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MIRA
INFORM REPORT
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Report No. : |
498643 |
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Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
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Name : |
BIURO HANDLOWE GRENO IOANNIS BLATSIOS |
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Registered Office : |
Pietrzykowice, Ul. Fabryczna 22, 55-080
Kąty Wrocławskie |
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Country : |
Poland |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
09.09.2002 |
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Legal Form : |
Natural persons conducting business activity |
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Line of Business : |
· Wholesale and retail trade in textile products (towels, sheets, tablecloths, bedspreads) · Running a hotel ·
Wholesale of textiles ·
Hotels ·
Manufacture of made-up textile articles ·
Building erection related general building
activity ·
Agents involved in the sale of furniture,
household goods, hardware and ironmongery ·
Other transportation activities |
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No. of Employees : |
73 [2018] |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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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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Biuro Handlowe GRENO Ioannis Blatsios |
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Pietrzykowice |
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Phone:
71 3605656 |
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Fax:
71 3605657 |
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E-mail:
greno@greno.pl |
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sekretariat@greno.pl |
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Website:
www.greno.pl |
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COMPANY SUMMARY
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Legal
form |
Natural
persons conducting business activity |
(1) |
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Stat.no. |
930142869 |
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Tax
ID |
PL
8990205951 |
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Establishment |
09.09.2002 |
(1) |
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Changes
of names and addresses |
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Registration: |
29.10.2011,
Central Business Activity Registration and Information Office, Date of
beginning of the activity 04.03.1993, |
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Owner |
Ioannis
Blatsios |
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Representation
Authority |
Joanna
Kałkowska |
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Main
activity |
Wholesale
and retail trade in textile products (towels, sheets, tablecloths,
bedspreads, etc.) |
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Branches
NACE 2007: |
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Wholesale
of textiles |
(G.46.41.Z) |
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Hotels |
(I.55.10.Z) |
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Manufacture
of made-up textile articles |
(C.13.92.Z) |
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Building
erection related general building activity |
(F.41.20.Z) |
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Agents
involved in the sale of furniture, household goods, hardware and ironmongery |
(G.46.15.Z) |
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Other
transportation activities |
(H.49.41.Z) |
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Employment |
2014:
90 employees |
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Turnover |
2013 |
PLN |
43 225 321,72 |
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2014 |
PLN |
42 104 409,56 |
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2015 |
PLN |
41 036 110,21 |
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2016 |
PLN |
37 505 806,25 |
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2017 |
PLN |
32 545 000,00 |
Financial statements |
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Other general information
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Locations: |
seat: |
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Real
Estate |
Pietrzykowice,
ul. Fabryczna 22, 55-080 Kąty Wrocławskie |
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Book
value of buildings as at 31.12.2016 |
PLN |
2 528 767,39 |
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Book
value of lands as at 31.12.2016 |
PLN |
924 742,22 |
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Verification
of information on real estate ownership position through the Real Estate
Register is not covered by the standard report. |
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Means
of transport |
As
at 31.12.2016 book value of car fleet was: PLN 496 514,94 |
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Connections: |
Ioannis
Blatsios |
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Data
concerning connections are valid as at: 23.03.2018. |
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Certificates
and Licenses |
Licence
to sell alcoholic beverages between 4,5% and 18% of alcohol content for the
consumption at the point of sale – Greno w Karpaczu przy ul. Olimpijskiej 2 |
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Banks |
Deutsche
Bank Polska SA Centrum Operacji Bankowych (19101064) |
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Payment
Manner |
Regular
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(22) |
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Credit
capability |
Business
connections are recommended |
(11) |
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We
would like to draw your attention to: |
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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 65.13 |
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1 |
INR 91.95 |
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Euro |
1 |
INR 80.34 |
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PLN |
1 |
INR 18.99 |
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 : |
SYL |
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
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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.