CREDIT REPORT

COMPANY REPORTED

VZOROVÁ SPOL. S R.O.

Principal Address:
Vzorová 10
100 10 Vzorovo
Slovakia

Registered office:
Vzorová 10
100 10 Vzorovo
Slovakia

Warehouse:
Pekná 1
055 52 Príkladná
Slovakia

ICON number: 4173990
National ID: 31531531
VAT number: SK9999999999

Date of Last Research:

01.06.2006

CREDIT INFORMATION SUMMARY

Insolvency Information:

According to available information sources the company is not in a insolvency/preliminary/debt regulation proceeding.

Maximum Credit:

EUR 140.000,00

Credit Rating:

@rating score: 6 - Less than medium risk
The Credit Rating is expressed as an @rating score with values from 0 (insolvency) to 10 (no risk). The @rating score denominates the probability of default for the company within 12 months from the date the @rating score was set.

Payment Practices:

Payments are made according to terms

Debt Collection:

There is no record of any debt collection action by Coface Slovakia Credit Management Services s.r.o. against this company exceeding a single case volume of EUR 500.

COMPANY DETAILS

Established:

1995

Registration:

No. 10089/V
10.01.1995
Vzorovo, Slovakia

Legal Form:

limited liability company

History:

1991 as Ján Vzorový - Vzor (private firm)
1995 as VZOROVÁ spol. s r.o. (Ltd.)

Capital:

Nominal capital:	SKK 5.000.000,00	since 01.01.2004

Paid-up capital:	SKK 5.000.000,00	since 01.01.2004

Shareholders:

Full Name	Function	Address	Equity
Ing. VZOROVÝ Ján	Partner 1995 - Present	Pekná 3 055 52 Príkladná Slovakia	100,00%

Management:

Full Name	Function	Address
Dr. (RN) NOVÁK Ján 1995 - Present	Manager	Novákova 22 202 20 Novákovo Slovakia

Legal Representation:

Each of the managing directors represents the firm by him/herself

Related Companies:

subsidiary
Vzorová Moravia spol. s.r.o. , Czech Republic

KEY DATA ON OPERATIONS

Subject of Operation:

NACE
  main activity
  4521 General construction of buildings and civil engineering works

  5115 Agents involved in the sale of furniture, household goods, hardware and ironmongery
  3614 Manufacture of other furniture
  5244 Retail sale of furniture, lighting equipment and household articles n.e.c.

Key Data:

Amounts shown in Slovak Koruna (SKK)
	2005	2004	2003	2002
Turnover	221.540.000	232.272.000	200.353.000	194.221.000
Non-current assets	45.530.000	46.279.000	49.024.000	43.879.000
Equity	34.700.000	34.210.000	31.401.000	30.267.000
Liabilities	42.150.000	42.408.000	36.815.000	37.799.000
Profit for accounting period	3.250.000	3.690.000	3.008.000	4.435.000
Operating result - profit	2.140.000	2.576.000	3.269.000	9.024.000

Workforce:

	2003	2002	2001
Total workforce	122	120	114

Imports:

2005	2004	2003	2002
Europe	Europe	Austria	Austria
		Belgium	Czech Republic
		Czech Republic	Germany
		Germany	Finland
		Sweden	Sweden

Exports:

2005	2004	2003	2002
Europe	Europe	Europe	Europe

Real Estate:

Total space
Address:
Vzorová 10
100 10 Vzorovo
Slovakia

FINANCIAL INFORMATION

Financials:

Partial Financials:

Amounts shown in Slovak Koruna (SKK)		2005	2004	2003	2002
	ASSETS
	TOTAL ASSETS	105.780.000,00	103.262.000,00	110.755.000,00	103.260.000,00
	AMOUNTS RECEIVABLE FOR SUBSCRIBED CAPITAL	0,00	0,00	0,00	0,00
	NON-CURRENT ASSETS	45.530.000,00	46.279.000,00	49.024.000,00	43.879.000,00
	Intangible fixed assets	108.000,00	119.000,00	122.000,00	488.000,00
	Tangible fixed assets	45.422.000,00	46.160.000,00	48.902.000,00	42.159.000,00
	Long-term financial investments	0,00	0,00	0,00	1.232.000,00
	CURRENT ASSETS	55.490.000,00	53.968.000,00	60.646.000,00	58.871.000,00
	Inventory	31.450.000,00	28.510.000,00	34.966.000,00	26.480.000,00
	Receivables	21.680.000,00	22.918.000,00	23.896.000,00	24.677.000,00
	Long-term receivables	0,00	0,00	0,00	0,00
	Short-term receivables	21.680.000,00	22.918.000,00	23.896.000,00	24.677.000,00
	Financial accounts	2.360.000,00	2.540.000,00	1.784.000,00	7.714.000,00
	Accrued and deferred items	4.760.000,00	3.015.000,00	1.085.000,00	510.000,00
	LIABILITIES
	LIABILITIES AND EQUITY	105.780.000,00	103.262.000,00	110.755.000,00	103.260.000,00
	EQUITY	34.700.000,00	34.210.000,00	31.401.000,00	30.267.000,00
	Registered capital	5.000.000,00	5.000.000,00	2.550.000,00	2.550.000,00
	Registered capital (paid)	5.000.000,00	5.000.000,00	2.550.000,00	2.550.000,00
	Capital funds	100.000,00	71.000,00	0,00	1.576.000,00
	Funds from profit	4.850.000,00	3.300.000,00	6.702.000,00	7.000.000,00
	Profit/Loss from prior years	21.500.000,00	22.149.000,00	19.141.000,00	14.706.000,00
	Profit/Loss for current accounting period	3.250.000,00	3.690.000,00	3.008.000,00	4.435.000,00
	SUM OF LIABILITIES	62.020.000,00	65.522.000,00	64.485.000,00	60.862.000,00
	Provisions	4.520.000,00	3.988.000,00	2.313.000,00	2.502.000,00
	Liabilities	42.150.000,00	42.408.000,00	36.815.000,00	37.799.000,00
	Long-term liabilities	2.400.000,00	6.262.000,00	4.494.000,00	25.131.000,00
	Short-term liabilities	39.750.000,00	36.146.000,00	32.321.000,00	12.668.000,00
	Bank loans and financial assistance	15.350.000,00	19.126.000,00	25.357.000,00	20.561.000,00
	Long-term bank loans	9.800.000,00	12.544.000,00	19.841.000,00	0,00
	Short-term bank loans	5.550.000,00	6.582.000,00	5.516.000,00	20.561.000,00
	Short-term financial assistance	0,00	0,00	0,00	0,00
	Accrued and deferred items	9.060.000,00	3.530.000,00	14.869.000,00	12.131.000,00
	BALANCE SHEET TOTAL	105.780.000,00	103.262.000,00	110.755.000,00	103.260.000,00
	Statement of Profit and Loss
	Turnover	221.540.000,00	232.272.000,00	200.353.000,00	194.221.000,00
	Sales of goods bought for resale	13.480.000,00	15.174.000,00	14.978.000,00	11.564.000,00
	Sales of products and services	208.060.000,00	217.098.000,00	185.375.000,00	182.657.000,00
	Added value	64.250.000,00	69.728.000,00	52.835.000,00	61.867.000,00
	Depreciation of intangible and tangible fixed assets	4.720.000,00	5.409.000,00	6.502.000,00	10.003.000,00
	Operating profit/loss	2.140.000,00	2.576.000,00	3.269.000,00	9.024.000,00
	Profit/Loss from ordinary activities	2.140.000,00	2.576.000,00	3.269.000,00	9.024.000,00
	Profit/Loss for accounting period	3.250.000,00	3.690.000,00	3.008.000,00	4.435.000,00

Approximate Exchange Rates:

2005: 38,593 SKK = 1 EUR
2004: 40,045 SKK = 1 EUR
2003: 41,491 SKK = 1 EUR
2002: 42,699 SKK = 1 EUR
2001: 43,309 SKK = 1 EUR
2005: 31,022 SKK = 1 USD
2004: 32,255 SKK = 1 USD
2003: 36,773 SKK = 1 USD
2002: 45,335 SKK = 1 USD
2001: 48,347 SKK = 1 USD

Financial Comments:

The financial data were submitted directly by the management of the researched company.

Bankers:

"Tatra banka, akciová spoločnosť" - v jazyku slovenskom "Tatra bank" - v jazyku anglickom, "Tatra bank, Aktiengesellschaft" - v jazyku nemeckom v skr - Account no. 111222333/1100
Tatra banka , Vzorovo

Ratios:

Ratios not available

ADDITIONAL INFORMATION

Central Register of Right of Liens:

no record

General Meeting:

no record

Dotation:

Amount : 5.000.000 SKK
Reg. number : 2003-187-05
Date : 01.06.2003

CODES AND DEFINITIONS

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.)

Credit Rating
10		No risk
9		Excellent/almost no risk
8		Very low risk
7		Low risk
6		Less than medium risk
5		Medium risk
4		Above medium risk
3		High risk
2		Very high risk
1		Risk of insolvency
0		Insolvency/preliminary/debt regulation proceedings

Payment Practices

Payments are made very correctly. - Payments are made regularly. - Payments are made according to terms - Payments are made irregularly. - Payments are made slowly. - Payments are made very slowly. - Payments are extremely slow, constantly legal actions occur. - Payments stopped.

The information and/or data provided are subject to the general terms and conditions or individual contract terms and may be used only for the purpose they have been requested for.

The information and/or data provided are subject to the general terms and
conditions or individual contract terms and may be used only for the purpose
they have been requested for.

The information and/or data provided may in whole or in part represent or
contain advice or opinion based on information or data provided by third
parties the accuracy or completeness of which cannot be verified in every
case. Therefore, Coface Central Europe does not warrant the accuracy and
completeness of any information and/or data provided or the validity of any
advice or opinion contained therein and will accept no liability for any
error therein or omission therefrom.

The recipient undertakes at all times to exercise its own judgement in the
use of the information and/or data provided and shall be solely liable for
all opinions, recommendations, forecasts or comments made or actions taken.

In case of any additional questions please contact our company:

Coface Slovakia Credit Management Services s.r.o.
Černyševského 26
SK - 851 01 Bratislava
Tel.: +421/2/6720 1616
Fax : +421/2/6241 0359
E-mail: coface@coface.sk

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