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Report No. : |
306867 |
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Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
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Correct Name : |
POLCOPPER SP. Z O.O. |
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Formerly Known As : |
TOMMET Sp. z o.o. |
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Registered Office : |
Przysieka Polska, Ul. Przemysłowa 16, 64-030 Śmigiel |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
19.10.2000 |
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Com. Reg. No.: |
KRS 88508 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Engaged as wholesaler of scrap metal Engaged
in Purchase and processing of
waste and steel scrap; Cast iron scrap as well as nonferrous scrap Engaged
in Engaged
as Wholesaler of waste and scrap |
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No of Employees : |
354 (29.01.2014) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Partly Delayed |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Poland |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Poland ECONOMIC OVERVIEW
Poland has pursued a policy of economic liberalization
since 1990 and Poland's economy was the only one in the EU to avoid a recession
through the 2008-09 economic downturn. Although EU membership and access to EU
structural funds have provided a major boost to the economy since 2004, GDP per
capita remains significantly below the EU average while unemployment continues
to exceed the EU average. The government of Prime Minister Donald TUSK steered
the Polish economy through the economic downturn by skillfully managing public
finances and adopting controversial pension and tax reforms to further shore up
public finances. While the Polish economy has performed well over the past five
years, growth slowed in 2012 and 2013, in part due to the ongoing economic difficulties
in the euro zone. Short-term, the key policy challenge will be to consolidate
debt and spending without stifling economic growth. Over the longer term,
Poland's economic performance could improve if the country addresses some of
the remaining deficiencies in its road and rail infrastructure, business
environment, rigid labor code, commercial court system, government red tape,
and burdensome tax system.
|
Source : CIA |
POLCOPPER Sp. z o.o.
Przysieka Polska
ul. Przemysłowa 16
64-030 Śmigiel
Phone: 65 5129908
Fax: 65 5129828
E-mail: polcopper@polcopper.pl
Website: www.polcopper.pl
Legal form Limited
liability company
Stat.no. 639835359
Tax ID PL
7822184969
Establishment 19.10.2000
Changes of names and
Addresses 19.10.2000
TOMMET Sp. z o.o.
ul. Krańcowa 6, 61-022 Poznań
04.01.2002 POLCOPPER Sp. z o.o.
Przysieka Polska, ul. Przemysłowa 16,
64-030
Śmigiel
Registration: 05.02.2002,
District Court Poznań IX Department, KRS 88508
Data concerning previous registrations:
30.10.2000, District Court Poznań, RHB
14241
Shareholders Ewa
Rusiecka , personal ID no. (PESEL) PLN
2 895 000,00
48102102163, ul. Poznańska 39, 64-100
Leszno 76,18%
other shareholders
PLN
905 000,00
23,82%
list entered to NCR /KRS/ on 02.09.2010
Initial Capital PLN
3 800 000,00
Initial capital divided into 760 shares of
PLN
5 000,00 each
Changes of initial capital
- until 21.04.2010 the capital estimated PLN 1 800
000,00
was depreciated 180 shares
Management Piotr
Rusiecki , personal ID no. (PESEL) 75011204952, ul. Poznańska
39, 64-100 Leszno
- president
Andrzej Mikołajczak , personal ID no.
(PESEL) 64041215878, ul.
Słoneczna 9, 62-330 Nekla
- vice president
Proxies:
Anna Szwajkowska , personal ID no. (PESEL)
83060409440, Kowalew, ul.
Kościelna 19a, 63-300 Pleszew
- independent proxy
Grzegorz Nowak , personal ID no. (PESEL)
61101601594, ul. Graniczna
49, 62-030 Luboń
- independent proxy
Representation:
since 31.07.2012
Each member of the board of directors
individually.
Main activity Engaged as wholesaler of scrap metal
Engaged in Purchase and processing of waste and steel scrap; cast iron scrap as well as nonferrous scrap
Engaged in Sale of metal articles; Freight transport by road
Engaged as Wholesaler of waste and
scrap
Export 2013 (64.00%) India, Pakistan,
Germany
Branches NACE 2007:
Wholesale of waste and scrap (G.46.77.Z)
Other transportation activities (H.49.41.Z)
Other wholesale (G.46.72.Z)
Employment 2010:
172 employees
2011: 224 employees
2012: 299 employees
2013: 345 employees
29.01.2014: 354 employees
Turnover 2010
PLN 319 466 166,63
2011 PLN 481 039 917,53
2012 PLN 588 473 774,42
2013 PLN 654 013 467,38
2014 - expected
value PLN 700 000 000,00
Source of financial data Court Court Court
Court
annual annual
annual annual
Personal balance sheet as at 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Currency (PLN)
-A. Fixed
assets...................... 96
512 418,90 70 981 996,81 55 484 225,88 37 163 102,29
- I. Intangible assets............. 19 915,53 69 058,43 133
751,34 198 944,22
- 3. Other intangible assets....... 19
915,53 69 058,43 133 751,34 198 944,22
- II. Tangible assets............... 78
129 382,29 66 514 913,17 51 388 893,45 32 694 770,44
- 1. Fixed goods................... 73
091 224,55 62 717 283,20 42 520 822,20 31 341 484,21
- a) land........................ 12
321 765,87 8 416 136,89 7 206 582,98 6 185 868,87
- b) buildings, premises,
facilities............................ 9
013 156,71 8 488 644,91 6 741 088,17 6 102 374,16
- c) machinery and equipment..... 39
166 907,57 33 825 629,06 18 959 131,57 13 511 691,21
- d) fleet of motor vehicles..... 12
277 013,63 11 824 400,79 9 550 287,71 5 464 331,16
- e) other fixed goods........... 312
380,77 162 471,55 63 731,77 77 218,81
- 2. Fixed goods under
construction.................. 5
021 897,58 3 789 499,89 8 787 838,98 1 336 892,79
- 3. Prepayments for fixed goods
under construction.................... 16
260,16 8 130,08 80 232,27 16 393,44
- III. Long term receivables......... 388
731,21
- 2. Other receivables............. 388
731,21
- IV. Long term investments......... 17
262 160,79 3 591 664,00 3 591 664,00 4 081 664,00
- 3. Long term financial assets.... 17
262 160,79 3 591 664,00 3 591 664,00 4 081 664,00
- a) in affiliated companies..... 17
262 160,79 3 591 664,00 3 591 664,00 4 081 664,00
- - participations or shares... 17
262 160,79 3 591 664,00 3 591 664,00 4
081 664,00
-V. Long-term prepayments and
accrued income........................ 1
100 960,29 417 630,00 369 917,09 187 723,63
- 1. Deferred tax assets............. 1
011 746,00 417 630,00 361 833,00 147 575,00
- 2. Other prepayments............... 89
214,29 8
084,09 40 148,63
-B. Current assets.................... 138 694 295,72 176 169 914,52 117 376 230,45
101 946 299,54
- I. Stock......................... 56 043 649,83 63 734 041,48 39 820 986,02 35 063
238,11
- 1. Raw materials................. 306
991,86 386 987,66 337 622,05 175 407,15
- 4. Goods for re-sale............. 55
736 657,97 58 490 709,72 38 773 989,91 34 131 362,49
- 5. Advance payments ............. 4
856 344,10 709 374,06 756 468,47
- II. Short-term receivables......... 77
561 132,54 107 824 981,75 65 333 606,09
58 237 634,63
- 1. Receivables from affiliated
companies............................. 1
078 941,79 18 209,02 160 408,69 164 917,81
- a) Due to deliveries and
services with payment period:......... 1
078 941,79 160
408,69 164 917,81
- - up to 12 months............ 1
078 941,79 160 408,69 164 917,81
- 2. Other receivables ............ 76
482 190,75 107 806 772,73 65 173 197,40
58 072 716,82
- a) Due to deliveries and
services with payment period:......... 70
651 756,08 103 461 729,28 62 039 232,88
49 003 860,85
- - up to 12 months............ 70
651 756,08 103 461 729,28 62 039 232,88
49 003 860,85
- b) Due to taxes, subsidies,
insurances, duties, etc............... 4
003 878,11 3 756 326,30 728 590,00 8
474 642,91
- c) Other....................... 1
826 556,56 588 717,15 2 405 374,52 594
213,06
- III. Short term investments........ 4
521 771,91 3 469 161,81 10 792 750,05 7 534 292,07
- 1. Short-term financial assets... 4
521 771,91 3 469 161,81 10 792 750,05 7 534 292,07
- a) in affiliated companies..... 1
279 076,42 1 242 976,42 1 190 776,42 1 133 676,42
- - granted loans.............. 1
279 076,42 1 242 976,42 1 190 776,42 1 133 676,42
- b) Other....................... 135
076,71 128 076,71
- - granted loans.............. 135
076,71 128 076,71
- c) cash and other liquid
assets................................ 3
242 695,49 2 226 185,39 9 466 896,92 6 272 538,94
- - cash in hand and on bank
account............................... 2
486 004,86 1 181 885,39 9 351 896,92 6 177 538,94
- - other liquid assets........ 756
690,63 1 044 300,00 115 000,00 95
000,00
-IV. Short-term prepayments and
accrued income........................ 567
741,44 1 141 729,48 1 428 888,29 1 111 134,73
-D. Total assets...................... 235 206 714,62 247 151 911,33 172 860
456,33 139 109 401,83
-A. Shareholders'
equity.............. 51
835 586,27 65 631 749,52 60 274 235,29 43 243 292,30
- I. Basic share capital........... 3 800 000,00 3 800 000,00 3 800
000,00 3 800 000,00
- IV. Statutory reserve capital..... 61
831 749,52 56 474 235,29 39 443 292,30 29 230 658,57
- VIII. Net profit (loss)............ -13
796 163,25 5 357 514,23 17 030 942,99 10 212 633,73
-B. Liabilities and reserves for
liabilities........................... 183
371 128,35 181 520 161,81 112 586 221,04 95 866 109,53
- I. Reserves for liabilities...... 2 322 395,00 811 998,00 879
404,00 69 871,00
- 1. Deferred income tax reserves.. 1
302 395,00 291 998,00 359 404,00 69 871,00
- 2. Reserves for pensions and
similar social payments............... 500
000,00
- - long-term.................... 500
000,00
- 3. Other reserves................ 520
000,00 520 000,00 520 000,00
- - short-term................... 520
000,00 520 000,00 520 000,00
-II. Long-term liabilities........... 12
501 249,43 48 553 447,24 12 007 956,63 5 093 495,35
- 2. Other liabilities............... 12
501 249,43 48 553 447,24 12 007 956,63 5 093 495,35
- a) Loans......................... 6
510 036,34 40 685 424,14 3 111 602,37
- c) Other financial liabilities... 5
991 213,09
- d) Other......................... 7
868 023,10 8 896 354,26 5 093 495,35
-III. Short-term liabilities.......... 160
423 702,71 125 578 428,54 99 698
860,41 90 702 743,18
- 1. Due to affiliated companies..... 2
163 174,95 679 898,54 1 761 222,37 2 126 224,45
- a) Due to deliveries and
services with payment period:......... 2
163 144,14 424
784,93 882 787,01
- - up to 12 months.............. 2
163 144,14 424
784,93 882 787,01
- b) Other......................... 30,81
1
336 437,44 1 243 437,44
- 2. Other liabilities............... 158
260 527,76 124 898 530,00 97 937 638,04 88
576 518,73
- a) Loans......................... 83
464 804,57 46 676 360,18 55 204 604,04 48 519 952,01
- c) Other financial liabilities... 30
902 532,96 18 447 544,96 7 481 860,59 5
503 290,01
- d)Due to deliveries and
services with payment period:......... 41
745 014,08 55 470 843,86 30 851 682,81 30 212 098,82
- - up to 12 months.............. 41
745 014,08 55 470 843,86 30 851 682,81 30 212 098,82
- e) Advances received............. 35
640,37 451 050,93 39 454,63 409 836,47
- g) Due to taxes, subsidies,
insurances, duties, etc............... 913
936,64 2 936 808,02 3 228 993,51 2 989 086,29
- h) Due to salaries............... 947
399,45 811 678,29 649 216,23 423 624,77
- i)
Other......................... 251
199,69 104 243,76 481 826,23 518 630,36
-IV. Accruals and deferred income.... 8
123 781,21 6 576 288,03
- 2. Other accruals.................. 8
123 781,21 6 576 288,03
- - long-term...................... 7
197 888,57 5 960 521,03
- - short-term..................... 925
892,64 615 767,00
-D. Total
liabilities................. 235
206 714,62 247 151 911,33 172 860 456,33
139109401,83
Source of financial data Court
Court Court Court
Annual Annual Annual Annual
individual PROFIT AND LOSS ACCOUNT 01.01.2013- 01.01.2012 01.01.2011 01.01.2010
31.12.2013 31.12.2012 31.12.2011 31.12.2010
Currency (PLN)
-A. Income from sales and similar..... 654 013
467,38 588 473 774,42 481 039 917,53 319
466166,63
- - including related companies...... 18 324
160,31 1 055 751,36
- I. Net income on sales........... 1
735 401,78 811 545,88 1 598 019,89 1 570 244,37
- IV. Income from sales of goods
and materials......................... 652
278 065,60 587 662 228,54 479 441 897,64 317 895 922,26
-B. Operational costs................. 649
284 785,13 573 972 314,59 454 296 848,20 296 602 513,84
- I. Depreciation.................. 9
999 900,61 11 650 156,09 8 412 901,84 5 256 870,06
- II. Materials and energy.......... 20
518 836,60 18 846 302,24 14 211 344,01 9 553 338,79
- III. Third party services.......... 39
715 378,94 46 101 423,78 34 272 615,85 23 531 307,94
- IV. Taxes and duties.............. 2
350 543,14 745 523,52 654 416,41 447 227,50
- V. Salaries and wages............ 15
559 279,17 11 882 936,31 9 910 856,46 7 005 483,98
- VI. Social security............... 3
441 448,72 2 626 360,18 1 950 746,49 1 476 642,51
- VII. Other......................... 4
332 137,32 3 052 685,15 2185 009,18 2 252 811,71
- VIII.Costs of goods and materials
sold 553
367 260,63 479 066 927,32 382 698 957,96 247 078 831,35
-C. Profit on sale.................... 4
728 682,25 14 501 459,83 26 743 069,33 22 863 652,79
-D. Other operating incomes........... 2
800 021,90 1 502 916,24 877 375,29 823 032,51
- I. Incomes from disposal
non-financial assets.................. 1
013 465,29 90 560,69 296 294,54 135 361,13
- II. Subsidies..................... 753
320,00 381 393,00
- III. Other operating incomes....... 1
033 236,61 1 030 962,55 581 080,75 687 671,38
-E. Other operating costs............. 12 264
557,27 1 016 323,93 2 510 143,13 8 349 188,29
- II. Goodwill revaluation.......... 9
346 995,51 293 581,31 1 242 547,54 7 794 699,23
- III. Other operating costs......... 2
917 561,76 722 742,62 1 267 595,59 554 489,06
-F. Profit on operating activities.... 14
988 052,14 25 110 301,49 15 337 497,01
-F. Loss on operating activities...... 4 735 853,12
-G. Financial incomes................. 2
082 810,38 2 420 877,51 6 319 655,57 1 696 056,88
- II. Interest received............. 950
548,28 169 160,43 305 501,50 209 901,47
- III. Profit from assets sold....... 181
200,00
- V. Other......................... 1
132 262,10 2 251 717,08 6 014 154,07 1 304 955,41
-H. Financial costs................... 10
538 372,51 10 342 512,42 9 491 243,07 3 768 769,16
- I. Interest...................... 7
046 475,76 7 586 629,18 5 586 351,52 3 364 071,76
- - related companies.............. 39
000,00
- III. Financial assets revaluation.. 490
000,00
- IV. Other......................... 3
491 896,75 2 755 883,24 3 414 891,55 404 697,40
-I. Profit on economic activity....... 7 066
417,23 21 938 713,99 13 264 784,73
-I. Loss on economic activity......... 13
191 415,25
-K. Gross profit...................... 7
066 417,23 21 938 713,99 13 264 784,73
-K. Gross loss........................ 13
191 415,25
-L. Corporation tax................... 604
748,00 1 708 903,00 4 907 771,00 3 052 151,00
-N. Net profit........................ 5
357 514,23 17 030 942,99 10 212 633,73
-N. Net loss.......................... 13
796 163,25
Balance sheet as at 31.12.2012
Ewa Kleszcz Firma Audytorska "Bilans" - Biegły Rewident,
ul. Francuska 7, 64-100 Leszno No.
2808
Expert auditor Ewa Kleszcz , personal ID no. (PESEL)
86101105688 No.
1660
Balance sheet as at 31.12.2010
Ewa Kleszcz Firma Audytorska "Bilans" - Biegły Rewident,
ul. Francuska 7, 64-100 Leszno No.
2808
Expert auditor Ewa Kleszcz , personal ID no. (PESEL)
86101105688 No.
1660
01.01.2013- 01.01.2012 01.01.2011 01.01.2010
31.12.2013 31.12.2012 31.12.2011 31.12.2010
Current ratio 0,86 1,40 1,18 1,12
Quick ratio 0,51 0,89 0,76 0,73
Immediate ratio 0,02 0,02 0,09 0,07
Return on sale -2,11
0,91 3,54
3,20
Return on assets -5,87 2,17 9,85 7,34
Return on equity -26,62
8,16 28,26 23,62
Average trade debtors' days 43,29 67,06 49,57 66,54
Average stock turnover's days 31,28 39,64 30,22 40,06
average payables payment period 89,53 78,10
75,65 103,63
Total indebtedness ratio 77,96
73,44 65,13 68,91
While rating the company, it is advisable
to take into consideration information about the branch, the company is acting
in
(G.46.77.Z - NACE 2007), as at : 30.09.2014 31.12.2013 31.12.2012
31.12.2011 31.12.2010
Current ratio............................ 1,39
1,33 1,50 1,38 1,23
Quick ratio.............................. 0,88
0,75 0,97 0,98 0,90
Immediate ratio.......................... 0,10
0,05 0,08 0,10 0,09
Return on sale........................... 0,78 0,20 0,42 2,00
1,86
Return on assets......................... 1,81
0,77 1,96 8,44 6,68
Return on equity......................... 3,88
2,01 4,70 20,90 20,10
Average trade debtors' days.............. 37,50
31,29 30,46 35,68 43,66
Average stock turnover's days............ 25,21
26,17 18,60 16,93 18,16
average payables payment period.......... 50,25 46,20 35,03 42,24 55,75
Total indebtedness ratio................. 53,36 61,60 58,19 59,61
66,76
Percent share in the examinated group
of companies with net profit............. 67,60 67,60 71,80 89,50
94,90
Sales/revenue per employee in
th. PLN..1 482,22 2 158,91 2 461,58 2 497,77 2
157,64
Average sales/revenue per company in
th. PLN.................................. 171
616,51 240 513,95 276 581,05 239 522,95 217 313,33
According to the
Central Statistical Office
Locations: seat:
Przysieka Polska, ul. Przemysłowa 16,
64-030 Śmigiel
Phone: 65 5129908
Fax: 65 5129828
E-mail: polcopper@polcopper.pl
Website: www.polcopper.pl
The company buys scrap metal in more than 30
branches throughout the
country.
Real Estate Book
value of buildings as at 31.12.2013 PLN
9 013 156,71
Book value of lands as at 31.12.2013 PLN 12 321 765,87
Verification of information on real estate
ownership position through the Real Estate
Register is not covered by the standard
report.
Means of transport As
at 31.12.2013 book value of car fleet was: PLN
12 277 013,63
Shares in other
Companies CONDOR
POLSKA Sp. z o.o. NIP PL 7822275821, ul. Dworcowa
15, 62-030 Luboń
PLN 1 200 000,00 (96,00%)
KRALL POLSKA sp. z o.o. w likwidacji NIP PL
6721997618,
Przysieka Polska, ul. Przemysłowa 16,
64-030 Śmigiel
PLN 490 000,00 (70,00%)
TOP STAL KUJAWY Sp. z o.o. NIP PL
5542781580, ul.
Bydgoska 13, 86-061 Brzoza
PLN 1 000 000,00 (100,00%)
Data concerning shares in other companies are valid as at:
19.01.2015.
Connections: Piotr
Rusiecki , personal ID no. (PESEL) 75011204952
- TOP STAL KUJAWY Sp. z o.o. NIP PL
5542781580, ul.
Bydgoska 13, 86-061 Brzoza
· president
- RUSIECCY SPÓŁKA JAWNA PIOTR RUSIECKI,
KAZIMIERZ
RUSIECKI NIP 6970019368, ul. Poznańska
39, 64-100 Leszno
· shareholder
· member of representation unit
- UNIA LESZNO SPORTOWA SA NIP 6972169103,
ul. Strzelecka
7, 64-100 Leszno
· president
Andrzej Mikołajczak , personal ID no.
(PESEL) 64041215878
- "MIKOMET" CONSULTING ANDRZEJ
MIKOŁAJCZAK NIP
7861209099, ul. Słoneczna 9, 62-330
Nekla
· owner
Ewa Rusiecka , personal ID no. (PESEL)
48102102163
- WYNAJEM NIERUCHOMOŚCI Ewa Rusiecka
NIP 6971030314, ul.
Poznańska 39, 64-100 Leszno
· owner
Data concerning connections are valid as at:
19.01.2015.
Certificates: ISO
9001:2000
transport licence TU-16191
valid until 18.10.2016
General information The
subject has not decided to cooperate in elaboration of the report.
Legal proceedings Bankruptcy
and composition agreement proceedings:
08.10.2013 District Court Poznań, XI
Commercial Department for
Bankruptcy and Repair Matters application
for bankruptcy,
08.10.2013 - Submission of an application
for bankruptcy
08.11.2013 - Rejection of the application
for bankruptcy
Banks ING
Bank Śląski SA O. w Poznaniu ul.Piekary 7 (10501520)
ul. Piekary 7, 61-823 Poznań
Acc.no. 61105015201000002330001906
(EUR)
ING Bank Śląski SA O. w Poznaniu
ul.Piekary 7 (10501520)
ul. Piekary 7, 61-823 Poznań
Acc.no. 13105015201000002329711382
(GBP)
DNB BANK POLSKA SA Centrala (21900002)
ul. Postępu 15C, 02-676 Warszawa
Acc.no. 78219000023000004625220101
Bank Zachodni WBK SA 1 O. w Kościanie
(10901274)
al. Kościuszki 2, 64-000 Kościan
Acc.no. 50109012740000000118869508
RAIFFEISEN BANK POLSKA SA O. w Poznaniu
ul.Marcelińska 90 (17501019)
ul. Marcelińska 90, 60-324 Poznań
Acc.no. 64175010190000000012323999
Powszechna Kasa Oszczędności Bank
Polski SA Oddział 1 w Poznaniu
(10204027)
pl. Wolności 3, 60-914 Poznań
Acc.no. 66102040270000160208600035
ING Bank Śląski SA O. w Poznaniu
ul.Piekary 7 (10501520)
ul. Piekary 7, 61-823 Poznań
Acc.no. 57105015201000002329711366
(USD)
Payment Manner Partly
within agreed terms, partly with delays.
Credit capability Business connections
should not be refused,
credits require security
Due to:
- Short term liabilities exceeding the amount
of current assets
- Losses
- existing payment objections
- No insight into financial situation of the
company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
UK Pound |
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.