MIRA INFORM REPORT

 

 

Report No. :

344443

Report Date :

09.10.2015

 

IDENTIFICATION DETAILS

 

Name :

EUTIT S.R.O.

 

 

Formerly Known As :

ABRAM SPOL. S R.O.

 

 

Registered Office :

Stará Voda 196 , 353 01 Mariánské Lázně 

 

 

Country :

Czech Republic

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

19.01.1993

 

 

Com. Reg. No.:

C 3089

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Other Non-Metallic Mineral Products.

 

 

No. of Employees :

215 [2015]

 

 

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 :

Slow But Correct

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)

Czech Republic

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

CZECH REPUBLIC - 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


Company name & address

 

EUTIT S.R.O.
Stará Voda 196 
353 01 Mariánské Lázně 
Telephone: 00420/ 354 789 111
Telefax: 00420/ 354 691 480
E-mail: eutit@eutit.cz
Web: www.eutit.cz

 

 

Company summary

 

 

Company development

Positive company development

(20)

 

Order situation

Satisfactory course of business

(31)

Terms of payment

mostly within agreed terms, but partly also delayed

(32)

 

Business connection

Business connections are permissible

(21)

Legal form

Private limited company

 

 

Foundation

19/01/1993 - Private limited company

Comp. Register

19/01/1993, Krajský soud Plzeň, RegNr.: C 3089
Statistical number: 47714930
Tax number: CZ47714930

 

Share Capital

01/03/1995

CZK

430 000,-

 

 

 28/08/1995

CZK

1 000 000,-

 

 

 

30/08/1995

CZK

2 000 000,-

 

Shareholders

Pavel Dragoun (05.10.1947)
V Zahradách 28, 350 02 Cheb

CZK

1 280 000,-

 

 

 

Jan Neustupný (10.04.1947)
Tepelská 544/6, 353 01 Mariánské Lázně, Úšovice

CZK

160 000,-

 

 

Ladislav Škroch (03.06.1954)
Královské svahy 431, 354 91 Lázně Kynžvart

CZK

110 000,-

 

 

 

Evžen Král (25.09.1937)
Hroznatova 495/ 31, 353 01 Mariánské Lázně

CZK

50 000,-

 

 

František Halama (10.11.1949)
Pohraniční stráže 72, 354 71 Velká Hleďsebe

CZK

50 000,-

 

 

 

Jiří Kovačík (20.01.1955)
Polní 365, 354 91 Lázně Kynžvart

CZK

50 000,-

 

 

Josef Kraisl (27.06.1977)
Satelitní 166/4, 350 02 Cheb, Podhrad

CZK

50 000,-

 

 

 

Milan Vlasák (07.09.1941)
Lidická 368/13, 353 01 Mariánské Lázně 1

CZK

50 000,-

 

Management

Josef Kraisl (27.06.1977)
Satelitní 166/4, 350 02 Cheb, Podhrad 
Executive Manager

 

 

Pavel Dragoun (05.10.1947)
V Zahradách 28, 350 02 Cheb 
Executive Manager

 

Ladislav Škroch (03.06.1954)
Královské svahy 431, 354 91 Lázně Kynžvart 
confidential clerk

 

General Data

Development and manufacture of products from fused basalt: pavings, industrial floors, insert pieces, elements of sewage-systems, special casted pieces, piping systems.

 

Main activity:
Manufacture of other non-metallic mineral products n.e.c.


(23.99)

 

 

Former name(s)
ABRAM spol. s r.o.
Beginning of validity: 19.01.1993
End of validity: 02.01.1995

 

EUTIT s. r. o.
Beginning of validity: 02.01.1995
End of validity: 30.04.2010

 

 

Trade name(s)
EUTIT s.r.o.
Beginning of validity: 30.04.2010

 

Export:
Belgium
Canada
Germany
Great Britain
India
Italy
Japan
Spain
USA

65%

 

 

General contacts:
telephone:
00420/ 354 789 111
telefax:
00420/ 354 691 480
e-mail:
eutit@eutit.cz
Web:
www.eutit.cz

 

Address:
Stará Voda 196, 353 01 Mariánské Lázně 
Beginning of validity: 17.04.2015

 

 

Stará Voda 196, 353 01 Mariánské Lázně 
Beginning of validity: 30.04.2010
End of validity: 17.04.2015

 

196, Stará Voda 
Beginning of validity: 02.01.1995
End of validity: 30.04.2010

 

 

V zahradách 28, Cheb 
Beginning of validity: 20.04.1993
End of validity: 02.01.1995

 

V zahrádkách 28, Cheb 
Beginning of validity: 19.01.1993
End of validity: 20.04.1993

 

 

business locations:
Závod slévárna Plzeň
Železniční 2672/21, 326 00 Plzeň - Východní Předměstí

Staff

2006

193 employees

 

 

2008

211 employees

 

2010

185 employees

 

 

2011

202 employees

 

2012

204 employees

 

 

2013

200 employees

 

2014

209 employees

 

 

2015

215 employees

Annual Sales

2005

actual sales

CZK

147 277 000,-

 

 

 

2006

actual sales

CZK

213 291 000,-

 

 

2007

actual sales

CZK

200 153 000,-

 

 

 

2008

actual sales

CZK

229 669 000,-

 

 

2009

actual sales

CZK

205 107 000,-

 

 

 

2010

actual sales

CZK

224 187 000,-

 

 

2011

actual sales

CZK

245 662 000,-

 

 

 

2012

actual sales

CZK

214 950 000,-

 

 

2013

actual sales

CZK

223 500 000,-

 

 

 

2014

actual sales

CZK

331 214 000,-

 

 

The company is not registered in the Central register of executions.

 

Property

Property of the company: Business premises 

CZ-353 01 Stará Voda, Stará Voda 196

 

contractual right of lien

 

Balance sheets

The enclosed balance of 2014 company's own data, -. (31.12.2014 - 1 CZK)
The enclosed balance of 2013 from business register, -. (31.12.2013 - 1 CZK)
The enclosed balance of 2012 from business register, -. (31.12.2012 - 1 CZK)

 

The enclosed profit/loss account of 2014 company's own data, -. (31.12.2014 - 1 CZK)
The enclosed profit/loss account of 2013 from business register, -. (31.12.2013 - 1 CZK)
The enclosed profit/loss account of 2012 from business register, -. (31.12.2012 - 1 CZK)

 

Remarks

All the sources of negative data accessible to public (insolvency registers, databases of debtors of health insurance institutions, commercial bulletin, collection database of and others) are currently monitored.

 

To the successor company EUTIT s.r.o., IČ 47714930, Mariánské Lázně
- Stará Voda 196, property of the disappearing company Slévárna Plzeň 
s.r.o., IČ 28027540, Železniční 2672/21 was transferred, in cosequence
of fusion by merger, according to Project on merger from 28.05.2014. 

Management:
Pavel Dragoun - director
Ing. Václav Svoboda – financial director, phone: 00420/ 354 789 173,
00420/ 733 610 524, e-mail: vaclav.svoboda@eutit.cz
Ing. Vladimír Hlaváč - business director, phone: 00420/ 354 789 185
Martin Katina – director for manufacture, phone: 00420/ 354 789 129
Bc. Richard Bílek – technical director, phone: 00420/ 354 789 133, 00420/ 735 173 029
Pavlína Straková - staff manager, phone: 00420/ 354 789 156
Vladimíra Horenská - accountant, phone: 00420/ 354 789 177

As of 1.1.1995, property of the state concern EUTIT Stará Voda 
was transferred to the company, according to privatization project
from 24.08.1994 and purchase agreement from 1.1.1995.

The products are used above all for facilities with higher abrasion
and chemical influences.
The raw material comes from the quarry of Šlapany u Chebu. 

Subsidiary companies: 
- Slévárna Plzeň s.r.o., IČ 28027540, share 100%
- Eutit Bulgaria AD, Veliko Turmovo, share 50%
- Eutit UA, Chimikov 42, Doněck, share 50%

From 31.12.2015, the premises: Závod slévárna Plzeň (foundry) 
will be moved to the address: Stará Voda nr. 196, and only 
material-development activities will stay there. 

 

Bankers

UniCredit Bank Czech Republic and Slovakia, a.s. 
Account number: 503210034/2700

Komerční banka, a.s. 
Account number: 11200331/0100

UniCredit Bank Czech Republic and Slovakia, a.s. 
Account number: 504416034/2700

Raiffeisenbank, a. s. 
Account number: 2362092001/5500
Account number: 2362092036/5500

Citibank Europe plc, organizační složka 
Account number: 2521900118/2600
Account number: 000000-2521900206/2600

Československá obchodní banka, a. s. 
Account number: 71847313/0300

Account number: 0478369763/0300

Raiffeisenbank, a. s. 
Account number: 000000-2362092001/5500

Citfin, spořitelní družstvo
Account number: 000000-0001068664/2060

Raiffeisenbank, a. s. 
Account number: 5013015335/5500

(2700)

(0100)

(2700)

(5500)

(2600)

(0300)

(5500)

(2060)

(5500)

Copyright: s.r.o. Praha

This information is addressed exclusively to the addressee. Contractor obligates to provide updated information. Although it is always put maximum effort to collect actual and exact information, it is not confirmed as delinquency if there are particular inaccurateness contained within the information, which are not considered as essential in terms of the objective for which the information is provided to the addressee. Contractor and recipient conform to the rules of the Name and Description Security Act, Nub.101/2000. According to the Name and Description Security Act, recipient has the right to process or to use forwarding data only for the purpose for which information has been sent to the recipient. Usage for other purpose is acceptable only in case referring to valid regulations of the above mentioned act.

 

 

 

 

BALANCE

31.12.2011 (CZK)

31.12.2012 (CZK)

31.12.2013 (CZK)

31.12.2014 (CZK)

 

TOTAL ASSETS

272 188 000

261 922 000

261 663 000

333 468 000

 

Receivables for subscriptions

0

0

0

0

 

Fixed assets

101 363 000

105 768 000

107 476 000

114 958 000

 

Intangible fixed assets

1 044 000

564 000

706 000

446 000

 

Incorporation expenses

0

0

0

 

 

Research and development

0

0

0

 

 

Software

954 000

564 000

116 000

64 000

 

Valuable rights

0

0

0

 

 

Goodwill

0

0

0

 

 

Other intangible fixed assets

90 000

0

590 000

382 000

 

Intangible fixed assets under construction

0

0

0

 

 

Advance payments for intangible fixed assets

0

0

0

 

 

Tangible fixed assets

67 306 000

74 919 000

84 067 000

97 592 000

 

Lands

3 255 000

3 255 000

3 255 000

4 607 000

 

Constructions

34 411 000

35 730 000

34 852 000

44 220 000

 

Equipment

22 827 000

21 198 000

21 135 000

26 646 000

 

Perennial corps

0

0

0

 

 

Breeding and draught animals

0

0

0

 

 

Other tangible fixed assets

133 000

620 000

745 000

1 288 000

 

Tangible fixed assets under construction

3 423 000

12 062 000

22 926 000

31 866 000

 

Advance payments for tangible fixed assets

3 257 000

2 054 000

1 154 000

 

 

Adjustment to acquired assets

0

0

0

-11 035 000

 

Long-term financial assets

33 013 000

30 285 000

22 703 000

16 920 000

 

Shares in controlled and managed organizations

0

0

0

 

 

Shares in accounting units with substantial influence

1 885 000

1 885 000

1 885 000

1 885 000

 

Other securities and shares

6 910 000

8 582 000

6 788 000

6 347 000

 

Loans to controlled and managed organizations and to accounting unit with substantial influence

14 350 000

9 950 000

6 350 000

 

 

Other financial investments

9 868 000

9 868 000

7 680 000

8 688 000

 

Financial investments acquired

0

0

0

 

 

Advance payments for long-term financial assets

0

0

0

 

 

Current assets

168 706 000

155 176 000

152 765 000

216 738 000

 

Inventory

66 985 000

75 455 000

72 476 000

100 141 000

 

Materials

11 981 000

11 493 000

10 837 000

17 161 000

 

Work in progress and semi-products

202 000

212 000

316 000

604 000

 

Finished products

54 390 000

63 594 000

60 373 000

80 325 000

 

Animals

19 000

19 000

19 000

19 000

 

Merchandise

393 000

137 000

931 000

2 032 000

 

Advance payments for inventory

0

0

0

 

 

Long-term receivables

0

0

0

0

 

Trade receivables

0

0

0

 

 

Receivables from controlled and managed organizations

0

0

0

 

 

Receivables from accounting units with substantial influence

0

0

0

 

 

Receivables from partners, cooperative members and association members

0

0

0

 

 

Long-term deposits given

0

0

0

 

 

Estimated receivable

0

0

0

 

 

Other receivables

0

0

0

 

 

Deferred tax receivable

0

0

0

 

 

Short-term receivables

45 300 000

45 274 000

49 143 000

59 400 000

 

Trade receivables

42 860 000

35 871 000

42 105 000

41 437 000

 

Receivables from controlled and managed organizations

0

0

0

 

 

Receivables from accounting units with substantial influence

0

0

0

 

 

Receivables from partners, cooperative members and association members

0

0

0

 

 

Receivables from social security and health insurance

0

0

0

 

 

Due from state - tax receivable

1 622 000

8 360 000

4 367 000

2 977 000

 

Short-term deposits given

125 000

229 000

847 000

2 796 000

 

Estimated receivable

9 000

89 000

901 000

9 000

 

Other receivables

684 000

725 000

923 000

12 181 000

 

Short-term financial assets

56 421 000

34 447 000

31 146 000

57 197 000

 

Cash

127 000

182 000

158 000

248 000

 

Bank accounts

56 294 000

34 265 000

25 871 000

56 782 000

 

Short-term securities and ownership interests

0

0

5 117 000

167 000

 

Short-term financial assets acquired

0

0

0

 

 

Accruals

2 119 000

978 000

1 422 000

1 772 000

 

Deferred expenses

796 000

439 000

747 000

931 000

 

Complex deferred costs

0

0

0

 

 

Deferred income

1 323 000

539 000

675 000

841 000

 

TOTAL LIABILITIES

272 188 000

261 922 000

261 663 000

333 468 000

 

Equity

235 710 000

233 481 000

229 577 000

266 653 000

 

Registered capital

2 000 000

2 000 000

2 000 000

2 000 000

 

Registered capital

2 000 000

2 000 000

2 000 000

2 000 000

 

Company’s own shares and ownership interests (-)

0

0

0

 

 

Changes of registered capital ( +/- )

0

0

0

 

 

Capital funds

119 000

119 000

119 000

24 056 000

 

Share premium

0

0

0

 

 

Other capital funds

119 000

119 000

119 000

119 000

 

Differences from revaluation of assets and liabilities ( +/- )

0

0

0

 

 

Differences from revaluation in transformation ( +/- )

0

0

0

 

 

Diferences from tranformation of companies ( +/- )

 

 

 

23 937 000

 

Reserve funds, statutory reserve account for cooperatives, and other retained earnings

1 659 000

1 767 000

1 846 000

1 785 000

 

Legal reserve fund / indivisible fund

200 000

200 000

200 000

200 000

 

Statutory and other funds

1 459 000

1 567 000

1 646 000

1 585 000

 

Profit / loss - previous years

191 073 000

216 912 000

215 728 000

185 504 000

 

Retained earnings from previous years

191 073 000

216 912 000

214 575 000

184 351 000

 

Accumulated losses from previous years

0

0

1 153 000

 

 

Other profit / loss - previous years

 

 

 

1 153 000

 

Profit / loss - current year (+/-)

40 859 000

12 683 000

9 884 000

53 308 000

 

Liabilities

34 735 000

27 457 000

31 379 000

63 867 000

 

Reserves

3 296 000

0

0

0

 

Reserves under special statutory regulations

3 296 000

0

0

 

 

Reserves for pension and similar payables

0

0

0

 

 

Income tax reserves

0

0

0

 

 

Other reserves

0

0

0

 

 

Long-term payables

4 750 000

4 853 000

4 776 000

6 602 000

 

Trade payables

0

0

0

 

 

Payables to controlled and managed organizations

0

0

0

 

 

Payables to accounting units with substantial influence

0

0

0

 

 

Payables from partners, cooperative members and association members

0

0

0

 

 

Long-term advances received

0

0

0

 

 

Issues bonds

0

0

0

 

 

Long-term notes payables

0

0

0

 

 

Estimated payables

0

0

0

 

 

Other payables

0

0

0

 

 

Deferred tax liability

4 750 000

4 853 000

4 776 000

6 602 000

 

Short-term payables

26 689 000

22 604 000

26 603 000

41 311 000

 

Trade payables

7 091 000

3 498 000

10 042 000

12 459 000

 

Payables to controlled and managed organizations

0

0

0

 

 

Payables to accounting units with substantial influence

0

0

0

 

 

Payables from partners, cooperative members and association members

9 015 000

9 065 000

9 057 000

9 059 000

 

Payroll

3 552 000

4 056 000

3 658 000

5 344 000

 

Payables to social securities and health insurance

2 227 000

3 948 000

2 332 000

4 742 000

 

Due from state - tax liabilities and subsidies

3 824 000

1 251 000

560 000

7 219 000

 

Short-term deposits received

970 000

776 000

895 000

1 333 000

 

Issues bonds

0

0

0

 

 

Estimated payables

10 000

10 000

55 000

1 125 000

 

Other payables

0

0

4 000

30 000

 

Bank loans and financial accommodations

0

0

0

15 954 000

 

Long-term bank loans

0

0

0

12 881 000

 

Short-term bank loans

0

0

0

3 073 000

 

Short-term accommodations

0

0

0

 

 

Accruals

1 743 000

984 000

707 000

2 948 000

 

Accrued expenses

1 742 000

983 000

706 000

2 947 000

 

Deferred revenues

1 000

1 000

1 000

1 000

 

profit/loss account

31.12.2011 (CZK)

31.12.2012 (CZK)

31.12.2013 (CZK)

31.12.2014 (CZK)

 

Turnover

245 662 000

214 950 000

223 500 000

331 214 000

 

Revenues from sold goods

583 000

594 000

587 000

607 000

 

Expenses on sold goods

530 000

540 000

541 000

551 000

 

Sale margin

53 000

54 000

46 000

56 000

 

Production

265 403 000

227 201 000

226 025 000

350 920 000

 

Revenues from own products and services

245 079 000

214 356 000

223 478 000

330 607 000

 

Change in inventory of own products

17 775 000

11 599 000

1 173 000

18 288 000

 

Capitalization

2 549 000

1 246 000

1 374 000

2 025 000

 

Production consumption

108 509 000

108 680 000

104 940 000

152 903 000

 

Consumption of material and energy

74 555 000

70 983 000

61 132 000

89 374 000

 

Services

33 954 000

37 697 000

43 808 000

63 529 000

 

Added value

156 947 000

118 575 000

121 131 000

198 073 000

 

Personnel expenses

89 744 000

94 551 000

90 909 000

118 498 000

 

Wages and salaries

66 673 000

70 327 000

67 574 000

88 094 000

 

Renumeration of board members

0

0

0

 

 

Social security expenses and health insurance

22 472 000

23 779 000

22 836 000

29 568 000

 

Other social expenses

599 000

445 000

499 000

836 000

 

Taxes and fees

577 000

609 000

612 000

690 000

 

Depreciations of intangible and tangible assets

6 861 000

6 701 000

7 518 000

9 086 000

 

Revenues from disposals of fixed assets and materials

6 206 000

5 949 000

5 724 000

9 664 000

 

Revenues from disposals of fixed assets

12 000

53 000

0

30 000

 

Revenues from disposals of materials

6 194 000

5 896 000

5 724 000

9 634 000

 

Net book value of disposed fixed assets and materials

3 399 000

3 227 000

3 864 000

7 522 000

 

Net book value of sold fixed assets

0

0

0

250 000

 

Net book value of sold material

3 399 000

3 227 000

3 864 000

7 272 000

 

Change in operating reserves and adjustments and complex deferred costs ( + / - )

-4 532 000

-3 642 000

5 285 000

5 050 000

 

Other operating revenues

788 000

2 429 000

565 000

4 062 000

 

Other operating expenses

3 195 000

4 286 000

2 114 000

 

 

Transfer of operating revenues

0

0

0

5 772 000

 

Transfer of operating expenses

0

0

0

 

 

Operating profit / loss

64 697 000

21 221 000

17 118 000

65 181 000

 

Revenues from sales of securities and ownership interests

0

0

0

6 072 000

 

Sold securities and ownership interests

0

0

0

5 435 000

 

Revenues from long-term financial assets

0

1 218 000

838 000

1 291 000

 

Revenues from shares in controlled and managed organizations and in accounting units with substantial influence

0

0

0

 

 

Revenues from others securities and ownership interests

0

0

0

 

 

Revenues from other long-term financial assets

0

1 218 000

838 000

1 291 000

 

Revenues from short-term financial assets

0

0

310 000

296 000

 

Expenses associated with financial assets

0

0

0

 

 

Revenues from revaluation of securities and derivatives

0

0

27 000

8 000

 

Cost of revaluation of securities and derivatives

0

0

48 000

 

 

Change in financial reserves and adjustments ( + / - )

12 894 000

3 866 000

7 822 000

-567 000

 

Interest revenues

297 000

241 000

87 000

89 000

 

Interest expenses

58 000

0

0

254 000

 

Other financial revenues

8 139 000

5 284 000

8 037 000

5 221 000

 

Other financial expenses

6 214 000

6 957 000

3 277 000

6 417 000

 

Transfer of financial revenues

0

0

0

 

 

Transfer of financial expenses

0

0

0

 

 

 

 

 

 

 

 

Profit / loss from financial operations ( transactions )

-10 730 000

-4 080 000

-1 848 000

1 438 000

 

Income tax on ordinary income

13 108 000

4 458 000

5 386 000

13 311 000

 

Due tax

12 971 000

4 355 000

5 462 000

10 700 000

 

Tax deferred

137 000

103 000

-76 000

2 611 000

 

Operating profit / loss ordinary activity

40 859 000

12 683 000

9 884 000

53 308 000

 

Extraordinary revenues

0

0

0

 

 

Extraordinary expenses

0

0

0

 

 

Income tax on extraordinary income

0

0

0

 

 

Due tax

0

0

0

 

 

Tax deferred

0

0

0

 

 

Operating profit / loss extraordinary activity

0

0

0

0

 

Transfer profit ( loss ) to partners (+/-)

0

0

0

 

 

Profit / loss of current accounting period (+/-)

40 859 000

12 683 000

9 884 000

53 308 000

 

Profit / loss before tax (+/-)

53 967 000

17 141 000

15 270 000

66 619 000

 

Operating cash flow

59 226 000

2 670 000

18 952 000

55 954 000

 

Investment cash flow

-9 229 000

-10 935 000

-8 335 000

-17 748 000

 

Financial cash flow

-14 871 000

-13 709 000

-13 918 000

-12 155 000

 

Receivables after due date total

28 292 000

24 842 000

27 051 000

21 270 000

 

Receivables more than 180 days after due date

10 496 000

5 403 000

6 584 000

5 483 000

 

Liabilities after due date total

178 000

32 000

1 007 000

1 868 000

 

Liabilities more than 180 days after due date

63 000

20 000

2 000

93 000

 

 

 

 

 

 

 

BALANCE INDICES

 

31.12.2011

31.12.2012

31.12.2013

31.12.2014

Return on total assets ROA (in %)

a62/r1 * 100

19,83

6,54

5,84

19,98

Return on equity ROE (in %)

a62/r68 * 100

22,90

7,34

6,65

24,98

Return on sales ROS (in %)

a62/a1 * 100

21,97

7,97

6,83

20,11

Turnover of receivables (in days)

r49/a1 * 365

63,68

60,91

68,76

45,66

Turnover of liabilities (in days)

r103/a1 * 365

10,54

5,94

16,40

13,73

Turnover of inventories (days)

r32/a1 * 365

99,53

128,13

118,36

110,36

Net working capital (in ths. CZK)

r31 - r102 - r116 - r117

142 017,00

132 572,00

126 162,00

172 354,00

Ratio of accounts payable to accounts receivable (in %)

(r39+r48) / (r91+r102) * 100

144,09

164,89

156,61

123,97

Ratio of profit/loss to tangible assets (in%)

r3 / a1 * 100

41,26

49,21

48,09

34,71

Current ratio

r31 / (r102+r116+r117)

6,32

6,87

5,74

4,88

Quick ratio

(r58+r48) / (r102+r116+r117)

3,81

3,53

3,02

2,63

Cash ratio

r58 / (r102+r116+r117)

2,11

1,52

1,17

1,29

Debt ratio I (in %)

(1-r68/r67) * 100

13,40

10,86

12,26

20,04

Debt ratio II (in %)

r85/r67 * 100

12,76

10,48

11,99

19,15

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.16

UK Pound

1

Rs.99.78

Euro

1

Rs.73.33

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

TPT

 

               

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.