ZG KUNA d.o.o.


Subscriber No: 037080334, Reference: AG
Delivery Date: Feb 26, 2013

Identification & Summary

Summarise

Identification & Summary

Identification

DUNS: 36-710-0166
Trading Style: ZG KUNA d.o.o. za trgovinu i usluge
Address: bb Zagrebacka
10000 Zagreb
CROATIA
Telephone: 385 12723525
385 12723526
Telefax: 385 14794455
385 14794458
E-mail Address: zgkuna@zgkuna.hr
Web Address: www.zgkuna.hr

Summary

Started: 1994
Year Inc: 1995
Legal Form: Private Limited Company
Reg No: 111111111
Employs: 13
SIC: 5045
Activity: "Wholesales computers, peripherals, and software"
 
 

Risk Summary

   
  (Click on Risk Summary items for full details)    
 
Risk Evaluation
   
 
Risk Indicator 2
 
 
D&B Rating B2
 
 
Former Rating C3
 
 
Trend Up
 
 
Avg Credit 8,900 USD
 
 
Principal Information
   
 
Principal(s) 3
 
 
Payment Information
   
 
Payments Undetermined
 
 
Financial Summary
   
 
Registered Capital 1,671,000 HRK
 
 
Sales/Turnover 2,978,000 HRK
 
 
Tangible Net Worth 3,354,000 HRK
 
 
Total Assets 4,785,000 HRK
 
 
Pre-Tax Profit 389,000 HRK
 

CURRENCY
All monetary amounts quoted in this report are shown in Croatian Kuna unless otherwise stated.

Risk Assessment

 
  Risk Indicator 2  
 
 
  D&B Rating B2  
  Financial Strength B Based on tangible net worth  
  Risk Indicator 2 Good (low risk)  

The Dun & Bradstreet Rating of B2 indicates:
  A Financial Strength of USD 345,000 - 600,000 (based on Net Worth) and a Risk Indicator which is Good (low risk).
top

Parent Details

Summarise

Parent Details


Parent: PRIMER D.O.O. d.o.o.
Location: BEOGRAD, Serbia and Montenegro
DUNS: 56-590-1506
Ownership: 90%
top

Principals

Summarise

Principals


Name: Ivan Kralj
Position: Managing director
Born: May 07, 1952
Language: Is stated to be fluent in English
Qualifications: Bachelor of Economics
   
Name: Josip Knez
Position: Financial director
Born: Mar 13, 1954
Language: Is stated to be fluent in Italian
Qualifications: Bachelor of Economics
   
Name: Dora Krupiceva
Position: Marketing director
Born: Sep 07, 1962
Language: Is stated to be fluent in English
Qualifications: Bachelor of Economics
top

Bankers

Summarise

Bankers


Bank Name: Zagrebacka banka d.d.
Address: Trg bana Josipa Jelacica 10, Zagreb (Grad Zagreb), CROATIA
Telephone: 385 16104000
Account No: 1111111-121212121212
top

Public Record Information

Summarise

Public Record Information

Protested Bills

No protested bills have been reported.
top

History

Summarise

History

Background

Business started in Dec 07, 1994 as a Private Limited Company under the name 'ZG kuna' .

Legal Form

Private Limited Company registered on Nov 05, 1995.
 
Registration No: 111111111
Tax Registration No: 48569720647

References

Auditors: HR-Audit d.o.o.

Capital

Nominal capital: 1,671,000 Croatian Kuna
Paid-Up capital: All
 
top

Linkage

Summarise

Linkage

Parent

The company is a subsidiary of PRIMER D.O.O. d.o.o., BEOGRAD, Serbia and Montenegro (DUNS: 56-590-1506), which holds 90% interest.

Ownership

Name: Ivan Kralj
Ownership: Holds 10% of the voting capital.

Affiliates

The following are related through principal(s) and/or financial interest(s):
 
Name: KUNA ZG NOVA d.o.o.
Location: Krapina, Croatia
Details: Subject has a 50% share interest.
   
Name: SUNCOKRET d.o.o.
Details: Subject has a 27% share interest.
   
Name: ZG KUNA NEKRETNINE d.o.o.
Location: Zagreb, Croatia
top

Branches / Divisions

Summarise

Branches / Divisions


Subject has 1 branches/divisions including: Companies.
 
Name: ZG KUNA d.o.o.
Location: 22, Ribnjak, Split, Croatia.
Details: These are rented warehouse premises.
top

Operations

Summarise

Operations

Line of Business

"Wholesales computers, peripherals, and software" (5045)
Wholesales electronic parts and equipment (5065)
Operates computer and software stores (5734)
Engaged in computer maintenance and repair (7378)

Sales and Purchasing

Sells to general public, Companies on a regular basis.
Number of accounts: 500

Imports and Exports

Territory: 5% International
70% National
Exports: 5% to Bosnia Herzegovina, Slovenia
Imports: 99% from Canada, Germany, Ireland, Netherlands, U S A

Agencies and Brands

Subject reportedly acts as agent for Autodesk, IBM, Corel
Subject produces the following brand(s): ZG KN

Employees

Employs: 13

Vehicles

Subject has 5 vehicles including: 1 vans; 4 cars; which are used in the running of the business.

Location

Operates from rented office, warehouse, covering approximately 210 square metres at heading address.
The site covers approximately 210 square metres.
Registered office: At heading address.
top

Financial Information

Summarise

Financial Information

Comparatives


  Fiscal
Dec 31, 2009
(000 Croatian Kuna)
Fiscal
Dec 31, 2010
(000 Croatian Kuna)
Fiscal
Dec 31, 2011
(000 Croatian Kuna)
Turnover 2,801 3,458 2,978
Pre-tax Profit 46 316 389
Net Worth 561 1,042 3,354
Fixed Assets 5,724 6,342 1,203
Total Assets 8,197 8,724 4,785
Current Assets 2,222 2,164 3,175
Current Liabilities 751 3,005 910
Working Capital 1,471 -841 2,265
Long Term Debt 6,791 4,677 441
Financial Assets 247 212 407
Intangibles 1,381 1,104 146
Employees
13 15 15
Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.

Ratios


- Dec 31, 2009 Dec 31, 2010 Dec 31, 2011
Current Ratio 2.96 0.72 3.49
Solvency Ratio (%) 1,444.39 837.24 140.28
Fixed Assets / Net Worth (%) 1,020.32 608.64 35.87
Current Liabs / Net Worth (%) 133.87 288.39 27.13
Asset Turnover (%) 34.17 39.64 62.24
Sales / Net Working Capital 1.90 -4.11 1.31
Assets / Sales (%) 292.65 252.28 160.68
Profit Margin (%) 1.64 9.14 13.06
Shareholders Return (%) 8.20 30.33 11.60
Return on Assets (%) 0.56 3.62 8.13
Sales / Employees * 215.46 230.53 198.53
Profit / Employees * 3.54 21.07 25.93
* The ratios are in thousands.

Balance Sheet

Abstract from individual fiscal balance sheet.
 
Assets As at Dec 31, 2011
(000 Croatian Kuna)
Misc Fixed Assets 1,203
Total Fixed Assets 1,203
-
Misc Fin'cl Assets 407
Total Fin'cl Assets 407
-
Misc Intangible Assets 146
Total Intangible Assets 146
-
CURRENT ASSETS
Stock 653
Trade Debtors 695
Misc Debtors 0
Cash 1,054
Misc Current Assets 773
-
TOTAL CURRENT 3,175
-
TOTAL ASSETS  4,931
-
Liabilities As at Dec 31, 2011
(000 Croatian Kuna)
Capital 1,671
Share Premium 0
Retained Profits 933
Profit for Year 312
Misc Reserves 584
Net Worth 3,500
-
Misc Provisions 0
Minor Interest 441
Misc Def Liabilities  0
-
CURRENT LIABILITIES
Trade Creditors 623
Accruals 80
Bank Overdraft 287
-
TOTAL CURRENT 990
-
TOTAL LIABS & NET WORTH  4,931

Profit & Loss


- Jan 01, 2011
to Dec 31, 2011
(000 Croatian Kuna)
Net Sales 2,978
Cost of Goods Sold 2,001
-
Gross Profit 977
Selling/Admin Expenses 251
Depreciation/Amortisation 188
Misc Operating Charges 85
Misc Operating Income 2
-
Net Operating Income 455
Interest Receivable 17
Group Related Income 0
Misc Financial Income 5
Total Financial Income 22
-
Interest Payable 63
Misc Financial Expenses 25
Total Financial Expenses 88
-
Profit Before Taxes 389
Income Tax 77
-
Profit After Tax 312
-
Net Profit  312

Notes on Financials

According to the balance sheet as of Dec 31, 2011.
Financial statement obtained from outside sources on Apr 18, 2012.
Balance sheet has been obtained by local informant on Feb 25, 2013.

Accountant's Opinion

Subject to the foregoing, the financial statements give a true and fair view of the company's affairs.

Financial Estimates

The below mentioned financial figures are in Croatian Kuna.

On Feb 25, 2013 Outside source submitted the following (figures in 000's):

Sales for the 9 month period ending Sep 30, 2012 were 1,580.
Pre-tax profit for the 9 period ending Sep 30, 2012 were 115.
 

These financial estimates are as at Sep 30, 2012 were also submitted:
The below mentioned financial figures are in Croatian Kuna.
Trade Creditors 196
Trade Debtors 201
Cash 480

Financial Interviews

On Feb 25, 2013 Ivan Kralj confirmed general details in this report.

Investigation Information

On Feb 25, 2013 local informants stated that:
  Share structure was provided from the subject. Subjects income in year 2012. is around 2.500.000 HRK . Report is a sample report and does not relate to a real company.

Conclusion

Local informants consider the granting of credit for subject's business activities to be a fair trade risk.
top

Appendices

Summarise

Appendices

Customer Service

 Summarise

Customer Service

Speed of service: Typically 4 working days
SCN: 201302265008010299
Order Date: Feb 26, 2013

Should you require any further information or have any questions, please contact your local Customer Service Centre.

Enquiries should always contain the below minimum details please:
  • Full Company Name
  • Full Headquarters Address (street, town, country)
  • Telephone Number
  • Business Identification Number (registration number, chamber of commerce number, VAT number, Government Gazette number)
  • Contact Name
  • SCN
  • Order Date

The information in this report was last updated on Feb 25, 2013.

D&B Rating Glossary

 Summarise

D&B Rating Glossary

D&B Rating - The D&B Rating consists of two parts, the Financial Strength Indicator and the Risk Indicator.
For example: in the case of a 2A 4 rating, 2A means the financial strength of the business and 4 is the risk indicator.

The Risk Indicator is used in conjunction with the Financial Strength Indicator. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business, notably the likelihood of business continuance or failure over the next 12 months. Created from expert rules systems, the Risk Indicator is refreshed whenever data is loaded onto our databases. Please see the table below for the Risk Indicators and their corresponding values.

  Risk Indicators  
  4 Significant level of risk Take suitable assurances before extending credit
 
  3 Greater than average risk Proceed with transaction but monitor closely
 
  2 Low risk Proceed with transaction
 
  1 Minimal risk Proceed with transaction - offer terms required
 
  - Insufficient information to assign a risk indicator No public information or D&B proprietary information available to indicate trading activity
 

The Financial Strength Indicator is based on either Net Worth or Issued Capital. The table below contains the possible values.

  Financial Strength Indicator Range  
  Net Worth Capital FROM TO  
  5A 5AA $60 million And above  
  4A 4AA $25 million $60 million  
  3A 3AA $12 million $25 million  
  2A 2AA $2.5 million $12 million  
  1A 1AA $1.2 million $2.5 million  
  A AA $600,000 $1.2 million  
  B BB $345,000 $600,000  
  C CC $175,000 $345,000  
  D DD $120,000 $175,000  
  E EE $60,000 $120,000  
  F FF $35,000 $60,000  
  G GG $15,000 $35,000  
  H HH 0 $15,000  
  Alternate Ratings Used  
  N Financial Strength is negative  
  O Financial Strength is undisclosed  
  NB New Business: Less than 24 months  
  NQ Out of Business: Business has ceased to trade  

Financial Ratio Glossary

 Summarise

Financial Ratio Glossary

Key Business Ratios are used to identify irregularities in the status and future potential of a company.

Name Formula Explanation
Current Ratio (x) Total Current Assets / Total Current Liabilities This ratio shows the cover by current assets of short term creditors, and the higher the ratio the more assurance there is that payment of creditors can be met.
Solvency Ratio % ((Total Current + Deferred + Long Term Liabilities) / Tangible Net Worth) x 100 From this can be seen the extent to which the company is financed by creditors and debt rather than permanent finance.

The higher the ratio the more likely it is that debt (either short term or long term) will be a burden to the company. The effect is higher interest charges, lower profits and a squeeze on liquidity to the disadvantage of creditors.
Fixed Assets to Net Worth (%) (Total Fixed Assets / Tangible Net Worth)x 100 The proportion of net worth that consists of fixed assets will vary greatly from industry to industry, but in general terms a company is under capitalised if fixed assets exceed net worth. In this case it is possible that the company has too much debt, and it should therefore be examined with care.

If on the other hand fixed assets are much lower than net worth the company is over capitalised and is either extremely cautious or in a position to expand. thus a ratio either well in excess of the median, or well below it, means that the company should be looked at with care.
Current Liabilities to Net Worth (%) (Total Current Liabilities / Tangible Net Worth) x100 This contrasts the funds that creditors are temporarily risking with a company with the funds permanently invested by the owners.

The higher the ratio the less security for creditors. Care should be exercised when selling to any company with creditors of less than one year exceeding two thirds of net worth.
Asset Turnover (%) (Turnover / Total Assets(including Intangibles)) x 100 This ratio measures how efficient the company's management has been in generating sales from the assets at its disposal.

The measure can vary considerably from industry to industry and should therefore be judged according to the industry norm.
Sales to net working capital (x) Turnover / Net working capital * This ratio indicates whether a company is overtrading (handling an excessive volume of sales in relation to working capital). Companies with substantial sales gains often reach a level where their working capital becomes strained.

Even if they maintain an adequate total investment for the volume being generated (assets to sales) that investment may be so centred in fixed assets or other non-current items that it will be difficult to continue meeting all current obligations. A ratio falling into either an extremely high or low position may indicate potential problems.
Assets to Sales (%) (Total Assets(including Intagibles) / Turnover) x 100 This correlates sales with the total investment that is used to generate those sales. By comparing a company's ratio with industry norms it can be be determined whether the business is overtrading or conversely, carrying more assets than needed for its sales volume.

Abnormally low ratios can indicate overtrading which may lead to financial difficulties if not corrected. Extremely high ratios can be the result of a too conservative management or too low a level of turnover.
Profit Margin (%) (Profit before Tax / Turnover) x 100 This reveals the profits earned per pound of sales and therefore measures the efficiency of the operation.

This ratio is an indicator of the business'ability to withstand adverse conditions such as falling prices, rising costs or declining sales
Shareholders' Return (%) (Profit before Tax / Tangible Net Worth*) x 100 This ratio is used to analyse the ability of the company's management to realise an adequate return on the capital invested by the owners of the business. There is a tendency to look increasingly to this ratio as a final measure of profitability.

Generally, a relationship of at least 10% is regarded as desirable for providing dividends plus funds for future growth.
Return on assets (%) (Profit before Tax / Total Assets) x 100 This is the key indicator of profitability for a company it matches operational profits with the assets available to earn a return.

Companies using their assets efficiently will have a relative high return while less well run businesses will have a relatively low return
Sales per Employee (000) Turnover / Employees This gives an indication of the efficiency of the labour force. This ratio will vary considerable from industry to industry
Profit per Employee (000) Profit before Tax / Employees This ratio gives a guide as to how effectively the labour force is utilised, and is the best way to measure productivity of labour investment

Glossary of Legal Forms

 Summarise

Glossary of Legal Forms

Legal Form Legal Form (local)
Public Ltd Co Dionicko drustvo (d.d.)
Private Ltd Co Drustvo s ogranicenom odgovornoscu (d.o.o.)
Proprietorship Obrt
Sole Proprietor Trgovac pojedinac (t.p.)
Commandite Komanditno drustvo (k.d.)
Trade association Gospodarsko interesno udruzenje (GIU)

Glossary of Currencies

 Summarise

Glossary of Currencies

Abbrev. Currency Name Abbrev. Currency Name
AMD Armenian Dram LAT Latvian Lats
AZM Azerbaijani Manat (Old) LEI Romanian Lei (Old)
AZN Azerbaijani Manat (New) LEK Albanian Lek
BAM Bosnia-Herzegovina Convertible Mark LEV Bulgarian Levs
BLR Belarusian Rouble LTS Lithuanian Litas
RSD Serbian Dinar MAL Maltese Lira
CYL Cypriot Pounds MLL Moldovan Leu
DRA Greek Drachma RON Romanian Lei (New)
EUR Euro ROU Russian Roubles
EEK Estonian Kroon TJS Tajik Somoni
GBL Gibraltan Pounds TKM Turkmen Manat
GEL Georgian Lari TUL Turkish Lira (old)
HRD Croatian Dinar UKL Pounds Sterling UK
HRK Croatian Kuna USD U S Dollars
HRY Ukrainian Hryvnia UZS Uzbekistani Sum
IKR Icelandic Krona YTL Turkish Lira (new)
KYS Kyrgyzstani Som YUD Yugoslavian Dinar
KZT Kazakhstani Tenge ZWD Zimbabwe Dollars

Confidentiality

CONFIDENTIAL....THIS INFORMATION IS PROVIDED BY D&B EUROPE LTD SUBJECT TO THE TERMS AND CONDITIONS OF YOUR SUBSCRIPTION CONTRACT AND IS NOT TO BE DISCLOSED.

  This report is forwarded to the Subscriber in strict confidence for the use by the Subscriber as one factor to consider in connection with credit and other business decisions. This report contains information compiled from information which Dun & Bradstreet does not control and which has not been verified unless otherwise indicated in this report. Dun & Bradstreet therefore cannot accept responsibility for the accuracy, completeness or timeliness of the report. Dun & Bradstreet disclaims all liability for any loss or damage arising out of or in anyway related to the contents of this report.

COPYRIGHT 2013 DUN & BRADSTREET. THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER.
top


Copyright Dun & Bradstreet, Inc, 2014 | dbemc.dnb.com