Creditreform reportCrefo No.: 345479 Company · PDF fileCreditreform reportCrefo No.: 345479 Company identiﬁcation ... established on 25.01.1999 as Intra Serv Srl Private Limited

Creditreform Romania

Date / Time 17/02/2017 / 11:06Customer No. RO - 1247Your No. /

Order No. 1470624Last research date 17/02/2017Page 1 from 16

Creditreform report Crefo No.: 345479

Company identification

INTRA SERV SRL Telephone +40 265 259276Mihai Eminescu 77 Fax +40 265 259277545200 Ludus Mures WEB http://www.intraserv.ro/Romania

Crefo No. 345479 Registration No. J26/55/1999Tax No. RO 11411842 Status Active

Solvency index

S340

Solvency index between 321 and 399 means ”strained rating”.

This class represents strained risk in a business partnership. Business connections are not denied, credits requiresecurities.

Solvency index is a very strong and capable early-alarm indicator enabling a fast assessment of solvency of busi-ness partners. The higher the solvency index, the higher the risk of default of a client. The solvency index ranges from100, a very good rating, to 600 where highly negative characteristics are present.

Solvency index history

600

500

400

300

200

100

2009 2011 2014 2017

600

500

400

300

200

100

330 320275

340

This report is only intended for the recipient. Liability for any kind of negligence is disclaimed for the contents of the report and the decisions resulting from this. This report is based oninformation at our disposal at the time of the preparing of the report; no claim on completeness is raised in this regard. This also applies to vicarious agents.





Economic situation

Maximum credit limit Credits require securities (42)Business connection Business connections are not denied (41)Payment behaviour Partly within agreed credit terms, partly with delays (42)

Basic information

Legal formPrivate Limited Company

Registration and changes

established on 25.01.1999 as Intra Serv Srl Private Limited Company

Owners and Capital

Name / Address / Nationality From ShareBocicor Alin - Ovidiu (birth date 02/09/1977)MUNICIPIUL TIRGU MURES, RomaniaRomanian

25/01/1999 40,000000 %

Bocicor Leontin Vasile (birth date 28/08/1947)LUDUS, RomaniaRomanian

11/11/2016 30,000000 %

Bocicor Ioan Leontin (birth date 10/05/1974)MUNICIPIUL TIRGU MURES, RomaniaRomanian

11/11/2016 30,000000 %

Registered capital

Currency ValueRON 200.000

Management






Name / Address / Status Since PositionBocicor Alin Ovidiu (birth date 02/09/1977)MUNICIPIUL TIRGU MURESRomania

22/12/1998 Administrator

Company addresses information

Working pointsTargu Mures, Str.Dezrobirii, Nr.23

Subsidiaries

Connections

Through Name / Address Position ShareBocicor Ioan Leontin

RO 30457579 BOCICOR IOAN LEONTIN PERSOANA FIZICAAUTORIZATA

shareholder 0,00000000%

RO 28379819 INTRASERV ELECTRIC SRL shareholder 100,00000000%

Business activities

Main activity NaceElectrical installation 4321Additional activities NaceWholesale of hardware, plumbing and heating equipment and supplies 4674Engineering activities and related technical consultancy 7112

Legal office at the above mentioned address

Economic data

Turnover and Employees

Date Turnover Employees






31.12.2015 11.176.137 RON 3731.12.2014 7.501.125 RON 3531.12.2013 4.180.567 RON 3031.12.2012 6.541.136 RON 2631.12.2011 6.693.974 RON 2731.12.2010 6.003.463 RON 2731.12.2009 4.875.330 RON 2731.12.2008 3.740.376 RON 2231.12.2007 3.864.812 RON 1831.12.2006 3.008.327 RON 931.12.2005 1.341.567 RON 331.12.2004 812.222 RON 331.12.2003 357.375 RON 131.12.2002 40.863,8 RON31.12.2001 5.164,8 RON

PropertiesAccording to the Balance Sheet of 31.12.2015 date the company holds real estates with a book value of 3.013.600,00RON, but we do not have any other details on the type and location of these assets.

Supplementary data

Banks

Financial Institution BranchBanca Comerciala Carpatica Targu MuresBanca Transilvania S.A. Targu Mures

The subject is registered in the Electronic Archive for Secured Transactions, as having credits at:- Banca Transilvania S.A., Targu MuresThese credits are guaranteed with cash-flow and fixed assets.If the company is asking for credits, for which the company has to present guarantees, these have to be first verified.

Main indices

Payment experience and credit opinion

Maximum credit limit Credits require securities (42)Business connection Business connections are not denied (41)Payment behaviour Partly within agreed credit terms, partly with delays (42)






Negative eventsAccording to the information registered at the Ministry of Finance, the company has no overdue debts to the State budgetas of 30.09.2016.

The history of incidents records at the Payment Incidents Bureau (CIP)in period: 17.02.2010 - 17.02.2017.Thecompany is recorded at the Payment Incidents Bureau (CIP) with 78 incidents related to promissory note in the period17.02.2010 - 22.03.2013.The total amount of payment: 725.697,00 RON.

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.

Balances

Assets

Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

INTANGIBLE FIXED ASSETS r1 388 5.118 0

TANGIBLE FIXED ASSETS r2 2.658.295 3.650.097 3.832.776

CAPITAL ASSETS r3 0 0 0

FIXED ASSETS - TOTAL r4 2.658.683 3.655.215 3.832.776

INVENTORIES r5 958.833 1.032.111 865.596

RECEIVABLES r6 2.045.369 1.726.201 3.632.921

SHORT-TERM INVESTMENTS r7 0 0 0

PETTY CASH AND BANK ACCOUNTS r8 289.072 491.096 458.497

CURRENT ASSETS - TOTAL r9 3.293.274 3.249.408 4.957.014

PREPAID EXPENSES r10 16.825 31.714 22.185

TOTAL ASSETS r11 5.968.782 6.936.337 8.811.975

Liabilities

Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

DAT.I: AMOUNTS THAT MUST BE PAIDDURING A PERIOD OF MAX. ONE YEAR

r12 2.369.876 2.509.231 2.606.438

NET CURRENT ASSETS/NET CURRENTDEBTS

r13 940.223 771.891 2.366.047

TOTAL ASSETS MINUS CURRENT DEBTS r14 3.598.906 4.427.106 6.205.537

DAT.I: AMOUNTS THAT MUST BE PAIDDURING A PERIOD EXCEEDING ONE YEAR

r15 1.439.919 1.521.602 1.096.534

TOTAL DEBTS r16 3.809.795 4.030.833 3.702.972

PROVISIONS r17 41.950 38.527 97.384

DEFERRED INCOME, OF WHICH: r18 0 0 0






Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

- grants related to investments r19 0 0 0

deferred income r20 0 0 0

CAPITAL, of which: r21 200 200 200

subscribed and paid up capital r22 200 200 200

unpaid subscribed capital r23 0 0 0

assets and liabilities (public sector companies) r24 0 0 0

CAPITAL PREMIUM r25 0 0 0

REVALUATION RESERVES r26 184.464 184.464 184.464

RESERVES r27 22.540 22.540 40

Own shares r28 0 0 0

Earnings associated to own capital instruments r29 0 0 0

Losses associated to own capital instruments r30 0 0 0

PROFIT OR LOSS REPORTED Balance accountC

r31 1.707.135 1.411.734 2.176.706

PROFIT OR LOSS REPORTED Balance accountD

r32 0 0 0

PROFIT OR LOSS FINANCIAL YEAR Balanceaccount C

r33 202.698 1.248.039 2.650.209

PROFIT OR LOSS FINANCIAL YEAR Balanceaccount D

r34 0 0 0

Profit distribution r35 0 0 0

SHAREHOLDERS’ EQUITY - TOTAL r36 2.117.037 2.866.977 5.011.619

Public patrimony r37 0 0 0

EQUITY - TOTAL r38 2.117.037 2.866.977 5.011.619

TOTAL LIABILITIES r39 5.968.782 6.936.337 8.811.975

Profit and Loss Account

Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

Net turnover r89 4.180.567 7.501.125 11.176.137

Own work sold r90 2.552.524 5.587.505 9.346.890

Income from the sale of goods r91 1.628.083 1.914.270 1.829.996

Income from interests made by leasing r92 0 0 0

Income from grants related to incomecorresponding to net turnover

r93 0 0 0

——-Balance account C r94 34.703 4.303 0

Balance account D r95 0 0 159.505

Production made by the entity for its ownpurposes and capitalized

r96 76.084 529.032 33.359

Other operating income r97 124.904 121.415 39.439

TOTAL OPERATING INCOME - TOTAL r98 4.416.258 8.155.875 11.089.430

Expenses on raw materials and consumables r99 930.922 2.231.127 3.505.605






Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

Other expenses for supplies and materials r100 55.368 60.402 45.525

Other outsourced expenses (electricity andwater)

r101 20.249 23.063 23.341

Expenses on goods r102 1.290.558 1.467.321 1.416.215

Expenses on personnel, of which: r103 410.817 491.737 747.466

Salaries and benefits r104 320.834 384.375 604.545

Insurance and social security expenses r105 89.983 107.362 142.921

Adjustments of the value of tangible andintangible fixed assets

r106 222.204 114.716 377.469

Expenses r107 222.204 255.231 377.469

Income r108 0 140.515 0

Adjustments of the value of current assets r109 54.571 41.666 -31.253

Expenses r110 54.571 109.103 175.692

Income r111 0 67.437 206.945

Other operating expenses r112 966.825 2.164.253 1.701.102

Expenses on third party services r113 831.405 1.970.924 1.551.572

Expenses on other taxes, duties and similarcharges

r114 24.014 21.719 46.255

Expenses on compensations, donations andassigned assets

r115 111.406 171.610 103.275

Expenses with refinancing interest rates ofleasing entities

r116 0 0 0

Adjustments of provisions r117 -37.519 -3.423 58.857

Expenses r118 23.497 10.437 80.331

income r119 61.016 13.860 21.474

OPERATING EXPENSES - TOTAL r120 3.910.293 6.585.794 7.841.017

- Profit r121 505.965 1.570.081 3.248.413

- Loss r122 0 0 0

Income from participating interests, of which: r123 0 0 0






Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

income obtained from subsidiaries r124 0 0 0

Income from other financial investments andloans which are part of intangible fixed assets, ofwhich:

r125 0 0 N/A

income obtained from subsidiaries r126 0 0 N/A

Income from interest rates, of which: r127 5.366 93 27

income obtained from subsidiaries r128 0 0 0

Other financial income r129 18.905 14.103 6.943

FINANCIAL INCOME - TOTAL r130 24.271 14.196 6.970

Value adjustments in respect of capital assetsand investments as current assets

r131 0 0 0

Expenses r132 0 0 0

income r133 0 0 0

Interest expenses r134 210.552 131.328 102.049

of which, expenses in respect of subsidiaries r135 0 0 0

Other financial expenses r136 80.689 9.950 14.164

FINANCIAL EXPENSES - TOTAL r137 291.241 141.278 116.213

- Profit r138 0 0 0

- Loss r139 266.970 127.082 109.243

- Profit r140 238.995 1.442.999 N/A

- Loss r141 0 0 N/A

Extraordinary income r142 0 0 N/A

Extraordinary expenses r143 0 0 N/A

- Profit r144 0 0 N/A

- Loss r145 0 0 N/A

TOTAL INCOME r146 4.440.529 8.170.071 11.096.400

TOTAL EXPENSES r147 4.201.534 6.727.072 7.957.230






Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

- Profit r148 238.995 1.442.999 3.139.170

- Loss r149 0 0 0

Income tax r150 36.297 194.960 488.961

Other taxes which are not recorded above r151 0 0 0

- Net profit r152 202.698 1.248.039 2.650.209

- Net loss r153 0 0 0

Net result r154 202.698 1.248.039 2.650.209

Additional information

Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

Outstanding payments-total - TOTAL r155 267.433 369.456 182.537

Accounts payable outstanding - total, of which: -TOTAL

r156 227.431 326.420 180.229

over 30 days - TOTAL r157 16.789 318.824 87.172

over 90 days - TOTAL r158 208.457 7.596 81.818

over 1 year - TOTAL r159 2.185 0 11.239

Outstanding payments to social security- total, ofwhich: - TOTAL

r160 7.817 12.488 0

contributions to social security payable byemployers, employees and other assimilatedentities - TOTAL

r161 6.254 8.708 0

contributions to the social health insurance fund -TOTAL

r162 1.563 3.462 0

contribution to the additional state pensionsystem - TOTAL

r163 0 0 0

contributions to the unemployment insurancefund - TOTAL

r164 0 318 0

other social liabilities - TOTAL r165 0 0 0

Payments due to special funds and other funds -TOTAL

r166 137 149 0

Payments due to other creditors - TOTAL r167 0 0 0

Taxes and fees unpaid to the public budget on thedate due - TOTAL

r168 0 3.357 0






Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

Taxes and fees unpaid to the local budget on thedate due - TOTAL

r169 0 0 2.308

Bank credits which were not reimbursed on thedate due - total, of which: - TOTAL

r170 22.911 14.929 0

back payments after 30 days - TOTAL r171 22.911 14.929 0

back payments after 90 days - TOTAL r172 0 0 0

back payments after 1 year - TOTAL r173 0 0 0

Past due interest - TOTAL r174 9.137 12.113 0

Average number of employees r175 30 35 37

Specific tangible fixed assets

Name Ref.31/12/2013

RONSHORT

31/12/2014RON

SHORT

31/12/2015RON

SHORT

Lands r176 586.600 697.609 1.524.598

Buildings r177 757.270 941.689 1.489.002

Technical installations and machines r178 1.476.365 1.822.099 2.204.799

Amortization r179 N/A N/A N/A

Financial Ratios

Name Ref. 31/12/2013 31/12/2014 31/12/2015Debt Ratio R1 0,64 0,58 0,42

Quick ratio R2 0,99 0,88 1,57

Current ratio R3 1,39 1,29 1,90

Solvency ratio R4 0,68 0,53 0,22

Return on sales ( ROS ) R5 0,05 0,17 0,24

Return on assets ( ROA ) R6 0,03 0,18 0,30

Return on equity ( ROE ) R7 0,10 0,44 0,53

Operating margin, in (%) R8 0,12 0,21 0,29

Days supply in inventory R9 83,71 50,22 28,27

Days sales in receivables R10 178,58 84,00 118,65

Days purchase in payables R11 206,91 122,10 85,12

SALES TO TOTAL ASSETS R12 0,70 1,08 1,27

OPERATING RESULT /TOTAL ASSETS R13 0,08 0,23 0,37

CASH RATIO R14 0,12 0,20 0,18






Name Ref. 31/12/2013 31/12/2014 31/12/2015Equity as % of total assets R15 35,47 41,33 56,87

Fixed assets as % of total assets R16 44,54 52,70 43,50

Receivables as % of current assets R17 62,11 53,12 73,29

Net working capital R18 507,35 470,85 693,50

Exchange rate

31/12/2013USD 1,– = RON 3,33

EUR 1,– = RON 4,42

31/12/2014USD 1,– = RON 3,35

EUR 1,– = RON 4,44

31/12/2015USD 1,– = RON 4,01

EUR 1,– = RON 4,44

The credit rating index may vary farom 100 to 600 points as follows:0 new company or no officialor other information available100-150 very good151-220 good221-320 average321-399 strained400-500 weak501-600 insufficient






Financial analysis

¿

Debt ratio

-0.5

0.0

0.5

1.0

1.5

2013 2014 2015

-0.5

0.0

0.5

1.0

1.5

0.6 0.60.4

r16r11

The debt ratio calculates the proportion the total assetsis financed from sources other than ones own, such asloans , suppliers or debts to the state

Quick ratio

0.0

0.5

1.0

1.5

2013 2014 20150.

00.

51.

01.

5

10.9

1.6

(r9 − r5)r12

Quick ratio measures the ability of a company to use itsnear cash or quick assets to extinguish or retire its currentliabilities immediately.

Current ratio ( CR )

0.5

1.0

1.5

2.0

2013 2014 2015

0.5

1.0

1.5

2.0

1.41.3

1.9

r9r12

Reflecta capacitatea unei companii de a face fata tuturorscadentelor sale, atat pe termen scurt cat si pe termenmediu si lung.

Solvency ratio

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

2013 2014 2015

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

0.70.5

0.2

r15r36

The solvency ratio measures the size of a company’safter-tax income, excluding non-cash depreciation ex-penses, as compared to the firm’s total debt obligations.It is the company’s ability to meet long-term obligations.






Return on sales (ROS)

0.0

0.5

1.0

2013 2014 2015

0.0

0.5

1.0

00.2

0.2

r152r89

Return on sales (ROS) is net profit as a percentage ofsales revenue. ROS is an indicator of profitability and isoften used to compare the profitability of companies andindustries of differing sizes.

Return on assets (ROA)

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

00.2

0.3

r152r11

ROA measures efficiency of the business in using its as-sets to generate net income

Return on equity (ROE)

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

0.1

0.40.5

r152r36

ROE is the ratio of net income of a business during a yearto its shareholders’ equity during that year. It is a measureof profitability of shareholders’ investments.

Operating margin, in %

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

0.10.2

0.3

r121r89

A financial measure of a company’s performance thatgives investors an idea of how long it takes a companyto turn its inventory (including goods that are work inprogress, if applicable) into sales.






Days supply in inventory

2040

6080

2013 2014 2015

2040

6080

83.7

50.2

28.3

(r5r89)

∗ 365

Approximate number of times the stock was run during thefinancial year.

Days sales in receivables

6080

100

120

140

160

180

2013 2014 2015

6080

100

120

140

160

180 178.6

84

118.6

(r6r89)

∗ 365

A financial indicator to measure how many days on aver-age it takes to turn your accounts receivable balance intocash. Therefore it measures the efficiency of your collec-tions policy and department.

Days purchase in payables

5010

015

020

0

2013 2014 2015

5010

015

020

0

206.9

122.1

85.1

(r12r89)

∗ 365

A financial indicator which shows how long a company istaking to pay its trade creditors. It is typically looked ateither quarterly or yearly (90 or 365 days).

Sales to Total Assets

0.0

0.5

1.0

1.5

2013 2014 2015

0.0

0.5

1.0

1.5

0.7

1.1

1.3

r89r11

Sales to total assets (S/TA) ratio shows how much salesare generated per one RON of assets, or how effectivelythe company uses its’ assets.






Operating result / Total assets

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

0.10.2

0.4

r121r11

Measures efficiency of the business in using its assets togenerate net income.

Cash ratio

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

0.10.2 0.2

r8r12

The ratio of a company’s total cash and cash equivalentsto its current liabilities. The cash ratio is most commonlyused as a measure of company liquidity. It can thereforedetermine if, and how quickly, the company can repay itsshort-term debt.

Equity as % of total assets

2030

4050

6070

80

2013 2014 2015

2030

4050

6070

80

35.541.3

56.9

(r36r11)

∗ 100

The equity ratio is a financial ratio indicating the relativeproportion of equity used to finance a company’s assets.

Fixed assets as % of total assets

2030

4050

6070

80

2013 2014 2015

2030

4050

6070

80

44.5

52.7

43.5

(r4r11)

∗ 100

The percentage of fixed assets of total assets. Fixed as-sets are also known as ”tangible assets” or property, plant,and equipment, is a term used in accounting for assetsand property that cannot easily be converted into cash.






Receivables as % of current assets

4050

6070

2013 2014 2015

4050

6070

62.1

53.1

73.3

(r6r9)

∗ 100

The percentage of receivables of current assets. Receiv-ables may refer to the amount due from individuals andcompanies. Receivables are claims that are expected tobe collected in cash.

Net working capital

020

040

060

0

2013 2014 2015

020

040

060

0

507.4470.9

693.5

r9 − r12

The formula for net working capital is used to determinethe availability of a company’s liquid assets by subtractingits current liabilities.


Documents

Creditreform reportCrefo No.: 345479 Company · PDF fileCreditreform reportCrefo No.: 345479 Company identiﬁcation ... established on 25.01.1999 as Intra Serv Srl Private Limited