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Report No. : |
342521 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AUSTENIT STAL HANDEL SP. Z O.O. |
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|
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Registered Office : |
Ul. Glinki 144, 85-861 Bydgoszcz |
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Country : |
Poland |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
27.10.2006 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Subject is engaged in sale of acid-proof steel elements, pipeline
elements, steel sleeves |
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No. of Employee : |
5 (2010) |
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 |
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|
|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Poland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
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. The unemployment rate is now below 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 picked back up in 2014. 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, especially for entrepreneurs. Poland’s long-term challenges include diversifying Poland’s energy mix and sources of supply, as well as stemming the outflow of educated young Poles to other EU Member States, especially in light of a coming demographic contraction as the Solidarity-era baby boom generation ages.
|
Source
: CIA |
|
AUSTENIT
STAL HANDEL SP. Z O.O. |
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|
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Ul. Glinki 144, 85-861 Bydgoszcz |
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Phone: 52 3205219 |
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Mobile phone: 606 320281 |
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796 799250 |
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Ph./Fax: 52 3631086 |
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E-mail:
biuro@austenit.bydgoszcz.pl |
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Website: www.austenit.bydgoszcz.pl |
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|
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Legal form |
Limited liability company |
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Stat.no. |
340261697 |
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Tax ID |
PL 9532536562 |
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Establishment |
27.10.2006 |
|
Changes of names and addresses |
ul. Glinki 144/212, 85-861 Bydgoszcz |
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|
15.07.2013 ul. Glinki 144, 85-861 Bydgoszcz |
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Registration: |
03.01.2007, District Court Bydgoszcz, XIII Department, KRS 270795 |
|
Shareholders |
Sławomir
Kazimierz Chyła , personal ID no. (PESEL) 68042807319, ul. Czarna Droga
11/7, 85-220 Bydgoszcz |
PLN |
1 300 000,00 |
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||||||||
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Initial Capital |
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PLN 1 450 000,00 |
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Initial capital divided into 2900 shares of PLN 500,00 each |
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|
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Changes of initial capital |
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|
|
- since 03.01.2007 until 14.07.2015 the capital estimated |
PLN 150 000,00 |
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An in-kind contribution has been made and valued at |
PLN 1 300 000,00 |
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|
|
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Marek Zygmunt
Pytlarz , personal ID no. (PESEL) 51032309638, ul. Brzozowa 21/38, 85-154
Bydgoszcz |
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Proxies: |
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Representation: |
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Sale of
acid-proof steel elements, pipeline elements, steel sleeves |
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Branches NACE
2007: |
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Other wholesale |
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Wholesale of
hardware, plumbing and heating equipment and supplies |
|
General mechanical
engineering |
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Other
transportation activities |
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Real estate
renting |
|
Employment |
2007: 4 employees |
|
2010 |
PLN |
10 638 274,85 |
|
2011 |
PLN |
12 157 137,16 |
|
2012 |
PLN |
13 630 284,75 |
|
2013 |
PLN |
13 381 182,93 |
|
2014 |
PLN |
13 398 556,82 |
|
Source of financial data |
Court |
Court |
Court |
Court |
|
|
annual |
annual |
annual |
annual |
|
Personal balance sheet as at |
31.12.2014 |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
-A. Fixed assets...................... |
2 583 141,01 |
2 684 967,08 |
2 423 289,02 |
1 763 643,22 |
|
- II. Tangible assets............... |
2 583 141,01 |
2 684 967,08 |
2 423 289,02 |
1 763 643,22 |
|
- 1. Fixed goods................... |
2 583 141,01 |
2 399 665,65 |
1 757 398,70 |
1 238 189,24 |
|
- a)
land........................ |
571 000,00 |
571 000,00 |
571 000,00 |
|
|
- b) buildings, premises, |
1 907 956,46 |
1 685 961,22 |
1 015 446,10 |
|
|
- c) machinery and
equipment..... |
|
0,00 |
161 836,77 |
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|
- d) fleet of motor vehicles..... |
53 324,88 |
124 061,04 |
9 115,83 |
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- e) other fixed
goods........... |
50 859,67 |
18 643,39 |
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|
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- 2. Fixed goods under |
|
285 301,43 |
665 890,32 |
332 500,00 |
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- 3. Prepayments for fixed goods |
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|
|
192 953,98 |
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-B. Current assets.................... |
3 344 058,01 |
2 835 938,93 |
2 522 759,82 |
1 985 291,56 |
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- I. Stock......................... |
2 971 268,13 |
2 488 405,15 |
1 392 525,10 |
1 550 656,03 |
|
- 4. Goods for re-sale............. |
2 971 268,13 |
2 488 405,15 |
1 392 525,10 |
1 550 656,03 |
|
- II. Short-term receivables......... |
355 120,98 |
307 609,33 |
389 266,69 |
391 186,40 |
|
- 2. Other receivables ............ |
355 120,98 |
307 609,33 |
389 266,69 |
391 186,40 |
|
- a) Due to deliveries and |
355 120,98 |
305 145,33 |
389 266,69 |
391 186,40 |
|
- - up to 12
months............ |
355 120,98 |
305 145,33 |
389 266,69 |
391 186,40 |
|
- b) Due to taxes,
subsidies, |
|
2 464,00 |
|
|
|
- III. Short term investments........ |
11 405,40 |
39 924,45 |
740 968,03 |
43 449,13 |
|
- 1. Short-term financial assets... |
11 405,40 |
39 924,45 |
740 968,03 |
43 449,13 |
|
- c) cash and other liquid |
6 976,10 |
39 924,45 |
740 968,03 |
43 449,13 |
|
- - cash in
hand and on bank |
6 976,10 |
39 924,45 |
740 968,03 |
43 449,13 |
|
-IV. Short-term prepayments and |
6 263,50 |
|
|
|
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-D. Total assets...................... |
5 927 199,02 |
5 520 906,01 |
4 946 048,84 |
3 748 934,78 |
|
-A. Shareholders' equity.............. |
3 398 477,70 |
3 185 952,03 |
2 982 224,57 |
2 766 094,34 |
|
- I. Basic share capital........... |
1 450 000,00 |
1 450 000,00 |
1 450 000,00 |
1 450 000,00 |
|
- VII. Profit (loss) carried forward. |
1 735 952,03 |
1 532 224,57 |
1 316 094,34 |
1 183 275,34 |
|
- VIII. Net profit (loss)............ |
212 525,67 |
203 727,46 |
216 130,23 |
132 819,00 |
|
-B. Liabilities and reserves for |
2 528 721,32 |
2 334 953,98 |
1 963 824,27 |
982 840,44 |
|
-II. Long-term liabilities........... |
266 676,00 |
358 339,00 |
466 668,00 |
|
|
- 2. Other liabilities............... |
266 676,00 |
358 339,00 |
466 668,00 |
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- a) Loans......................... |
|
358 339,00 |
466 668,00 |
|
|
-III. Short-term liabilities.......... |
2 262 045,32 |
1 976 614,98 |
1 497 156,27 |
976 317,44 |
|
- 2. Other liabilities............... |
2 262 045,32 |
1 976 614,98 |
1 497 156,27 |
976 317,44 |
|
- a) Loans......................... |
1 020 676,86 |
739 340,09 |
1 092 338,34 |
600 589,06 |
|
- d)Due to deliveries and |
870 741,37 |
481 533,88 |
301 122,33 |
334 123,50 |
|
- - up to 12
months.............. |
870 741,37 |
481 533,88 |
301 122,33 |
334 123,50 |
|
- e) Advances received............. |
250 150,00 |
|
|
|
|
- g) Due to taxes, subsidies, |
120 477,09 |
80 980,61 |
103 695,60 |
41 604,88 |
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- i) Other......................... |
|
674 760,40 |
|
|
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-IV. Accruals and deferred income.... |
|
|
|
6 523,00 |
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- 2. Other accruals.................. |
|
|
|
6 523,00 |
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- - short-term..................... |
|
|
|
6 523,00 |
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-D. Total liabilities................. |
5 927 199,02 |
5 520 906,01 |
4 946 048,84 |
3 748 934,78 |
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|
|
|
|
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Source of financial data |
Court |
Court |
Court |
Court |
|
|
annual |
annual |
annual |
annual |
|
individual PROFIT AND LOSS ACCOUNT |
01.01.2014- |
01.01.2013- |
01.01.2012- |
01.01.2011- |
|
-A. Income from sales and similar..... |
13 398 556,82 |
13 381 182,93 |
13 630 284,75 |
12 157 137,16 |
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- I. Net income on sales........... |
13 398 556,82 |
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|
|
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- IV. Income from sales of goods |
|
13 381 182,93 |
13 630 284,75 |
12 157 137,16 |
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-B. Operational costs................. |
13 055 097,22 |
13 008 754,77 |
13 319 162,61 |
11 960 034,49 |
|
- I. Depreciation.................. |
239 017,91 |
216 167,42 |
188 911,95 |
157 760,09 |
|
- II. Materials and energy.......... |
792 105,95 |
626 549,04 |
593 301,03 |
467 061,52 |
|
- III. Third party services.......... |
899 535,95 |
726 548,01 |
767 112,06 |
860 102,93 |
|
- IV. Taxes and duties.............. |
51 379,62 |
60 952,35 |
33 127,05 |
25 977,24 |
|
- V. Salaries and wages............ |
1 110 502,45 |
960 759,89 |
728 383,54 |
725 031,60 |
|
- VI. Social security............... |
177 011,82 |
170 121,74 |
125 022,28 |
104 375,78 |
|
- VII. Other......................... |
46 942,90 |
9 167,63 |
12 295,13 |
11 267,72 |
|
- VIII.Costs of goods and materials |
9 738 600,62 |
10 238 488,69 |
10 871 009,57 |
9 608 457,61 |
|
-C. Profit on sale.................... |
343 459,60 |
372 428,16 |
311 122,14 |
197 102,67 |
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-D. Other operating incomes........... |
|
|
4 202,63 |
|
|
- III. Other operating incomes....... |
|
|
4 202,63 |
|
|
-E. Other operating costs............. |
30 661,82 |
66 923,98 |
0,00 |
361,41 |
|
- III. Other operating costs......... |
30 661,82 |
66 923,98 |
|
361,41 |
|
-F. Profit on operating activities.... |
312 797,78 |
305 504,18 |
315 324,77 |
196 741,26 |
|
-G. Financial incomes................. |
10 998,66 |
4 781,36 |
7 738,79 |
5 167,48 |
|
- II. Interest received............. |
10 998,66 |
4 781,36 |
7 738,79 |
5 167,48 |
|
-H. Financial costs................... |
61 418,77 |
58 770,08 |
53 214,33 |
26 104,74 |
|
- I. Interest...................... |
61 418,77 |
58 770,08 |
53 214,33 |
26 104,74 |
|
-I. Profit on economic activity....... |
262 377,67 |
251 515,46 |
269 849,23 |
175 804,00 |
|
-K. Gross profit...................... |
262 377,67 |
251 515,46 |
269 849,23 |
175 804,00 |
|
-L. Corporation tax................... |
49 852,00 |
47 788,00 |
53 719,00 |
42 985,00 |
|
-N. Net profit........................ |
212 525,67 |
203 727,46 |
216 130,23 |
132 819,00 |
|
Ratios |
01.01.2014- |
01.01.2013- |
01.01.2012- |
01.01.2011- |
|
Current ratio |
1,48 |
1,43 |
1,69 |
2,03 |
|
Quick ratio |
0,16 |
0,18 |
0,75 |
0,45 |
|
Immediate ratio |
|
0,02 |
0,49 |
0,04 |
|
Return on sale |
1,59 |
1,52 |
1,59 |
1,09 |
|
Return on assets |
3,59 |
3,69 |
4,37 |
3,54 |
|
Return on equity |
6,25 |
6,39 |
7,25 |
4,80 |
|
Average trade debtors' days |
9,67 |
8,39 |
10,45 |
11,74 |
|
Average stock turnover's days |
80,94 |
67,88 |
37,39 |
46,56 |
|
average payables payment period |
61,62 |
53,92 |
40,20 |
29,31 |
|
Total indebtedness ratio |
42,66 |
42,29 |
39,70 |
26,22 |
|
While rating the
company, it is advisable |
|||||
|
(G.46.72.Z - NACE 2007), as at : |
31.03.2015 |
31.12.2014 |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Current ratio............................ |
1,51 |
1,53 |
1,15 |
1,37 |
1,34 |
|
Quick ratio.............................. |
0,75 |
0,71 |
0,58 |
0,71 |
0,77 |
|
Immediate ratio.......................... |
0,04 |
0,06 |
0,03 |
0,04 |
0,04 |
|
Return on sale........................... |
0,96 |
2,83 |
0,81 |
-0,18 |
0,99 |
|
Return on assets......................... |
0,51 |
6,09 |
1,60 |
-0,36 |
2,22 |
|
Return on equity......................... |
1,56 |
18,53 |
4,48 |
-1,25 |
6,30 |
|
Average trade debtors' days.............. |
47,74 |
42,77 |
49,15 |
50,75 |
56,32 |
|
Average stock turnover's days............ |
51,89 |
56,17 |
56,58 |
53,29 |
45,82 |
|
average payables payment period.......... |
73,80 |
72,56 |
99,07 |
81,11 |
81,10 |
|
Total indebtedness ratio................. |
67,41 |
67,16 |
64,30 |
70,88 |
64,74 |
|
Percent share in the examinated group |
70,50 |
80,50 |
71,40 |
57,40 |
82,20 |
|
Sales/revenue per employee in th. PLN.... |
497,63 |
2 127,06 |
1 780,62 |
1 643,88 |
1 927,15 |
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Average sales/revenue per company in |
60 461,73 |
258 048,27 |
219 863,81 |
183 450,40 |
218 153,02 |
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according to the Central Statistical Office |
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seat: |
|
Book value of
buildings as at 31.12.2014 |
|
Book value of
lands as at 31.12.2014 |
|
Verification of information
on real estate ownership position through the Real Estate Register is not
covered by the standard report. |
Means of transport As at 31.12.2013 book value of car fleet was: PLN 124 061,04
|
Shares in other
companies |
As at 07.09.2015
there are no shares in other companies. |
|
Sławomir
Kazimierz Chyła , personal ID no. (PESEL) 68042807319 |
|
The subject has
not decided to cooperate in elaboration of the report. |
|
Banks |
Bank Zachodni
WBK SA |
|
Payment Manner |
In available sources,
payment delays have not been noted |
|
Credit
capability |
Business
connections appear permissible, credits should not be refused. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.74 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ASH |
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.