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MIRA INFORM REPORT
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Report No. : |
505513 |
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Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
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Name : |
AAB START S.R.O. |
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Registered Office : |
Namestie M.R.Stefanika 3/15 945 01 Komarno |
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Country : |
Slovakia |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
28.07.2011 |
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Com. Reg. No.: |
Sro 29531/N |
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Legal Form : |
Limited
liability company |
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Line of Business : |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Slovakia |
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 |
SLOVAKIA - ECONOMIC
OVERVIEW
Slovakia’s economy suffered from a slow start in the first years after its separation from the Czech Republic in 1993, due to the country’s authoritarian leadership and high levels of corruption, but economic reforms implemented after 1998 have placed Slovakia on a path of strong growth. With a population of 5.4 million, the Slovak Republic has a small, open economy driven mainly by automobile and electronics exports, which account for more than 80% of GDP. Slovakia joined the EU in 2004 and the euro zone in 2009. The country’s banking sector is sound and predominantly foreign owned.
Slovakia has been a regional FDI champion for several years, attractive due to a relatively low-cost yet skilled labor force, and a favorable geographic location in the heart of Central Europe. Exports and investment have been key drivers of Slovakia’s robust growth in recent years. The unemployment rate fell to historical lows in 2017, and rising wages fueled increased consumption, which played a more prominent role in 2017 GDP growth. A favorable outlook for the Eurozone suggests continued strong growth prospects for Slovakia during the next few years, although inflation is also expected to pick up.
Among the most pressing domestic issues potentially threatening the attractiveness of the Slovak market are shortages in the qualified labor force, persistent corruption issues, and an inadequate judiciary, as well as a slow transition to an innovation-based economy. The energy sector in particular is characterized by unpredictable regulatory oversight and high costs, in part driven by government interference in regulated tariffs. Moreover, the government’s attempts to maintain low household energy prices could harm the profitability of domestic energy firms while undercutting energy efficiency initiatives.
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Source
: CIA |
Company
identification
|
AAB START s.r.o. |
|
Namestie
M.R.Stefanika 3/15 945 01 Komarno Slovakia |
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Registration: |
Okresny sUd |
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|||
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Statistical Nr. |
46223690 |
Registration Nr. |
Sro 29531/N |
||
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Tax Nr. |
SK2023314612 |
Status |
active |
||
Economic situation
|
Business
connection |
Providing
credits require assurances. The establishing of the business |
(41) |
|
|
connection
is not rejected. |
|
|
Terms
of payment |
Slow
|
(41) |
Basic
information
Legal form
Limited
liability company (Ltd.)
Founded
28/07/2011 as Limited liability company
(Ltd.)
29.06.2017
Registration
28/07/2011, Okresny sud Nitra, Sro 29531/N
Statistical Nr.: 46223690 Tax Nr.: SK2023314612
Registered names
Valid from Former
name Valid until
28/07/2011 AAB
START s.r.o. 21/01/2014
Owners and Capital
|
Crefo Nr. |
Name / Address / Status |
From |
Share |
|
Owner |
|||
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9231777269 |
Zsolt Kurti 1174 Budapest 17, Erdokovesd utca 20
Hungary |
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5 000,00 EUR |
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Total capital |
5 000,00 EUR |
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Registered capital |
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|
|
Date |
Currency |
Value |
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|
EUR |
5000,00 |
Management
|
Crefo Nr. |
Name / Address / Status |
Since |
Power of attorney |
|
Manager |
|||
|
9231777269 |
Zsolt Kurti 1174 Budapest 17, Erdokovesd utca 20
Hungary |
|
authorized to sign alone |
Company addresses
|
Valid from |
Residence address |
Valid until |
|
22/01/2014 |
Namestie M.R.Stefanika 3/15, 945 01
Komarno, Slovakia |
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|
28/07/2011 |
ul. gen. Klapku 2999/22, 945 01 Komarno,
Slovakia |
29/12/2011 |
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30/12/2011 |
Gombaiho 6, 949 01 Komarno, Slovakia |
21/01/2014 |
Business activities
|
Main activity |
Nace |
|
Non-specialised wholesale trade |
46.90 |
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Additional
activities |
Nace |
|
Agents involved in the sale of a variety of goods |
46.19 |
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Other retail sale in non-specialised stores |
47.19 |
|
Renting and operating of own or leased real estate |
68.20 |
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Business and other management consultancy activities |
70.22 |
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sale and brokerage |
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Economic data
Turnover and Employees
|
Date |
Turnover |
Employees |
|
2014 |
0 EUR |
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2015 |
0 EUR |
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|
2016 |
0 EUR |
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2017 |
0 EUR |
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2018 |
|
0 |
Supplementary data
Remarks
Other informations are not available.
There are no telephone contacts registered on
the company neither on the owner
Main indices
Payment experience and credit opinion
|
Terms of payment |
Slow |
(41) |
|
Business connection |
Providing credits require assurances. The
establishing of the business connection is not rejected. |
(41) |
Business development
|
Company development |
Company development stagnative |
(40) |
|
Business course |
downturning |
(40) |
Events
No negative events registered
Balances
Balance
|
Name |
Ref. |
31/12/2017 1 EUR balance |
31/12/2016 1 EUR balance |
31/12/2015 1 EUR balance |
31/12/2014 1 EUR balance |
|
Total assets |
01 |
86 571 |
85 399 |
45 308 |
13 933 |
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Non-current assets |
02 |
1 700 |
1 700 |
1 700 |
9 554 |
|
Intangible fixed assets |
03 |
0 |
0 |
0 |
0 |
|
Tangible fixed assets - total |
04 |
0 |
0 |
0 |
9 554 |
|
Lands and Constructions |
05 |
0 |
0 |
0 |
0 |
|
Separate movable assets and sets of movable
assets |
06 |
0 |
0 |
0 |
9
554 |
|
Other tangible fixed assets |
07 |
0 |
0 |
0 |
0 |
|
Adjustment to acquired assets |
08 |
0 |
0 |
0 |
0 |
|
Long-term financial investments |
09 |
1 700 |
1 700 |
1 700 |
0 |
|
Shares |
10 |
1
700 |
1
700 |
1
700 |
0 |
|
Other long-term financial investments |
11 |
0 |
0 |
0 |
0 |
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Bank accounts with notice period exceeding
one year |
12 |
0 |
0 |
0 |
0 |
|
Otherlong non-current financial assets with
remaining maturity of up to one year |
13 |
0 |
0 |
0 |
0 |
|
Current assets |
14 |
84 871 |
83 699 |
43 608 |
4 379 |
|
Inventory - total |
15 |
0 |
0 |
0 |
0 |
|
Long-term receivables - total |
16 |
0 |
0 |
0 |
0 |
|
Short - term receivables - total |
17 |
84 637 |
82 703 |
40 018 |
4 |
|
Trade receivables |
18 |
0 |
0 |
0 |
0 |
|
Social security, taxation and subsidies |
19 |
1 |
48 |
20 |
4 |
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Other receivables |
20 |
84
636 |
82
655 |
39
998 |
0 |
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Financial accounts - total |
21 |
234 |
996 |
3 590 |
4 375 |
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Cash and Bank accounts |
22 |
234 |
996 |
3
590 |
4
375 |
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Other financial accounts |
23 |
0 |
0 |
0 |
0 |
|
Total capital and liabilities |
24 |
86 571 |
85 399 |
45 308 |
13 933 |
|
Capital |
25 |
-14 110 |
-11 501 |
-8 063 |
753 |
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Registered capital - total |
26 |
5 000 |
5 000 |
5 000 |
5 000 |
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Registered capital and changes in
registered capital |
27 |
5
000 |
5
000 |
5
000 |
5
000 |
|
Receivables for subscriptions (for own
equity capital) |
28 |
0 |
0 |
0 |
0 |
|
Capital funds - total |
29 |
0 |
0 |
0 |
0 |
|
Funds created from profit - total |
30 |
15 |
15 |
15 |
15 |
|
Differences from revaluation |
31 |
0 |
0 |
0 |
0 |
|
Retained profit or loss from previous years |
32 |
-16 516 |
-13 078 |
-4 040 |
1 421 |
|
Profit or loss for the accounting period |
33 |
-2 609 |
-3 438 |
-9 038 |
-5 683 |
|
Liabilities |
34 |
100 681 |
96 900 |
53 371 |
13 180 |
|
Long-term liabilities - total |
35 |
0 |
0 |
0 |
0 |
|
Long-term provisions |
36 |
0 |
0 |
0 |
0 |
|
Long-term bank loans |
37 |
0 |
0 |
0 |
0 |
|
Short-term liabilities - total |
38 |
100 681 |
96 900 |
53 371 |
14 180 |
|
Trade liabilities |
39 |
300 |
300 |
100 |
220 |
|
Liabilities to employees and social
security liabilities |
40 |
0 |
0 |
0 |
0 |
|
Taxation and subsidies |
41 |
960 |
960 |
960 |
960 |
|
Other short-term liabilities |
42 |
99
421 |
95
640 |
52
311 |
13
000 |
|
Short-term provisions |
43 |
0 |
0 |
0 |
0 |
|
Current bank loans |
44 |
0 |
0 |
0 |
0 |
|
Short-term financial assistance |
45 |
0 |
0 |
0 |
-1 000 |
Profit and loss accounts
|
Name |
Ref. |
31/12/2017 1 EUR profit/loss account |
31/12/2016 1 EUR profit/loss account |
31/12/2015 1 EUR profit/loss account |
31/12/2014 1 EUR profit/loss account |
|
Operating income - total |
01 |
0 |
25 |
3 000 |
0 |
|
Revenue from the sale of merchandise |
02 |
0 |
0 |
0 |
0 |
|
Revenue from the sale of own products and
services |
03 |
0 |
0 |
0 |
0 |
|
Change in inventory |
04 |
0 |
0 |
0 |
0 |
|
Own work capitalized |
05 |
0 |
0 |
0 |
0 |
|
Revenue from the sale of non-current
intangible assets, property, plant and equipment, and raw materials |
06 |
0 |
0 |
3
000 |
0 |
|
Other operating revenues |
07 |
0 |
25 |
0 |
0 |
|
Operating expenses - total |
08 |
1 221 |
1 733 |
10 356 |
4 614 |
|
Cost of merchandise sold |
09 |
0 |
0 |
0 |
0 |
|
Consumed raw materials, energy consumption,
and consumption of other non-inventory supplies |
10 |
0 |
0 |
0 |
16 |
|
Services |
11 |
1
167 |
1
733 |
742 |
1
712 |
|
Personnel expenses - total |
12 |
0 |
0 |
0 |
0 |
|
Taxes and fees |
13 |
0 |
0 |
0 |
0 |
|
Depreciation expense of intangible and
tangible fixed assets |
14 |
0 |
0 |
667 |
2
667 |
|
Net book value of fixed assets sold and
material sold |
15 |
0 |
0 |
8
887 |
0 |
|
Value adjustments to receivables |
16 |
0 |
0 |
0 |
0 |
|
Other operating expenses |
17 |
54 |
0 |
60 |
219 |
|
Profit or loss from operations |
18 |
-1 221 |
-1 708 |
-7 356 |
-4 614 |
|
Added value |
19 |
-1 167 |
-1 733 |
-742 |
-1 728 |
|
Income from financial activities - total |
20 |
1 980 |
2 728 |
770 |
0 |
|
Revenues from sales of shares and ownership |
21 |
0 |
0 |
0 |
0 |
|
Revenues from long-term financial assest |
22 |
0 |
0 |
0 |
0 |
|
Revenues from short-term financial assest |
23 |
0 |
0 |
0 |
0 |
|
Interest income |
24 |
1
980 |
2
728 |
768 |
0 |
|
Exchange rate gains |
25 |
0 |
0 |
2 |
0 |
|
Other financial revenues |
26 |
0 |
0 |
0 |
0 |
|
Expenses related to financial activities - total |
27 |
2 408 |
3 498 |
1 492 |
109 |
|
Shares and ownership interests sold |
28 |
0 |
0 |
0 |
0 |
|
Expenses for short-term financial assets |
29 |
0 |
0 |
0 |
0 |
|
Value adjustments to financial assets |
30 |
0 |
0 |
0 |
0 |
|
Interest expense |
31 |
2
281 |
3
329 |
1
061 |
0 |
|
Exchanges rate losses |
32 |
0 |
70 |
226 |
0 |
|
Other financial expenses |
33 |
127 |
99 |
205 |
109 |
|
Profit or loss from financial activities |
34 |
-428 |
-770 |
-722 |
-109 |
|
Profit or loss from ordinary activities before tax |
35 |
-1 649 |
-2 478 |
-8 078 |
-4 723 |
|
Income tax |
36 |
960 |
960 |
960 |
960 |
|
Transfer of profit or loss to partners |
37 |
0 |
0 |
0 |
0 |
|
Profit or loss of the accounting period after tax |
39 |
-2 609 |
-3 438 |
-9 038 |
-5 683 |
|
Receivables after due date |
|
|
|
|
|
|
Liabilities after due date |
|
|
|
|
|
Financial Ratios
|
Name |
Ref. |
31/12/2017 |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
Return on total assets ROA (in %) |
1 |
-3,01 |
-4,03 |
-19,95 |
-40,79 |
|
Return on equity ROE (in %) |
2 |
18,49 |
29,89 |
112,09 |
-754,71 |
|
Return on sales ROS (in %) |
3 |
|
|
|
|
|
Turnover of receivables (in days) |
4 |
|
|
|
|
|
Turnover of liabilities (in days) |
5 |
|
|
|
|
|
Turnover of inventories (days) |
6 |
|
|
|
|
|
Net working capital |
7 |
-15810,00 |
-13201,00 |
-9763,00 |
-8801,00 |
|
Ratio of accounts payable to accounts
receivable |
8 |
84,06 |
85,35 |
74,98 |
0,03 |
|
Ratio of profit/loss to tangible assets
(in%) |
9 |
|
|||
|
Current ratio |
10 |
0,84 |
0,86 |
0,82 |
0,33 |
|
Quick ratio |
11 |
0,84 |
0,86 |
0,82 |
0,33 |
|
Cash ratio |
12 |
0,00 |
0,01 |
0,07 |
0,33 |
|
Debt ratio I (in %) |
13 |
116,30 |
113,47 |
117,80 |
94,60 |
|
Debt ratio II (in %) |
14 |
116,30 |
113,47 |
117,80 |
94,60 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.11 |
|
|
1 |
INR 90.85 |
|
Euro |
1 |
INR 80.12 |
|
Euro |
1 |
INR 79.66 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
TRU |
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.