MIRA INFORM REPORT

 

 

Report No. :

308687

Report Date :

20.02.2015

 

IDENTIFICATION DETAILS

 

Name :

ZIGLER POLSKA SP. Z O.O.

 

 

Formerly Known As :

AGNIS Sp. z o.o.

 

 

Registered Office :

ul. Braci Gutmanów 7, 43-600 Jaworzno

 

 

Country :

Poland

 

 

Financials (as on) :

31.12.2014 

 

 

Date of Incorporation :

07.12.2000

 

 

Com. Reg. No.:

KRS 32816

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Engaged as manufacturer of machinery and equipment for filling aerosols and perfumes, bottling lines, packaging machines and other types of installations used to dispense chemicals

 

 

No of Employees :

33 (2015)

 

 

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 :

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Poland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

 

Company name & address

 

ZIGLER POLSKA Sp. z o.o.

ul. Braci Gutmanów 7
43-600 Jaworzno

 

Phone:                          32 6163670

Mobile phone:               600 248079

E-mail:                          biuro@zigler.pl

Website:                       www.zigler.pl

 

 

Company summary

 

Legal form

Limited liability company

Stat.no.

120491798

 

Tax ID

PL 6772294223

 

 

Establishment

07.12.2000

Changes of names and addresses

07.12.2000 KRAKBET Sp. z o.o.
ul. Igołomska 14, 31-983 Kraków

 

 

21.09.2006 AGNIS Sp. z o.o.
 ul. Królewska 31/10, 30-040 Kraków

 

 

06.09.2012 ZIGLER POLSKA Sp. z o.o.

 

 

17.02.2014  ul. Braci Gutmanów 20, 43-600 Jaworzno

 

 

28.01.2015  ul. Braci Gutmanów 7, 43-600 Jaworzno

 

Registration:

02.08.2001, District Court Katowice, VIII Department, KRS 32816
(previously entered in the National Court Register:: District Court Kraków, XI Department)

 

Shareholders

Paweł Piotr Pietroń , personal ID no. (PESEL) 57070702279

PLN

27 500,00
55,00%

 

 

 

 

 

Wiesław Kadula , personal ID no. (PESEL) 51070104154, ul. Górna 1, 43-600 Jaworzno

PLN

22 500,00
45,00%

 

 

 

 

 

list entered to NCR /KRS/ on  28.01.2015

 

 

 

 

 

 

 

 

 

 

Initial Capital

 

PLN 50 000,00

 

Initial capital divided into 100 shares of PLN 500,00 each

 

 

Management

Paweł Piotr Pietroń , personal ID no. (PESEL) 57070702279
 - president

 

Proxies:
Marcin Kadula , personal ID no. (PESEL) 76051100396
 - independent proxy

Marcin Tomasz Pietroń , personal ID no. (PESEL) 80021206591
 - independent proxy

 

Representation:
since 17.02.2014 
If numerous managers – Two members of the board of directors jointly or member of the board of directors and proxy jointly

 

 

 

Main activity

Engaged as manufacturer of machinery and equipment for filling aerosols and perfumes, bottling lines, packaging machines and other types of installations used to dispense chemicals

 

 

 

 

 

Export 2013 (83.00%)

 

 

Branches NACE 2007:

 

 

Manufacture of other general purpose machinery n.e.c.

(C.28.29.Z)

 

Manufacture of prepared pet foods

(C.10.92.Z)

 

Dismounting of used products

(E.38.31.Z)

 

Part. specialized building activities

(F.43.11.Z)

 

Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

(G.46.21.Z)

 

Other transportation activities

(H.49.41.Z)

 

Employment

2013:              14        employees
2014:              28        employees
2015:              33        employees

Turnover

2011

PLN

0,00

 

2012

PLN

0,00

 

2013

PLN

5 099 907,65

 

2014

PLN

7 558 000,00

 

2015 - expected value

PLN

8 000 000,00

 

 

Financial statements

Source of financial data

Subject

Subject

Court

Court

 

F01

annual

annual

annual

Personal balance sheet as at

31.12.2014
(PLN)

31.12.2013
(PLN)

31.12.2012
(PLN)

31.12.2011
(PLN)

-A. Fixed assets......................

4 987 000,00

346 794,08

12 000,00

0,00

-  II.  Tangible assets...............

 

346 794,08

12 000,00

 

-    1. Fixed goods...................

 

70 183,31

12 000,00

 

-      c) machinery and equipment.....

 

8 000,00

 

 

-      d) fleet of motor vehicles.....

 

62 183,31

12 000,00

 

-    2. Fixed goods under
construction..........................

 

276 610,77

 

 

-B. Current assets....................

2 485 000,00

2 763 591,91

634 371,95

50 000,00

-  I.   Stock.........................

998 000,00

501 759,47

180 271,03

 

-    1. Raw materials.................

714 000,00

341 018,02

 

 

-    2. Semi-finished products and
work-in-progress......................

280 000,00

160 741,45

180 271,03

 

-  II. Short-term receivables.........

1 185 000,00

1 499 331,56

132 907,00

 

-    2. Other receivables ............

1 185 000,00

1 499 331,56

132 907,00

 

-      a) Due to deliveries and
services with payment period:.........

982 000,00

789 134,56

 

 

-        - up to 12 months............

 

789 134,56

 

 

-      b) Due to taxes, subsidies,
insurances, duties, etc...............

 

710 197,00

42 907,00

 

-      c) Other.......................

 

 

90 000,00

 

-  III. Short term investments........

179 000,00

746 731,72

321 193,92

50 000,00

-    1. Short-term financial assets...

179 000,00

746 731,72

321 193,92

50 000,00

-      c) cash and other liquid
assets................................

179 000,00

746 731,72

321 193,92

50 000,00

-        - cash in hand and on bank
account...............................

 

746 731,72

321 193,92

50 000,00

-IV. Short-term prepayments and
accrued income........................

123 000,00

15 769,16

 

 

-D. Total assets......................

7 472 000,00

3 110 385,99

646 371,95

50 000,00

-A. Shareholders' equity..............

1 609 000,00

510 148,88

41 875,45

50 000,00

-  I.   Basic share capital...........

 

50 000,00

50 000,00

50 000,00

-  VII. Profit (loss) carried forward.

 

-8 124,55

 

 

-  VIII. Net profit (loss)............

599 000,00

468 273,43

-8 124,55

 

-B. Liabilities and reserves for
liabilities...........................

5 863 000,00

2 600 237,11

604 496,50

0,00

-II.  Long-term liabilities...........

2 500 000,00

11,77

 

 

-  2. Other liabilities...............

2 500 000,00

11,77

 

 

-    a) Loans.........................

2 500 000,00

11,77

 

 

-III. Short-term liabilities..........

3 070 000,00

2 307 362,84

604 496,50

 

-  2. Other liabilities...............

 

2 307 362,84

604 496,50

 

-    a) Loans.........................

1 357 000,00

 

 

 

-    d)Due to deliveries and
services with payment period:.........

 

1 909 512,92

137 831,78

 

-      - up to 12 months..............

 

1 909 512,92

137 831,78

 

-    e) Advances received.............

897 000,00

122 400,00

465 464,72

 

-    g) Due to taxes, subsidies,
insurances, duties, etc...............

60 000,00

204 960,96

 

 

-    h) Due to salaries...............

181 000,00

70 488,96

 

 

-    i) Other.........................

 

 

1 200,00

 

-IV.  Accruals and deferred income....

293 000,00

292 862,50

 

 

-  2. Other accruals..................

 

292 862,50

 

 

-    - short-term.....................

 

292 862,50

 

 

-D. Total liabilities.................

7 472 000,00

3 110 385,99

646 371,95

50 000,00

 

 

 

 

 

Source of financial data

Subject

Subject

Court

 

 

F01

annual

annual

 

individual PROFIT AND LOSS ACCOUNT

-
01.01.2014-
31.12.2014
(PLN)

01.01.2013-
31.12.2013
(PLN)

01.01.2011-
31.12.2011
(PLN)

 

-A. Income from sales and similar.....

7 558 000,00

5 099 907,65

0,00

 

-  I.   Net income on sales...........

7 341 000,00

4 769 437,23

 

 

-  II.  Change in value of stock (
+, -).................................

 

-19 529,58

 

 

-  IV.  Income from sales of goods
and materials.........................

217 000,00

350 000,00

 

 

-B. Operational costs.................

6 742 000,00

4 534 534,25

 

 

-  I.   Depreciation..................

69 000,00

52 837,02

 

 

-  II.  Materials and energy..........

306 000,00

2 879 111,09

 

 

-  III. Third party services..........

515 000,00

1 030 205,65

 

 

-  IV.  Taxes and duties..............

36 000,00

8 566,00

 

 

-  V.   Salaries and wages............

1 764 000,00

342 565,81

 

 

-  VI.  Social security...............

347 000,00

72 414,71

 

 

-  VII. Other.........................

317 000,00

100 559,33

 

 

-  VIII.Costs of goods and materials
sold..................................

3 388 000,00

48 274,64

 

 

-C. Profit on sale....................

816 000,00

565 373,40

0,00

 

-D. Other operating incomes...........

34 000,00

2 375,66

0,00

 

-  I.   Incomes from disposal
non-financial assets..................

33 000,00

1 626,02

 

 

-  III. Other operating incomes.......

1 000,00

749,64

 

 

-E. Other operating costs.............

64 000,00

2,41

0,00

 

-  III. Other operating costs.........

64 000,00

2,41

 

 

-F. Profit on operating activities....

786 000,00

567 746,65

0,00

 

-G. Financial incomes.................

31 000,00

53 759,61

0,00

 

-  II.  Interest received.............

 

88,93

 

 

-  V.   Other.........................

31 000,00

53 670,68

 

 

-H. Financial costs...................

77 000,00

37 620,83

0,00

 

-  I.   Interest......................

56 000,00

179,02

 

 

-  IV.  Other.........................

21 000,00

37 441,81

 

 

-I. Profit on economic activity.......

740 000,00

583 885,43

0,00

 

-K. Gross profit......................

740 000,00

583 885,43

0,00

 

-L. Corporation tax...................

141 000,00

115 612,00

 

 

-  a) current part....................

141 000,00

 

 

 

-N. Net profit........................

599 000,00

468 273,43

0,00

 

Source of financial data

Court

 

 

 

 

annual

 

 

 

individual PROFIT AND LOSS ACCOUNT

01.01.2012-
31.12.2012
(PLN)

 

 

 

-A. Income from sales and similar.....

0,00

 

 

 

-B.Cost of products, goods sold.......

0,00

 

 

 

-C. Gross profit on sale..............

0,00

 

 

 

-E. General management costs..........

8 124,42

 

 

 

-F. Loss on sale......................

8 124,42

 

 

 

-H. Other operating costs.............

0,13

 

 

 

-  III. Other operating costs.........

0,13

 

 

 

-I. Loss on operating activities......

8 124,55

 

 

 

-L. Gross on economic activity........

8 124,55

 

 

 

-N. Gross loss........................

8 124,55

 

 

 

-R. Net loss..........................

8 124,55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratios

01.01.2014-
31.12.2014

01.01.2013-
31.12.2013

01.01.2012-
31.12.2012

 

 

Current ratio

0,81

1,20

1,05

 

 

Quick ratio

0,44

0,97

0,75

 

 

Immediate ratio

0,06

0,32

0,53

 

 

Return on sale

7,93

9,15

 

 

 

Return on assets

8,02

15,06

-1,26

 

 

Return on equity

37,23

91,79

-19,40

 

 

Average trade debtors' days

57,23

106,90

 

 

 

Average stock turnover's days

48,20

35,77

 

 

 

average payables payment period

148,26

164,51

 

 

 

Total indebtedness ratio

78,47

83,60

93,52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

While rating the company, it is advisable
to take into consideration information about the branch, the company is acting in

(C.28.29.Z - NACE 2007), as at :

30.09.2014

31.12.2013

31.12.2012

31.12.2011

31.12.2010

Current ratio............................

1,58

1,53

1,58

1,48

1,31

Quick ratio..............................

0,89

0,88

0,91

0,82

0,77

Immediate ratio..........................

0,22

0,25

0,22

0,14

0,13

Return on sale...........................

8,33

6,71

6,83

6,64

4,23

Return on assets.........................

9,01

10,29

10,99

9,80

4,90

Return on equity.........................

19,27

21,56

23,02

22,63

10,41

Average trade debtors' days..............

69,62

62,47

64,90

69,11

79,65

Average stock turnover's days............

67,78

63,42

60,95

67,13

66,00

average payables payment period..........

103,79

100,88

94,07

105,01

127,35

Total indebtedness ratio.................

53,26

52,28

52,25

56,70

52,97

Percent share in the examinated group
of companies with net profit.............

92,10

85,70

78,90

85,00

76,90

Sales/revenue per employee in th. PLN....

266,70

339,60

343,72

306,41

242,87

Average sales/revenue per company in
th. PLN..................................

34 748,13

45 021,77

38 053,82

35 711,80

30 928,94

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

according to the Central Statistical Office

 

Locations:

production works:
ul. Krakowska 17, 43-600 Jaworzno

correspondence address:
ul. Krakowska 17, 43-600 Jaworzno

 

Real Estate

No data
Verification of information on real estate ownership position through the Real Estate Register is not covered by the standard report.

 

 

 

Shares in other companies

As at 28.01.2015 there are no shares in other companies.

 

Connections:

Paweł Piotr Pietroń , personal ID no. (PESEL) 57070702279
-  PNEMA POLAND Sp. z o.o. NIP 6321802947, ul. Puszkina 2, 43-603 Jaworzno
  · shareholder: PLN 120 000,00 (40,00%)
-  FUNDACJA SADYBA, ul. Klimczoka 80, 43-360 Bystra Krakowska
  · member of supervisory board


Wiesław Kadula , personal ID no. (PESEL) 51070104154
-  PROINWEST Sp. z o.o. NIP 6321948119, ul. Górna 1, 43-603 Jaworzno
  · shareholder: PLN 25 500,00 (51,00%)
-  PPHU KADMAR Sp. z o.o. NIP PL 6321578295, ul. Katowicka 23A, 43-603 Jaworzno
  · shareholder: PLN 50 000,00 (75,19%)

 

 

Data concerning connections are valid as at: 28.01.2015.

 

 

General information

Court files of the said company at Register Court are at the moment unavailable. 
If we obtain any further information, we will send it in the.

Banks

RAIFFEISEN BANK POLSKA SA O. w Krakowie ul.Armii Krajowej 18  (17501048)
ul. Armii Krajowej 18, 30-150 Kraków
Acc.no. 73175010480000000020814195

 Powszechna Kasa Oszczędności Bank Polski SA
ul. Puławska 15, 02-515 Warszawa

 

 

 

Payment Manner

In available sources, payment delays have not been noted

Credit capability

Business connections appear permissible

 

We would like to draw your attention to:
- long period of liabilities repayment

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.25

UK Pound

1

Rs.95.57

Euro

1

Rs.71.01

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.