Sample Report Lithuania


Subscriber No: 037080334, Reference: AG
Delivery Date: Feb 27, 2013

Identification & Summary

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Identification & Summary

Identification

DUNS: 36-588-2656
Official Name: Sample Report Lithuania
Address: 50-214 Tiesioji g.
Vilnius LT-00111
LITHUANIA
Telephone: 370 52111111
Telefax: 370 52222222
E-mail Address: info@samplereport.lt
Web Address: www.samplereport.lt

Summary

Started: 2009
Year Inc: 2009
Legal Form: Proprietorship
Reg No: 111111111
Employs: 15
SIC: 5039
Activity: Wholesales construction materials
 
 

Risk Summary

   
  (Click on Risk Summary items for full details)    
 
Risk Evaluation
   
 
Risk Indicator 2
 
 
D&B Rating A2
 
 
Trend Up
 
 
Avg Credit 104,745 USD
 
 
Principal Information
   
 
Principal(s) 1
 
 
Payment Information
   
 
Payments Variable
 
 
Financial Summary
   
 
Registered Capital 10,000 LTS
 
 
Sales/Turnover 13,282,776 LTS
 
 
Tangible Net Worth 2,064,598 LTS
 
 
Total Assets 3,760,275 LTS
 
 
Pre-Tax Profit 243,183 LTS
 

CURRENCY
All monetary amounts quoted in this report are shown in Lithuanian Lita unless otherwise stated.

Risk Assessment

 
  Risk Indicator 2  
 
 
  D&B Rating A2  
  Financial Strength A Based on tangible net worth  
  Risk Indicator 2 Good (low risk)  

The Dun & Bradstreet Rating of A2 indicates:
  A Financial Strength of USD 600,000 - 1.2 million (based on Net Worth) and a Risk Indicator which is Good (low risk).
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Parent Details

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Parent Details


Parent: Sample Report Parent UAB
Location: Vilnius, Lithuania
Ownership: 100%
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Principals

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Principals


Name: Mister Vardas Pavarde
Position: Director
Nationality: Lithuanian
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Bankers

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Bankers


Bank Name: SEB Bankas
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TRADE PAYMENTS

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TRADE PAYMENTS

Informants report that subject's payment record is variable.
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Public Record Information

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Public Record Information

Court Actions

Defendant Name: subject
Court: Vilnius District court
Cause of Action: Not Available
 
Date of Action: Jan 17, 2013
Court Reference: 111-222/333
Related Amount: Not Available
Costs Of: Not Available
Status of Action: Not Available
 
Defendant Name: subject
Court: Kaunas District Court
Cause of Action: Not Available
 
Date of Action: Jan 14, 2013
Court Reference: 222-111/333
Related Amount: Not Available
Costs Of: Not Available
Status of Action: Not Available
 
This section of the report was compiled after a search was conducted on the D&B Court Database which contains commercial cases filed in courts and tribunals of the country of the report subject within the previous seven years. It is for information purposes only. Certified copies can only be obtained from the official source.

The public record items contained in this report may have been paid, terminated, vacated, settled or relased prior to the date this report was printed with status on certain cases confirmed during current investigation as stated.

Protested Bills

On Jan 14, 2013 a payment seizure was registered against the subject for an amount of 30,641 EUR, which has since been resolved.
 
On Oct 26, 2012 a payment seizure was registered against the subject for an amount of 70,910 LTS, which has since been resolved.
 
On Jun 14, 2012 a payment seizure was registered against the subject for an amount of 12,393 EUR, which has since been resolved.
 
On May 05, 2011 a payment seizure was registered against the subject for an amount of 45,783 LTS, which has since been resolved.
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Collections

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Collections

Collection Notices

Creditor Name: Not Available
Creditor DUNS: Not Available
Collection Agency: CCS
   
 
Claim Date: Nov 20, 2012
Collection Reference: 2222
Claim Amount: 5,000 Lithuanian Lita
Status of Claim: Unsatisfied
 
Creditor Name: Not Available
Creditor DUNS: Not Available
Collection Agency: CCS UAB
   
 
Claim Date: Jun 05, 2012
Collection Reference: 11111
Claim Amount: 10,000 Lithuanian Lita
Status of Claim: Satisfied
 
This section of the report was compiled after a search was conducted on the D&B Collection Record Database within the previous two years. The collections items contained may have been paid, terminated, vacated, settled or relased prior to the date this report was printed.
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History

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History

Background

Business started in Sep 30, 2009 as a Proprietorship by Mr Vardas Pavarde under the name 'Smaple Report' .

Business continued as a Joint Stock Company.



Subject moved from 50 Paneriu g., Vilnius, LITHUANIA on Nov 27, 2012.

Legal Form

Joint Stock Company registered on Sep 30, 2009 in Vilnius.
 
Registration No: 111111111
Tax Registration No: LT1111111111111

References

Auditors: Auditas & Co UAB, Jasinskio g. 16, Vilnius

Capital

Nominal capital: 10,000 Lithuanian Lita
Paid-Up capital: All
 
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Linkage

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Linkage

Parent

The company is a subsidiary of Sample Report Parent UAB, Vilnius, Lithuania, which holds 100% interest.

Subsidiaries

Name: Pavyzdys UAB
Location: Vilnius, Lithuania
Details: Subject owns 100% of the capital.

Affiliates

The following are related through principal(s) and/or financial interest(s):
 
Name: Pavyzdys 2 UAB
Location: Vilnius, Lithuania
Details: Subject has a 49% share interest.
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Branches / Divisions

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Branches / Divisions


Subject has 1 branches/divisions.
 
Location: 99, Naugarduko g., Vilnius, Lithuania.
Details: These are warehouse premises.
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Operations

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Operations

Line of Business

Wholesales construction materials (5039)
 
Company is engaged in wholesale trade of construction materials

Sales and Purchasing

Sells to group companies on a regular basis.
Terms of sale are Net 60 Days.
Local purchasing terms are Special agreement.

Imports and Exports

Exports: To Latvia, Russian Fed, Estonia
Imports: from England, Italy, Spain, France, Netherlands, Belgium

Agencies and Brands

Subject reportedly acts as agent for CERAMICA CONCORDE, MARAZZI, MUTINA, ECO CERAMICA

Employees

Employs: 15 (approx)

Vehicles

Subject has 7 vehicles including: vans; cars; which are used in the running of the business.

Location

Operates from rented office, warehouse at heading address.
Registered office: 1 Gedimino pr., Vilnius, LITHUANIA.
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Financial Information

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Financial Information

Comparatives


  Fiscal
Dec 31, 2010
(Lithuanian Lita)
Fiscal
Dec 31, 2011
(Lithuanian Lita)
Fiscal
Dec 31, 2012
(Lithuanian Lita)
Turnover 9,250,795 9,256,521 13,282,776
Pre-tax Profit 244,660 266,008 243,183
Net Worth 3,200,414 3,260,187 2,064,598
Fixed Assets 431,339 434,363 358,815
Total Assets 5,981,326 4,845,484 3,760,275
Current Assets 4,824,029 3,728,572 3,296,068
Current Liabilities 2,653,925 1,515,275 1,690,342
Working Capital 2,170,104 2,213,297 1,605,726
Long Term Debt 126,987 70,022 5,335
Financial Assets 614,352 573,967 38,613
Intangibles 111,546 108,582 66,779
Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.

Ratios


- Dec 31, 2010 Dec 31, 2011 Dec 31, 2012
Current Ratio 1.82 2.46 1.95
Solvency Ratio (%) 186.89 148.63 182.13
Fixed Assets / Net Worth (%) 13.48 13.32 17.38
Current Liabs / Net Worth (%) 82.92 46.48 81.87
Asset Turnover (%) 154.66 191.03 353.24
Sales / Net Working Capital 4.26 4.18 8.27
Assets / Sales (%) 64.66 52.35 28.31
Profit Margin (%) 2.64 2.87 1.83
Shareholders Return (%) 7.64 8.16 11.78
Return on Assets (%) 4.09 5.49 6.47

Balance Sheet

Abstract from individual fiscal balance sheet.
 
Assets As at Dec 31, 2012
(Lithuanian Lita)
Misc Fixed Assets 358,815
Total Fixed Assets 358,815
-
Misc Fin'cl Assets 38,613
Total Fin'cl Assets 38,613
-
Misc Intangible Assets 66,779
Total Intangible Assets 66,779
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CURRENT ASSETS
Stock & WIP 2,375,929
Trade Debtors 237,951
Cash 682,188
-
TOTAL CURRENT 3,296,068
-
TOTAL ASSETS  3,760,275
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Liabilities As at Dec 31, 2012
(Lithuanian Lita)
Capital 10,000
Retained Profits 2,053,598
Misc Reserves 1,000
Net Worth 2,064,598
-
Misc Def Liabilities  5,335
-
CURRENT LIABILITIES
Trade Creditors 1,690,342
-
TOTAL CURRENT 1,690,342
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TOTAL LIABS & NET WORTH  3,760,275

Profit & Loss


- Jan 01, 2012
to Dec 31, 2012
(Lithuanian Lita)
Net Sales 13,282,776
Cost of Goods Sold 8,847,296
-
Gross Profit 4,435,480
Selling/Admin Expenses 4,146,778
-
Net Operating Income 288,702
-
Misc Financial Expenses 45,519
Total Financial Expenses 45,519
-
Profit Before Taxes 243,183
Income Tax 52,469
-
Profit After Tax 190,714
-
Net Profit  190,714

Notes on Financials

According to the balance sheet as of Dec 31, 2012.
Financial statement obtained from Companies Registry on Feb 27, 2013.

Accountant's Opinion

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

Financial Interviews

Investigation Information

On Feb 27, 2013 local informants stated that:
  Currency rate: 1 USD = 2.694 LTL, 1 EUR = 3.45 LTL
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Appendices

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Appendices

Customer Service

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Customer Service

Speed of service: Typically 4 working days
SCN: 201302275008010925
Order Date: Feb 27, 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 27, 2013.

D&B Rating Glossary

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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

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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

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Glossary of Legal Forms

Legal Form Legal Form (local)
State Company Valstybes Imone (VI)
Public Joint Stock Co Akcine Bendrove (AB)
Joint Stock Co Uzdaroji Akcine Bendrove (UAB)
Proprietorship Individuali Imone (II)
Partnership Co Tikroji Ukine Bendrija (TUB)
Co-operative co Kooperatine Bendrove (KB)
Agricultural Company Zemes Ukio Bendrove (ZUB)
Public Organization Viesoji Istaiga (VsI)
Foreign co Atstovybe or Filialas

Glossary of Currencies

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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.
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