MIRA INFORM REPORT

Report No. :	506458
Report Date :	16.05.2018

IDENTIFICATION DETAILS

Name :	FAMITO, SPOL. S R.O.
Registered Office :	Kladska´ 1093/8a 500 03 Hradec Kra´love´
Country :	Czech Republic
Financials (as on) :	31.12.2014
Date of Incorporation :	17.06.1996
Com. Reg. No.:	C 10180
Legal Form :	Private limited company
Line of Business :	Subject is engaged in Wholesale of bags, handbags, moneypockets, shopping bags and beach \ bags. E-shop.
No. of Employees :	13

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	No Complaints
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)
Czech Republic	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

Company identification

FAMITO, spol. s r.o.	telephone	00420/ 495 221 355
Kladska´ 1093/8a	e-mail	famito@famito.cz
500 03 Hradec Kra´love´ Czech Republic	Web	www.famito.cz

Crefo Nr.	9212466937	Registration:	Krajsky´ soud Hradec Kra´love´
Statistical Nr.	25252518	Registration Nr.	C 10180
Tax Nr.	CZ25252518	Status	activ

Economic situation

Business connection	Business connections appear permissible	(31)
Terms of payment	no complaints	(39)
	9,815

Basic information

Legal form

Private limited company

Founded

17/06/1996 as Private limited company

Registration

17/06/1996, Krajsky soud Hradec Kralove, C 10180 Statistical Nr.: 25252518 Tax Nr.: CZ25252518

Registered names

Valid from Trade name(s) Valid until

17/06/1996 FAMITO, spol. s r.o.

Owners and Capital

Crefo Nr.	Name / Address / Status	From	Share
Shareholders
9213286193	Michal Podrasky (birth date 21/04/1966) ManZelu Zemankovych 1011, 500 03 Hradec Kralove 3 Czech Republic	23/10/2015	50,000 CZK
9213286192	Denisa Podraska (birth date 12/10/1964) Manzelu Zemankovych 1011, 500 03 Hradec Kralove 3 Czech Republic	23/10/2015	50,000 CZK
Total capital			100,000 CZK

Registered capital

Date	Currency	Value
17/06/1996	CZK	100,000
20/06/2001	CZK	100,000

Management

Crefo Nr.	Name / Address / Status	Since	Power of attorney
Management
9213286192	Denisa Podraska (birth date 12/10/1964) Executive Manager Manzelu Zemankovych 1011, 500 03 Hradec Kralove 3 Czech Republic	02/12/2003
9213286193	Michal Podrasky (birth date 21/04/1966) Executive Manager Manzelu Zemankovych 1011, 500 03 Hradec Kralove 3 Czech Republic	17/06/1996
9215112063	Michal Podrasky (birth date 02/06/1996) Executive Manager Manzelu Zemankovych 1011/26, 500 03 Hradec Kralove Czech Republic	07/07/2014
9213286191	Stepanka Cervinkova (birth date 20/03/1986) Executive Manager Manzelu Zemankovych 1011, 500 03 Hradec Kralove 3 Czech Republic	20/12/2005

Company addresses

Valid from	Address	Valid until
14/07/2014	Kladska 1093/8a, 500 03 Hradec Kralove, Czech Republic
17/06/1996	Skroupova 957, 500 02 Hradec Kralove, Czech Republic	16/01/2004
16/01/2004	Bieblova 38, 500 03 Hradec Kralove 3, Czech Republic	12/01/2006
12/01/2006	Kladska 1093/8a, 500 03 Hradec Kralove 3, Czech Republic	14/07/2014

Business activity

Main activity	Nace
Other specialized wholesale	46.70
Additional activities	Nace

Wholesale of bags, handbags, moneypockets, shopping bags and beach \ bags. E-shop.

Economic data

Turnover and Employees

Date	Turnover	Employees
2009	actual sales 29,715,000 CZK
2010	actual sales 26,637,000 CZK
2011	actual sales 24,850,000 CZK
2012	actual sales 23,895,000 CZK
2013	actual sales 27,166,000 CZK	12 employees
2014	actual sales 29,013,000 CZK	10 employees
2017		13 employees
2018		13 employees

No more detailed data is available.

Import/ Export

Percentage	Unknown	Unknown
Countries	India, China Slovakia	Slovakia

Properties

Name	Detail	Currency	Value
Business premises	Property of the company Kladska 1093/8a, Hradec Kralove, Slezske Predmiesti 500 03, Czech Republic verified in the real estate registry		Unknown

contractual right of lien

Supplementary data

Remarks

The company contrary to the Act on Accounting did not store its current final accounts to the Companies Register. All the sources of negative data accessible to public (insolvency registers, databases of debtors of health insurance institutions, commercial bulletin, collection database of Creditreform and others) are currently monitored. The company was challenged to fulfil its duty to store its final account at the Companies Register. We have asked the firm management in written form to send final account. In case that we receive account statements, we will send you a. Contact:

Ms Bartelova - director, e-mail: kancelar@famito.cz

Banks

Code	Bank name / Address	Account Nr.
		CZ9106000000000221565777
0600	MONETA Money Bank, a.s.	208934865/0600

Main indices

Payment experience and credit opinion

Terms of payment	no complaints	(39)
Business connection	Business connections appear permissible	(31)
	9,815	EUR

Business development

Company development	Constant company development	(30)
Order situation	Satisfactory order situation	(30)

Events

No negative events registered.

Per 15/05/2018 the company was examined in a Central register of executions and no records were found.

Balances

Balance

Dec 31, 2014 The enclosed balance of 2014 from business register, ..

Dec 31, 2013 The enclosed balance of 2013 from business register, ..

Dec 31, 2012 The enclosed balance of 2012 from business register, ..

Dec 31, 2011 The enclosed balance of 2011 from business register, ..

		31/12/2014	31/12/2013	31/12/2012	31/12/2011
		1000	1000	1000	1000
Name	Ref.
		CZK	CZK	CZK	CZK
		balance	balance	balance	balance
TOTAL ASSETS	r1	26,979	24,783	24,528	28,893
Receivables for subscriptions	r2	0	0	0	0
Fixed assets	r3	13,670	13,576	13,939	14,161
Intangible fixed assets	r4	565	565	565	565
Incorporation expenses	r5				0
Research and development	r6				0
Software	r7				0
Other valuable rights	r8	565	565	565	565
Goodwill	r9				0
Other intangible fixed assets	r10				0
Intangible fixed assets under construction	r11				0
Advance payments for intangible fixed assets	r12				0
Tangible fixed assets	r13	13,105	13,011	13,374	13,596
Lands	r14	0	0	0	0
Constructions	r15	10,931	11,457	11,981	12,230
Equipment	r16	2,174	1,554	1,394	1,366
Perennial corps	r17				0
Breeding and draught animals	r18				0
Other tangible fixed assets	r19				0
Tangible fixed assets under construction	r20				0
Advance payments for tangible fixed assets	r21				0
Adjustment to acquired assets	r22				0
Long-term financial assets	r23	0	0	0	0
Shares - controlled organizations	r24				0
Shares in accounting units with substantial influ-	r25				0
ence
Other securities and shares	r26				0
Loans - controlled and controlling organizations,	r27				0
substantial influence
Other financial investments	r28				0
Financial investments acquired	r29				0
Advance payments for long-term financial assets	r30				0
Current assets	r31	13,110	11,007	10,486	14,445
Inventory	r32	7,903	7,462	8,050	7,562
Materials	r33				0
Work in progress and semi-products	r34				0
Finished products	r35				0
Animals	r36				0
Merchandise	r37	7,903	7,462	8,050	7,562
Advance payments for inventory	r38				0
Trade receivables
Long-term receivables	r39	0	0	0	0
Trade receivables	r40				0
Receivables - controlled and controlling organiza-	r41				0
tions
Receivables from accounting units with substan-	r42				0
tial influence
Receivables from partners	r43				0
Long-term deposits given	r44				0
Estimated receivable	r45				0
Other receivables	r46				0
Deferred tax receivable	r47				0
Short-term receivables	r48	7,757	6,193	5,374	6,719
Trade receivables	r49	4,628	3,556	4,216	4,933
Receivables - controlled and controlling organiza-	r50				0
tions
Receivables from accounting units with substan-	r51				0
tial influence
Receivables from partners	r52				0
Receivables from social security and health insur-	r53				0
ance
Due from state - tax receivable	r54				0
Short-term deposits given	r55	3,094	2,610	1,127	1,728
Estimated receivable	r56				0
Other receivables	r57	35	27	31	58
Short-term financial assets	r58	-2,551	-2,648	-2,938	164
Cash	r59	37	677	297	88
Bank accounts	r60	-2,588	-3,325	-3,234	75
Short-term securities and ownership interests	r61				0
Short-term financial assets acquired	r62				0
Accruals	r63	199	201	103	287
Deferred expenses	r64	199	201	103	287
Complex deferred costs	r65				0
Deferred income	r66				0
TOTAL LIABILITIES	r67	26,979	24,783	24,528	28,893
Equity	r68	12,320	12,133	12,356	12,188
Registered capital	r69	100	100	100	100
Registered capital	r70	100	100	100	100
Ownership interests (-)	r71				0
Changes of registered capital ( +/- )	r72				0
Share premium and capital funds	r73	7,648	7,648	7,648	7,648
Share premium	r74				0
Other capital funds	r75	7,648	7,648	7,648	7,648
Differences from revaluation of assets and liabilities ( +/- )	r76				0
Differences from revaluation tranformation of companies (+/-)					0
Diferences from tranformation of companies ( +/)
The differences from valuation on transformation of business corporations
Funds from earnings	r78	10	10	10	10
Other reserve funds	r79	10	10	10	10
Statutory and other funds	r80				0
Profit / loss - previous years (+/-)	r81	4,375	4,598	4,598	3,066
Retained earnings from previous years	r82	7,355	7,355	7,355	5,823
Accumulated losses from previous years (-)	r83	-2,980	-2,757	-2,757	-2,757
Other profit / loss - previous years (+/-)
Profit / loss - current year (+/-)	r84	187	-223	0	1,364
Decided on advance for payment of a profit share (-)
Liabilities	r85	14,609	12,648	12,172	16,705
Reserves	r86	0	0	0	0
Reserves under special statutory regulations	r87				0
Reserves for pension and similar payables	r88				0
Income tax reserves	r89				0
Other reserves	r90				0
Long-term payables	r91	0	0	0	163
Trade payables	r92				0
Payables - controlled and controlling organizations	r93				0
Payables to accounting units with substantial in-	r94				0
fluence
Payables to partners	r95				0
Long-term advances received	r96				0
Issues bonds	r97				0
Long-term notes payables	r98				0
Estimated payables	r99				0
Other payables	r100				163
Deferred tax liability	r101				0
Short-term payables		10,458	10,813	10,207	9,160
	r102
Trade payables	r103	155	523	356	816
Payables - controlled and controlling organizations	r104				0
Payables to accounting units with substantial in-	r105				0
fluence
Payables to partners	r106	9,608	9,322	8,983	7,626
Payroll	r107	154	225	140	156
Payables to social securities and health insurance	r108	83	89	77	85
Due from state - tax liabilities and subsidies	r109	351	539	513	453
Short-term deposits received	r110	25	25	25	25
Issues bonds	r111				0
Estimated payables	r112	82	91	113	0
Other payables	r113				0
Bank loans and financial accommodations	r114	4,151	1,835	1,964	7,382
Liabilities to credit institutions	r115	1,367	0	0	1,846
Payables to banks	r116	0	0	0	3,320
Short-term accommodations	r117	2,784	1,835	1,964	2,217
Accruals		50	2	0	0
	r118
Accrued expenses	r119	50	2		0
Deferred revenues	r120				0

Profit and loss accounts

Dec 31, 2014 The enclosed profit/loss account of 2014 from business register, ..

Dec 31, 2013 The enclosed profit/loss account of 2013 from business register, ..

Dec 31, 2012 The enclosed profit/loss account of 2012 from business register, ..

Dec 31, 2011 The enclosed profit/loss account of 2011 from business register, ..

		31/12/2014	31/12/2013	31/12/2012	31/12/2011
		1000	1000	1000	1000
Name	Ref.	CZK	CZK	CZK	CZK
		profit/loss	profit/loss	profit/loss	profit/loss
		account	account	account	account
Turnover	a1	29,013	27,166	23,895	24,850
Revenues from sold goods	a2	28,948	27,101	23,825	24,767
Expenses on sold goods	a3	19,363	18,072	13,356	13,186
Sale margin	a4	9,585	9,029	10,470	11,581
Production	a5	65	65	70	83
Revenues from own products and services	a6	65	65	70	83
Change in inventory of own products (+/-)	a7	0	0	0	0
Capitalization (-)	a8	0	0	0	0
Production consumption	a9	4,329	4,998	6,062	5,004
Consumption of material and energy	a10	1,259	1,194	1,018	919
Services	a11	3,070	3,804	5,044	4,085
Added value	a12	5,321	4,097	4,478	5,660
Personnel expenses	a13	3,076	3,274	2,980	3,560
Wages and salaries	a14	2,201	2,395	2,163	2,677
Renumeration of board members	a15	0	0	0	0
Social security expenses and health insurance	a16	814	835	737	873
Other expenses	a17	62	44	80	10
Taxes and fees	a18	69	95	21	53
Value adjustments of intagible and tangible fixed	a19	1,275	524	230	543
assets - permanent
Revenues from disposals of fixed assets and	a20	17	0	0	0
materials
Revenues from disposals of fixed assets	a21	17			0
Revenues from disposals of materials	a22				0
Net book value of disposed fixed assets and materials	a23	0			0
Net book value of sold fixed assets	a24				0
Net book value of sold material	a25				0
Change in operating reserves and adjustments	a26	11	-45		0
and complex deferred costs ( + / - )
Other operating revenues	a27	25,593	22,613	20,116	6,392
Other operating expenses	a28	25,731	22,773	20,356	6,740
Transfer of operating revenues	a29				0
Transfer of operating expenses	a30				0
Operating profit / loss	a31	768	88	1,006	2,156
Revenues from sales of securities and ownership	a32				0
interests
Sold securities and ownership interests	a33				0
Revenues from long-term financial assets	a34				0
Revenues from shares in controlled and managed organizations and in accounting units with substantial influence	a35				0
Revenues from others securities and ownership	a36				0
interests
Revenues from other long-term financial as-	a37				0
sets
Revenues from short-term financial assets	a38				0
Expenses associated with financial assets	a39				0
Revenues from revaluation of securities and derivatives	a40				0
Cost of revaluation of securities and derivatives	a41				0
Value adjustments and reserves in the financial area	a42				0
Interest revenues	a43	2	1	0	-11
Interest expenses	a44	282	270	274	383
Other financial revenues	a45	271	472	49	251
Other financial expenses	a46	505	483	524	619
Transfer of financial revenues	a47				0
Transfer of financial expenses	a48				0
Profit / loss from financial operations ( trans actions ) (+/-)	a49	-514	-280	-748	-762
Income tax on ordinary income	a50	67	31	89	31
Due tax	a51	67	31	89	31
Tax deferred	a52				0
Operating profit / loss ordinary activity	a53	187	-223	168	1,364
Extraordinary revenues	a54				0
Extraordinary expenses	a55				0
Income tax on extraordinary income	a56	0	0	0	0
Due tax	a57				0
Tax deferred	a58				0
Operating profit / loss extraordinary activity	a59	0	0	0	0
Transfer profit ( loss ) to partners (+/-)	a60				0
Profit / loss of current accounting period (+/-)	a61	187	-223	168	1,364
Profit / loss before tax (+/-)	a62	254	-192	258	1,395

Financial Ratios

Name	Ref.	31/12/2014	31/12/2013	31/12/2012	31/12/2011
Return on total assets ROA (in %)	1	0.94	-0.77	1.05	4.83
Return on equity ROE (in %)	2	2.06	-1.58	2.09	11.45
Return on sales ROS (in %)	3	0.88	-0.71	1.08	5.61
Turnover of receivables (in days)	4	58.22	47.78	64.40	72.46
Turnover of liabilities (in days)	5	1.95	7.03	5.44	11.99
Turnover of inventories (days)	6	99.42	100.26	122.97	111.07
Net working capital (in ths. CZK)	7	-132.00	-1641.00	-1685.00	-252.00
Ratio of accounts payable to accounts receivable	8	74.17	57.27	52.65	72.07
(in %)
Ratio of profit/loss to tangible assets (in%)	9	47.12	49.97	58.33	56.99
Current ratio	10	0.99	0.87	0.86	0.98
Quick ratio	11	0.39	0.28	0.20	0.47
Cash ratio	12	-0.19	-0.21	-0.24	0.01
Debt ratio I (in %)	13	54.33	51.04	49.62	57.82
Debt ratio II (in %)	14	54.15	51.04	49.62	57.82

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.52
UK Pound	1	INR 91.48
Euro	1	INR 80.52
CZK	1	INR 3.14

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	DNS

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.