|
Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAROVT D.O.O. |
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|
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Registered Office : |
Stranice 55, 3206 Stranice |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
26.05.1992 |
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Com. Reg. No.: |
10404700 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of other parts and accessories for motor vehicles, production of precision forged parts weighing from made of the following material |
|
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|
|
No. of Employees |
147 |
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) |
|
Slovenia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
MAROVT D.O.O.
Stranice 55, 3206 Stranice
Phone: 03 757 21 00
Telefax: 03 757 21 05
E-Mail: info@marovt.com
Web: www.marovt.com
|
Legal form |
d.o.o. - LIMITED LIABILITY COMPANY (Ltd.) |
|
||||||||
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Established on |
26/05/1992 - d.o.o. - Limited liability company (Ltd.) |
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|
last entry on 15.4.2011 |
|||||||||
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Registered on |
26/05/1992, Celje, Registration number: 10404700 Tax number: SI59469803 Company number: 5629977 |
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|
Registered capital |
|
EUR |
587.940,00 |
|
||||||
|
Owner |
Tomaž Marovt Žička cesta 6, 3210 Slovenske Konjice |
EUR |
323.367,00 |
|
||||||
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|
Mojca Marovt Haložan Mestni trg 15, 3210 Slovenjske Konjice |
EUR |
235.176,00 |
|
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|
Metka Marovt Žička cesta 6, 3210 Slovenske Konjice |
EUR |
29.397,00 |
|
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Manager |
Tomaž Marovt Žička cesta 6, 3210 Slovenske Konjice director |
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Supervisory Board |
Nikolaj Marovt Kozje 38, 3260 Kozje member of the supervisory board |
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Oto Marovt Škalce 116, 3210 Slovenske Konjice member of the supervisory board |
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General data |
company activity: Manufacture of other parts and accessories for motor vehicles, production of precision forged parts weighing from made of the following material: -carbon steel, -alloy steel, -stainless steel production of forged parts and the program of turning parts Headquarters, business nad production premieses are located on the address above, production premises are also in Industrijska 2, Loče pri Poljčanah |
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Main activity: Manufacture of other parts and accessories for motor vehicles (NACE 2) |
(29.32) |
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Export: Austria Germany Slovakia France Switzerland Spain Czech Republic USA Portugal Romania Belgium Brasil |
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Import: Austria Germany |
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Residence address: Stranice 55, 3206 Stranice Phone: 03 757 21 00 Telefax: 03 757 21 05 E-Mail: info@marovt.com Web: www.marovt.com |
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Other
activities
|
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|
Employees |
2008 |
102 employees |
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|
|
2009 |
98 employees |
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2010 |
110 employees |
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|
2011 |
129 employees |
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2012 |
136 employees |
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|
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2013 |
122 employees |
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|
|
2014 |
147 employees |
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|
Annual turnover |
2008 |
Enterprise turnover |
EUR |
5.229.257,- |
|
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|
|
2009 |
Enterprise turnover |
EUR |
4.649.380,- |
|
|||||
|
|
2010 |
Enterprise turnover |
EUR |
6.912.779,- |
|
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|
|
2011 |
Enterprise turnover |
EUR |
7.915.652,- |
|
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|
|
2012 |
Enterprise turnover |
EUR |
7.972.204,- |
|
|||||
|
|
2013 |
Enterprise turnover |
EUR |
8.745.452,- |
|
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|
Property |
Company's property: Business premises SI-Stranice, Stranice 55 Company's property: Business premises SI-Poljčane, Industrijska 2 Company's property: Land per 31.12.2013 SI-Stranice Book value: 288.843,- EUR (Official source) Company's property: Buildings per 31.12.2013 SI-Stranice Book value: 1.747.965,- EUR (Official source) |
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|
Remarks |
full name of the company: MAROVT proizvodno izvozno uvozno podjetje, d.o.o. |
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|
Interests |
MAROVT d.o.o. (Statistical number: 5629977): |
|||||||||
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|
AVTOMOBILSKE KOMPONENTE d.o.o. |
Owner |
100% |
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|
|
Metka Marovt: |
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|
AVTOMOBILSKE KOMPONENTE d.o.o. (Statistical number: 1957139) |
Owner |
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AVTOMOBILSKE KOMPONENTE d.o.o. (Statistical number: 1957139) |
Manager |
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Bank relations |
SKB BANKA d.d. LJUBLJANA: Central address: SI Ajdovščina 4, 1513 Ljubljana Account number: 031181000516873 BANKA CELJE d.d.: Central address: SI Vodnikova 2, 3000 Celje Account number: 060000097139106 HYPO ALPE-ADRIA-BANK d.d.: Central address: SI Dunajska cesta 117, 1000 Ljubljana Account number: 330005946980363 BANKA SPARKASSE d.d.: Central address: SI Cesta v Kleče 15, 1000 Ljubljana Account number: SI56 3400 0101 5525 083 |
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|
Company development |
Positive |
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Business course |
satisfactory |
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Terms of payment |
No complaints, but occasional delays |
|
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Business connection |
Business connection appear premissable |
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|
A. The enclosed balance of 2013 is the company's own report, 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) |
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|
BALANCE |
A 31.12.2013 |
B 31.12.2012 |
C 31.12.2011 |
D 31.12.2010 |
|
ASSETS (AKTIVA) |
6.371.684 |
6.043.962 |
5.155.193 |
5.618.922 |
|
LONG-TERM ASSETS |
4.192.586 |
4.169.911 |
3.421.145 |
3.827.054 |
|
Intangible assets and long-term deferred costs and accrued revenues |
51.411 |
13.645 |
549 |
615 |
|
Intangible assets |
51.411 |
13.645 |
549 |
615 |
|
Long-term deferred costs and accrued revenues |
|
0 |
0 |
0 |
|
Tangible fixed assets |
4.126.383 |
4.142.155 |
3.410.020 |
3.826.439 |
|
Long-term financial investments and Real estate investments |
|
14.111 |
10.576 |
0 |
|
Investment property |
0 |
0 |
0 |
0 |
|
Long-term financial investments |
14.792 |
14.111 |
10.576 |
0 |
|
Long-term operating receivables |
0 |
0 |
0 |
0 |
|
Deferred receivables for taxes |
0 |
0 |
0 |
0 |
|
SHORT-TERM ASSETS |
2.174.721 |
1.849.613 |
1.725.600 |
1.774.709 |
|
Assets (group for estrange) for sell |
0 |
0 |
0 |
0 |
|
Inventories |
511.355 |
387.797 |
361.594 |
419.282 |
|
Short-term financial investments |
0 |
0 |
0 |
400 |
|
Short-term operating receivables |
1.241.908 |
1.224.995 |
1.281.099 |
1.207.680 |
|
Cash assets |
421.458 |
236.821 |
82.907 |
147.347 |
|
Short-term deferred costs and accrued revenues |
4.377 |
24.438 |
8.448 |
17.159 |
|
Off-balance sheet items |
3.943.364 |
3.943.364 |
2.500.000 |
0 |
|
LIABILITIES |
6.371.684 |
6.043.962 |
5.155.193 |
5.618.922 |
|
CAPITAL |
2.476.138 |
1.882.978 |
1.433.039 |
1.119.760 |
|
Called-up capital |
587.940 |
587.940 |
587.940 |
587.940 |
|
Basic (subscribed) capital |
587.940 |
587.940 |
587.940 |
587.940 |
|
Non called-up capital (deductive item) |
0 |
0 |
0 |
0 |
|
Capital reserves |
19.945 |
19.945 |
19.945 |
19.945 |
|
Reserves from profit |
58.794 |
58.794 |
58.794 |
58.794 |
|
Surplus from revaluation |
0 |
0 |
0 |
0 |
|
Retained net |
1.024.299 |
586.361 |
295.581 |
261.658 |
|
Net business result for the business year |
785.160 |
629.938 |
470.779 |
191.423 |
|
PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES |
0 |
0 |
0 |
36.139 |
|
FINANCIAL AND BUSINESS LIABILITIES |
|
4.149.879 |
3.714.124 |
4.459.025 |
|
LONG-TERM LIABILITIES |
2.041.463 |
2.228.769 |
1.856.858 |
2.196.397 |
|
Long-term financial liabilities |
2.041.463 |
2.228.769 |
1.856.858 |
2.196.397 |
|
Long-term operating liabilities |
0 |
0 |
0 |
0 |
|
Deferred liabilities for taxes |
0 |
0 |
0 |
0 |
|
SHORT-TERM LIABILITIES |
1.849.357 |
1.921.110 |
1.857.266 |
2.262.628 |
|
Liabilities, included in groups for estrange |
0 |
0 |
0 |
0 |
|
Short-term financial liabilities |
795.382 |
715.085 |
726.511 |
959.205 |
|
Short-term operating liabilities |
1.053.975 |
1.206.025 |
1.130.755 |
1.303.423 |
|
SHORT-TERM ACCRUED COSTS AND DEFERRED REVENUES |
4.726 |
11.105 |
8.030 |
3.998 |
|
Off-balance sheet items |
3.943.364 |
3.943.364 |
2.500.000 |
0 |
|
A. The enclosed profit and loss account of 2013 is the company's own report, it is not authenticated by the auditor. (31.12.2013 - 1 EUR) B. The enclosed profit and loss account of 2012 is the company's own report, 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) |
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|
PROFIT AND LOSS
ACCOUNT |
A 31.12.2013 |
B 31.12.2012 |
C 31.12.2011 |
D 31.12.2010 |
|||||
|
Net sales |
8.661.368 |
7.892.097 |
7.787.400 |
6.732.294 |
|||||
|
Changes in the value of inventories of products and work-in-process |
|
-5.999 |
-14.809 |
|
|||||
|
Capitalised own products and own services |
594 |
0 |
0 |
|
|||||
|
Other operating revenues (with subventions, grants,...) |
68.725 |
61.030 |
93.185 |
|
|||||
|
GROSS OPERATING YIELD |
8.730.687 |
7.947.128 |
7.865.776 |
|
|||||
|
Cost of goods, material and services |
4.201.959 |
3.777.991 |
3.898.827 |
|
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|
Purchase value of goods and materials sold and cost of material and cost of material used |
3.056.199 |
2.732.571 |
2.794.399 |
|
|||||
|
Cost of services |
1.145.760 |
1.045.420 |
1.104.428 |
|
|||||
|
Labour cost |
2.841.508 |
2.676.315 |
2.503.379 |
|
|||||
|
Cost of wages |
1.932.421 |
2.015.534 |
1.880.622 |
|
|||||
|
Cost of pension insurance |
189.754 |
181.195 |
168.931 |
|
|||||
|
Cost of other social insurance |
343.669 |
144.693 |
135.538 |
|
|||||
|
Other labour cost |
375.664 |
334.893 |
318.288 |
|
|||||
|
Write-offs |
645.256 |
625.542 |
740.025 |
|
|||||
|
Depreciation |
640.618 |
618.521 |
660.958 |
|
|||||
|
Revaluation operating expenses for non-tangible assets and tangible fixed assets |
0 |
0 |
79.067 |
|
|||||
|
Revaluation operating expenses for current assets |
4.638 |
7.021 |
0 |
|
|||||
|
Other operating expenses |
55.888 |
37.666 |
32.419 |
|
|||||
|
OPERATING REVENUES |
|
7.953.127 |
7.880.585 |
|
|||||
|
OPERATING EXPENSES |
|
7.117.514 |
7.174.650 |
|
|||||
|
OPERATING RESULT |
|
835.613 |
705.935 |
|
|||||
|
EBIT |
986.076 |
829.614 |
691.126 |
460.363 |
|||||
|
Financial income from investments in other enterprises |
0 |
0 |
0 |
0 |
|||||
|
Financial income from loans |
1.622 |
1.273 |
721 |
520 |
|||||
|
Financial income from operating receivables |
13.122 |
23.566 |
49.155 |
89.111 |
|||||
|
Financial expenses from depreciation and write-offs of financial investments |
0 |
0 |
0 |
0 |
|||||
|
Financial expenses from financial liabilities |
111.467 |
134.149 |
173.343 |
309.551 |
|||||
|
Financial expenses from operating liabilities |
46 |
369 |
683 |
276 |
|||||
|
Financial income |
14.744 |
24.839 |
49.876 |
89.631 |
|||||
|
Financial expenses |
111.513 |
134.518 |
174.026 |
309.827 |
|||||
|
Other revenues |
21 |
237 |
0 |
1.542 |
|||||
|
Other expenses |
32.926 |
19.476 |
21.281 |
7.156 |
|||||
|
Total revenues |
|
7.972.204 |
7.915.652 |
6.912.779 |
|||||
|
Total costs |
|
7.271.508 |
7.369.957 |
6.678.226 |
|||||
|
Total business result |
856.402 |
700.696 |
545.695 |
234.553 |
|||||
|
Tax on profit |
71.242 |
70.758 |
74.916 |
43.130 |
|||||
|
Deferred taxs |
0 |
0 |
0 |
0 |
|||||
|
Net business result for the accounting period |
785.160 |
629.938 |
470.779 |
191.423 |
|||||
|
|
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Ratios
|
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|
|
|
2010 |
2011 |
2012 |
2013 |
||||
|
|
Equity ratio |
0,1 |
0,11 |
0,1 |
0,09 |
||||
|
|
Cleared equity ratio |
0,1 |
0,11 |
0,1 |
0,09 |
||||
|
|
Current liquidity |
0,78 |
0,93 |
0,96 |
1,18 |
||||
|
|
Quick liquidity |
0,6 |
0,73 |
0,76 |
0,9 |
||||
|
|
Working capital |
-487919 |
-131666 |
-71497 |
325364 |
||||
|
|
Gearing |
9,56 |
8,77 |
10,28 |
10,84 |
||||
|
|
Cleared gearing |
5,37 |
4,39 |
5,01 |
4,83 |
||||
|
|
Profitability |
3,39 |
6,89 |
8,79 |
n/a |
||||
|
|
Operating profitability |
2,77 |
5,95 |
7,9 |
n/a |
||||
|
|
Stock days |
22,14 |
16,67 |
17,75 |
n/a |
||||
|
|
Debtor days |
63,77 |
59,07 |
56,09 |
n/a |
||||
|
|
Supplier days |
68,82 |
52,14 |
55,22 |
n/a |
||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
|
1 |
Rs.99.32 |
|
Euro |
1 |
Rs.78.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.