MIRA
INFORM REPORT
|
Report No. :
|
511633
|
|
Report Date :
|
31.05.2018
|
|
Name :
|
MBR METALS LLC
|
|
|
|
|
Registered Office :
|
Paldiski Mnt 96 A / Vabaohumuuseumi Tee 1, Tallinn, Harju County,
13522,
|
|
|
|
|
Country :
|
Estonia
|
|
|
|
|
Financials (as on) :
|
31.12.2017
|
|
|
|
|
Date of Incorporation :
|
15.09.2010
|
|
|
|
|
Com. Reg. No.:
|
11992915
|
|
|
|
|
Legal Form :
|
OU (Limited Liability Company by Estonian
Commercial Law)
|
|
|
|
|
Line of Business :
|
·
Metals and Minerals, Except Petroleum
·
Wholesale of metals and metal ores
|
|
|
|
|
No. of Employees :
|
9
|
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
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)
|
|
Estonia
|
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
|
ESTONIA - ECONOMIC OVERVIEW
Estonia, a member of the EU since 2004 and the euro zone
since 2011, has a modern market-based economy and one of the higher per capita
income levels in Central Europe and the Baltic region, but its economy is
highly dependent on trade, leaving it vulnerable to external shocks. Estonia's
successive governments have pursued a free market, pro-business economic
agenda, and sound fiscal policies that have resulted in balanced budgets and
the lowest debt-to-GDP ratio in the EU.
The economy benefits from strong electronics and
telecommunications sectors and strong trade ties with Finland, Sweden, Germany,
and Russia. After two years of robust recovery in 2011 and 2012, the Estonian
economy faltered in 2013 with only 1.6% GDP growth, mainly due to a continuing
recession in much of the EU. GDP growth dropped below 2% in 2015 due to lower
demand in key Scandinavian and Russian export markets. Rapid increases in
investment, which includes EU development funding, and the recovery of export
markets contributed to an estimated 4.2% GDP growth in 2017. Inflation also
rose in 2017 alongside increased global prices for food and energy, which make
up a large share of Estonia’s consumption basket.
Estonia is challenged by a shortage of labor, both skilled
and unskilled, although the government has amended its immigration law to allow
easier hiring of highly qualified foreign workers, and wage growth that
outpaces productivity gains. The government is also pursuing efforts to boost
productivity growth with a focus on innovations that emphasize technology
start-ups and e-commerce.
Identification
|
Full Name
|
:
|
MBR Metals Osauhing
|
|
Name in English
|
:
|
MBR Metals LLC
|
|
Name in national language
|
:
|
MBR Metals OÜ
|
|
|
Office Address
|
:
|
|
Paldiski mnt 96a / Vabaohumuuseumi tee 1,
Tallinn, Harju county, 13522, Estonia
|
|
|
|
|
|
|
Legal Address
|
:
|
|
Paldiski mnt 96a / / Vabaohumuuseumi tee
1, Tallinn, Harju county, 13522, Estonia
|
|
|
|
|
|
|
Contacts
|
:
|
|
-
|
Phone
|
:
|
(+372) 7660184
|
|
-
|
Fax
|
:
|
(+372) 7660185
|
|
-
|
E-mail
|
:
|
info@mbrmetals.com
|
|
-
|
WWW
|
:
|
www.mbrmetals.com
|
|
|
|
|
|
|
|
SUMMARY
Legal Form : OU (Limited Liability Company by Estonian Commercial Law)
|
Incorporation : 2010
|
Staff : 9
|
Litigation events : none
Remarks on payments : none
|
|
|
Sales :
|
168 960 104.00 EUR ( for 12
months, ended 31.12.2017 )
|
|
106 647 751.00 EUR ( for 12
months, ended 31.12.2016 )
|
|
|
|
|
|
Incorporation
|
:
|
2010
|
|
|
Registration Data
|
|
|
|
Date of registration
|
:
|
15.09.2010
|
|
Registration number
|
:
|
11992915
|
|
Registr. authority
|
:
|
Registration department of the County Court
(Harju county, Estonia)
|
|
|
Date of registration
|
:
|
23.09.2010
|
|
VAT number
|
:
|
EE101408514
|
|
Registr. authority
|
:
|
Estonian Tax and Customs Board (Harju
county, Estonia)
|
|
|
Legal Form
|
:
|
|
OU (Limited Liability Company by Estonian
Commercial Law)
|
since 15.09.2010
|
|
|
|
|
|
|
|
|
|
Share Capital
|
:
|
|
2 500 EUR (registered)
|
since 15.09.2010
|
|
|
|
|
|
|
|
|
|
Shareholders
|
:
|
|
-
|
Mr Trestsalov, Ilja (Estonia)
|
50.00 %
|
|
|
-
|
Mr Trestsalov, Denis (Estonia)
|
50.00 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Board / Executives
|
|
|
|
|
Executives
|
|
|
|
Board Member
|
:
|
|
Mr Trestsalov, Denis (Estonia)
|
|
|
|
|
Board Member
|
:
|
|
Mr Trestsalov, Ilja (Estonia)
|
|
|
|
|
Finance Director
|
:
|
|
Mrs Khachaturyan, Anna (Estonia)
|
|
|
ph.: +372 7660134 e-mail:
anna@mbrmetals.com
|
|
|
Authorised signature
|
:
|
Mr Trestsalov, Denis
|
|
|
Mr Trestsalov, Ilja
|
|
|
Changes in Registration Data
|
:
|
Obsolete addresses: Moisa 4, Tallinn, Harju
county, 13522, Estonia Tedrepere 20, Tallinn, Harju county, 13516, Estonia
|
|
|
Activities
|
:
|
|
-
|
505
|
Metals and Minerals, Except Petroleum
|
|
|
(5152 / NACE_1.1: Wholesale of metals and
metal ores)
|
|
|
(4672 / NACE_2: Wholesale of metals and
metal ores)
|
|
|
|
|
|
|
|
According to company's website data: MBR
METALS OU is privatly owned trading company with headquarters in Tallinn,
Estonia, engaged in metals and metallurgical raw materials international
sourcing and supply within CIS countries, EU and Asia.
|
|
|
Staff employed
|
:
|
|
|
|
Staff History
|
:
|
|
-
|
8
|
|
( the data as of 31.03.2018 )
|
|
|
-
|
8
|
|
|
( the data as of 23.11.2017 )
|
|
|
-
|
7
|
|
|
( the data as of 31.12.2016 )
|
|
|
-
|
6
|
|
|
( the data as of 31.12.2015 )
|
|
|
-
|
4
|
|
|
( the data as of 03.03.2014 )
|
|
|
|
|
|
|
Export
|
|
|
|
- 2017
|
:
|
European Union, Netherlands, Switzerland
99% of turnover
|
|
|
- 31.12.2016
|
:
|
|
Fiscal period: 12 month(s),
currency: EUR
|
106 647 751.00
|
|
|
|
|
|
|
- 31.12.2015
|
:
|
|
Fiscal period: 12 month(s),
currency: EUR
|
90 709 546.00
|
|
|
|
|
|
|
Import
|
|
|
|
- 2017
|
:
|
Russian Federation, Brazil, China Peoples
Republic
About 75% of turnover
|
|
|
Facilities
|
|
|
|
Real estate
|
:
|
|
own:
|
|
-
|
Land
|
|
size/amnt
|
:
|
100.00 m2
|
|
|
-
|
Buildings
|
|
size/amnt
|
:
|
230.00 m2
|
|
|
|
|
|
|
|
Branches
|
:
|
|
|
|
Subsidiaries and Participation
|
:
|
|
|
|
Bankers
|
:
|
|
-
|
BSB Bank (Switzerland)
|
|
|
-
|
Luminor
|
|
|
|
|
|
|
|
Clients
|
:
|
About 30 Severstal, Metalinvest, etc.
|
|
|
Suppliers
|
:
|
About 20 Evraz, Chelyabinskiy
metallurgicheskiy zavod, etc.
|
|
|
Other associated Companies
|
:
|
None
|
|
|
Litigation
|
:
|
|
|
|
|
There are no warnings recorded by the State
Register. There are no registered legal actions against company required.
|
|
|
Remarks on payment
|
:
|
|
|
|
|
Debts to Estonian government: By the Tax
Authorities there are no tax debts registered on the subject. Other debts: No
current records on defaulted payments are reported by local debt collection
companies. databases: No current
records are reported on the company required.
|
|
|
Business mortgages
|
:
|
|
|
Financial
|
Financial Elements
|
:
|
The company hasn't submitted the Financial
statements for 2017 to the official sources yet. The Financial statements for
2017 were provided by company's administration. According to the information
from Customs Department: Turnover: 221 022.06 EUR (period 01/12/2017 -
28/02/2018)
|
|
|
Period, months
|
12
|
|
12
|
|
12
|
|
|
Ended
|
31.12.2017
|
|
31.12.2016
|
|
31.12.2015
|
|
|
Currency
|
EUR
|
|
EUR
|
|
EUR
|
|
|
|
===== BALANCE SHEET ====================
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
--- A S S E T S --------------------
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-CURRENT ASSETS
|
|
|
|
|
|
|
|
- Intangible assets
|
|
|
|
|
|
|
|
- Fixed assets
|
518 681.00
|
|
133 020.00
|
|
81 499.00
|
|
|
- Investments in tangible assets
|
|
|
|
|
|
|
|
- Financial assets
|
|
|
|
|
|
|
|
- Other non-current assets
|
|
|
|
|
|
|
|
Non-current assets total
|
518 681.00
|
|
133 020.00
|
|
81 499.00
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
|
- Stock
|
12 666 653.00
|
|
14 138 619.00
|
|
9 144 783.00
|
|
|
- Debtors
|
13 022 275.00
|
|
11 686 024.00
|
|
7 326 551.00
|
|
|
- Other receivables
|
|
|
|
|
|
|
|
- Short-term financial investments
|
|
|
|
|
|
|
|
- Cash
|
905 975.00
|
|
3 625 817.00
|
|
1 373 545.00
|
|
|
- Other current assets
|
|
|
|
|
|
|
|
Current assets total
|
26 594 903.00
|
|
29 450 460.00
|
|
17 844 879.00
|
|
|
|
|
|
|
|
|
|
|
Assets total
|
27 113 584.00
|
|
29 583 480.00
|
|
17 926 378.00
|
|
|
|
|
|
|
|
|
|
|
--- EQUITY AND LIABILITIES ---------
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL AND RESERVES
|
|
|
|
|
|
|
|
- Share capital
|
2 500.00
|
|
2 500.00
|
|
2 500.00
|
|
|
- Additional capital
|
|
|
|
|
|
|
|
- Other capital
|
|
|
|
|
|
|
|
- Reserve capital
|
10 613.00
|
|
1 403 358.00
|
|
1 065 226.00
|
|
|
- Retained earnings (Non-covered loss)
|
12 545 372.00
|
|
7 857 531.00
|
|
5 241 407.00
|
|
|
Capital and reserves total
|
12 558 485.00
|
|
9 263 389.00
|
|
6 309 133.00
|
|
|
|
|
|
|
|
|
|
|
Provisions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LONG-TERM LIABILITIES
|
|
|
|
|
|
|
|
- Loans and credits
|
|
|
13 841.00
|
|
28 620.00
|
|
|
-
long-term amounts owed to banks
|
|
|
|
|
|
|
|
- Other long-term liabilities
|
383 376.00
|
|
|
|
|
|
|
Long-term liabilities total
|
383 376.00
|
|
13 841.00
|
|
28 620.00
|
|
|
|
|
|
|
|
|
|
|
SHORT-TERM LIABILITIES
|
|
|
|
|
|
|
|
- Loans and credits
|
6 214 372.00
|
|
7 760 856.00
|
|
7 334 335.00
|
|
|
-
short-term amounts owed to banks
|
|
|
|
|
|
|
|
- Creditors
|
7 957 351.00
|
|
12 545 394.00
|
|
4 254 290.00
|
|
|
-
trade debts
|
6 265 623.00
|
|
10 421 045.00
|
|
2 828 996.00
|
|
|
-
accrued payroll
|
39 393.00
|
|
35 845.00
|
|
33 855.00
|
|
|
-
tax liabilities
|
12 677.00
|
|
10 796.00
|
|
9 993.00
|
|
|
-
other creditors
|
1 039 121.00
|
|
470 481.00
|
|
281 595.00
|
|
|
-
advances received
|
600 536.00
|
|
1 607 227.00
|
|
1 099 851.00
|
|
|
- Dividends in arrears
|
|
|
|
|
|
|
|
- Accrued income, deferred charges
|
|
|
|
|
|
|
|
- Other short-term liabilities
|
|
|
|
|
|
|
|
Short-term liabilities total
|
14 171 723.00
|
|
20 306 250.00
|
|
11 588 625.00
|
|
|
|
|
|
|
|
|
|
|
Liabilities total
|
14 555 099.00
|
|
20 320 091.00
|
|
11 617 245.00
|
|
|
Equity and liabilities total
|
27 113 584.00
|
|
29 583 480.00
|
|
17 926 378.00
|
|
|
|
|
|
|
|
|
|
|
===== PROFIT AND LOSS ACCOUNT ==========
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ORDINARY ACTIVITY INCOME AND CHARGES
|
|
|
|
|
|
|
|
Net sales
|
168 960 104.00
|
|
106 647 751.00
|
|
90 709 546.00
|
|
|
Cost of goods sold
|
162 999 800.00
|
|
103 562 358.00
|
|
88 924 289.00
|
|
|
Gross profit
|
|
|
|
|
|
|
|
Distribution costs
|
286 012.00
|
|
260 508.00
|
|
239 783.00
|
|
|
Administrative and management costs
|
|
|
|
|
|
|
|
Profit on sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING INCOME AND CHARGES
|
|
|
|
|
|
|
|
Interest receivable
|
|
|
|
|
|
|
|
Interest payable
|
|
|
|
|
|
|
|
Income from participating interests
|
|
|
|
|
|
|
|
Other operating income
|
45 185.00
|
|
41 864.00
|
|
185 477.00
|
|
|
Other operating charges
|
923 008.00
|
|
640 667.00
|
|
55 568.00
|
|
|
Operating profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT INCOME AND CHARGES
|
|
|
|
|
|
|
|
Investment income less charges
|
16 372.00
|
|
390 042.00
|
|
-1 548 622.00
|
|
|
|
|
|
|
|
|
|
|
Profit before taxation
|
|
|
2 616 124.00
|
|
126 761.00
|
|
|
Income-tax and other similar payments
|
25 000.00
|
|
|
|
50 000.00
|
|
|
Profit (loss) from ordinary activity
|
|
|
|
|
|
|
|
Extraordinary income less charges
|
|
|
|
|
|
|
|
Net profit
|
4 787 841.00
|
|
2 616 124.00
|
|
76 761.00
|
|
|
|
|
|
|
|
|
|
|
|
- - - - - - - KEY RATIOS - - - - - - -
|
|
|
|
|
|
|
|
Return on sales, %
|
|
|
2.45
|
|
0.14
|
|
|
Profit before taxation / Net sales
|
|
|
|
|
|
|
|
Operating margin of profit, %
|
|
|
|
|
|
|
|
Operating profit / Net sales
|
|
|
|
|
|
|
|
Return on investment, %
|
|
|
28.24
|
|
2.01
|
|
|
Profit
before taxation / Equity
|
|
|
|
|
|
|
|
Current assets turnover
|
6.35
|
|
3.62
|
|
5.08
|
|
|
Net sales / Current assets
|
|
|
|
|
|
|
|
Working capital
|
12 423 180.00
|
|
9 144 210.00
|
|
6 256 254.00
|
|
|
Current assets - Short-term liabilities
|
|
|
|
|
|
|
|
Leverage
|
0.46
|
|
0.31
|
|
0.35
|
|
|
Equity / Total assets
|
|
|
|
|
|
|
|
Current ratio
|
1.88
|
|
1.45
|
|
1.54
|
|
|
Current assets / Short-term liabilities
|
|
|
|
|
|
|
|
Quick ratio
|
0.98
|
|
0.75
|
|
0.75
|
|
|
(Current assets - Stock) / Short-term liabilities
|
|
|
|
|
|
|
|
Debt-to-equity ratio
|
1.16
|
|
2.19
|
|
1.84
|
|
|
Total liabilities / Equity
|
|
|
|
|
|
|
|
Debtor days
|
28.13
|
|
40.00
|
|
29.48
|
|
|
Debtors / Net sales *365
|
|
|
|
|
|
|
|
Creditor days
|
14.03
|
|
36.73
|
|
11.61
|
|
|
Trade debts / Cost of goods sold *365
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxes paid: In Q1 2018, the company paid:
75 561.30 EUR as state taxes 34 170.16 EUR as payroll taxes
|
|
|
FINAL COMMENTS
|
|
|
|
We contacted Mrs Anna Khachaturyan,
Director of Finances, by the ph.number +372 7660134 and she provided us
with the general information about the company and sent the Financial
statements for 2017.
|
|
|
|
|
|
APPENDIX A
|
|
|
|
Financial Statements
|
|
Period, months
|
12
|
|
12
|
|
12
|
|
|
Ended
|
31.12.2017
|
|
31.12.2016
|
|
31.12.2015
|
|
|
Currency
|
EUR
|
|
EUR
|
|
EUR
|
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A S S E T S
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
|
1.
CASH IN BANK AND IN HAND
|
905 975.00
|
|
3 625 817.00
|
|
1 373 545.00
|
|
|
2. SHORT-TERM FINANCIAL INVESTMENTS
|
|
|
|
|
|
|
|
3. RECEIVABLES AND PREPAYMENTS
|
|
|
|
|
|
|
|
3.1 Customer receivables
|
11 992 612.00
|
|
10 101 414.00
|
|
7 042 194.00
|
|
|
3.2. Prepaid and deferred taxes
|
|
|
1 876.00
|
|
5 679.00
|
|
|
3.3. Other short-term receivables
|
1 029 663.00
|
|
1 582 734.00
|
|
278 678.00
|
|
|
3.4. Prepaid services
|
|
|
|
|
|
|
|
3. RECEIVABLES AND PREPAYMENTS TOTAL
|
13 022 275.00
|
|
11 686 024.00
|
|
7 326 551.00
|
|
|
|
|
|
|
|
|
|
4. INVENTORIES
|
|
|
|
|
|
|
|
4.1
Raw materials
|
|
|
|
|
|
|
|
4.2
Work in progress
|
|
|
|
|
|
|
|
4.3
Finished goods
|
|
|
|
|
|
|
|
4.4
Goods for resale
|
12 220 225.00
|
|
12 552 237.00
|
|
6 174 642.00
|
|
|
4.5
Prepayments for inventories
|
446 428.00
|
|
1 586 382.00
|
|
2 970 141.00
|
|
|
4. INVENTORIES TOTAL
|
12 666 653.00
|
|
14 138 619.00
|
|
9 144 783.00
|
|
|
5. BIOLOGICAL ASSETS
|
|
|
|
|
|
|
|
6. NON-CURRENT ASSETS HELD FOR SALE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS
|
26 594 903.00
|
|
29 450 460.00
|
|
17 844 879.00
|
|
|
|
|
|
|
|
|
|
NON-CURRENT ASSETS
|
|
|
|
|
|
|
|
7. LONG-TERM FINANCIAL INVESTMENTS
|
|
|
|
|
|
|
|
7.1
Shares in subsidiary companies
|
|
|
|
|
|
|
|
7.2
Shares in associates
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.3
Other shares and securities
|
|
|
|
|
|
|
|
7.4
Long-term accounts receivable
|
|
|
|
|
|
|
|
7. LONG-TERM FINANCIAL INVESTMENTS TOTAL
|
|
|
|
|
|
|
|
8. INVESTMENT PROPERTIES
|
|
|
|
|
|
|
|
9. TANGIBLE ASSETS
|
|
|
|
|
|
|
|
9.1. Land
|
|
|
|
|
|
|
|
9.2. Buildings
|
|
|
|
|
|
|
|
9.3. Machinery and equipment
|
518 681.00
|
|
93 295.00
|
|
93 295.00
|
|
|
9.4. Other tangible assets
|
|
|
|
|
|
|
|
9.5. Construction-in-progress and
prepayments for
|
|
|
70 337.00
|
|
|
|
|
tangible assets
|
|
|
|
|
|
|
|
9.6.
Accumulated depreciation (-)
|
|
|
30 612.00
|
|
11 796.00
|
|
|
9. TANGIBLE ASSETS TOTAL
|
518 681.00
|
|
133 020.00
|
|
81 499.00
|
|
|
10. BIOLOGICAL ASSETS
|
|
|
|
|
|
|
|
11. INTANGIBLE ASSETS
|
|
|
|
|
|
|
|
11.1. Goodwill
|
|
|
|
|
|
|
|
11.2. Development costs
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11.3. Other intangible assets
|
|
|
|
|
|
|
|
11.4. Prepayments for intangible assets
|
|
|
|
|
|
|
|
11. INTANGIBLE ASSETS TOTAL
|
|
|
|
|
|
|
|
NON-CURRENT ASSETS TOTAL
|
518 681.00
|
|
133 020.00
|
|
81 499.00
|
|
|
TOTAL ASSETS
|
27 113 584.00
|
|
29 583 480.00
|
|
17 926 378.00
|
|
|
|
|
|
|
|
|
|
SHORT-TERM LIABILITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12. LOAN LIABILITIES
|
|
|
|
|
|
|
|
12.1. Short-term loans and notes
|
|
|
7 748 881.00
|
|
7 304 610.00
|
|
|
12.2. Current portion of long-term debt
|
|
|
|
|
|
|
|
12.3. Convertible debts
|
|
|
11 975.00
|
|
29 725.00
|
|
|
12. LOAN LIABILITIES TOTAL
|
6 214 372.00
|
|
7 760 856.00
|
|
7 334 335.00
|
|
|
13. DEBTS AND PAYABLES
|
|
|
|
|
|
|
|
13.1. Supplier payables
|
6 265 623.00
|
|
10 421 045.00
|
|
2 828 996.00
|
|
|
13.2. Employee-related liabilities
|
39 393.00
|
|
35 845.00
|
|
33 855.00
|
|
|
13.3. Taxes payable
|
12 677.00
|
|
10 796.00
|
|
9 993.00
|
|
|
13.4. Other debts
|
1 039 121.00
|
|
470 481.00
|
|
281 595.00
|
|
|
13.5. Prepayments received
|
600 536.00
|
|
1 607 227.00
|
|
1 099 851.00
|
|
|
13. DEBTS AND PAYABLES TOTAL
|
7 957 351.00
|
|
12 545 394.00
|
|
4 254 290.00
|
|
|
14. SHORT-TERM PROVISIONS
|
|
|
|
|
|
|
|
15. TARGETED FINANCING
|
|
|
|
|
|
|
|
SHORT-TERM LIABILITIES TOTAL
|
14 171 723.00
|
|
20 306 250.00
|
|
11 588 625.00
|
|
|
|
|
|
|
|
|
|
LONG-TERM LIABILITIES
|
|
|
|
|
|
|
|
16. LONG-TERM LOAN LIABILITIES
|
|
|
|
|
|
|
|
16.1. Loans, notes and financial lease
payables
|
|
|
13 841.00
|
|
28 620.00
|
|
|
|
|
|
|
|
|
|
16.2. Covertible debts
|
|
|
|
|
|
|
|
16. LONG-TERM LOAN LIABILITIES TOTAL
|
|
|
13 841.00
|
|
28 620.00
|
|
|
|
|
|
|
|
|
|
17. OTHER LONG-TERM DEBTS
|
383 376.00
|
|
|
|
|
|
|
18. LONG-TERM PROVISIONS
|
|
|
|
|
|
|
|
19. TARGETED FINANCING
|
|
|
|
|
|
|
|
LONG-TERM LIABILITIES TOTAL
|
383 376.00
|
|
13 841.00
|
|
28 620.00
|
|
|
LIABILITIES TOTAL
|
14 555 099.00
|
|
20 320 091.00
|
|
11 617 245.00
|
|
|
|
|
|
|
|
|
|
20. SHARE CAPITAL
|
2 500.00
|
|
2 500.00
|
|
2 500.00
|
|
|
20.a. OTHER CAPITAL
|
|
|
|
|
|
|
|
21. UNREGISTERED SHARE CAPITAL
|
|
|
|
|
|
|
|
22. SHARE PREMIUM
|
|
|
|
|
|
|
|
23. LESS TREASURY SHARES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24. Statutory legal reserve
|
|
|
1 403 358.00
|
|
1 065 226.00
|
|
|
|
|
|
|
|
|
|
25. Other reserves
|
10 613.00
|
|
|
|
|
|
|
26. RETAINED EARNINGS
|
7 757 531.00
|
|
5 241 407.00
|
|
5 164 646.00
|
|
|
27. NET PROFIT/ LOSS FOR FINANCIAL YEAR
|
4 787 841.00
|
|
2 616 124.00
|
|
76 761.00
|
|
|
|
|
|
|
|
|
|
EQUITY TOTAL
|
12 558 485.00
|
|
9 263 389.00
|
|
6 309 133.00
|
|
|
EQUITY AND LIABILITIES TOTAL
|
27 113 584.00
|
|
29 583 480.00
|
|
17 926 378.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCOME STATEMENT format 1 or 2
|
|
|
|
|
|
|
|
1. NET SALES format 1
|
168 960 104.00
|
|
106 647 751.00
|
|
90 709 546.00
|
|
|
2. Other income
|
45 185.00
|
|
41 864.00
|
|
185 477.00
|
|
|
3. Change in inventories of agricultural
goods
|
|
|
|
|
|
|
|
4. Profit (loss) on biological
inventories
|
|
|
|
|
|
|
|
5. Changes in inventories of finished
goods and work in
|
|
|
|
|
|
|
|
progress
|
|
|
|
|
|
|
|
6. Work performed by the undertaking for
its own purpose
|
|
|
|
|
|
|
|
and
capital
|
|
|
|
|
|
|
|
7. Goods, raw materials and services
|
162 999 800.00
|
|
103 562 358.00
|
|
88 924 289.00
|
|
|
8. Other operating expenses
|
878 741.00
|
|
615 815.00
|
|
29 986.00
|
|
|
9. STAFF COSTS
|
|
|
|
|
|
|
|
9.a. Wages and salaries
|
286 012.00
|
|
194 779.00
|
|
179 366.00
|
|
|
9.b. Social security costs
|
|
|
65 729.00
|
|
60 417.00
|
|
|
9.c. Pension expenses
|
|
|
|
|
|
|
|
9.d. Other employee expenses
|
|
|
|
|
|
|
|
9. STAFF COSTS TOTAL
|
286 012.00
|
|
260 508.00
|
|
239 783.00
|
|
|
10. Depreciation and impairment of fixed
assets
|
37 590.00
|
|
20 466.00
|
|
20 418.00
|
|
|
11. Other expenses
|
6 677.00
|
|
4 386.00
|
|
5 164.00
|
|
|
|
|
|
|
|
|
|
1. NET SALES format 2
|
|
|
|
|
|
|
|
2. Change in inventories of agricultural
goods
|
|
|
|
|
|
|
|
3. Profit (loss) on biological
inventories
|
|
|
|
|
|
|
|
4. Cost of sales
|
|
|
|
|
|
|
|
GROSS
PROFIT (LOSS)
|
|
|
|
|
|
|
|
5. Marketing expenses
|
|
|
|
|
|
|
|
6. Administration and general expenses
|
|
|
|
|
|
|
|
7. Other income
|
|
|
|
|
|
|
|
8. Other expenses
|
|
|
|
|
|
|
|
OPERATING
PROFIT (LOSS)
|
4 796 469.00
|
|
2 226 082.00
|
|
1 675 383.00
|
|
|
|
|
|
|
|
|
|
12. FINANCIAL INCOME AND EXPENSES
|
|
|
|
|
|
|
|
12.a. Financial income and expenses from
shares in subsidiaries
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.b. Financial income and expenses from
shares in associates
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.c. Financial income and expenses from
long-term
|
|
|
|
|
|
|
|
financial investments
|
|
|
|
|
|
|
|
12.d. Interest expense
|
|
|
230 282.00
|
|
313 222.00
|
|
|
12.e. Profit (loss) on converting of
foreign currencies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.f. Other financial income and expenses
|
|
|
620 324.00
|
|
-1 235 400.00
|
|
|
12. TOTAL FINANCIAL INCOME AND EXPENSES
|
16 372.00
|
|
390 042.00
|
|
-1 548 622.00
|
|
|
PROFIT(LOSS) ON ORDINARY ACTIVITIES
|
|
|
2 616 124.00
|
|
126 761.00
|
|
|
|
|
|
|
|
|
|
13. Income tax expense
|
25 000.00
|
|
|
|
50 000.00
|
|
|
NET
PROFIT (LOSS) FOR FINANCIAL YEAR
|
4 787 841.00
|
|
2 616 124.00
|
|
76 761.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 31.12.2014
|
:
|
|
Fiscal period: 12 month(s),
currency: EUR
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
A S S E T S
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
1.
CASH IN BANK AND IN HAND
|
1 592 199.00
|
|
|
2. SHORT-TERM FINANCIAL INVESTMENTS
|
|
|
|
3. RECEIVABLES AND PREPAYMENTS
|
|
|
|
3.1 Customer receivables
|
5 929 396.00
|
|
|
3.2. Prepaid and deferred taxes
|
20 881.00
|
|
|
3.3. Other short-term receivables
|
631 977.00
|
|
|
3.4. Prepaid services
|
|
|
|
3. RECEIVABLES AND PREPAYMENTS TOTAL
|
6 582 254.00
|
|
|
|
|
|
4. INVENTORIES
|
|
|
|
4.1
Raw materials
|
|
|
|
4.2
Work in progress
|
|
|
|
4.3
Finished goods
|
|
|
|
4.4
Goods for resale
|
7 891 640.00
|
|
|
4.5
Prepayments for inventories
|
35 901.00
|
|
|
4. INVENTORIES TOTAL
|
7 927 541.00
|
|
|
5. BIOLOGICAL ASSETS
|
|
|
|
6. NON-CURRENT ASSETS HELD FOR SALE
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS
|
16 101 994.00
|
|
|
|
|
|
NON-CURRENT ASSETS
|
|
|
|
7. LONG-TERM FINANCIAL INVESTMENTS
|
|
|
|
7.1
Shares in subsidiary companies
|
|
|
|
7.2
Shares in associates
|
|
|
|
|
|
|
7.3
Other shares and securities
|
|
|
|
7.4
Long-term accounts receivable
|
|
|
|
7. LONG-TERM FINANCIAL INVESTMENTS TOTAL
|
|
|
|
8. INVESTMENT PROPERTIES
|
|
|
|
9. TANGIBLE ASSETS
|
|
|
|
9.1. Land
|
|
|
|
9.2. Buildings
|
|
|
|
9.3. Machinery and equipment
|
93 295.00
|
|
|
9.4. Other tangible assets
|
|
|
|
9.5. Construction-in-progress and
prepayments for
|
|
|
|
tangible assets
|
|
|
|
9.6.
Accumulated depreciation (-)
|
1 555.00
|
|
|
9. TANGIBLE ASSETS TOTAL
|
91 740.00
|
|
|
10. BIOLOGICAL ASSETS
|
|
|
|
11. INTANGIBLE ASSETS
|
|
|
|
11.1. Goodwill
|
|
|
|
11.2. Development costs
|
|
|
|
|
|
|
11.3. Other intangible assets
|
|
|
|
11.4. Prepayments for intangible assets
|
|
|
|
11. INTANGIBLE ASSETS TOTAL
|
|
|
|
NON-CURRENT ASSETS TOTAL
|
91 740.00
|
|
|
TOTAL ASSETS
|
16 193 734.00
|
|
|
|
|
|
SHORT-TERM LIABILITIES
|
|
|
|
|
|
|
12. LOAN LIABILITIES
|
|
|
|
12.1. Short-term loans and notes
|
6 805 048.00
|
|
|
12.2. Current portion of long-term debt
|
|
|
|
12.3. Convertible debts
|
28 821.00
|
|
|
12. LOAN LIABILITIES TOTAL
|
6 833 869.00
|
|
|
13. DEBTS AND PAYABLES
|
|
|
|
13.1. Supplier payables
|
2 272 259.00
|
|
|
13.2. Employee-related liabilities
|
32 474.00
|
|
|
13.3. Taxes payable
|
12 001.00
|
|
|
13.4. Other debts
|
108 828.00
|
|
|
13.5. Prepayments received
|
1 097 634.00
|
|
|
13. DEBTS AND PAYABLES TOTAL
|
3 523 196.00
|
|
|
14. SHORT-TERM PROVISIONS
|
|
|
|
15. TARGETED FINANCING
|
|
|
|
SHORT-TERM LIABILITIES TOTAL
|
10 357 065.00
|
|
|
|
|
|
LONG-TERM LIABILITIES
|
|
|
|
16. LONG-TERM LOAN LIABILITIES
|
|
|
|
16.1. Loans, notes and financial lease
payables
|
58 359.00
|
|
|
|
|
|
16.2. Covertible debts
|
|
|
|
16. LONG-TERM LOAN LIABILITIES TOTAL
|
58 359.00
|
|
|
|
|
|
17. OTHER LONG-TERM DEBTS
|
|
|
|
18. LONG-TERM PROVISIONS
|
|
|
|
19. TARGETED FINANCING
|
|
|
|
LONG-TERM LIABILITIES TOTAL
|
58 359.00
|
|
|
LIABILITIES TOTAL
|
10 415 424.00
|
|
|
|
|
|
20. SHARE CAPITAL
|
2 500.00
|
|
|
20.a. OTHER CAPITAL
|
|
|
|
21. UNREGISTERED SHARE CAPITAL
|
|
|
|
22. SHARE PREMIUM
|
|
|
|
23. LESS TREASURY SHARES
|
|
|
|
|
|
|
24. Statutory legal reserve
|
411 164.00
|
|
|
|
|
|
25. Other reserves
|
|
|
|
26. RETAINED EARNINGS
|
3 736 571.00
|
|
|
27. NET PROFIT/ LOSS FOR FINANCIAL YEAR
|
1 628 075.00
|
|
|
|
|
|
EQUITY TOTAL
|
5 778 310.00
|
|
|
EQUITY AND LIABILITIES TOTAL
|
16 193 734.00
|
|
|
|
|
|
|
|
|
INCOME STATEMENT format 1 or 2
|
|
|
|
1. NET SALES format 1
|
114 165 726.00
|
|
|
2. Other income
|
7 944.00
|
|
|
3. Change in inventories of agricultural
goods
|
|
|
|
4. Profit (loss) on biological inventories
|
|
|
|
5. Changes in inventories of finished
goods and work in
|
|
|
|
progress
|
|
|
|
6. Work performed by the undertaking for
its own purpose
|
|
|
|
and
capital
|
|
|
|
7. Goods, raw materials and services
|
110 887 869.00
|
|
|
8. Other operating expenses
|
430 619.00
|
|
|
9. STAFF COSTS
|
|
|
|
9.a. Wages and salaries
|
154 152.00
|
|
|
9.b. Social security costs
|
52 320.00
|
|
|
9.c. Pension expenses
|
|
|
|
9.d. Other employee expenses
|
|
|
|
9. STAFF COSTS TOTAL
|
206 472.00
|
|
|
10. Depreciation and impairment of fixed
assets
|
1 421.00
|
|
|
11. Other expenses
|
6 260.00
|
|
|
|
|
|
1. NET SALES format 2
|
|
|
|
2. Change in inventories of agricultural
goods
|
|
|
|
3. Profit (loss) on biological
inventories
|
|
|
|
4. Cost of sales
|
|
|
|
GROSS
PROFIT (LOSS)
|
|
|
|
5. Marketing expenses
|
|
|
|
6. Administration and general expenses
|
|
|
|
7. Other income
|
|
|
|
8. Other expenses
|
|
|
|
OPERATING
PROFIT (LOSS)
|
2 641 029.00
|
|
|
|
|
|
12. FINANCIAL INCOME AND EXPENSES
|
|
|
|
12.a. Financial income and expenses from
shares in subsidiaries
|
|
|
|
|
|
|
12.b. Financial income and expenses from
shares in associates
|
|
|
|
|
|
|
12.c. Financial income and expenses from
long-term
|
|
|
|
financial investments
|
|
|
|
12.d. Interest expense
|
269 629.00
|
|
|
12.e. Profit (loss) on converting of
foreign currencies
|
|
|
|
|
|
|
12.f. Other financial income and expenses
|
743 325.00
|
|
|
12. TOTAL FINANCIAL INCOME AND EXPENSES
|
-1 012 954.00
|
|
|
PROFIT(LOSS) ON ORDINARY ACTIVITIES
|
1 628 075.00
|
|
|
|
|
|
13. Income tax expense
|
|
|
|
NET
PROFIT (LOSS) FOR FINANCIAL YEAR
|
1 628 075.00
|
|
|
|
|
|
|
|
|
|
|
|
Currency
|
Unit
|
Indian Rupees
|
|
US Dollar
|
1
|
INR 67.63
|
|
UK Pound
|
1
|
INR 89.70
|
|
Euro
|
1
|
INR 78.20
|
|
EURO
|
1
|
INR 78.83
|
Note :
Above are approximate rates obtained from sources believed to be correct
|
Analysis Done by
:
|
PRI
|
|
|
|
|
Report Prepared
by :
|
POJ
|
|
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.
|
|
