|
Report No. : |
324744 |
|
Report Date : |
27.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
METAL RAVNE D.O.O. |
|
|
|
|
Registered Office : |
Koroška cesta 14, 2390 Ravne na Koroškem |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
17.12.1992 |
|
|
|
|
Legal Form : |
Limited liability company (Ltd.) |
|
|
|
|
Line of Business : |
Manufacture of basic iron and steel and of ferro-alloys. |
|
|
|
|
No. of Employee : |
980 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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) |
|
Slovenia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SLOVENIA ECONOMIC OVERVIEW
With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in 2008-2009 in the wake of the global financial crisis. Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political transitions in Central and Southeastern Europe. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. In 2007, Slovenia was invited to begin the process for joining the OECD; it became a member in 2012. However, long-delayed privatizations, particularly within Slovenia’s largely state-owned and increasingly indebted banking sector, have fueled investor concerns since 2012 that the country would need EU-IMF financial assistance. In 2013, the European Commission granted Slovenia permission to begin recapitalizing ailing lenders and transferring their nonperforming assets into a “bad bank” established to restore bank balance sheets. Export-led growth fueled by demand in larger European markets pushed GDP growth to 2.6% in 2014, while stubbornly-high unemployment fell slightly to 13%. PM CERAR’s government took office in September 2014, pledging to press ahead with commitments to privatize a select group of state-run companies, rationalize public spending, and further stabilize the banking sector.
|
Source
: CIA |
METAL RAVNE D.O.O.
Koroška cesta 14,
2390 Ravne na Koroškem
Phone: 02 870 70
00
Telefax: 02 870 70 06
E-Mail: info@metalravne.com
Web: www.metalravne.com
|
Legal form |
d.o.o. - Limited liability company (Ltd.) |
|
||||||||
|
Established on |
17/12/1992 - d.o.o. - Limited liability company (Ltd.) |
|||||||||
|
|
last entry on 27.12.2011 on 02.07.2005 change of company name from SŽ METAL RAVNE d.o.o. into
METAL RAVNE d.o.o. 01.16.2004 incorporation of the company ŽELEZARNE RAVNE-VIP d.o.o. |
|||||||||
|
Registered on |
23/12/1992, Slovenj Gradec, Registration number: 10727000 Tax number: SI64537641 Company number: 5686482 |
|||||||||
|
Registered capital |
|
EUR |
31.714.238,00 |
|
||||||
|
Owner |
SIJ, d.d., Ljubljana (Statistical number: 5046432) Gerbičeva ulica 98, 1000 Ljubljana |
EUR |
31.714.238,00 |
|
||||||
|
Manager |
Andrej Gradišnik Pod gonjami 131, 2391 Prevalje Director |
|||||||||
|
General data |
company activity is production of stainless steel, black metallurgy production of steel for: automotive and aircraft industries, construction metalworking
industry, agri-food industry, chemical industry, medical and pharmaceutical
industry, energy industry production of more than 200 steel grades in different dimensional
shapes, from carbon and alloyed structural steels to tool and special steels
in the form of rolled and forged products Headquarters and business premises are located on the address above |
|||||||||
|
|
Main activity: Manufacture of basic iron and steel and of ferro-alloys (NACE 2) |
(24.10) |
||||||||
|
|
Export: European Union USA |
|
||||||||
|
|
Import: European Union China |
|
||||||||
|
|
|
|||||||||
|
|
Residence address: Koroška cesta 14, 2390 Ravne na Koroškem Phone: 02 870 70 00 Telefax: 02 870 70 06 E-Mail: info@metalravne.com Web: www.metalravne.com |
|||||||||
|
Other activities |
||||||||||
|
Employees |
2008 |
1020 employees |
||||||||
|
|
2009 |
928 employees |
||||||||
|
|
2010 |
941 employees |
||||||||
|
|
2011 |
940 employees |
||||||||
|
|
2012 |
1022 employees |
||||||||
|
|
2013 |
963 employees |
||||||||
|
|
2014 |
980 employees |
||||||||
|
Annual turnover |
2008 |
Enterprise turnover |
EUR |
185.082.459,- |
|
|||||
|
|
2009 |
Enterprise turnover |
EUR |
83.958.176,- |
|
|||||
|
|
2010 |
Enterprise turnover |
EUR |
140.444.951,- |
|
|||||
|
|
2011 |
Enterprise turnover |
EUR |
179.081.829,- |
|
|||||
|
|
2012 |
Enterprise turnover |
EUR |
165.651.532,- |
|
|||||
|
|
2013 |
Enterprise turnover |
EUR |
149.096.935,- |
|
|||||
|
Property |
Company's property: Land and buildings per 31.12.2013 SI- Book value: 24.659.951,- EUR () Company's property: Business premises SI-2390 Ravne na Koroškem, Koroška cesta 14 |
|||||||||
|
Remarks |
Full name of the company: METAL RAVNE podjetje za proizvodnjo plemenitih jekel d.o.o. balance sheet per 31.12.2014 is not yet available Participation in capital: KOPO international New Jersey, USA (100% share) SERPA d.o.o. Slovenia (85.61% share) Ravne steel center d.o.o. Slovenia(22,7% share) (stand per 31.12.2013) |
|||||||||
|
Interests |
METAL RAVNE d.o.o. (Statistical number: 5686482): |
|||||||||
|
|
KLS LJUBNO d.d. (Statistical number: 5075335) |
Head shareholders |
2,29% |
|||||||
|
|
RAVNE STEEL CENTER d.o.o. (Statistical number: 1906887) |
Owner |
|
|||||||
|
|
SERPA d.o.o. (Statistical number: 5754593) |
Owner |
|
|||||||
|
|
SIJ, d.d., Ljubljana (Statistical number: 5046432): |
|||||||||
|
|
ACRONI, d.o.o. (Statistical number: 5688418) |
Owner |
|
|||||||
|
|
ELEKTRODE JESENICE, d.o.o. (Statistical number: 1254430) |
Owner |
|
|||||||
|
|
NOŽI RAVNE d.o.o. (Statistical number: 5439264) |
Owner |
|
|||||||
|
|
ODPAD d.o.o. Pivka (Statistical number: 5577772) |
Owner |
|
|||||||
|
|
RAVNE STEEL CENTER d.o.o. (Statistical number: 1906887) |
Owner |
|
|||||||
|
|
SIJ, d.d., Ljubljana (Statistical number: 5046432) |
Head shareholders |
2,78% |
|||||||
|
|
Slovenske železarne - Energetika Štore d.o.o. (Statistical number:
1254855) |
Owner |
|
|||||||
|
|
Slovenske zelezarne Jeklolivarna d.o.o. (Statistical number: 5439132) |
Owner |
|
|||||||
|
|
SUZ, d.o.o. (Statistical number: 1199781) |
Owner |
|
|||||||
|
|
SŽ - ARMATURE MUTA Ravne d.o.o. (Statistical number: 5439256) |
Owner |
|
|||||||
|
|
SŽ PFJ d.o.o. (Statistical number: 5434513) |
Owner |
|
|||||||
|
|
SŽ-PFP d.o.o. (Statistical number: 5434521) |
Owner |
|
|||||||
|
|
TIO PNEUMATIKA d.o.o. (Statistical number: 5868459) |
Owner |
|
|||||||
|
Bank relations |
NOVA LJUBLJANSKA BANKA d.d., LJUBLJANA: Central address: SI Trg republike 2, 1520 Ljubljana Account number: 02470-0019185172 SKB BANKA d.d. LJUBLJANA: Central address: SI Ajdovščina 4, 1513 Ljubljana Account number: 03100-1002105063 NOVA KREDITNA BANKA MARIBOR d.d.: Central address: SI Ulica Vita Kraigherja 4, 2505 Maribor Account number: 04870-0000217271 BANKA KOPER d.d.: Central address: SI Pristaniška 14, 6502 Koper Account number: 10100-0034642769 RAIFFEISEN BANKA d.d.: Central address: SI Slovenska ulica 17, 2000 Maribor Account number: 24302-9003729513 HYPO ALPE-ADRIA-BANK d.d.: Central address: SI Dunajska cesta 117, 1000 Ljubljana Account number: 25100-9700230145 ABANKA VIPA d.d.: Central address: SI Slovenska cesta 58, 1517 Ljubljana Account number: SI56 051008013129233 BANKA SPARKASSE d.d.: Central address: SI Cesta v Kleče 15, 1000 Ljubljana Account number: SI56 3400 0101 4646 651 UNICREDIT BANKA SLOVENIJA d.d.: Central address: SI Šmartinska 140, 1000 Ljubljana Account number: SI56 290000055512569 |
|||||||||
|
Terms of payment |
Mostly within agrees terms, but partly also delayed |
(32) |
||||||||
|
Business connection |
Business connection appear premissable |
(31) |
||||||||
|
A. The enclosed balance of 2013 is originated from official source, it
is not authenticated by the auditor. (31.12.2013 - 1 EUR) B. The enclosed balance of 2012 is originated from official source, it
is not authenticated by the auditor. (31.12.2012 - 1 EUR) C. The enclosed balance of 2011 is originated from official source, it
is authenticated by the auditor . (31.12.2011 - 1 EUR) D. The enclosed balance of 2010 is originated from official source, it
is authenticated by the auditor . (31.12.2010 - 1 EUR) |
||||||||||
|
balance |
A 31.12.2013 |
B 31.12.2012 |
C 31.12.2011 |
D 31.12.2010 |
|||||
|
ASSETS (AKTIVA) |
202.103.380 |
200.015.562 |
199.449.728 |
181.171.179 |
|||||
|
LONG-TERM ASSETS |
104.771.132 |
107.160.311 |
105.111.533 |
92.843.156 |
|||||
|
Intangible assets and long-term deferred costs and accrued revenues |
2.000.916 |
1.776.609 |
1.142.968 |
1.136.457 |
|||||
|
Intangible assets |
2.000.916 |
1.776.609 |
1.142.968 |
4.133 |
|||||
|
Long-term deferred costs and accrued revenues |
0 |
0 |
0 |
1.132.324 |
|||||
|
Tangible fixed assets |
98.199.541 |
100.368.675 |
97.872.574 |
86.110.800 |
|||||
|
Long-term financial investments and Real estate investments |
2.728.192 |
4.178.335 |
5.338.878 |
3.400.007 |
|||||
|
Investment property |
0 |
0 |
0 |
197.266 |
|||||
|
Long-term financial investments |
2.728.192 |
4.178.335 |
5.338.878 |
3.202.741 |
|||||
|
Long-term operating receivables |
26.479 |
0 |
155.054 |
0 |
|||||
|
Deferred receivables for taxes |
1.816.004 |
836.692 |
602.059 |
2.195.892 |
|||||
|
SHORT-TERM ASSETS |
97.052.400 |
92.189.539 |
94.087.981 |
88.307.358 |
|||||
|
Assets (group for estrange) for sell |
0 |
0 |
0 |
0 |
|||||
|
Inventories |
47.461.821 |
47.699.193 |
53.562.289 |
43.873.411 |
|||||
|
Short-term financial investments |
967.183 |
4.666.143 |
1.031.415 |
0 |
|||||
|
Short-term operating receivables |
37.603.231 |
36.976.528 |
39.252.587 |
36.595.173 |
|||||
|
Cash assets |
11.020.165 |
2.847.675 |
241.690 |
7.838.774 |
|||||
|
Short-term deferred costs and accrued revenues |
279.848 |
665.712 |
250.214 |
20.665 |
|||||
|
Off-balance sheet items |
0 |
0 |
0 |
0 |
|||||
|
LIABILITIES |
202.103.380 |
200.015.562 |
199.449.728 |
181.171.179 |
|||||
|
CAPITAL |
82.911.763 |
83.391.077 |
79.540.429 |
70.419.673 |
|||||
|
Called-up capital |
31.714.238 |
31.714.238 |
31.714.238 |
31.714.238 |
|||||
|
Basic (subscribed) capital |
31.714.238 |
31.714.238 |
31.714.238 |
31.714.238 |
|||||
|
Non called-up capital (deductive item) |
0 |
0 |
0 |
0 |
|||||
|
Capital reserves |
30.478 |
30.478 |
30.478 |
30.478 |
|||||
|
Reserves from profit |
3.204.375 |
3.140.946 |
3.140.946 |
3.259.813 |
|||||
|
Surplus from revaluation |
0 |
85.404 |
123.678 |
0 |
|||||
|
Retained net |
47.962.672 |
48.420.011 |
35.415.144 |
35.415.144 |
|||||
|
Net business result for the business year |
0 |
0 |
9.115.945 |
0 |
|||||
|
PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES |
3.744.522 |
3.858.980 |
3.898.728 |
4.028.322 |
|||||
|
FINANCIAL AND BUSINESS LIABILITIES |
114.243.587 |
111.779.488 |
114.589.110 |
105.648.874 |
|||||
|
LONG-TERM LIABILITIES |
47.009.264 |
48.073.323 |
41.357.221 |
43.750.346 |
|||||
|
Long-term financial liabilities |
46.979.050 |
48.039.003 |
41.306.434 |
43.635.768 |
|||||
|
Long-term operating liabilities |
30.214 |
34.320 |
50.787 |
114.578 |
|||||
|
Deferred liabilities for taxes |
0 |
0 |
0 |
0 |
|||||
|
SHORT-TERM LIABILITIES |
67.234.323 |
63.706.165 |
73.231.889 |
61.898.528 |
|||||
|
Liabilities, included in groups for estrange |
0 |
0 |
0 |
0 |
|||||
|
Short-term financial liabilities |
21.645.426 |
23.985.013 |
22.885.580 |
27.911.211 |
|||||
|
Short-term operating liabilities |
45.588.897 |
39.721.152 |
50.346.309 |
33.987.317 |
|||||
|
SHORT-TERM ACCRUED COSTS AND DEFERRED REVENUES |
1.203.508 |
986.017 |
1.421.461 |
1.074.310 |
|||||
|
Off-balance sheet items |
0 |
0 |
0 |
0 |
|||||
|
A. The enclosed profit and loss account of 2013 is originated from official
source, it is not authenticated by the auditor. (31.12.2013 - 1 EUR) B. The enclosed profit and loss account of 2012 is originated from
official source, it is not authenticated by the auditor. (31.12.2012 - 1 EUR) C. The enclosed profit and loss account of 2011 is originated from
official source, it is authenticated by the auditor . (31.12.2011 - 1 EUR) D. The enclosed profit and loss account of 2010 is originated from
official source, it is authenticated by the auditor . (31.12.2010 - 1 EUR) |
|||||||||
|
profit and loss account |
A 31.12.2013 |
B 31.12.2012 |
C 31.12.2011 |
D 31.12.2010 |
|||||
|
Net sales |
149.947.354 |
162.626.766 |
167.926.024 |
129.535.624 |
|||||
|
Changes in the value of inventories of products and work-in-process |
-2.517.136 |
-4.152.190 |
8.825.647 |
7.726.443 |
|||||
|
Capitalised own products and own services |
0 |
0 |
0 |
0 |
|||||
|
Other operating revenues (with subventions, grants,...) |
1.045.180 |
2.760.093 |
2.050.448 |
2.948.402 |
|||||
|
GROSS OPERATING YIELD |
148.475.398 |
161.234.669 |
178.802.119 |
140.210.469 |
|||||
|
Cost of goods, material and services |
110.759.392 |
119.242.790 |
129.379.533 |
102.506.616 |
|||||
|
Purchase value of goods and materials sold and cost of material and
cost of material used |
92.960.877 |
0 |
0 |
0 |
|||||
|
Cost of services |
17.798.515 |
0 |
0 |
0 |
|||||
|
Labour cost |
24.683.276 |
25.202.203 |
26.048.272 |
22.473.935 |
|||||
|
Cost of wages |
17.634.262 |
18.088.477 |
18.334.013 |
10.446.539 |
|||||
|
Cost of pension insurance |
0 |
0 |
0 |
0 |
|||||
|
Cost of other social insurance |
3.658.697 |
4.092.654 |
4.116.200 |
8.868.126 |
|||||
|
Other labour cost |
3.390.317 |
3.021.072 |
3.598.059 |
3.139.270 |
|||||
|
Write-offs |
9.690.409 |
8.628.179 |
8.184.944 |
9.159.159 |
|||||
|
Depreciation |
9.690.409 |
8.628.179 |
8.184.944 |
8.088.572 |
|||||
|
Revaluation operating expenses for non-tangible assets and tangible
fixed assets |
0 |
0 |
0 |
0 |
|||||
|
Revaluation operating expenses for current assets |
0 |
0 |
0 |
1.070.587 |
|||||
|
Other operating expenses |
2.645.467 |
2.582.059 |
1.659.430 |
131.951 |
|||||
|
OPERATING REVENUES |
150.992.534 |
165.386.859 |
169.976.472 |
132.484.026 |
|||||
|
OPERATING EXPENSES |
147.778.544 |
155.655.231 |
165.272.179 |
134.271.661 |
|||||
|
OPERATING RESULT |
3.213.990 |
9.731.628 |
4.704.293 |
-1.787.635 |
|||||
|
EBIT |
696.854 |
5.579.438 |
13.529.940 |
5.938.808 |
|||||
|
Financial income from investments in other enterprises |
0 |
|
|
|
|||||
|
Financial income from loans |
0 |
|
|
|
|||||
|
Financial income from operating receivables |
0 |
|
|
|
|||||
|
Financial expenses from depreciation and write-offs of financial
investments |
0 |
|
|
|
|||||
|
Financial expenses from financial liabilities |
0 |
|
|
|
|||||
|
Financial expenses from operating liabilities |
0 |
|
|
|
|||||
|
Financial income |
621.537 |
264.673 |
279.710 |
234.482 |
|||||
|
Financial expenses |
2.777.017 |
2.228.096 |
2.658.464 |
1.892.501 |
|||||
|
Other revenues |
0 |
0 |
0 |
0 |
|||||
|
Other expenses |
0 |
0 |
0 |
0 |
|||||
|
Total revenues |
149.096.935 |
161.499.342 |
179.081.829 |
140.444.951 |
|||||
|
Total costs |
150.555.561 |
157.883.327 |
167.930.643 |
136.164.162 |
|||||
|
Total business result |
-1.458.626 |
3.616.015 |
11.151.186 |
4.280.789 |
|||||
|
Tax on profit |
-2.080 |
-9.835 |
436.597 |
-4.811 |
|||||
|
Deferred taxs |
-977.232 |
-224.798 |
1.598.644 |
518.244 |
|||||
|
Net business result for the accounting period |
-479.314 |
3.850.648 |
9.115.945 |
3.767.356 |
|||||
|
|
|||||||||
|
Ratios |
|
2010 |
2011 |
2012 |
2013 |
||||
|
|
Equity ratio |
0,18 |
0,16 |
0,16 |
0,16 |
||||
|
|
Cleared equity ratio |
0,18 |
0,16 |
0,16 |
0,16 |
||||
|
|
Current liquidity |
1,43 |
1,28 |
1,45 |
1,44 |
||||
|
|
Quick liquidity |
0,72 |
0,55 |
0,7 |
0,74 |
||||
|
|
Working capital |
26408830 |
20856092 |
28483374 |
29818077 |
||||
|
|
Gearing |
5,71 |
6,29 |
6,31 |
6,37 |
||||
|
|
Cleared gearing |
2,26 |
2,03 |
2,28 |
2,16 |
||||
|
|
Profitability |
3,05 |
6,23 |
2,24 |
-0,98 |
||||
|
|
Operating profitability |
2,68 |
5,09 |
2,38 |
-0,32 |
||||
|
|
Stock days |
114 |
109 |
108 |
116 |
||||
|
|
Debtor days |
95,11 |
80 |
83,57 |
92,06 |
||||
|
|
Supplier days |
88,33 |
103 |
89,77 |
112 |
||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.84 |
|
|
1 |
Rs.98.38 |
|
Euro |
1 |
Rs.69.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.