CREDIT REPORT


© Coface Romania Credit Management Services S.R.L.
email: office@coface.ro
11.12.2005 08:29

COMPANY REPORTED: INTEREXPO PRODCOM SRL
Principal Address:
Cimitirului 29
4050 Targul Secuiesc, jud. Covasna
ROMANIA
Tel: +40-267-364669, +40-267-363012
Fax: +40-267-364669
Email: office@interexpo.ro; arondenes@interexpo.ro
Internet: http://www.domo.ro

Office:
Independentei 1
4050 Targu Secuiesc, jud. Covasna
ROMANIA
Tel: +40-267-362847, +40-267-363012, +40-267-364544, +40-267-364669

Office:
Fabricii 76
3400 Cluj Napoca, jud. Cluj
ROMANIA
Tel: +40-264-418011, +40-264-415765, +40-264-415766

Branch production:
Abatorului 5
4050 Targu Secuiesc, jud. Covasna
ROMANIA
Tel: +40-267-363054

Warehouse:
Molnar Jozsias 43
4050 Targu Secuiesc, jud. Covasna
ROMANIA
Tel: +40-267-362167

National ID: 6529672
VAT number: 6529672

Information valid on: 11.12.2005

ESTABLISHED: 1994

REGISTRATION: No. J14/958/1994
06.12.1994
Covasna, ROMANIA

LEGAL FORM: limited liability company

CAPITAL: ROL 10.113.800.000,00

SHAREHOLDERS: FERENC HEGEDUS
RO, TARGU SECUIESC, MARGARETEI 5
Shareholder
EQUITY: 44,9999%

ZSUZSANNA SZARVADI TEGLAS
RO, TARGU SECUIESC , DOZSA GYORGY 14
Shareholder
EQUITY: 27,5%

LORAND SZARVADI
RO, TARGU SECUIESC , DOZSA GYORGY 14
Shareholder
EQUITY: 25,4979%

MANAGEMENT: ZSUZSANNA SZARVADI TEGLAS - Head of sales
RO, TARGU SECUIESC , DOZSA GYORGY 14

MIHAI LAPTOIU - Commercial Director
RO

FERENC HEGEDUS - General Director
RO, TARGU SECUIESC, MARGARETEI 5

LORAND SZARVADI - Executive Director
RO, TARGU SECUIESC , DOZSA GYORGY 14

SUBJECT OF OPERATION: NACE
  5143 Wholesale of electrical household appliances and radio and television goods

Import and distribution of electric home appliances

IMPORTS:

AUSTRIA


CZECH REPUBLIC


FRANCE


ITALY


NETHERLANDS



Total import value(2001): about EUR 18.000.000

FINANCIALS:

Amounts shown in Romanian Lei (ROL) Thousand  2002 2001

BALANCE SHEET
ASSETS
FIXED ASSETS 43.404.708,00 37.410.538,00
Tangible assets 42.924.187,00 37.243.125,00
CURRENT ASSETS 307.935.875,00 280.853.108,00
Inventory 186.177.382,00 153.356.207,00
Suppliers-debtors 2.214.856,00 192.995,00
Clients and assimilated accounts 107.704.891,00 108.534.548,00
Other debtors (other receivables) 11.838.746,00 433.680,00
TOTAL ASSETS 351.340.583,00 319.842.224,00

LIABILITIES
Equity capital 60.058.535,00 55.832.042,00
Share capital 10.113.800,00 10.113.800,00
Subscribed and paid capital 10.113.800,00 10.113.800,00
Provisions for risks and charges 5.714.530,00 0,00
Total debts 291.282.048,00 263.841.919,00
Medium and long term liabilities 40.137.809,00 42.213.775,00
Suppliers and similar accounts 102.286.946,00 206.235.669,00
Other debts 148.857.293,00 15.560.738,00
Total liabilities 351.340.583,00 319.842.224,00

PROFIT & LOSS
Turnover 444.453.102,00 726.406.847,00
Total income 446.137.026,00 734.489.927,00
Operating income 444.918.498,00  
Income from financial transactions (financial income) 1.191.924,00 1.191.924,00
Extraordinary income (extraordinary benefit) 26.604,00 26.604,00
Total expenses 440.434.324,00 698.284.483,00
Operating expenses 417.859.583,00 417.859.583,00
Expenses on financial transactions (financial expenditures) 22.234.284,00 22.234.284,00
Extraordinary expenses 340.457,00 340.457,00

RESULTS
Operating result - profit 27.058.915,00 56.755.290,00
Operating result - loss 0,00 0,00
Profit before taxation 5.702.702,00 36.205.444,00
Loss before taxation 0,00 0,00
Profit after taxation 4.426.493,00 27.607.595,00
Loss after taxation 0,00 0,00
Approximate exchange rates: 2002: 29500 ROL = 1 EUR
2001: 26026 ROL = 1 EUR
2000: 19955 ROL = 1 EUR
1999: 16295 ROL = 1 EUR
1998: 9989 ROL = 1 EUR

FINANCIAL DATA: FINANCIALS FOR 2002 AS AT 30.06.

WORKFORCE:
2002 2001 2000 1999
290 227 189 208

Comment to car park: 42 cars and 6 auto-trucks

REAL ESTATE: built upon
 ADDRESS: Cimitirului 29, 4050 Targul Secuiesc, jud. Covasna, ROMANIA
 VALUE: ROL 19.610.000.000,00

Building ground
 ADDRESS: Cimitirului 29, 4050 Targul Secuiesc, jud. Covasna, ROMANIA
 SIZE: 10925,5 m2
 VALUE: ROL 4.059.636.000,00

RELATED FIRMS: 36 retail units ( and warehouses ) in 23 cities in Romania, among which: Bucharest, Brasov, Cluj Napoca, Constanta, Sibiu, Alba Iulia, Focsani, Onesti, Iasi, Satu Mare.

BANKERS: CITIBANK ROMANIA SA - Account no. 799797003ROL, 799797011USD
71204 Bucuresti, Blvd. Iancu de Hunedoara 8

BANCA COMERCIALA ROMANA SA - Account no. 2511.1-3.1/ROL
Targu Secuiesc

BANCA ROMANA PENTRU DEZVOLTARE - GROUPE SOCIÉTÉ GÉNÉRALE - Account no. 251100996081836ROL
Targu Secuiesc


DATES: date of validity: 30.01.2003
date of last record maintenance: 30.01.2003

BUSINESS TRENDS: 200: Good trend of orders

COMPANY DEVELOPMENT: 300: Satisfactory business development

PAYMENT MORALE: 250: Payments are made within net agreements.

CREDIT RATING: 250: Company's financial situation is in order. Earnings potential, however, is unsatisfactory.

DEBT COLLECTION: There is no record of any debt collection action by Coface Intercredit against this company

MAXIMUM CREDIT: EUR 500.000,00

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.)



PAYMENT MORALE
CREDIT RATING
100-149
Payments are made very correctly.
Financial situation is excellent.
150-199
Payments are made correctly.
Financial situation is very good.
200-249
Payments are sometimes made using cash discounts or according to conditions.
Financial situation is good.
250-299
Payments are made within net agreements.
Financial situation is satisfactory.
300-349
As a rule payments are made on time according to conditions, in some cases there have been delays and reminders.
Financial situation is average.
350-399
Payments are made irregularly, sometimes according to agreements. In several cases reminders have been necessary.
Financial situation is average, increased use of external capital.
400-449
Payments are made very slowly.
Overall financial situation is still average.
450-499
Payments are made very slowly. collection procedures cannot be ruled out.
Financial situation is temporarily critical.
500-549
Payments are made very slowly, reminders are often necessary. There have also been collection procedures.
Financial situation is critical.
550-599
Payments are made very slowly. There have been frequent collection procedures.
Financial situation is very critical.
600-699
Payments are made extremely slowly. There have been frequent collection procedures.
High risk of bankruptcy.

End of document.