|
Report No. : |
337720 |
|
Report Date : |
24.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
LITOSTROJ POWER D.O.O |
|
|
|
|
Registered Office : |
Litostrojska cesta 50, 1000
Ljubljana |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
19.01.2006 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is manufacture of engines
and turbines, except aircraft, vehicle and cycle engines. |
|
|
|
|
No. of Employee : |
425 |
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) |
|
Slovenia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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, despite having suffered a protracted recession in 2008-2009 in the wake of the global financial crisis. 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. Export-led growth fueled by demand in larger European markets pushed GDP growth to 2.6% in 2014, while stubbornly-high unemployment fell slightly to 13%. PM CERAR’s government took office in September 2014, pledging to press ahead with commitments to privatize a select group of state-run companies, rationalize public spending, and further stabilize the banking sector.
|
Source
: CIA |
LITOSTROJ POWER D.O.O
|
LITOSTROJ POWER d.o.o. |
Phone |
01 5824111 |
|
Litostrojska cesta 50 |
Telefax |
01 5824171 |
|
1000 Ljubljana |
E-Mail |
info@litostrojpower.eu |
|
Slovenia |
Web |
www.litostrojpower.eu |
|
Business connection |
Business connection appear
premissable |
(31) |
|
Terms of payment |
Mostly within agrees terms, but
partly also delayed |
(32) |
Legal form
d.o.o. - Limited liability company
(Ltd.)
Founded
19/01/2006 as d.o.o. - Limited
liability company (Ltd.)
19/01/2006, Ljubljana, 14349800
Statistical Nr.: 2172836
Tax Nr.: SI40312623
|
Crefo Nr. |
Name / Address / Status |
From |
Share |
Owner
|
9270159832 |
CELVETI ESTATES S.R.O. |
26.148.183,01 EUR |
|
|
AM ˇESTÍ MÍRU 62/39, 568 02
SVITAVY Czech |
|
|
Republic |
|
|
|
Total capital |
|
26.148.183,01 EUR |
Registered
capital
|
|||
|
Date |
Currency |
Value |
|
|
|
EUR |
|
26.148.183,01 |
on
13.11.2007 capital increase
for EUR 8.433.000,00
on
3.9.2009 capital increase
for EUR 17.673.453,75
|
Crefo Nr. |
Name / Address / Status |
|
Since |
Power of attorney |
|
Manager |
|
|
|
|
|
9270159836 |
Director |
|
|
|
|
|
Emil ˇZi žka |
|
|
|
|
|
NA
ZA´HONECH 494, 679 32 SVITA´ VKA Czech |
|
|
|
|
|
Republic |
|
|
|
|
|
|
|
|
|
|
9270159834 |
Director |
|
|
|
|
|
Iztok Jelen Zgornje Pirni če 11C, 1215
Medvode Slovenia |
|
|
|
|
|
|
|
|
|
|
9270158067 |
Director |
|
|
|
|
|
Marko Tandler Spodnji Tu štanj 28a, 1251 Morav
če Slovenia |
|
|
|
|
Valid from |
Residence address Litostrojska cesta 50, 1000 Ljubljana,
Slovenia Phone: 01 582 41 11 Telefax: 01 582 41 71 E-Mail: info@litostrojpower.eu
Web: www.litostrojpower.eu |
Valid until |
|
Crefo Nr. |
Name / Address / Status |
Valid from |
Share |
|
Owner |
|
|
|
|
9270004030 |
LITOSTROJ E.I. d.o.o. |
|
19.566.759 EUR |
|
|
Statistical Nr.: 1124609 |
|
|
|
|
Litostrojska cesta 50, 1000
Ljubljana Slovenia |
|
|
|
Main activity |
Nace |
|
Manufacture of engines and turbines,
except aircraft, vehicle and cycle engines |
28.11 |
|
Additional activities |
Nace |
|
Other engineering activities and
related technical consultancy |
71.129 |
COMPANY ACTIVITY
manufacture of
engines and turbines,
except aircraft, vehicle and \
cycle engines
headquarters and
business premises are
located on the
address above
Turnover and Employees
|
Date |
Turnover |
Employees |
|
2008 |
43.697.993 EUR |
205 |
|
2009 |
54.898.663 EUR |
468 |
|
2010 |
50.850.300 EUR |
468 |
|
2011 |
44.051.123 EUR |
435 |
|
2012 |
46.167.112 EUR |
449 |
|
2013 |
35.856.067 EUR |
454 |
|
2014 |
41.322.684 EUR |
425 |
group Litostroj
power 2013 - 608 employees
group Litostroj
power 2012 - 608 employees
group Litostroj
power 2011 -
592 employees
group Litostroj
power
annual turnover 2013 EUR
47.996.871,-
net
loss 2013 EUR
-5.035.976,-
annual turnover
2012 EUR 62.412.063,-
profit 2012
EUR 1.453.208,-
annual turnover
2011 EUR 56.800.986,-
profit 2011
EUR 3.451.917,-
annual turnover
2010 EUR 73.665.315,-
profit 2010
EUR 4.821.769,-
|
|
Import |
Export |
|
Percentage |
Unknown |
Unknown |
|
Countries |
Canada, European Union, India |
European Union, Croatia, Serbia, |
|
|
|
Bosnia-Hercegovina, Macedonia |
Properties
|
|
|
|
|
|
Name |
Detail |
Currency |
Value |
|
|
Business |
Company’s property |
|
|
Unknown |
|
premises |
Litostrojska cesta 50, Ljubljana
, Slovenia |
|
|
|
|
Land and build- |
Company’s property |
EUR |
9.260.924 |
|
|
ings |
, Ljubljana 1000, Slovenia per 31.12.2014 |
|
|
|
Remarks
company name:
LITOSTROJ POWER, dru žba za
projektiranje, gradnjo elektrarn in
izdelavo energetske ter
industrijske opreme, d.o.o.
participation in capital:
Litostoj Hydro d.o.o. Canada (100%
share)
CBE-CKD Blansko Engineering d.d.
Czech Republic (100% share)
Litostroj BH d.o.o. BiH(100% share)
(stand per 31.12.2013)
Accounts in foreign banks:
MK 07 210701000972236, BIC:
TUTNMK22XXX, NLB TUTUNSKA BANKA AD, MAcedonia
NO3515034623535, BIC: DNBANOKKXXX,
DNB BANK ASA, Norway
NO1315034623543, BIC: DNBANOKKXXX,
DNB BANK ASA, Norway
HR8123600001501157332, BIC:
ZABAHR2XXXX, ZAGREBACKA BANKA DD, Croatia HR2123600001102298486, BIC:
ZABAHR2XXXX, ZAGREBACKA BANKA DD, Croatia
|
Code |
Bank name / Address |
Account Nr. |
|
|
122 |
ABANKA VIPA d.d. |
05100-8012128969 |
|
|
|
Slovenska cesta 58, 1517 Ljubljana
, 1517, |
|
|
|
110 |
GORENJSKA BANKA d.d. |
SI56 070000001840277 |
|
|
|
Bleiweisova cesta 1, 4000 Kranj ,
4000, |
|
|
|
100 |
NOVA LJUBLJANSKA BANKA d.d.,
LJUBLJANA |
02922-0257642956 |
|
|
|
Trg republike 2, 1520 Ljubljana ,
1250, |
|
|
|
124 |
RAIFFEISEN BANKA d.d. |
SI56 2420 3901 0514 |
|
|
|
Slovenska ulica 17, 2000 Maribor
, 2000, |
761 |
|
|
104 |
SKB BANKA d.d. LJUBLJANA |
03100-1002230484 |
|
|
|
Ajdov š čina 4, 1513
Ljubljana , 1513, |
|
|
|
134 |
UNICREDIT BANKA SLOVENIJA d.d. |
29000-0055557965 |
|
|
|
Smartinska 140, 1000 Ljubljana ,
1000, |
|
|
Main
indices
|
|
|
|
Payment experience and credit
opinion |
|
|
|
Terms of payment |
Slow but correct |
(32) |
|
Business connection |
Business connection appear
premissable |
(31) |
|
|
|
|
|
Business development |
|
|
|
Company development |
Stagnat |
(40) |
|
Business course |
satisfactory |
(30) |
No negative events registered.
31.12.2014 The enclosed balance of
2014 is originated from official source, it is not authenticated by the
auditor.
31.12.2013 The enclosed balance of
2013 is originated from official source, it is not authenticated by the
auditor.
31.12.2012 The enclosed balance of
2012 is originated from official source, it is not authenticated by the
auditor.
31.12.2011 The enclosed balance of
2011 is originated from official source, it is authenticated by the auditor .
|
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
1 |
1 |
1 |
1 |
|
Name |
Ref. |
|
|
|
|
|
|
|
EUR |
EUR |
EUR |
EUR |
|
|
|
balance |
balance |
balance |
balance |
|
ASSETS (AKTIVA) |
|
52.233.102 |
63.297.256 |
68.520.271 |
74.273.050 |
|
LONG-TERM ASSETS |
|
19.647.673 |
20.193.509 |
23.644.809 |
23.870.275 |
|
Intangible assets
and long-term deferred
costs |
|
2.640.864 |
2.051.739 |
1.636.022 |
1.308.526 |
|
and accrued revenues |
|
|
|
|
|
|
Intangible assets |
|
2.640.864 |
2.051.739 |
1.636.022 |
1.308.526 |
|
Long-term deferred costs and
accrued revenues |
|
0 |
0 |
0 |
0 |
|
Tangible fixed assets |
|
13.859.655 |
14.757.057 |
16.239.715 |
17.213.536 |
|
Long-term financial investments
and Real estate |
|
2.506.178 |
2.506.178 |
4.506.178 |
4.719.827 |
|
investments |
|
|
|
|
|
|
Investment property |
|
0 |
0 |
0 |
0 |
|
Long-term financial investments |
|
2.506.178 |
2.506.178 |
4.506.178 |
4.719.827 |
|
Long-term operating receivables |
|
311.621 |
545.327 |
986.227 |
202.587 |
|
Deferred receivables for taxes |
|
329.355 |
333.208 |
276.667 |
425.799 |
|
SHORT-TERM ASSETS |
|
28.405.392 |
41.037.702 |
40.748.368 |
48.541.275 |
|
Assets (group for estrange) for
sell |
|
0 |
0 |
0 |
0 |
|
Inventories |
|
11.808.299 |
20.512.631 |
18.462.682 |
15.333.121 |
|
Short-term financial investments |
|
0 |
2.000.000 |
213.650 |
6.929.819 |
|
Short-term operating receivables |
|
158.899.098 |
15.054.279 |
20.650.662 |
23.811.866 |
|
Cash assets |
|
707.184 |
3.470.792 |
1.421.374 |
2.466.469 |
|
Short-term deferred
costs and accrued
rev- |
|
4.180.037 |
2.066.045 |
4.127.094 |
1.861.500 |
|
enues |
|
|
|
|
|
|
Off-balance sheet items |
|
58.444.884 |
78.389.056 |
53.310.806 |
54.591.276 |
|
LIABILITIES |
|
52.233.102 |
63.297.256 |
68.520.271 |
74.273.050 |
|
CAPITAL |
|
24.979.667 |
28.384.573 |
33.571.526 |
32.249.187 |
|
Called-up capital |
|
26.148.183 |
26.148.183 |
26.148.183 |
26.148.183 |
|
Basic (subscribed) capital |
|
26.148.183 |
26.148.183 |
26.148.183 |
26.148.183 |
|
Non called-up capital (deductive
item) |
|
0 |
0 |
0 |
0 |
|
Capital reserves |
|
0 |
0 |
0 |
0 |
|
Reserves from profit |
|
91.768 |
5.059.433 |
5.059.433 |
4.365.205 |
|
Surplus from revaluation |
|
-58.917 |
-15.149 |
0 |
0 |
|
Retained net |
|
0 |
2.363.910 |
1.735.799 |
0 |
|
Net business result for the
business year |
|
-1.201.367 |
-5.171.804 |
628.111 |
1.735.799 |
|
PROVISIONS AND
LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES |
|
3.373.895 |
3.478.410 |
3.488.328 |
4.158.964 |
|
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
1 |
1 |
1 |
1 |
|
Name |
Ref. |
|
|
|
|
|
|
|
EUR |
EUR |
EUR |
EUR |
|
|
|
balance |
balance |
balance |
balance |
|
FINANCIAL AND BUSINESS
LIABILITIES |
|
20.293.827 |
23.432.037 |
23.052.113 |
32.043.149 |
|
LONG-TERM LIABILITIES |
|
8.787.571 |
7.872.257 |
8.310.525 |
13.525.740 |
|
Long-term financial liabilities |
|
3.535.190 |
2.660.649 |
4.441.288 |
8.671.212 |
|
Long-term operating liabilities |
|
5.252.381 |
5.211.608 |
3.869.237 |
4.854.528 |
|
Deferred liabilities for taxes |
|
0 |
0 |
0 |
0 |
|
SHORT-TERM LIABILITIES |
|
11.506.256 |
15.559.780 |
14.741.588 |
18.517.409 |
|
Liabilities, included in groups
for estrange |
|
0 |
0 |
0 |
0 |
|
Short-term financial liabilities |
|
1.890.000 |
4.503.620 |
3.989.141 |
4.138.785 |
|
Short-term operating liabilities |
|
9.616.256 |
11.056.160 |
10.752.447 |
14.378.624 |
|
SHORT-TERM ACCRUED
COSTS AND DE- FERRED REVENUES |
|
3.585.713 |
8.002.236 |
8.408.304 |
5.821.750 |
|
balance sheet items |
|
58.444.884 |
78.389.056 |
53.310.806 |
54.591.276 |
31.12.2014 The enclosed profit and
loss account of 2014 is originated from official source, it is not authenticated
by the auditor.
31.12.2013 The enclosed profit and
loss account of 2013 is originated from official source, it is not
authenticated by the auditor.
31.12.2012 The enclosed profit and
loss account of 2012 is originated from official source, it is not
authenticated by the auditor.
31.12.2011 The enclosed profit and
loss account of 2011 is originated from official source, it is authenticated by
the auditor .
|
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
1 |
1 |
1 |
1 |
|
Name |
Ref. |
EUR |
EUR |
EUR |
EUR |
|
|
|
profit and |
profit and |
profit and |
profit and |
|
|
|
loss account |
loss account |
loss account |
loss account |
|
Net sales |
|
45.421.202 |
32.040.352 |
38.666.905 |
41.829.593 |
|
Changes in the value of
inventories of prod- |
|
-5.883.601 |
2.306.672 |
2.570.780 |
-1.610.253 |
|
ucts and work-in-process |
|
|
|
|
|
|
Capitalised own products and own
services |
|
136.121 |
86.383 |
113.324 |
47.911 |
|
Other operating revenues (with subventions, |
|
1.241.731 |
814.195 |
3.787.198 |
1.770.011 |
|
grants,...) |
|
|
|
|
|
|
GROSS OPERATING YIELD |
|
40.915.453 |
35.247.602 |
45.138.207 |
42.037.262 |
|
Cost of goods, material and
services |
|
25.232.418 |
23.126.062 |
28.015.704 |
23.071.926 |
|
Purchase value of goods and
materials sold and |
|
12.604.231 |
12.012.188 |
18.054.822 |
11.330.153 |
|
cost of material and cost of
material used |
|
|
|
|
|
|
Cost of services |
|
12.628.187 |
11.113.874 |
9.960.882 |
11.741.773 |
|
Labour cost |
|
12.513.128 |
13.345.273 |
13.227.322 |
12.555.933 |
|
Cost of wages |
|
9.409.058 |
9.804.411 |
10.077.138 |
9.593.285 |
|
Cost of pension insurance |
|
993.553 |
1.089.651 |
1.136.803 |
1.064.648 |
|
Cost of other social insurance |
|
654.920 |
707.890 |
729.980 |
671.153 |
|
Other labour cost |
|
1.455.597 |
1.743.321 |
1.283.401 |
1.226.847 |
|
Write-offs |
|
1.906.760 |
2.304.247 |
1.939.919 |
2.011.590 |
|
Depreciation |
|
1.886.676 |
2.127.595 |
1.935.728 |
1.910.328 |
|
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
1 |
|
1 |
1 |
1 |
|
Name |
Ref. |
EUR |
EUR |
EUR |
EUR |
|
|
|
profit and |
profit and |
profit and |
profit and |
|
|
|
loss account |
loss account |
loss account |
loss account |
|
Revaluation operating expenses
for non-tangible |
|
43 |
914 |
804 |
261 |
|
assets and tangible fixed assets |
|
|
|
|
|
|
Revaluation operating expenses
for current assets |
|
20.041 |
175.738 |
3.387 |
101.001 |
|
Other operating expenses |
|
989.306 |
1.685.849 |
959.173 |
1.485.566 |
|
OPERATING REVENUES |
|
46.799.054 |
32.940.930 |
42.567.427 |
43.647.515 |
|
OPERATING EXPENSES |
|
40.641.612 |
40.461.431 |
44.142.118 |
39.125.015 |
|
OPERATING RESULT |
|
6.157.442 |
-7.520.501 |
-1.574.691 |
4.522.500 |
|
EBIT |
|
273.841 |
-5.213.829 |
996.089 |
2.912.247 |
|
Financial income from investments
in other enter- |
|
0 |
210.000 |
200.000 |
1.166.121 |
|
prises |
|
|
|
|
|
|
Financial income from loans |
|
82.084 |
137.037 |
261.479 |
376.065 |
|
Financial income from operating
receivables |
|
325.095 |
261.403 |
567.414 |
471.654 |
|
Financial expenses from
depreciation and write- |
|
1.278.110 |
0 |
0 |
1.999 |
|
offs of financial investments |
|
|
|
|
|
|
Financial expenses from financial
liabilities |
|
191.774 |
118.588 |
273.695 |
649.244 |
|
Financial expenses from operating
liabilities |
|
393.525 |
472.909 |
259.719 |
416.306 |
|
Financial income |
|
407.179 |
608.440 |
1.028.893 |
2.013.840 |
|
Financial expenses |
|
1.863.409 |
591.497 |
533.414 |
1.067.549 |
|
Other revenues |
|
52 |
25 |
12 |
21 |
|
Other expenses |
|
3.130 |
2.712 |
7.204 |
27.707 |
|
Total revenues |
|
41.322.684 |
35.856.067 |
46.167.112 |
44.051.123 |
|
Total costs |
|
42.508.151 |
41.055.640 |
44.682.736 |
40.220.271 |
|
Total business result |
|
-1.185.467 |
-5.199.573 |
1.484.376 |
3.830.852 |
|
Tax on profit |
|
12.047 |
28.772 |
12.905 |
142.123 |
|
Deferred taxs |
|
3.853 |
-56.541 |
149.132 |
34.416 |
|
Net business result for the
accounting period |
|
-1.201.367 |
-5.171.804 |
1.322.339 |
3.654.313 |
Financial
Ratios
|
|||||
|
Name |
Ref. |
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
Equity ratio |
1 |
0,50 |
0,41 |
0,38 |
0,35 |
|
Cleared equity ratio |
2 |
0,50 |
0,41 |
0,38 |
0,35 |
|
Current liquidity |
3 |
2,47 |
2,64 |
2,76 |
2,62 |
|
Quick liquidity |
4 |
1,44 |
1,32 |
1,51 |
1,79 |
|
Working capital |
5 |
16899136,00 |
25477922,00 |
26006780,00 |
30023866,00 |
|
Gearing |
6 |
2,00 |
2,42 |
2,62 |
2,84 |
|
Cleared gearing |
7 |
0,21 |
0,27 |
0,32 |
0,49 |
|
Profitability |
8 |
-2,87 |
-14,50 |
3,22 |
8,70 |
|
Operating profitability |
9 |
-2,91 |
-14,42 |
2,86 |
8,30 |
|
Stock days |
10 |
104,30 |
208,81 |
145,97 |
127,05 |
|
Debtor days |
11 |
1403,54 |
153,25 |
163,27 |
197,30 |
|
Supplier days |
12 |
84,94 |
112,55 |
85,01 |
119,14 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.83 |
|
|
1 |
Rs.103.39 |
|
Euro |
1 |
Rs.74.27 |
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.