ALRO SA Telephone Pitesti 116 Fax Slatina Olt Romania WEB

Transcription

1 Page 1 from 21 Company identification ALRO SA Telephone Pitesti 116 Fax Slatina Olt alro@alro.ro Romania WEB Crefo No. 167 Registration No. J28/8/1991 Tax No. RO Status Active Solvency index 220 S Solvency index between 151 and 220 means good rating. This class represents low risk in a business partnership, business connections are permissible, minimal credit risk. Solvency index is a very strong and capable early-alarm indicator enabling a fast assessment of solvency of business partners. The higher the solvency index, the higher the risk of default of a client. The solvency index ranges from 100, a very good rating, to 600 where highly negative characteristics are present. Solvency index history

2 Page 2 from 21 Economic situation Maximum credit limit (EUR) Business connection Business connections are permissible (21) Payment behaviour No complaints, but occasional delays (31) Basic information Legal form Joint Stock Co. Registration and changes established on 1961 as Intreprinderea De Aluminiu Slatina State Owned Enterprise Changes Legal form / Joint Stock Co. / Alro Sa Owners and Capital / Address / Nationality From Share VIMETCO N.V. AMSTERDAM, Holland Dutch 18/11/ , % FONDUL PROPRIETATEA SA BUCURESTI SECTORUL 1, Romania Romanian CONEF SA BUCURESTI SECTORUL 4, Romania Romanian PERSOANE JURIDICE N/A PERSOANE FIZICE N/A 21/07/ , % 26/10/2006 3, % 1, % 0, %

3 Page 3 from 21 Registered capital Currency Value Management / Address / Status Since Position Aleksandr Barabanov (birth date 08/05/1979) MOSCOVA, BALASHIKHA Rusia Administrator Anikin Artem (birth date 05/05/1983) MOSCOVA Rusia Dobra Gheorghe (birth date 25/02/1959) Romania Gheorghe Serghei (birth date 20/05/1960) BUCURESTI SECTORUL 5 Romania Machitski Pavel (birth date 04/01/1983) BUCURESTI SECTORUL 4 Romania Manaicu Adrian (birth date 10/09/1964) BUCURESTI SECTORUL 4 Romania Nastase Marian-Daniel (birth date 13/05/1972) ORAS VOLUNTARI Romania ERNST & YOUNG ASSURANCE SERVICES SRL BUCURESTI SECTORUL 1 Romania Dobra Gheorghe (birth date 25/02/1959) Romania Nastase Genoveva (birth date 20/01/1975) COMUNA GANEASA Romania Administrator 02/11/2007 Administrator 29/04/2014 Administrator Administrator 29/06/2009 Administrator 07/12/2012 Administrator Auditor 23/08/2007 Director Director Company addresses information

4 Page 4 from 21 Working points Bucuresti, Str.Splaiul Unirii - Rivergate Center, Nr.64 Subsidiaries Participation of the company Tax No. / Address Share Participations of the company RO ALUM SA 99, % RO CONEF SA 99, % RO VIMETCO EXTRUSION SRL 100, %

5 Page 5 from 21 Connections Through / Address Position Share CONEF SA RO ALCON SA shareholder 0, % FONDUL PROPRIETATEA SA RO ALCOM SA shareholder 71, % RO BIG TRADE SA shareholder 8, % RO BRD - GROUPE SOCIETE GENERALE SA shareholder 3, % RO RO RO RO COMPANIA NAŢIONALĂ ADMINISTRAŢIA PORTURILOR MARITIME - S.A.CONSTANŢA COMPANIA NATIONALA AEROPORTURI BUCURESTI SA COMPANIA NAŢIONALĂ ADMINISTRAŢIA CANALELOR NAVIGABILE SA COMPANIA NAŢIONALĂ ADMINISTRAŢIA PORTURILOR DUNĂRII MARITIME SA shareholder 20, % shareholder 20, % shareholder 20, % shareholder 7, % RO COMSIG SA shareholder 69, % RO ENEL DISTRIBUTIE BANAT S.A. shareholder 24, % RO ENEL DISTRIBUŢIE DOBROGEA SA shareholder 24, % RO ENEL DISTRIBUTIE MUNTENIA SA shareholder 12, % RO ENEL ENERGIE MUNTENIA SA shareholder 12, % RO ENEL ENERGIE SA shareholder 12, % RO ENGIE ROMANIA S.A. shareholder 11, % RO FILIALA DE DISTRIBUŢIE A ENERGIEI ELECTRICE ELECTRICA DISTRIBUŢIE MUNTENIA NORD SA shareholder 22, % RO IOR SA shareholder 2, % RO MECON SA shareholder 12, % RO PALACE SA shareholder 15, % RO PRIMCOM SA shareholder 75, % RO ROMAERO SA shareholder 21, %

6 Page 6 from 21 RO SOCIETATEA COMPLEXUL ENERGETIC OLTENIA S.A. shareholder 21, % RO SOCIETATEA DE PRODUCERE A ENERGIEI ELECTRICE IN HIDROCENTRALE HIDROELECTRICA S.A. shareholder 19, % RO SOCIETATEA FILIALA DE DISTRIBUTIE A ENERGIEI ELECTRICE ELECTRICA DISTRIBUTIE TRANSILVANIA SUD S.A. shareholder 21, % RO SOCIETATEA FILIALA DE DISTRIBUTIE A ENERGIEI ELECTRICE ELECTRICA DISTRIBUTIE TRANSILVANIA NORD S.A. shareholder 22, % RO SOCIETATEA NAŢIONALĂ AEROPORTUL INTERNAŢIONAL MIHAIL KOGĂLNICEANU-CONSTANŢA SA shareholder 20, % RO SOCIETATEA NAŢIONALĂ AEROPORTUL INTERNAŢIONAL TIMIŞOARA-TRAIAN VUIA- SA shareholder 20, % RO SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA shareholder 14, % RO SOCIETATEA NATIONALA PLAFAR SA shareholder 49, % RO TURDAPAN SA shareholder 44, % RO WORLD TRADE HOTEL SA shareholder 19, % RO ZIROM SA shareholder 100, % Dobra Gheorghe RO ALUM SA administrator Machitski Pavel RO CONEF SA administrator RO VIMETCO MANAGEMENT ROMANIA SRL administrator RO VIMETCO TRADING SRL administrator Manaicu Adrian RO EDAMER SRL administrator and shareholder RO EXEC-EDU-FORMARE CONTINUA administrator MANAGERIALA SRL 100, % RO PORSCHE BANK ROMANIA SA administrator

7 Page 7 from 21 Nastase Marian-Daniel RO CONEF SA administrator RO D.Z. SECURITIES SRL shareholder 1, % RO OCTOGON IMOBILIARE SRL shareholder 47, % RO VIMETCO MANAGEMENT ROMANIA SRL administrator RO VIMETCO TRADING SRL administrator Business activities Main activity Nace Aluminium production 2442 Legal office and working spaces at the above mentioned address Economic data Turnover and Employees Date Turnover Employees , , ,

8 Page 8 from 21 Properties According to the Balance Sheet of date the company holds real estates with a book value of ,00, but we do not have any other details on the type and location of these assets. Supplementary data Banks Financial Institution Alpha Bank Banca Comerciala Romana Banca Romana De Dezvoltare Groupe Societe Generale Eximbank Raiffeisenbank Romania Unicredit Tiriac Bank Branch Slatina Slatina Slatina Slatina Slatina Slatina The subject is registered in the Electronic Archive for Secured Transactions, as having credits at: - Alpha Bank, Slatina - Banca Comerciala Romana, Slatina - Banca Romana De Dezvoltare Groupe Societe Generale, Slatina - Eximbank, Slatina - Raiffeisenbank Romania, Slatina - Unicredit Tiriac Bank, Slatina These credits are guaranteed with cash-flow. Main indices Payment experience and credit opinion Maximum credit limit (EUR) Business connection Business connections are permissible (21) Payment behaviour No complaints, but occasional delays (31) Negative events According to the information registered at the Ministry of Finance, the company has no overdue debts to the State budget as of There are no records related to the subject at the Payment Incidents Bureau (CIP) in the period There are no records related to the subject company in our debt collection department. There are no records related to the subject company at the Insolvency Proceedings Bulletin. The subject company is not registered with legal proceedings opened against it, according to Court Portal.

9 Page 9 from 21 Balances Assets Incorporation expenses r1 N/A N/A N/A Development expenses r2 N/A N/A Concession rights, patents, licences, trademarks, similar rights and assets and other intangible fixed assets r3 N/A Goodwill r4 N/A N/A N/A Down payments and intangible fixed assets in progress r5 N/A N/A N/A TOTAL INTANGIBLE FIXED ASSETS r6 N/A Land and buildings r7 N/A Technical installations and machines r8 N/A Other installations, machinery and furniture r9 N/A Down payments and tangible fixed assets in progress r10 N/A TOTAL TANGIBLE FIXED ASSETS r11 N/A Shares in subsidiaries r12 N/A Loans given to subsidiaries r13 N/A N/A N/A Participating interests r14 N/A N/A N/A Loans given to associates r15 N/A N/A N/A Other long term investments r16 N/A Other loans r17 N/A N/A N/A TOTAL CAPITAL ASSETS r18 N/A NON CURRENT ASSETS - TOTAL r19 N/A Raw materials and consumables r20 N/A Work in progress r21 N/A Finished goods r22 N/A Down payments on inventory purchases r23 N/A TOTAL INVENTORIES r24 N/A Trade receivables r25 N/A Receivables from subsidiaries r26 N/A N/A N/A Receivables from entities in respect of participating interests r27 N/A N/A N/A Other receivables r28 N/A Unpaid subscribed capital r29 N/A N/A N/A TOTAL RECEIVABLES r30 N/A Shares in subsidiaries r31 N/A N/A N/A Other short-term investments r32 N/A N/A N/A TOTAL SHORT-TERM INVESTMENTS r33 N/A N/A N/A PETTY CASH AND BANK ACCOUNTS r34 N/A CURRENT ASSETS - TOTAL r35 N/A

10 Page 10 from 21 PREPAID EXPENSES r36 N/A TOTAL ASSETS r37 N/A Liabilities Debenture loans r38 N/A N/A N/A Amounts payable to credit entities r39 N/A Down payments received on orders in progress r40 N/A Commercial debts - suppliers r41 N/A Commercial bills due r42 N/A Amounts payable to subsidiaries r43 N/A N/A Amounts payable to associates in respect of participating interests Other debts, including fiscal debts and amounts payable to social security r44 N/A N/A N/A r45 N/A TOTAL SHORT-TERM DEBTS r46 N/A NET CURRENT ASSETS/NET CURRENT DEBTS r47 N/A TOTAL ASSETS MINUS CURRENT DEBTS r48 N/A Debenture loans r49 N/A N/A N/A Amounts payable to credit entities r50 N/A Down payments received on orders in progress r51 N/A N/A N/A Commercial debts - suppliers r52 N/A N/A N/A Commercial bills due r53 N/A N/A N/A Amounts payable to subsidiaries r54 N/A N/A Amounts payable to associates in respect of participating interests Other debts, including fiscal debts and amounts payable to social security r55 N/A N/A N/A r56 N/A TOTAL -TERM DEBTS r57 N/A Provisions for pensions and other similar obligations r58 N/A N/A N/A Provisions for taxes r59 N/A N/A N/A Other provisions r60 N/A TOTAL DEBTS r61 N/A TOTAL PROVISIONS r62 N/A Grants for investments r63 N/A deferred income r64 N/A TOTAL DEFERRED INCOME r65 N/A Subscribed and paid capital r66 N/A Subscribed and unpaid capital r67 N/A N/A N/A Assets and liabilities (public sector companies) r68 N/A N/A N/A

11 Page 11 from 21 TOTAL SHARE CAPITAL r69 N/A CAPITAL PREMIUM r70 N/A REVALUATION RESERVES r71 N/A N/A N/A Legal reserves r72 N/A Statutory or contractual reserves r73 N/A N/A N/A Reserves representing the revaluation reserve surplus r74 N/A N/A N/A Other reserves r75 N/A TOTAL RESERVES r76 N/A Own shares r77 N/A N/A N/A Earnings associated to own capital instruments r78 N/A N/A N/A Losses associated to own capital instruments r79 N/A N/A N/A Reported profit or loss (e) Balance account C r80 N/A Reported profit or loss (e) Balance account D r81 N/A Profit or loss as per the financial year Balance account C Profit or loss as per the financial year Balance account D r82 N/A N/A N/A r83 N/A Profit distribution r84 N/A N/A N/A SHAREHOLDERS EQUITY - TOTAL r85 N/A Public patrimony r86 N/A N/A N/A EQUITY - TOTAL r87 N/A TOTAL LIABILITIES r88 N/A Profit and Loss Account Net turnover r89 N/A Own work sold r90 N/A Income from the sale of goods r91 N/A Income from interests made by leasing r92 N/A N/A N/A Income from grants related to income corresponding to net turnover r93 N/A N/A N/A -Balance account C r94 N/A N/A Balance account D r95 N/A N/A Production made by the entity for its own purposes and capitalized r96 N/A Other operating income r97 N/A OPERATING INCOME - TOTAL r98 N/A Expenses on raw materials and consumables r99 N/A Other expenses supplies and materials r100 N/A

12 Page 12 from 21 Other outsourced expenses (electricity and water) r101 N/A Expenses on goods r102 N/A Expenses on personnel, of which: r103 N/A Salaries and benefits r104 N/A Insurance and social security costs r105 N/A Adjustments of the value of tangible and intangible fixed assets r106 N/A Expenses r107 N/A Income r108 N/A Adjustments of the value of current assets r109 N/A Expenses r110 N/A Income r111 N/A Other operating costs r112 N/A Expenses on third party services r113 N/A Expenses on other taxes, duties and similar charges Expenses on compensations, donations and assigned assets Expenses with refinancing interest rates of leasing entities r114 N/A r115 N/A r116 N/A N/A N/A Adjustments of provisions r117 N/A Expenses r118 N/A income r119 N/A OPERATING EXPENSES - TOTAL r120 N/A Profit r121 N/A Loss r122 N/A 0 0 Income from participating interests, of which: r123 N/A income obtained from subsidiaries r124 N/A N/A N/A

13 Page 13 from 21 Income from other financial investments and loans which are part of intangible fixed assets (acc. 763), of which: r125 N/A income obtained from subsidiaries r126 N/A N/A N/A Income from interest rates, of which: r127 N/A income obtained from subsidiaries r128 N/A Other financial income r129 N/A FINANCIAL INCOME - TOTAL r130 N/A Value adjustments in respect of capital assets and investments as current assets r131 N/A N/A Expenses r132 N/A N/A income r133 N/A N/A N/A Interest expenses r134 N/A of which, expenses in respect of subsidiaries r135 N/A Other financial expenses r136 N/A FINANCIAL EXPENSES - TOTAL r137 N/A Financial profit r138 N/A Financial loss r139 N/A Current profit r140 N/A N/A N/A - Current loss r141 N/A N/A N/A Extraordinary income r142 N/A N/A N/A Extraordinary expenses r143 N/A N/A N/A - Extraordinary profit r144 N/A N/A N/A - Extraordinary loss r145 N/A N/A N/A TOTAL INCOME r146 N/A TOTAL EXPENSES r147 N/A Gross profit r148 N/A

14 Page 14 from 21 - Gross loss r149 N/A Income tax r150 N/A Other taxes which are not recorded above r151 N/A N/A N/A - Net profit r152 N/A Net loss r153 N/A Net result r154 N/A Additional information Outstanding payments-total, of which: - TOTAL r155 N/A N/A N/A Accounts payable outstanding- total, of which: - TOTAL r156 N/A N/A N/A over 30 days - TOTAL r157 N/A N/A N/A over 90 days - TOTAL r158 N/A N/A N/A over 1 year - TOTAL r159 N/A N/A N/A Outstanding payments to social security- total, of which: - TOTAL contributions to social security payable by employers, employees and other assimilated entities - TOTAL contributions to the social health insurance fund - TOTAL contribution to the additional state pension system - TOTAL r160 N/A N/A N/A r161 N/A N/A N/A r162 N/A N/A N/A r163 N/A N/A N/A contributions to the unemployment fund - TOTAL r164 N/A N/A N/A other social liabilities - TOTAL r165 N/A N/A N/A Payments due to special funds and other funds - TOTAL r166 N/A N/A N/A Payments due to other creditors - TOTAL r167 N/A N/A N/A Taxes and fees unpaid to the public budget on the date due - TOTAL Taxes and fees unpaid to the local budget on the date due - TOTAL r168 N/A N/A N/A r169 N/A N/A N/A

15 Page 15 from 21 Bank credits which were not reimbursed on the date due - total, of which: - TOTAL r170 N/A N/A N/A back payments after 30 days - TOTAL r171 N/A N/A N/A back payments after 90 days - TOTAL r172 N/A N/A N/A back payments after 1 year - TOTAL r173 N/A N/A N/A Past due interest - TOTAL r174 N/A N/A N/A Average number of employees r175 N/A Specific tangible fixed assets Lands r176 N/A N/A Buildings r177 N/A N/A Technical installations and machines r178 N/A N/A Amortization r179 N/A N/A N/A Financial Ratios Debt Ratio R1 0,51 0,51 Quick ratio R2 0,65 1,55 Current ratio R3 1,09 3,17 Solvency ratio R4 0,11 0,77 Return on sales ( ROS ) R5 0,00 0,00 Return on assets ( ROA ) R6 0,00 0,00 Return on equity ( ROE ) R7 0,00 0,00 Operating margin, in (%) R8 0,00 0,07 Days supply in inventory R9 80,56 90,30 Days sales in receivables R10 93,42 58,84 Days purchase in payables R11 183,56 55,78 SALES TO TOTAL ASSETS R12 0,90 1,01 OPERATING RESULT /TOTAL ASSETS R13 0,00 0,07 CASH RATIO R14 0,14 0,50 Equity as % of total assets R15 48,01 46,47 Fixed assets as % of total assets R16 50,77 49,40

16 Page 16 from 21 Receivables as % of current assets R17 46,83 33,28 Net working capital R , ,00 Exchange rate USD 1, = 3,33 EUR 1, = 4,42 USD 1, = 3,35 EUR 1, = 4,44 USD 1, = 4,01 EUR 1, = 4,44 The credit rating index may vary farom 100 to 600 points as follows: 0 new company or no official or other information available very good good average strained weak insufficient

17 Page 17 from 21 Financial analysis Debt ratio Quick ratio r61 r37 The debt ratio calculates the proportion the total assets is financed from sources other than ones own, such as loans, suppliers or debts to the state (r35 r24) r46 Quick ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Current ratio ( CR ) Solvency ratio r35 r46 Reflecta capacitatea unei companii de a face fata tuturor scadentelor sale, atat pe termen scurt cat si pe termen mediu si lung. r57 r85 The solvency ratio measures the size of a company s after-tax income, excluding non-cash depreciation expenses, as compared to the firm s total debt obligations. It is the company s ability to meet long-term obligations.

18 Page 18 from 21 Return on sales (ROS) Return on assets (ROA) r152 r89 Return on sales (ROS) is net profit as a percentage of sales revenue. ROS is an indicator of profitability and is often used to compare the profitability of companies and industries of differing sizes. r152 r37 ROA measures efficiency of the business in using its assets to generate net income Return on equity (ROE) Operating margin, in % r152 r85 ROE is the ratio of net income of a business during a year to its shareholders equity during that year. It is a measure of profitability of shareholders investments. r121 r89 A financial measure of a company s performance that gives investors an idea of how long it takes a company to turn its inventory (including goods that are work in progress, if applicable) into sales.

19 Page 19 from 21 Days supply in inventory Days sales in receivables (r24 r89) 365 Approximate number of times the stock was run during the financial year. (r30 r89) 365 A financial indicator to measure how many days on average it takes to turn your accounts receivable balance into cash. Therefore it measures the efficiency of your collections policy and department. Days purchase in payables Sales to Total Assets (r46 r89) 365 A financial indicator which shows how long a company is taking to pay its trade creditors. It is typically looked at either quarterly or yearly (90 or 365 days). r89 r37 Sales to total assets (S/TA) ratio shows how much sales are generated per one of assets, or how effectively the company uses its assets.

20 Page 20 from 21 Operating result / Total assets Cash ratio r121 r37 Measures efficiency of the business in using its assets to generate net income. r34 r46 The ratio of a company s total cash and cash equivalents to its current liabilities. The cash ratio is most commonly used as a measure of company liquidity. It can therefore determine if, and how quickly, the company can repay its short-term debt. Equity as % of total assets Fixed assets as % of total assets (r85 r37) 100 The equity ratio is a financial ratio indicating the relative proportion of equity used to finance a company s assets. (r19 r37) 100 The percentage of fixed assets of total assets. Fixed assets are also known as tangible assets or property, plant, and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash.

21 Page 21 from 21 Receivables as % of current assets Net working capital e+00 4e+08 8e (r30 r35) 100 The percentage of receivables of current assets. Receivables may refer to the amount due from individuals and companies. Receivables are claims that are expected to be collected in cash. r35 r46 The formula for net working capital is used to determine the availability of a company s liquid assets by subtracting its current liabilities.