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MIRA INFORM REPORT
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Report No. : |
492462 |
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Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
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Name : |
MAKINTON D.O.O. SIROKI BRIJEG |
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Registered Office : |
Obilazna cesta broj 8, BA 88220 Siroki Brijeg |
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Country : |
Bosnia and Herzegovina |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
27.04.2009 |
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Com. Reg. No.: |
64-01-0090-09 |
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Legal Form : |
limited liability company |
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Line of Business : |
·
Wholesale trade of motor vehicle
parts and accessories ·
Retail trade of motor vehicle parts
and accessories ·
Legal site and business premises are
located at the above address |
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No. of Employees : |
5 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
EUR 10.000,00 |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Bosnia and Herzegovina |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
BOSNIA AND HERZEGOVINA
- ECONOMIC OVERVIEW
Bosnia and Herzegovina has a transitional economy with limited market reforms. The economy relies heavily on the export of metals, energy, textiles, and furniture as well as on remittances and foreign aid. A highly decentralized government hampers economic policy coordination and reform, while excessive bureaucracy and a segmented market discourage foreign investment. The economy is among the least competitive in the region. Foreign banks, primarily from Austria and Italy, control much of the banking sector, though the largest bank in the Republika Srpska entity is a private domestic one. The konvertibilna marka (convertible mark) - the national currency introduced in 1998 - is pegged to the euro through a currency board arrangement, which has maintained confidence in the currency and has facilitated reliable trade links with European partners. In 2016, Bosnia began a three-year IMF loan program, but it has struggled to meet the economic reform benchmarks required to receive all funding installments.
Interethnic warfare in Bosnia and Herzegovina caused production to plummet by 80% from 1992 to 1995 and unemployment to soar, but the economy made progress until 2008, when the global economic crisis caused a downturn. Since 2013, Bosnia and Herzegovina has posted positive economic growth, though severe flooding hampered recovery in 2014. Bosnia and Herzegovina became a full member of the Central European Free Trade Agreement in September 2007.
Bosnia and Herzegovina's private sector is growing slowly, but foreign investment dropped sharply after 2007 and remains low. High unemployment remains the most serious macroeconomic problem. Successful implementation of a value-added tax in 2006 provided a steady source of revenue for the government and helped rein in gray-market activity, though public perceptions of government corruption and misuse of taxpayer money has encouraged a large informal economy to persist. National-level statistics have improved over time, but a large share of economic activity remains unofficial and unrecorded.
Bosnia and Herzegovina's top economic priorities are: acceleration of integration into the EU; strengthening the fiscal system; public administration reform; World Trade Organization membership; and securing economic growth by fostering a dynamic, competitive private sector
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Source
: CIA |
Company
name and address
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MAKINTON d.o.o. Siroki
Brijeg |
Mobile |
+387 63/365333 |
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Obilazna cesta broj 8 |
E-Mail |
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BA 88220 Siroki Brijeg |
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Statistic number |
4272296110005 |
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Short name |
MAKINTON d.o.o. Siroki
Brijeg |
VAT number |
272296110005 |
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Company status |
active |
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Company
summery
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Legal
form |
limited liability company |
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Established |
2009-04-27 |
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Registered |
2009-04-27, Cantonal court Široki Brijeg, Register number:
64-01-0090-09 |
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last court entry: 2015-03-25 |
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VAT number: 272296110005 |
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Statistic number: 4272296110005 |
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Establishers |
Frano Leko |
100,00% |
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Kneza Domagoja 8, 88220 Široki Brijeg, Bosnia &
Hercegovina |
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Basic
capital |
KM 450.000,00 |
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Management |
Frano Leko, manager Kneza Domagoja 8, 88220 Široki Brijeg, Bosnia &
Hercegovina |
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Activity |
Wholesale trade of motor vehicle parts and accessories |
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Retail trade of motor vehicle parts and accessories |
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Legal site and business premises are located at the above
address |
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Registered business unit at Tasovčići bb, 88300
Čapljina |
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Basic activity code (according to NACE Rev.2): |
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Wholesale trade of motor vehicle parts and
accessories (45.31) |
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Staff |
2012 5 employees 2013 6 employees 2014 8 employees 2015 8 employees 2016 5 employees |
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Total
revenue |
2012 KM |
1.251.000 |
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2013 KM |
1.283.463 |
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2014 KM |
1.749.679 |
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2015 KM |
2.441.089 |
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2016 KM |
2.697.050 |
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Real
estate |
Data on real estate not available |
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Insight into real estate register not possible |
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Financials
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Assets |
Currency: KM ( x 1.000 ) |
2016.12.31 |
2015.12.31 |
2014.12.31 |
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FIXED ASSETS |
375 |
562 |
671 |
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Intangible assets |
0 |
0 |
0 |
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Tangible assets |
375 |
559 |
665 |
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Long term financ. assets |
0 |
0 |
0 |
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Long term receivables |
0 |
3 |
6 |
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CURRENT ASSETS |
1.200 |
1.192 |
1.224 |
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Inventories |
894 |
1.007 |
1.060 |
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Short term receivables |
83 |
106 |
137 |
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Short term financial assets |
0 |
0 |
0 |
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Cash at bank and in hand |
223 |
79 |
27 |
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ACCRUALS |
0 |
0 |
0 |
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LOSS OVER THE CAPITAL |
0 |
0 |
0 |
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TOTAL ASSETS |
1.575 |
1.754 |
1.895 |
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Liabilities |
Currency: KM ( x 1.000 ) |
2016.12.31 |
2015.12.31 |
2014.12.31 |
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EQUITY |
658 |
621 |
578 |
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Subscribed capital |
450 |
450 |
450 |
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Profit brought forward |
208 |
171 |
128 |
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PROVISIONS |
0 |
0 |
0 |
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LONG TERM LIABILITIES |
299 |
415 |
467 |
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SHORT TERM LIABILITIES |
618 |
718 |
850 |
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Credits |
155 |
246 |
434 |
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To suppliers |
388 |
411 |
399 |
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Other short term liabilities |
75 |
61 |
17 |
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DEFFERED ITEMS |
0 |
0 |
0 |
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TOTAL EQUITY AND LIABILITIES |
1.575 |
1.754 |
1.895 |
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Profit/loss
account |
Currency: KM ( x 1.000 ) |
2016.12.31 |
2015.12.31 |
2014.12.31 |
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OPERATING REVENUES |
2.659 |
2.353 |
1.727 |
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Sales |
2.659 |
2.353 |
1.727 |
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OPERATING EXPENSES |
2.623 |
2.353 |
1.654 |
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Material costs |
2.421 |
2.093 |
1.489 |
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- raw material costs |
31 |
7 |
2 |
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- sold goods costs |
2.390 |
2.086 |
1.487 |
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- other external costs |
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1 |
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Staff costs |
56 |
75 |
79 |
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Depreciation of fixed assets |
104 |
107 |
41 |
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Other operating expenses |
42 |
78 |
45 |
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FINANCIAL REVENUES |
38 |
88 |
22 |
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FINANCIAL EXPENSES |
10 |
22 |
17 |
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EXTRAORDINARY REVENUES |
0 |
0 |
0 |
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EXTRAORDINARY EXPENSES |
23 |
18 |
19 |
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TOTAL REVENUES |
2.697 |
2.441 |
1.750 |
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TOTAL EXPENSES |
2.656 |
2.393 |
1.689 |
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Profit before taxation |
41 |
48 |
60 |
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Loss before taxation |
0 |
0 |
0 |
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Taxation on profit |
4 |
5 |
6 |
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PROFIT OF THE PERIOD |
37 |
43 |
54 |
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LOSS OF THE PERIOD |
0 |
0 |
0 |
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Financial
ratios |
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2016.12.31 |
2015.12.31 |
2014.12.31 |
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Financial stability ratio |
0,7541 |
0,6603 |
0,6037 |
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Solvency ratio (%) |
41,7778 |
35,4048 |
30,5013 |
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Debt ratio (in years) |
6,5035 |
7,5533 |
13,8632 |
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Liquidity ratio |
0,4951 |
0,2577 |
0,1929 |
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Current ratio |
1,9417 |
1,6602 |
1,4400 |
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Total assets turnover |
1,7124 |
1,3917 |
0,9235 |
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Inventories turnover |
3,0168 |
2,4240 |
1,6509 |
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Collection period (in days) |
11,2373 |
16,2176 |
28,5582 |
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Creditors Days |
52,5310 |
62,8814 |
83,1731 |
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Inventories bonding (in days) |
119,3326 |
148,5129 |
218,0571 |
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Profit margin (%) |
1,3719 |
1,7616 |
3,0857 |
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Return on total assets (%) |
2,3492 |
2,4515 |
2,8496 |
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Return on equity (%) |
5,6231 |
6,9243 |
9,3426 |
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Total revenue per employee (x 1.000) |
539,4000 |
305,1250 |
218,7500 |
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Profit per employee (x 1.000) |
7,4000 |
5,3750 |
6,7500 |
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Equity per employee (x 1.000) |
131,6000 |
77,6250 |
72,2500 |
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Total assets per employee (x 1.000) |
315 |
219,2500 |
236,8750 |
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Staff costs/Turnover (%) |
2,0764 |
3,0725 |
4,5143 |
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EBIT (x 1.000) |
36 |
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73 |
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EBITDA (x 1.000) |
140 |
107 |
114 |
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EBIT Margin (%) |
1,3539 |
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4,2270 |
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EBITDA Margin (%) |
5,2651 |
4,5474 |
6,6010 |
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Remarks |
2012 profit |
KM |
25.000 |
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2013 profit |
KM |
39.210 |
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2014 profit |
KM |
60.219 |
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2015 profit |
KM |
48.524 |
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2016 profit |
KM |
41.520 |
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Registered long company name: MAKINTON d.o.o. Široki
Brijeg Registered short company name: MAKINTON d.o.o. Široki Brijeg |
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The contact number on Your inquiry + 387 63/365333 belongs
to Mr. Frano Leko. |
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According to information from Central Bank in Bosnia and
Hercegovina from 2018-02-15, the company account is not blocked. |
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Inflations rate: 2012: 2,1% 2013: -0,1% 2014: -0,9% 2015: -1,0% 2016: -1,1% |
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Bankers |
UNICREDIT BANK d.d. |
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Kardinala Stepinca bb, 88000 Mostar, Bosnia &
Hercegovina |
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3382202256898574 |
Payment
behaviour and Credit opinion
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Payment
behaviour |
no complaints |
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Credit
opinion |
business connections appear permissible |
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Credit
limit |
EUR 10.000,00 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.05 |
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1 |
INR 90.41 |
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Euro |
1 |
INR 79.82 |
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BAM |
1 |
INR 40.76 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIY |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.