|
Report No. : |
335836 |
|
Report Date : |
12.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
LP KOMFORT S.R.O. |
|
|
|
|
Registered Office : |
Lazarská 5, čp. 1719, 110 00 Praha 1 |
|
|
|
|
Country : |
Czech Republic |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
23.10.1997 |
|
|
|
|
Com. Reg. No.: |
C 55269 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale and retail sale of clothing for
leisure and outdoor activities of the trademark |
|
|
|
|
No. of Employee : |
73 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 and 2013, however, the economy fell into a recession again, due both to a slump in external demand in the EU and to the government’s austerity measures, returning to weak growth in 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 |
Company
name
|
|
Legal form |
Private limited company |
|
|
Foundation |
23/10/1997 - Private limited
company |
|
Comp. Register |
23/10/1997, Městský soud v
Praze, RegNr.: C 55269 |
Share
Capital
|
|
|
23/10/1997 |
CZK |
100 000,- |
|
|
24/06/2003 |
CZK |
1 600 000,- |
|
|
28/10/2004 |
CZK |
5 000 000,- |
|
|
29/03/2005 |
CZK |
8 000 000,- |
|
|
|
|
|
|
Shareholders
Bushman Company a.s. (Statistical
number: 26052679) |
CZK |
8 000 000,- |
|
Management
Jindřich Melichar (20.11.1967) |
|||
General
Data
Wholesale and retail sale of
clothing for leisure and outdoor activities of the trademark |
||
|
Main activity: |
|
|
|
Trade name(s) |
|
|
|
Export: |
||
|
General contacts: |
|
Address:
|
|
Hlavatého čp. 618, 149 00 Praha 4 |
business
locations:
Městečko 75, 257 22 Čerčany
|
Okrajová 35, Praha 9 |
|
2008 |
67 employees |
|
|
2010 |
65 employees |
|
|
2012 |
72 employees |
|
|
2014 |
73 employees |
|||||
|
|
|
|
|||||
Annual
Sales
|
|||||||
|
2005 |
actual sales |
CZK |
157 301 000,- |
|
|||
|
|
2006 |
actual sales |
CZK |
91 794 000,- |
|
|
|
2007 |
actual sales |
CZK |
105 210 000,- |
|
|
|
2008 |
actual sales |
CZK |
140 744 000,- |
|
|
|
2009 |
actual sales |
CZK |
158 371 000,- |
|
|
|
2010 |
actual sales |
CZK |
161 607 000,- |
|
|
|
2011 |
actual sales |
CZK |
169 925 000,- |
|
|
|
2012 |
actual sales |
CZK |
194 548 000,- |
|
|
|
2013 |
actual sales |
CZK |
177 232 000,- |
|
|
|
The company is not registered in
the Central register of executions. |
|
Property |
none |
|
|
Property at the registered office of
the company is owned by the company Bushman Company a.s. |
Balance
sheets
|
|
|
Remarks |
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. |
|
|
The company accounts for the
business year to 30.9. |
|
Bankers
Česká spořitelna, a.
s. |
||
|
Copyright: Creditreform s.r.o.
Praha |
This information is addressed
exclusively to the addressee. Contractor obligates to provide updated information.
Although 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 |
30.09.2010 (CZK) |
30.09.2011 (CZK) |
30.09.2012 (CZK) |
30.09.2013 (CZK) |
|
r1 |
TOTAL ASSETS |
95 916 000 |
85 018 000 |
107 956 000 |
131 514 000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed assets |
2 898 000 |
3 790 000 |
5 795 000 |
3 192 000 |
|
r4 |
Intangible fixed assets |
0 |
86 000 |
198 000 |
106 000 |
|
r7 |
Software |
|
86 000 |
198 000 |
106 000 |
|
r13 |
Tangible fixed assets |
2 898 000 |
3 704 000 |
5 597 000 |
3 086 000 |
|
r14 |
Lands |
0 |
0 |
0 |
0 |
|
r15 |
Constructions |
0 |
0 |
145 000 |
135 000 |
|
r16 |
Equipment |
2 623 000 |
3 704 000 |
5 452 000 |
2 951 000 |
|
r20 |
Tangible fixed assets under
construction |
275 000 |
|
|
|
|
r23 |
Long-term financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current assets |
91 865 000 |
82 302 000 |
101 772 000 |
127 939 000 |
|
r32 |
Inventory |
33 211 000 |
38 428 000 |
47 642 000 |
62 435 000 |
|
r33 |
Materials |
915 000 |
|
18 000 |
34 000 |
|
r37 |
Merchandise |
32 296 000 |
38 428 000 |
47 624 000 |
62 401 000 |
|
r39 |
Long-term receivables |
4 225 000 |
5 191 000 |
4 856 000 |
13 139 000 |
|
r40 |
Trade receivables |
4 140 000 |
4 767 000 |
4 771 000 |
4 533 000 |
|
r43 |
Receivables from partners,
cooperative members and association members |
|
|
|
8 521 000 |
|
r44 |
Long-term deposits given |
85 000 |
85 000 |
85 000 |
85 000 |
|
r47 |
Deferred tax receivable |
|
339 000 |
|
|
|
r48 |
Short-term receivables |
71 453 000 |
80 996 000 |
104 693 000 |
85 438 000 |
|
r49 |
Trade receivables |
56 004 000 |
61 231 000 |
80 137 000 |
75 284 000 |
|
r52 |
Receivables from partners,
cooperative members and association members |
8 319 000 |
10 359 000 |
10 820 000 |
|
|
r54 |
Due from state - tax receivable |
|
|
858 000 |
476 000 |
|
r55 |
Short-term deposits given |
5 475 000 |
8 507 000 |
6 641 000 |
4 812 000 |
|
r56 |
Estimated receivable |
1 550 000 |
831 000 |
5 707 000 |
4 800 000 |
|
r57 |
Other receivables |
105 000 |
68 000 |
530 000 |
66 000 |
|
r58 |
Short-term financial assets |
-17 024 000 |
-42 313 000 |
-55 419 000 |
-33 073 000 |
|
r59 |
Cash |
415 000 |
651 000 |
729 000 |
326 000 |
|
r60 |
Bank accounts |
-17 439 000 |
-42 964 000 |
-56 148 000 |
-33 399 000 |
|
r63 |
Accruals |
1 153 000 |
-1 074 000 |
389 000 |
383 000 |
|
r64 |
Deferred expenses |
1 153 000 |
1 140 000 |
592 000 |
467 000 |
|
r66 |
Deferred income |
|
-2 214 000 |
-203 000 |
-84 000 |
|
r67 |
TOTAL LIABILITIES |
95 916 000 |
85 018 000 |
107 956 000 |
131 514 000 |
|
r68 |
Equity |
24 680 000 |
27 398 000 |
31 782 000 |
34 837 000 |
|
r69 |
Registered capital |
8 000 000 |
8 000 000 |
8 000 000 |
8 000 000 |
|
r70 |
Registered capital |
8 000 000 |
8 000 000 |
8 000 000 |
8 000 000 |
|
r73 |
Capital funds |
0 |
0 |
0 |
0 |
|
r78 |
Reserve funds, statutory reserve account
for cooperatives, and other retained earnings |
800 000 |
800 000 |
800 000 |
800 000 |
|
r79 |
Legal reserve fund / indivisible
fund |
800 000 |
800 000 |
800 000 |
800 000 |
|
r81 |
Profit / loss - previous years |
10 957 000 |
12 399 000 |
18 599 000 |
22 982 000 |
|
r82 |
Retained earnings from previous
years |
10 957 000 |
12 399 000 |
18 599 000 |
22 982 000 |
|
r84 |
Profit / loss - current year (+/-) |
4 923 000 |
6 199 000 |
4 383 000 |
3 055 000 |
|
r85 |
Liabilities |
71 031 000 |
55 350 000 |
75 016 000 |
91 756 000 |
|
r86 |
Reserves |
0 |
0 |
0 |
0 |
|
r91 |
Long-term payables |
0 |
0 |
0 |
0 |
|
r102 |
Short-term payables |
30 231 000 |
18 759 000 |
36 989 000 |
25 205 000 |
|
r103 |
Trade payables |
8 413 000 |
7 551 000 |
18 132 000 |
16 510 000 |
|
r107 |
Payroll |
1 300 000 |
1 544 000 |
1 712 000 |
2 355 000 |
|
r108 |
Payables to social securities and
health insurance |
724 000 |
867 000 |
922 000 |
373 000 |
|
r109 |
Due from state - tax liabilities
and subsidies |
3 965 000 |
3 602 000 |
3 839 000 |
1 863 000 |
|
r110 |
Short-term deposits received |
6 566 000 |
20 000 |
5 386 000 |
2 594 000 |
|
r112 |
Estimated payables |
8 819 000 |
4 837 000 |
6 256 000 |
114 000 |
|
r113 |
Other payables |
444 000 |
338 000 |
742 000 |
1 396 000 |
|
r114 |
Bank loans and financial
accommodations |
40 800 000 |
36 591 000 |
38 027 000 |
66 551 000 |
|
r115 |
Long-term bank loans |
35 000 000 |
1 591 000 |
3 027 000 |
36 551 000 |
|
r116 |
Short-term bank loans |
5 800 000 |
35 000 000 |
35 000 000 |
30 000 000 |
|
r117 |
Short-term accommodations |
0 |
0 |
0 |
0 |
|
r118 |
Accruals |
205 000 |
2 270 000 |
1 158 000 |
4 921 000 |
|
r119 |
Accrued expenses |
205 000 |
2 270 000 |
1 136 000 |
4 894 000 |
|
r120 |
Deferred revenues |
|
|
22 000 |
27 000 |
|
|
profit/loss account |
30.09.2010 (CZK) |
30.09.2011 (CZK) |
30.09.2012 (CZK) |
30.09.2013 (CZK) |
|
a1 |
Turnover |
161 607 000 |
169 925 000 |
194 548 000 |
177 232 000 |
|
a2 |
Revenues from sold goods |
157 437 000 |
167 922 000 |
189 769 000 |
170 035 000 |
|
a3 |
Expenses on sold goods |
84 590 000 |
81 758 000 |
102 644 000 |
99 761 000 |
|
a4 |
Sale margin |
72 847 000 |
86 164 000 |
87 125 000 |
70 274 000 |
|
a5 |
Production |
4 179 000 |
2 003 000 |
4 779 000 |
7 205 000 |
|
a6 |
Revenues from own products and
services |
4 170 000 |
2 003 000 |
4 779 000 |
7 197 000 |
|
a8 |
Capitalization |
9 000 |
|
|
8 000 |
|
a9 |
Production consumption |
38 716 000 |
43 109 000 |
48 299 000 |
39 435 000 |
|
a10 |
Consumption of material and energy |
4 728 000 |
5 937 000 |
6 324 000 |
4 915 000 |
|
a11 |
Services |
33 988 000 |
37 172 000 |
41 975 000 |
34 520 000 |
|
a12 |
Added value |
38 310 000 |
45 058 000 |
43 605 000 |
38 044 000 |
|
a13 |
Personnel expenses |
28 098 000 |
30 229 000 |
35 000 000 |
31 822 000 |
|
a14 |
Wages and salaries |
21 092 000 |
22 769 000 |
26 422 000 |
24 136 000 |
|
a16 |
Social security expenses and
health insurance |
6 934 000 |
7 403 000 |
8 514 000 |
7 616 000 |
|
a17 |
Other social expenses |
72 000 |
57 000 |
64 000 |
70 000 |
|
a18 |
Taxes and fees |
75 000 |
98 000 |
96 000 |
77 000 |
|
a19 |
Depreciations of intangible and
tangible assets |
1 455 000 |
1 827 000 |
2 633 000 |
2 606 000 |
|
a20 |
Revenues from disposals of fixed
assets and materials |
869 000 |
1 180 000 |
1 110 000 |
602 000 |
|
a21 |
Revenues from disposals of fixed
assets |
281 000 |
490 000 |
664 000 |
214 000 |
|
a22 |
Revenues from disposals of
materials |
588 000 |
690 000 |
446 000 |
388 000 |
|
a23 |
Net book value of disposed fixed
assets and materials |
433 000 |
569 000 |
218 000 |
214 000 |
|
a24 |
Net book value of sold fixed
assets |
24 000 |
11 000 |
|
|
|
a25 |
Net book value of sold material |
409 000 |
558 000 |
218 000 |
214 000 |
|
a26 |
Change in operating reserves and
adjustments and complex deferred costs ( + / - ) |
1 076 000 |
759 000 |
-2 269 000 |
145 000 |
|
a27 |
Other operating revenues |
3 390 000 |
1 734 000 |
6 611 000 |
10 832 000 |
|
a28 |
Other operating expenses |
2 091 000 |
2 957 000 |
9 548 000 |
10 459 000 |
|
a31 |
Operating profit / loss |
9 341 000 |
11 533 000 |
6 100 000 |
4 155 000 |
|
a34 |
Revenues from long-term financial
assets |
|
0 |
|
|
|
a43 |
Interest revenues |
219 000 |
435 000 |
458 000 |
502 000 |
|
a44 |
Interest expenses |
2 013 000 |
2 577 000 |
3 493 000 |
3 599 000 |
|
a45 |
Other financial revenues |
1 286 000 |
1 457 000 |
4 818 000 |
5 207 000 |
|
a46 |
Other financial expenses |
2 211 000 |
3 126 000 |
2 426 000 |
2 363 000 |
|
a49 |
Profit / loss from financial
operations ( transactions ) |
-2 719 000 |
-3 811 000 |
-643 000 |
-253 000 |
|
a50 |
Income tax on ordinary income |
1 699 000 |
1 523 000 |
1 208 000 |
847 000 |
|
a51 |
Due tax |
1 590 000 |
1 862 000 |
869 000 |
847 000 |
|
a52 |
Tax deferred |
109 000 |
-339 000 |
339 000 |
|
|
a53 |
Operating profit / loss ordinary
activity |
4 923 000 |
6 199 000 |
4 249 000 |
3 055 000 |
|
a54 |
Extraordinary revenues |
|
|
424 000 |
|
|
a55 |
Extraordinary expenses |
|
|
290 000 |
|
|
a56 |
Income tax on extraordinary income |
|
|
|
0 |
|
a59 |
Operating profit / loss
extraordinary activity |
0 |
|
134 000 |
0 |
|
a61 |
Profit / loss of current
accounting period (+/-) |
4 923 000 |
6 199 000 |
4 383 000 |
3 055 000 |
|
a62 |
Profit / loss before tax (+/-) |
6 622 000 |
7 722 000 |
5 591 000 |
3 902 000 |
|
Operating cash flow |
|
19 732 000 |
-9 132 000 |
22 136 000 |
|
|
Investment cash flow |
|
8 974 000 |
-3 974 000 |
210 000 |
|
|
Financial cash flow |
|
3 920 000 |
0 |
0 |
|
|
Receivables more than 180 days
after due date |
|
|
|
1 014 000 |
|
|
Liabilities more than 180 days
after due date |
1 560 000 |
454 000 |
1 061 000 |
890 000 |
|
Balance indices |
|
30.09.2010 |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
6,90 |
9,08 |
5,18 |
2,97 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
26,83 |
28,18 |
17,59 |
11,20 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
4,10 |
4,54 |
2,87 |
2,20 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
126,49 |
131,52 |
150,35 |
155,04 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
19,00 |
16,22 |
34,02 |
34,00 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
75,01 |
82,54 |
89,38 |
128,58 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
55 834,00 |
28 543,00 |
29 783,00 |
72 734,00 |
|
Ratio of accounts payable to
accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
250,33 |
459,44 |
296,17 |
391,10 |
|
Ratio of profit/loss to tangible
assets (in%) |
r3 / a1 * 100 |
1,79 |
2,23 |
2,98 |
1,80 |
|
Current ratio |
r31 / (r102+r116+r117) |
2,55 |
1,53 |
1,41 |
2,32 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
1,51 |
0,72 |
0,68 |
0,95 |
|
Cash ratio |
r58 / (r102+r116+r117) |
-0,47 |
-0,79 |
-0,77 |
-0,60 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
74,27 |
67,77 |
70,56 |
73,51 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
74,06 |
65,10 |
69,49 |
69,77 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.17 |
|
|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.