|
|
|
MIRA INFORM REPORT
|
Report No. : |
511502 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KRONOSPAN SEBES SA |
|
|
|
|
Registered Office : |
Mihail Kogalniceanu 59 515800 Sebes Alba |
|
|
|
|
Country : |
Romania |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
11.11.1997 |
|
|
|
|
Com. Reg. No.: |
J01/604/1997 |
|
|
|
|
Legal Form : |
Joint Stock Co. |
|
|
|
|
Line of Business : |
Manufacture of veneer sheets and wood-based panels |
|
|
|
|
No. of Employees : |
440 (2016) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
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) |
|
Romania |
B1 |
B1 |
|
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 |
ROMANIA - ECONOMIC
OVERVIEW
Romania, which joined the EU on 1 January 2007, began the transition from communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. Romania's macroeconomic gains have only recently started to spur creation of a middle class and to address Romania's widespread poverty. Corruption and red tape continue to permeate the business environment.
In the aftermath of the global financial crisis, Romania signed a $26 billion emergency assistance package from the IMF, the EU, and other international lenders, but GDP contracted until 2011. In March 2011, Romania and the IMF/EU/World Bank signed a 24-month precautionary standby agreement, worth $6.6 billion, to promote fiscal discipline, encourage progress on structural reforms, and strengthen financial sector stability; no funds were drawn. In September 2013, Romanian authorities and the IMF/EU agreed to a follow-on standby agreement, worth $5.4 billion, to continue with reforms. This agreement expired in September 2015, and no funds were drawn. Progress on structural reforms has been uneven, and the economy still is vulnerable to external shocks.
Economic growth rebounded in the 2013-17 period, driven by strong industrial exports, excellent agricultural harvests, and, more recently, expansionary fiscal policies in 2016-2017 that nearly quadrupled Bucharest’s annual fiscal deficit, from +0.8% of GDP in 2015 to -3% of GDP in 2016 and an estimated -3.4% in 2017. Industry outperformed other sectors of the economy in 2017. Exports remained an engine of economic growth, led by trade with the EU, which accounts for roughly 70% of Romania trade. Domestic demand was the major driver, due to tax cuts and large wage increases that began last year and are set to continue in 2018.
An aging population, emigration of skilled labor, significant tax evasion, insufficient health care, and an aggressive loosening of the fiscal package compromise Romania’s long-term growth and economic stability and are the economy's top vulnerabilities.
|
Source
: CIA |
Company identification
|
KRONOSPAN SEBES SA |
Telephone |
+40 258 801100 |
|
Mihail Kogalniceanu 59 |
Fax |
+40 258 801199 |
|
515800 Sebes Alba |
E-mail |
|
|
Romania |
WEB |
|
Registration No. |
J01/604/1997 |
|
||
|
Tax No. |
RO 11358544 |
Status |
Active |
|
Economic situation
|
Business connection |
Business connections appear permissible |
(31) |
|
Payment behaviour |
No complaints |
(31) |
Basic information
Legal form
Joint Stock Co.
Registration and changes
established on 11.11.1997 as M.D.F SEBES
FRATI SA Joint Stock Co.
|
Changes |
Legal form /
Name |
|
2004 |
Kronospan Sebes Sa |
Owners and Capital
|
Name / Address / Nationality |
From |
Share |
|
East Centro Capital Management Ag Viena, Austria |
05/03/2010 |
99,98626039 % |
|
Kronospan Chemical Holdings Limited Nicosia, Cyprus |
13/01/2005 |
0,0034349 % |
|
Kronospan Holding East Limited Nicosia, Cyprus |
13/01/2005 |
0,0034349 % |
|
Kronospan Trading Limited Nicosia, Cyprus |
13/01/2005 |
0,0034349 % |
|
Banasino Investments Limited Nicosia, Cyprus |
05/10/2016 |
0,0034349 % |
Registered capital
|
Currency |
Value |
|
RON |
318.075.900 |
Management
|
Name / Address / Status |
Since |
Position |
|
Bandi Botond (birth date 12/05/1971) BRASOV Romania |
23/01/2008 |
Administrator |
|
Hajigeorghi Lambros George (birth date 18/10/1972) NICOSIA Cipru |
|
Administrator |
|
Nikolay Lazarov Bankov (birth date
22/08/1972) BURGAS Bulgaria |
|
Administrator |
|
Spiros Spyrou (birth date 26/12/1972) NICOSIA Cipru |
|
Administrator |
|
BDO CONTI AUDIT SA Bucuresti Sectorul 3
Romania |
05/01/2005 |
Auditor |
Subsidiaries
Participation of the company
|
Tax No. |
Name / Address |
Share |
|
Participations of the company |
||
|
RO 15009873 |
SILVA LOGISTIC SERVICES SRL |
100,00000000% |
Connections
|
Through |
Name / Address |
Position |
Share |
|
Hajigeorghi
Lambros George |
|||
|
RO 15009873 |
SILVA LOGISTIC SERVICES SRL |
administrator |
|
|
Spiros Spyrou |
|||
|
RO 11894313 |
KRONOSPAN TRADING SRL |
administrator |
|
|
RO 13506027 |
KRONOSPAN ZONA LIBERA CONSTANTA SRL |
administrator |
|
|
RO 33757511 |
SERATEC SERVICE SRL |
administrator |
|
Business activities
|
Main activity |
Nace |
|
Manufacture
of veneer sheets and wood-based panels |
1621 |
Legal office and working spaces at the above mentioned address
Economic
data
Turnover and Employees
|
Date |
Turnover |
Employees |
|
31.12.2016 |
997.155.030 RON |
440 |
|
31.12.2015 |
1.088.174.653 RON |
447 |
|
31.12.2014 |
1.125.257.921 RON |
463 |
|
31.12.2013 |
1.121.502.244 RON |
456 |
|
31.12.2012 |
1.073.407.412 RON |
440 |
|
31.12.2011 |
972.230.274 RON |
442 |
|
31.12.2010 |
783.210.254 RON |
473 |
|
31.12.2009 |
547.973.772 RON |
454 |
|
31.12.2008 |
714.819.147 RON |
506 |
|
31.12.2007 |
661.526.834 RON |
507 |
|
31.12.2006 |
389.682.563 RON |
280 |
|
31.12.2005 |
314.283.065 RON |
266 |
|
31.12.2004 |
281.558.792,6 RON |
240 |
|
31.12.2003 |
203.509.450,9 RON |
238 |
|
31.12.2002 |
168.723.428 RON |
350 |
|
31.12.2001 |
100.877.950,5 RON |
200 |
|
31.12.2000 |
7.414.703,5 RON |
|
Properties
According to the Balance Sheet of 31.12.2016
date the company holds real estates with a book value of 324.601.593,00 RON,
but we do not have any other details on the type and location of these assets.
Supplementary data
Banks
|
Financial Institution |
Branch |
|
Banca Comerciala Romana |
Sebes |
|
Unicredit Tiriac Bank |
Sebes |
The subject is registered in the Electronic
Archive for Secured Transactions, as having credits at: ERSTE BANK DER OESTERREICHISCHEN
SPARKASSEN AG, Austria Unicredit Tiriac Bank, Sebes. Banca Comerciala Romana,
Sebes
These credits are guaranteed with cash-flow
and fixed assets.
If the company is asking for credits, for
which the company has to present guarantees, these have to be first verified.
Main indices
Payment experience and credit opinion
|
Business connection |
Business connections appear permissible |
(31) |
|
Payment behaviour |
No complaints |
(31) |
Negative events
The company has no overdue debts to the State
budget that exceeds the minimum ceiling, according to the information published
by the Ministry of Finance on 31.03.2018.
There are no records related to the subject
at the Payment Incidents Bureau (CIP) in the period 10.05.2011 -10.05.2018.
There are no records related to the subject
company in our debt collection department. There are no records related to the
subject company at the Insolvency Proceedings Bulletin.
The subject company is registered with legal
proceedings opened against it, according to Court Portal (is registered as
defendant in file 27767/301/2017)
The subject company is registered with legal
proceedings opened against it, according to Court Portal (is registered as
debtor in file 2197/298/2017 with HYPERION TRANS SRL creditor)
The subject company is registered with legal
proceedings opened against it, according to Court Portal (is registered as
debtor in file 807/298/2018)
Financial
Balances
Assets
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Incorporation expenses |
r1 |
N/A |
0 |
0 |
|
Development expenses |
r2 |
N/A |
0 |
0 |
|
Concession rights, patents, licences,
trademarks, similar rights and assets and other intangible fixed assets |
r3 |
137.057 |
118.067 |
13.049 |
|
Goodwill |
r4 |
N/A |
0 |
0 |
|
Down payments and
intangible fixed assets in progress |
r5 |
N/A |
0 |
0 |
|
TOTAL INTANGIBLE
FIXED ASSETS |
r6 |
137.057 |
118.067 |
13.049 |
|
Land and buildings |
r7 |
225.723.600 |
218.398.300 |
207.609.700 |
|
Technical
installations and machines |
r8 |
557.279.700 |
489.166.200 |
476.761.200 |
|
Other
installations, machinery and furniture |
r9 |
701.616 |
920.582 |
593.418 |
|
Down payments and
tangible fixed assets in progress |
r10 |
141.249 |
46.592.630 |
35.493.060 |
|
TOTAL TANGIBLE
FIXED ASSETS |
r11 |
783.846.200 |
757.768.547 |
720.604.089 |
|
Shares in
subsidiaries |
r12 |
3.100.000 |
3.100.000 |
3.100.000 |
|
Loans given to
subsidiaries |
r13 |
N/A |
0 |
0 |
|
Participating interests |
r14 |
N/A |
0 |
0 |
|
Loans given to
associates |
r15 |
N/A |
0 |
0 |
|
Other long term
investments |
r16 |
N/A |
0 |
0 |
|
Other loans |
r17 |
N/A |
0 |
0 |
|
TOTAL CAPITAL
ASSETS |
r18 |
3.100.000 |
3.100.000 |
3.100.000 |
|
NON CURRENT ASSETS -
TOTAL |
r19 |
787.083.250 |
760.986.614 |
723.717.138 |
|
Raw materials and
consumables |
r20 |
70.655.570 |
64.128.090 |
56.337.400 |
|
Work in progress |
r21 |
N/A |
0 |
376.438 |
|
Finished goods |
r22 |
63.886.700 |
70.357.650 |
57.447.200 |
|
Down payments on
inventory purchases |
r23 |
3.915.856 |
3.985.920 |
4.318.476 |
|
TOTAL INVENTORIES |
r24 |
138.458.129 |
138.471.652 |
118.479.509 |
|
Trade receivables |
r25 |
66.266.060 |
47.988.820 |
65.029.380 |
|
Receivables from
subsidiaries |
r26 |
2.619.895 |
9.897.172 |
4.390.645 |
|
Receivables from
entities in respect of participating interests |
r27 |
N/A |
0 |
0 |
|
Other receivables |
r28 |
17.080.420 |
11.800.980 |
9.963.175 |
|
Unpaid subscribed
capital |
r29 |
N/A |
0 |
0 |
|
TOTAL RECEIVABLES |
r30 |
85.966.373 |
69.686.974 |
79.383.203 |
|
Shares in
subsidiaries |
r31 |
N/A |
0 |
0 |
|
Other short-term
investments |
r32 |
N/A |
0 |
0 |
|
TOTAL SHORT-TERM
INVESTMENTS |
r33 |
N/A |
0 |
0 |
|
PETTY CASH AND BANK
ACCOUNTS |
r34 |
10.792.627 |
15.275.800 |
3.238.157 |
|
CURRENT ASSETS -
TOTAL |
r35 |
235.217.129 |
223.434.426 |
201.100.869 |
|
PREPAID EXPENSES |
r36 |
5.646.093 |
4.239.245 |
4.045.004 |
|
TOTAL ASSETS |
r37 |
1.027.946.493 |
988.660.245 |
928.863.004 |
|
|
|
|
|
|
|
Liabilities |
|
|||
|
|
|
|||
|
Debenture loans |
r38 |
N/A |
0 |
0 |
|
Amounts payable to
credit entities |
r39 |
102.869.400 |
146.403.200 |
261.265.400 |
|
Down payments
received on orders in progress |
r40 |
N/A |
0 |
0 |
|
Commercial debts - suppliers |
r41 |
84.638.360 |
103.904.000 |
113.332.400 |
|
Commercial bills
due |
r42 |
N/A |
0 |
0 |
|
Amounts payable to
subsidiaries |
r43 |
89.944.860 |
32.739.530 |
97.692.050 |
|
Amounts payable to
associates in respect of participating interests |
r44 |
N/A |
0 |
0 |
|
Other debts,
including fiscal debts and amounts payable to social security |
r45 |
4.013.498 |
5.947.353 |
6.133.353 |
|
TOTAL SHORT-TERM
DEBTS |
r46 |
281.466.100 |
288.994.100 |
478.423.200 |
|
NET CURRENT
ASSETS/NET CURRENT DEBTS |
r47 |
-40.748.900 |
-61.421.940 |
-273.333.200 |
|
TOTAL ASSETS MINUS
CURRENT DEBTS |
r48 |
746.334.300 |
699.564.700 |
450.383.900 |
|
Debenture loans |
r49 |
N/A |
0 |
0 |
|
Amounts payable to
credit entities |
r50 |
252.118.100 |
197.946.900 |
0 |
|
Down payments
received on orders in progress |
r51 |
N/A |
0 |
0 |
|
Commercial debts -
suppliers |
r52 |
N/A |
0 |
0 |
|
Commercial bills
due |
r53 |
N/A |
0 |
0 |
|
Amounts payable to
subsidiaries |
r54 |
128.860.400 |
158.074.700 |
158.938.500 |
|
Amounts payable to
associates in respect of participating interests |
r55 |
N/A |
0 |
0 |
|
Other debts,
including fiscal debts and amounts payable to social security |
r56 |
N/A |
0 |
0 |
|
TOTAL LONG-TERM
DEBTS |
r57 |
380.978.500 |
356.021.600 |
158.938.500 |
|
Provisions for
pensions and other similar obligations |
r58 |
N/A |
0 |
0 |
|
Provisions for
taxes |
r59 |
N/A |
0 |
0 |
|
Other provisions |
r60 |
5.705.500 |
0 |
0 |
|
TOTAL DEBTS |
r61 |
662.444.645 |
645.015.662 |
637.361.715 |
|
TOTAL PROVISIONS |
r62 |
5.705.500 |
0 |
0 |
|
Grants for
investments |
r63 |
N/A |
0 |
0 |
|
deferred income |
r64 |
145.976 |
101.548 |
55.913 |
|
TOTAL DEFERRED
INCOME |
r65 |
145.976 |
101.548 |
55.913 |
|
Subscribed and paid
capital |
r66 |
318.075.900 |
318.075.900 |
318.075.900 |
|
Subscribed and
unpaid capital |
r67 |
N/A |
0 |
0 |
|
Assets and
liabilities (public sector companies) |
r68 |
N/A |
0 |
0 |
|
TOTAL SHARE CAPITAL |
r69 |
318.075.900 |
318.075.900 |
318.075.900 |
|
CAPITAL PREMIUM |
r70 |
38 |
38 |
38 |
|
REVALUATION
RESERVES |
r71 |
352.570.500 |
303.101.400 |
264.757.100 |
|
Legal reserves |
r72 |
319.906 |
319.906 |
319.906 |
|
Statutory or
contractual reserves |
r73 |
N/A |
0 |
0 |
|
Reserves
representing the revaluation reserve surplus |
r74 |
138.485.900 |
N/A |
N/A |
|
Other reserves |
r75 |
25.864 |
25.864 |
25.864 |
|
TOTAL RESERVES |
r76 |
138.831.700 |
345.770 |
345.770 |
|
Own shares |
r77 |
N/A |
0 |
0 |
|
Earnings associated
to own capital instruments |
r78 |
N/A |
0 |
0 |
|
Losses associated to
own capital instruments |
r79 |
N/A |
0 |
0 |
|
Reported profit or
loss (e) Balance account C |
r80 |
N/A |
0 |
0 |
|
Reported profit or
loss (e) Balance account D |
r81 |
452.034.400 |
261.872.800 |
239.635.700 |
|
Profit or loss as per
the financial year Balance account C |
r82 |
2.206.699 |
0 |
0 |
|
Profit or loss as
per the financial year Balance account D |
r83 |
0 |
16.107.280 |
52.097.690 |
|
Profit distribution |
r84 |
N/A |
0 |
0 |
|
SHAREHOLDERS'
EQUITY - TOTAL |
r85 |
359.650.351 |
343.543.075 |
291.445.383 |
|
Public patrimony |
r86 |
N/A |
0 |
0 |
|
EQUITY - TOTAL |
r87 |
359.650.300 |
343.543.100 |
291.445.400 |
|
TOTAL LIABILITIES |
r88 |
1.027.946.376 |
988.660.348 |
928.863.013 |
Profit and Loss Account
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Net turnover |
r89 |
1.125.257.921 |
1.088.174.653 |
997.155.030 |
|
Own work sold |
r90 |
1.099.716.000 |
1.078.402.000 |
978.045.400 |
|
Income from the
sale of goods |
r91 |
53.203.950 |
38.619.390 |
49.313.130 |
|
Income from
interests made by leasing |
r92 |
N/A |
0 |
0 |
|
Income from grants
related to income corresponding to net turnover |
r93 |
N/A |
0 |
0 |
|
Balance account C |
r94 |
13.695.270 |
5.506.854 |
0 |
|
Balance account D |
r95 |
N/A |
0 |
12.980.570 |
|
Production made by
the entity for its own purposes and capitalized |
r96 |
73.969 |
325.705 |
176.920 |
|
Other operating
income |
r97 |
902.271 |
3.441.009 |
1.257.798 |
|
OPERATING INCOME -
TOTAL |
r98 |
1.139.929.000 |
1.097.448.000 |
985.609.200 |
|
Expenses on raw
materials and consumables |
r99 |
653.049.600 |
625.717.600 |
553.256.500 |
|
Other expenses
supplies and materials |
r100 |
347.254 |
890.665 |
608.251 |
|
Other outsourced expenses
(electricity and water) |
r101 |
73.561.240 |
70.856.320 |
74.015.180 |
|
Expenses on goods |
r102 |
50.483.660 |
35.596.130 |
43.723.580 |
|
Expenses on
personnel, of which: |
r103 |
32.866.970 |
29.415.650 |
29.712.950 |
|
Salaries and
benefits |
r104 |
26.092.590 |
24.036.950 |
24.261.180 |
|
Insurance and
social security costs |
r105 |
6.774.387 |
5.378.704 |
5.451.767 |
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Adjustments of the value
of tangible and intangible fixed assets |
r106 |
61.318.300 |
81.633.550 |
82.144.740 |
|
Expenses |
r107 |
62.610.820 |
82.446.150 |
82.194.710 |
|
Income |
r108 |
1.292.523 |
812.607 |
49.966 |
|
Adjustments of the
value of current assets |
r109 |
-535.046 |
2.518.974 |
-267.972 |
|
Expenses |
r110 |
N/A |
3.301.378 |
0 |
|
Income |
r111 |
535.046 |
782.404 |
267.972 |
|
Other operating
costs |
r112 |
221.823.500 |
225.217.200 |
208.941.800 |
|
Expenses on third
party services |
r113 |
218.227.200 |
213.209.300 |
195.843.300 |
|
Expenses on other
taxes, duties and similar charges |
r114 |
2.916.243 |
3.229.921 |
3.382.704 |
|
Expenses on
compensations, donations and assigned assets |
r115 |
679.986 |
3.622.369 |
9.670.108 |
|
Expenses with refinancing
interest rates of leasing entities |
r116 |
N/A |
0 |
0 |
|
Adjustments of
provisions |
r117 |
N/A |
-5.705.500 |
0 |
|
Expenses |
r118 |
N/A |
0 |
0 |
|
income |
r119 |
N/A |
5.705.500 |
0 |
|
OPERATING EXPENSES
- TOTAL |
r120 |
1.092.279.678 |
1.065.187.972 |
990.253.373 |
|
- Profit |
r121 |
47.649.750 |
32.260.250 |
0 |
|
- Loss |
r122 |
0 |
0 |
4.644.194 |
|
Income from
participating interests, of which: |
r123 |
N/A |
0 |
0 |
|
income obtained
from subsidiaries |
r124 |
N/A |
0 |
0 |
|
Income from other
financial investments and loans which are part of intangible fixed assets
(acc. 763), of which: |
r125 |
N/A |
N/A |
N/A |
|
income obtained
from subsidiaries |
r126 |
N/A |
N/A |
N/A |
|
Income from
interest rates, of which: |
r127 |
14.725 |
15.463 |
4.255 |
|
income obtained
from subsidiaries |
r128 |
N/A |
0 |
0 |
|
Other financial
income |
r129 |
20.282.460 |
28.478.550 |
18.804.070 |
|
FINANCIAL INCOME -
TOTAL |
r130 |
20.297.180 |
28.494.020 |
18.808.320 |
|
Value adjustments in
respect of capital assets and investments as current assets |
r131 |
N/A |
0 |
0 |
|
Expenses |
r132 |
N/A |
0 |
0 |
|
income |
r133 |
N/A |
0 |
0 |
|
Interest expenses |
r134 |
15.772.810 |
13.394.400 |
14.762.970 |
|
of which, expenses in
respect of subsidiaries |
r135 |
7.914.952 |
8.577.461 |
10.383.430 |
|
Other financial
expenses |
r136 |
49.967.420 |
63.467.140 |
51.498.850 |
|
FINANCIAL EXPENSES
- TOTAL |
r137 |
65.740.237 |
76.861.541 |
66.261.823 |
|
- Financial profit |
r138 |
0 |
0 |
0 |
|
- Financial loss |
r139 |
45.443.050 |
48.367.530 |
47.453.500 |
|
- Current profit |
r140 |
2.206.699 |
N/A |
N/A |
|
- Current loss |
r141 |
0 |
N/A |
N/A |
|
Extraordinary
income |
r142 |
N/A |
N/A |
N/A |
|
Extraordinary
expenses |
r143 |
0 |
N/A |
N/A |
|
- Extraordinary
profit |
r144 |
0 |
N/A |
N/A |
|
- Extraordinary
loss |
r145 |
0 |
N/A |
N/A |
|
TOTAL INCOME |
r146 |
1.160.226.614 |
1.125.942.236 |
1.004.417.504 |
|
TOTAL EXPENSES |
r147 |
1.158.019.915 |
1.142.049.513 |
1.056.515.196 |
|
- Gross profit |
r148 |
2.206.699 |
0 |
0 |
|
- Gross loss |
r149 |
0 |
16.107.280 |
52.097.690 |
|
Income tax |
r150 |
N/A |
0 |
0 |
|
Other taxes which
are not recorded above |
r151 |
N/A |
0 |
0 |
|
- Net profit |
r152 |
2.206.699 |
0 |
0 |
|
- Net loss |
r153 |
0 |
16.107.280 |
52.097.690 |
|
Net result |
r154 |
2.206.699 |
-16.107.277 |
-52.097.692 |
Additional information
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Outstanding
payments-total, of which: - TOTAL |
r155 |
14.718.400 |
4.202.563 |
11.301.200 |
|
Accounts payable
outstanding- total, of which: - TOTAL |
r156 |
14.718.400 |
4.202.563 |
11.301.200 |
|
over 30 days -
TOTAL |
r157 |
6.436.117 |
903.168 |
347.680 |
|
over 90 days -
TOTAL |
r158 |
6.256.248 |
1.028.021 |
9.081.116 |
|
over 1 year - TOTAL |
r159 |
2.026.037 |
2.271.374 |
1.872.399 |
|
Outstanding
payments to social security- total, of which: - TOTAL |
r160 |
N/A |
0 |
0 |
|
contributions to social
security payable by employers, employees and other assimilated entities -
TOTAL |
r161 |
N/A |
0 |
0 |
|
contributions to
the social health insurance fund - TOTAL |
r162 |
N/A |
0 |
0 |
|
contribution to the
additional state pension system - TOTAL |
r163 |
N/A |
0 |
0 |
|
contributions to
the unemployment fund - TOTAL |
r164 |
N/A |
0 |
0 |
|
other social
liabilities - TOTAL |
r165 |
N/A |
0 |
0 |
|
Payments due to
special funds and other funds - TOTAL |
r166 |
N/A |
0 |
0 |
|
Payments due to other
creditors - TOTAL |
r167 |
N/A |
0 |
0 |
|
Taxes and fees
unpaid to the public budget on the date due - TOTAL |
r168 |
N/A |
0 |
0 |
|
Taxes and fees
unpaid to the local budget on the date due - TOTAL |
r169 |
N/A |
0 |
0 |
|
Bank credits which were
not reimbursed on the date due - total, of which: - TOTAL |
r170 |
0 |
0 |
0 |
|
back payments after
30 days - TOTAL |
r171 |
N/A |
0 |
0 |
|
back payments after
90 days - TOTAL |
r172 |
N/A |
0 |
0 |
|
back payments after
1 year - TOTAL |
r173 |
N/A |
0 |
0 |
|
Past due interest -
TOTAL |
r174 |
N/A |
0 |
0 |
|
Average number of employees |
r175 |
463 |
447 |
440 |
Specific tangible fixed assets
|
Name |
Ref. |
31/12/2014 RON LONG |
31/12/2015 RON LONG |
31/12/2016 RON LONG |
|
Lands |
r176 |
44.620.616 |
44.620.616 |
44.620.616 |
|
Buildings |
r177 |
275.710.479 |
279.486.657 |
279.980.977 |
|
Technical
installations and machines |
r178 |
1.192.957.072 |
1.194.144.551 |
1.251.687.736 |
|
Amortization |
r179 |
N/A |
N/A |
N/A |
Financial Ratios
|
Name |
Ref. |
31/12/2014 |
31/12/2015 |
31/12/2016 |
|
Debt Ratio |
R1 |
0,64 |
0,65 |
0,69 |
|
Quick ratio |
R2 |
0,34 |
0,29 |
0,17 |
|
Current ratio |
R3 |
0,84 |
0,77 |
0,42 |
|
Solvency ratio |
R4 |
1,06 |
1,04 |
0,55 |
|
Return on sales (
ROS ) |
R5 |
0,00 |
0,00 |
0,00 |
|
Return on assets (
ROA ) |
R6 |
0,00 |
0,00 |
0,00 |
|
Return on equity (
ROE ) |
R7 |
0,01 |
0,00 |
0,00 |
|
Operating margin,
in (%) |
R8 |
0,04 |
0,03 |
0,00 |
|
Days supply in
inventory |
R9 |
44,91 |
46,45 |
43,37 |
|
Days sales in
receivables |
R10 |
27,89 |
23,37 |
29,06 |
|
Days purchase in
payables |
R11 |
91,30 |
96,94 |
175,12 |
|
SALES TO TOTAL
ASSETS |
R12 |
1,09 |
1,10 |
1,07 |
|
OPERATING
RESULT/TOTAL ASSETS |
R13 |
0,05 |
0,03 |
0,00 |
|
CASH RATIO |
R14 |
0,04 |
0,05 |
0,01 |
|
Equity as % of
total assets |
R15 |
34,99 |
34,75 |
31,38 |
|
Fixed assets as %
of total assets |
R16 |
76,57 |
76,97 |
77,91 |
|
Receivables as % of
current assets |
R17 |
36,55 |
31,19 |
39,47 |
|
Net working capital |
R18 |
-46248971,00 |
-65559674,00 |
-277322331,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
|
RON |
1 |
INR 17.07 |
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.