|
Report No. : |
354238 |
|
Report Date : |
12.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
WTTECH.CZ S.R.O. |
|
|
|
|
Registered Office : |
Lhotecka 214 29001 Sokolec |
|
|
|
|
Country : |
Czech Republic |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
03.03.2009 |
|
|
|
|
Com. Reg. No.: |
C 148790 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of instruments and
appliances for measuring, testing and navigation |
|
|
|
|
Employees: |
5 |
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 : |
Small Company |
|
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 – 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 |
WTTECH.CZ S.R.O.
Lhoteck ´a 214 29001 Sokole
č Czech Republic
telephone 00420/773 682 131
e-mail wttech@wttech.cz
Web www.wttech.cz
Registration: M ˇestsk ư soud v Praze
Statistical Nr. 28537335
Registration Nr.
C 148790
Tax Nr. CZ28537335
Status active
|
Business connection |
Business connections appear
permissible |
|
Terms of payment |
usually within agreed terms |
Legal form Private limited company
Founded 03/03/2009 as Private limited company
Registration 03/03/2009, M ˇestsk ư
soud v Praze, C 148790
Statistical Nr.: 28537335
Tax Nr.: CZ28537335
|
Valid from |
Trade name(s) |
Valid until |
|
03/03/2009 |
WTtech.CZ s.r.o. |
|
Name
/ Address / Status From Share
Shareholders
9213722708 Ing
Vojtech Mraz 03/03/2009 200,000 CZK
(birth date 03/07/1974) Lhoteck ´a
214, 290 01 Sokole č Czech Republic
Total
capital 200,000
CZK
|
Date |
Currency |
Value |
|
03/03/2009 |
CZK |
200,000 |
Name
/ Address / Status Since Power of attorney
Management
9213722708 Executive
Manager 03/03/2009
Ing Vojtech Mraz
(birth date 03/07/1974)
Lhoteck ´a 214, 290 01 Sokole
č Czech Republic
Valid
from Address Valid
until
|
23/12/2009 |
Lhoteck ´a 214, 290 01 Sokole
č , Czech Republic |
|
|
03/03/2009 |
Drahobejlova 1019/27, 190 00
Praha 9, Czech Republic |
23/12/2009 |
|
Valid from |
Office address |
Valid until |
|
|
Jiriho namesti 43 290 01
podebrady, Czech Republic |
|
|
Main activity |
Nace |
|
Manufacture of instruments and
appliances for measuring, testing and navigation |
26.51 |
|
Additional activities |
Nace |
Development and
production of measuring
software.
Development and
production of equipment
such as wind
tunnels, scales and more.
Turnover and Employees
|
Date |
Turnover |
Employees |
|
2011 |
|
3 |
|
2012 |
11,785,000 CZK |
3 |
|
2013 |
10,785,000 CZK |
2 |
|
2014 |
10,403,000 CZK |
2 |
|
2015 |
|
5 |
|
+5 additional
externals |
|
|
|
Import / Export |
|
|
|
|
Import |
Export |
|
Percentage |
Unknown |
50 % |
|
Countries |
Unknown |
Egypt, Pakistan, Romania,
Poland, Slovakia |
|
Properties |
|
|
|
|
|
Name |
Detail |
Currency |
Value |
|
|
|
Property of the couple |
|
|
Unknown |
Lhoteck ´a 214, Sokole
č 290 01,
Czech Republic
SJM Mraz Vojtech a Mrazov ´a Jana
verified in the real estate registry
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.
Banks
|
Code |
Bank name / Address |
Account Nr. |
|
0100 |
Komer ční banka, a.s. |
43-4059450207/0100 |
|
5500 |
Raiffeisenbank, a. s. |
285373352/5500 |
|
5500 |
Raiffeisenbank, a. s. |
285373352/5500 |
|
Main indices |
|
|
|
Payment experience and credit
opinion |
|
|
|
Terms of payment |
usually within agreed terms |
(29) |
|
Business connection |
Business connections appear
permissible |
(31) |
|
Credit Limit |
100,000 |
CZK |
|
|
3,689 |
EUR |
|
Business development |
|
|
|
Company development |
Constant company development |
(30) |
|
Order situation |
Satisfactory order situation |
(30) |
No negative events registered.
|
Balance |
|
|
Dec 31, 2014 The enclosed
balance of |
2014 from business register,
-. |
|
Dec 31, 2013 The enclosed
balance of |
2013 from business register,
-. |
|
Dec 31, 2012 The enclosed
balance of |
2012 from business register,
-. |
|
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
1000 |
1000 |
1000 |
|
Name |
Ref. |
|
|
|
|
|
|
CZK |
CZK |
CZK |
|
|
|
balance |
balance |
balance |
|
TOTAL ASSETS |
r1 |
2,568 |
5,981 |
7,215 |
|
Receivables for subscriptions |
r2 |
0 |
0 |
0 |
|
Fixed assets |
r3 |
476 |
80 |
120 |
|
Intangible fixed assets |
r4 |
0 |
0 |
0 |
|
Tangible fixed assets |
r13 |
476 |
80 |
120 |
|
Long-term financial assets |
r23 |
0 |
0 |
0 |
|
Current assets |
r31 |
2,062 |
5,866 |
7,037 |
|
Inventory |
r32 |
0 |
179 |
598 |
|
Trade receivables |
|
|
|
|
|
Long-term receivables |
r39 |
47 |
47 |
47 |
|
Short-term receivables |
r48 |
1,399 |
3,516 |
4,930 |
|
Short-term financial assets |
r58 |
616 |
2,124 |
1,462 |
|
Accruals |
r63 |
30 |
35 |
58 |
|
TOTAL LIABILITIES |
r67 |
2,568 |
5,981 |
7,215 |
|
Equity |
r68 |
557 |
282 |
-768 |
|
Registered capital |
r69 |
200 |
200 |
200 |
|
Capital funds |
r73 |
1 |
0 |
1 |
|
Reserve funds, statutory
reserve account for |
r78 |
20 |
20 |
20 |
|
cooperatives, and other
retained earnings |
|
|
|
|
|
Profit / loss - previous years |
r81 |
62 |
-989 |
-1,846 |
|
Profit / loss - current year
(+/-) |
r84 |
274 |
1,051 |
857 |
|
Decided on advance for payment
of a profit |
|
|
|
|
|
share |
|
|
|
|
|
Liabilities |
r85 |
1,997 |
5,141 |
7,950 |
|
Reserves |
r86 |
0 |
0 |
0 |
|
Long-term payables |
r91 |
0 |
1,597 |
4,332 |
|
Short-term payables |
r102 |
265 |
2,166 |
2,884 |
|
Bank loans and financial
accommodations |
r114 |
1,732 |
1,378 |
734 |
|
Accruals |
r118 |
14 |
558 |
33 |
Profit and loss accounts
Dec 31, 2014 The enclosed profit/loss
account of 2014 from business register, -. Dec 31, 2013 The enclosed
profit/loss account of 2013 from business register, -. Dec 31, 2012 The
enclosed profit/loss account of 2012 from business register, -.
|
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
1000 |
1000 |
1000 |
|
Name |
Ref. |
CZK |
CZK |
CZK |
|
|
|
profit/loss |
profit/loss |
profit/loss |
|
|
|
account |
account |
account |
|
Turnover |
a1 |
10,403 |
10,785 |
11,785 |
|
Revenues from sold goods |
a2 |
1,515 |
1,180 |
1,364 |
|
Expenses on sold goods |
a3 |
1,337 |
997 |
1,218 |
|
Sale margin |
a4 |
178 |
183 |
146 |
|
Production |
a5 |
8,888 |
9,605 |
10,421 |
|
Production consumption |
a9 |
6,491 |
5,915 |
7,450 |
|
Added value |
a12 |
2,575 |
3,873 |
3,117 |
|
Personnel expenses |
a13 |
1,888 |
2,106 |
1,910 |
|
Taxes and fees |
a18 |
19 |
26 |
11 |
|
Depreciations of intangible
and tangible assets |
a19 |
88 |
40 |
57 |
|
Revenues from disposals of
fixed assets and materials |
a20 |
0 |
0 |
0 |
|
Net book value of disposed
fixed assets and materials |
a23 |
0 |
0 |
0 |
|
Change in operating reserves
and adjustments and complex
deferred costs ( + / - ) |
a26 |
0 |
0 |
0 |
|
Other operating revenues |
a27 |
0 |
0 |
0 |
|
Other operating expenses |
a28 |
18 |
132 |
6 |
|
Transfer of operating revenues |
a29 |
0 |
0 |
0 |
|
Transfer of operating expenses |
a30 |
0 |
0 |
0 |
|
Operating profit / loss |
a31 |
562 |
1,569 |
1,133 |
|
Revenues from sales of
securities and ownership interests |
a32 |
0 |
0 |
0 |
|
Sold securities and ownership
interests |
a33 |
0 |
0 |
0 |
|
Revenues from long-term
financial assets |
a34 |
0 |
0 |
0 |
|
Revenues from short-term
financial assets |
a38 |
0 |
0 |
0 |
|
Expenses associated with
financial assets |
a39 |
0 |
0 |
0 |
|
Revenues from
revaluation of securities
and derivatives |
a40 |
0 |
0 |
0 |
|
Cost of revaluation of
securities and derivatives |
a41 |
0 |
0 |
0 |
|
Change in financial reserves
and adjustments ( +/ - ) |
a42 |
0 |
0 |
0 |
|
Interest revenues |
a43 |
0 |
1 |
3 |
|
Interest expenses |
a44 |
169 |
257 |
228 |
|
Other financial revenues |
a45 |
152 |
176 |
162 |
|
Other financial expenses |
a46 |
239 |
366 |
213 |
|
Transfer of financial revenues |
a47 |
0 |
0 |
0 |
|
Transfer of financial expenses |
a48 |
0 |
0 |
0 |
|
Profit / loss from financial
operations ( trans- actions ) |
a49 |
-256 |
-446 |
-276 |
|
Income tax on ordinary income |
a50 |
37 |
72 |
0 |
|
Operating profit / loss
ordinary activity |
a53 |
269 |
1,051 |
857 |
|
Extraordinary revenues |
a54 |
5 |
0 |
0 |
|
|
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
|
1000 |
1000 |
1000 |
|
Name |
Ref. |
CZK |
CZK |
CZK |
|
|
|
profit/loss |
profit/loss |
profit/loss |
|
|
|
account |
account |
account |
|
Extraordinary expenses |
a55 |
0 |
0 |
0 |
|
Income tax on extraordinary
income |
a56 |
0 |
0 |
0 |
|
Operating profit / loss
extraordinary activity |
a59 |
5 |
0 |
0 |
|
Transfer profit ( loss ) to
partners (+/-) |
a60 |
0 |
0 |
0 |
|
Profit / loss of current
accounting period (+/-) |
a61 |
274 |
1,051 |
857 |
|
Profit / loss before tax (+/-) |
a62 |
311 |
1,123 |
857 |
|
Operating cash flow |
|
|
|
|
|
Investment cash flow |
|
|
|
|
|
Financial cash flow |
|
|
|
|
|
Receivables after due date
total |
|
66 |
47 |
5 |
|
Receivables more than 360 days after due date |
|
|
|
|
|
Receivables more than 180 days after due date |
|
|
|
|
|
Receivables more than 90 days after due date |
|
|
|
|
|
Receivables more than 60 days after due date |
|
|
|
|
|
Receivables more than 30 days after due date |
|
|
|
|
|
Receivables more than 30 days after due date |
|
|
|
|
|
Liabilities after due date
total |
|
0 |
0 |
1,306 |
|
Liabilities more than 360 days
after due date |
|
|
|
|
|
Liabilities more than 180 days
after due date |
|
0 |
0 |
|
|
Liabilities more than 90 days
after due date |
|
|
|
|
|
Liabilities more than 60 days
after due date |
|
|
|
|
|
Liabilities more than 30 days
after due date |
|
|
|
|
|
Liabilities less than 30 days
after due date |
|
|
|
1,306 |
|
Name |
Ref. |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
Return on total assets ROA (in
%) |
1 |
12.11 |
18.78 |
11.88 |
|
Return on equity ROE (in %) |
2 |
55.83 |
398.23 |
-111.59 |
|
Return on sales ROS (in %) |
3 |
10.91 |
38.01 |
26.54 |
|
Turnover of receivables (in
days) |
4 |
|
|
|
|
Turnover of liabilities (in
days) |
5 |
|
|
|
|
Turnover of inventories (days) |
6 |
0.00 |
6.06 |
18.52 |
|
Net working capital (in ths.
CZK) |
7 |
1797.00 |
3700.00 |
4153.00 |
|
Ratio of accounts payable to
accounts receivable(in %) |
8 |
545.66 |
94.69 |
68.97 |
|
Ratio of profit/loss to
tangible assets (in%) |
9 |
4.58 |
0.74 |
1.02 |
|
Current ratio |
10 |
|
|
|
|
Quick ratio |
11 |
7.60 |
2.60 |
2.22 |
|
Cash ratio |
12 |
|
|
|
|
Debt ratio I (in %) |
13 |
78.31 |
95.29 |
110.64 |
|
Debt ratio II (in %) |
14 |
77.76 |
85.96 |
110.19 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
CZK |
1 |
Rs.2.73 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.