|
Report No. : |
312138 |
|
Report Date : |
16.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
FIS D.O.O. VITEZ |
|
|
|
|
Registered Office : |
Poslovni Centar 96, BA 72250 Vitez |
|
|
|
|
Country : |
Bosnia and Herzegovina |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
1992 |
|
|
|
|
Com. Reg. No.: |
51-01-0270-08 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Non-specialized wholesale trade · Other retail sale in non-specialized stores · Retail sale of electrical household appliances in specialized stores · Retail sale of clothing in specialized stores · Wholesale of clothing and footwear · Wholesale of furniture, carpets and lighting equipment · Agents involved in the sale of furniture, household goods, hardware and ironmongery · Whole- and retail trade with groceries · Trade with furniture, lightning and other household equipment, textiles, paints and varnishes · Production of stockings and textile products |
|
|
|
|
No. of Employees : |
2598 [2014] |
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 : |
Slow but correct |
|
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) |
|
Bosnia and Herzegovina |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BOSNIA AND
HERZEGOVINA - ECONOMIC OVERVIEW
Bosnia has a transitional
economy with limited market reforms. The economy relies heavily on the export of
metals, energy, textiles and furniture as well as on remittances and foreign
aid. A highly decentralized government hampers economic policy coordination and
reform, while excessive bureaucracy and a segmented market discourage foreign
investment. The interethnic warfare in Bosnia and Herzegovina caused production
to plummet by 80% from 1992 to 1995 and unemployment to soar. With an uneasy
peace in place, output recovered in 1996-99 but slowed in 2000-02 and picked up
again during 2003-08, when GDP growth exceeded 5% per year. However, the
country declined in 2009 reflecting local effects of the global economic
crisis. GDP growth contracted again in 2012, but posted a small gain in 2013.
Foreign banks, primarily from Austria and Italy, now control most of the
banking sector. The konvertibilna marka (convertible mark or BAM) - the
national currency introduced in 1998 - is pegged to the euro, and confidence in
the currency and the banking sector has remained stable. Bosnia's private
sector is growing slowly, but foreign investment has dropped sharply since
2007. Government spending - including transfer payments - remains high, at
roughly 40% of GDP, because of redundant government offices at the state,
entity and municipal level. Privatization of state enterprises has been slow,
particularly in the Federation, where political division between
ethnically-based political parties makes agreement on economic policy more
difficult. High unemployment remains the most serious macroeconomic problem.
Successful implementation of a value-added tax in 2006 provided a steady source
of revenue for the government and helped rein in gray-market activity.
National-level statistics have also improved over time but a large share of
economic activity remains unofficial and unrecorded. Bosnia and Herzegovina
became a full member of the Central European Free Trade Agreement in September
2007. Bosnia and Herzegovina's top economic priorities are: acceleration of
integration into the EU; strengthening the fiscal system; public administration
reform; World Trade Organization (WTO) membership; and securing economic growth
by fostering a dynamic, competitive private sector. In 2009, Bosnia and
Herzegovina was granted an International Monetary Fund (IMF) stand-by
arrangement, necessitated by sharply increased social spending and a fiscal
crisis exacerbated by the global economic downturn. Disbursement of IMF aid was
suspended in 2011 after a parliamentary deadlock left Bosnia without a
state-level government for over a year. The IMF concluded a new stand-by
arrangement with Bosnia in October 2012 which aims to improve national policy
coordination, continue fiscal contraction, improve crisis preparedness, and
create an environment conducive to private sector development.
|
Source
: CIA |
|
FIS D.O.O. VITEZ |
Phone |
+387 30/715300, 715900 |
|
Poslovni Centar 96 |
Fax |
+387 30/715999 |
|
BA 72250 Vitez |
E-Mail |
|
|
|
Web |
|
Statistic number |
4236020240006 |
|
|
|
Short name |
FIS d.o.o. Vitez |
VAT number |
236020240006 |
|
Company status |
active |
|
|
Legal form limited liability company
Established 1992
Registered 1992-12-24, Cantonal court Travnik, Reg. number: 51-01-0270-08
last court entry: 2015.02.09
old statistic number: 20051841
VAT number: 236020240006
Statistic number: 4236020240006
In year 2009 the company FIS-IZGRADNJA d.o.o. Vitez was affiliated to the company FIS d.o.o. Vitez
Establishers Pero Gudelj 100,00%
Krčevine b.b., 72250 Vitez, Bosnia & Hercegovina
Basic capital KM 49.442.527,00
Capital changes:
Until 2002: KM 1.434.418,00
Until 2004: KM 15.963.550,00
Until 2006: KM 24.944.754,00
Until 2008: KM 25.161.754,00
Until 2009: KM 27.313.167,00
Until 2015: KM 49.440.527,00
Management Pero Gudelj, general manager
Bosnia &
Hercegovina
Snežana Gudelj, president
Bosnia & Hercegovina
Snježana Dragić, member
Bosnia & Hercegovina
Tomislav Tibold, member
Bosnia & Hercegovina
Zoran Maros, member
Bosnia & Hercegovina
Activity Non-specialised
wholesale trade
Other retail sale in non-specialised stores
Retail sale of electrical household
appliances in specialised stores
Retail sale of clothing in specialised stores
Wholesale of clothing and footwear
Wholesale of furniture, carpets and lighting
equipment
Agents involved in the sale of furniture,
household goods, hardware and ironmongery
Whole- and retail trade with groceries
Trade with furniture, lightning and other
household equipment, textiles, paints and varnishes
Production of stockings and textile products
Legal site and business premises (total of
180.000 m2) are located at the above address
Shopping centres at:
- Branilaca grada bb, 75320 Gračanica
- Dr Irfana Ljubljankića, 77000
Bihać
- Ostrožac bb, 77220 Cazin
- Sultan Ahmedova bb, 70230 Bugojno
- Bulevar VII Korpusa bb, 79260 Sanski Most
- Pavlovića put bb, 76300 Bijeljinja
- Malezijski put bb, 76100 Brčko
Distrikt
- Goliješnica bb, 72230 Žepče
- Splitska bb, 80101 Livno
- Majdanpečka bb, 78240 Čelinac
- Halilovići 7, 71000 Sarajevo
Other business premises at:
- Babanovac bb, 72270 Travnik
- Sarajevska bb, 77000 Bihać
- Mihaljevac bb, 77220 Cazin
Basic activity code (according to NACE
Rev.2):
Non-specialised wholesale trade (46.90)
Staff 2010
2196 employees
2011 2184 employees
2012 2290 employees
2013 2547 employees
2014 2598 employees
Total revenue 2010
KM 191.243.220
2011 KM
201.194.463
2012 KM 223.263.000
2013 KM 251.054.000
01-06.2014 KM 123.083.000
Real estate the company owns real estates
Book value of land 2014-06-30: KM 21.049.338,00
Book value of buildings 2014-06-30: KM 89.427.678,00
-information about eventual mortgage existance not available
-insight into
real estate register not possible
|
Assets |
Currency: KM ( x
1.000 ) |
2014.06.30 |
2013.12.31 |
2012.12.31 |
|
|
FIXED ASSETS |
140.099 |
140.039 |
131.548 |
|
|
Intangible assets |
277 |
146 |
40 |
|
|
Tangible assets |
137.385 |
137.468 |
129.070 |
|
|
- land and woods |
21.049 |
21.048 |
17.886 |
|
|
- buildings |
89.428 |
88.121 |
77.727 |
|
|
- plants and machinery |
21.496 |
22.133 |
19.588 |
|
|
- advance payments for tang. assets |
5.157 |
5.908 |
13.620 |
|
|
- other tangible assets |
255 |
258 |
249 |
|
|
Long term financ. assets |
2.428 |
2.416 |
2.429 |
|
|
Long term receivables |
9 |
9 |
9 |
|
|
CURRENT ASSETS |
99.712 |
86.496 |
83.930 |
|
|
Inventories |
83.926 |
71.669 |
69.563 |
|
|
Short term receivables |
12.660 |
11.865 |
11.719 |
|
|
Short term financial assets |
284 |
355 |
535 |
|
|
Cash at bank and in hand |
2.842 |
2.607 |
2.113 |
|
|
ACCRUALS |
124 |
76 |
76 |
|
|
TOTAL ASSETS |
239.935 |
226.611 |
215.554 |
|
|
|
|
|
|
|
Liabilities |
Currency: KM ( x
1.000 ) |
2014.06.30 |
2013.12.31 |
2012.12.31 |
|
|
EQUITY |
106.442 |
110.436 |
97.560 |
|
|
Subscribed capital |
49.441 |
49.441 |
49.441 |
|
|
Profit brought forward |
57.001 |
60.995 |
48.119 |
|
|
PROVISIONS |
303 |
251 |
254 |
|
|
LONG TERM LIABILITIES |
36.416 |
40.187 |
30.280 |
|
|
SHORT TERM LIABILITIES |
96.692 |
75.632 |
87.288 |
|
|
To associated companies |
149 |
54 |
117 |
|
|
Credits |
37.934 |
35.366 |
38.000 |
|
|
Deposits, advances payments |
404 |
345 |
294 |
|
|
To suppliers |
41.811 |
34.378 |
44.604 |
|
|
To staff |
2.265 |
2.317 |
2.095 |
|
|
Taxes, fees, etc. |
1.954 |
2.481 |
1.776 |
|
|
Other short term liabilities |
12.175 |
691 |
402 |
|
|
DEFFERED ITEMS |
82 |
105 |
172 |
|
|
TOTAL EQUITY AND LIABILITIES |
239.935 |
226.611 |
215.554 |
|
|
|
|
|
|
|
Profit/loss account |
Currency: KM ( x
1.000 ) |
2014.06.30 |
2013.12.31 |
2012.12.31 |
|
|
OPERATING REVENUES |
122.368 |
248.736 |
220.347 |
|
|
Sales in the country |
119.089 |
241.720 |
214.588 |
|
|
Sales abroad |
1.764 |
4.320 |
3.311 |
|
|
Other revenues |
1.515 |
2.696 |
2.448 |
|
|
OPERATING
EXPENSES |
113.124 |
232.463 |
206.013 |
|
|
Increase in
inventories |
2.196 |
3.459 |
3.614 |
|
|
Material costs |
95.092 |
195.985 |
174.291 |
|
|
- raw material
costs |
13.397 |
|
|
|
|
- sold goods
costs |
78.512 |
|
|
|
|
- other external
costs |
3.183 |
|
|
|
|
Staff costs |
15.045 |
29.991 |
26.891 |
|
|
Depreciation of
fixed assets |
3.585 |
6.805 |
5.543 |
|
|
Other operating
expenses |
1.598 |
3.141 |
2.902 |
|
|
FINANCIAL
REVENUES |
553 |
1.892 |
1.950 |
|
|
FINANCIAL
EXPENSES |
2.000 |
4.121 |
3.669 |
|
|
EXTRAORDINARY
REVENUES |
162 |
426 |
966 |
|
|
EXTRAORDINARY
EXPENSES |
506 |
1.192 |
869 |
|
|
TOTAL REVENUES |
123.083 |
251.054 |
223.263 |
|
|
TOTAL EXPENSES |
115.630 |
237.776 |
210.551 |
|
|
Profit before
taxation |
7.453 |
13.278 |
12.712 |
|
|
Loss before
taxation |
0 |
0 |
0 |
|
|
Taxation on
profit |
0 |
402 |
310 |
|
|
PROFIT OF THE PERIOD |
7.453 |
12.876 |
12.402 |
|
|
LOSS OF THE
PERIOD |
0 |
0 |
0 |
|
|
|
|
|
|
|
Financial ratios |
|
2014.06.30 |
2013.12.31 |
2012.12.31 |
|
|
Financial
stability ratio |
0,6390 |
0,7127 |
0,6369 |
|
|
Solvency ratio
(%) |
44,3628 |
48,7337 |
45,2601 |
|
|
Debt ratio (in
years) |
6,0296 |
5,8848 |
6,5516 |
|
|
Liquidity ratio |
0,1633 |
0,1960 |
0,1646 |
|
|
Current ratio |
1,0312 |
1,1436 |
0,9615 |
|
|
Total assets
turnover |
1,0260 |
1,1079 |
1,0358 |
|
|
Inventories
turnover |
2,9332 |
3,5030 |
3,2095 |
|
|
Collection period
(in days) |
18,8560 |
17,3606 |
19,3614 |
|
|
Creditors Days |
62,2739 |
50,3011 |
73,6921 |
|
|
Inventories
bonding (in days) |
122,7357 |
102,7701 |
112,1667 |
|
|
Profit margin (%) |
6,0553 |
5,1288 |
5,5549 |
|
|
Return on total
assets (%) |
6,2126 |
5,6820 |
5,7535 |
|
|
Return on equity
(%) |
14,0038 |
11,6592 |
12,7122 |
|
|
Total revenue per
employee (x 1.000) |
94,7522 |
98,5685 |
97,4948 |
|
|
Profit per
employee (x 1.000) |
5,7374 |
5,0554 |
5,4157 |
|
|
Equity per
employee (x 1.000) |
40,9707 |
43,3592 |
42,6026 |
|
|
Total assets per
employee (x 1.000) |
92,3537 |
88,9717 |
94,1284 |
|
|
Staff
costs/Turnover (%) |
12,2235 |
11,9460 |
12,0445 |
|
|
EBIT (x 1.000) |
9.244 |
16.273 |
14.334 |
|
|
EBITDA (x 1.000) |
12.829 |
23.078 |
19.877 |
|
|
EBIT Margin (%) |
7,5543 |
6,5423 |
6,5052 |
|
|
EBITDA Margin (%) |
10,4840 |
9,2781 |
9,0208 |
Remarks 2010 profit KM 7.478.268
2011 profit KM 12.157.615
2012 profit KM 12.711.760
2013 profit KM 13.278.000
01-06.2014 profit KM 7.453.000
FIS-ŠPED d.o.o. Vitez
(Statistic number: 4236019820007)
Poslovni centar 96, 72250 Vitez, Bosnia & Hercegovina 100,00%
Einhell BiH Društvo s ograničenom odgovornošću
(Statistic number: 4236308260001)
Poslovni centar 96, 72250 Vitez, Bosnia & Hercegovina 33,41%
KIM TEC EKO d.o.o. Vitez
(Statistic number: 4236576430009)
Poslovni Centar 96-2, 72250 Vitez, Bosnia & Hercegovina 2,00%
FIS d. o. o.
(Statistic number: 1608517)
Sv. Leopolda Mandića 16, 21204 Dugopolje, Croatia
Short company name: FIS d.o.o. Vitez
Liabilities towards foreign suppliers:
- 2010.12.31: KM 15.945.697
- 2011.12.31: KM 13.173.525
- 2012.12.31: KM 17.755.696
- 2013.12.31: KM 12.386.066
According to information from Central Bank in Bosnia and Hercegovina from 2015.03.05 the company accounts are not blocked.
Debt Collection:
Case opened: 2012.10.19
Debt ammount: EUR 19.426,68
Actual stand: debt paid; case closed on 2012.11.06
Other functions and shares of Mr. Pero Gudelj:
- FIS-ŠPED d.o.o. VItez; Bosnia and Hercegovina; general manager
- FIS d.o.o., Dugopolje, Croatia; co-establisher
Exchange rate:
2009.12.31: EUR 1 = KM 1,9558
2010.12.31: EUR 1 = KM 1,9558
2011.12.31: EUR 1 = KM 1,9558
2012.12.31: EUR 1 = KM 1,9558
2013.12.31: EUR 1 = KM 1,9558
Inflations rate:
2009:-0,4%
2010: 2,1%
2011: 3,7%
2012: 1,8%
2013:-0,1%
Bankers SPARKASSE BANK d.d.
Zmaja od Bosne 7, 71000 Sarajevo, Bosnia & Hercegovina
1990520008251205
BOSNA BANK INTERNATIONAL d.d.
Trg djece Sarajeva bb, 71000 Sarajevo, Bosnia & Hercegovina
1410600001439373
RAIFFEISEN BANK d.d. BIH
Zmaja od Bosne bb, 71000 Sarajevo, Bosnia & Hercegovina
1610000000050160
RAIFFEISEN BANK d.d. BIH
Zmaja od Bosne bb, 71000 Sarajevo, Bosnia & Hercegovina
1610000000050257
RAIFFEISEN BANK d.d. BIH
Zmaja od Bosne bb, 71000 Sarajevo, Bosnia & Hercegovina
1610350044990097
RAIFFEISEN BANK d.d. BIH
Zmaja od Bosne bb, 71000 Sarajevo, Bosnia & Hercegovina
1610700000050028
UNICREDIT BANK d.d.
Kardinala Stepinca bb, 88000 Mostar, Bosnia & Hercegovina
3382502200012715
SBERBANK BH d.d.
Fra Annela Zvizdovića 1, 71000 Sarajevo, Bosnia & Hercegovina
1405010025999228
HYPO ALPE-ADRIA-BANK d.d.
Kneza Branimira 2b, 88000 Mostar, Bosnia & Hercegovina
3060410000025994
INTESA SANPAOLO BANKA d.d. BOSNA I HERCEGOVINA
Obala Kulina Bana 9 A, 71000 Sarajevo, Bosnia & Hercegovina
1542602000676590
NLB RAZVOJNA BANKA AD
Milana Tepića 4, 78000 Banja Luka, Bosnia & Hercegovina
5620998121993339
NLB BANKA d.d.
Maršala Tita br. 34, 75000 Tuzla, Bosnia & Hercegovina
1327310810195345
SBERBANK AD
Jevrejska 71, 78000 Banja Luka, Bosnia & Hercegovina
5676031100001410
ZIRAATBANK BH d.d.
Dženetića Čikma 2, 71000 Sarajevo, Bosnia & Hercegovina
1860001010921026
|
Payment
behaviour |
Partly within agreed credit terms, partly with
delays |
|
Credit
opinion |
Business connections appear permissible |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.