|
Report Date : |
18.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
KO-SI
D.D. |
|
|
|
|
Formerly Known As : |
TUS KO-SI d.d |
|
|
|
|
Registered Office : |
Pod
Gradom 2A, 2380 Slovenj Gradec |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1990 |
|
|
|
|
Com. Reg. No.: |
10158400 |
|
|
|
|
Legal Form : |
Joined Stocked Company |
|
|
|
|
Line of Business : |
Manufacture of non-wovens and articles made from non-wovens,
except apparel. |
|
|
|
|
No. of Employees : |
76 |
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.
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 |
KO-SI D.D.
Pod
Gradom 2A, 2380 Slovenj Gradec
Phone: 02 883 90 20
Telefax: 02 884 37 95
E-Mail: info@tus-kosi.si
Web: www.tus-kosi.si
|
Legal form |
Joined stocked Company |
|
||||||||
|
Established on |
1990 - d.o.o. - Limited liability company (Ltd.) 1970 - 12/1997 - Joined stocked Company |
|||||||||
|
|
last entry on 24.9.2013 on 5.9.2012 change of company name from TUS KO-SI d.d. into KO-SI d.d. |
|||||||||
|
Registered on |
28/12/1997, Slovenj Gradec, Registration number: 10158400 Tax number: SI47435909 Company number: 5101646 |
|||||||||
|
Registered capital |
|
EUR |
898.460,19 |
|
||||||
|
Head shareholders |
Gorazd Fale Breznica 18, 2391 Prevalje |
% |
76,18 |
|
||||||
|
|
KO-SI d.d. (Statistical number: 5101646) Pod Gradom 2A, 2380 Slovenj Gradec |
% |
10 |
|
||||||
|
|
INSULA D.O.O. (Statistical number: 1732579) GAČNIKOVA POT 3, 2390 RAVNE NA KOROŠKEM |
% |
6,93 |
|
||||||
|
|
PURO TEHNIKA d.o.o. (Statistical number: 5910234) Pod gradom 2a, 2380 Slovenj Gradec |
% |
4,65 |
|
||||||
|
|
small shareholders |
% |
2,24 |
|
||||||
|
|
(stand per 13.10.2014) |
|||||||||
|
Board of Directors |
Primož Mlačnik Perzonali 5, 2391 Prevalje director |
|||||||||
|
|
(stand per 15.10.2014) |
|||||||||
|
Supervisory Board |
Danilo Gaber Pod gradom 7, 2380 Slovenj Gradec member of the supervisory board |
|||||||||
|
|
Gorazd Fale Breznica 18, 2391 Prevalje member of the supervisory board |
|||||||||
|
|
Otmar Sekavčnik Prečna ulica 9, 2380 Slovenj Gradec member of the supervisory board |
|||||||||
|
|
(stand per 15.10.2014) |
|||||||||
Other
activities
|
||||||||||
|
General data |
Company activity: manufacture of non-wovens and articles made from non-wovens, except apparel manufacture of upholstered furniture and mattresses stuffing from natural materials, also manufacure of steam isolative materials, other extiles Headquarters and business-production premises are located on the address above |
|||||||||
|
|
Main activity: Manufacture of non-wovens and articles made from non-wovens, except apparel (NACE 2) |
|
||||||||
|
|
Export: Russia White Russia Ukraine European Union Switzerland USA |
|
||||||||
|
|
Import: Germany Sri Lanka Italy |
|
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|
|
|
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|
|
Residence address: Pod Gradom 2A, 2380 Slovenj Gradec Phone: 02 883 90 20 Telefax: 02 884 37 95 E-Mail: info@tus-kosi.si Web: www.tus-kosi.si |
|||||||||
|
Employees |
2008 |
70 employees |
||||||||
|
|
2009 |
64 employees |
||||||||
|
|
2010 |
67 employees |
||||||||
|
|
2011 |
69 employees |
||||||||
|
|
2012 |
74 employees |
||||||||
|
|
2013 |
76 employees |
||||||||
|
|
2014 |
76 employees |
||||||||
|
Annual turnover |
2008 |
Enterprise turnover |
EUR |
7.808.100,- |
|
|||||
|
|
2009 |
Enterprise turnover |
EUR |
6.994.977,- |
|
|||||
|
|
2010 |
Enterprise turnover |
EUR |
8.061.577,- |
|
|||||
|
|
2011 |
Enterprise turnover |
EUR |
9.974.732,- |
|
|||||
|
|
2012 |
Enterprise turnover |
EUR |
10.324.110,- |
|
|||||
|
|
2013 |
Enterprise turnover |
EUR |
10.691.086,- |
|
|||||
|
Property |
Company's property: Land and buildings per 31.12.2013 SI-2380 Slovenj Gradec Book value: 3.192.980,- EUR (Official source) Company's property: Business premises SI-2380 Slovenj Gradec, Pod Gradom 2a |
|||||||||
|
Remarks |
Full name of company: KO-SI podjetje za proizvodnjo netkanih tkanin d.d. participation in capital: Puro tehnika d.o.o.(74,01% share) KO-SI Naturfaser Gmbh, Hauptplatz 22.A, 9100 Volkermarkt, Austria (100% share) Ekotrade d. o. o.( 76,34% share) (stand per 15.10.2014) |
|||||||||
|
Interests |
Gorazd Fale: |
|||||||||
|
|
EKOTRADE d.o.o. (Statistical number: 5626994) |
Owner |
|
|||||||
|
|
FAMTEH d.o.o. (Statistical number: 2270315) |
Owner |
|
|||||||
|
|
SGP TEHNIK d.d. (Statistical number: 5075513) |
Supervisory Board |
|
|||||||
|
|
KO-SI d.d. (Statistical number: 5101646): |
|||||||||
|
|
AERODROM SLOVENJ GRADEC d.o.o. (Statistical number: 1636413) |
Owner |
10% |
|||||||
|
|
EKOTRADE d.o.o. (Statistical number: 5626994) |
Owner |
|
|||||||
|
|
KO-SI d.d. (Statistical number: 5101646) |
Head shareholders |
10% |
|||||||
|
|
PURO TEHNIKA d.o.o. (Statistical number: 5910234) |
Owner |
|
|||||||
|
|
SGP TEHNIK d.d. (Statistical number: 5075513) |
Head shareholders |
25,1% |
|||||||
|
|
Primož Mlačnik: |
|||||||||
|
|
PURO TEHNIKA d.o.o. (Statistical number: 5910234) |
Manager |
|
|||||||
|
|
SGP TEHNIK d.d. (Statistical number: 5075513) |
Supervisory Board |
|
|||||||
|
|
PURO TEHNIKA d.o.o. (Statistical number: 5910234): |
|||||||||
|
|
PURO TEHNIKA d.o.o. (Statistical number: 5910234) |
Owner |
|
|||||||
|
Bank relations |
NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA: Central address: SI Trg republike 2, 1520 Ljubljana Account number: 02470-0254824653 BANKA CELJE d.d.: Central address: SI Vodnikova 2, 3000 Celje Account number: 06000-0036375881 PROBANKA d.d.: Central address: SI Trg Leona Štuklja 12, 2000 Maribor Account number: 25100-9704174165 BANKA KOPER d.d.: Central address: SI Pristaniška 14, 6502 Koper Account number: SI56 101000052700289 |
|||||||||
|
Business course |
satisfactory |
|
||||||||
|
Terms of payment |
No complaints, but occasional delays |
|
||||||||
|
Business connection |
Business connection appear premissable |
|
||||||||
|
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 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 SHEET
|
BALANCE |
A 31.12.2013 |
B 31.12.2012 |
C 31.12.2011 |
D 31.12.2010 |
|
ASSETS (AKTIVA) |
9.962.642 |
10.640.387 |
10.501.707 |
9.061.686 |
|
LONG-TERM ASSETS |
7.628.574 |
8.359.096 |
7.563.280 |
6.801.118 |
|
Intangible assets and long-term deferred costs and accrued revenues |
7.804 |
6.646 |
3.737 |
4.424 |
|
Intangible assets |
7.804 |
6.646 |
3.737 |
4.424 |
|
Long-term deferred costs and accrued revenues |
0 |
0 |
0 |
0 |
|
Tangible fixed assets |
5.839.722 |
4.888.799 |
4.402.251 |
3.513.640 |
|
Long-term financial investments and Real estate investments |
1.761.676 |
3.445.531 |
3.129.655 |
3.269.468 |
|
Investment property |
571.811 |
619.202 |
221.868 |
578.681 |
|
Long-term financial investments |
1.189.865 |
2.826.329 |
2.907.787 |
2.690.787 |
|
Long-term operating receivables |
0 |
0 |
0 |
0 |
|
Deferred receivables for taxes |
19.372 |
18.120 |
27.637 |
13.586 |
|
SHORT-TERM ASSETS |
2.327.709 |
2.275.571 |
2.927.351 |
2.254.500 |
|
Assets (group for estrange) for sell |
0 |
0 |
0 |
0 |
|
Inventories |
752.840 |
725.760 |
882.220 |
665.549 |
|
Short-term financial investments |
0 |
0 |
447.470 |
32.470 |
|
Short-term operating receivables |
1.436.462 |
1.209.384 |
1.439.117 |
1.284.227 |
|
Cash assets |
138.407 |
340.427 |
158.544 |
272.254 |
|
Short-term deferred costs and accrued revenues |
6.359 |
5.720 |
11.076 |
6.068 |
|
Off-balance sheet items |
1.570.512 |
1.719.528 |
2.315.990 |
1.993.715 |
|
LIABILITIES |
9.962.642 |
10.640.387 |
10.501.707 |
9.061.686 |
|
CAPITAL |
7.399.977 |
7.749.105 |
6.554.912 |
5.876.924 |
|
Called-up capital |
898.460 |
898.460 |
898.460 |
898.460 |
|
Basic (subscribed) capital |
898.460 |
898.460 |
898.460 |
898.460 |
|
Non called-up capital (deductive item) |
0 |
0 |
0 |
0 |
|
Capital reserves |
1.526.950 |
1.526.950 |
1.526.950 |
1.526.950 |
|
Reserves from profit |
132.778 |
132.778 |
132.778 |
132.778 |
|
Surplus from revaluation |
0 |
0 |
0 |
0 |
|
Retained net |
5.086.055 |
3.796.085 |
3.259.641 |
2.796.644 |
|
Net business result for the business year |
-244.266 |
1.394.832 |
737.083 |
522.092 |
|
PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES |
345.945 |
177.188 |
213.029 |
152.962 |
|
FINANCIAL AND BUSINESS LIABILITIES |
2.132.736 |
2.587.276 |
3.346.785 |
2.721.386 |
|
LONG-TERM LIABILITIES |
233.333 |
31.467 |
742.550 |
1.036.966 |
|
Long-term financial liabilities |
233.333 |
31.467 |
742.550 |
1.036.966 |
|
Long-term operating liabilities |
0 |
0 |
0 |
0 |
|
Deferred liabilities for taxes |
0 |
0 |
0 |
0 |
|
SHORT-TERM LIABILITIES |
1.899.403 |
2.555.809 |
2.604.235 |
1.684.420 |
|
Liabilities, included in groups for estrange |
0 |
0 |
0 |
0 |
|
Short-term financial liabilities |
798.134 |
1.561.083 |
1.444.416 |
919.416 |
|
Short-term operating liabilities |
1.101.269 |
994.726 |
1.159.819 |
765.004 |
|
SHORT-TERM ACCRUED COSTS AND DEFERRED REVENUES |
83.984 |
126.818 |
386.981 |
310.414 |
|
Off-balance sheet items |
1.570.512 |
1.719.528 |
2.315.990 |
1.993.715 |
|
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 - 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
|
PROFIT AND LOSS
ACCOUNT |
A 31.12.2013 |
B 31.12.2012 |
C 31.12.2011 |
D 31.12.2010 |
|
Net sales |
10.516.079 |
10.078.269 |
9.391.061 |
7.883.478 |
|
Changes in the value of inventories of products and work-in-process |
11.303 |
-19.051 |
65.202 |
25.822 |
|
Capitalised own products and own services |
0 |
0 |
0 |
5.957 |
|
Other operating revenues (with subventions, grants,...) |
59.855 |
75.924 |
455.415 |
56.004 |
|
GROSS OPERATING YIELD |
10.587.237 |
10.135.142 |
9.911.678 |
7.971.261 |
|
Cost of goods, material and services |
5.972.791 |
5.979.936 |
6.600.137 |
5.152.090 |
|
Purchase value of goods and materials sold and cost of material and cost of material used |
5.039.904 |
5.122.515 |
5.710.461 |
4.314.228 |
|
Cost of services |
932.887 |
857.421 |
889.676 |
837.862 |
|
Labour cost |
2.137.315 |
1.918.563 |
1.818.429 |
1.732.263 |
|
Cost of wages |
1.563.118 |
1.388.105 |
1.306.094 |
1.242.040 |
|
Cost of pension insurance |
205.333 |
183.201 |
173.869 |
166.348 |
|
Cost of other social insurance |
113.956 |
101.106 |
94.543 |
90.377 |
|
Other labour cost |
254.908 |
246.151 |
243.923 |
233.498 |
|
Write-offs |
490.579 |
490.066 |
347.794 |
354.703 |
|
Depreciation |
490.413 |
443.127 |
347.723 |
354.703 |
|
Revaluation operating expenses for non-tangible assets and tangible fixed assets |
65 |
347 |
71 |
0 |
|
Revaluation operating expenses for current assets |
101 |
46.592 |
0 |
0 |
|
Other operating expenses |
138.584 |
129.665 |
152.363 |
101.627 |
|
OPERATING REVENUES |
10.575.934 |
10.154.193 |
9.846.476 |
7.945.439 |
|
OPERATING EXPENSES |
8.739.269 |
8.518.230 |
8.918.723 |
7.340.683 |
|
OPERATING RESULT |
1.836.665 |
1.635.963 |
927.753 |
604.756 |
|
EBIT |
1.847.968 |
1.616.912 |
992.955 |
630.578 |
|
Financial income from investments in other enterprises |
0 |
0 |
0 |
0 |
|
Financial income from loans |
124 |
5.737 |
13.385 |
4.557 |
|
Financial income from operating receivables |
15.551 |
20.566 |
18.421 |
59.863 |
|
Financial expenses from depreciation and write-offs of financial investments |
2.048.463 |
0 |
0 |
0 |
|
Financial expenses from financial liabilities |
57.517 |
79.811 |
91.038 |
57.069 |
|
Financial expenses from operating liabilities |
9.117 |
40.808 |
23.576 |
34.013 |
|
Financial income |
15.675 |
26.303 |
31.806 |
64.420 |
|
Financial expenses |
2.115.097 |
120.619 |
114.614 |
91.082 |
|
Other revenues |
88.174 |
162.665 |
31.248 |
25.896 |
|
Other expenses |
2.731 |
63.470 |
39.932 |
755 |
|
Total revenues |
10.691.086 |
10.324.110 |
9.974.732 |
8.061.577 |
|
Total costs |
10.857.097 |
8.702.319 |
9.073.269 |
7.432.520 |
|
Total business result |
-166.011 |
1.621.791 |
901.463 |
629.057 |
|
Tax on profit |
79.507 |
217.442 |
164.644 |
105.831 |
|
Deferred taxs |
-1.252 |
9.517 |
-264 |
1.134 |
|
Net business result for the accounting period |
-244.266 |
1.394.832 |
737.083 |
522.092 |
RATIOS
|
Ratios |
|
2010 |
2011 |
2012 |
2013 |
|
|
Equity ratio |
0,1 |
0,09 |
0,08 |
0,09 |
|
|
Cleared equity ratio |
0,1 |
0,09 |
0,08 |
0,09 |
|
|
Current liquidity |
1,34 |
1,12 |
0,89 |
1,23 |
|
|
Quick liquidity |
0,94 |
0,79 |
0,61 |
0,83 |
|
|
Working capital |
570080 |
323116 |
-280238 |
428306 |
|
|
Gearing |
10,09 |
11,69 |
11,84 |
11,09 |
|
|
Cleared gearing |
2,18 |
2,43 |
1,77 |
1,15 |
|
|
Profitability |
7,8 |
9,04 |
15,71 |
-1,55 |
|
|
Operating profitability |
6,48 |
7,39 |
13,51 |
-2,28 |
|
|
Stock days |
30,13 |
32,28 |
25,66 |
25,7 |
|
|
Debtor days |
58,15 |
52,66 |
42,76 |
49,04 |
|
|
Supplier days |
34,64 |
42,44 |
35,17 |
37,6 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
|
1 |
Rs.99.12 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.