113 employees
2014 113 employees
group Tekstil 2013: 183 employees
group Tekstil 2012: 262 employees
group
Tekstil 2011: 272 employees
group Tekstil 2010:
275 emlpoyees
group Tekstil 2009:
284 employees
group Tekstil 2008:
270 employees
group Tekstil 2007: 300 employees
Annual turnover 2008 Enterprise turnover
EUR 11.774.176,-
2009 Enterprise
turnover EUR 10.241.138,-
2010
Enterprise turnover EUR
10.067.218,-
2011
Enterprise turnover EUR
9.196.705,-
2012
Enterprise turnover EUR
8.794.097,-
2013
Enterprise turnover EUR
7.474.539,-
group Tekstil:
annual turnover 2013 EUR 10.410.756,--
net profit 2013 EUR 82.694,--
annual turnover 2012 EUR 11.149.832,--
net profit 2012 EUR
141.340,--
annual turnover 2011 EUR
10.969.288,--
net profit 2011 EUR 154.683,--
annual tirnover 2010 EUR
11.279.348,--
net profit 2010 EUR 170.444,--
annual turnover 2009 EUR 15.417.807,--
net profit 2009 EUR 50.447,--
annual turnover 2008 EUR 17.683.992,--
net profit 2008 EUR 146.245,--
Property Company's property: Land
per 31.12.2013
SI-Ljubljana
Book value:
422.452,- EUR (Official source)
Company's
property:
Buildings
per 31.12.2013
SI-Ljubljana
Book value:
3.392.051,- EUR (Official source)
Remarks full name of the company:
TEKSTIL
proizvodno in trgovsko podjetje d.d.
participation
in capital:
Bala d.o.o.
Ljubljana (100% share)
Volna d.o.o.
Ljubljana (100% share)
Elita d.o.o.
Kranj (99,56% share)
Trgovina
Novoteks d.o.o.(97,35% share)
(stand per
31.12.2013)
The company
should be monitored, high liabilities
Interests BETI d.d. (Statistical number: 5043794):
BETI MODNA
OBLAČILA d.o.o. Owner
(Statistical
number: 5618029)
BETI TRIKOTAŽNE TKANINE d.o.o. Owner
(Statistical number: 5617987)
TEKSTIL d.d., Ljubljana (Statistical number: 5006155):
MURKA d.d. (Statistical number: Head shareholders 2,12%
5025249)
Bank relations NOVA LJUBLJANSKA
BANKA d.d., LJUBLJANA:
Central
address: SI Trg republike 2, 1520 Ljubljana
Account number: SI56
029220013938022
BANKA CELJE d.d.:
Central address: SI Vodnikova 2, 3000
Celje
Account number: SI56
060000059547047
SBERBANK
d.d.:
Central address: SI Dunajska cesta 128a, 1000
Ljubljana
Account number: SI56 300000001947214
Account number: SI56 300000101947230
HYPO
ALPE-ADRIA-BANK d.d.:
Central
address: SI Dunajska cesta 117, 1000 Ljubljana
Account number: SI56 330000003816359
Company
Constant development
Business course
satisfactory
Terms of Mostly within agrees terms, but partly
also
payment delayed
Business Business connection appear premissable
connection
Credit limit EUR 31.000,-
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 not
authenticated by
the auditor. (31.12.2012 - 1 EUR)
C. The enclosed
balance of 2011 is originated from official source, it is
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 B C D
31.12.2013 31.12.2012
31.12.2011 31.12.2010
ASSETS
(AKTIVA) 15.952.119 15.476.950
16.921.585 17.290.868
LONG-TERM
ASSETS 13.221.795 11.561.019
11.907.816 12.245.806
Intangible
assets and 358 811 1.964 517
long-term
deferred costs
and
accrued revenues
Intangible
assets 358 811 1.964 517
Long-term
deferred costs 0 0 0 0
and
accrued revenues
Tangible
fixed assets 4.107.632 5.773.050
6.015.506 6.217.847
Long-term
financial 9.100.372 5.772.701
5.875.888 6.014.008
investments
and Real
estate
investments
Investment
property 5.638.654 2.970.044
3.043.352 3.127.303
Long-term
financial 3.461.718 2.802.657
2.832.536 2.886.705
investments
Long-term
operating 13.433 14.457 14.458 13.434
receivables
Deferred
receivables for 0 0 0 0
taxes
>SHORT-TERM
ASSETS >2.712.327 >3.893.945
>4.979.234 >5.015.284
Assets
(group for 0 0 0 0
estrange)
for sell
Inventories 967.835 1.725.179
1.948.979 2.077.393
Short-term
financial 292.237 10.500
294.609 368.802
investments
Short-term
operating 1.302.576 2.035.596
2.582.647 2.528.022
receivables
Cash
assets 149.679 122.670
152.999 41.067
>Short-term
deferred >17.997 >21.986 >34.535 >29.778
costs
and accrued revenues
Off-balance
sheet items 11.293.744 10.252.357 0
11.016.746
>LIABILITIES >15.952.119 >15.476.950
>16.921.585 >17.290.868
>CAPITAL >6.330.043 >6.084.520
>6.312.348 >6.367.455
Called-up
capital 1.629.620 1.629.619
1.756.034 1.756.034
Basic
(subscribed) capital 1.629.620
1.629.619 1.756.034 1.756.034
Non
called-up capital 0 0 0 0
(deductive
item)
Capital reserves 4.037.926 4.037.926
3.911.511 3.911.511
Reserves
from profit 381.267 371.267
577.964 605.460
Surplus
from revaluation 55.982 45.708 45.708 45.708
Retained
net 215.199 0 0 0
Net
business result for 10.049 0 21.131 48.742
the
business year
>PROVISIONS
AND LONG-TERM >154.059 >188.929 >316.535 >344.678
ACCRUED
COSTS AND
DEFERRED
REVENUES
>FINANCIAL
AND BUSINESS >9.454.607 >9.196.411 >10.270.881 >10.575.855
LIABILITIES
LONG-TERM
LIABILITIES 5.059.521 3.530.297
3.396.246 4.176.965
Long-term
financial 4.998.726 3.506.940
3.370.857 4.158.148
liabilities
Long-term
operating 60.795 23.357 25.389 18.817
liabilities
Deferred
liabilities for 0 0 0 0
taxes
>SHORT-TERM
LIABILITIES >4.395.086 >5.666.114
>6.874.635 >6.398.890
Liabilities,
included in 0 0 0 0
groups
for estrange
Short-term
financial 3.507.403 4.407.783
5.504.438 4.645.254
liabilities
Short-term
operating 887.683 1.258.331
1.370.197 1.753.636
liabilities
SHORT-TERM
ACCRUED COSTS 13.410 7.090 21.821 2.880
AND
DEFERRED REVENUES
Off-balance
sheet items 11.293.744 10.252.357
0 11.016.746
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 not authenticated by the auditor.
(31.12.2012 - 1000 EUR)
C. The enclosed profit and loss account of 2011 is
originated from official
source, it is 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 B C D
31.12.2013 31.12.2012
31.12.2011 31.12.2010
>Net
sales >6.229.944 >8.332.133
>8.865.262 >9.848.701
>Changes
in the value of >0 >0 >0
inventories
of products
and
work-in-process
>Capitalised
own products >0 >0 >0
and
own services
>Other
operating revenues >1.105.579 >325.444 >109.907
(with
subventions,
grants,...)
>GROSS
OPERATING YIELD >7.335.523
>8.657.577
>9.958.608
>Cost
of goods, material >4.644.265 >5.247.978 >6.047.574
and
services
Purchase
value of goods 3.727.574 4.142.791
4.880.144
and
materials sold and
cost
of material and cost
of
material used
Cost
of services 916.691 1.105.187 1.167.430
>Labour
cost >2.107.973 >2.598.103 >2.847.557
Cost
of wages 1.510.396 1.904.178 2.087.356
Cost
of pension insurance 137.576 171.189 178.697
Cost
of other social 109.484 140.196 163.045
insurance
Other
labour cost 350.517 382.540 418.459
>Write-offs >255.719 >330.189 >365.637
Depreciation 200.308 325.279 344.997
Revaluation
operating 1.350 0 0
expenses
for non-tangible
assets
and tangible fixed
assets
Revaluation
operating 54.061 4.910 20.640
expenses
for current
assets
Other
operating expenses 49.989 62.157 87.417
OPERATING
REVENUES 7.335.523 8.657.577 9.958.608
>OPERATING
EXPENSES >7.057.946 >8.238.427 >9.348.185
>OPERATING
RESULT >277.577 >419.150 >610.423
>EBIT >277.577 >419.150 >434.943 >610.423
Financial
income from 81.833 24.800 27.270 0
investments
in other
enterprises
Financial
income from 2.182 14 1.026 407
loans
Financial
income from 28.938 35.318 90.800 74.971
operating
receivables
Financial
expenses from 17.840 31.679 54.169 32.507
depreciation
and write-
offs
of financial
investments
Financial
expenses from 341.871 396.499
438.351 541.351
financial
liabilities
Financial
expenses from 32.215 46.483 49.044 29.357
operating
liabilities
Financial
income 112.953 60.132
119.096 75.378
Financial
expenses 391.926 474.661
541.564 603.215
Other
revenues 26.063 76.388 29.834 33.232
Other
expenses 294 278 48 4.338
Total
revenues 7.474.539 8.794.097
9.196.705 10.067.218
>Total
costs >7.450.166 >8.713.366
>9.154.444 >9.955.738
Total
business result 24.373 80.731 42.261
111.480
>Tax
on profit >48.401 >0 >0 >14.238
Deferred
taxs -44.077 0 0 0
Net
business result for 20.049 80.731 42.261 97.242
the
accounting period
Ratios 2010 2011
2012 2013
Equity ratio 0,1 0,1
0,11 0,1
Cleared equity ratio 0,1
0,1 0,1 0,1
Current liquidity 0,78 0,72
0,69 0,62
Quick liquidity 0,46 0,44
0,38 0,4
Working capital -1383606 -1895401 -1772169 -1682759
Gearing 9,85 9,64
9,5 9,79
Cleared gearing 5,15 5,19
5 5,41
Profitability 1,11 0,46
0,92 0,33
Operating profitability 0,97
0,46 0,92 0,27
Stock days 75,32 77,35
71,6 47,26
Debtor days 91,66 103
84,49 63,61
Supplier days 63,58 54,38
52,23 43,35
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.97.12 |
|
Euro |
1 |
Rs.76.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
SDA |
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.