MIRA INFORM REPORT

 

 

Report Date :

11.10.2014

 

IDENTIFICATION DETAILS

 

Name :

RADIX BIS

 

 

Registered Office :

Janusz Baranowski  Rotmanka ul. Gerberowa 22 83-010 Straszyn

 

 

Country :

Poland

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

10.04.1995

 

 

Legal Form :

Natural Persons Conducting Business Activity

 

 

Line of Business :

Import and Distribution of Diet Articles and Healthy Food Articles

 

 

No. of Employees :

Up to 40 employees

 

 

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)

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 and address

 

RADIX BIS

 

Janusz Baranowski  Rotmanka ul. Gerberowa 22 83-010 Straszyn

Phone:    58 6831006

Fax:      58 6830099

E-mail:   radix@radix-bis.pl

Website:  radix-bis.pl

 

 

 

Company summary

 

Legal form

Natural persons conducting business activity

Stat.no.

190858238

Tax ID

PL 5841016999

 

Establishment

10.04.1995

Changes of names and addresses

10.04.1995 ul. Gr

nwaldzka 139, 80-264 Gdańsk

 

21.06.2005  Rotmanka, ul. Gerberowa 22, 83-010 Straszyn

 

Registration:

23.11.2011, Central Business Activity Registration and Information Office, 
Data concerning previous registrations:
10.04.1995, Municipal Office Gdańsk, No. 56859

21.06.2005, Municipal Of

ice Pruszcz Gdański, No. 3310

 

Owner

Janusz Baranowski

 

 

 

Main activity

Import and distribution of diet articles and healthy food articles

 

 

Import Czech Republic, India, Chile, Canada, Argentina, China, France,

lovakia, Ukraine, Turkey, Italy, United States

 

 

 

 

 

Branches NACE 2007:

 

 

Non-specialized wholesale of food, beverages and tobacco

(G.46.39.Z)

 

Other processing and preserving of fruits and vegetables

(C.10.39.Z)

 

Manufacture of grain mill products

(C.10.61.Z)

 

Other transportation activities

(H.49.41.Z)

 

Real estate renting

(L.68.20.Z)

 

Employment

2007:              19                 employees
2008:              40                 employees
2011:              up to 40        employees

 

Turnover

annual income of the company over EUR 1.200.000,--

 

 

Financial statements

 

 

No balance data available due to lack of obligation of balance data publication.

 

While rating the company, it is advisable
to take into consideration information about the branch, the company is acting in

(C.10.39.Z - NACE 2007), as at :

30.06.2014

31.12.2013

31.12.2012

31.12.2011

31.12.2010

Current ratio............................

1,50

1,33

1,45

1,45

1,51

Quick ratio..............................

0,73

0,55

0,58

0,59

0,57

Immediate ratio..........................

0,16

0,07

0,08

0,08

0,10

Return on sale...........................

1,56

1,79

2,94

2,86

3,50

Return on assets.........................

1,01

2,09

3,57

3,27

4,07

Return on equity.........................

2,07

5,30

8,61

8,90

8,96

Average trade debtors' days..............

57,38

61,94

61,97

67,43

59,50

Average stock turnover's days............

76,24

99,85

108,36

114,48

123,03

average payables payment period..........

101,79

130,11

125,82

133,53

131,15

Total indebtedness ratio.................

51,40

60,52

58,51

63,24

54,56

Percent share in the examinated group
of companies with net profit.............

65,40

81,40

77,70

75,70

77,90

Sales/revenue per employee in th. PLN....

215,88

434,88

407,60

378,73

358,86

Average sales/revenue per company in
th. PLN..................................

32 775,06

68 020,61

65 599,51

61 216,73

57 671,43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(G.46.39.Z - NACE 2007), as at :

30.06.2014

31.12.2013

31.12.2012

31.12.2011

31.12.2010

Current ratio............................

1,26

1,26

1,20

1,15

1,15

Quick ratio..............................

0,81

0,85

0,81

0,74

0,72

Immediate ratio..........................

0,05

0,05

0,06

0,04

0,04

Return on sale...........................

0,68

1,22

0,79

0,99

0,89

Return on assets.........................

1,24

3,82

2,54

3,45

2,95

Return on equity.........................

3,41

9,65

6,93

10,55

8,34

Average trade debtors' days..............

35,67

39,95

41,14

38,39

37,99

Average stock turnover's days............

22,68

24,49

23,34

23,33

24,54

average payables payment period..........

50,54

60,52

61,34

58,32

58,19

Total indebtedness ratio.................

63,61

60,38

63,30

67,30

64,64

Percent share in the examinated group
of companies with net profit.............

73,40

83,10

83,80

83,60

88,00

Sales/revenue per employee in th. PLN....

602,43

1 174,61

1 127,65

1 047,65

914,35

Average sales/revenue per company in
th. PLN..................................

115 083,19

258 938,69

245 843,68

220 781,71

193 754,82

 

 

 

 

 

 

according to the Central Statistical Office

 

Locations:

seat:
Rotmanka, ul. Gerberowa 22, 83-010 Straszyn
Phone:                   58 6831006
Fax:                     58 6830099
E-mail:                  radix@radix-bis.pl
Website:                 radix-bis.pl

ul. Grunwaldzka 139, 80-264 Gdańsk

 

 

Real Estate

No data
Verification of information on real estate ownership position through the Real Estate Register is not covered by the standard report.

 

 

 

Connections:

Janusz Baranowski 
Connections have not been dete

mined due to no possibility of identification of the persons or subjects which appear in the company.

 

Data concerning connections are valid as at: 16.09.2014.

 

 

 

General information

The subject has not decided to cooperate in elaboration of this report yet.
If we obtain any further information, we will send it in the.

 

 

 

Banks

Bank Ochrony Środowiska SA
ul. Żelazna 32, 00-832 Warszawa

 

 

 

Payment Manner

In available sources, payment delays have not been noted

Credit capability

Business connections should not be refused, credits require security

 

Due to no insight into curre

t financial situation of the company

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.16

UK Pound

1

Rs.98.62

Euro

1

Rs.77.67

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SHG

 

               

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.