MIRA INFORM REPORT

 

 

Report No. :

339358

Report Date :

07.09.2015

 

IDENTIFICATION DETAILS

 

Name :

VIRÁG ATTILA ZSOLT

 

 

Registered Office :

2330 Dunaharaszti, Szondy György utca 39.

 

 

Country :

Hungry

 

 

Date of Incorporation :

31.12.1987

 

 

Com. Reg. No.:

4096646

 

 

Legal Form :

Sole proprietor

 

 

Line of Business :

Growing of other non-perennial crops

 

 

No. of Employee :

8 employees

 

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

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)

Hungary

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

HUNGARY - ECONOMIC OVERVIEW

 

Hungary has made the transition from a centrally planned to a market economy, with a per capita income nearly two-thirds that of the EU-28 average. In late 2008, Hungary's impending inability to service its short-term debt - brought on by the global financial crisis - led Budapest to obtain an IMF/EU/World Bank-arranged financial assistance package worth over $25 billion. The global economic downturn, declining exports, and low domestic consumption and investment, dampened by government austerity measures, resulted in a severe economic contraction in 2009. In 2010 the new government implemented a number of changes including cutting business and personal income taxes, but imposed "crisis taxes" on financial institutions, energy and telecom companies, and retailers. The IMF/EU bail-out program lapsed at the end of 2010 and was replaced by Post Program Monitoring and Article IV Consultations on overall economic and fiscal processes. At the end of 2011 the government turned to the IMF and the EU to obtain financial backstop to support its efforts to refinance foreign currency debt and bond obligations in 2012 and beyond, but Budapest's rejection of EU and IMF economic policy recommendations led to a breakdown in talks with the lenders in late 2012. Global demand for high yield has since helped Hungary to obtain funds on international markets. Hungary’s progress reducing its deficit to under 3% of GDP led the European Commission in 2013 to permit Hungary for the first time since joining the EU in 2004 to exit the Excessive Deficit Procedure.

Source : CIA

 

Company name and address


VIRÁG ATTILA ZSOLT

2330 Dunaharaszti, Szondy György utca 39.

Phone: +36(20)2524134
E-Mail:

 

Legal form

Sole proprietor (with licence)

 

 

Established on

31/12/1987 - Sole proprietor (with licence)

Registered on


Tax number: 49857951-2-33 - Valid Tax number
Statistical number: 49857951

 

Identifier numbers

registration number
4096646

Owner

Attila Zsolt Virág
2330 Dunaharaszti, Szondy György utca 39.

 

 

General data

Main activity:
Growing of other non-perennial crops

Code:
(0119.)

Insolvency risk:
6,06 %

Közép-magyarországi régió:
9,38 %

Pest:
10,00 %

 

Import:
Netherlands
Italy

 

 

General contacts:
Phone:
+36(20)2524134
E-Mail:
attila.virag@pr.hu

 

Residence address:
2330 Dunaharaszti, Szondy György utca 39.

 

 

Address of the company premises:
2724 Újlengyel, Dánosi dűlő 4.

 

2330 Dunaharaszti, Szondy György utca 39.

 

Other activities

 

TEÁOR 2008 (NACE rev. 2):

Code:

Insolvency risk:

Közép-magyarországi régió:

Pest:

 

 

Plant propagation

(0130.)

0,89 %

0,00 %

0,00 %

 

Support activities for crop production

(0161.)

4,97 %

3,69 %

3,65 %

 

 

Agents involved in the sale of a variety of goods

(4619.)

5,52 %

4,88 %

4,42 %

 

Wholesale of flowers and plants

(4622.)

5,60 %

5,61 %

4,82 %

 

 

Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores

(4776.)

4,30 %

3,29 %

3,25 %

 

Retail sale via stalls and markets of other goods

(4789.)

5,52 %

4,18 %

5,00 %

 

 

Freight transport by road

(4941.)

5,67 %

4,62 %

4,00 %

 

Renting and operating of own or leased real estate

(6820.)

2,03 %

1,59 %

1,57 %

 

Employees

2009

2 employees

 

2010

2 employees

 

 

2011

2 employees

 

2012

2 employees

 

 

2013

2 employees

 

2014

8 employees

 

 

04/05/2015

8 employees

 

05/08/2015

8 employees

 

Annual turnover

2014

Enterprise turnover

HUF

144 773 000,-

 

 

30/04/2015

Enterprise turnover

HUF

105 372 246,-

 

 

 

31/12/2015

planned turnover

HUF

200 000 000,-

 

Property

Rented property of the owner: property
100 square metre (Own data from 2015)

leased: truck
1 piece (Own data from 2015)

Owner's property: truck
4 piece (Own data from 2015)

 

Balance sheets

The subject is not obliged to provide balance sheet, it is not possible for an outsider to examine the financial position.

Remarks

Suppliers:
GREENCONECT
CONSORZIO FLORCOOP
VIGO GEROLAMO
DIEMME FIORI

 

Company development

constant

 

Business course

satisfactory

 

 

Terms of payment

without compliants, supplier feedback show no negative data

 

Business connection

the establishing of the business connection may be allowed

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.40

UK Pound

1

Rs.101.19

Euro

1

Rs.73.89

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

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%)

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