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MIRA
INFORM REPORT
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Report No. : |
496665 |
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Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MONILE D.O.O |
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Registered Office : |
Za Trgovinu I UslugeAvenija Dubrovnik 16/7 HR
10000 Zagreb |
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Country : |
Croatia (Hrvatska) |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
25.09.2002 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
·
Retail
sale of clothing in specialised stores ·
Retail sale via stalls and markets of textiles, clothing
and footwear ·
Trade
with man suits, ties and shirts Buying and selling goods Representation of
foreign companies Import from Italy and China Export to Bosnia & Hercegovina |
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No. of Employees : |
162 (2016) |
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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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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Croatia (Hrvatska) |
A2 |
A2 |
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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 |
CROATIA (HRVATSKA)- ECONOMIC OVERVIEW
Though still one of the wealthiest of the former Yugoslav republics, Croatia’s economy suffered badly during the 1991-95 war. The country's output during that time collapsed, and Croatia missed the early waves of investment in Central and Eastern Europe that followed the fall of the Berlin Wall. Between 2000 and 2007, however, Croatia's economic fortunes began to improve with moderate but steady GDP growth between 4% and 6%, led by a rebound in tourism and credit-driven consumer spending. Inflation over the same period remained tame and the currency, the kuna, stable.
Croatia experienced an abrupt slowdown in the economy in 2008 and is slowly recovering; economic growth was stagnant or negative in each year between 2009 and 2014, but has picked up since 2015. Difficult problems still remain including a stubbornly high unemployment rate, uneven regional development, and a challenging investment climate. Its stubbornly high unemployment rate is slowly coming down. In 2016 Croatia demonstrated a commitment to improving the business climate, simplifying its tax code to stimulate growth from domestic consumption and foreign investment. Even before 2016, Croatia has worked to become a regional energy player and plans to import liquefied natural gas through a prospective import terminal and re-export it to European consumers.
On 1 July 2013, Croatia joined the EU, following a decade-long application process. Croatia will be a member of the European Exchange Rate Mechanism, with its currency effectively pegged to the euro, until it meets the criteria for joining the Economic and Monetary Union and adopts the euro as its currency. EU accession has increased pressure on the government to reduce Croatia’s relatively high public debt and as a result Zagreb has cut spending and has raised additional revenues through more stringent tax collection and by raising the value-added tax. The government has also sought to accelerate privatization of non-strategic assets, with mixed success. Croatia’s economic recovery is still somewhat fragile, though, as one of the country’s largest companies almost collapsed in 2017.
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Source
: CIA |
company name and address
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MONILE
d.o.o. za trgovinu i usluge |
Phone |
+385
1/5555821 |
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Avenija
Dubrovnik 16/7 |
Fax |
+385
1/5555820 |
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HR
10000 Zagreb |
E-Mail |
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Web |
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Statistic
number |
1664611 |
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Short
name |
MONILE
d.o.o. |
Tax
number |
14610016674 |
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Company
status |
active |
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Company summary
Legal form limited liability company
Established 2002.09.25
Registered 2002-09-25, Commercial court Zagreb, MBS: 080440785
last court entry: 2017.07.17
Statistic number: 1664611
OIB: 14610016674
Establishers Valdes usluge d.o.o. (4362578),
10000 Zagreb, Avenija Dubrovnik 16/7, Croatia
100,00%
Basic capital HRK 42.405.000,00
Capital changes:
Until 2013.07.12: HRK 20.000,00
Until 2014.08.07: HRK 5.016.000,00
Until 2015.08.06: HRK 11.016.000,00
Until 2016.08.25: HRK 22.016.000,00
Until 2017.07.17: HRK 24.235.000,00
Management Igor Smola, member
Kajfešov Brijeg 14, 10000 Zagreb, Croatia
Slaven Stojić, member
Rudeška Cesta 173, 10000 Zagreb, Croatia
Boris Stojić, proxy
Ostrogovićeva 5, 10000 Zagreb, Croatia
Martina Barišić, proxy
Odakova Ulica 5, 10000 Zagreb, Croatia
Tomislav Janžek, proxy
Dolovska Ulica 34, 10000 Zagreb, Croatia
Activity Retail sale of clothing in specialised stores
Retail sale via stalls and markets of textiles, clothing and footwear
Trade with man suits, ties and shirts
Buying and selling goods
Representation of foreign companies
Import from Italy and China
Export to Bosnia & Hercegovina
Legal site and business premises are located at the above address
30 Boutiques Galileo in Zagreb, Dugopolje, Osijek, Rijeka, Split, Zadar, Slavonski Brod,
Dubrovnik, Varaždin, Karlovac, Šibenik, Pula, Samobor, Zaprešić, Sveti Križ Začretje
The subsidiary MONILE d.o.o. Ljubljana has 6 Boutiques in Slovenia.
Former company address was till 2010-10-20 at: Trnsko 7/a, 10000 Zagreb
Former company address was till 2003-02-04 at: Božidara Magovca 93, 10000 Zagreb
Basic activity code (according to NACE Rev.2):
Retail sale of clothing in specialised stores (47.71)
Staff 2012 66 employees
2013 94 employees
2014 124 employees
2015 127 employees
2016 162 employees
Total revenue 2012 HRK 38.122.700
2013 HRK 49.985.220
2014 HRK 72.811.460
2015 HRK 86.021.860
2016 HRK 105.656.640
Real estate data on real estate not available
insight into real estate register not possible
financial
Assets Currency: HRK ( x 1.000 ) 2016.12.31 2015.12.31 2014.12.31
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FIXED ASSETS |
27.461 |
11.916 |
13.247 |
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Intangible assets |
11.491 |
6.940 |
6.532 |
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Tangible assets |
15.906 |
4.912 |
4.028 |
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- tools, equipment, vehicles |
6.217 |
4.244 |
4.028 |
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- tangible assets in preparement |
9.690 |
669 |
0 |
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Long term financ. assets |
63 |
63 |
2.686 |
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- other participations |
57 |
57 |
2.680 |
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- credits, deposits, guarantees |
6 |
6 |
6 |
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Long
term receivables |
0 |
0 |
0 |
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CURRENT
ASSETS |
66.539 |
48.858 |
33.169 |
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Inventories |
36.287 |
28.561 |
22.812 |
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-
trade goods |
33.515 |
27.418 |
20.968 |
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advance payments |
2.772 |
1.143 |
1.844 |
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Short
term receivables |
19.473 |
11.666 |
6.386 |
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from associated companies |
1.531 |
1.502 |
0 |
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from sales |
9.992 |
7.811 |
5.626 |
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from staff |
22 |
22 |
0 |
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from state and institutions |
1.448 |
1.881 |
372 |
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-
others |
6.480 |
450 |
388 |
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Short
term financial assets |
9.948 |
8.395 |
3.972 |
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Cash
at bank and in hand |
831 |
236 |
0 |
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ACCRUALS |
682 |
342 |
333 |
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TOTAL
ASSETS |
94.682 |
61.115 |
46.748 |
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Currency:
HRK ( x 1.000 ) |
2016.12.31 |
2015.12.31 |
2014.12.31 |
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EQUITY |
44.416 |
27.386 |
22.397 |
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Subscribed
capital |
24.235 |
22.016 |
11.016 |
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Profit
brought forward |
1.924 |
381 |
347 |
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Profit
of the period |
18.257 |
4.989 |
11.034 |
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PROVISIONS |
0 |
0 |
0 |
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LONG
TERM LIABILITIES |
16.734 |
2.908 |
283 |
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SHORT
TERM LIABILITIES |
33.532 |
30.822 |
24.069 |
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Loans |
2.418 |
2.618 |
3.958 |
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Credits |
8.360 |
17.241 |
13.016 |
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To
suppliers |
20.443 |
8.599 |
5.354 |
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To
staff |
729 |
603 |
519 |
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Taxes,
fees, etc. |
1.583 |
1.761 |
1.222 |
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DEFFERED
ITEMS |
0 |
0 |
0 |
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TOTAL
EQUITY AND LIABILITIES |
94.682 |
61.115 |
46.748 |
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Currency:
HRK ( x 1.000 ) |
2016.12.31 |
2015.12.31 |
2014.12.31 |
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OPERATING
REVENUES |
105.273 |
85.799 |
72.331 |
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Sales
in the country |
97.074 |
84.937 |
71.356 |
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Sales
abroad |
7.496 |
0 |
0 |
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Other
revenues |
704 |
862 |
975 |
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OPERATING
EXPENSES |
85.758 |
79.011 |
60.141 |
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Material
costs |
69.767 |
59.553 |
48.492 |
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-
raw material costs |
4.260 |
3.609 |
3.569 |
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-
sold goods costs |
50.451 |
42.576 |
33.120 |
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-
other external costs |
15.056 |
13.368 |
11.803 |
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Staff
costs |
10.407 |
9.000 |
7.240 |
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Depreciation
of fixed assets |
1.957 |
1.565 |
1.162 |
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Other
operating expenses |
3.627 |
8.893 |
3.248 |
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FI
NANCIAL REVENUES |
384 |
223 |
273 |
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FINANCIAL
EXPENSES |
1.595 |
1.321 |
1.613 |
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EXTRAORDINARY
REVENUES |
0 |
0 |
208 |
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EXTRAORDINARY
EXPENSES |
0 |
0 |
0 |
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TOTAL
REVENUES |
105.657 |
86.022 |
72.811 |
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TOTAL
EXPENSES |
87.353 |
80.332 |
61.755 |
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Profit
before taxation |
18.304 |
5.690 |
11.057 |
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Loss before taxation |
0 |
0 |
0 |
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Taxation on profit |
47 |
701 |
23 |
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PROFIT OF THE PERIOD |
18.257 |
4.989 |
11.034 |
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LOSS OF THE PERIOD |
0 |
0 |
0 |
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2016.12.31 |
2015.12.31 |
2014.12.31 |
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Financial stability ratio |
0,9593 |
0,7484 |
0,6290 |
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Solvency ratio (%) |
46,9105 |
44,8100 |
47,9094 |
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Debt ratio (in years) |
2,4867 |
5,1466 |
1,9967 |
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Liquidity ratio |
0,9022 |
0,6585 |
0,4303 |
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Current ratio |
1,9844 |
1,5852 |
1,3781 |
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Total assets turnover |
1,1159 |
1,4075 |
1,5575 |
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Inventories turnover |
2,9117 |
3,0119 |
3,1918 |
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Collection period (in days) |
67,0387 |
49,4452 |
32,2173 |
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Creditors Days |
70,3779 |
36,4475 |
27,0109 |
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Inventories bonding (in days) |
123,6392 |
119,5271 |
112,7887 |
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Profit margin (%) |
17,2795 |
5,7995 |
15,1537 |
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Return on total assets (%) |
19,2824 |
8,1630 |
23,6022 |
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Return on equity (%) |
41,1047 |
18,2170 |
49,2642 |
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Total revenue per employee (x 1.000) |
652,2015 |
677,3375 |
587,1892 |
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Profit per employee (x 1.000) |
112,6970 |
39,2824 |
88,9810 |
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Equity per employee (x 1.000) |
274,1707 |
215,6357 |
180,6199 |
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Total assets per employee (x 1.000) |
584,4546 |
481,2218 |
377,0030 |
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Staff costs/Turnover (%) |
9,8495 |
10,4626 |
9,9432 |
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EBIT (x 1.000) |
19.514,6700 |
6.787,4100 |
12.189,8300 |
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EBITDA (x 1.000) |
21.471,7700 |
8.352,3400 |
13.351,7700 |
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EBIT Margin (%) |
18,5372 |
7,9109 |
16,8528 |
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EBITDA Margin (%) |
20,3963 |
9,7348 |
18,4593 |
Remarks
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2007 import HRK |
2.312.591,00 |
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2008 import HRK |
4.623.666,00 |
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2010 import HRK |
4.290.906,00 |
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2011 import HRK |
11.301.891,00 |
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2012 import HRK |
18.427.167,00 |
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2016 export HRK |
7.495.647,00 |
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2012 profit HRK |
5.003.600 |
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2013 profit HRK |
6.089.550 |
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2014 profit HRK |
11.056.750 |
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2015 profit HRK |
5.689.730 |
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2016 profit HRK |
18.303.540 |
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Subsidiaries
MONILE d.o.o.
(Statistic number: 6620078)
Leskoškova cesta 10, 1000 Ljubljana, Slovenia
100,00%
Short company name: MONILE d.o.o.
Other shares and functions of Mr. Igor Smola:
- AVENIJA d.o.o., Zagreb; co-establisher and member of board
- PREFEKT d.o.o., Zagreb; co-establisher and member of board
- VIRTUOZ USLUGE d.o.o., Zagreb; member of board
- LOCUS PROJEKT d.o.o., Zagreb; co-establisher and member of board
- FILIA USLUGE d.o.o., Zagreb; member of board
- Valdes usluge d.o.o., Zagreb; member of board
- MARION d.o.o., Zagreb; co-establisher and proxy
- DOCTA DICTA d.o.o., Zagreb; proxy
- Torterie Macaron slastičarne d.o.o., Zagreb; co-establisher and member of board
- Batak grill d.o.o., Zagreb; member of board
- Leggiero barovi d.o.o., Zagreb; member of board
Investments in:
2011: HRK 1.787.888,00
2012: HRK 1.073.327,00
2013: HRK 1.087.314,00
2014: HRK 6.872.263,00
According to the official information from the Register of transaction accounts, the company accounts are active and are not blocked (date of last check: 2018.03.07). Company accounts were blocked since 2013.03.25 till 2013.03.26.
Exchange rate:
2012-12-31 EUR 1 = HRK 7,5456
2013-12-31 EUR 1 = HRK 7,6376
2014-12-31 EUR 1 = HRK 7,6615
2015-12-31 EUR 1 = HRK 7,6350
2016-12-31 EUR 1 = HRK 7,5578
Inflation:
2012: 3,4%
2013: 2,2%
2014: -0,2%
2015: -0,5%
2016: -1,1%
Bankers Addiko Bank d.d.
Slavonska avenija 6, 10000 Zagreb, Croatia
HR1025000091101439245
ERSTE&STEIERMÄRKISCHE BANK d.d.
Jadranski trg 3a, 51000 Rijeka, Croatia
HR7224020061100099012
PRIVREDNA BANKA ZAGREB d.d.
Račkoga 6, 10000 Zagreb, Croatia
HR9723400091110577964
ZAGREBACKA BANKA d.d.
Paromlinska 2, 10000 Zagreb, Croatia
HR4023600001102259150
SBERBANK d.d.
Varsavska 9, 10000 Zagreb, Croatia
HR4525030071100071453
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
INR 64.96 |
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|
1 |
INR 90.34 |
|
Euro |
1 |
INR 80.75 |
|
HRK |
1 |
INR 10.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VAR |
|
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Report Prepared
by : |
POJ |
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 |
|
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 |
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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.