CREDIT REPORT COMPANY REPORTED EXAMPLE , A.S. Principal Address: Example Street 1 000 00 Blansko Czech Republic Telephone: +000-000000000, +000-000000000 Fax: +000-000000000 Email: example@ example.cz Web: www. example.cz Registered office: Gellhornova 0000/0 000 00 Blansko Czech Republic Former company addresses Former Registered office: Example Street 1 000 00 Blansko Czech Republic ICON number: 00000000 National ID: 00000000 VAT number: CZ00000000 Registration status: 11.10.2006 - registered company Activity status: 11.10.2006 - active company Date of Last Research: 15.06.2011 CREDIT INFORMATION SUMMARY Insolvency Information: According to available information sources the company is not in a insolvency/preliminary/debt regulation proceeding. Maximum Credit: EUR 0,00 Due to negative impact of debt collection cases we refrain from a credit advice. Maximum Credit is to be understood as the highest possible engagement for a supplier delivering goods or rendering services on open terms with an average respite of 60 days. (It is assumed that, on the average, the company in question has 5 suppliers, who deliver goods or render services at the same time.) Credit Scoring: score: 2 - Very high risk of insolvency Insolvency / preliminary / debt regulation proceedings 0 Very High Risk 1 2 Medium High Risk 3 4 5 Low Risk 6 7 8 9 10 ▲ The Credit Scoring is expressed as an scoring with values from 0 (Insolvency/preliminary/debt regulation proceedings) to 10 (excellent risk). The scoring denominates the probability of default for the company within 12 months from the date the scoring score was set. Payment Practices: Payments are made irregularly. Further Scoring Researched company is categorized as a big company. Information: Turnover volume of CZK 555.533.000 in the year 2009 increased by 19,89% compared with 2008. In the previous period this change was 422,70%. Fixed assets increased by EUR 781.068 and are 14,05% of total assets. Working capital of CZK 222.057.000 increased for 86,79% compared with the last period. The indebtedness of the company is caused mainly by the liabilities to sole shareholder, prepayments. Debt Collection Distribution of debt amounts Medium level of outstandings High level Medium level Low level 0% 100% 0% 0% court 25% closed negative 0% open 75% closed positive CZK 69.315,10 (Invoice date: 20.08.2008) Status: closed negative (10.03.2010) - debtor will not pay - debtor has no money Case received on: 17.06.2009 EUR 5.870,03 (Invoice date: 01.02.2010) Status: closed positive (11.06.2010) - whole amount paid, debtor refuses to pay expenses and fees Case received on: 05.05.2010 EUR 2.908,50 (Invoice date: 13.07.2010) Status: closed positive (06.12.2010) - whole amount paid, debtor refuses to pay expenses and fees Case received on: 07.10.2010 EUR 893,81 (Invoice date: 01.02.2011) Status: closed positive (10.06.2011) - whole amount paid, debtor refuses to pay expenses and fees Case received on: 10.05.2011 COMPANY DETAILS Established: 2006 Registration: No. B 0000 11.10.2006 Brno, Czech Republic Legal Form: 11.10.2006 joint stock company Capital: Nominal capital: CZK 102.000.000,00 since 31.01.2007 Shareholders: Management: Related Companies: Address Equity capital Full Name Function T..., o... a... s... Registration: Russian Federation Shareholder Example Street 100,00% 24.03.2010 - 13 Present 000000 SizraŇ, Russian Federation Full Name Function Address B... S... 22.03.2010 Present Chairman of the executive Example Street 55board 34 000000 Syzran Russian Federation M... S... 22.03.2010 Present Member of the executive board Example Street 5/1.359 St. Petersburg Russian Federation T... S... 16.06.2010 Present Chairman of the supervisory board Example Street Moskva Russian Federation shareholder of Č... B... S...L H..., s.r.o. , Czech Republic , National ID: 00000000 other relationship Č... B... S...,a.s. , Czech Republic , National ID: 00000000 KEY DATA ON OPERATIONS Subject of Operation: NACE main activity: 2800 Manufacture of machinery and equipment n.e.c. 4610 Wholesale on a fee or contract basis 4690 Non-specialised wholesale trade 7320 Market research and public opinion polling 7022 Business and other management consultancy activities 7310 Advertising 6920 Accounting, bookkeeping and auditing activities; tax consultancy NACE codes given are based on the most recent NACE Revision 2. The company is active in the sector 'Mechanics and precision'. Note: the Scoring for this industry in the emerging markets of CEE is 'B-' (Last scoring: 'B-') Key Data: Amounts shown in Euro (EUR) Turnover Fixed assets Equity Liabilities Profit after taxation Loss after taxation Operating result - profit Operating result - loss 2009 21.007.109 3.502.061 4.402.609 20.492.948 0 16.487 1.339.497 0 Return on assets (ROA) (Net result / TOTAL ASSETS) * 100 Return on equity (ROE) (Net result / Equity capital) * 100 Workforce: Total workforce Motor Vehicles: Total number of vehicles 2008 18.577.740 2.720.993 4.685.430 12.909.270 371.662 0 804.226 0 2007 3.193.178 2.366.220 3.875.585 3.279.231 221.850 0 193.142 0 2006 5.751 50.630 8.538 0 19.934 0 20.076 2009 NEGATIVE 2008 2,10 2007 2,98 2006 NEGATIVE NEGATIVE 7,93 5,72 NEGATIVE 2011 266 2010 266 2009 276 2008 120 2009 5 FINANCIAL INFORMATION Financials: Amounts shown in Euro (EUR) 2009 2008 2007 2006 24.919.606,73 17.703.311,68 7.437.216,34 59.309,18 3.502.060,88 505.917,94 2.720.992,70 225.042,10 2.366.220,01 69.627,55 5.750,98 3.210,67 2.542.370,96 2.327.559,94 2.217.347,45 2.540,31 3.214,22 3.407,91 2.197.920,21 2.312.645,34 2.204.380,09 2.540,31 453.771,98 168.390,67 79.245,01 453.771,98 168.390,67 79.245,01 20.604.764,61 14.912.076,02 5.038.794,04 17.005.672,15 337.606,35 11.457.461,31 309.718,55 1.160.975,43 3.212.629,99 2.919.653,60 3.551.977,52 1.360.030,25 1.668.711,41 269.613,14 48.856,12 48.856,12 225.242,56 225.242,56 325.841,08 325.841,08 24.521,05 24.521,05 812.781,24 70.242,96 32.202,29 25.826,48 24.919.606,73 17.703.311,68 7.437.216,34 59.309,18 4.402.609,19 3.857.061,83 4.685.430,20 4.089.487,61 3.875.585,33 3.674.086,88 50.629,79 70.564,16 BALANCE SHEET ASSETS TOTAL ASSETS FIXED ASSETS Intangible fixed assets Tangible fixed assets from that: Land and structures from that: Individual movable assets and sets of movable assets Non-current financial assets from that: Equity investments in subsidiaries and in associates CURRENT ASSETS Inventories Long-term receivables Short-term receivables from that : Trade receivables Liquid assets from that: Cash on hand and at bank ACCRUALS 27.731,72 3.210,67 EQUITY & LIABILITIES TOTAL LIABILITIES EQUITY Share capital Statutory funds Retained earnings Profit or loss for the current period LIABILITIES Reserves Long-term liabilities Short-term liabilities from that : Trade payables from that: Payables to subsidiaries (short term) from that: Shortterm prepayments received Bank loans and borrowings from that: Shortterm bank loans and borrowings ACCRUALS BALANCE SHEET TOTAL 64.095,29 497.939,12 49.394,60 174.885,73 -20.351,56 -16.487,05 371.662,26 221.850,01 -19.934,38 20.492.947,63 602.041,97 2.407.146,91 12.909.269,51 180.859,59 2.412.076,02 3.279.230,60 9.185,22 55.363,45 8.538,26 12.207.827,57 10.145.778,21 3.214.681,94 8.538,26 3.872.527,89 1.301.178,73 520.783,81 2.505,03 1.886.897,33 2.157.846,20 266.767,52 3.795.159,77 4.138.681,74 2.110.726,89 5.275.931,18 170.555,69 5.275.931,18 170.555,69 24.049,91 24.919.606,73 108.611,98 17.703.311,68 282.400,40 7.437.216,34 141,13 59.309,18 PROFIT & LOSS ACCOUNT Turnover Change in internally produced inventory Own work capitalized Other operating revenues Total operating income Costs of sold goods Purchased consumables and services Staff costs Taxes and charges 21.007.109,09 5.351.900,17 18.577.740,36 10.208.002,57 1.134,43 3.193.177,72 349.146,32 11.562,57 1.206.466,25 74.532,92 7.312,15 35,28 27.566.609,95 28.860.275,84 3.561.198,76 35,28 3.100,78 157.886,30 458.864,64 19.944.223,86 24.312.765,62 1.028.492,18 12.031,19 4.165.551,14 10.323,31 3.003.808,84 2.525,86 1.774.475,90 3.025,72 7.515,08 352,82 Depreciations of intangible and tangible assets Other operating expenses Total operating expenses OPERATING PROFIT / LOSS Financial income Financial expenses there of : Interest expenses PROFIT/LOSS BEFORE TAX Corporation income tax PROFIT OR LOSS FOR THE CURRENT PERIOD 367.063,72 317.977,71 84.359,92 70,56 1.736.850,07 261.085,72 18.838,70 141,13 26.227.112,88 28.056.050,04 3.368.057,06 20.110,79 1.339.497,07 804.225,80 193.141,70 -20.075,50 550.160,71 1.882.699,94 320.142,73 591.452,17 14.461.133,92 14.373.388,08 282,26 141,13 386.159,95 134.311,60 235.501,77 6.957,84 532.916,37 280.887,54 23.444,89 161.254,11 59.037,53 -16.487,05 371.662,26 221.850,01 -19.934,38 -19.934,38 The company is obliged by law to publish its financial statements. The balance sheet data are from official sources. 2010-The complete financial statement has not been published and are not officially available. 2010 The financial data have not been issued yet. Approximate Exchange Rates: Financial data source: 2010: 25,29 CZK = 1 EUR 2009: 26,445 CZK = 1 EUR 2008: 24,942 CZK = 1 EUR 2007: 27,762 CZK = 1 EUR 2006: 28,343 CZK = 1 EUR 2010: 19,111 CZK = 1 USD 2009: 19,057 CZK = 1 USD 2008: 17,035 CZK = 1 USD 2007: 20,308 CZK = 1 USD 2006: 22,609 CZK = 1 USD Date: 02.06.2008 Financials have been audited Auditor: Ing. P... P..., č. osv. 000 Company: F... s.r.o., č. osv. 000 Date: 17.03.2009 Financials have been audited Auditor: Ing. J... Š..., č. osv. 0000 Company: F... s.r.o., č. osv. 000, Date: 30.03.2010 Financials have been audited Auditor: Ing. J... Š... Company: F... s.r.o. Clean opinion Bankers: Č... o... b..., a. s. B... Ratios: 2009 1,18 2008 1,45 2007 1,57 2006 3,25 Liquidity Ratio - 3.stage current assets / (Short-term liabilities + Short-term bank credits and loans) Liquidity Ratio - 2.stage 0,19 0,30 1,21 3,25 (Short-term receivables + Liquid assets) / (Short-term liabilities + Short-term bank credits and loans) Liquidity Ratio - 1.stage 0,00 0,02 0,10 2,87 Liquid assets / (Short-term liabilities + Short-term bank credits and loans) Return on assets (ROA) NEGATIVE 2,10 2,98 NEGATIVE (Net result / TOTAL ASSETS) * 100 Return on equity (ROE) NEGATIVE 7,93 5,72 NEGATIVE (Net result / Equity capital) * 100 Return on sales ( ROS ) NEGATIVE 2,00 6,95 Net profit / Turnover Receivables Maturity Date (day) 55,82 57,36 406,01 (Short-term receivables / Turnover) * 365 Liabilities Maturity Date (day) 212,11 199,34 367,46 (Short-term liabilities / Turnover) * 365 Debt Ratio 82,24 72,92 44,09 14,40 (Liabilities / Total Liabilities) * 100 Stock rotation in days 311,17 170,90 284,91 stock / (production consumption + expenses on sold goods) * 360 Net working capital EUR EUR EUR EUR Current assets - Short-term liabilities 8.396.937,04 4.766.297,81 1.824.112,10 19.193,45 Average values of ratios of enterprises with 100 or more employees in the sector of manufacture of machinery and equipment n.e.c. are following: Liquidity Ratio - 3.stage: 1,54 Liquidity Ratio - 2.stage: 1,07 Liquidity Ratio - 1.stage: 0,35 ROA: 5,33 % ROE: 14,97 % ROS: 5,17 % Receivables Maturity Date: 85,49 days Liabilities Maturity Date: 118,98 days Debt Ratio: 47,75 % Stock rotation date: 87,49 days Net working capital: 43 631 591 CZK Currency Conversion Information: Financial values have been converted to EUR. Find below the exchange rates used for the listed financial dates: 2009: 1 EUR = 26,45 CZK (yearly average rate 2009) 2008: 1 EUR = 24,94 CZK (yearly average rate 2008) 2007: 1 EUR = 27,76 CZK (yearly average rate 2007) 2006: 1 EUR = 28,34 CZK (yearly average rate 2006) ADDITIONAL INFORMATION Contact With Company: Name and surname: Mrs. Š... Function: assistant Date: 15.06.2011 Information given in report has been confirmed. CODES AND DEFINITIONS Credit Scoring 10 9 8 7 6 5 4 3 2 1 0 Excellent risk Very low risk Low risk Moderate risk Acceptable risk Medium high risk Significant risk High risk Very high risk of insolvency Extremely high risk of insolvency Insolvency/preliminary/debt regulation proceedings Payment Practices Payments are made very correctly. - According to our experiences payments are made regularly. Payments are made mostly according to terms - Payments are made irregularly. - Payments are made slowly. - Payments are made very slowly. - Payments are extremely slow, constantly legal actions occur. - Payments stopped. Sector Scoring In a good sector economic environment with robust corporate financial health, payment behaviour has been satisfactory. Corporate default probability is low on average. The essentially good economic environment in the sector could experience short-term B+, B, B- deterioration with negative consequences on corporate financial health. Payment behaviour has been generally satisfactory and default probability acceptable. In a very uncertain economic environment with vulnerable corporate financial health, C+, C, Cpayment behaviour is relatively poor. Default probability is high enough to cause concern. With a very poor economic environment prevailing in the sector, weakened corporate D financial health gives rise to generally bad payment behaviour. Default probability is high. A+, A, A- Distribution of debt amounts High level Medium level Low level > 25000 Euro > 500 Euro & < 25000 Euro < 500 Euro © 2013 axesor conocer para decidir S.A. NIF. A-18/413302. All rights reserved.