|
|
|
MIRA INFORM REPORT
|
Report No. : |
489967 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SEMILAB SEMICONDUCTOR PHYSICS LABORATORY CO.
LTD. |
|
|
|
|
Formerly Known As : |
SEMILAB SEMICONDUCTOR PHYSICAL LABORATORY JOINT STOCK
COMPANY |
|
|
|
|
Registered Office : |
1117 Budapest,
Prielle Kornélia Utca 2. |
|
|
|
|
Country : |
Hungary |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
19.12.1989 |
|
|
|
|
Com. Reg. No.: |
01 10 041351 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of Instruments and Appliances
for Measuring, Testing and Navigation |
|
|
|
|
No. of Employees : |
328 [2017] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Hungary |
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 |
HUNGARY - ECONOMIC OVERVIEW
Hungary has transitioned from a centrally planned to a market-driven
economy with a per capita income approximately two-thirds of the EU-28 average;
however, in recent years the government has become more involved in managing
the economy. Budapest has implemented unorthodox economic policies to boost
household consumption and has relied on EU-funded development projects to
generate growth.
The economy is largely driven by exports, making it vulnerable to
external market shocks. Following the fall of communism in 1990, Hungary
experienced a drop-off in exports and financial assistance from the former
Soviet Union. Hungary embarked on a series of economic reforms, including
privatization of state-owned enterprises and reduction of social spending
programs, to shift from a centrally planned to a market-driven economy, and to
reorient its economy towards trade with the West. These efforts helped to spur
growth, attract investment, and reduce Hungary’s debt burden and fiscal
deficits. However, living conditions for the average Hungarian initially
deteriorated as inflation increased and unemployment reached double digits.
Conditions slowly improved over the 1990s as the reforms came to fruition and
export growth accelerated. Economic policies instituted during that decade
helped position Hungary to join the European Union in 2004; Hungary has yet to
join the euro-zone, however. Hungary suffered a historic economic contraction
as a result of the global economic slowdown in 2008-09 as export demand and
domestic consumption dropped, prompting it to take an IMF-EU financial
assistance package.
Since 2010, the government has backpedaled on reforms and taken a more
nationalist and populist approach towards economic management. The government
has favored national industries, and specifically government-linked businesses,
through legislation, regulation, and public procurements. In 2010 and 2012, the
government increased taxes on foreign-dominated sectors, such as banking and
retail, because the move helped to raise revenues and decrease the budget
deficit, thereby allowing Hungary to maintain access to EU development funds.
The policy deterred private investment, however. In 2011 and 2014, Hungary
nationalized private pension funds. The move squeezed financial service providers
out of the system, but it also helped Hungary curb its public debt and lower
its budget deficit to below 3% of GDP, as subsequent pension contributions have
been channeled into the state-managed pension fund. Hungary’s public debt (at
73.9% of GDP) is still high compared to EU peers in Central Europe. Despite
these reversals, real GDP growth has remained robust in the past several years
because EU funding increased, EU demand for Hungarian exports rose, and
domestic household consumption rebounded. To further boost household
consumption ahead of an anticipated 2018 election, the government has announced
plans to increase the minimum wage and public sector salaries, decrease taxes
on foodstuffs and services, cut the personal income tax from 16% to 15%, and
introduce a uniform 9% business tax for small and medium-sized enterprises and
large companies. Real GDP growth slowed in 2016 due to a cyclical decrease in
EU funding, but increased to 3.8% in 2017, in part as Budapest front-loaded
drawdowns of EU funds ahead of the planned 2018 election.
Systemic economic challenges include pervasive corruption, long-term and
youth unemployment, skilled labor shortages, widespread poverty in rural areas,
vulnerabilities to changes in demand for exports, and a heavy reliance on
Russian energy imports.
|
Source
: CIA |
Company name & address
SEMILAB FÉLVEZETŐ FIZIKAI LABORATÓRIUM ZÁRTKÖRŰEN
MŰKÖDŐ RÉSZVÉNYTÁRSASÁG
1117 Budapest, Prielle Kornélia utca
2.
Phone: +36(1)5054690
Telefax: +36(1)5054695
E-Mail: semilab@semilab.com
Web: www.semilab.hu
Company summary
|
Legal form |
Joint Stock Company |
|
|
Established on |
19/12/1989 - joint stock company |
|
Registered on |
03/05/1990,
Budapest, RegNr.: 01 10 041351 |
|
Events, negative data |
Positive events: |
|
|
30.03.2006
- EU Competition Winner |
|
|
30.03.2006
- EU Competition Winner |
|
|
18.06.2008
- EU Competition Winner |
|
|
20.05.2009
- EU Competition Winner |
|
|
22.02.2016 - Customs Administration
(NTCA) |
|
Registered capital |
HUF |
67 730 000,- |
|
|
|
Shareholder |
Flexpert Műszaki Tanácsadó Korlátolt
Felelősségű Társaság (Statistical number: 11913717) |
|
|
Authorized to sign |
Dr. Tibor Pavelka |
|
|
György Füle |
|
Auditor |
BDO Magyarország Könyvvizsgáló Korlátolt
Felelősségű Társaság |
|
||
|
|
Zsuzsanna Jasper |
|
|
General data |
Main activity: |
Code: |
Insolvency risk: |
Közép-magyarországi régió: |
Budapest: |
|
|
Former name: SEMILAB Semiconductor Physical Laboratory Joint Stock Company |
||||
|
|
Full name: |
|
|
Name in foreign language: |
|
|
Short name: |
|
|
General contacts: |
|
|
Residence address: |
|
Other activities |
|
|
|
TEÁOR 2008 (NACE rev. 2): |
Code: |
Insolvency risk: |
Közép-magyarországi régió: |
Budapest: |
|
|
Manufacture of electronic components |
(2611.) |
3,24 % |
1,09 % |
1,67 % |
|
|
Manufacture of optical instruments and
photographic equipment |
(2670.) |
4,41 % |
0,00 % |
0,00 % |
|
|
Other software publishing |
(5829.) |
1,87 % |
1,81 % |
2,06 % |
|
|
Computer programming activities |
(6201.) |
1,69 % |
1,39 % |
1,45 % |
|
|
Buying and selling of own real estate |
(6810.) |
6,11 % |
5,42 % |
5,22 % |
|
|
Renting and operating of own or leased real
estate |
(6820.) |
2,03 % |
1,59 % |
1,59 % |
|
|
Engineering activities and related
technical consultancy |
(7112.) |
1,37 % |
0,83 % |
0,75 % |
|
|
Other research and experimental development
on natural sciences and engineering |
(7219.) |
1,37 % |
0,83 % |
1,02 % |
|
|
Other education n.e.c. |
(8559.) |
1,60 % |
1,16 % |
1,34 % |
|
Employees |
2007 |
51 employees |
|
|
2008 |
84 employees |
|
|
2009 |
112 employees |
|
|
2010 |
170 employees |
|
|
2011 |
267 employees |
|
|
2012 |
200 employees |
|
|
2013 |
183 employees |
|
|
2014 |
176 employees |
|
|
2015 |
223 employees |
|
|
2016 |
281 employees |
|
|
2017 |
328 employees |
|
|
02/01/2018 |
377 employees |
|
Annual turnover |
2006 |
Net income |
HUF |
2 824 803 000,- |
|
|
|
2007 |
Net income |
HUF |
4 677 074 000,- |
|
|
|
2008 |
Net income |
HUF |
8 143 435 000,- |
|
|
|
2009 |
Net income |
HUF |
7 155 840 000,- |
|
|
|
2010 |
Net income |
HUF |
16 262 719 000,- |
|
|
|
2011 |
Net income |
HUF |
19 998 716 000,- |
|
|
|
2012 |
Net income |
HUF |
7 409 641 000,- |
|
|
|
2013 |
Net income |
HUF |
5 921 928 000,- |
|
|
|
2014 |
Net income |
HUF |
6 207 436 000,- |
|
|
|
2015 |
Net income |
HUF |
10 673 879 000,- |
|
|
|
2016 |
Net income |
HUF |
13 962 826 000,- |
|
|
Balance sheets |
The enclosed profit
and loss account of 2016 is originated from official source, it is
authenticated by the auditor . (31.12.2016 - 1000 HUF) |
||||
|
|
The enclosed
balance of 2016 is originated from official source, it is authenticated by
the auditor . (31.12.2016 - 1000 HUF) |
|
Interests |
Flexpert Műszaki Tanácsadó Korlátolt
Felelősségű Társaság (Statistical number: 11913717): |
|
|
MultiFlex Ingatlanhasznosító Korlátolt
Felelősségű Társaság (Statistical number: 13289270) |
Owner |
|
|
|
Zoltán Mirk: |
||
|
|
EL-TECH CENTER Korlátolt
Felelősségű Társaság (Statistical number: 14176968) |
Authorized to sign |
|
|
|
*** Last event influencing the credit risk:
2017.05.03. *** |
||
|
Bank relations |
CIB Bank Zrt. Belvárosi
- Pilvax Fiók: |
|
|
Company development |
constant |
(31) |
|
Business course |
satisfactory |
(31) |
|
Terms of payment |
without compliants, supplier feedback show
no negative data |
(39) |
|
Business connection |
the establishing of the business connection
may be allowed |
(31) |
|
|
|
|
|
A. The enclosed
balance of 2013 is originated from official source, it is authenticated by
the auditor . (31.12.2013 - 1000 HUF) |
||
|
|
||
Financials statement
|
||
|
BALANCE |
A 2013.12.31. |
B 2014.12.31. |
C 2015.12.31. |
D 2016.12.31. |
|
|
FIXED ASSETS |
2 941 507 |
3 601 879 |
3 981 570 |
5 299 822 |
|
|
Intangible assets |
298 040 |
126 078 |
60 903 |
37 749 |
|
|
Capitalised value of fundantion and
restructuring costs |
0 |
0 |
0 |
0 |
|
|
Capitalised value of research and
development costs |
0 |
0 |
0 |
0 |
|
|
Consessions and similar rights and assents |
184 372 |
50 982 |
10 029 |
1 373 |
|
|
Intellectual property |
113 668 |
75 096 |
50 874 |
36 376 |
|
|
Goodwill |
0 |
0 |
0 |
0 |
|
|
Advance payments on on intangible assets |
0 |
0 |
0 |
0 |
|
|
Revaluation of intangible assets |
0 |
0 |
0 |
0 |
|
|
Tangible assets |
639 263 |
802 740 |
1 040 367 |
1 872 129 |
|
|
Land and buildings and related concessions
and similar rights |
197 303 |
187 637 |
188 228 |
196 548 |
|
|
Technical equipment, machinery and vehicles |
400 121 |
541 145 |
751 976 |
1 537 557 |
|
|
Other equipment, fittings and vehicles |
41 839 |
71 502 |
100 163 |
138 024 |
|
|
Breeding stock |
0 |
0 |
0 |
0 |
|
|
Capital WIP, renovations |
0 |
2 351 |
0 |
0 |
|
|
Advance payments on Capital WIP |
0 |
105 |
0 |
0 |
|
|
Revaluation of tangible assets |
0 |
0 |
0 |
0 |
|
|
Financial investments |
2 004 204 |
2 673 061 |
2 880 300 |
3 389 944 |
|
|
Long term investments in related companies |
472 401 |
564 646 |
652 213 |
666 416 |
|
|
Long term loans given to related companies |
1 531 227 |
2 108 415 |
2 228 087 |
2 523 528 |
|
|
Long term significant shareholding |
|
|
|
0 |
|
|
Long term loans granted to significant
shareholding |
|
|
|
0 |
|
|
Other long term investments |
0 |
0 |
0 |
0 |
|
|
Long term loans given to other investees |
0 |
0 |
0 |
0 |
|
|
Other loag term loans given |
576 |
0 |
0 |
200 000 |
|
|
Securities representing long term loans |
0 |
0 |
0 |
0 |
|
|
Revaluation of financial investments |
0 |
0 |
0 |
0 |
|
|
Revaluation difference of financial assets |
0 |
0 |
0 |
0 |
|
|
CURRENT ASSETS |
14 156 743 |
12 940 173 |
15 472 946 |
16 416 560 |
|
|
Inventories |
3 593 734 |
3 734 815 |
3 712 442 |
4 012 246 |
|
|
Raw materials and consumables |
2 079 275 |
2 083 740 |
2 305 596 |
2 425 257 |
|
|
Work in progress and semi-finished products |
352 516 |
797 466 |
613 724 |
1 024 445 |
|
|
Animals |
0 |
0 |
0 |
0 |
|
|
Finished goods |
1 153 186 |
840 687 |
779 470 |
554 262 |
|
|
Goodss, services |
0 |
0 |
0 |
0 |
|
|
Advance payments on inventories |
8 757 |
12 922 |
13 652 |
8 282 |
|
|
Receivables |
3 262 422 |
3 700 544 |
5 501 412 |
6 204 180 |
|
|
Trade accounts receivable |
1 011 115 |
918 569 |
2 610 357 |
3 225 079 |
|
|
Receivables from related companies |
2 078 231 |
2 549 220 |
2 573 968 |
2 609 424 |
|
|
Liabilities against companies with
significant ownership |
|
|
|
0 |
|
|
Receivables from other investees |
0 |
0 |
0 |
0 |
|
|
Bills of exchange receivable |
0 |
0 |
0 |
0 |
|
|
Other receivables |
173 076 |
232 755 |
317 087 |
369 677 |
|
|
Revaluation difference on receivables |
0 |
0 |
0 |
0 |
|
|
Revaluation difference (+) on derivative
transactions |
0 |
0 |
0 |
0 |
|
|
Securities |
0 |
0 |
0 |
0 |
|
|
Investments in related companies |
0 |
0 |
0 |
0 |
|
|
Significant shareholding |
|
|
|
0 |
|
|
Other investments |
0 |
0 |
0 |
0 |
|
|
Own shares, own quotas |
0 |
0 |
0 |
0 |
|
|
Securities personifying circulational
credit relation aim |
0 |
0 |
0 |
0 |
|
|
Revaluation difference on Securities |
0 |
0 |
0 |
0 |
|
|
Liquid assets |
7 300 587 |
5 504 814 |
6 259 092 |
6 200 134 |
|
|
Cash in hand, cheques |
5 099 |
5 768 |
3 828 |
5 511 |
|
|
Bank deposits |
7 295 488 |
5 499 046 |
6 255 264 |
6 194 623 |
|
|
PREPAID EXPENSES AND ACCRUED INCOME |
14 092 |
8 490 |
56 782 |
71 460 |
|
|
Accrued income |
3 862 |
2 209 |
6 528 |
21 341 |
|
|
Prepaid expenses |
10 230 |
6 281 |
50 254 |
50 119 |
|
|
Deferred expenses |
0 |
0 |
0 |
0 |
|
|
TOTAL ASSETS |
17 112 342 |
16 550 542 |
19 511 298 |
21 787 842 |
|
|
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY |
14 510 982 |
15 836 651 |
17 407 068 |
20 241 446 |
|
|
Capital subscribed |
67 730 |
67 730 |
67 730 |
67 730 |
|
|
thereof: treasure shares repurchased at
face value |
0 |
0 |
0 |
0 |
|
|
Issued but not paid capital (-) |
0 |
0 |
0 |
0 |
|
|
Capital reserves |
1 500 |
1 500 |
1 500 |
0 |
|
|
Retained earnings from previous years |
14 441 752 |
14 441 752 |
15 767 418 |
16 839 339 |
|
|
Non-distributable reserves |
0 |
0 |
0 |
500 000 |
|
|
Revaluation reserve |
0 |
0 |
0 |
0 |
|
|
Adjustment of valuation reserve |
0 |
0 |
0 |
0 |
|
|
Fair value of valuation reserve |
0 |
0 |
0 |
0 |
|
|
Profit per balance-sheet |
0 |
1 325 669 |
1 570 420 |
|
|
|
After tax profit |
|
|
|
2 834 377 |
|
|
PROVISIONS |
0 |
0 |
0 |
0 |
|
|
Provisions for expected liabilities |
0 |
0 |
0 |
0 |
|
|
Provisions for future expenses |
0 |
0 |
0 |
0 |
|
|
Other provision |
0 |
0 |
0 |
0 |
|
|
LIABILITIES |
2 343 816 |
509 343 |
1 860 520 |
926 052 |
|
|
Subordinated liabilities |
0 |
0 |
0 |
0 |
|
|
Subordinated liabilities to related
companies |
0 |
0 |
0 |
0 |
|
|
Subordinated liabilities against companies
with significant ownership |
|
|
|
0 |
|
|
Subordinated liabilities to ither investees |
0 |
0 |
0 |
0 |
|
|
Subordinated liabilities to other
enterprises |
0 |
0 |
0 |
0 |
|
|
Long term liabilities |
0 |
0 |
0 |
0 |
|
|
Long term credits |
0 |
0 |
0 |
0 |
|
|
Convertible bonds |
0 |
0 |
0 |
0 |
|
|
Convertible and changeable bonds |
|
|
|
|
|
|
Debts on the issue of bonds |
0 |
0 |
0 |
0 |
|
|
Investment and development loans |
0 |
0 |
0 |
0 |
|
|
Other long term loans |
0 |
0 |
0 |
0 |
|
|
Long term liabilities to related companies |
0 |
0 |
0 |
0 |
|
|
Durable liabilities against companies with
significant ownership |
|
|
|
0 |
|
|
Long term liabilities to other investees |
0 |
0 |
0 |
0 |
|
|
Other long term liabilities |
0 |
0 |
0 |
0 |
|
|
Short term liabilities |
2 343 816 |
509 343 |
1 860 520 |
926 052 |
|
|
Short term loans |
0 |
0 |
0 |
0 |
|
|
thereof: convertible bonds |
0 |
0 |
0 |
0 |
|
|
Short term credits |
0 |
0 |
0 |
0 |
|
|
Advance payments received from customers |
43 489 |
83 470 |
61 672 |
66 613 |
|
|
Trade accounts payable |
119 242 |
211 108 |
379 452 |
261 025 |
|
|
Bills of exchange payable |
0 |
0 |
0 |
0 |
|
|
Short term liabilities to related companies |
1 969 679 |
63 529 |
1 180 607 |
353 599 |
|
|
Short-term liabilities against companies
with significant ownership |
|
|
|
0 |
|
|
Short term liabilities to other investees |
0 |
0 |
0 |
0 |
|
|
Other short term liabilities |
211 406 |
151 236 |
238 789 |
244 815 |
|
|
Revaluation difference on liabilities |
0 |
0 |
0 |
0 |
|
|
Revaluation difference (?) on derivative
transactions |
0 |
0 |
0 |
0 |
|
|
ACCRUED EXPENSES AND DEFERRED INCOME |
257 544 |
204 548 |
243 710 |
620 344 |
|
|
Deferred revenues |
134 312 |
52 194 |
30 997 |
128 330 |
|
|
Accrued expenses and deferred income |
123 232 |
152 354 |
212 713 |
492 014 |
|
|
Deferred income |
0 |
0 |
0 |
0 |
|
|
TOTAL LIABILITIES AND SHEREHOLDERS EQUITY |
17 112 342 |
16 550 542 |
19 511 298 |
21 787 842 |
|
|
A. The enclosed
profit and loss account of 2013 is originated from official source, it is
authenticated by the auditor . (31.12.2013 - 1000 HUF) |
|||||
|
|
|||||
|
PROFIT AND LOSS ACCOUNT |
A 2013.12.31. |
B 2014.12.31. |
C 2015.12.31. |
D 2016.12.31. |
|||
|
Net domestic sales revenues |
9 843 |
10 823 |
33 371 |
26 008 |
|||
|
Net export sales revenues |
5 912 085 |
6 196 613 |
10 640 508 |
13 936 818 |
|||
|
Net sales revenues |
5 921 928 |
6 207 436 |
10 673 879 |
13 962 826 |
|||
|
Change in self-manufactured inventories |
-208 119 |
132 451 |
-244 958 |
185 512 |
|||
|
Capitalised value of self-manufactures
assets |
4 086 |
237 598 |
280 459 |
517 043 |
|||
|
Capitalised value of own performance |
-204 033 |
370 049 |
35 501 |
702 555 |
|||
|
Other revenues |
228 610 |
205 442 |
239 944 |
161 519 |
|||
|
of which: reversal of impairment loss
provision |
61 633 |
80 886 |
44 548 |
40 932 |
|||
|
Cost of raw materials |
1 886 440 |
2 481 793 |
4 078 061 |
5 649 316 |
|||
|
Value of services used |
1 523 215 |
1 558 183 |
2 170 725 |
2 782 966 |
|||
|
Value of other services |
47 013 |
61 411 |
62 963 |
75 060 |
|||
|
Cost of goods sold |
239 498 |
66 185 |
457 183 |
276 987 |
|||
|
Value of recharged services |
22 503 |
60 057 |
120 941 |
29 789 |
|||
|
Material type expenditure |
3 718 669 |
4 227 629 |
6 889 873 |
8 814 118 |
|||
|
Wages |
1 069 858 |
1 098 697 |
1 341 081 |
1 697 497 |
|||
|
Other payments to personnel |
129 238 |
127 547 |
161 137 |
225 427 |
|||
|
Personnel related contributions |
339 183 |
358 312 |
436 601 |
574 370 |
|||
|
Payments to personnel |
1 538 279 |
1 584 556 |
1 938 819 |
2 497 294 |
|||
|
Deprecation change |
350 444 |
362 274 |
286 326 |
328 094 |
|||
|
Other expenses |
282 684 |
483 225 |
255 286 |
457 923 |
|||
|
of which: impairment loss provision |
130 774 |
90 864 |
0 |
0 |
|||
|
TRADING PROFIT |
56 429 |
125 243 |
1 579 020 |
2 729 471 |
|||
|
Dividend received |
0 |
0 |
97 280 |
125 981 |
|||
|
of which: received from related companies |
0 |
0 |
0 |
125 981 |
|||
|
Incomes and exchange rate profit originated
from investments |
0 |
0 |
0 |
|
|||
|
Incomes and exchange rate profit originated
from investments |
|
|
|
0 |
|||
|
Given to associated company |
0 |
0 |
0 |
0 |
|||
|
Incomes and exchange rate profit originated
from financial investments (securities and loans) |
0 |
0 |
0 |
|
|||
|
Incomes and exchange rate profit originated
from financial investments (securities and loans) |
|
|
|
0 |
|||
|
of which: received from related companies |
0 |
0 |
0 |
0 |
|||
|
Other interest received |
130 705 |
107 628 |
80 687 |
95 377 |
|||
|
of which: received from related companies |
48 722 |
63 689 |
76 523 |
90 167 |
|||
|
Other revenues from financial transactions |
493 905 |
1 366 264 |
717 259 |
384 823 |
|||
|
Of which: valuation difference |
0 |
0 |
0 |
0 |
|||
|
Revenues from financial transactions |
624 610 |
1 473 892 |
895 226 |
606 181 |
|||
|
Expenditures originated from investments
and depreciation |
|
|
|
0 |
|||
|
From this: given to affiliated undertakings |
|
|
|
0 |
|||
|
Expenditures originated from financial
investments (securities and loans) and depreciation |
0 |
0 |
0 |
|
|||
|
Expenditures originated from financial
investments (securities and loans) and depreciation |
|
|
|
0 |
|||
|
of which: given to related companies |
0 |
0 |
0 |
0 |
|||
|
Interest paid |
0 |
35 |
0 |
0 |
|||
|
of which: given to related companies |
0 |
0 |
0 |
0 |
|||
|
Impairment loss of financial investment,
secunties and bank deposits |
0 |
0 |
0 |
0 |
|||
|
Other expenditures on financial
transactions |
457 413 |
158 645 |
105 407 |
185 978 |
|||
|
Thereof: valuation difference |
0 |
0 |
0 |
0 |
|||
|
Expenditures of financial transactions |
457 413 |
158 680 |
105 407 |
185 978 |
|||
|
FINANCIAL PROFIT |
167 197 |
1 315 212 |
789 819 |
420 203 |
|||
|
PROFIT FROM ORDINARY BUSINESS |
223 626 |
1 440 455 |
2 368 839 |
|
|||
|
Extraordinary revenues |
28 |
731 |
23 185 |
|
|||
|
Extraordinary expenditures |
0 |
500 |
23 159 |
|
|||
|
PROFIT ON EXTRAORDINARY EVENTS |
28 |
231 |
26 |
|
|||
|
NET PROFIT BEFORE TAXATION |
223 654 |
1 440 686 |
2 368 865 |
3 149 674 |
|||
|
Tax liability |
7 435 |
115 017 |
298 445 |
315 297 |
|||
|
AFTER TAX PROFIT |
216 219 |
1 325 669 |
2 070 420 |
2 834 377 |
|||
|
Dividends paid out of accumulated profit
reserve |
1 783 781 |
0 |
0 |
|
|||
|
Dividends paid (approved) out of current
year profits |
2 000 000 |
0 |
500 000 |
|
|||
|
NET PROFIT PER BALANCE SHEET |
0 |
1 325 669 |
1 570 420 |
|
|||
|
|
|||||||
|
Ratios |
|
2013 |
2014 |
2015 |
2016 |
||
|
|
Equity ratio |
0,85 |
0,96 |
0,89 |
0,93 |
|
|
Cleared equity ratio |
0,85 |
0,96 |
0,89 |
0,93 |
|
|
Current liquidity |
6,04 |
25,41 |
8,32 |
17,73 |
|
|
Quick liquidity |
4,51 |
18,07 |
6,32 |
13,39 |
|
|
Working capital |
11812927000 |
12430830000 |
13612426000 |
15490508000 |
|
|
Gearing |
0,16 |
0,03 |
0,11 |
0,05 |
|
|
Cleared gearing |
n/a |
n/a |
n/a |
n/a |
|
|
Profitability |
3,78 |
23,21 |
22,19 |
22,56 |
|
|
Operating profitability |
0,95 |
2,02 |
14,79 |
19,55 |
|
|
Stock days |
222 |
220 |
127 |
105 |
|
|
Debtor days |
201 |
218 |
188 |
162 |
|
|
Supplier days |
11,7 |
18,23 |
20,1 |
10,81 |
|
|
equity ratio (%) |
84,8 |
95,69 |
89,22 |
92,9 |
|
|
Long term debt ratio (%) |
0 |
0 |
0 |
0 |
|
|
Leverage (%) |
13,57 |
0,4 |
6,78 |
1,75 |
|
|
Coverage of fixed assets (%) |
493 |
440 |
437 |
382 |
|
|
Receivables turnover ratio (day) |
190 |
204 |
177 |
153 |
|
|
P/L after tax/Turnover (%) |
0,95 |
2,02 |
14,79 |
19,55 |
|
|
Return On Investment |
0 |
0,01 |
0,08 |
0,13 |
|
|
Interest cover |
n/a |
3578 |
n/a |
n/a |
|
|
Return On Equity (%) |
1,49 |
8,37 |
11,89 |
14 |
|
|
Return On Assets (%) |
1,26 |
8,01 |
10,61 |
13,01 |
|
|
Net income/Turnover (%) |
n/a |
n/a |
n/a |
n/a |
|
|
Change in Turnover (%) |
-20,08 |
4,82 |
71,95 |
30,81 |
|
|
Change in Net income (%) |
0,56 |
-3,28 |
17,89 |
11,67 |
|
|
Debtors/Creditors |
8,48 |
4,35 |
6,88 |
12,36 |
|
|
Change in P/L before tax (%) |
-96,41 |
122 |
1161 |
72,86 |
|
|
Turnover |
5921928000 |
6207436000 |
10673879000 |
13962826000 |
|
|
Turnover/Employees |
26555731 |
27836036 |
47864928 |
62613570 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.27 |
|
|
1 |
INR 89.72 |
|
Euro |
1 |
INR 79.52 |
|
HUF |
1 |
INR 0.26 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.