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MIRA INFORM REPORT
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Report No. : |
508179 |
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Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
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Name : |
PFF
POLSKA SP. Z O.O. |
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Registered Office : |
Ul. Częstochowska 6 32-085 Modlnica |
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Country : |
Poland |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
28.12.2009 |
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Legal Form : |
Limited liability company |
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Line of Business : |
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Sale of fittings and hardware used in gas, oil,
chemical and power industry. ·
Service provider for piping and valve projects |
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No. of Employees : |
11 |
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
PFF
POLSKA Sp. z o.o.
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ul.
Częstochowska 6 |
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Phone:
12 290 65 80 |
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Fax: 12 290 65 90 |
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E-mail: polska@pff-group.com |
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Website:
www.pff-group.com |
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Legal
form |
Limited
liability company |
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Stat.no. |
121154028 |
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Tax
ID |
PL
6751427558 |
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Establishment |
28.12.2009 |
(5) |
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Changes
of names and addresses |
al.
Pułkownika Władysława Beliny-Prażmowskiego 64/2, 31-514
Kraków |
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21.05.2012
ul. Częstochowska 6, 32-085 Modlnica |
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Registration: |
16.02.2010,
District Court Kraków, XII Department, KRS 349045 |
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Shareholders |
PFF
EUROPE B.V. |
PLN |
100 000,00 |
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list
entered to NCR /KRS/ on 31.01.2014 |
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Initial
Capital |
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PLN
100 000,00 |
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Initial
capital divided into 200 shares of PLN 500,00 each |
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Changes
of initial capital |
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until 21.05.2012 the capital estimated |
PLN
10 000,00 |
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Management |
Marcin
Jan Olender , personal ID no. (PESEL) 77110901833, ul. Zbrojarzy 109/8,
30-412 Kraków |
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Representation: |
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Main
activity |
Sale
of fittings and hardware used in gas, oil, chemical and power industry |
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Branches
NACE 2007: |
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Other
wholesale |
(G.46.72.Z) |
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Wholesale
of waste and scrap |
(G.46.77.Z) |
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Other
transportation activities |
(H.49.41.Z) |
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Employment |
2010:
3 employees |
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Turnover |
2012 |
PLN |
39 390 687,03 |
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2013 |
PLN |
20 131 522,56 |
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2014 |
PLN |
65 136 091,89 |
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2015 |
PLN |
25 838 502,85 |
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2016 |
PLN |
59 943 951,30 |
Financial
statements
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Company
summery
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Locations: |
seat: |
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Real
Estate |
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 31.12.2013 book value of car fleet was: PLN 8 469,14 |
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Shares
in other companies |
As
at 19.04.2018 there are no shares in other companies. |
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Connections: |
Marcin
Jan Olender , personal ID no. (PESEL) 77110901833 |
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Data
concerning connections are valid as at: 19.04.2018. |
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General
information |
On
05.09.2016 there was the division of the company, in the result of which,
there was established the following company: PFF POLSKA PIPELINE
sp. z o.o., ul. Częstochowska 6, 32-085 Modlnica |
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On
30.09.2016 from the structures of the company there was divided the part of
the assets and transfered to PFF POLSKA PIPELINE sp. z o.o. w
likwidacji, ul. Częstochowska 6, 32-085 Modlnica |
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PFF
Polska Sp. z o.o. is part of the international group Galperti, leading
manufacturer of fittings used in gas, oil, chemical and power industry. |
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The
company refused to co-operate in elaboration of this report without knowing
the name of the contractor. |
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Banks |
ING
Bank Śląski SA Oddział w Krakowie ul.Al.Pokoju 78
(10501445) |
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Payment
Manner |
Payment
delays cannot be excluded. |
(37) |
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Credit
capability |
Business
connections should not be refused, credits require security |
(41) |
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Due
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 67.22 |
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1 |
INR 90.87 |
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Euro |
1 |
INR 80.87 |
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PLN |
1 |
INR 18.96 |
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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NIY |
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Report Prepared
by : |
DNS |
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
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
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.