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Report No. : |
320775 |
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Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SHARDA POLAND” SP. Z O.O. |
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Registered Office : |
Ul. Bonifraterska 17 00-203 Warszawa |
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Country : |
Poland |
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Date of Incorporation : |
10.12.2013 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Distribution of industrial chemicals and supplying various conveyor belts
which are used primarily in industry including steel mills, mines, factories,
ports, cement production plants |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Recently New Business |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Poland |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 2013 and 2014, 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.
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Source
: CIA |
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“SHARDA POLAND” SP.
Z O.O. |
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ul. Bonifraterska 17 |
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Mobile phone: 608 072290 |
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Website: shardaintl.com |
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Legal
form |
Limited
liability company |
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Stat.no. |
147264943 |
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Tax
ID |
PL
5213673079 |
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Establishment |
10.12.2013 |
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Changes
of names and addresses |
10.12.2013
ul. Domaniewska 34A, 02-672 Warszawa |
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17.03.2015
ul. Bonifraterska 17, 00-203 Warszawa |
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Registration: |
30.05.2014,
District Court Warszawa, XIII Department, KRS 511705 |
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Shareholders |
SHARDA
CROPCHEM LIMITED, Mumbai, Domnic Holm, 29th Road, Bandra (West), 400 050,
India |
PLN |
5 000,00 |
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list
entered to NCR /KRS/ on 30.05.2014 |
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Initial
Capital |
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PLN
5 000,00 |
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Initial
capital divided into 100 shares of PLN 50,00 each |
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Management |
Ramprakash
Vilasrai Bubna |
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Representation: |
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Main
activity |
Distribution
of industrial chemicals and supplying various conveyor belts which are used
primarily in industry including steel mills, mines, factories, ports, cement
production plants, etc. |
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Branches
NACE 2007: |
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Wholesale
of chemical products |
(G.46.75.Z) |
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Other
wholesale |
(G.46.72.Z) |
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Cargo
handling and storage of other products |
(H.52.10.B) |
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Research
and development on biotechnology |
(M.72.11.Z) |
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Other
renting |
(N.77.31.Z) |
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Employment |
No
data available |
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Turnover |
data
not possible to obtain |
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Balance data is not available due to short period of activity of the
said company.
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While rating the company, it is advisable |
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(G.46.75.Z
- NACE 2007), as at : |
31.12.2014 |
31.12.2013 |
31.12.2012 |
31.12.2011 |
31.12.2010 |
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Current
ratio............................ |
1,51 |
1,66 |
1,53 |
1,14 |
1,11 |
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Quick
ratio.............................. |
0,94 |
1,06 |
0,95 |
0,76 |
0,77 |
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Immediate
ratio.......................... |
0,13 |
0,14 |
0,10 |
0,09 |
0,08 |
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Return
on sale........................... |
3,11 |
3,96 |
0,72 |
4,05 |
2,19 |
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Return
on assets......................... |
6,49 |
8,43 |
1,71 |
8,69 |
4,46 |
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Return
on equity......................... |
16,14 |
19,70 |
4,56 |
21,64 |
13,82 |
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Average
trade debtors' days.............. |
49,12 |
49,85 |
53,66 |
57,73 |
57,67 |
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Average
stock turnover's days............ |
36,70 |
35,58 |
36,55 |
34,45 |
33,96 |
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average
payables payment period.......... |
65,92 |
60,52 |
64,47 |
90,78 |
102,77 |
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Total
indebtedness ratio................. |
59,81 |
57,20 |
62,54 |
59,82 |
67,75 |
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Percent
share in the examinated group |
93,80 |
92,60 |
91,50 |
94,40 |
87,30 |
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Sales/revenue
per employee in th. PLN.... |
2 297,05 |
2 317,10 |
2 613,50 |
2 400,45 |
2 096,10 |
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Average
sales/revenue per company in |
314 695,47 |
276 007,57 |
297 644,08 |
258 606,56 |
213 369,35 |
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according
to the Central Statistical Office |
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seat: |
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No
data |
As at 14.04.2015 there are no shares in other companies.
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Ramprakash
Vilasrai Bubna |
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Data
concerning connections are valid as at: 14.04.2015. |
The subject has not decided to cooperate in
elaboration of this report yet.
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.
Names of banks were not disclosed
In available sources, payment delays have
not been noted
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Business
connections should not be refused, credits require security |
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Due
to: |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.88 |
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1 |
Rs.97.21 |
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Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.