|
Report No. : |
319078 |
|
Report Date : |
05.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALCHIMICA S.R.O. |
|
|
|
|
Registered Office : |
Žirovnického 694 252 63 Roztoky |
|
|
|
|
Country : |
Czech Republic |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
19.10.2007 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Export and import of chemical products |
|
|
|
|
No. of Employee : |
6 |
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) |
|
Czech |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CZECH ECONOMIC
OVERVIEW
The Czech Republic is a stable and prosperous market economy closely integrated with the EU, especially since the country's EU accession in 2004. The auto industry is the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. The Czech Republic produced more than a million cars for the first time in 2010, over 80% of which were exported. While the conservative, inward-looking Czech financial system has remained relatively healthy, the small, open, export-driven Czech economy remains sensitive to changes in the economic performance of its main export markets, especially Germany. When Western Europe and Germany fell into recession in late 2008, demand for Czech goods plunged, leading to double digit drops in industrial production and exports. As a result, real GDP fell sharply in 2009. The economy slowly recovered in the second half of 2009 and registered weak growth in the next two years. In 2012 and 2013, however, the economy fell into a recession again, due both to a slump in external demand in the EU and to the government’s austerity measures, returning to weak growth in 2014. Foreign and domestic businesses alike voice concerns about corruption, especially in public procurement. Other long term challenges include dealing with a rapidly aging population, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy.
|
Source
: CIA |
|
Alchimica
s.r.o. Company
summary
|
|
Company development |
Constant company development |
|
Order situation |
Satisfactory order situation |
|
|
Terms of payment |
mostly no complaints, but occasional delays / reminders
|
|
Business connection |
Business connections appear permissible |
|
|
||
|
Legal form
|
Private limited company |
|
|
Foundation
|
19/10/2007 - Private limited company |
|
|
|
Comp.
Register |
19/10/2007, Městský soud v Praze, RegNr.: C 129865 |
|||
|
Share
Capital |
19/10/2007 |
CZK |
200.000,- |
|
|
Shareholders
|
Mgr. Pavel
Jursík (01.10.1967) |
CZK |
200.000,- |
|
|
Management
|
Mgr. Pavel
Jursík (01.10.1967) |
|||
|
General
Data |
Business activity, export and import of
chemical products – of basic chemical raw materials, of additives for food
industry and for manufacture of food products for animals. Organic
intermediates, clear and special chemicals and pharmaceutical chemicals etc. |
|
|
|
Main
activity: |
|
|
|
Trade
name(s) |
|
|
|
Export: |
15% |
|
|
Import: |
|
|
|
General contacts: |
|
|
|
Address: |
|
|
business
locations: |
|
|
Office
address: |
|
|
Staff |
2010 |
0 employees |
|
|
2011 |
0 employees |
|
|
2013 |
6 employees |
|
|
2014 |
6 employees |
|
|
2015 |
6 employees |
|
Annual
Sales |
2009 |
actual sales |
CZK |
75.000.000,- |
|
|
|
2010 |
actual sales |
CZK |
78.000.000,- |
|
|
|
2011 |
actual sales |
CZK |
0,- |
|
|
|
2012 |
actual sales |
CZK |
37.847.000,- |
|
|
|
2013 |
actual sales |
CZK |
87.860.000,- |
|
|
|
2014 |
actual sales |
CZK |
88.000.000,- |
|
|
|
The company is
not registered in the Central register of executions. |
|
|
turnover for the years 2009, 2010 relates to
a natural person doing business |
|
Property |
Property of the couple: |
|
|
There exists contractual right of lien. |
|
Balance
sheets |
The enclosed balance of 2013 from business
register, -. (31.12.2013 - 1 CZK) |
|
|
The enclosed profit/loss account of 2013 from business register, -.
(31.12.2013 - 1 CZK) |
|
Bankers |
Komerční banka, a.s. |
(0100) |
|
|
BALANCE |
31.12.2010 (CZK)
|
31.12.2011 (CZK)
|
31.12.2012 (CZK)
|
31.12.2013 (CZK)
|
|
r1 |
TOTAL
ASSETS |
200.000 |
200.000 |
15.553.000 |
22.049.000 |
|
r2 |
Receivables for subscriptions |
0 |
0 |
0 |
0 |
|
r3 |
Fixed assets |
0 |
0 |
461.000 |
361.000 |
|
r4 |
Intangible fixed assets |
0 |
0 |
0 |
0 |
|
r13 |
Tangible fixed assets |
0 |
0 |
461.000 |
361.000 |
|
r14 |
Lands |
|
|
0 |
0 |
|
r15 |
Constructions |
|
|
0 |
0 |
|
r16 |
Equipment |
|
|
416.000 |
316.000 |
|
r19 |
Other tangible fixed assets |
|
|
45.000 |
45.000 |
|
r23 |
Long-term financial assets |
0 |
0 |
0 |
0 |
|
r31 |
Current assets |
200.000 |
200.000 |
15.053.000 |
21.415.000 |
|
r32 |
Inventory |
0 |
0 |
1.654.000 |
2.257.000 |
|
r37 |
Merchandise |
|
|
1.654.000 |
2.257.000 |
|
r39 |
Long-term receivables |
0 |
0 |
0 |
0 |
|
r48 |
Short-term receivables |
0 |
0 |
7.166.000 |
8.240.000 |
|
r49 |
Trade receivables |
|
|
7.054.000 |
7.802.000 |
|
r55 |
Short-term deposits given |
|
|
112.000 |
438.000 |
|
r58 |
Short-term financial assets |
200.000 |
200.000 |
6.233.000 |
10.918.000 |
|
r59 |
Cash |
|
|
|
1.000 |
|
r60 |
Bank accounts |
|
|
6.233.000 |
10.917.000 |
|
r63 |
Accruals |
0 |
0 |
39.000 |
273.000 |
|
r64 |
Deferred expenses |
|
|
39.000 |
41.000 |
|
r66 |
Deferred income |
|
|
|
232.000 |
|
r67 |
TOTAL LIABILITIES |
200.000 |
200.000 |
15.553.000 |
22.049.000 |
|
r68 |
Equity |
200.000 |
200.000 |
4.171.000 |
9.078.000 |
|
r69 |
Registered capital |
200.000 |
200.000 |
200.000 |
200.000 |
|
r70 |
Registered capital |
|
|
200.000 |
200.000 |
|
r73 |
Capital funds |
0 |
0 |
0 |
0 |
|
r78 |
Reserve funds, statutory reserve account
for cooperatives, and other retained earnings |
0 |
0 |
0 |
10.000 |
|
r79 |
Legal reserve fund / indivisible fund |
|
|
|
10.000 |
|
r81 |
Profit / loss - previous years |
0 |
0 |
|
2.550.000 |
|
r82 |
Retained earnings from previous years |
|
|
|
2.550.000 |
|
r84 |
Profit / loss - current year (+/-) |
0 |
0 |
3.971.000 |
6.318.000 |
|
r85 |
Liabilities |
0 |
0 |
11.242.000 |
12.766.000 |
|
r86 |
Reserves |
0 |
0 |
0 |
0 |
|
r91 |
Long-term payables |
0 |
0 |
0 |
0 |
|
r102 |
Short-term payables |
0 |
0 |
11.092.000 |
12.679.000 |
|
r103 |
Trade payables |
|
|
3.960.000 |
6.440.000 |
|
r106 |
Payables from partners, cooperative members and association members |
|
|
4.735.000 |
3.572.000 |
|
r107 |
Payroll |
|
|
|
134.000 |
|
r108 |
Payables to social securities and health insurance |
|
|
|
99.000 |
|
r109 |
Due from state - tax liabilities and subsidies |
|
|
2.397.000 |
2.280.000 |
|
r110 |
Short-term deposits received |
|
|
|
87.000 |
|
r112 |
Estimated payables |
|
|
|
67.000 |
|
r114 |
Bank loans and financial accommodations |
0 |
0 |
150.000 |
87.000 |
|
r115 |
Long-term bank loans |
|
|
150.000 |
87.000 |
|
r116 |
Short-term bank loans |
|
|
0 |
0 |
|
r117 |
Short-term accommodations |
|
|
0 |
0 |
|
r118 |
Accruals |
0 |
0 |
140.000 |
205.000 |
|
r119 |
Accrued expenses |
|
|
140.000 |
205.000 |
|
|
profit/loss account |
31.12.2010 (CZK)
|
31.12.2011 (CZK)
|
31.12.2012 (CZK)
|
31.12.2013 (CZK)
|
|
a1 |
Turnover |
0 |
0 |
37.847.000 |
87.860.000 |
|
a2 |
Revenues from sold goods |
0 |
0 |
37.841.000 |
87.835.000 |
|
a3 |
Expenses on sold goods |
0 |
0 |
31.764.000 |
71.623.000 |
|
a4 |
Sale margin |
0 |
0 |
6.077.000 |
16.212.000 |
|
a5 |
Production |
0 |
0 |
6.000 |
25.000 |
|
a6 |
Revenues from own products and services |
|
|
6.000 |
25.000 |
|
a9 |
Production consumption |
0 |
0 |
1.116.000 |
5.003.000 |
|
a10 |
Consumption of material and energy |
|
|
124.000 |
603.000 |
|
a11 |
Services |
|
|
992.000 |
4.400.000 |
|
a12 |
Added value |
0 |
0 |
4.967.000 |
11.234.000 |
|
a13 |
Personnel expenses |
0 |
0 |
|
2.584.000 |
|
a14 |
Wages and salaries |
|
|
|
1.933.000 |
|
a16 |
Social security expenses and health insurance |
|
|
|
610.000 |
|
a17 |
Other social expenses |
|
|
|
41.000 |
|
a18 |
Taxes and fees |
0 |
0 |
2.000 |
13.000 |
|
a19 |
Depreciations of intangible and tangible assets |
0 |
0 |
83.000 |
100.000 |
|
a20 |
Revenues from disposals of fixed assets and
materials |
0 |
0 |
0 |
0 |
|
a23 |
Net book value of disposed fixed assets and
materials |
0 |
0 |
0 |
0 |
|
a26 |
Change in operating reserves and adjustments and complex deferred
costs ( + / - ) |
0 |
0 |
0 |
0 |
|
a27 |
Other operating revenues |
0 |
0 |
349.000 |
101.000 |
|
a28 |
Other operating expenses |
0 |
0 |
208.000 |
487.000 |
|
a29 |
Transfer of operating revenues |
0 |
0 |
|
|
|
a30 |
Transfer of operating expenses |
0 |
0 |
|
|
|
a31 |
Operating profit / loss |
0 |
0 |
5.023.000 |
8.151.000 |
|
a32 |
Revenues from sales of securities and ownership interests |
0 |
0 |
|
|
|
a33 |
Sold securities and ownership interests |
0 |
0 |
|
|
|
a34 |
Revenues from long-term financial assets |
0 |
0 |
|
|
|
a38 |
Revenues from short-term financial assets |
0 |
0 |
|
|
|
a39 |
Expenses associated with financial assets |
0 |
0 |
|
|
|
a40 |
Revenues from revaluation of securities and derivatives |
0 |
0 |
|
|
|
a41 |
Cost of revaluation of securities and derivatives |
0 |
0 |
|
|
|
a42 |
Change in financial reserves and adjustments ( + / - ) |
0 |
0 |
|
|
|
a43 |
Interest revenues |
0 |
0 |
0 |
1.000 |
|
a44 |
Interest expenses |
0 |
0 |
43.000 |
20.000 |
|
a45 |
Other financial revenues |
0 |
0 |
482.000 |
778.000 |
|
a46 |
Other financial expenses |
0 |
0 |
556.000 |
1.068.000 |
|
a47 |
Transfer of financial revenues |
0 |
0 |
|
|
|
a48 |
Transfer of financial expenses |
0 |
0 |
|
|
|
a49 |
Profit / loss from financial operations (
transactions ) |
0 |
0 |
-117.000 |
-309.000 |
|
a50 |
Income tax on ordinary income |
0 |
0 |
935.000 |
1.524.000 |
|
a51 |
Due tax |
|
|
935.000 |
1.524.000 |
|
a53 |
Operating profit / loss ordinary activity |
0 |
0 |
3.971.000 |
6.318.000 |
|
a54 |
Extraordinary revenues |
0 |
0 |
|
|
|
a55 |
Extraordinary expenses |
0 |
0 |
|
|
|
a56 |
Income tax on extraordinary income |
0 |
0 |
|
|
|
a59 |
Operating profit / loss extraordinary
activity |
0 |
0 |
0 |
0 |
|
a60 |
Transfer profit ( loss ) to partners (+/-) |
0 |
0 |
|
|
|
a61 |
Profit / loss of current accounting period
(+/-) |
0 |
0 |
3.971.000 |
6.318.000 |
|
a62 |
Profit / loss before tax (+/-) |
0 |
0 |
4.906.000 |
7.842.000 |
|
Receivables after due date total |
|
|
1.152.000 |
621.000 |
|
|
Liabilities after due date total |
|
|
1.050.000 |
657.000 |
|
Balance indices |
|
31.12.2010 |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
Return on total assets ROA (in %) |
a62/r1 * 100 |
0,00 |
0,00 |
31,54 |
35,57 |
|
Return on equity ROE (in %) |
a62/r68 * 100 |
0,00 |
0,00 |
117,62 |
86,38 |
|
Return on sales ROS (in %) |
a62/a1 * 100 |
n/a |
n/a |
12,96 |
8,93 |
|
Turnover of receivables (in days) |
r49/a1 * 365 |
n/a |
n/a |
68,03 |
32,41 |
|
Turnover of liabilities (in days) |
r103/a1 * 365 |
n/a |
n/a |
38,19 |
26,75 |
|
Turnover of inventories (days) |
r32/a1 * 365 |
n/a |
n/a |
15,95 |
9,38 |
|
Net working capital (in ths. CZK) |
r31 - r102 - r116 - r117 |
200,00 |
200,00 |
3.961,00 |
8.736,00 |
|
Ratio of accounts payable to accounts receivable (in %) |
(r39+r48) / (r91+r102) * 100 |
n/a |
n/a |
64,61 |
64,99 |
|
Ratio of profit/loss to tangible assets (in%) |
r3 / a1 * 100 |
n/a |
n/a |
1,22 |
0,41 |
|
Current ratio |
r31 / (r102+r116+r117) |
n/a |
n/a |
1,36 |
1,69 |
|
Quick ratio |
(r58+r48) / (r102+r116+r117) |
n/a |
n/a |
1,21 |
1,51 |
|
Cash ratio |
r58 / (r102+r116+r117) |
n/a |
n/a |
0,56 |
0,86 |
|
Debt ratio I (in %) |
(1-r68/r67) * 100 |
0,00 |
0,00 |
73,18 |
58,83 |
|
Debt ratio II (in %) |
r85/r67 * 100 |
0,00 |
0,00 |
72,28 |
57,90 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.