|
Report No. : |
301844 |
|
Report Date : |
10.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ASKO-TECH SP. Z O.O. |
|
|
|
|
Formerly Known As : |
PPHU ASKO-TECH SP. Z O.O |
|
|
|
|
Registered Office : |
Ul. Szczawiowa 57A, 70-010 Szczecin |
|
|
|
|
Country : |
Poland |
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Financials (as on) : |
30.09.2014 |
|
|
|
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Date of Incorporation : |
06.01.1992 |
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|
|
|
Legal Form : |
Limited Liability company |
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|
|
|
Line of Business : |
Wholesale of Metals and Metal Ores, Transport services. |
|
|
|
|
No. of Employees : |
22 Employees |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
|
ASKO-TECH SP. Z O.O. |
|
Ul. Szczawiowa 57A |
|
Phone: 91 4851050 |
|
Fax:
91 4823282 |
|
E-mail: szczecin@askotech.com.pl |
|
Legal form |
Limited liability company |
|
Stat.no. |
810037507 |
|
Tax ID |
PL 8510208318 |
|
Establishment |
06.01.1992 |
|
Changes of names and addresses |
06.01.1992 PPHU
ASKO-TECH Sp. z o.o. |
|
|
12.12.1997
ASKO-TECH Sp. z o.o. |
|
|
30.08.2002 ul. Szczawiowa 57A, 70-010
Szczecin |
|
Registration: |
30.08.2001,
District Court Szczecin, XIII Department, KRS 38870 |
|
Shareholders |
Tadeusz Kozak , personal ID no. (PESEL) 56121902099, ul. 5 Lipca
32A/4, 70-376 Szczecin |
PLN |
26 000,00 |
|
|
|
|
|
|
|
Jarosław Jerzy Baran , personal ID no. (PESEL) 65081802332, ul.
Falskiego 29/2, 70-733 Szczecin |
PLN |
13 000,00 |
|
|
|
|
|
|
|
ASKO-TECH Sp. z o.o., ul. Szczawiowa 57A, 70-010 Szczecin |
PLN |
10 000,00 |
|
|
|
|
|
|
|
other shareholders |
PLN |
3 000,00 |
|
|
list entered to NCR /KRS/ on 21.06.2013 |
|
|
|
|
|
|
|
|
Initial Capital |
|
PLN 52 000,00 |
|
|
Initial capital divided into 52 shares of PLN 1 000,00 each |
|
|
|
Changes of initial capital |
|
|
|
- since 06.01.1992 until 06.07.2004 the capital estimated |
PLN 20 000,00 |
|
Management |
Alicja Kozak , personal ID no. (PESEL)
59022007883, ul. 5-go Lipca 32A/4, 70-376 Szczecin |
|
|
Proxies: |
|
|
Representation: |
|
Main activity |
Wholesale of metals and metal ores; Transport services |
|
|
|
Branches NACE 2007: |
|
|
|
Other wholesale |
(G.46.72.Z) |
|
|
Other transportation activities |
(H.49.41.Z) |
|
Employment |
2009:
15 employees |
|
Turnover |
2010 |
PLN |
21 565 626,41 |
|
|
2011 |
PLN |
24 143 350,20 |
|
|
2012 |
PLN |
23 936 514,07 |
|
|
2013 |
PLN |
22 754 822,21 |
|
|
01.01.2014 - 30.09.2014 |
PLN |
18 344 000,00 |
|
Source of financial data |
Subject |
Court |
Court |
Monitor Polski B |
|
|
F01 |
annual |
annual |
annual |
|
Personal balance sheet as at |
30.09.2014 |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
-A. Fixed assets...................... |
4 751 000,00 |
5 234 004,07 |
5 360 595,41 |
5 327 312,36 |
|
- II. Tangible assets............... |
|
5 178 513,07 |
5 348 335,41 |
5 248 656,36 |
|
- 1. Fixed goods................... |
|
5 178 513,07 |
5 348 335,41 |
5 248 656,36 |
|
- a) land........................ |
|
212 739,66 |
216 856,98 |
220 974,30 |
|
- b) buildings, premises, |
|
3 584 715,53 |
3 692 745,17 |
3 791 235,24 |
|
- c) machinery and equipment..... |
|
797 835,44 |
963 105,44 |
1 170 199,15 |
|
- d) fleet of motor vehicles..... |
|
583 222,44 |
475 627,82 |
66 247,67 |
|
-V. Long-term prepayments and |
|
55 491,00 |
12 260,00 |
78 656,00 |
|
- 1. Deferred tax assets............. |
|
55 491,00 |
12 260,00 |
78 656,00 |
|
-B. Current assets.................... |
9 084 000,00 |
8 600 271,16 |
8 794 989,72 |
10 598 790,74 |
|
- I. Stock......................... |
6 149 000,00 |
5 968 288,39 |
6 744 298,30 |
8 235 885,62 |
|
- 4. Goods for re-sale............. |
6 149 000,00 |
5 968 288,39 |
6 744 298,30 |
8 235 885,62 |
|
- II. Short-term receivables......... |
2 636 000,00 |
2 066 845,33 |
1 789 505,54 |
1 883 051,73 |
|
- 2. Other receivables ............ |
2 636 000,00 |
2 066 845,33 |
1 789 505,54 |
1 883 051,73 |
|
- a) Due to deliveries and |
2 422 000,00 |
1 969 028,24 |
1 735 744,87 |
1 809 915,27 |
|
- - up to 12
months............ |
|
1 969 028,24 |
1 735 744,87 |
1 809 915,27 |
|
- b) Due to taxes, subsidies, |
135 000,00 |
14 171,48 |
12 556,49 |
37 341,79 |
|
- c) Other....................... |
|
83 645,61 |
41 204,18 |
35 794,67 |
|
- III. Short term investments........ |
249 000,00 |
536 562,70 |
232 853,37 |
459 388,89 |
|
- 1. Short-term financial assets... |
249 000,00 |
536 562,70 |
232 853,37 |
459 388,89 |
|
- a) in affiliated companies..... |
|
100 000,00 |
100 000,00 |
100 000,00 |
|
- - granted
loans.............. |
|
100 000,00 |
100 000,00 |
100 000,00 |
|
- c) cash and other liquid |
149 000,00 |
436 562,70 |
132 853,37 |
359 388,89 |
|
- - cash in hand and on bank |
|
436 562,70 |
132 853,37 |
359 388,89 |
|
-IV. Short-term prepayments and |
50 000,00 |
28 574,74 |
28 332,51 |
20 464,50 |
|
-D. Total assets...................... |
13 835 000,00 |
13 834 275,23 |
14 155 585,13 |
15 926 103,10 |
|
-A. Shareholders' equity.............. |
8 447 000,00 |
7 981 278,72 |
8 992 189,94 |
8 967 845,56 |
|
- I. Basic share capital........... |
|
52 000,00 |
52 000,00 |
52 000,00 |
|
- III. Share premium capital......... |
|
-600 000,00 |
|
|
|
- IV. Statutory reserve capital..... |
|
6 983 718,14 |
6 967 245,88 |
6 967 245,88 |
|
- VII. Profit (loss) carried forward. |
|
1 448 933,68 |
1 448 599,68 |
1 179 242,83 |
|
- VIII. Net profit (loss)............ |
466 000,00 |
96 626,90 |
524 344,38 |
769 356,85 |
|
-B. Liabilities and reserves for |
5 388 000,00 |
5 852 996,51 |
5 163 395,19 |
6 958 257,54 |
|
-II. Long-term liabilities........... |
349 000,00 |
611 761,38 |
761 815,44 |
1 386 077,71 |
|
- 2. Other liabilities............... |
349 000,00 |
611 761,38 |
761 815,44 |
1 386 077,71 |
|
- a) Loans......................... |
54 000,00 |
152 022,34 |
401 841,30 |
1 386 077,71 |
|
- d) Other......................... |
|
459 739,04 |
359 974,14 |
|
|
-III. Short-term liabilities.......... |
4 997 000,00 |
5 220 298,82 |
4 397 808,57 |
5 555 419,46 |
|
- 2. Other liabilities............... |
|
5 220 298,82 |
4 397 808,57 |
5 555 419,46 |
|
- a) Loans......................... |
2 145 000,00 |
2 218 161,98 |
2 614 810,74 |
2 416 926,64 |
|
- c) Other financial liabilities... |
|
600 000,00 |
|
|
|
- d)Due to deliveries and |
1 983 000,00 |
2 116 376,48 |
1 516 644,26 |
3 070 470,54 |
|
- - up to 12 months.............. |
|
2 116 376,48 |
1 516 644,26 |
3 070 470,54 |
|
- g) Due to taxes, subsidies, |
249 000,00 |
280 939,18 |
262 250,44 |
62 226,24 |
|
- h) Due to salaries............... |
|
3 342,36 |
1 554,57 |
3 288,09 |
|
- i) Other......................... |
|
1 478,82 |
2 548,56 |
2 507,95 |
|
-IV. Accruals and deferred income.... |
42 000,00 |
20 936,31 |
3 771,18 |
16 760,37 |
|
- 2. Other accruals.................. |
|
20 936,31 |
3 771,18 |
16 760,37 |
|
- - short-term..................... |
|
20 936,31 |
3 771,18 |
16 760,37 |
|
-D. Total liabilities................. |
13 835 000,00 |
13 834 275,23 |
14 155 585,13 |
15 926 103,10 |
|
|
|
|
|
|
|
Source of financial data |
Subject |
Court |
Court |
Monitor Polski B |
|
|
F01 |
annual |
annual |
annual |
|
individual PROFIT AND LOSS ACCOUNT |
- |
01.01.2013- |
01.01.2012- |
01.01.2011- |
|
-A. Income from sales and similar..... |
18 344 000,00 |
22 754 822,21 |
23 936 514,07 |
24 143 350,20 |
|
- I. Net income on sales........... |
995 000,00 |
1 685 829,82 |
1 885 907,58 |
1 598 133,71 |
|
- IV. Income from sales of goods |
17 349 000,00 |
21 068 992,39 |
22 050 606,49 |
22 545 216,49 |
|
-B. Operational costs................. |
17 619 000,00 |
22 173 812,46 |
23 063 280,72 |
22 528 543,34 |
|
- I. Depreciation.................. |
456 000,00 |
536 042,46 |
482 192,40 |
423 283,64 |
|
- II. Materials and energy.......... |
426 000,00 |
542 727,65 |
576 296,43 |
527 615,36 |
|
- III. Third party services.......... |
2 017 000,00 |
2 635 459,46 |
2 644 472,33 |
2 600 174,46 |
|
- IV. Taxes and duties.............. |
124 000,00 |
101 495,05 |
95 593,65 |
65 761,16 |
|
- V. Salaries and wages............ |
758 000,00 |
1 036 243,02 |
1 149 289,95 |
943 408,74 |
|
- VI. Social security............... |
183 000,00 |
225 889,98 |
237 440,04 |
189 559,40 |
|
- VII. Other......................... |
235 000,00 |
275 036,85 |
305 233,35 |
352 656,86 |
|
- VIII.Costs of goods and materials |
13 420 000,00 |
16 820 917,99 |
17 572 762,57 |
17 426 083,72 |
|
-C. Profit on sale.................... |
725 000,00 |
581 009,75 |
873 233,35 |
1 614 806,86 |
|
-D. Other operating incomes........... |
303 000,00 |
103 723,21 |
225 158,01 |
162 013,47 |
|
- I. Incomes from disposal |
|
|
3 172,44 |
|
|
- III. Other operating incomes....... |
303 000,00 |
103 723,21 |
221 985,57 |
162 013,47 |
|
-E. Other operating costs............. |
283 000,00 |
144 406,50 |
463 224,03 |
336 118,38 |
|
- II. Goodwill revaluation.......... |
148 000,00 |
82 789,09 |
|
|
|
- III. Other operating costs......... |
135 000,00 |
61 617,41 |
463 224,03 |
336 118,38 |
|
-F. Profit on operating activities.... |
745 000,00 |
540 326,46 |
635 167,33 |
1 440 701,95 |
|
-G. Financial incomes................. |
337 000,00 |
58 062,98 |
353 198,31 |
343 194,59 |
|
- II. Interest received............. |
25 000,00 |
7 428,61 |
14 266,14 |
3 158,29 |
|
- V. Other......................... |
312 000,00 |
50 634,37 |
338 932,17 |
340 036,30 |
|
-H. Financial costs................... |
453 000,00 |
462 596,54 |
321 903,26 |
825 200,69 |
|
- I. Interest...................... |
45 000,00 |
132 431,66 |
222 861,99 |
210 372,82 |
|
- IV. Other......................... |
408 000,00 |
330 164,88 |
99 041,27 |
614 827,87 |
|
-I. Profit on economic activity....... |
629 000,00 |
135 792,90 |
666 462,38 |
958 695,85 |
|
-K. Gross profit...................... |
629 000,00 |
135 792,90 |
666 462,38 |
958 695,85 |
|
-L. Corporation tax................... |
163 000,00 |
82 397,00 |
75 722,00 |
226 077,00 |
|
- a) current part.................... |
108 000,00 |
|
|
|
|
- b) deferred part................... |
55 000,00 |
|
|
|
|
-M. Other statutory charges........... |
|
-43 231,00 |
66 396,00 |
-36 738,00 |
|
-N. Net profit........................ |
466 000,00 |
96 626,90 |
524 344,38 |
769 356,85 |
|
AUDITOR |
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Ratios |
01.01.2014- |
01.01.2013- |
01.01.2012- |
01.01.2011- |
|
Current ratio |
1,82 |
1,65 |
2,00 |
1,91 |
|
Quick ratio |
0,58 |
0,50 |
0,46 |
0,42 |
|
Immediate ratio |
0,03 |
0,08 |
0,03 |
0,06 |
|
Return on sale |
2,54 |
0,42 |
2,19 |
3,19 |
|
Return on assets |
3,37 |
0,70 |
3,70 |
4,83 |
|
Return on equity |
5,52 |
1,21 |
5,83 |
8,58 |
|
Average trade debtors' days |
39,23 |
33,15 |
27,36 |
28,47 |
|
Average stock turnover's days |
91,51 |
95,73 |
103,12 |
124,51 |
|
average payables payment period |
74,37 |
83,74 |
67,24 |
83,99 |
|
Total indebtedness ratio |
38,94 |
42,31 |
36,48 |
43,69 |
|
While rating the
company, it is advisable |
|||||
|
(G.46.72.Z - NACE 2007), as at : |
30.06.2014 |
31.12.2013 |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Current ratio............................ |
1,41 |
1,15 |
1,37 |
1,34 |
1,23 |
|
Quick ratio.............................. |
0,73 |
0,58 |
0,71 |
0,77 |
0,73 |
|
Immediate ratio.......................... |
0,06 |
0,03 |
0,04 |
0,04 |
0,04 |
|
Return on sale........................... |
2,58 |
0,81 |
-0,18 |
0,99 |
1,87 |
|
Return on assets......................... |
2,65 |
1,60 |
-0,36 |
2,22 |
2,89 |
|
Return on equity......................... |
7,99 |
4,48 |
-1,25 |
6,30 |
6,99 |
|
Average trade debtors' days.............. |
50,33 |
49,15 |
50,75 |
56,32 |
72,05 |
|
Average stock turnover's days............ |
55,47 |
56,58 |
53,29 |
45,82 |
54,39 |
|
average payables payment period.......... |
82,20 |
99,07 |
81,11 |
81,10 |
109,55 |
|
Total indebtedness ratio................. |
66,82 |
64,30 |
70,88 |
64,74 |
58,63 |
|
Percent share in the examinated group |
82,90 |
71,40 |
57,40 |
82,20 |
76,10 |
|
Sales/revenue per employee in th. PLN.... |
1 011,22 |
1 780,62 |
1 643,88 |
1 927,15 |
1 301,41 |
|
Average sales/revenue per company in |
124 626,61 |
219 863,81 |
183 450,40 |
218 153,02 |
175 040,02 |
|
according to the Central Statistical Office |
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Locations: |
seat: |
|
|
|
|
Real Estate |
ul. Szczawiowa 57A, 70-010 Szczecin |
|
|
|
|
Book value of buildings as at 31.12.2013 |
PLN |
3 584 715,53 |
|
|
Book value of lands as at 31.12.2013 |
PLN |
212 739,66 |
|
|
Verification of information on real estate ownership position through
the Real Estate Register is not covered by the standard report. |
|
|
|
Means of transport |
Car fleet - status as at 01.12.2009 : |
|
|
|
|
|
Shares in other companies |
As at 17.12.2014 there are no shares in
other companies. |
|
|
|
|
|
|
|
||
|
Connections: |
As at 17.12.2014 there are no relations. |
|
|
Certificates: |
Authorised Economic Operator |
|
General information |
If we obtain any further information, we will send it in the. |
|
Banks |
Bank Millennium SA Millennium - Centrum
Rozliczeniowe (11602202) |
|
Payment Manner |
According to available sources, pays to terms |
(25) |
|
Credit capability |
Business connections appear permissible |
(32) |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.96.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.