Business Information Report This report has been compiled for D&B users by Bonitetna hi ša I, d.o.o., Ljubljana, Zrinjskega 4, Slovenija, Telephone: +386 1 234 29 40, Fax: +386 1 234 29 58, E-mail: [email protected], www.idoo.si. All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom. Reference I, d.o.o, Ljubljana - 16.03.2010 10:21:48 Identification BREDA D.O.O. Trading style: A Dummy Demo Report Cesta Dveh Telebanov 62 SI - 9220 Piran Slovenia Telephone: +3862 3456731 , +3862 8765421 Telefax: +3862 3237198 E-Mail: [email protected]Web Address: www.breda.si DUNS: 36-619-6041 REG NO: 1234567 VAT number: SI1345678 Parent Details: Investbanka Piranka Piranska bb SI - PIRAN Slovenia DUNS: 36 - 019 - 4659 D&B RATING: 3A2 FORMER RATING: 3A1 CONDITION: Good TREND: Even AVG CREDIT: 962,000 EUR D&B PAYMENT SCORE: 76 AVG PAYMENTS: 4 days beyond terms Any amounts hereafter are in local currency unless otherwise stated. Summary STARTED 1960 YEAR INC 1991 LEGAL FORM Private Limited Liability Company REG NO 1234567 EMPLOYS 70 SIC 2851 ACTIVITY (SIC) Paints and allied products SKD 20.3 ACTIVITY (SKD 2008) Manufacture of paints, varnishes and similar coatings, printing ink and mastics SALES 46,855,00 PROFIT 825,00 NET WORTH 12,281,00 NOM CAPITAL 1,208,54 Principals Miran Tiran , Managing Director Bogi Nemani č, Financial Director Jožko Umnik , Technical Director Metka Zvitorepec , Sales director
Transcript
Business Information Report
This report has been compiled for D&B users by Bonitetna hiša I, d.o.o., Ljubljana, Zrinjskega 4, Slovenija, Telephone: +386 1 234 29 40, Fax: +386 1 234 29 58, E-mail: [email protected], www.idoo.si.
All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom.
D&B Payment Score 76 On average, this businesspays its bills 4 days beyond terms.
Each of the following lines represents a separate invoice.
invoice date amount invoiced paymentSeptember 2009 500 Slow up to 30 daysSeptember 2009 500 Slow up to 15 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 Slow up to 30 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 PromptAugust 2009 500 Slow up to 30 daysAugust 2009 500 PromptAugust 2009 500 PromptAugust 2009 2,000 PromptAugust 2009 2,000 PromptJuly 2009 500 PromptJuly 2009 500 PromptJuly 2009 2,000 PromptJuly 2009 500 PromptJune 2009 500 PromptJune 2009 500 PromptMay 2009 500 PromptMay 2009 500 Slow up to 15 daysMay 2009 500 PromptApril 2009 2,000 Slow up to 15 daysApril 2009 2,000 Slow up to 15 daysApril 2009 500 PromptApril 2009 500 PromptApril 2009 500 PromptMarch 2009 5,000 PromptMarch 2009 5,000 PromptMarch 2009 200 Slow up to 15 daysMarch 2009 200 PromptMarch 2009 5,000 PromptMarch 2009 5,000 Slow up to 15 daysFebruary 2009 500 Slow up to 15 daysFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 Prompt
Payment experiences reflect how bills are met in relation to the terms granted. In some instances payment beyond terms can be the result of disputes over merchandise, skipped invoices etc. Each experience shown represents a separate account reported by a supplier. Updated payment experiences replace those previously reported. Amounts may be rounded to nearest figure in prescribed ranges.
Principals Antecedents
Miran Tiran , Managing DirectorBorn: February 5, 1951, PIRAN, SloveniaEducation: Bachelor of MechanicsSpeaks: English, Slovenian
Bogi Nemanič, Financial DirectorBorn: July 7, 1953, IZOLA, SloveniaEducation: Bachelor of EconomicsSpeaks: German, Slovenian
Jožko Umnik , Technical DirectorBorn: April 22, 1944, MARIBOR, SloveniaEducation: Engineering DiplomaSpeaks: English, Slovenian
Metka Zvitorepec, Sales directorBorn: February 11, 1948, LJUBLJANA, SloveniaEducation: Bachelor of EconomicsSpeaks: English, Italian, Slovenian
Background
Business started 1960 under the name Tovarna Barvitih Izdelkov. Registered: April 1, 1991 as Private Limited Liability Company.
Legal Form
Private Limited Liability Company registered April 1, 1991.
Registration number: 1234567VAT number: SI1345678
Capital
Nominal capital: 1,208,541, Date of last capitalisation: February 1, 2009
The company is a subsidiary of Investbanka Piranka , DUNS 36-019-4659, SI - PIRAN, Slovenia, which holds 56.55% interest.
Subsidiaries
Tople Barve d.o.o. , PTUJ, SloveniaSubject owns 100.00% of the capital
Sole Verde , Napoli, ItalySubject owns 99.00% of the capital
Breda Kreda France, Armagnac, FranceSubject owns 61.00% of the capital
Branches/Divisions
BREDA D.O.O., SKOPJE, Former Yugoslav Republic of Macedonia. These are office owned.
BREDA D.O.O., ZAGREB, Croatia. These are office owned.BREDA D.O.O., SARAJEVO, Bosnia-Herzegovina. These are office owned.BREDA D.O.O. (predstavništvo / representative office) , BEOGRAD, Serbia and Montenegro. These are office rented.
Subject operates from:owned: factory, office, warehouse covering approximately 5,867 m2.
owned: land plot covering approximately 9,500 m2.
Finances
Fiscal year ends: December 31, 2006in 000's
December 31, 2007in 000's
December 31, 2008in 000's
Turnover 37,578 46,396 46,855Pre-tax Profit 1,403 1,687 825Net Worth 11,756 12,192 12,281Fixed Assets 10,874 11,748 11,094Total Assets 28,572 32,104 33,005Current Assets 17,440 20,093 21,636Current Liabs 13,105 15,235 16,674Working Capital 4,335 4,858 4,962Long and Short Term Debt 16,754 19,899 20,624Financial Assets 189 187 197Intangibles 444 812 807Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.
Turnover Pre-tax profit
Total assets and current assets
RATIOS December 31, 2006 December 31, 2007 December 31, 2008Current Ratio (x) 1.33 1.32 1.30Solvency Ratio (%) 243.04 263.32 268.75Fixed Assets / Net Worth (%) 92.50 96.36 90.33Current Liabs / Net Worth (%) 111.47 124.96 135.77Asset Turnover (%) 140.15 152.93 143.93Sales / Net Working Cap (x) 8.62 10.09 9.54Assets / Sales 71.35 65.39 69.48Profit Margin (%) 3.73 3.64 1.76Shareholders Return 11.95 14.09 6.74Returns on Assets 5.23 5.56 2.53Sales / Employees (in '000s) 442.00 533.00 578.00Profit / Employees (in '000s) 17.00 19.00 10.00
Shareholders Return Return on Assets
Profit Margin Current Ratio
Debt / Total Assets Current Liabs / Net Worth
Balance sheet on December 31, 2008. LIABILITIES in 000'sCapital 13,088Capital stock 1,059Reserves 4,607Net profit or loss carried over 6,657Reevaluation adjustment of capital 134Retained profit or loss 631
Long term provisions 791Long term operating liabilities 36Long term financing liabilities 3,123Short term operating liabilities 7,735Short term financing liabilities 8,939Accruals and deferred income 100
ASSETS in 000'sFixed assets 12,176Intangible long term assets 807Tangible fixed assets 11,094Long term financial investments 197Long term operating receivables 78
Current assets 21,636Stocks 6,449Short term operating receivables 13,931Short term financial investments 907Cash 296Deferred expenses and accrued incomes 53
Total liabilities 33,812 Total assets 33,812
Profit and Loss Account from January 1, 2008 to December 31, 2008.in 000's
Net Sales 46,855Cost of goods, materials and services 38,475Gross Profit 8,380Labour costs 4,809Deprec. of intan.LT assetsand tan. fix.assets 1,723Current assets written off 489Other operating expenses 158Other operating income 240Operating profit or loss 1,441Income from stakes in other companies 32Interest income and other income from financing 63Interest expenses and other financing expenses 677Profit or loss from regular operations 859Extraordinary incomes 20Extraordinary expenses 54Total profit or loss 825Income tax 194Net profit 631
Cash flow statement from January 1, 2008 to December 31, 2008. in 000's
Opening balance of cash and cash equivalents 92Net profit 631Depreciation of intan. long term assets and tan. fixed assets 1,723Difference in stock (390)Difference in long term operating receivables 2Difference in short term operating receivables 1,737Difference in accured income 16Difference in short and long term operating liabilities (1,441)Difference in accruals and deferred income 87Core operating flow (365)Change in intangible fixed assets (5)Change in tangible fixed assets (654)Change in long term financing investment 10Change in short term financing investment (24)Net flow from investments 673Difference in long term financing liabilities (632)Difference in short term financing liabilities 2,891Difference in capital 758Difference in long term provisions (93)Net flow from financing activities 2,924
Closing balance of cash and cash equivalent 296Total cash flow 3,232
The above figures have been abstracted from audited accounts.Auditors: I-Revizija d.o.o., Ljubljana.
March 16, 2010: Miran Tiran Managing Director confirmed this report.
Share structure was provided by official sources on March 15, 2010. Subject stated income in 2009 was approximately 46,900,000 € and that subject is planning to increase its income in 2010 by 5 %.
On January 15, 2007 it was reported in Finance:Subject plans to invest 250,000,000 SIT in modernization of its machinery this year.
On February 12, 2008 it was reported in Finance:Subject plans to expand in year 2008 their operating on new markets in South Europe.
On April 15, 2008 it was reported in Delo:It has been reported that subject plans to establish new subsidiary in Beograd, Serbia&Montenegro. This is part of subjects expansion plans in Eastern Europe.
On June 11, 2008 it was reported in Finance:Subject announced decreased in production.
On October 5, 2008 it was reported in Finance:Subject signed an agreement on joint loan of 42 mio € with a group of foreign banks.
On December 15, 2008 it was reported in Dnevnik:Subject's managing director Miran Tiran stated that subject made 45 employees redundant due to financial crises.
On January 12, 2009 it was reported in Dnevnik:Subject appointed Metka Zvitorepec as new sales director on Januar 8, 2009.
On February 17, 2009 it was reported in STA-Slovenska tiskovna agencija / Slovenian Press Agency:Subject is planning to bulid new factory in Koper until 2010.
On April 8, 2009 it was reported in Dnevnik:Subject made redundant 10 contract employees due to current economic condition.
On June 17, 2009 it was reported in Finance:Subject`s orders for 2009 decreased by 5 %.
On November 9, 2009 it was reported in Dnevnik:Subject decrease wages by 10 %.
Currency
Exchange rate to US Dollar: 1 USD = 0.72 EUR on December 31, 2008
Exchange rate to US Dollar: 1 USD = 0.68 EUR on December 31, 2007
Exchange rate to US Dollar: 1 USD = 0.76 EUR on December 31, 2006
Conclusions
Reporter's opinion: Granting of credit is considered to be a fair trade risk.On average, this business pays its bills 4 days beyond terms.
D&B rating of 3A2 indicates:Financial strength of USD 12 - 25 million (based on net worth capital) and an overall condition which is Good (low risk).
Bonitetna hiša I, d.o.o., Ljubljana, Ulica Janeza Pavla II 8 (prej: Zrinjskega 4) phone. +386 1 234 29 40, fax. +386 1 234 29 58 [email protected] www.idoo.si
This report has been compiled for D&B users by Bonitetna hiša I, d.o.o., Ljubljana, Zrinjskega 4, Slovenija, Telephone: +386 1 234 29 40, Fax: +386 1 234 29 58, E-mail: [email protected], www.idoo.si.
All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom.
D&B Payment Score 76 On average, this businesspays its bills 4 days beyond terms.
Each of the following lines represents a separate invoice.
invoice date amount invoiced paymentSeptember 2009 500 Slow up to 30 daysSeptember 2009 500 Slow up to 15 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 Slow up to 30 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 PromptAugust 2009 500 Slow up to 30 daysAugust 2009 500 PromptAugust 2009 500 PromptAugust 2009 2,000 PromptAugust 2009 2,000 PromptJuly 2009 500 PromptJuly 2009 500 PromptJuly 2009 2,000 PromptJuly 2009 500 PromptJune 2009 500 PromptJune 2009 500 PromptMay 2009 500 PromptMay 2009 500 Slow up to 15 daysMay 2009 500 PromptApril 2009 2,000 Slow up to 15 daysApril 2009 2,000 Slow up to 15 daysApril 2009 500 PromptApril 2009 500 PromptApril 2009 500 PromptMarch 2009 5,000 PromptMarch 2009 5,000 PromptMarch 2009 200 Slow up to 15 daysMarch 2009 200 PromptMarch 2009 5,000 PromptMarch 2009 5,000 Slow up to 15 daysFebruary 2009 500 Slow up to 15 daysFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 Prompt
Payment experiences reflect how bills are met in relation to the terms granted. In some instances payment beyond terms can be the result of disputes over merchandise, skipped invoices etc. Each experience shown represents a separate account reported by a supplier. Updated payment experiences replace those previously reported. Amounts may be rounded to nearest figure in prescribed ranges.
Principals Antecedents
Miran Tiran , Managing DirectorBorn: February 5, 1951, PIRAN, SloveniaEducation: Bachelor of MechanicsSpeaks: English, Slovenian
Bogi Nemanič, Financial DirectorBorn: July 7, 1953, IZOLA, SloveniaEducation: Bachelor of EconomicsSpeaks: German, Slovenian
Jožko Umnik , Technical DirectorBorn: April 22, 1944, MARIBOR, SloveniaEducation: Engineering DiplomaSpeaks: English, Slovenian
Metka Zvitorepec, Sales directorBorn: February 11, 1948, LJUBLJANA, SloveniaEducation: Bachelor of EconomicsSpeaks: English, Italian, Slovenian
Background
Business started 1960 under the name Tovarna Barvitih Izdelkov. Registered: April 1, 1991 as Private Limited Liability Company.
Legal Form
Private Limited Liability Company registered April 1, 1991.
Registration number: 1234567VAT number: SI1345678
Capital
Nominal capital: 1,208,541, Date of last capitalisation: February 1, 2009
The company is a subsidiary of Investbanka Piranka , DUNS 36-019-4659, SI - PIRAN, Slovenia, which holds 56.55% interest.
Subsidiaries
Tople Barve d.o.o. , PTUJ, SloveniaSubject owns 100.00% of the capital
Sole Verde , Napoli, ItalySubject owns 99.00% of the capital
Breda Kreda France, Armagnac, FranceSubject owns 61.00% of the capital
Branches/Divisions
BREDA D.O.O., SKOPJE, Former Yugoslav Republic of Macedonia. These are office owned.
BREDA D.O.O., ZAGREB, Croatia. These are office owned.BREDA D.O.O., SARAJEVO, Bosnia-Herzegovina. These are office owned.BREDA D.O.O. (predstavništvo / representative office) , BEOGRAD, Serbia and Montenegro. These are office rented.
Subject operates from:owned: factory, office, warehouse covering approximately 5,867 m2.
owned: land plot covering approximately 9,500 m2.
Finances
Fiscal year ends: December 31, 2006in 000's
December 31, 2007in 000's
December 31, 2008in 000's
Turnover 37,578 46,396 46,855Pre-tax Profit 1,403 1,687 825Net Worth 11,756 12,192 12,281Fixed Assets 10,874 11,748 11,094Total Assets 28,572 32,104 33,005Current Assets 17,440 20,093 21,636Current Liabs 13,105 15,235 16,674Working Capital 4,335 4,858 4,962Long and Short Term Debt 16,754 19,899 20,624Financial Assets 189 187 197Intangibles 444 812 807Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.
Turnover Pre-tax profit
Total assets and current assets
RATIOS December 31, 2006 December 31, 2007 December 31, 2008Current Ratio (x) 1.33 1.32 1.30Solvency Ratio (%) 243.04 263.32 268.75Fixed Assets / Net Worth (%) 92.50 96.36 90.33Current Liabs / Net Worth (%) 111.47 124.96 135.77Asset Turnover (%) 140.15 152.93 143.93Sales / Net Working Cap (x) 8.62 10.09 9.54Assets / Sales 71.35 65.39 69.48Profit Margin (%) 3.73 3.64 1.76Shareholders Return 11.95 14.09 6.74Returns on Assets 5.23 5.56 2.53Sales / Employees (in '000s) 442.00 533.00 578.00Profit / Employees (in '000s) 17.00 19.00 10.00
Shareholders Return Return on Assets
Profit Margin Current Ratio
Debt / Total Assets Current Liabs / Net Worth
Balance sheet on December 31, 2008. LIABILITIES in 000'sCapital 13,088Capital stock 1,059Reserves 4,607Net profit or loss carried over 6,657Reevaluation adjustment of capital 134Retained profit or loss 631
Long term provisions 791Long term operating liabilities 36Long term financing liabilities 3,123Short term operating liabilities 7,735Short term financing liabilities 8,939Accruals and deferred income 100
ASSETS in 000'sFixed assets 12,176Intangible long term assets 807Tangible fixed assets 11,094Long term financial investments 197Long term operating receivables 78
Current assets 21,636Stocks 6,449Short term operating receivables 13,931Short term financial investments 907Cash 296Deferred expenses and accrued incomes 53
Total liabilities 33,812 Total assets 33,812
Profit and Loss Account from January 1, 2008 to December 31, 2008.in 000's
Net Sales 46,855Cost of goods, materials and services 38,475Gross Profit 8,380Labour costs 4,809Deprec. of intan.LT assetsand tan. fix.assets 1,723Current assets written off 489Other operating expenses 158Other operating income 240Operating profit or loss 1,441Income from stakes in other companies 32Interest income and other income from financing 63Interest expenses and other financing expenses 677Profit or loss from regular operations 859Extraordinary incomes 20Extraordinary expenses 54Total profit or loss 825Income tax 194Net profit 631
Cash flow statement from January 1, 2008 to December 31, 2008. in 000's
Opening balance of cash and cash equivalents 92Net profit 631Depreciation of intan. long term assets and tan. fixed assets 1,723Difference in stock (390)Difference in long term operating receivables 2Difference in short term operating receivables 1,737Difference in accured income 16Difference in short and long term operating liabilities (1,441)Difference in accruals and deferred income 87Core operating flow (365)Change in intangible fixed assets (5)Change in tangible fixed assets (654)Change in long term financing investment 10Change in short term financing investment (24)Net flow from investments 673Difference in long term financing liabilities (632)Difference in short term financing liabilities 2,891Difference in capital 758Difference in long term provisions (93)Net flow from financing activities 2,924
Closing balance of cash and cash equivalent 296Total cash flow 3,232
The above figures have been abstracted from audited accounts.Auditors: I-Revizija d.o.o., Ljubljana.
March 16, 2010: Miran Tiran Managing Director confirmed this report.
Share structure was provided by official sources on March 15, 2010. Subject stated income in 2009 was approximately 46,900,000 € and that subject is planning to increase its income in 2010 by 5 %.
On January 15, 2007 it was reported in Finance:Subject plans to invest 250,000,000 SIT in modernization of its machinery this year.
On February 12, 2008 it was reported in Finance:Subject plans to expand in year 2008 their operating on new markets in South Europe.
On April 15, 2008 it was reported in Delo:It has been reported that subject plans to establish new subsidiary in Beograd, Serbia&Montenegro. This is part of subjects expansion plans in Eastern Europe.
On June 11, 2008 it was reported in Finance:Subject announced decreased in production.
On October 5, 2008 it was reported in Finance:Subject signed an agreement on joint loan of 42 mio € with a group of foreign banks.
On December 15, 2008 it was reported in Dnevnik:Subject's managing director Miran Tiran stated that subject made 45 employees redundant due to financial crises.
On January 12, 2009 it was reported in Dnevnik:Subject appointed Metka Zvitorepec as new sales director on Januar 8, 2009.
On February 17, 2009 it was reported in STA-Slovenska tiskovna agencija / Slovenian Press Agency:Subject is planning to bulid new factory in Koper until 2010.
On April 8, 2009 it was reported in Dnevnik:Subject made redundant 10 contract employees due to current economic condition.
On June 17, 2009 it was reported in Finance:Subject`s orders for 2009 decreased by 5 %.
On November 9, 2009 it was reported in Dnevnik:Subject decrease wages by 10 %.
Currency
Exchange rate to US Dollar: 1 USD = 0.72 EUR on December 31, 2008
Exchange rate to US Dollar: 1 USD = 0.68 EUR on December 31, 2007
Exchange rate to US Dollar: 1 USD = 0.76 EUR on December 31, 2006
Conclusions
Reporter's opinion: Granting of credit is considered to be a fair trade risk.On average, this business pays its bills 4 days beyond terms.
D&B rating of 3A2 indicates:Financial strength of USD 12 - 25 million (based on net worth capital) and an overall condition which is Good (low risk).
Bonitetna hiša I, d.o.o., Ljubljana, Ulica Janeza Pavla II 8 (prej: Zrinjskega 4) phone. +386 1 234 29 40, fax. +386 1 234 29 58 [email protected] www.idoo.si
This report has been compiled for D&B users by Bonitetna hiša I, d.o.o., Ljubljana, Zrinjskega 4, Slovenija, Telephone: +386 1 234 29 40, Fax: +386 1 234 29 58, E-mail: [email protected], www.idoo.si.
All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom.
D&B Payment Score 76 On average, this businesspays its bills 4 days beyond terms.
Each of the following lines represents a separate invoice.
invoice date amount invoiced paymentSeptember 2009 500 Slow up to 30 daysSeptember 2009 500 Slow up to 15 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 Slow up to 30 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 PromptAugust 2009 500 Slow up to 30 daysAugust 2009 500 PromptAugust 2009 500 PromptAugust 2009 2,000 PromptAugust 2009 2,000 PromptJuly 2009 500 PromptJuly 2009 500 PromptJuly 2009 2,000 PromptJuly 2009 500 PromptJune 2009 500 PromptJune 2009 500 PromptMay 2009 500 PromptMay 2009 500 Slow up to 15 daysMay 2009 500 PromptApril 2009 2,000 Slow up to 15 daysApril 2009 2,000 Slow up to 15 daysApril 2009 500 PromptApril 2009 500 PromptApril 2009 500 PromptMarch 2009 5,000 PromptMarch 2009 5,000 PromptMarch 2009 200 Slow up to 15 daysMarch 2009 200 PromptMarch 2009 5,000 PromptMarch 2009 5,000 Slow up to 15 daysFebruary 2009 500 Slow up to 15 daysFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 Prompt
Payment experiences reflect how bills are met in relation to the terms granted. In some instances payment beyond terms can be the result of disputes over merchandise, skipped invoices etc. Each experience shown represents a separate account reported by a supplier. Updated payment experiences replace those previously reported. Amounts may be rounded to nearest figure in prescribed ranges.
Principals Antecedents
Miran Tiran , Managing DirectorBorn: February 5, 1951, PIRAN, SloveniaEducation: Bachelor of MechanicsSpeaks: English, Slovenian
Bogi Nemanič, Financial DirectorBorn: July 7, 1953, IZOLA, SloveniaEducation: Bachelor of EconomicsSpeaks: German, Slovenian
Jožko Umnik , Technical DirectorBorn: April 22, 1944, MARIBOR, SloveniaEducation: Engineering DiplomaSpeaks: English, Slovenian
Metka Zvitorepec, Sales directorBorn: February 11, 1948, LJUBLJANA, SloveniaEducation: Bachelor of EconomicsSpeaks: English, Italian, Slovenian
Background
Business started 1960 under the name Tovarna Barvitih Izdelkov. Registered: April 1, 1991 as Private Limited Liability Company.
Legal Form
Private Limited Liability Company registered April 1, 1991.
Registration number: 1234567VAT number: SI1345678
Capital
Nominal capital: 1,208,541, Date of last capitalisation: February 1, 2009
The company is a subsidiary of Investbanka Piranka , DUNS 36-019-4659, SI - PIRAN, Slovenia, which holds 56.55% interest.
Subsidiaries
Tople Barve d.o.o. , PTUJ, SloveniaSubject owns 100.00% of the capital
Sole Verde , Napoli, ItalySubject owns 99.00% of the capital
Breda Kreda France, Armagnac, FranceSubject owns 61.00% of the capital
Branches/Divisions
BREDA D.O.O., SKOPJE, Former Yugoslav Republic of Macedonia. These are office owned.
BREDA D.O.O., ZAGREB, Croatia. These are office owned.BREDA D.O.O., SARAJEVO, Bosnia-Herzegovina. These are office owned.BREDA D.O.O. (predstavništvo / representative office) , BEOGRAD, Serbia and Montenegro. These are office rented.
Subject operates from:owned: factory, office, warehouse covering approximately 5,867 m2.
owned: land plot covering approximately 9,500 m2.
Finances
Fiscal year ends: December 31, 2006in 000's
December 31, 2007in 000's
December 31, 2008in 000's
Turnover 37,578 46,396 46,855Pre-tax Profit 1,403 1,687 825Net Worth 11,756 12,192 12,281Fixed Assets 10,874 11,748 11,094Total Assets 28,572 32,104 33,005Current Assets 17,440 20,093 21,636Current Liabs 13,105 15,235 16,674Working Capital 4,335 4,858 4,962Long and Short Term Debt 16,754 19,899 20,624Financial Assets 189 187 197Intangibles 444 812 807Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.
Turnover Pre-tax profit
Total assets and current assets
RATIOS December 31, 2006 December 31, 2007 December 31, 2008Current Ratio (x) 1.33 1.32 1.30Solvency Ratio (%) 243.04 263.32 268.75Fixed Assets / Net Worth (%) 92.50 96.36 90.33Current Liabs / Net Worth (%) 111.47 124.96 135.77Asset Turnover (%) 140.15 152.93 143.93Sales / Net Working Cap (x) 8.62 10.09 9.54Assets / Sales 71.35 65.39 69.48Profit Margin (%) 3.73 3.64 1.76Shareholders Return 11.95 14.09 6.74Returns on Assets 5.23 5.56 2.53Sales / Employees (in '000s) 442.00 533.00 578.00Profit / Employees (in '000s) 17.00 19.00 10.00
Shareholders Return Return on Assets
Profit Margin Current Ratio
Debt / Total Assets Current Liabs / Net Worth
Balance sheet on December 31, 2008. LIABILITIES in 000'sCapital 13,088Capital stock 1,059Reserves 4,607Net profit or loss carried over 6,657Reevaluation adjustment of capital 134Retained profit or loss 631
Long term provisions 791Long term operating liabilities 36Long term financing liabilities 3,123Short term operating liabilities 7,735Short term financing liabilities 8,939Accruals and deferred income 100
ASSETS in 000'sFixed assets 12,176Intangible long term assets 807Tangible fixed assets 11,094Long term financial investments 197Long term operating receivables 78
Current assets 21,636Stocks 6,449Short term operating receivables 13,931Short term financial investments 907Cash 296Deferred expenses and accrued incomes 53
Total liabilities 33,812 Total assets 33,812
Profit and Loss Account from January 1, 2008 to December 31, 2008.in 000's
Net Sales 46,855Cost of goods, materials and services 38,475Gross Profit 8,380Labour costs 4,809Deprec. of intan.LT assetsand tan. fix.assets 1,723Current assets written off 489Other operating expenses 158Other operating income 240Operating profit or loss 1,441Income from stakes in other companies 32Interest income and other income from financing 63Interest expenses and other financing expenses 677Profit or loss from regular operations 859Extraordinary incomes 20Extraordinary expenses 54Total profit or loss 825Income tax 194Net profit 631
Cash flow statement from January 1, 2008 to December 31, 2008. in 000's
Opening balance of cash and cash equivalents 92Net profit 631Depreciation of intan. long term assets and tan. fixed assets 1,723Difference in stock (390)Difference in long term operating receivables 2Difference in short term operating receivables 1,737Difference in accured income 16Difference in short and long term operating liabilities (1,441)Difference in accruals and deferred income 87Core operating flow (365)Change in intangible fixed assets (5)Change in tangible fixed assets (654)Change in long term financing investment 10Change in short term financing investment (24)Net flow from investments 673Difference in long term financing liabilities (632)Difference in short term financing liabilities 2,891Difference in capital 758Difference in long term provisions (93)Net flow from financing activities 2,924
Closing balance of cash and cash equivalent 296Total cash flow 3,232
The above figures have been abstracted from audited accounts.Auditors: I-Revizija d.o.o., Ljubljana.
March 16, 2010: Miran Tiran Managing Director confirmed this report.
Share structure was provided by official sources on March 15, 2010. Subject stated income in 2009 was approximately 46,900,000 € and that subject is planning to increase its income in 2010 by 5 %.
On January 15, 2007 it was reported in Finance:Subject plans to invest 250,000,000 SIT in modernization of its machinery this year.
On February 12, 2008 it was reported in Finance:Subject plans to expand in year 2008 their operating on new markets in South Europe.
On April 15, 2008 it was reported in Delo:It has been reported that subject plans to establish new subsidiary in Beograd, Serbia&Montenegro. This is part of subjects expansion plans in Eastern Europe.
On June 11, 2008 it was reported in Finance:Subject announced decreased in production.
On October 5, 2008 it was reported in Finance:Subject signed an agreement on joint loan of 42 mio € with a group of foreign banks.
On December 15, 2008 it was reported in Dnevnik:Subject's managing director Miran Tiran stated that subject made 45 employees redundant due to financial crises.
On January 12, 2009 it was reported in Dnevnik:Subject appointed Metka Zvitorepec as new sales director on Januar 8, 2009.
On February 17, 2009 it was reported in STA-Slovenska tiskovna agencija / Slovenian Press Agency:Subject is planning to bulid new factory in Koper until 2010.
On April 8, 2009 it was reported in Dnevnik:Subject made redundant 10 contract employees due to current economic condition.
On June 17, 2009 it was reported in Finance:Subject`s orders for 2009 decreased by 5 %.
On November 9, 2009 it was reported in Dnevnik:Subject decrease wages by 10 %.
Currency
Exchange rate to US Dollar: 1 USD = 0.72 EUR on December 31, 2008
Exchange rate to US Dollar: 1 USD = 0.68 EUR on December 31, 2007
Exchange rate to US Dollar: 1 USD = 0.76 EUR on December 31, 2006
Conclusions
Reporter's opinion: Granting of credit is considered to be a fair trade risk.On average, this business pays its bills 4 days beyond terms.
D&B rating of 3A2 indicates:Financial strength of USD 12 - 25 million (based on net worth capital) and an overall condition which is Good (low risk).
Bonitetna hiša I, d.o.o., Ljubljana, Ulica Janeza Pavla II 8 (prej: Zrinjskega 4) phone. +386 1 234 29 40, fax. +386 1 234 29 58 [email protected] www.idoo.si
This report has been compiled for D&B users by Bonitetna hiša I, d.o.o., Ljubljana, Zrinjskega 4, Slovenija, Telephone: +386 1 234 29 40, Fax: +386 1 234 29 58, E-mail: [email protected], www.idoo.si.
All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom.
D&B Payment Score 76 On average, this businesspays its bills 4 days beyond terms.
Each of the following lines represents a separate invoice.
invoice date amount invoiced paymentSeptember 2009 500 Slow up to 30 daysSeptember 2009 500 Slow up to 15 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 Slow up to 30 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 PromptAugust 2009 500 Slow up to 30 daysAugust 2009 500 PromptAugust 2009 500 PromptAugust 2009 2,000 PromptAugust 2009 2,000 PromptJuly 2009 500 PromptJuly 2009 500 PromptJuly 2009 2,000 PromptJuly 2009 500 PromptJune 2009 500 PromptJune 2009 500 PromptMay 2009 500 PromptMay 2009 500 Slow up to 15 daysMay 2009 500 PromptApril 2009 2,000 Slow up to 15 daysApril 2009 2,000 Slow up to 15 daysApril 2009 500 PromptApril 2009 500 PromptApril 2009 500 PromptMarch 2009 5,000 PromptMarch 2009 5,000 PromptMarch 2009 200 Slow up to 15 daysMarch 2009 200 PromptMarch 2009 5,000 PromptMarch 2009 5,000 Slow up to 15 daysFebruary 2009 500 Slow up to 15 daysFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 Prompt
Payment experiences reflect how bills are met in relation to the terms granted. In some instances payment beyond terms can be the result of disputes over merchandise, skipped invoices etc. Each experience shown represents a separate account reported by a supplier. Updated payment experiences replace those previously reported. Amounts may be rounded to nearest figure in prescribed ranges.
Principals Antecedents
Miran Tiran , Managing DirectorBorn: February 5, 1951, PIRAN, SloveniaEducation: Bachelor of MechanicsSpeaks: English, Slovenian
Bogi Nemanič, Financial DirectorBorn: July 7, 1953, IZOLA, SloveniaEducation: Bachelor of EconomicsSpeaks: German, Slovenian
Jožko Umnik , Technical DirectorBorn: April 22, 1944, MARIBOR, SloveniaEducation: Engineering DiplomaSpeaks: English, Slovenian
Metka Zvitorepec, Sales directorBorn: February 11, 1948, LJUBLJANA, SloveniaEducation: Bachelor of EconomicsSpeaks: English, Italian, Slovenian
Background
Business started 1960 under the name Tovarna Barvitih Izdelkov. Registered: April 1, 1991 as Private Limited Liability Company.
Legal Form
Private Limited Liability Company registered April 1, 1991.
Registration number: 1234567VAT number: SI1345678
Capital
Nominal capital: 1,208,541, Date of last capitalisation: February 1, 2009
The company is a subsidiary of Investbanka Piranka , DUNS 36-019-4659, SI - PIRAN, Slovenia, which holds 56.55% interest.
Subsidiaries
Tople Barve d.o.o. , PTUJ, SloveniaSubject owns 100.00% of the capital
Sole Verde , Napoli, ItalySubject owns 99.00% of the capital
Breda Kreda France, Armagnac, FranceSubject owns 61.00% of the capital
Branches/Divisions
BREDA D.O.O., SKOPJE, Former Yugoslav Republic of Macedonia. These are office owned.
BREDA D.O.O., ZAGREB, Croatia. These are office owned.BREDA D.O.O., SARAJEVO, Bosnia-Herzegovina. These are office owned.BREDA D.O.O. (predstavništvo / representative office) , BEOGRAD, Serbia and Montenegro. These are office rented.
Subject operates from:owned: factory, office, warehouse covering approximately 5,867 m2.
owned: land plot covering approximately 9,500 m2.
Finances
Fiscal year ends: December 31, 2006in 000's
December 31, 2007in 000's
December 31, 2008in 000's
Turnover 37,578 46,396 46,855Pre-tax Profit 1,403 1,687 825Net Worth 11,756 12,192 12,281Fixed Assets 10,874 11,748 11,094Total Assets 28,572 32,104 33,005Current Assets 17,440 20,093 21,636Current Liabs 13,105 15,235 16,674Working Capital 4,335 4,858 4,962Long and Short Term Debt 16,754 19,899 20,624Financial Assets 189 187 197Intangibles 444 812 807Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.
Turnover Pre-tax profit
Total assets and current assets
RATIOS December 31, 2006 December 31, 2007 December 31, 2008Current Ratio (x) 1.33 1.32 1.30Solvency Ratio (%) 243.04 263.32 268.75Fixed Assets / Net Worth (%) 92.50 96.36 90.33Current Liabs / Net Worth (%) 111.47 124.96 135.77Asset Turnover (%) 140.15 152.93 143.93Sales / Net Working Cap (x) 8.62 10.09 9.54Assets / Sales 71.35 65.39 69.48Profit Margin (%) 3.73 3.64 1.76Shareholders Return 11.95 14.09 6.74Returns on Assets 5.23 5.56 2.53Sales / Employees (in '000s) 442.00 533.00 578.00Profit / Employees (in '000s) 17.00 19.00 10.00
Shareholders Return Return on Assets
Profit Margin Current Ratio
Debt / Total Assets Current Liabs / Net Worth
Balance sheet on December 31, 2008. LIABILITIES in 000'sCapital 13,088Capital stock 1,059Reserves 4,607Net profit or loss carried over 6,657Reevaluation adjustment of capital 134Retained profit or loss 631
Long term provisions 791Long term operating liabilities 36Long term financing liabilities 3,123Short term operating liabilities 7,735Short term financing liabilities 8,939Accruals and deferred income 100
ASSETS in 000'sFixed assets 12,176Intangible long term assets 807Tangible fixed assets 11,094Long term financial investments 197Long term operating receivables 78
Current assets 21,636Stocks 6,449Short term operating receivables 13,931Short term financial investments 907Cash 296Deferred expenses and accrued incomes 53
Total liabilities 33,812 Total assets 33,812
Profit and Loss Account from January 1, 2008 to December 31, 2008.in 000's
Net Sales 46,855Cost of goods, materials and services 38,475Gross Profit 8,380Labour costs 4,809Deprec. of intan.LT assetsand tan. fix.assets 1,723Current assets written off 489Other operating expenses 158Other operating income 240Operating profit or loss 1,441Income from stakes in other companies 32Interest income and other income from financing 63Interest expenses and other financing expenses 677Profit or loss from regular operations 859Extraordinary incomes 20Extraordinary expenses 54Total profit or loss 825Income tax 194Net profit 631
Cash flow statement from January 1, 2008 to December 31, 2008. in 000's
Opening balance of cash and cash equivalents 92Net profit 631Depreciation of intan. long term assets and tan. fixed assets 1,723Difference in stock (390)Difference in long term operating receivables 2Difference in short term operating receivables 1,737Difference in accured income 16Difference in short and long term operating liabilities (1,441)Difference in accruals and deferred income 87Core operating flow (365)Change in intangible fixed assets (5)Change in tangible fixed assets (654)Change in long term financing investment 10Change in short term financing investment (24)Net flow from investments 673Difference in long term financing liabilities (632)Difference in short term financing liabilities 2,891Difference in capital 758Difference in long term provisions (93)Net flow from financing activities 2,924
Closing balance of cash and cash equivalent 296Total cash flow 3,232
The above figures have been abstracted from audited accounts.Auditors: I-Revizija d.o.o., Ljubljana.
March 16, 2010: Miran Tiran Managing Director confirmed this report.
Share structure was provided by official sources on March 15, 2010. Subject stated income in 2009 was approximately 46,900,000 € and that subject is planning to increase its income in 2010 by 5 %.
On January 15, 2007 it was reported in Finance:Subject plans to invest 250,000,000 SIT in modernization of its machinery this year.
On February 12, 2008 it was reported in Finance:Subject plans to expand in year 2008 their operating on new markets in South Europe.
On April 15, 2008 it was reported in Delo:It has been reported that subject plans to establish new subsidiary in Beograd, Serbia&Montenegro. This is part of subjects expansion plans in Eastern Europe.
On June 11, 2008 it was reported in Finance:Subject announced decreased in production.
On October 5, 2008 it was reported in Finance:Subject signed an agreement on joint loan of 42 mio € with a group of foreign banks.
On December 15, 2008 it was reported in Dnevnik:Subject's managing director Miran Tiran stated that subject made 45 employees redundant due to financial crises.
On January 12, 2009 it was reported in Dnevnik:Subject appointed Metka Zvitorepec as new sales director on Januar 8, 2009.
On February 17, 2009 it was reported in STA-Slovenska tiskovna agencija / Slovenian Press Agency:Subject is planning to bulid new factory in Koper until 2010.
On April 8, 2009 it was reported in Dnevnik:Subject made redundant 10 contract employees due to current economic condition.
On June 17, 2009 it was reported in Finance:Subject`s orders for 2009 decreased by 5 %.
On November 9, 2009 it was reported in Dnevnik:Subject decrease wages by 10 %.
Currency
Exchange rate to US Dollar: 1 USD = 0.72 EUR on December 31, 2008
Exchange rate to US Dollar: 1 USD = 0.68 EUR on December 31, 2007
Exchange rate to US Dollar: 1 USD = 0.76 EUR on December 31, 2006
Conclusions
Reporter's opinion: Granting of credit is considered to be a fair trade risk.On average, this business pays its bills 4 days beyond terms.
D&B rating of 3A2 indicates:Financial strength of USD 12 - 25 million (based on net worth capital) and an overall condition which is Good (low risk).
Bonitetna hiša I, d.o.o., Ljubljana, Ulica Janeza Pavla II 8 (prej: Zrinjskega 4) phone. +386 1 234 29 40, fax. +386 1 234 29 58 [email protected] www.idoo.si
This report has been compiled for D&B users by Bonitetna hiša I, d.o.o., Ljubljana, Zrinjskega 4, Slovenija, Telephone: +386 1 234 29 40, Fax: +386 1 234 29 58, E-mail: [email protected], www.idoo.si.
All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom.
D&B Payment Score 76 On average, this businesspays its bills 4 days beyond terms.
Each of the following lines represents a separate invoice.
invoice date amount invoiced paymentSeptember 2009 500 Slow up to 30 daysSeptember 2009 500 Slow up to 15 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 Slow up to 30 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 PromptAugust 2009 500 Slow up to 30 daysAugust 2009 500 PromptAugust 2009 500 PromptAugust 2009 2,000 PromptAugust 2009 2,000 PromptJuly 2009 500 PromptJuly 2009 500 PromptJuly 2009 2,000 PromptJuly 2009 500 PromptJune 2009 500 PromptJune 2009 500 PromptMay 2009 500 PromptMay 2009 500 Slow up to 15 daysMay 2009 500 PromptApril 2009 2,000 Slow up to 15 daysApril 2009 2,000 Slow up to 15 daysApril 2009 500 PromptApril 2009 500 PromptApril 2009 500 PromptMarch 2009 5,000 PromptMarch 2009 5,000 PromptMarch 2009 200 Slow up to 15 daysMarch 2009 200 PromptMarch 2009 5,000 PromptMarch 2009 5,000 Slow up to 15 daysFebruary 2009 500 Slow up to 15 daysFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 Prompt
Payment experiences reflect how bills are met in relation to the terms granted. In some instances payment beyond terms can be the result of disputes over merchandise, skipped invoices etc. Each experience shown represents a separate account reported by a supplier. Updated payment experiences replace those previously reported. Amounts may be rounded to nearest figure in prescribed ranges.
Principals Antecedents
Miran Tiran , Managing DirectorBorn: February 5, 1951, PIRAN, SloveniaEducation: Bachelor of MechanicsSpeaks: English, Slovenian
Bogi Nemanič, Financial DirectorBorn: July 7, 1953, IZOLA, SloveniaEducation: Bachelor of EconomicsSpeaks: German, Slovenian
Jožko Umnik , Technical DirectorBorn: April 22, 1944, MARIBOR, SloveniaEducation: Engineering DiplomaSpeaks: English, Slovenian
Metka Zvitorepec, Sales directorBorn: February 11, 1948, LJUBLJANA, SloveniaEducation: Bachelor of EconomicsSpeaks: English, Italian, Slovenian
Background
Business started 1960 under the name Tovarna Barvitih Izdelkov. Registered: April 1, 1991 as Private Limited Liability Company.
Legal Form
Private Limited Liability Company registered April 1, 1991.
Registration number: 1234567VAT number: SI1345678
Capital
Nominal capital: 1,208,541, Date of last capitalisation: February 1, 2009
The company is a subsidiary of Investbanka Piranka , DUNS 36-019-4659, SI - PIRAN, Slovenia, which holds 56.55% interest.
Subsidiaries
Tople Barve d.o.o. , PTUJ, SloveniaSubject owns 100.00% of the capital
Sole Verde , Napoli, ItalySubject owns 99.00% of the capital
Breda Kreda France, Armagnac, FranceSubject owns 61.00% of the capital
Branches/Divisions
BREDA D.O.O., SKOPJE, Former Yugoslav Republic of Macedonia. These are office owned.
BREDA D.O.O., ZAGREB, Croatia. These are office owned.BREDA D.O.O., SARAJEVO, Bosnia-Herzegovina. These are office owned.BREDA D.O.O. (predstavništvo / representative office) , BEOGRAD, Serbia and Montenegro. These are office rented.
Subject operates from:owned: factory, office, warehouse covering approximately 5,867 m2.
owned: land plot covering approximately 9,500 m2.
Finances
Fiscal year ends: December 31, 2006in 000's
December 31, 2007in 000's
December 31, 2008in 000's
Turnover 37,578 46,396 46,855Pre-tax Profit 1,403 1,687 825Net Worth 11,756 12,192 12,281Fixed Assets 10,874 11,748 11,094Total Assets 28,572 32,104 33,005Current Assets 17,440 20,093 21,636Current Liabs 13,105 15,235 16,674Working Capital 4,335 4,858 4,962Long and Short Term Debt 16,754 19,899 20,624Financial Assets 189 187 197Intangibles 444 812 807Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.
Turnover Pre-tax profit
Total assets and current assets
RATIOS December 31, 2006 December 31, 2007 December 31, 2008Current Ratio (x) 1.33 1.32 1.30Solvency Ratio (%) 243.04 263.32 268.75Fixed Assets / Net Worth (%) 92.50 96.36 90.33Current Liabs / Net Worth (%) 111.47 124.96 135.77Asset Turnover (%) 140.15 152.93 143.93Sales / Net Working Cap (x) 8.62 10.09 9.54Assets / Sales 71.35 65.39 69.48Profit Margin (%) 3.73 3.64 1.76Shareholders Return 11.95 14.09 6.74Returns on Assets 5.23 5.56 2.53Sales / Employees (in '000s) 442.00 533.00 578.00Profit / Employees (in '000s) 17.00 19.00 10.00
Shareholders Return Return on Assets
Profit Margin Current Ratio
Debt / Total Assets Current Liabs / Net Worth
Balance sheet on December 31, 2008. LIABILITIES in 000'sCapital 13,088Capital stock 1,059Reserves 4,607Net profit or loss carried over 6,657Reevaluation adjustment of capital 134Retained profit or loss 631
Long term provisions 791Long term operating liabilities 36Long term financing liabilities 3,123Short term operating liabilities 7,735Short term financing liabilities 8,939Accruals and deferred income 100
ASSETS in 000'sFixed assets 12,176Intangible long term assets 807Tangible fixed assets 11,094Long term financial investments 197Long term operating receivables 78
Current assets 21,636Stocks 6,449Short term operating receivables 13,931Short term financial investments 907Cash 296Deferred expenses and accrued incomes 53
Total liabilities 33,812 Total assets 33,812
Profit and Loss Account from January 1, 2008 to December 31, 2008.in 000's
Net Sales 46,855Cost of goods, materials and services 38,475Gross Profit 8,380Labour costs 4,809Deprec. of intan.LT assetsand tan. fix.assets 1,723Current assets written off 489Other operating expenses 158Other operating income 240Operating profit or loss 1,441Income from stakes in other companies 32Interest income and other income from financing 63Interest expenses and other financing expenses 677Profit or loss from regular operations 859Extraordinary incomes 20Extraordinary expenses 54Total profit or loss 825Income tax 194Net profit 631
Cash flow statement from January 1, 2008 to December 31, 2008. in 000's
Opening balance of cash and cash equivalents 92Net profit 631Depreciation of intan. long term assets and tan. fixed assets 1,723Difference in stock (390)Difference in long term operating receivables 2Difference in short term operating receivables 1,737Difference in accured income 16Difference in short and long term operating liabilities (1,441)Difference in accruals and deferred income 87Core operating flow (365)Change in intangible fixed assets (5)Change in tangible fixed assets (654)Change in long term financing investment 10Change in short term financing investment (24)Net flow from investments 673Difference in long term financing liabilities (632)Difference in short term financing liabilities 2,891Difference in capital 758Difference in long term provisions (93)Net flow from financing activities 2,924
Closing balance of cash and cash equivalent 296Total cash flow 3,232
The above figures have been abstracted from audited accounts.Auditors: I-Revizija d.o.o., Ljubljana.
March 16, 2010: Miran Tiran Managing Director confirmed this report.
Share structure was provided by official sources on March 15, 2010. Subject stated income in 2009 was approximately 46,900,000 € and that subject is planning to increase its income in 2010 by 5 %.
On January 15, 2007 it was reported in Finance:Subject plans to invest 250,000,000 SIT in modernization of its machinery this year.
On February 12, 2008 it was reported in Finance:Subject plans to expand in year 2008 their operating on new markets in South Europe.
On April 15, 2008 it was reported in Delo:It has been reported that subject plans to establish new subsidiary in Beograd, Serbia&Montenegro. This is part of subjects expansion plans in Eastern Europe.
On June 11, 2008 it was reported in Finance:Subject announced decreased in production.
On October 5, 2008 it was reported in Finance:Subject signed an agreement on joint loan of 42 mio € with a group of foreign banks.
On December 15, 2008 it was reported in Dnevnik:Subject's managing director Miran Tiran stated that subject made 45 employees redundant due to financial crises.
On January 12, 2009 it was reported in Dnevnik:Subject appointed Metka Zvitorepec as new sales director on Januar 8, 2009.
On February 17, 2009 it was reported in STA-Slovenska tiskovna agencija / Slovenian Press Agency:Subject is planning to bulid new factory in Koper until 2010.
On April 8, 2009 it was reported in Dnevnik:Subject made redundant 10 contract employees due to current economic condition.
On June 17, 2009 it was reported in Finance:Subject`s orders for 2009 decreased by 5 %.
On November 9, 2009 it was reported in Dnevnik:Subject decrease wages by 10 %.
Currency
Exchange rate to US Dollar: 1 USD = 0.72 EUR on December 31, 2008
Exchange rate to US Dollar: 1 USD = 0.68 EUR on December 31, 2007
Exchange rate to US Dollar: 1 USD = 0.76 EUR on December 31, 2006
Conclusions
Reporter's opinion: Granting of credit is considered to be a fair trade risk.On average, this business pays its bills 4 days beyond terms.
D&B rating of 3A2 indicates:Financial strength of USD 12 - 25 million (based on net worth capital) and an overall condition which is Good (low risk).
Bonitetna hiša I, d.o.o., Ljubljana, Ulica Janeza Pavla II 8 (prej: Zrinjskega 4) phone. +386 1 234 29 40, fax. +386 1 234 29 58 [email protected] www.idoo.si
This report has been compiled for D&B users by Bonitetna hiša I, d.o.o., Ljubljana, Zrinjskega 4, Slovenija, Telephone: +386 1 234 29 40, Fax: +386 1 234 29 58, E-mail: [email protected], www.idoo.si.
All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom.
D&B Payment Score 76 On average, this businesspays its bills 4 days beyond terms.
Each of the following lines represents a separate invoice.
invoice date amount invoiced paymentSeptember 2009 500 Slow up to 30 daysSeptember 2009 500 Slow up to 15 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 Slow up to 30 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 PromptAugust 2009 500 Slow up to 30 daysAugust 2009 500 PromptAugust 2009 500 PromptAugust 2009 2,000 PromptAugust 2009 2,000 PromptJuly 2009 500 PromptJuly 2009 500 PromptJuly 2009 2,000 PromptJuly 2009 500 PromptJune 2009 500 PromptJune 2009 500 PromptMay 2009 500 PromptMay 2009 500 Slow up to 15 daysMay 2009 500 PromptApril 2009 2,000 Slow up to 15 daysApril 2009 2,000 Slow up to 15 daysApril 2009 500 PromptApril 2009 500 PromptApril 2009 500 PromptMarch 2009 5,000 PromptMarch 2009 5,000 PromptMarch 2009 200 Slow up to 15 daysMarch 2009 200 PromptMarch 2009 5,000 PromptMarch 2009 5,000 Slow up to 15 daysFebruary 2009 500 Slow up to 15 daysFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 Prompt
Payment experiences reflect how bills are met in relation to the terms granted. In some instances payment beyond terms can be the result of disputes over merchandise, skipped invoices etc. Each experience shown represents a separate account reported by a supplier. Updated payment experiences replace those previously reported. Amounts may be rounded to nearest figure in prescribed ranges.
Principals Antecedents
Miran Tiran , Managing DirectorBorn: February 5, 1951, PIRAN, SloveniaEducation: Bachelor of MechanicsSpeaks: English, Slovenian
Bogi Nemanič, Financial DirectorBorn: July 7, 1953, IZOLA, SloveniaEducation: Bachelor of EconomicsSpeaks: German, Slovenian
Jožko Umnik , Technical DirectorBorn: April 22, 1944, MARIBOR, SloveniaEducation: Engineering DiplomaSpeaks: English, Slovenian
Metka Zvitorepec, Sales directorBorn: February 11, 1948, LJUBLJANA, SloveniaEducation: Bachelor of EconomicsSpeaks: English, Italian, Slovenian
Background
Business started 1960 under the name Tovarna Barvitih Izdelkov. Registered: April 1, 1991 as Private Limited Liability Company.
Legal Form
Private Limited Liability Company registered April 1, 1991.
Registration number: 1234567VAT number: SI1345678
Capital
Nominal capital: 1,208,541, Date of last capitalisation: February 1, 2009
The company is a subsidiary of Investbanka Piranka , DUNS 36-019-4659, SI - PIRAN, Slovenia, which holds 56.55% interest.
Subsidiaries
Tople Barve d.o.o. , PTUJ, SloveniaSubject owns 100.00% of the capital
Sole Verde , Napoli, ItalySubject owns 99.00% of the capital
Breda Kreda France, Armagnac, FranceSubject owns 61.00% of the capital
Branches/Divisions
BREDA D.O.O., SKOPJE, Former Yugoslav Republic of Macedonia. These are office owned.
BREDA D.O.O., ZAGREB, Croatia. These are office owned.BREDA D.O.O., SARAJEVO, Bosnia-Herzegovina. These are office owned.BREDA D.O.O. (predstavništvo / representative office) , BEOGRAD, Serbia and Montenegro. These are office rented.
Subject operates from:owned: factory, office, warehouse covering approximately 5,867 m2.
owned: land plot covering approximately 9,500 m2.
Finances
Fiscal year ends: December 31, 2006in 000's
December 31, 2007in 000's
December 31, 2008in 000's
Turnover 37,578 46,396 46,855Pre-tax Profit 1,403 1,687 825Net Worth 11,756 12,192 12,281Fixed Assets 10,874 11,748 11,094Total Assets 28,572 32,104 33,005Current Assets 17,440 20,093 21,636Current Liabs 13,105 15,235 16,674Working Capital 4,335 4,858 4,962Long and Short Term Debt 16,754 19,899 20,624Financial Assets 189 187 197Intangibles 444 812 807Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.
Turnover Pre-tax profit
Total assets and current assets
RATIOS December 31, 2006 December 31, 2007 December 31, 2008Current Ratio (x) 1.33 1.32 1.30Solvency Ratio (%) 243.04 263.32 268.75Fixed Assets / Net Worth (%) 92.50 96.36 90.33Current Liabs / Net Worth (%) 111.47 124.96 135.77Asset Turnover (%) 140.15 152.93 143.93Sales / Net Working Cap (x) 8.62 10.09 9.54Assets / Sales 71.35 65.39 69.48Profit Margin (%) 3.73 3.64 1.76Shareholders Return 11.95 14.09 6.74Returns on Assets 5.23 5.56 2.53Sales / Employees (in '000s) 442.00 533.00 578.00Profit / Employees (in '000s) 17.00 19.00 10.00
Shareholders Return Return on Assets
Profit Margin Current Ratio
Debt / Total Assets Current Liabs / Net Worth
Balance sheet on December 31, 2008. LIABILITIES in 000'sCapital 13,088Capital stock 1,059Reserves 4,607Net profit or loss carried over 6,657Reevaluation adjustment of capital 134Retained profit or loss 631
Long term provisions 791Long term operating liabilities 36Long term financing liabilities 3,123Short term operating liabilities 7,735Short term financing liabilities 8,939Accruals and deferred income 100
ASSETS in 000'sFixed assets 12,176Intangible long term assets 807Tangible fixed assets 11,094Long term financial investments 197Long term operating receivables 78
Current assets 21,636Stocks 6,449Short term operating receivables 13,931Short term financial investments 907Cash 296Deferred expenses and accrued incomes 53
Total liabilities 33,812 Total assets 33,812
Profit and Loss Account from January 1, 2008 to December 31, 2008.in 000's
Net Sales 46,855Cost of goods, materials and services 38,475Gross Profit 8,380Labour costs 4,809Deprec. of intan.LT assetsand tan. fix.assets 1,723Current assets written off 489Other operating expenses 158Other operating income 240Operating profit or loss 1,441Income from stakes in other companies 32Interest income and other income from financing 63Interest expenses and other financing expenses 677Profit or loss from regular operations 859Extraordinary incomes 20Extraordinary expenses 54Total profit or loss 825Income tax 194Net profit 631
Cash flow statement from January 1, 2008 to December 31, 2008. in 000's
Opening balance of cash and cash equivalents 92Net profit 631Depreciation of intan. long term assets and tan. fixed assets 1,723Difference in stock (390)Difference in long term operating receivables 2Difference in short term operating receivables 1,737Difference in accured income 16Difference in short and long term operating liabilities (1,441)Difference in accruals and deferred income 87Core operating flow (365)Change in intangible fixed assets (5)Change in tangible fixed assets (654)Change in long term financing investment 10Change in short term financing investment (24)Net flow from investments 673Difference in long term financing liabilities (632)Difference in short term financing liabilities 2,891Difference in capital 758Difference in long term provisions (93)Net flow from financing activities 2,924
Closing balance of cash and cash equivalent 296Total cash flow 3,232
The above figures have been abstracted from audited accounts.Auditors: I-Revizija d.o.o., Ljubljana.
March 16, 2010: Miran Tiran Managing Director confirmed this report.
Share structure was provided by official sources on March 15, 2010. Subject stated income in 2009 was approximately 46,900,000 € and that subject is planning to increase its income in 2010 by 5 %.
On January 15, 2007 it was reported in Finance:Subject plans to invest 250,000,000 SIT in modernization of its machinery this year.
On February 12, 2008 it was reported in Finance:Subject plans to expand in year 2008 their operating on new markets in South Europe.
On April 15, 2008 it was reported in Delo:It has been reported that subject plans to establish new subsidiary in Beograd, Serbia&Montenegro. This is part of subjects expansion plans in Eastern Europe.
On June 11, 2008 it was reported in Finance:Subject announced decreased in production.
On October 5, 2008 it was reported in Finance:Subject signed an agreement on joint loan of 42 mio € with a group of foreign banks.
On December 15, 2008 it was reported in Dnevnik:Subject's managing director Miran Tiran stated that subject made 45 employees redundant due to financial crises.
On January 12, 2009 it was reported in Dnevnik:Subject appointed Metka Zvitorepec as new sales director on Januar 8, 2009.
On February 17, 2009 it was reported in STA-Slovenska tiskovna agencija / Slovenian Press Agency:Subject is planning to bulid new factory in Koper until 2010.
On April 8, 2009 it was reported in Dnevnik:Subject made redundant 10 contract employees due to current economic condition.
On June 17, 2009 it was reported in Finance:Subject`s orders for 2009 decreased by 5 %.
On November 9, 2009 it was reported in Dnevnik:Subject decrease wages by 10 %.
Currency
Exchange rate to US Dollar: 1 USD = 0.72 EUR on December 31, 2008
Exchange rate to US Dollar: 1 USD = 0.68 EUR on December 31, 2007
Exchange rate to US Dollar: 1 USD = 0.76 EUR on December 31, 2006
Conclusions
Reporter's opinion: Granting of credit is considered to be a fair trade risk.On average, this business pays its bills 4 days beyond terms.
D&B rating of 3A2 indicates:Financial strength of USD 12 - 25 million (based on net worth capital) and an overall condition which is Good (low risk).
Bonitetna hiša I, d.o.o., Ljubljana, Ulica Janeza Pavla II 8 (prej: Zrinjskega 4) phone. +386 1 234 29 40, fax. +386 1 234 29 58 [email protected] www.idoo.si
This report has been compiled for D&B users by Bonitetna hiša I, d.o.o., Ljubljana, Zrinjskega 4, Slovenija, Telephone: +386 1 234 29 40, Fax: +386 1 234 29 58, E-mail: [email protected], www.idoo.si.
All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom.
D&B Payment Score 76 On average, this businesspays its bills 4 days beyond terms.
Each of the following lines represents a separate invoice.
invoice date amount invoiced paymentSeptember 2009 500 Slow up to 30 daysSeptember 2009 500 Slow up to 15 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 Slow up to 30 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 PromptAugust 2009 500 Slow up to 30 daysAugust 2009 500 PromptAugust 2009 500 PromptAugust 2009 2,000 PromptAugust 2009 2,000 PromptJuly 2009 500 PromptJuly 2009 500 PromptJuly 2009 2,000 PromptJuly 2009 500 PromptJune 2009 500 PromptJune 2009 500 PromptMay 2009 500 PromptMay 2009 500 Slow up to 15 daysMay 2009 500 PromptApril 2009 2,000 Slow up to 15 daysApril 2009 2,000 Slow up to 15 daysApril 2009 500 PromptApril 2009 500 PromptApril 2009 500 PromptMarch 2009 5,000 PromptMarch 2009 5,000 PromptMarch 2009 200 Slow up to 15 daysMarch 2009 200 PromptMarch 2009 5,000 PromptMarch 2009 5,000 Slow up to 15 daysFebruary 2009 500 Slow up to 15 daysFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 Prompt
Payment experiences reflect how bills are met in relation to the terms granted. In some instances payment beyond terms can be the result of disputes over merchandise, skipped invoices etc. Each experience shown represents a separate account reported by a supplier. Updated payment experiences replace those previously reported. Amounts may be rounded to nearest figure in prescribed ranges.
Principals Antecedents
Miran Tiran , Managing DirectorBorn: February 5, 1951, PIRAN, SloveniaEducation: Bachelor of MechanicsSpeaks: English, Slovenian
Bogi Nemanič, Financial DirectorBorn: July 7, 1953, IZOLA, SloveniaEducation: Bachelor of EconomicsSpeaks: German, Slovenian
Jožko Umnik , Technical DirectorBorn: April 22, 1944, MARIBOR, SloveniaEducation: Engineering DiplomaSpeaks: English, Slovenian
Metka Zvitorepec, Sales directorBorn: February 11, 1948, LJUBLJANA, SloveniaEducation: Bachelor of EconomicsSpeaks: English, Italian, Slovenian
Background
Business started 1960 under the name Tovarna Barvitih Izdelkov. Registered: April 1, 1991 as Private Limited Liability Company.
Legal Form
Private Limited Liability Company registered April 1, 1991.
Registration number: 1234567VAT number: SI1345678
Capital
Nominal capital: 1,208,541, Date of last capitalisation: February 1, 2009
The company is a subsidiary of Investbanka Piranka , DUNS 36-019-4659, SI - PIRAN, Slovenia, which holds 56.55% interest.
Subsidiaries
Tople Barve d.o.o. , PTUJ, SloveniaSubject owns 100.00% of the capital
Sole Verde , Napoli, ItalySubject owns 99.00% of the capital
Breda Kreda France, Armagnac, FranceSubject owns 61.00% of the capital
Branches/Divisions
BREDA D.O.O., SKOPJE, Former Yugoslav Republic of Macedonia. These are office owned.
BREDA D.O.O., ZAGREB, Croatia. These are office owned.BREDA D.O.O., SARAJEVO, Bosnia-Herzegovina. These are office owned.BREDA D.O.O. (predstavništvo / representative office) , BEOGRAD, Serbia and Montenegro. These are office rented.
Subject operates from:owned: factory, office, warehouse covering approximately 5,867 m2.
owned: land plot covering approximately 9,500 m2.
Finances
Fiscal year ends: December 31, 2006in 000's
December 31, 2007in 000's
December 31, 2008in 000's
Turnover 37,578 46,396 46,855Pre-tax Profit 1,403 1,687 825Net Worth 11,756 12,192 12,281Fixed Assets 10,874 11,748 11,094Total Assets 28,572 32,104 33,005Current Assets 17,440 20,093 21,636Current Liabs 13,105 15,235 16,674Working Capital 4,335 4,858 4,962Long and Short Term Debt 16,754 19,899 20,624Financial Assets 189 187 197Intangibles 444 812 807Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.
Turnover Pre-tax profit
Total assets and current assets
RATIOS December 31, 2006 December 31, 2007 December 31, 2008Current Ratio (x) 1.33 1.32 1.30Solvency Ratio (%) 243.04 263.32 268.75Fixed Assets / Net Worth (%) 92.50 96.36 90.33Current Liabs / Net Worth (%) 111.47 124.96 135.77Asset Turnover (%) 140.15 152.93 143.93Sales / Net Working Cap (x) 8.62 10.09 9.54Assets / Sales 71.35 65.39 69.48Profit Margin (%) 3.73 3.64 1.76Shareholders Return 11.95 14.09 6.74Returns on Assets 5.23 5.56 2.53Sales / Employees (in '000s) 442.00 533.00 578.00Profit / Employees (in '000s) 17.00 19.00 10.00
Shareholders Return Return on Assets
Profit Margin Current Ratio
Debt / Total Assets Current Liabs / Net Worth
Balance sheet on December 31, 2008. LIABILITIES in 000'sCapital 13,088Capital stock 1,059Reserves 4,607Net profit or loss carried over 6,657Reevaluation adjustment of capital 134Retained profit or loss 631
Long term provisions 791Long term operating liabilities 36Long term financing liabilities 3,123Short term operating liabilities 7,735Short term financing liabilities 8,939Accruals and deferred income 100
ASSETS in 000'sFixed assets 12,176Intangible long term assets 807Tangible fixed assets 11,094Long term financial investments 197Long term operating receivables 78
Current assets 21,636Stocks 6,449Short term operating receivables 13,931Short term financial investments 907Cash 296Deferred expenses and accrued incomes 53
Total liabilities 33,812 Total assets 33,812
Profit and Loss Account from January 1, 2008 to December 31, 2008.in 000's
Net Sales 46,855Cost of goods, materials and services 38,475Gross Profit 8,380Labour costs 4,809Deprec. of intan.LT assetsand tan. fix.assets 1,723Current assets written off 489Other operating expenses 158Other operating income 240Operating profit or loss 1,441Income from stakes in other companies 32Interest income and other income from financing 63Interest expenses and other financing expenses 677Profit or loss from regular operations 859Extraordinary incomes 20Extraordinary expenses 54Total profit or loss 825Income tax 194Net profit 631
Cash flow statement from January 1, 2008 to December 31, 2008. in 000's
Opening balance of cash and cash equivalents 92Net profit 631Depreciation of intan. long term assets and tan. fixed assets 1,723Difference in stock (390)Difference in long term operating receivables 2Difference in short term operating receivables 1,737Difference in accured income 16Difference in short and long term operating liabilities (1,441)Difference in accruals and deferred income 87Core operating flow (365)Change in intangible fixed assets (5)Change in tangible fixed assets (654)Change in long term financing investment 10Change in short term financing investment (24)Net flow from investments 673Difference in long term financing liabilities (632)Difference in short term financing liabilities 2,891Difference in capital 758Difference in long term provisions (93)Net flow from financing activities 2,924
Closing balance of cash and cash equivalent 296Total cash flow 3,232
The above figures have been abstracted from audited accounts.Auditors: I-Revizija d.o.o., Ljubljana.
March 16, 2010: Miran Tiran Managing Director confirmed this report.
Share structure was provided by official sources on March 15, 2010. Subject stated income in 2009 was approximately 46,900,000 € and that subject is planning to increase its income in 2010 by 5 %.
On January 15, 2007 it was reported in Finance:Subject plans to invest 250,000,000 SIT in modernization of its machinery this year.
On February 12, 2008 it was reported in Finance:Subject plans to expand in year 2008 their operating on new markets in South Europe.
On April 15, 2008 it was reported in Delo:It has been reported that subject plans to establish new subsidiary in Beograd, Serbia&Montenegro. This is part of subjects expansion plans in Eastern Europe.
On June 11, 2008 it was reported in Finance:Subject announced decreased in production.
On October 5, 2008 it was reported in Finance:Subject signed an agreement on joint loan of 42 mio € with a group of foreign banks.
On December 15, 2008 it was reported in Dnevnik:Subject's managing director Miran Tiran stated that subject made 45 employees redundant due to financial crises.
On January 12, 2009 it was reported in Dnevnik:Subject appointed Metka Zvitorepec as new sales director on Januar 8, 2009.
On February 17, 2009 it was reported in STA-Slovenska tiskovna agencija / Slovenian Press Agency:Subject is planning to bulid new factory in Koper until 2010.
On April 8, 2009 it was reported in Dnevnik:Subject made redundant 10 contract employees due to current economic condition.
On June 17, 2009 it was reported in Finance:Subject`s orders for 2009 decreased by 5 %.
On November 9, 2009 it was reported in Dnevnik:Subject decrease wages by 10 %.
Currency
Exchange rate to US Dollar: 1 USD = 0.72 EUR on December 31, 2008
Exchange rate to US Dollar: 1 USD = 0.68 EUR on December 31, 2007
Exchange rate to US Dollar: 1 USD = 0.76 EUR on December 31, 2006
Conclusions
Reporter's opinion: Granting of credit is considered to be a fair trade risk.On average, this business pays its bills 4 days beyond terms.
D&B rating of 3A2 indicates:Financial strength of USD 12 - 25 million (based on net worth capital) and an overall condition which is Good (low risk).
Bonitetna hiša I, d.o.o., Ljubljana, Ulica Janeza Pavla II 8 (prej: Zrinjskega 4) phone. +386 1 234 29 40, fax. +386 1 234 29 58 [email protected] www.idoo.si
This report has been compiled for D&B users by Bonitetna hiša I, d.o.o., Ljubljana, Zrinjskega 4, Slovenija, Telephone: +386 1 234 29 40, Fax: +386 1 234 29 58, E-mail: [email protected], www.idoo.si.
All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom.
D&B Payment Score 76 On average, this businesspays its bills 4 days beyond terms.
Each of the following lines represents a separate invoice.
invoice date amount invoiced paymentSeptember 2009 500 Slow up to 30 daysSeptember 2009 500 Slow up to 15 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 Slow up to 30 daysSeptember 2009 2,000 Slow up to 15 daysSeptember 2009 2,000 PromptAugust 2009 500 Slow up to 30 daysAugust 2009 500 PromptAugust 2009 500 PromptAugust 2009 2,000 PromptAugust 2009 2,000 PromptJuly 2009 500 PromptJuly 2009 500 PromptJuly 2009 2,000 PromptJuly 2009 500 PromptJune 2009 500 PromptJune 2009 500 PromptMay 2009 500 PromptMay 2009 500 Slow up to 15 daysMay 2009 500 PromptApril 2009 2,000 Slow up to 15 daysApril 2009 2,000 Slow up to 15 daysApril 2009 500 PromptApril 2009 500 PromptApril 2009 500 PromptMarch 2009 5,000 PromptMarch 2009 5,000 PromptMarch 2009 200 Slow up to 15 daysMarch 2009 200 PromptMarch 2009 5,000 PromptMarch 2009 5,000 Slow up to 15 daysFebruary 2009 500 Slow up to 15 daysFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 PromptFebruary 2009 500 Prompt
Payment experiences reflect how bills are met in relation to the terms granted. In some instances payment beyond terms can be the result of disputes over merchandise, skipped invoices etc. Each experience shown represents a separate account reported by a supplier. Updated payment experiences replace those previously reported. Amounts may be rounded to nearest figure in prescribed ranges.
Principals Antecedents
Miran Tiran , Managing DirectorBorn: February 5, 1951, PIRAN, SloveniaEducation: Bachelor of MechanicsSpeaks: English, Slovenian
Bogi Nemanič, Financial DirectorBorn: July 7, 1953, IZOLA, SloveniaEducation: Bachelor of EconomicsSpeaks: German, Slovenian
Jožko Umnik , Technical DirectorBorn: April 22, 1944, MARIBOR, SloveniaEducation: Engineering DiplomaSpeaks: English, Slovenian
Metka Zvitorepec, Sales directorBorn: February 11, 1948, LJUBLJANA, SloveniaEducation: Bachelor of EconomicsSpeaks: English, Italian, Slovenian
Background
Business started 1960 under the name Tovarna Barvitih Izdelkov. Registered: April 1, 1991 as Private Limited Liability Company.
Legal Form
Private Limited Liability Company registered April 1, 1991.
Registration number: 1234567VAT number: SI1345678
Capital
Nominal capital: 1,208,541, Date of last capitalisation: February 1, 2009
The company is a subsidiary of Investbanka Piranka , DUNS 36-019-4659, SI - PIRAN, Slovenia, which holds 56.55% interest.
Subsidiaries
Tople Barve d.o.o. , PTUJ, SloveniaSubject owns 100.00% of the capital
Sole Verde , Napoli, ItalySubject owns 99.00% of the capital
Breda Kreda France, Armagnac, FranceSubject owns 61.00% of the capital
Branches/Divisions
BREDA D.O.O., SKOPJE, Former Yugoslav Republic of Macedonia. These are office owned.
BREDA D.O.O., ZAGREB, Croatia. These are office owned.BREDA D.O.O., SARAJEVO, Bosnia-Herzegovina. These are office owned.BREDA D.O.O. (predstavništvo / representative office) , BEOGRAD, Serbia and Montenegro. These are office rented.
Subject operates from:owned: factory, office, warehouse covering approximately 5,867 m2.
owned: land plot covering approximately 9,500 m2.
Finances
Fiscal year ends: December 31, 2006in 000's
December 31, 2007in 000's
December 31, 2008in 000's
Turnover 37,578 46,396 46,855Pre-tax Profit 1,403 1,687 825Net Worth 11,756 12,192 12,281Fixed Assets 10,874 11,748 11,094Total Assets 28,572 32,104 33,005Current Assets 17,440 20,093 21,636Current Liabs 13,105 15,235 16,674Working Capital 4,335 4,858 4,962Long and Short Term Debt 16,754 19,899 20,624Financial Assets 189 187 197Intangibles 444 812 807Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.
Turnover Pre-tax profit
Total assets and current assets
RATIOS December 31, 2006 December 31, 2007 December 31, 2008Current Ratio (x) 1.33 1.32 1.30Solvency Ratio (%) 243.04 263.32 268.75Fixed Assets / Net Worth (%) 92.50 96.36 90.33Current Liabs / Net Worth (%) 111.47 124.96 135.77Asset Turnover (%) 140.15 152.93 143.93Sales / Net Working Cap (x) 8.62 10.09 9.54Assets / Sales 71.35 65.39 69.48Profit Margin (%) 3.73 3.64 1.76Shareholders Return 11.95 14.09 6.74Returns on Assets 5.23 5.56 2.53Sales / Employees (in '000s) 442.00 533.00 578.00Profit / Employees (in '000s) 17.00 19.00 10.00
Shareholders Return Return on Assets
Profit Margin Current Ratio
Debt / Total Assets Current Liabs / Net Worth
Balance sheet on December 31, 2008. LIABILITIES in 000'sCapital 13,088Capital stock 1,059Reserves 4,607Net profit or loss carried over 6,657Reevaluation adjustment of capital 134Retained profit or loss 631
Long term provisions 791Long term operating liabilities 36Long term financing liabilities 3,123Short term operating liabilities 7,735Short term financing liabilities 8,939Accruals and deferred income 100
ASSETS in 000'sFixed assets 12,176Intangible long term assets 807Tangible fixed assets 11,094Long term financial investments 197Long term operating receivables 78
Current assets 21,636Stocks 6,449Short term operating receivables 13,931Short term financial investments 907Cash 296Deferred expenses and accrued incomes 53
Total liabilities 33,812 Total assets 33,812
Profit and Loss Account from January 1, 2008 to December 31, 2008.in 000's
Net Sales 46,855Cost of goods, materials and services 38,475Gross Profit 8,380Labour costs 4,809Deprec. of intan.LT assetsand tan. fix.assets 1,723Current assets written off 489Other operating expenses 158Other operating income 240Operating profit or loss 1,441Income from stakes in other companies 32Interest income and other income from financing 63Interest expenses and other financing expenses 677Profit or loss from regular operations 859Extraordinary incomes 20Extraordinary expenses 54Total profit or loss 825Income tax 194Net profit 631
Cash flow statement from January 1, 2008 to December 31, 2008. in 000's
Opening balance of cash and cash equivalents 92Net profit 631Depreciation of intan. long term assets and tan. fixed assets 1,723Difference in stock (390)Difference in long term operating receivables 2Difference in short term operating receivables 1,737Difference in accured income 16Difference in short and long term operating liabilities (1,441)Difference in accruals and deferred income 87Core operating flow (365)Change in intangible fixed assets (5)Change in tangible fixed assets (654)Change in long term financing investment 10Change in short term financing investment (24)Net flow from investments 673Difference in long term financing liabilities (632)Difference in short term financing liabilities 2,891Difference in capital 758Difference in long term provisions (93)Net flow from financing activities 2,924
Closing balance of cash and cash equivalent 296Total cash flow 3,232
The above figures have been abstracted from audited accounts.Auditors: I-Revizija d.o.o., Ljubljana.
March 16, 2010: Miran Tiran Managing Director confirmed this report.
Share structure was provided by official sources on March 15, 2010. Subject stated income in 2009 was approximately 46,900,000 € and that subject is planning to increase its income in 2010 by 5 %.
On January 15, 2007 it was reported in Finance:Subject plans to invest 250,000,000 SIT in modernization of its machinery this year.
On February 12, 2008 it was reported in Finance:Subject plans to expand in year 2008 their operating on new markets in South Europe.
On April 15, 2008 it was reported in Delo:It has been reported that subject plans to establish new subsidiary in Beograd, Serbia&Montenegro. This is part of subjects expansion plans in Eastern Europe.
On June 11, 2008 it was reported in Finance:Subject announced decreased in production.
On October 5, 2008 it was reported in Finance:Subject signed an agreement on joint loan of 42 mio € with a group of foreign banks.
On December 15, 2008 it was reported in Dnevnik:Subject's managing director Miran Tiran stated that subject made 45 employees redundant due to financial crises.
On January 12, 2009 it was reported in Dnevnik:Subject appointed Metka Zvitorepec as new sales director on Januar 8, 2009.
On February 17, 2009 it was reported in STA-Slovenska tiskovna agencija / Slovenian Press Agency:Subject is planning to bulid new factory in Koper until 2010.
On April 8, 2009 it was reported in Dnevnik:Subject made redundant 10 contract employees due to current economic condition.
On June 17, 2009 it was reported in Finance:Subject`s orders for 2009 decreased by 5 %.
On November 9, 2009 it was reported in Dnevnik:Subject decrease wages by 10 %.
Currency
Exchange rate to US Dollar: 1 USD = 0.72 EUR on December 31, 2008
Exchange rate to US Dollar: 1 USD = 0.68 EUR on December 31, 2007
Exchange rate to US Dollar: 1 USD = 0.76 EUR on December 31, 2006
Conclusions
Reporter's opinion: Granting of credit is considered to be a fair trade risk.On average, this business pays its bills 4 days beyond terms.
D&B rating of 3A2 indicates:Financial strength of USD 12 - 25 million (based on net worth capital) and an overall condition which is Good (low risk).
Bonitetna hiša I, d.o.o., Ljubljana, Ulica Janeza Pavla II 8 (prej: Zrinjskega 4) phone. +386 1 234 29 40, fax. +386 1 234 29 58 [email protected] www.idoo.si
