MIRA INFORM REPORT

 

 

Report No. :

304073

Report Date :

29.01.2015

 

IDENTIFICATION DETAILS

 

Name :

MOBI SP. Z O.O.

 

 

Registered Office :

ul. Skarbowców 23A, 53-025 Wrocław

 

 

Country :

Poland

 

 

Financials (as on) :

30.09.2014

 

 

Date of Incorporation :

18.12.1991

 

 

Com. Reg. No.:

KRS 49264

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         Engaged in Sale of smelting articles, color metals, plastic products and elements

·         Engaged as Manufacturer of plastic elements

·         Engaged in providing Steels, Non-Ferrous Metals and Plastics

·         Engaged in providing Marketing Consultancy Services

·         Engaged in providing raw materials of machining steel, stainless steel, acid - and heat-resistant steel, non-ferrous metals and construction plastic and thermoplastic elastomers

·         Subject also offer recycled plastic in the form of compounds, regranulates and regrind

 

 

No of Employees :

62 (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 – 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

 

 


Company name & address

 

MOBI Sp. z o.o.

ul. Skarbowców 23A

53-025 Wrocław

Phone:              71 3608400

Fax:                  71 3608430

E-mail:              info@mobi.com.pl

Website:           www.mobi.com.pl

 

 

Company summary

 

Legal form                    Limited Liability Company

Stat.no.                        931584500

Tax ID                           PL 8990108751

Establishment               18.12.1991

 

Changes of names and

Addresses                    ul. Karkonoska 8, 53-015 Wrocław

12.11.2007 ul. Skarbowców 23A, 53-025 Wrocław

 

Registration:                 03.10.2001, District Court Wrocław VI Department, KRS 49264

 

Data concerning previous registrations:

24.02.1992, District Court Wrocław, RHB 2809

 

Shareholders                 Krzysztof Cieśla , personal ID no. (PESEL)

57082201098, Kramstaweg 30, 14163 Berlin,                               PLN 1 008 000,00

Germany                                                                                               90,00%

 

Monika Erika Cieśla , Kramstaweg 30, 14163                               PLN 112 000,00

Berlin, Germany                                                                         10,00%

 

list entered to NCR /KRS/ on 02.12.2002

 

Initial Capital                                                                                                                 PLN 1 120 000,00

 

Initial capital divided into 350 shares of PLN

3 200,00 each

 

Management                 Krzysztof Cieśla , personal ID no. (PESEL) 57082201098, Kramstaweg 30,

14163 Berlin, Germany

- president

 

Proxies:

Janina Stanisława Chorążyczewska , personal ID no. (PESEL) 50012304825

 

Mariusz Cieśla , personal ID no. (PESEL) 78100203672, Kaiser-

Friedrichstr. 43/4, 10627 Berlin, Germany

 

Representation:

Each member of the board of directors is authorized to submit

statements of will and to sign on behalf of the company.

 

Main activity                

·         Engaged in Sale of smelting articles, color metals, plastic products and elements;

·         Engaged as Manufacturer of plastic elements

·         Engaged in providing Steels, Non-Ferrous Metals and Plastics

·         Engaged in providing Marketing Consultancy Services

·         Engaged in providing raw materials of machining steel, stainless steel, acid - and heat-resistant steel, non-ferrous metals and construction plastic and thermoplastic elastomers.

·         Subject also offer recycled plastic in the form of compounds, regranulates and regrind

 

Employment

2011: 60 employees

2012: 64 employees

2013: 62 employees

2014: 63 employees

2015: 62 employees

 

Turnover

2011 PLN 48 124 846,74

2012 PLN 48 470 101,33

2013 PLN 51 544 535,11

2014 PLN 54 000 000,00

2015 - expected value PLN 55 000 000,00

 

 

Financial statements

 

Source of financial data                                                     Subject                Subject                      Subject                        Subject

                                                                                             F01                      Annual                       Annual                         Annual
Personal balance sheet as at                                            30.09.2014          31.12.2013                         31.12.2012                  31.12.2011

                                                                                             (PLN)                  (PLN)                        (PLN)                           (PLN)

-A. Fixed assets......................                                            1 724 000,00       1 681 290,76              1 605 189,19                1 653 626,74
- II. Tangible assets...............                                                                         812 980,76                 658 789,19                   808 626,74
- 1. Fixed goods...................                                                                          812 980,76                 658 789,19                   808 626,74
- a) land........................                                                                                   453 375,00                 453 375,00                   453 375,00
- b) buildings, premises,
facilities...........................                                                                                21 005,91
- c) machinery and equipment.....                                                                 311 078,68                 15 011,43                     10 823,52
- d) fleet of motor vehicles.....                                                                       27 521,17                   163 420,54                   238 971,37
- e) other fixed goods...........                                                                                                            26 982,22                     105 456,85
- IV. Long term investments.........                             796 000,00                          868 310,00         946 400,00                   845 000,00
- 3. Long term financial assets....                                                                  868 310,00                 946 400,00                   845 000,00
- a) in affiliated companies.....                                                                       868 310,00                 946 400,00                   845 000,00
- - granted loans..............                                                                                                                                                      845 000,00
- - other long-term financial
assets................................                                                                              868 310,00                 946 400,00
-B. Current assets....................                                  12 251 000,00             9 839 278,55              8 972 503,58                8 834 146,05
- I. Stock.........................                                             3 197 000,00               2 782 728,07              1 675 727,53                2 619 931,96
- 1. Raw materials.................                                      37 000,00 41               181,56 45                   406,28                          111 793,64
- 4. Goods for re-sale.............                                   2 981 000,00               2 665 359,17             1 619 649,92                2 482 086,49
- 5. Advance payments .............                                                                    76 187,34                   10 671,33                     26 051,83
- II. Short-term receivables.........                               7 042 000,00               4 979 188,86              4 825 369,08                4 833 147,06
- 2. Other receivables ............                                   7 042 000,00               4 979 188,86              4 825 369,08                4 833 147,06
- a) Due to deliveries and
services with payment period:......                           6 222 000,00               4 233 551,44              3 930 488,14                4 424 270,06
- - up to 12 months............                                                                             4 233 551,44              3 930 488,14                4 424 270,06
- b) Due to taxes, subsidies,
insurances, duties, etc.........                                     433 000,00                          176 243,84         118 889,84                   23 418,35
- c) Other.......................                                                                                  554 947,09                 570 090,87                   385 458,65
- d) Received through judicial
proceedings...........................                                                                        14 446,49 2                05 900,23
- III. Short term investments........                              1 792 000,00               1 920 732,47              2 316 962,79                1 247 368,08
- 1. Short-term financial assets...                              1 792 000,00               1 920 732,47              2 316 962,79               1 247 368,08
- c) cash and other liquid
assets................................                                          1 792 000,00               1 920 732,47              2 316 962,79                1 247 368,08
- - cash in hand and on bank
account.............................                                                                              1 920 732,47              2 316 962,79                1 247 368,08
-IV. Short-term prepayments and
accrued income....................                                     220 000,00                          156 629,15         154 444,18                   133 698,95
-D. Total assets......................                                    13 975 000,00             11 520 569,31            10 577 692,77              10 487 772,79
-A. Shareholders' equity..............                              2 385 000,00               1 694 261,06              1 655 211,62                1 095 901,16
- I. Basic share capital...........                                                                        1 120 000,00              1 120 000,00                1 120 000,00
- IV. Statutory reserve capital.....                                                                   3 85 139,42                2 157 425,50                2 157 425,50
- V. Revaluation reserve.............                                                                                                      4 492,02                       4 492,02
- VII. Profit (loss) carried forward.                                                                                                   -2 170 036,46              -2 327 330,09
- VIII. Net profit (loss)............                                    628 000,00                          189 121,64         543 330,56                   141 313,73
-B. Liabilities and reserves for
liabilities...........................                                           11 590 000,00             9 826 308,25              8 922 481,15                9 391 871,63
-II. Long-term liabilities...........                                   204 000,00                          131 499,85         158 535,66                   183 904,06
- 2. Other liabilities...............                                                                          131 499,85                 158 535,66                   183 904,06
- c) Other financial liabilities...                                                                      131 499,85                 158 535,66                   183 904,06
-III. Short-term liabilities..........                                  11 386 000,00             9 694 808,40              8 763 945,49                9 207 967,57
- 2. Other liabilities...............                                                                          9 580 263,93              8 659 376,22                9 129 014,01
- c) Other financial liabilities...                                                                      89 659,44                                                       90 599,30
- d)Due to deliveries and
services with payment period:.........                                                             8 934 961,24              7 835 150,03                8 537 896,76
- - up to 12 months..............                                                                           8 934 961,24              7 835 150,03                8 537 896,76
- e) Advances received.............                                         1 438 000,00       352 099,21                 496 985,15                   244 229,85

                                                  

- g) Due to taxes, subsidies,

insurances, duties, etc............                                                              189 000,00              179 872,10              310 815,44              248 954,49

- i) Other.........................                                                                                        23 671,94                16 425,60                7 333,61

- 3. Special funds...................                                                                                               114 544,47              104 569,27              78 953,56

-D. Total liabilities.................                                               13 975 000,00         11 520 569,31         10 577 692,77        10 487 772,79

 

 

Source of financial data                                                      Subject                   Subject                   Subject                   Subject

F01 annual annual annual

individual PROFIT AND LOSS ACCOUNT                        01.01.2014-             01.01.2013-             01.01.2012-             01.01.2011-            

30.09.2014              31.12.2013              31.12.2012              31.12.2011

(PLN)                      (PLN)                      (PLN)                      (PLN)                     

-A. Income from sales and similar.....                                                42 056 000,00         51 544 535,11         48 470 101,33         48 124 846,74

- I. Net income on sales...........                                             9 000,00                  3 946,23                  21 190,06                33 459,29

- IV. Income from sales of goods

and materials.........................                                                                42 047 000,00         51 540 588,88         48 448 911,27         48 091 387,45

-B. Operational costs.................                                          41 266 000,00         51 160 320,50         48 392 460,70         47 553 578,94

- I. Depreciation..................                                                   151 000,00              125 486,03              128 688,49              118 633,66

- II. Materials and energy..........                                            378 000,00              474 001,84              437 463,12              437 539,19

- III. Third party services..........                                            3 822 000,00           5 012 195,27           4 586 283,28          4 664 993,47

- IV. Taxes and duties..............                                             49 000,00                62 515,34 66           588,13                     67 019,31

- V. Salaries and wages............                                            3 990 000,00          4 685 934,51            4 287 219,81          3 789 182,25

- VI. Social security...............                                                                726 000,00              863 054,34              802 051,35             681 975,07

- VII. Other.........................                                                     356 000,00              509 722,67              392 310,31             428 914,41

- VIII.Costs of goods and materials    

sold..................................                                                      31 794 000,00         39 427 410,50         37 691 856,21         37 365 321,58

-C. Profit on sale....................                                               790 000,00              384 214,61              77 640,63                571 267,80

-D. Other operating incomes...........                                   290 000,00              427 505,27              157 489,85              382 551,57

- I. Incomes from disposal

non-financial assets..................                                           113 000,00              9 756,10                  26 142,28

- III. Other operating incomes.......                                       177 000,00              417 749,17              131 347,57              382 551,57

-E. Other operating costs.............                                       122 000,00              450 607,12              167 955,00              130 962,62

- III. Other operating costs.........                                          122 000,00              450 607,12              167 955,00              130 962,62

-F. Profit on operating activities....                                    958 000,00              361 112,76              67 175,48                822 856,75

-G. Financial incomes.................                                         5 000,00 88             908,49                     531 555,72              59 608,70

- II. Interest received.............                                                                5 000,00 88             908,49                     118 859,05              59 608,70

- - including related companies....                                                                                                      101 400,00

- V. Other.........................                                                                                                                       412 696,67

-H. Financial costs...................                                            141 000,00              115 932,61              32 222,64                741 151,72

- I. Interest......................                                                        8 000,00                  27 653,28                16 650,50                31 905,06

- IV. Other.........................                                                      133 000,00              88 279,33                15 572,14                709 246,66

-I. Profit on economic activity.......                                     822 000,00              334 088,64              566 508,56              141 313,73

-K. Gross profit......................                                               822 000,00              334 088,64              566 508,56              141 313,73

-L. Corporation tax...................                                            194 000,00              144 967,00              23 178,00

- a) current part....................                                                  194 000,00

-N. Net profit........................                                                                 628 000,00              189 121,64              543 330,56              141 313,73

 

 

Ratios                                      01.01.2014-                   01.01.2013        01.01.2012        01.01.2011

30.09.2014                    31.12.2013        31.12.2012        31.12.2011

Current ratio                              1,08                              1,01                  1,02                  0,96

Quick ratio                                0,78                              0,71                  0,81                  0,66

Immediate ratio                                     0,16                              0,20                  0,26                  0,14

Return on sale                           1,49                              0,37                 1,12                  0,29

Return on assets                       4,49                              1,64                  5,14                  1,35

Return on equity                        26,33                            11,16                32,83                12,89

Average trade debtors' days      45,71                            35,26                36,44                36,66

Average stock turnover's days   20,75                            19,71                12,65                19,87

average payables payment period 73,91                         68,65                66,18                69,84

Total indebtedness ratio            82,93                            85,29                84,35                89,55

 

While rating the company, it is advisable

to take into consideration information about the branch, the company is acting in

(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

of companies with net profit.............     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

th. PLN..................................               124 626,61        219 863,81        183 450,40        218 153,02 175 040,02

 

 

according to the Central Statistical Office

 

Locations:                                             seat:

ul. Skarbowców 23A, 53-025 Wrocław

Phone: 71 3608400

Fax: 71 3608430

E-mail: info@mobi.com.pl

Website: www.mobi.com.pl

 

Real Estate                                           55-311 Kostomłoty

lands of area 39 551 sq.m.

 

ul. Miłoszycka 69, 51-502 Wrocław

plot of area 14 089 sq.m. (Land and Mortgage

Register 11417)

 

Book value of buildings as at 31.12.2013            PLN 21 005,91

Book value of lands as at 31.12.2013                 PLN 453 375,00

 

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 31.12.2014 there are no shares in other companies.

 

Connections:                                         Krzysztof Cieśla Connections have not been determined due

to no possibility of identification of the persons or

subjects which appear in the company.

 

Mariusz Cieśla Connections have not been determined due

to no possibility of identification of the persons or

subjects which appear in the company.

 

Monika Erika Cieśla

Connections have not been determined due to no possibility

of identification of the persons or subjects which appear

in the company.

 

Data concerning connections are valid as at: 31.12.2014.

 

Certificates:                                          ISO 9001:2000

 

Banks                                                   Bank BPH SA Centrum Rozliczeniowe (10600076)

al. Pokoju 1, 31-548 Kraków

Acc.no. 12106000760000321000147798

 

RAIFFEISEN BANK POLSKA SA O. we Wrocławiu ul.Powstańców Śląskich 7A (17501064)

ul. Powstańców Śląskich 7A, 53-332 Wrocław

Acc.no. 83175010640000000001074008

Payment Manner                                               In available sources, payment delays have not been noted

 

Credit capability                                                Business connections appear permissible

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.41

UK Pound

1

Rs.93.18

Euro

1

Rs.69.82

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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.