|
Report Date : |
08.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
CCI CZECH REPUBLIC S.R.O.
|
|
|
|
|
Registered Office : |
K Letišti 1804/3, 627 00 Šlapanice |
|
|
|
|
Country : |
Czech Republic |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
22.07.2009 |
|
|
|
|
Com. Reg. No.: |
C 63227 |
|
|
|
|
Legal Form : |
Private Limited Company
|
|
|
|
|
Line of Business : |
Manufacture and sale of press valves for nuclear and heat power stations. |
|
|
|
|
No of Employees : |
333 |
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 |
CCI CZECH REPUBLIC
S.R.O.
K letišti 1804/3
627 00 Šlapanice
Telephone: 00420/ 511 188
288
Telefax: 00420/ 511 188
245
E-mail: michal.krajcik@ccivalve.com
Web: www.ccivalve.com
Legal form Private limited company
Foundation 22/07/2009 - Private limited
company
Comp. Register 22/07/2009, Krajský soud v Brně, RegNr.:
C 63227
Statistical number: 28353617
Tax number: CZ28353617
Share Capital 22/07/2009 CZK 120 000 000,-
17/08/2011 CZK 320 000 000,-
09/03/2012 CZK 420 000 000,-
19/12/2012 CZK 870 000 000,-
Shareholders IMI Overseas
Investments Limited CZK 858 000 000,-
Solihull Parkway, Birmingham
Business Park, B37 7XZ Birmingham,
Lakeside, Great Britain
IMI Kynoch Limited CZK 12 000 000,-
Solihull Parkway, Birmingham
Business Park, B37 7XZ Birmingham,
Lakeside, Great Britain
Management Ing. Karl Wonisch
(22.11.1959)
Jubiläumsstraße 16, 2352
Gumpoldskirchen, Austria
Executive Manager
Sole power of attorney
Ing. Miroslav Focht, MBA
(23.02.1957)
Na Vápenném 2, 140 00 Praha 4
Executive Manager
Sole power of attorney
Konrad Blank (18.04.1968)
Franzosenweg 3, 2301 Groß-Enzersdorf,
Austria
Executive Manager
Sole power of attorney
General Data Manufacture and
sale of press valves for nuclear and heat power
stations.
Main
activity:
Manufacture of
other taps and valves
(28.14)
Trade name(s)
CCI Czech Republic
s.r.o.
Beginning of
validity: 22.07.2009
Export: 92%
USA
Sweden
Switzerland
Austria
Import:
Austria
USA
General
contacts:
telephone:
00420/ 511 188
288
telefax:
00420/ 511 188 245
e-mail:
michal.krajcik@ccivalve.com
Web:
www.ccivalve.com
Address:
K letišti 1804/3,
627 00 Šlapanice
Beginning of
validity: 06.10.2009
Evropská 852, 664
42 Modřice
Beginning of
validity: 22.07.2009
End of validity:
06.10.2009
Staff 2009 0 employees
2010 200 employees
2011
339 employees
2012 458 employees
2013 347 employees
2014 333
employees
Annual Sales 2009 actual sales
CZK 0,-
2010 actual sales CZK 370 850 000,-
2011 actual sales
CZK
1 218 280 000,-
2012 actual sales
CZK 2 010 988 000,-
2013 actual sales
CZK
1 308 885 000,-
The company is not
registered in the Central register of executions.
Property none
Balance sheets The enclosed
balance of 2013
company's own data, it is authenticated
by the auditor. (31.12.2013 - 1 CZK)
The enclosed balance of 2012
company's
own data, it is authenticated by the
auditor. (31.12.2012 - 1
CZK)
The enclosed balance of 2011 from
business register, it is
authenticated by the auditor.
(31.12.2011 - 1 CZK)
The enclosed
profit/loss account of 2013
company's own data, it is
authenticated by the auditor. (31.12.2013 - 1 CZK)
The enclosed
profit/loss account of 2012 company's
own data, it is
authenticated by the auditor. (31.12.2012 - 1
CZK)
The enclosed
profit/loss account of 2011 company's own data, it is authenticated by the
auditor. (31.12.2011 - 1 CZK)
Remarks The company is a holder of
ISO 9001 certificate.
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.
Contact:
Michal Krajčík,
chief accountant, phonel: 00420/ 511 188 290,
e-mail:
michal.krajcik@ccivalve.com
Bankers UniCredit Bank
Czech Republic
(2700)
and Slovakia,
a.s.
Account number:
2102357958/
2700
Account number:
2102398426/
2700
Account number:
2104183437/
2700
Copyright: This information
is addressed exclusively to the addressee.
Creditreform Contractor
obligates to provide updated information. Although
s.r.o. Praha 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.
balance 31.12.2010 31.12.2011
31.12.2012 31.12.2013
(CZK) (CZK) (CZK) (CZK)
>r1
>TOTAL ASSETS
>964 725 000 >2 076 001 000
>1 412 627 000 >1 225 632 000
r2
Receivables for
0 0 0
subscriptions
>r3
>Fixed assets
>262 467 000
>282 145 000 >271 277 000 >385 231 000
>r4
>Intangible fixed
>7 308 000
>10 093 000
>13 813 000
>153 746 000
assets
r5
Incorporation expenses
115 000
84 000 54 000 26 000
r7
Software
7 193 000
4 294 000
11 035 000 7 407 000
r10
Other intangible
145 378 000
fixed assets
r11
Intangible fixed
5 715 000
2 724 000
935 000
assets under
construction
>r13
>Tangible fixed assets
>255 159 000
>272 052 000 >257 464 000 >231 485 000
r14
Lands
0 0 0
r15
Constructions
44 263 000
52 073 000
51 179 000 45 638 000
r16
Equipment
205 653 000
204 862 000
197 318 000
174 901 000
r20
Tangible fixed assets
5 243 000
14 730 000
8 533 000 9 804 000
under construction
r21
Advance payments for
387 000
434 000
1 142 000
tangible fixed assets
>r23
>Long-term financial
>0 >0 >0 >0
assets
>r31
>Current assets
>683 804 000 >1 783 017 000
>1 131 228 000
>829 292 000
>r32
>Inventory
>184 929 000
>844 025 000 >651 331 000 >459 905 000
r33
Materials 119 953 000 319 409 000 214 735 000 213 374 000
r34
Work in progress and
64 976 000
522 112 000
303 634 000 157 519 000
semi-products
r35
Finished products
2 504 000
132 962 000
89 012 000
>r39
>Long-term receivables
>0 >0 >0 >178 289 000
r41
Receivables from
178 289 000
controlled and
managed organizations
>r48
>Short-term
>498 092 000
>936 491 000 >474 211 000 >185 065 000
receivables
r49
Trade receivables
125 128 000
551 513 000
307 596 000 170 748 000
r50
Receivables from
248 621 000
254 333 000
controlled and
managed organizations
r54
Due from state - tax
6 721 000
6 626 000
16 000
receivable
r55
Short-term deposits
2 129 000
4 706 000
77 734 000 994 000
given
r56
Estimated receivable
115 493 000
119 313 000
88 865 000 5 348 000
r57
Other receivables
7 975 000
>r58
>Short-term financial
>783 000
>2 501 000
>5 686 000
>6 033 000
assets
r59
Cash 97 000
r60
Bank accounts
783 000
2 501 000
5 589 000 6 033 000
>r63
>Accruals
>18 454 000
>10 839 000
>10 122 000
>11 109 000
r64
Deferred expenses
18 422 000
10 839 000
10 122 000
11 109 000
r66
Deferred income
32 000
>r67
>TOTAL LIABILITIES
>964 725 000 >2 076 001 000
>1 412 627 000 >1 225 632 000
>r68
>Equity
>81 331 000 >388 489 000
>949 196 000 >1 025 828 000
>r69
>Registered capital
>120 000 000
>320 000 000 >870 000 000 >870 000 000
r70
Registered capital
120 000 000
320 000 000
870 000 000 870 000 000
>r73
>Capital funds
>0 >0 >0 >0
>r78
>Reserve funds,
>0 >0 >10 716 000 >10 716 000
statutory reserve
account for
cooperatives, and
other retained
earnings
r79
Legal reserve fund /
10 716 000
10 716 000
indivisible fund
>r81
>Profit / loss -
>-2 002 000
>-38 669 000
>57 773 000
>68 481 000
previous years
r82
Retained earnings
96 442 000
107 150 000
from previous years
r83
Accumulated losses
-2 002 000
-38 669 000
-38 669 000
-38 669 000
from previous years
>r84
>Profit / loss -
>-36 667 000
>107 158 000
>10 707 000
>76 631 000
current year
(+/-)
>r85
>Liabilities
>883 394 000 >1 687 512 000
>463 449 000
>199 804 000
>r86
>Reserves
>0 >0 >0 >0
>r91
>Long-term payables >686 802 000
>1 087 855 000 >161 365 000 >0
r93
Payables to
686 802 000 1 087 855 000 161 365 000
controlled and
managed organizations
>r102
>Short-term payables
>196 592 000
>599 657 000 >302 084 000 >199 804 000
r103
Trade payables
173 556 000
478 088 000
129 339 000 56 579 000
r107
Payroll
8 238 000 15 515 000 11 489 000 10 054 000
r108
Payables to social
4 993 000
8 886 000
6 281 000 5 245 000
securities and health
insurance
r109
Due from state - tax
1 672 000
3 142 000
9 858 000 3 117 000
liabilities and
subsidies
r112
Estimated payables
7 786 000
94 019 000
145 117 000 124 471 000
r113
Other payables
347 000
7 000
338 000
>r114
>Bank loans and
>0 >0 >0 >0
financial
accommodations
r115
Long-term bank loans 0 0 0 0
r116
Short-term bank loans 0 0 0 0
r117
Short-term 0 0 0 0
accommodations
>r118
>Accruals
>0 >0 >-18 000 >0
r119
Accrued expenses
-18 000
profit/loss account 31.12.2010 31.12.2011
31.12.2012 31.12.2013
(CZK) (CZK) (CZK) (CZK)
>a1
>Turnover
>370 850 000 >1 218 280 000
>2 010 988 000 >1 308 885 000
a2
Revenues from sold
0 0 0
goods
a3
Expenses on sold goods
0 0 0
>a4
>Sale margin
>0 >0 >0 >0
>a5
>Production
>405 818 000 >1 679 411 000
>1 933 491 000 >1 162 018 000
a6
Revenues from own
370 850 000 1 218 280 000
2 010 988 000 1 308 885 000
products and services
a7
Change in inventory
34 968 000 461 131 000 -77 497 000 -146 867 000
of own products
>a9
>Production
>289 509 000 >1 281 241 000
>1 469 826 000
>844 117 000
consumption
a10
Consumption of
191 322 000 1 019 400 000
1 143 078 000
677 444 000
material and energy
a11
Services
98 187 000
261 841 000
326 748 000
166 673 000
>a12
>Added value
>116 309 000
>398 170 000 >463 665 000 >317 901 000
>a13
>Personnel expenses
>129 186 000
>222 686 000 >308 267 000 >222 794 000
a14
Wages and salaries
94 449 000
163 386 000
228 840 000 166 082 000
a16
Social security
31 896 000
54 743 000
73 557 000 51 886 000
expenses and health
insurance
a17
Other social expenses
2 841 000
4 557 000
5 870 000 4 826 000
a18
Taxes and fees
131 000
136 000
917 000 421 000
a19
Depreciations of
16 547 000
35 561 000
43 903 000 58 212 000
intangible and
tangible assets
>a20
>Revenues from
>3 623 000
>3 548 000
>5 913 000
>4 085 000
disposals of fixed
assets and materials
a21
Revenues from
850 000
disposals of fixed
assets
a22
Revenues from
3 623 000
3 548 000
5 913 000 3 235 000
disposals of materials
>a23
>Net book value of
>0 >0 >0 >2 456 000
disposed fixed assets
and materials
a24
Net book value of
596 000
sold fixed assets
a25
Net book value of
1 860 000
sold material
a26
Change in operating
16 889 000
-1 762 000
87 106 000 -17 327 000
reserves and
adjustments and
complex deferred
costs ( + / - )
a27
Other operating
59 396 000
14 663 000
16 598 000
28 774 000
revenues
a28
Other operating
46 529 000
639 000
3 787 000 3 016 000
expenses
>a31
>Operating profit /
>-29 954 000
>159 121 000
>42 196 000
>81 188 000
loss
>a34
>Revenues from long- >0 >0
term financial assets
a40
Revenues from
7 975 000
revaluation of
securities and
derivatives
a43
Interest revenues
6 950 000
9 303 000 32 000 293 000
a44
Interest expenses
16 541 000
34 496 000
32 845 000 1 813 000
a45
Other financial
43 434 000
23 053 000
26 312 000 19 019 000
revenues
a46
Other financial
40 555 000
50 280 000
24 988 000 30 024 000
expenses
>a49
>Profit / loss from
>-6 712 000
>-52 420 000 >-31 489 000 >-4 550 000
financial operations
( transactions )
>a50
>Income tax on
>0 >0 >0 >7 000
ordinary income
a51
Due tax
7 000
>a53
>Operating profit /
>-36 666 000
>106 701 000
>10 707 000
>76 631 000
loss ordinary activity
a54
Extraordinary revenues
7 000 732 000
a55
Extraordinary expenses
8 000 275 000
>a56
>Income tax on >0 >0
extraordinary income
>a59
>Operating profit /
>-1 000
>457 000
>0 >0
loss extraordinary
activity
>a61
>Profit / loss of
>-36 667 000
>107 158 000
>10 707 000
>76 631 000
current accounting
period
(+/-)
>a62
>Profit / loss before
>-36 667 000
>107 158 000
>10 707 000
>76 638 000
tax (+/-)
> >Operating cash flow >- >155 373 000 >517 580 000
278 185 000
> >Investment cash flow >- >222 382 000
>-355 868 000
408 166 000
> >Financial cash flow >686 802 000 >-
>-161 365 000
374 570 000
> >Receivables after >46 247 000
due date total
> >Liabilities after >63 603 000 >164 624 000
due date total
Balance
indices 31.12.2010 31.12.2011
31.12.2012 31.12.2013
Return
on a62/r1 * -3,80 5,16 0,76 6,25
total
assets 100
ROA
(in %)
Return
on a62/r68 -45,08 27,58 1,13 7,47
equity
ROE (in * 100
%)
Return
on a62/a1 * -9,89 8,80 0,53 5,86
sales
ROS (in 100
%)
Turnover
of r49/a1 * 123,15 165,23 55,83 47,62
receivables 365
(in
days)
Turnover
of r103/a1 170,82 143,24 23,48 15,78
liabilities * 365
(in
days)
Turnover
of r32/a1 * 182,01 252,87 118,22 128,25
inventories 365
(days)
Net
working r31 - 487 212,00 1 183 360,00 829 144,00 629 488,00
capital
(in r102 -
ths.
CZK) r116 -
r117
Ratio
of (r39+ 56,38 55,50 102,32 181,86
accounts r48) /
payable
to (r91+
accounts r102) *
receivable
(in 100
%)
Ratio
of r3 / a1 70,77 23,16 13,49 29,43
profit/loss
to * 100
tangible
assets
(in%)
Current
ratio r31 / 3,48 2,97 3,74 4,15
(r102+
r116+
r117)
Quick
ratio (r58+ 2,54 1,57 1,59 0,96
r48) /
(r102+
r116+
r117)
Cash
ratio r58 / 0,00 0,00 0,02 0,03
(r102+
r116+
r117)
Debt
ratio I (1-r68/ 91,57 81,29
32,81 16,30
(in
%) r67) *
100
Debt
ratio II r85/r67 91,57 81,29 32,81 16,30
(in
%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.36 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.77.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared by
: |
SMN |
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.