|
Report No. : |
350298 |
|
Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GRANITI LUCKO
D.O.O. |
|
|
|
|
Registered Office : |
Za Proizvodnju, Trgovinu
I Usluge Ventilatorska 1 HR 10250 Lučko |
|
|
|
|
Country : |
Croatia (Hrvatska) |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
17.12.2012 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
Employees: |
12 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Croatia (Hrvatska) |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CROATIA (HRVATSKA) - ECONOMIC OVERVIEW
Though still one of the wealthiest of the former Yugoslav
republics, Croatia's economy suffered badly during the 1991-95 war. The country's
output during that time collapsed, and Croatia missed the early waves of
investment in Central and Eastern Europe that followed the fall of the Berlin
Wall. Between 2000 and 2007, however, Croatia's economic fortunes began to
improve with moderate but steady GDP growth between 4% and 6% led by a rebound
in tourism and credit-driven consumer spending. Inflation over the same period
remained tame and the currency, the kuna, stable. Croatia experienced an abrupt
slowdown in the economy in 2008 and has yet to recover; economic growth was
stagnant or negative in each year since 2009. Difficult problems still remain,
including a stubbornly high unemployment rate, uneven regional development, and
a challenging investment climate. Croatia continues to face reduced foreign
investment. On 1 July 2013 Croatia joined the EU, following a decade-long
application process. Croatia will be a member of the European Exchange Rate
Mechanism until it meets the criteria for joining the Economic and Monetary
Union and adopts the euro as its currency. EU accession has increased pressure
on the government to reduce Croatia’s relatively high public debt, which
triggered the EU’s excessive deficit procedure for fiscal consolidation. Zagreb
has cut spending since 2012, and the government also raised additional revenues
through more stringent tax collection and by raising the Value Added Tax. The
government has also sought to accelerate privatization of non-strategic assets,
with mixed success.
|
Source
: CIA |
GRANITI LUCKO
D.O.O.
za proizvodnju,
trgovinu i usluge Ventilatorska 1 HR 10250 Lučko
Phone +385
1/6531202
GSM +385
91/9245190
Fax +385
1/6531201
E-Mail granitilucko@graniti.hr
Web www.graniti.hr
|
Statistic number |
2953838 |
|
|
|
Short name |
GRANITI LUČKO d.o.o. |
Tax number |
41989152992 |
|
Company status |
active |
|
|
|
Legal form |
Limited Liability Company |
|
|
Registered |
2012-12-17, Commercial court Zagreb, MBS: 080821821 |
|
|
|
last court entry: 2015.05.11 |
|
|
|
Statistic number: 2953838 |
|
|
|
OIB: 41989152992 |
|
|
Establishers |
Karla Vučković |
100,00% |
|
|
Gornje Prekrižje 55, 10000 Zagreb, Croatia |
|
|
Basic capital |
HRK 20.000,00 |
|
|
Management |
Dubravko Radman, manager |
|
Dobranska 20, 10000 Zagreb, Croatia
Karla
Vučković, proxy
Gornje Prekrižje
55, 10000 Zagreb, Croatia
|
Activity |
Manufacture of concrete products for construction purposes |
Cutting, shaping and finishing of stone
Quarrying of ornamental and building stone,
limestone, gypsum, chalk and slate
legal site and business premises are located
at the above address the company owns vehicles, number and type not known
Book value of vehicles 2014.12.31: HRK
2.306,00,00
Basic activity code (according to NACE
Rev.2):
Manufacture of concrete products for
construction purposes
|
Staff |
2012 |
0
employees |
|
|
|
|
2013 |
12 employees |
|
|
|
|
2014 |
12 employees |
|
|
|
Total revenue |
2013 HRK |
|
4.813.420 |
|
|
|
|
2014 HRK |
|
5.019.560 |
|
|
|
Real estate |
|
|
data on real estate not available |
|
|
|
|
|
|
insight into real estate register not possible |
|
|
|
Assets |
|
Currency: HRK (
x 1.000 ) |
|
2014.12.31 |
2013.12.31 |
|
|
|
FIXED ASSETS |
|
12 |
9 |
|
|
|
Intangible assets |
|
0 |
0 |
|
|
|
Tangible assets |
|
12 |
9 |
|
|
|
|
- plants and machinery |
10 |
8 |
|
|
|
|
- tools, equipment, vehicles |
2 |
2 |
|
|
|
|
Long term financ. assets |
0 |
0 |
|
|
|
|
Long term receivables |
0 |
0 |
|
|
|
CURRENT ASSETS |
|
2.225 |
2.218 |
|
|
|
Inventories |
|
856 |
1.041 |
|
|
|
|
- raw and auxiliary materials |
0 |
60 |
|
|
|
- trade goods |
|
836 |
970 |
|
|
|
- advance payments |
|
20 |
11 |
|
|
|
|
Short term receivables |
1.360 |
1.087 |
|
|
|
- from sales |
|
1.272 |
824 |
|
|
|
|
- from state and institutions |
88 |
154 |
|
|
|
- others |
|
0 |
110 |
|
|
|
|
Short term financial assets |
4 |
0 |
|
|
|
|
Cash at bank and in hand |
5 |
90 |
|
|
|
ACCRUALS |
|
0 |
155 |
|
|
|
TOTAL ASSETS |
|
2.237 |
2.383 |
|
Liabilities |
|
Currency: HRK ( x 1.000 ) |
|
2014.12.31 |
2013.12.31 |
|
|
|
EQUITY |
|
-1.104 |
36 |
|
|
|
Subscribed capital |
|
20 |
20 |
|
|
|
|
Profit brought forward |
16 |
0 |
|
|
|
Profit of the period |
|
0 |
16 |
|
|
|
Loss of the period |
|
1.141 |
0 |
|
|
|
PROVISIONS |
|
0 |
0 |
|
|
|
LONG TERM LIABILITIES |
|
0 |
0 |
|
|
|
SHORT TERM LIABILITIES |
|
3.341 |
2.347 |
|
|
|
Loans |
|
82 |
115 |
|
|
|
|
Deposits, advances payments |
17 |
0 |
|
|
|
To suppliers |
|
3.071 |
2.016 |
|
|
|
To staff |
|
71 |
56 |
|
|
|
Taxes, fees, etc. |
|
68 |
33 |
|
|
|
|
Other short term liabilities |
32 |
127 |
|
|
|
DEFFERED ITEMS |
|
0 |
0 |
|
|
|
|
TOTAL EQUITY AND LIABILITIES |
2.237 |
2.383 |
|
Profit/loss
account |
Currency: HRK (
x 1.000 ) |
|
2014.12.31 |
2013.12.31 |
|
|
OPERATING REVENUES |
|
5.016 |
4.813 |
|
|
Sales in the country |
|
4.992 |
4.768 |
|
|
Sales abroad |
|
24 |
46 |
|
|
OPERATING EXPENSES |
|
6.144 |
4.790 |
|
|
Material costs |
|
5.227 |
3.818 |
|
|
- raw material costs |
|
687 |
513 |
|
|
- sold goods costs |
|
3.431 |
2.463 |
|
|
- other external costs |
|
1.109 |
842 |
|
|
Staff costs |
|
790 |
871 |
|
|
Depreciation of fixed assets |
|
9 |
3 |
|
|
Other operating expenses |
|
118 |
100 |
|
|
FINANCIAL REVENUES |
|
3 |
0 |
|
|
FINANCIAL EXPENSES |
|
17 |
3 |
|
|
EXTRAORDINARY REVENUES |
|
0 |
0 |
|
|
EXTRAORDINARY EXPENSES |
|
0 |
0 |
|
|
TOTAL REVENUES |
|
5.020 |
4.813 |
|
|
TOTAL EXPENSES |
|
6.160 |
4.793 |
|
|
Profit before taxation |
|
0 |
20 |
|
|
Loss before taxation |
|
1.141 |
0 |
|
|
Taxation on profit |
|
0 |
4 |
|
|
PROFIT OF THE PERIOD |
|
0 |
16 |
|
|
LOSS OF THE PERIOD |
|
1.141 |
0 |
|
Financial ratios |
|
|
2014.12.31 |
2013.12.31 |
|
|
Financial stability ratio |
|
-1,2726 |
0,0344 |
|
|
Solvency ratio (%) |
|
-49,3812 |
1,5159 |
|
|
Debt ratio (in years) |
|
382,7125 |
124,6192 |
|
|
Liquidity ratio |
|
0,4097 |
0,5017 |
|
|
Current ratio |
|
0,6658 |
0,9454 |
|
|
Total assets turnover |
|
2,2443 |
2,0202 |
|
|
Inventories turnover |
|
5,8652 |
4,6232 |
|
|
Collection period (in days) |
|
97,5941 |
81,3321 |
|
|
Creditors Days |
|
220,4223 |
150,7526 |
|
|
Inventories bonding (in days) |
|
61,3789 |
77,8678 |
|
|
Profit margin (%) |
|
|
0,3349 |
|
|
Return on total assets (%) |
|
|
0,6765 |
|
|
Return on equity (%) |
|
|
44,6290 |
|
|
Total revenue per employee (x 1.000) |
|
418,2967 |
401,1183 |
|
|
Profit per employee (x 1.000) |
|
|
1,3433 |
|
|
Loss per employee (x 1.000) |
|
95,0492 |
|
|
|
Equity per employee (x 1.000) |
|
-92,0392 |
3,0100 |
|
|
Total assets per employee (x 1.000) |
|
186,3850 |
198,5583 |
|
|
Staff costs/Turnover (%) |
|
15,7446 |
18,0890 |
|
|
EBIT (x 1.000) |
|
-1.127,3000 |
22,8100 |
|
|
EBITDA (x 1.000) |
|
-1.118,5700 |
25,5200 |
|
|
EBIT Margin (%) |
|
-22,4726 |
0,4739 |
|
|
EBITDA Margin (%) |
|
-22,2986 |
0,5302 |
|
Remarks |
2013 import |
HRK |
170.864,00 |
|
|
|
2014 import |
HRK |
2.061.547,00 |
|
|
|
2013 export |
HRK |
45.613,00 |
|
|
|
2014 export |
HRK |
24.338,00 |
|
|
|
2013 profit |
HRK |
20.350 |
|
|
|
2014 loss |
HRK |
1.140.590 |
|
Investments in: 2013: HRK
10.250,00
2014: HRK 9.515,00
Other shares and functions of Dubravko Radman: - LAGEA R d.o.o., Zagreb;
co-establisher and manager
There is no record of payment complaints. Creditreform debt collection
department has not handled any case against the company. According to the
official information from the Register of transaction accounts, the company
accounts are active and are not blocked (date of last check: 2015.11.18).
Exchange rate:
|
2010-12-31 |
EUR 1 = HRK 7,3852 |
|
2011-12-31 |
EUR 1 = HRK 7,5304 |
|
2012-12-31 |
EUR 1 = HRK 7,5456 |
|
2013-12-31 |
EUR 1 = HRK 7,6376 |
|
2014-12-31 |
EUR 1 = HRK 7,6615 |
|
Inflation: |
|
|
2010: |
1,1% |
|
2011: |
2,3% |
|
2012: |
3,4% |
|
2013: |
2,2% |
|
2014: |
-0,6% |
Bankers ERSTE&STEIERMÄRKISCHE BANK d.d.
Jadranski trg 3a, 51000 Rijeka,
Croatia
HR1724020061100643008
|
Payment behaviour |
Slow |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
|
HRK |
1 |
Rs.9.27 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
SDA |
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.