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MIRA
INFORM REPORT
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Report No. : |
512215 |
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Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SIJ RAVNE SYSTEMS D.O.O. |
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Formerly Known As : |
·
SISTEMSKA TEHNIKA D.O.O · RAVNE SYSTEMS D.O.O. |
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Registered Office : |
Koroška Cesta 14, 2390 Ravne Na Koroškem, |
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Country : |
Slovenia |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
19.08.2002 |
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Com. Reg. No.: |
10977900 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Manufacture of metal structures and parts of
structures ·
Manufacture of other tanks, reservoirs and
containers of metal ·
Manufacture of weapons and ammunition |
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No. of Employees : |
522 employees (2017) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow & Delayed |
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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) |
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Slovenia |
B1 |
B1 |
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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 |
SLOVENIA - ECONOMIC OVERVIEW
With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in the 2008-09 period in the wake of the global financial crisis. Slovenia became the first 2004 EU entrant to adopt the euro (on 1 January 2007) and has experienced a stable political and economic transition.
In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. In 2007, Slovenia was invited to begin the process for joining the OECD; it became a member in 2012. However, long-delayed privatizations, particularly within Slovenia’s largely state-owned and increasingly indebted banking sector, have fueled investor concerns since 2012 that the country would need EU-IMF financial assistance. In 2013, the European Commission granted Slovenia permission to begin recapitalizing ailing lenders and transferring their nonperforming assets into a “bad bank” established to restore bank balance sheets. From 2014 to 2017, export-led growth, fueled by demand in larger European markets, pushed GDP growth above 2.3% in each year from 2014-2016, and probably reached 4.6% in 2017. What had been stubbornly high unemployment fell below 7% in 2017, driven by strong exports and increasing consumption that boosted labor demand. Continued fiscal consolidation through increased tax collection and social security contributions is set to have a positive impact in 2018 as the government plans a balanced budget.
Prime Minister CERAR’s government took office in September 2014, pledging to press ahead with commitments to privatize a select group of state-run companies, rationalize public spending, and further stabilize the banking sector.
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Source
: CIA |
Company name and address
SIJ RAVNE SYSTEMS
d.o.o.
Koroška cesta 14,
2390 Ravne na Koroškem
Phone: 02 870 62 00
Telefax: 02 870 62 30
E-Mail: ana.epsek@ravne.com
E-Mail: info@ravnesystems.com
E-Mail: miha.grzina@ravne.com
Web: www.sij.ravnesystems.com
summary
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Legal form |
Ltd - Limited liability company |
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|
Established on |
19/08/2002 - Ltd - Limited liability
company |
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|
last entry on 20.09.2017 |
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Registered on |
19/08/2002, Slovenj Gradec, Registration
number: 10977900 |
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Registered capital |
19/08/2002 |
EUR |
4.504.664,13 |
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|
|
13/06/2012 |
EUR |
5.019.975,03 |
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|
|
04/09/2014 |
EUR |
4.000.000,00 |
|
|
|
on 13.06.2012 increase of capital for EUR
515.310,90 |
|||
|
Owner |
SIJ d.d. (Statistical number: 5046432) |
EUR |
4.000.000,00 |
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Manager |
Samo Jenič |
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General data |
company activity: |
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Main activity: |
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Former name |
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RAVNE SYSTEMS d.o.o. |
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Short name |
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Export: |
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Import: |
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Residence address: |
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Other activities |
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NACE 2: |
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Manufacture of metal structures and parts
of structures |
(25.11) |
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Manufacture of other tanks, reservoirs and
containers of metal |
(25.29) |
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|
Manufacture of weapons and ammunition |
(25.40) |
|
Employees |
2010 |
244 employees |
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|
2011 |
222 employees |
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|
2012 |
237 employees |
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2013 |
241 employees |
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2014 |
214 employees |
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2015 |
221 employees |
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2016 |
230 employees |
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2017 |
522 employees |
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Annual turnover |
2010 |
Enterprise turnover |
EUR |
14.111.686,- |
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|
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2011 |
Enterprise turnover |
EUR |
15.455.181,- |
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|
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2012 |
Enterprise turnover |
EUR |
15.327.261,- |
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2013 |
Enterprise turnover |
EUR |
15.620.173,- |
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|
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2014 |
Enterprise turnover |
EUR |
13.838.473,- |
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2015 |
Enterprise turnover |
EUR |
17.253.570,- |
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2016 |
Enterprise turnover |
EUR |
21.965.634,- |
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2017 |
Enterprise turnover |
EUR |
40.756.432,- |
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Property |
Company's property: Land and buildings |
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Remarks |
long company name: |
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Interests |
SIJ d.d. (Statistical number: 5046432): |
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HOLDING PMP, naložbena dejavnost, d.d.
(Statistical number: 2172429) |
Head shareholders |
100% |
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NOŽI RAVNE d.o.o. (Statistical number:
5439264) |
Owner |
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ODPAD, zbiranje in predelava sekundarnih
surovin ter trgovina d.o.o. Pivka (Statistical number: 5577772) |
Owner |
74,9% |
|
|
PERUTNINA PTUJ d.d. (Statistical number:
5141966) |
Head shareholders |
72,36% |
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POKOJNINSKA DRUŽBA A, d.d. (Statistical
number: 1640097) |
Head shareholders |
6,23% |
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SIJ ACRONI d.o.o. (Statistical number:
5688418) |
Owner |
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SIJ d.d. (Statistical number: 5046432) |
Head shareholders |
2,78% |
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SIJ ELEKTRODE JESENICE d.o.o. (Statistical
number: 1254430) |
Owner |
100% |
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SIJ METAL RAVNE d.o.o. (Statistical number:
5686482) |
Owner |
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SIJ RAVNE STEEL CENTER d.o.o. (Statistical
number: 1906887) |
Owner |
77,28% |
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SIJ SUZ d.o.o. (Statistical number: 1199781) |
Owner |
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Slovenske železarne - Energetika Štore
d.o.o. (Statistical number: 1254855) |
Owner |
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Slovenske zelezarne Jeklolivarna d.o.o.
(Statistical number: 5439132) |
Owner |
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SŽ - ARMATURE MUTA Ravne d.o.o.
(Statistical number: 5439256) |
Owner |
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SŽ PFJ d.o.o. (Statistical number: 5434513) |
Owner |
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SŽ-PFP d.o.o. (Statistical number: 5434521) |
Owner |
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TERMIT d.d. (Statistical number: 5033896) |
Head shareholders |
2,77% |
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TIO PNEVMATIKA, proizvodnja industrijske
pnevmatike in hidravlike, d.o.o., Lesce (Statistical number: 5868459) |
Owner |
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ZDRAVILIŠČE ROGAŠKA zdravstvo, hoteli,
turizem in upravljanje holding družb, d.d. (Statistical number: 1277090) |
Head shareholders |
1,74% |
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ZIP CENTER podjetje za proizvodnjo,
storitve, usposabljanje in zaposlovanje invalidov d.o.o. (Statistical number:
5925142) |
Owner |
100% |
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SIJ RAVNE SYSTEMS d.o.o. (Statistical
number: 1367439): |
||
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ARMAS d.o.o. (Statistical number: 2321840) |
Owner |
100% |
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Bank relations |
NOVA KBM d.d.: |
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Business course |
satisfactory |
(30) |
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Terms of payment |
Partly within agrees credit terms, partly
within delays |
(42) |
financial
|
A. The enclosed balance of 2017 is
originated from official source, it is not authenticated by the auditor.
(31.12.2017 - 1 EUR) |
|
balance |
A 31.12.2017 |
B 31.12.2016 |
C 31.12.2015 |
D 31.12.2014 |
|
ASSETS (AKTIVA) |
44.060.750 |
27.465.109 |
21.756.618 |
20.718.377 |
|
LONG-TERM ASSETS |
22.516.111 |
17.866.372 |
14.997.106 |
15.752.689 |
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Intangible assets and long-term deferred
costs and accrued revenues |
1.284.011 |
282.522 |
57.058 |
72.584 |
|
Intangible assets |
1.284.011 |
282.522 |
57.058 |
72.584 |
|
Long-term deferred costs and accrued
revenues |
0 |
0 |
0 |
0 |
|
Tangible fixed assets |
19.364.829 |
15.955.108 |
14.467.950 |
15.195.149 |
|
Long-term financial investments and Real
estate investments |
100 |
241.547 |
255.680 |
269.813 |
|
Investment property |
0 |
0 |
0 |
0 |
|
Long-term financial investments |
100 |
241.547 |
255.680 |
269.813 |
|
Long-term operating receivables |
0 |
0 |
0 |
0 |
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Deferred receivables for taxes |
1.867.171 |
1.387.195 |
216.418 |
215.142 |
|
SHORT-TERM ASSETS |
21.544.639 |
9.508.003 |
6.742.142 |
4.965.687 |
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Assets (group for estrange) for sell |
0 |
0 |
0 |
|
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Inventories |
8.793.791 |
3.200.247 |
3.455.216 |
1.683.818 |
|
Short-term financial investments |
0 |
0 |
0 |
0 |
|
Short-term operating receivables |
8.299.481 |
4.544.786 |
3.149.606 |
2.950.959 |
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Cash assets |
4.451.367 |
1.762.969 |
137.320 |
330.910 |
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Short-term deferred costs and accrued
revenues |
0 |
90.735 |
17.370 |
0 |
|
Off-balance sheet items |
43.768.377 |
278.172 |
415.300 |
|
|
LIABILITIES |
44.060.750 |
27.465.109 |
21.756.618 |
20.718.377 |
|
CAPITAL |
8.309.078 |
7.959.796 |
1.646.099 |
2.293.301 |
|
Called-up capital |
4.000.000 |
4.000.000 |
4.000.000 |
4.000.000 |
|
Basic (subscribed) capital |
4.000.000 |
4.000.000 |
4.000.000 |
4.000.000 |
|
Non called-up capital (deductive item) |
0 |
0 |
0 |
0 |
|
Capital reserves |
0 |
0 |
0 |
0 |
|
Reserves from profit |
6.091.322 |
6.091.322 |
66.557 |
66.557 |
|
Surplus from revaluation |
0 |
0 |
1.033.456 |
1.029.726 |
|
Reserves resulting from valuation at fair
value |
|
|
|
|
|
Retained net |
0 |
0 |
-2.802.982 |
-1.648.626 |
|
Net business result for the business year |
-1.365.582 |
-2.108.355 |
-650.932 |
-1.154.356 |
|
PROVISIONS AND LONG-TERM ACCRUED COSTS AND
DEFERRED REVENUES |
2.946.981 |
1.978.464 |
1.566.465 |
1.738.576 |
|
FINANCIAL AND BUSINESS LIABILITIES |
32.804.690 |
17.393.973 |
18.263.099 |
16.481.498 |
|
LONG-TERM LIABILITIES |
9.187.430 |
7.874.876 |
2.961.358 |
8.878.030 |
|
Long-term financial liabilities |
9.187.430 |
7.874.876 |
2.744.940 |
8.661.613 |
|
Long-term operating liabilities |
0 |
0 |
0 |
0 |
|
Deferred liabilities for taxes |
0 |
0 |
216.418 |
216.417 |
|
SHORT-TERM LIABILITIES |
23.617.260 |
9.519.097 |
15.301.741 |
7.603.468 |
|
Liabilities, included in groups for
estrange |
0 |
0 |
0 |
0 |
|
Short-term financial liabilities |
1.264.465 |
890.600 |
10.308.326 |
4.478.648 |
|
Short-term operating liabilities |
22.352.796 |
8.628.497 |
4.993.415 |
3.124.820 |
|
SHORT-TERM ACCRUED COSTS AND DEFERRED
REVENUES |
0 |
132.876 |
280.955 |
205.001 |
|
Off-balance sheet items |
43.768.377 |
278.172 |
415.300 |
|
|
A. The enclosed profit and loss account of
2017 is originated from official source, it is not authenticated by the
auditor. (31.12.2017 - 1 EUR) |
||||
|
profit and loss account |
A 31.12.2017 |
B 31.12.2016 |
C 31.12.2015 |
D 31.12.2014 |
|||||
|
Net sales |
36.955.914 |
21.568.609 |
15.355.400 |
13.136.838 |
|||||
|
Changes in the value of inventories of
products and work-in-process |
3.009.812 |
105.155 |
1.445.109 |
152.306 |
|||||
|
Capitalised own products and own services |
573.509 |
189.274 |
0 |
40.902 |
|||||
|
Other operating revenues (with subventions,
grants,...) |
198.993 |
96.941 |
398.026 |
435.327 |
|||||
|
GROSS OPERATING YIELD |
40.738.228 |
21.959.979 |
17.198.535 |
13.765.373 |
|||||
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Cost of goods, material and services |
22.511.819 |
12.744.828 |
10.542.387 |
7.820.246 |
|||||
|
Purchase value of goods and materials sold
and cost of material and cost of material used |
16.456.982 |
8.802.965 |
8.068.007 |
5.716.708 |
|||||
|
Cost of services |
6.054.837 |
3.941.863 |
2.474.380 |
2.103.538 |
|||||
|
Labour cost |
14.841.614 |
7.024.992 |
5.665.439 |
5.303.445 |
|||||
|
Cost of wages |
10.716.796 |
4.925.533 |
4.227.760 |
3.959.450 |
|||||
|
Cost of pension insurance |
992.688 |
808.475 |
28.177 |
658.849 |
|||||
|
Cost of other social insurance |
754.688 |
20.705 |
769.350 |
|
|||||
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Other labour cost |
2.377.442 |
1.270.279 |
640.152 |
685.146 |
|||||
|
Write-offs |
2.252.185 |
1.441.806 |
1.017.194 |
1.120.823 |
|||||
|
Depreciation |
2.088.137 |
1.140.925 |
943.558 |
991.213 |
|||||
|
Revaluation operating expenses for non-tangible
assets and tangible fixed assets |
3.348 |
5.176 |
549 |
23.376 |
|||||
|
Revaluation operating expenses for current
assets |
160.700 |
295.705 |
73.087 |
106.234 |
|||||
|
Other operating expenses |
255.036 |
181.731 |
83.942 |
108.142 |
|||||
|
OPERATING REVENUES |
37.728.416 |
21.854.824 |
15.753.426 |
13.572.165 |
|||||
|
OPERATING EXPENSES |
39.860.655 |
21.393.357 |
17.318.962 |
14.352.656 |
|||||
|
OPERATING RESULT |
-2.132.239 |
461.468 |
-1.565.536 |
-780.491 |
|||||
|
EBIT |
877.573 |
566.623 |
-120.427 |
-587.284 |
|||||
|
Financial income from investments in other
enterprises |
0 |
0 |
0 |
0 |
|||||
|
Financial income from loans |
18.204 |
5.654 |
6.429 |
20.699 |
|||||
|
Financial income from operating receivables |
0 |
0 |
15.115 |
0 |
|||||
|
Financial expenses from depreciation and
write-offs of financial investments |
0 |
0 |
0 |
0 |
|||||
|
Financial expenses from financial
liabilities |
395.032 |
357.422 |
507.666 |
614.556 |
|||||
|
Financial expenses from operating
liabilities |
237.949 |
40.074 |
30.897 |
0 |
|||||
|
Financial income |
18.204 |
5.654 |
21.544 |
20.699 |
|||||
|
Financial expenses |
632.981 |
397.496 |
538.563 |
614.556 |
|||||
|
Other revenues |
0 |
0 |
33.491 |
52.401 |
|||||
|
Other expenses |
0 |
0 |
48.252 |
24.341 |
|||||
|
Total revenues |
40.756.432 |
21.965.634 |
17.253.570 |
13.838.473 |
|||||
|
Total costs |
40.493.636 |
21.790.853 |
17.905.777 |
14.991.553 |
|||||
|
Total business result |
262.797 |
174.781 |
-652.207 |
-1.153.081 |
|||||
|
Tax on profit |
0 |
0 |
0 |
0 |
|||||
|
Deferred taxs |
-479.976 |
-404.758 |
-1.275 |
1.275 |
|||||
|
Net business result for the accounting
period |
742.773 |
579.539 |
-650.932 |
-1.154.356 |
|||||
|
|
|||||||||
|
Ratios |
|
2014 |
2015 |
2016 |
2017 |
||||
|
|
Equity ratio |
0,19 |
0,18 |
0,15 |
0,09 |
|
|
Cleared equity ratio |
0,15 |
0,14 |
0,15 |
0,09 |
|
|
Current liquidity |
0,65 |
0,44 |
1 |
0,91 |
|
|
Quick liquidity |
0,43 |
0,21 |
0,66 |
0,54 |
|
|
Working capital |
-2637781 |
-8559599 |
-11094 |
-2072621 |
|
|
Gearing |
5,18 |
5,44 |
6,87 |
11,02 |
|
|
Cleared gearing |
4,42 |
4,4 |
2,19 |
2,61 |
|
|
Profitability |
-8,33 |
-3,78 |
0,8 |
0,64 |
|
|
Operating profitability |
-8,34 |
-3,77 |
2,64 |
1,82 |
|
|
Stock days |
44,41 |
73,1 |
53,18 |
78,75 |
|
|
Debtor days |
77,83 |
66,63 |
75,52 |
74,33 |
|
|
Supplier days |
82,42 |
106 |
143 |
200 |
|
Copyright: Creditreform, d.o.o., Slovenia |
This information is addressed exclusively
to addresse. We don't assume responsibility for negligence referring to the
content of this information.__On behalf of the objective information, please
inform us if you have different observations. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.63 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.20 |
|
EURO |
1 |
INR 78.47 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
POJ |
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.