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MIRA
INFORM REPORT
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Report No. : |
510956 |
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Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
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Name : |
STONART SP. Z O.O. |
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Registered Office : |
Ruda Ul. Grabowa 36 05-255 Stare Załubice |
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Country : |
Poland |
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Date of Incorporation : |
11.02.2011 |
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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 : |
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
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STONART sp. z o.o. |
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Ruda |
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Phone: 22 354 68 22 |
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Fax: 22 877 15 26 |
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E-mail: center@stonart.pl |
Company summery
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Legal form |
Limited liability company |
(5) |
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Stat.no. |
142882659 |
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Tax ID |
PL 5252503269 |
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Establishment |
11.02.2011 as General partnership |
(3) |
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31.08.2017 as Limited liability company |
(5) |
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Changes of names and addresses |
30.03.2011 STONART ŚWIĄTEK sp. j. |
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18.09.2017 STONART sp. z o.o. |
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16.11.2017 Ruda 25B, 05-255 Stare Załubice |
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23.01.2018 Ruda, ul. Grabowa 36, 05-255 Stare
Załubice |
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Registration: |
18.09.2017, District Court Warszawa, XIV Department, KRS 695119 |
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Shareholders |
Jerzy Wojciech Świątek , personal ID no. (PESEL)
40080902276 |
PLN |
10 000,00 |
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Katarzyna Anna Świątek , personal ID no. (PESEL)
70090700728 |
PLN |
10 000,00 |
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list entered to NCR /KRS/ on 18.09.2017 |
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Initial Capital |
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PLN 20 000,00 |
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Initial capital divided into 200 shares of PLN 100,00 each |
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An in-kind contribution has been made and valued at |
PLN 20 000,00 |
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Management |
Jerzy Wojciech Świątek , personal ID no. (PESEL)
40080902276 |
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Representation: |
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Main activity |
Sale of construction materials |
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Branches NACE 2007: |
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Other wholesale |
(G.46.73.Z) |
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Agents involved in the sale of timber and building materials |
(G.46.13.Z) |
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Manufacture of made-up textile articles |
(C.13.92.Z) |
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Employment |
No data available |
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Turnover |
data not possible to obtain |
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Financial statements
As at the day the report was prepared, there is no information in the register that the company filed to court the financial statement for the most recent accounting period.
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While
rating the company, it is advisable |
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(G.46.73.Z - NACE 2007), as at : |
31.12.2017 |
31.12.2016 |
31.12.2015 |
31.12.2014 |
31.12.2013 |
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Current ratio............................ |
1,54 |
1,50 |
1,51 |
1,48 |
1,39 |
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Quick ratio.............................. |
0,87 |
0,87 |
0,88 |
0,87 |
0,84 |
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Immediate ratio.......................... |
0,13 |
0,12 |
0,16 |
0,14 |
0,13 |
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Return on sale........................... |
2,83 |
2,48 |
2,73 |
1,68 |
1,11 |
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Return on assets......................... |
5,68 |
4,95 |
5,50 |
3,41 |
2,31 |
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Return on equity......................... |
11,57 |
10,47 |
11,65 |
7,32 |
5,19 |
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Average trade debtors' days.............. |
53,88 |
54,11 |
50,83 |
54,85 |
56,59 |
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Average stock turnover's days............ |
48,84 |
48,02 |
46,91 |
45,71 |
43,53 |
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average payables payment period.......... |
75,00 |
77,30 |
76,57 |
76,73 |
81,26 |
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Total indebtedness ratio................. |
50,96 |
52,73 |
52,83 |
53,39 |
55,41 |
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Percent share in the examinated group |
86,30 |
91,40 |
88,70 |
84,60 |
81,00 |
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Sales/revenue per employee in th. PLN.... |
913,65 |
925,70 |
887,50 |
867,97 |
811,58 |
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Average sales/revenue per company in |
123 186,70 |
121 432,54 |
119 399,73 |
112 206,50 |
102 474,79 |
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according to the Central Statistical Office |
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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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Shares in other companies |
As at 03.05.2018 there are no shares in other companies. |
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Connections: |
Katarzyna Anna Świątek , personal ID no. (PESEL)
70090700728 |
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Data concerning connections are valid as at: 03.05.2018. |
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General information |
The subject has not decided to cooperate in elaboration of this
report yet. |
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Banks |
Names of banks were not disclosed |
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Payment Manner |
Slow but Correct |
(34) |
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Credit capability |
Business connections should not be refused, credits require
security |
(41) |
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The commercial credit cannot be determined due to the lack of
insight into the complete and current financial situation of the subject
company. |
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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 67.44 |
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1 |
INR 89.89 |
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Euro |
1 |
INR 79.00 |
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PLN |
1 |
INR 18.20 |
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 : |
TRU |
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.