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MIRA INFORM REPORT
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Report No. : |
497035 |
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Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
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Name : |
B.M. SOURCE RECYCLING SP. Z O.O. |
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Registered Office : |
Ul. Antoniego Józefa
Madalińskiego 96/98/32, 02-506 Warszawa |
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Country : |
Poland |
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Financials (as on) : |
30.09.2017 |
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Date of Incorporation : |
05.07.2016 |
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Legal Form : |
Limited liability company |
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Line of Business : |
· Agents involved in the sale of a variety of goods · Sewage and refuse disposal, sanitation and similar activities · Wholesale trade a, except of motor vehicles · Post and courrier activity · Acommodastion ·
Renting |
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No. of Employees : |
1 |
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 : |
Slow but Correct |
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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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Poland |
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 |
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.
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Source
: CIA |
Company
name and address
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B.M. SOURCE RECYCLING Sp. z o.o. |
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ul. Antoniego Józefa
Madalińskiego 96/98/32 |
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Mobile phone: 575334441 |
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E-mail:
sales@bmsrecycling.com |
Company
summery
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Legal form |
Limited liability company |
(5) |
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Stat.no. |
364923197 |
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Tax ID |
PL 5213741361 |
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Establishment |
05.07.2016 |
(5) |
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Registration: |
06.07.2016, District Court Warszawa, XIII Department, KRS 627089 |
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Shareholders |
Anna Karolina Bernas , personal ID no. (PESEL) 88111104200 |
PLN |
4 750,00 |
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other shareholders |
PLN |
250,00 |
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list entered to NCR /KRS/ on 14.11.2016 |
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Initial Capital |
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PLN 5 000,00 |
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Initial capital divided into 100 shares of PLN 50,00 each |
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Management |
Anna Karolina Bernas ,
personal ID no. (PESEL) 88111104200 |
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Representation: |
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Main activity |
The above mentioned subject of the business activity was reported in the Central Statistical Office as the predominant industry. |
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Branches NACE 2007: |
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Agents involved in the sale of a variety of goods |
(G.46.19.Z) |
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Sewage and refuse disposal, sanitation and similar activities |
(E.38) |
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Wholesale trade a, except of motor vehicles |
(G.46) |
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Post and courrier activity |
(H.53) |
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Acommodastion |
(I.55) |
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Renting |
(N.77) |
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Employment |
2017:
1 employee |
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Turnover |
2018 - expected value |
USD |
2 000 000,00 |
Financial
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Financial
statements |
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Other
General information
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Locations: |
seat: |
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Real Estate |
No data |
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Shares in other companies |
As at 26.02.2018 there are no shares in other companies. |
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Connections: |
As at 26.02.2018 there are no relations. |
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Banks |
MBANK SA Oddział
Bankowości Detalicznej (11402004) |
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Payment Manner |
Slow but Correct |
(34) |
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Credit capability |
Business connections should not be refused, credits require security |
(41) |
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The commercial credit cannot be determined due to the lack of insight into the complete and current financial situation of the subject company. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.06 |
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1 |
INR 91.06 |
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Euro |
1 |
INR 80.37 |
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PLN |
1 |
INR 19.00 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.