MIRA INFORM REPORT

 

 

Report No. :

503862

Report Date :

19.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PASTEL TRADE SP. Z O.O.

 

 

Registered Office :

ul. Hoża 86/210 00-682 Warszawa

 

 

Country :

Poland

 

 

Date of Incorporation :

14.12.2016

 

 

Legal Form :

Limited liability company

 

 

Line of Business :
  • Wholesale of textiles
  • Wholesale, retail trade and repair of motor vehicles
  • Land transport; transport via pipelines
  • Other individual service activity

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

C

 

Credit Rating

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow 

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Poland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

POLAND - ECONOMIC OVERVIEW

 

Poland has the sixth-largest economy in the EU and has long had a reputation as a business-friendly country with largely sound macroeconomic policies. Since 1990, Poland has pursued a policy of economic liberalization. During the 2008-09 economic slowdown Poland was the only EU country to avoid a recession, in part because of the government’s loose fiscal policy combined with a commitment to rein in spending in the medium-term Poland is the largest recipient of EU development funds and their cyclical allocation can significantly impact the rate of economic growth.

The Polish economy performed well during the 2014-17 period, with the real GDP growth rate generally exceeding 3%, in part because of increases in government social spending that have helped to accelerate consumer-driven growth. However, since 2015, Poland has implemented new business restrictions and taxes on foreign-dominated economic sectors, including banking and insurance, energy, and healthcare, that have dampened investor sentiment and has increased the government’s ownership of some firms. The government reduced the retirement age in 2016 and has had mixed success in introducing new taxes and boosting tax compliance to offset the increased costs of social spending programs and relieve upward pressure on the budget deficit. Some credit ratings agencies estimate that Poland during the next few years is at risk of exceeding the EU’s 3%-of-GDP limit on budget deficits, possibly impacting its access to future EU funds. Poland’s economy is projected to perform well in the next few years in part because of an anticipated cyclical increase in the use of its EU development funds and continued, robust household spending.

Poland faces several systemic challenges, which include addressing 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. Additional long-term challenges include diversifying Poland’s energy mix, strengthening investments in innovation, research, and development, as well as stemming the outflow of educated young Poles to other EU member states, especially in light of a coming demographic contraction due to emigration, persistently low fertility rates, and the aging of the Solidarity-era baby boom generation.

 

Source : CIA

 

Company name and address

 

Date: 18.04.2018

Report on 9419137044

PASTEL TRADE Sp. z o.o.

 

ul. Hoża 86/210
00-682 Warszawa

 

 

Company summery

 

Legal form

Limited liability company

(5)

Stat.no.

366087003

 

Tax ID

7010642198

 

 

 

 

 

Establishment

14.12.2016

(5)

 

 

 

 

Registration:

15.12.2016, District Court Warszawa, XII Department, KRS 652996

 

 

 

Shareholders

Andrii Negru

PLN

4 750,00
95,00%

 

 

 

 

 

other shareholders

PLN

250,00
5,00%

 

list entered to NCR /KRS/ on  15.12.2016

 

 

 

 

 

 

 

Initial Capital

 

PLN 5 000,00

 

Initial capital divided into 100 shares of PLN 50,00 each

 

 

 

 

 

Management

Andrii Negru 
 - president

 

Representation:
since 15.12.2016 
Each member of the board of directors individually.

 

 

 

Main activity

Wholesale of textiles

The above mentioned subject of the business activity was reported in the Central Statistical Office as the predominant industry.

 

 

Branches NACE 2007:

 

 

Wholesale of textiles

(G.46.41.Z)

 

Wholesale, retail trade and repair of motor vehicles

(G.45)

 

Land transport; transport via pipelines

(H.49)

 

Head Offices Activity

(M.70)

 

Other individual service activity

(S.96.0)

 

Employment

No data available

 

 

 

 

 

 

 

Turnover

data not possible to obtain

 

 

 

 

Financial statements

 

As at the day the report was prepared, there is no information in the register that the company filed to court the financial statements.

 

While rating the company, it is advisable
to take into consideration information about the branch, the company is acting in

(G.46.41.Z - NACE 2007), as at :

31.12.2017

31.12.2012

31.12.2011

31.12.2010

31.12.2009

Current ratio............................

4,05

2,51

2,12

2,05

2,02

Quick ratio..............................

2,05

1,08

0,84

0,88

1,41

Immediate ratio..........................

0,55

0,10

0,08

0,09

0,09

Return on sale...........................

5,22

4,59

2,30

5,07

4,61

Return on assets.........................

10,09

7,31

3,50

8,07

6,64

Return on equity.........................

13,36

12,73

6,25

15,89

9,35

Average trade debtors' days..............

49,69

63,99

62,20

63,97

78,96

Average stock turnover's days............

67,99

100,14

106,68

98,46

36,45

average payables payment period..........

34,27

70,74

84,92

84,68

62,12

Total indebtedness ratio.................

24,44

42,58

43,93

49,23

28,99

Percent share in the examinated group
of companies with net profit.............

93,30

71,40

70,60

66,70

66,70

Sales/revenue per employee in th. PLN....

763,97

318,37

458,95

358,27

816,10

Average sales/revenue per company in
th. PLN..................................

79 300,60

50 734,00

66 764,12

46 634,50

114 915,24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

according to the Central Statistical Office

 

 

Locations:

seat:
ul. Hoża 86/210, 00-682 Warszawa

 

 

 

Real Estate

No data
Verification of information on real estate ownership position through the Real Estate Register is not covered by the standard report.

 

 

 

 

 

 

 

Shares in other companies

As at 26.03.2018 there are no shares in other companies.

 

 

 

 

 

Connections:

Andrii Negru 
Connections have not been determined due to no possibility of identification of the persons or subjects which appear in the company.

 

 

Data concerning connections are valid as at: 26.03.2018.

 

 

 

 

General information

We could not contact the investigated company.
In the available phone number directories there is no phone numbers registered to the subject company.
The correspondence sent by us remains without reply.
If we obtain any further information, we will send it in the.

 

 

 

 

 

 

Banks

Names of banks were not disclosed

 

 

 

 

 

 

Payment Manner

Slow

(34)

Credit capability

Business connections should not be refused, credits require security

(41)

 

Due to:
- lack of insight into financial situation of the company
- lack of possibility of contact with the subject company

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.68

UK Pound

1

INR 93.98

Euro

1

INR 81.30

PLN

1

INR 19.50

                                                                  

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

TRU

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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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.