|
Report No. : |
345125 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
LUMILEDS POLAND SA |
|
|
|
|
Registered Office : |
ul. Partyzancka 66-72 95-200 Pabianice |
|
|
|
|
Country : |
Poland |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
1958 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and sale of lighting equipment, lamps and
lightning and electrical devices |
|
|
|
|
No. of Employees : |
4537 (2014) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
|
LUMILEDS
POLAND SA |
|
|
|
ul. Partyzancka 66-72 |
|
Phone: 67 3513000 |
|
Fax: 67 3513101 |
|
Website: www.lighting.philips.pl |
|
|
|
Legal form |
Joint Stock Company |
(6) |
|
Stat.no. |
570007259 |
|
|
Tax ID |
PL 7640001443 |
|
|
|
|
|
|
|
|
|
|
Establishment |
1958 as State-owned enterprise |
(9) |
|
|
28.11.1990 as Joint Stock Company |
(6) |
|
Changes of names and addresses |
ul. Kossaka 150, 64-920 Piła |
|
|
|
1958 Zakłady Sprzętu Oświetleniowego
POLAM-PIŁA |
|
|
|
28.11.1990 Philips Lighting Poland SA |
|
|
|
01.07.2015 LUMILEDS POLAND SA |
|
|
|
|
|
|
|
|
|
Registration: |
14.11.2001,
District Court Poznań IX Department, KRS 60888 Data concerning
previous registrations: District
Court Piła, RPP 34 21.06.1991, District Court Piła, RHB 554 |
|
|
|
|
|
|
|
|
|
Shareholders |
LUMILEDS HOLDING POLAND sp. z o.o., ul. Partyzancka 66-72,
95-200 Pabianice |
|
|
|
|
Percent of owned shares |
|
100.00% |
|
|
|
|
|
|
|
shareholders' list as at 15.06.2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share capital |
|
PLN 40 614 299,00 |
|
|
Share capital divided into 162457196 shares of PLN 0,25 each |
|
|
|
Series of shares |
|
|
|
Changes of share capital |
|
|
|
- since 30.09.2005 until 01.06.2015 the capital
estimated |
PLN 162 457 300,00 |
|
|
- until 30.09.2005 the capital estimated |
PLN 130 000 000,00 |
|
|
|
|
|
|
|
|
|
|
|
|
Management |
Marek
Antoni Sobieraj , personal ID no. (PESEL) 63061109037 -
president Dariusz
Mikołaj Pięta , personal ID no. (PESEL) 69120606215 -
vice president Marek
Franciszek Huzarewicz , personal ID no. (PESEL) 61102505477, Wolica, ul.
Sowia 4, 05- 830
Nadarzyn - vice president |
|
|
|
|
|
Representation: |
|
|
|
|
|
|
|
|
|
|
Supervisory board |
Juan
Jose Romero Geert
Van Bockstal Mircea Irimia Buzgar Nazare |
|
|
|
|
|
|
|
|
Main activity |
Manufacture and sale of lighting equipment, lamps and lightning
and electrical devices |
|
|
|
|
|
|
|
Export Netherlands, Czech Republic, Denmark, France, United
Kingdom, Germany |
|
|
|
Branches NACE 2007: |
|
|
|
Manufacture of electrical lighting equipment |
(C.27.40.Z) |
|
|
Manufacture and processing of other glass, including technical glassware |
(C.23.19.Z) |
|
|
Processing and utilization of waste other than dangerous |
(E.38.21.Z) |
|
|
Wholesale of furniture carpets and lighting equipment |
(G.46.47.Z) |
|
|
Cargo handling and storage of other products |
(H.52.10.B) |
|
|
|
|
|
|
|
|
|
|
|
|
Employment |
2010:
5825 employees 2011:
5467 employees 2012:
4617 employees 2013:
4419 employees 2014:
4537 employees |
|
|
|
|
|
|
|
|
|
Turnover |
2010 |
PLN |
4 025 568 023,18 |
|
|
2011 |
PLN |
4 230 152 623,82 |
|
|
2012 |
PLN |
4 408 584 000,00 |
|
|
2013 |
PLN |
4 872 271 000,00 |
|
|
2014 |
PLN |
5 153 948 000,00 |
|
|
|
|
|
|
|
|
|
|
Financial
statements
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Locations
|
|
|
seat:
ul.
Bolesława Chrobrego 8, 11-400 Kętrzyn Phone:
89 7520333 |
|
|
|
Verification of information on real estate ownership position
through the Real Estate Register is not covered by the standard report. |
|
|
|
|
|
|
|
|
|
|
|
|
As at 31.12.2013 book value of car fleet was: PLN
2 975 000,00 |
|
|
ELEKTROEKO Organizacja Odzysku Sprzętu Elektrycznego i
Elektronicznego SA NIP PL 5272498956, ul. Hrubieszowska 6A, 01-209 Warszawa |
|
|
|
Data concerning shares in other companies are valid as at:
22.09.2015. |
|
|
|
|
|
|
|
|
|
|
Marek Franciszek Huzarewicz , personal ID no. (PESEL)
61102505477 |
|
|
|
|
Data concerning connections are valid as at: 22.09.2015. |
|
|
|
|
|
|
30.09.2005 (Entry date) - merger |
|
|
|
|
|
General
information
|
|
|
On 01.06.2015 from the structures of the company there was
divided the part of the assets and transfered to PHILIPS LIGHTING
POLAND sp. z o.o., ul. Kossaka 150, 64-920 Piła |
|
|
On May 1, 2010, Philips Lighting has decided to cease production
and sales of electromagnetic ballasts for fluorescent lamps with the brand
Philips. From that date the ballasts are manufactured under the new brand MST
(Magnetic System Technology). The company MAGNETIC SYSTEMS TECHNOLOGY Sp. z
o.o. Spółka Komandytowa took over activity and eployees of the Philips
branch office in Kętrzyn. |
|
|
The subject has not decided to cooperate in elaboration of the
report. |
|
|
|
|
|
|
Banks
Names of banks were not disclosed |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
UK Pound |
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.