|
Report No. : |
338944 |
|
Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAVATECH D.O.O. |
|
|
|
|
Registered Office : |
Škofjeloška cesta 6, 4000 Kranj |
|
|
|
|
Country : |
Slovenia |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
05.12.2001 |
|
|
|
|
Com. Reg. No.: |
10691000 |
|
|
|
|
Legal Form : |
Limited liability company (Ltd.) |
|
|
|
|
Line of Business : |
Manufacture of other rubber products. |
|
|
|
|
No. of Employee : |
805 |
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 : |
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) |
|
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 |
SAVATECH D.O.O.
Škofjeloška cesta 6,
4000 Kranj
Phone: 04 206 60 80
Telefax: 04 206 64 60
E-Mail: info@savatech.si
Web: www.savatech.si
|
Legal form |
d.o.o. - Limited liability company (Ltd.) |
|
||||||
|
Established on |
05/12/2001 - d.o.o. - Limited liability company (Ltd.) |
|||||||
|
|
last entry on 11.3.2015 on 31.5.2010 incorporation of the company SAVA-GTI, d.o.o. on ownersshare is a lien registered |
|||||||
|
Registered on |
05/12/2001, Kranj, Registration number: 10691000 Tax number: SI13267949 Company number: 1661205 |
|||||||
|
Registered capital |
|
EUR |
26.367.717,50 |
|
||||
|
|
on 4.1.2011 increase of capital for EUR 31.151.053,50 |
|||||||
|
Owner |
ČESKÁ GUMÁRENSKÁ SPOLEČNOST S.R.O. Švehlova 1900, 106 24 Praga 10, Czech Republic |
EUR |
26.367.717,50 |
|
||||
|
Manager |
Vesna Čadež Srednja vas - Poljane 1, 4223 Poljane nad Škofjo Loko Director |
|||||||
|
|
Rudolf Peca Turinského 1633, 500 02 Hradec Králové, Czech Republic Director |
|||||||
|
General data |
Company
Activitiy: manufacture of conveyor belts and technical rubber sheets; solid and sponge rubber profiles; offset printing blankets for the printing industry; environmental protection & rescuing products; scooter, motorcycle, moped, gokart, mini moto, ATV, bicycle tyres and
tyres for industrial and agricultural vehicles, rubber moulded products laboratory services for the area of elastomers; design and construction solutions; services by the R&D insitute. the company is aktiv from 7. Januar 2002 and took over a part of the
activity and employees from the company Sava d.d. Headquarters and business premises are located on the address above |
|||||||
|
|
Main activity: Manufacture of other rubber products (NACE 2) |
|
||||||
|
|
Export: Germany Czech Republic Poland Great-Britain USA Italy Russia |
|
||||||
|
|
Import: Germany France Italy China India South-Korea |
|
||||||
|
|
|
|||||||
|
|
Residence address: Škofjeloška cesta 6, 4000 Kranj Phone: 04 206 60 80 Telefax: 04 206 64 60 E-Mail: Web: |
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|
Other activities |
||||||||
|
|
NACE 2: |
|
||||||
|
|
Manufacture of rubber tyres and tubes; retreading and rebuilding of
rubber tyres |
|
||||||
|
Employees |
2008 |
874 employees |
||||||
|
|
2009 |
748 employees |
||||||
|
|
2010 |
779 employees |
||||||
|
|
2012 |
801 employees |
||||||
|
|
2013 |
753 employees |
||||||
|
|
2014 |
796 employees |
||||||
|
|
2015 |
805 employees |
||||||
|
Annual turnover |
2008 |
Enterprise turnover |
EUR |
98.060.226,- |
|
|||
|
|
2009 |
Enterprise turnover |
EUR |
76.625.000,- |
|
|||
|
|
2010 |
Enterprise turnover |
EUR |
96.121.441,- |
|
|||
|
|
2011 |
Enterprise turnover |
EUR |
113.390.000,- |
|
|||
|
|
2012 |
Enterprise turnover |
EUR |
111.693.000,- |
|
|||
|
|
2013 |
Enterprise turnover |
EUR |
112.130.716,- |
|
|||
|
|
2014 |
Enterprise turnover |
EUR |
115.311.649,- |
|
|||
|
Property |
Company's property: Land and buildings per 31.12.2014 SI- Book value: 34.757.000,- EUR (Official source) |
|||||||
|
Remarks |
company name: SAVATECH družba za proizvodnjo in trženje gumenotehničnih
proizvodov in pnevmatike, d.o.o. |
|||||||
|
Bank relations |
SKB BANKA d.d. LJUBLJANA: Central address: SI Ajdovščina 4, 1513 Ljubljana Account number: 03138-1000371363 GORENJSKA BANKA d.d.: Central address: SI Bleiweisova cesta 1, 4000 Kranj Account number: 07000-0000105917 |
|||||||
|
Company development |
Positive |
(20) |
||||||
|
Terms of payment |
No complaints, but occasional delays |
(31) |
||||||
|
Business connection |
Business connection are premissible |
(21) |
||||||
|
Credit limit |
EUR 1.900.000,- |
|||||||
|
A. The enclosed balance of 2014 is originated from official source, it
is not authenticated by the auditor. (31.12.2014 - 1 EUR) B. The enclosed balance of 2013 is originated from official source, it
is not authenticated by the auditor. (31.12.2013 - 1 EUR) C. The enclosed balance of 2012 is originated from official source, it
is authenticated by the auditor . (31.12.2012 - 1 EUR) D. The enclosed balance of 2011 is originated from official source, it
is authenticated by the auditor . (31.12.2011 - 1 EUR) |
||||||||
|
balance |
A 31.12.2014 |
B 31.12.2013 |
C 31.12.2012 |
D 31.12.2011 |
|||||
|
ASSETS (AKTIVA) |
136.853.302 |
139.095.340 |
100.009.000 |
102.325.000 |
|||||
|
LONG-TERM ASSETS |
64.487.971 |
99.454.389 |
58.762.000 |
55.376.000 |
|||||
|
Intangible assets and long-term deferred costs and accrued revenues |
90.583 |
148.527 |
90.000 |
5.000 |
|||||
|
Intangible assets |
90.583 |
148.527 |
90.000 |
5.000 |
|||||
|
Long-term deferred costs and accrued revenues |
0 |
0 |
0 |
0 |
|||||
|
Tangible fixed assets |
50.156.810 |
52.091.086 |
53.391.000 |
52.962.000 |
|||||
|
Long-term financial investments and Real estate investments |
13.780.020 |
46.784.518 |
5.040.000 |
2.070.000 |
|||||
|
Investment property |
3.712.632 |
3.806.130 |
1.600.000 |
1.589.000 |
|||||
|
Long-term financial investments |
10.067.388 |
42.978.388 |
3.440.000 |
481.000 |
|||||
|
Long-term operating receivables |
6.442 |
0 |
0 |
0 |
|||||
|
Deferred receivables for taxes |
454.116 |
430.258 |
241.000 |
339.000 |
|||||
|
SHORT-TERM ASSETS |
72.304.340 |
39.597.479 |
41.205.000 |
46.849.000 |
|||||
|
Assets (group for estrange) for sell |
0 |
0 |
0 |
0 |
|||||
|
Inventories |
14.399.584 |
13.814.408 |
12.192.000 |
13.160.000 |
|||||
|
Short-term financial investments |
36.261.995 |
3.770.092 |
4.892.000 |
6.377.000 |
|||||
|
Short-term operating receivables |
19.037.818 |
20.184.847 |
19.744.000 |
21.144.000 |
|||||
|
Cash assets |
2.604.943 |
1.828.132 |
4.377.000 |
6.168.000 |
|||||
|
Short-term deferred costs and accrued revenues |
60.991 |
43.472 |
42.000 |
100.000 |
|||||
|
Off-balance sheet items |
51.387.046 |
51.806.124 |
0 |
0 |
|||||
|
LIABILITIES |
136.853.302 |
139.095.340 |
100.009.000 |
102.325.000 |
|||||
|
CAPITAL |
80.392.801 |
71.363.602 |
70.161.000 |
70.988.000 |
|||||
|
Called-up capital |
59.278.717 |
59.278.717 |
59.279.000 |
59.279.000 |
|||||
|
Basic (subscribed) capital |
59.278.717 |
59.278.717 |
59.279.000 |
59.279.000 |
|||||
|
Non called-up capital (deductive item) |
0 |
0 |
0 |
0 |
|||||
|
Capital reserves |
1.508.689 |
1.508.689 |
1.509.000 |
1.509.000 |
|||||
|
Reserves from profit |
2.064.812 |
1.593.588 |
1.121.000 |
767.000 |
|||||
|
Surplus from revaluation |
-395.289 |
0 |
0 |
0 |
|||||
|
Retained net |
8.982.608 |
0 |
1.533.000 |
3.394.000 |
|||||
|
Net business result for the business year |
8.953.264 |
8.982.608 |
6.719.000 |
6.039.000 |
|||||
|
PROVISIONS AND LONG-TERM ACCRUED COSTS AND DEFERRED REVENUES |
2.600.131 |
2.103.409 |
2.204.000 |
2.378.000 |
|||||
|
FINANCIAL AND BUSINESS LIABILITIES |
52.617.322 |
65.304.981 |
27.117.000 |
28.396.000 |
|||||
|
LONG-TERM LIABILITIES |
33.684.208 |
44.912.277 |
0 |
0 |
|||||
|
Long-term financial liabilities |
33.684.208 |
44.912.277 |
0 |
0 |
|||||
|
Long-term operating liabilities |
0 |
0 |
0 |
0 |
|||||
|
Deferred liabilities for taxes |
0 |
0 |
0 |
0 |
|||||
|
SHORT-TERM LIABILITIES |
18.933.114 |
20.392.704 |
27.117.000 |
28.396.000 |
|||||
|
Liabilities, included in groups for estrange |
0 |
0 |
0 |
0 |
|||||
|
Short-term financial liabilities |
7.213.886 |
8.388.072 |
17.356.000 |
16.700.000 |
|||||
|
Short-term operating liabilities |
11.719.228 |
12.004.632 |
9.761.000 |
11.696.000 |
|||||
|
SHORT-TERM ACCRUED COSTS AND DEFERRED REVENUES |
1.243.048 |
323.348 |
527.000 |
563.000 |
|||||
|
Off-balance sheet items |
51.387.046 |
51.806.124 |
0 |
0 |
|||||
|
A. The enclosed profit and loss account of 2014 is originated from
official source, it is not authenticated by the auditor. (31.12.2014 - 1 EUR) B. 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) C. The enclosed profit and loss account of 2012 is originated from
official source, it is authenticated by the auditor . (31.12.2012 - 1 EUR) D. The enclosed profit and loss account of 2011 is originated from
official source, it is authenticated by the auditor . (31.12.2011 - 1 EUR) |
|||||||||
|
profit and loss account |
A 31.12.2014 |
B 31.12.2013 |
C 31.12.2012 |
D 31.12.2011 |
|||||
|
Net sales |
112.641.827 |
111.078.483 |
110.977.000 |
109.832.000 |
|||||
|
Changes in the value of inventories of products and work-in-process |
929.708 |
26.226 |
-748.000 |
1.965.000 |
|||||
|
Capitalised own products and own services |
0 |
0 |
0 |
0 |
|||||
|
Other operating revenues (with subventions, grants,...) |
428.224 |
639.518 |
609.000 |
426.000 |
|||||
|
GROSS OPERATING YIELD |
113.999.759 |
111.744.227 |
110.838.000 |
112.223.000 |
|||||
|
Cost of goods, material and services |
75.085.296 |
74.225.185 |
76.373.000 |
77.953.000 |
|||||
|
Purchase value of goods and materials sold and cost of material and
cost of material used |
62.258.544 |
61.351.957 |
64.502.000 |
65.838.000 |
|||||
|
Cost of services |
12.826.752 |
12.873.228 |
11.871.000 |
12.115.000 |
|||||
|
Labour cost |
22.011.969 |
20.224.731 |
20.749.000 |
20.492.000 |
|||||
|
Cost of wages |
16.243.042 |
15.222.588 |
15.550.000 |
15.349.000 |
|||||
|
Cost of pension insurance |
1.809.777 |
1.640.420 |
1.155.000 |
1.667.000 |
|||||
|
Cost of other social insurance |
1.256.304 |
1.127.072 |
1.667.000 |
1.130.000 |
|||||
|
Other labour cost |
2.702.846 |
2.234.651 |
2.377.000 |
2.346.000 |
|||||
|
Write-offs |
5.244.792 |
5.040.270 |
4.610.000 |
4.725.000 |
|||||
|
Depreciation |
4.939.798 |
4.658.870 |
4.298.000 |
3.932.000 |
|||||
|
Revaluation operating expenses for non-tangible assets and tangible
fixed assets |
3.092 |
6.813 |
16.000 |
411.000 |
|||||
|
Revaluation operating expenses for current assets |
301.902 |
374.587 |
296.000 |
382.000 |
|||||
|
Other operating expenses |
393.237 |
315.318 |
611.000 |
828.000 |
|||||
|
OPERATING REVENUES |
113.070.051 |
111.718.001 |
111.586.000 |
|
|||||
|
OPERATING EXPENSES |
102.735.294 |
99.805.504 |
102.343.000 |
|
|||||
|
OPERATING RESULT |
10.334.757 |
11.912.497 |
9.243.000 |
8.225.000 |
|||||
|
EBIT |
11.264.465 |
11.938.723 |
8.495.000 |
8.225.000 |
|||||
|
Financial income from investments in other enterprises |
0 |
0 |
0 |
0 |
|||||
|
Financial income from loans |
875.468 |
178.154 |
430.000 |
613.000 |
|||||
|
Financial income from operating receivables |
402.692 |
200.693 |
421.000 |
550.000 |
|||||
|
Financial expenses from depreciation and write-offs of financial
investments |
0 |
1.000.000 |
0 |
0 |
|||||
|
Financial expenses from financial liabilities |
1.791.242 |
288.999 |
965.000 |
968.000 |
|||||
|
Financial expenses from operating liabilities |
129.105 |
322.220 |
316.000 |
704.000 |
|||||
|
Financial income |
1.278.160 |
378.847 |
851.000 |
1.163.000 |
|||||
|
Financial expenses |
1.920.347 |
1.611.219 |
1.281.000 |
1.672.000 |
|||||
|
Other revenues |
33.730 |
7.642 |
4.000 |
4.000 |
|||||
|
Other expenses |
39.893 |
161.815 |
0 |
0 |
|||||
|
Total revenues |
115.311.649 |
112.130.716 |
111.693.000 |
113.390.000 |
|||||
|
Total costs |
104.695.534 |
101.578.538 |
103.624.000 |
105.669.000 |
|||||
|
Total business result |
10.616.115 |
10.552.178 |
8.069.000 |
7.721.000 |
|||||
|
Tax on profit |
1.215.484 |
1.285.953 |
899.000 |
1.332.000 |
|||||
|
Deferred taxs |
-23.858 |
-189.151 |
98.000 |
32.000 |
|||||
|
Net business result for the accounting period |
9.424.489 |
9.455.376 |
7.072.000 |
6.357.000 |
|||||
|
|
|||||||||
|
Ratios |
|
2011 |
2012 |
2013 |
2014 |
||||
|
|
Equity ratio |
0,58 |
0,59 |
0,43 |
0,43 |
||||
|
|
Cleared equity ratio |
0,58 |
0,59 |
0,43 |
0,43 |
||||
|
|
Current liquidity |
1,65 |
1,52 |
1,94 |
3,82 |
||||
|
|
Quick liquidity |
1,19 |
1,07 |
1,26 |
3,06 |
||||
|
|
Working capital |
18453000 |
14088000 |
19204775 |
53371226 |
||||
|
|
Gearing |
1,73 |
1,69 |
2,35 |
2,31 |
||||
|
|
Cleared gearing |
0,28 |
0,29 |
0,9 |
0,69 |
||||
|
|
Profitability |
6,81 |
7,22 |
9,41 |
9,21 |
||||
|
|
Operating profitability |
5,61 |
6,33 |
8,43 |
8,17 |
||||
|
|
Stock days |
42,36 |
39,84 |
44,97 |
45,58 |
||||
|
|
Debtor days |
68,06 |
64,52 |
65,7 |
60,26 |
||||
|
|
Supplier days |
37,65 |
31,9 |
39,08 |
37,1 |
||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.40 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.