Chart context menu - finacco-ks.comChapter 2 (points) Chapter 3 Chapter 1 (points) PROFILE Company:....

"Lin - Projekt Sh.p.k." "Lin - Projekt Sh.p.k."

Chapter 2Chapter 2

(points)(points)

Chapter 3Chapter 3

Chapter 1Chapter 1

(points)(points)

PROFILEPROFILECompany:Company:

Lin - Projekt Sh.p.k.


Adress:Adress:

P.n.Mbretresha Teutë

P.n.Mbretresha Teutë

PrimaryPrimaryActivityActivity

F.45 - Construction

F.45 - Construction

NRBNRBNumberNumber

70362934

70362934

VATVATNumberNumber

330045395

330045395

Owners:Owners:

Ferki Haxhimehmeti

Ferki Haxhimehmeti

Principals:Principals:

Ferki Haxhimehmeti

Ferki Haxhimehmeti

PAYMENT INDEXPAYMENT INDEX

20

0 10 20 30 40 50 60 70 80 90

NEW DEBTNEW DEBTNew Debt Allowed: 1,859,198€1,859,198€

Page 1 of 12

© 2018 All rights reserved. This report has been compiled by Finacco Kosovo LLC-FinANALYTICS. This report is provided for your internalbusiness use only. The Content is provided on an “as is” basis. The Content should not be relied on and is not a substitute for the skill,judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other businessdecisions. No content (including valuations, scorings, credit related analyses and data, model, software or other application or outputthere from) or any part thereof (Content) may be modi ed, reverse engineered, reproduced or distributed in any form by any means, orstored in a database or retrieval system, without the prior written permission of Finacco Kosovo LLC-FinANALYTICS.

CREDIT REPORT - SUMMARYCREDIT REPORT - SUMMARY

All amounts hereafter are in local currency / (EURO) unless otherwise stated.

SCORING MARKSCORING MARK

99 FIN A-FIN A- Z 5.2 Z 5.2 ▼ DOWNDOWN

EQUITYEQUITY

9

1 2 3 4 5 6 7 8 9 10

RISKRISK

FIN A-FIN A- STRONG capacity to meet its financialSTRONG capacity to meet its financialobligations.obligations.

ALTMAN ZSCOREALTMAN ZSCORE

5.18

0 0.5 0.9 1.8 2.1 2.4 2.9 4.9 7.9 7.9<

TRENDTREND

Trend: Trend: ▼ DOWNDOWN

KEY FINANCIALSKEY FINANCIALS

20132013 20142014 △ (2014 - 2013) (2014 - 2013) 20152015 △ (2015 - 2014) (2015 - 2014) 20162016 △ (2016 - 2015) (2016 - 2015)

Assets 2,883,085.62 3,484,688.02 ▲ 21.0 % 5,869,686.0 ▲ 68.0 % 6,871,444.0 ▲ 17.0 %

Equity 2,090,355.0 2,573,523.16 ▲ 23.0 % 4,509,698.0 ▲ 75.0 % 5,427,556.0 ▲ 20.0 %

Revenues 4,055,633.99 9,712,315.03 ▲ 139.0 % 6,916,485.0 ▼ -29.0 % 3,626,004.0 ▼ -48.0 %

Net Profit 483,541.74 533,168.0 ▲ 10.0 % 1,770,596.0 ▲ 232.0 % 917,858.0 ▼ -48.0 %

Current Ratio 2.64 4.39 ▲ 66.0 % 3.76 ▼ -14.0 % 4.2 ▲ 12.0 %

Quick Ratio 0.34 3.15 ▲ 826.0 % 2.63 ▼ -17.0 % 2.11 ▼ -20.0 %

Cash Ratio 0.03 1.08 ▲ 3500.0 % 0.67 ▼ -38.0 % 0.09 ▼ -87.0 %

Date of generation: 23.04.2019

Chapter 1Chapter 1

Chapter 1.1Chapter 1.1



TEB SH.A. TEB SH.A.

TEB SH.A. TEB SH.A.

Rr. Agim Ramadani nr.15


10000 Prishtinë, Kosovë


Tel: +381 (0) 38 230 123

Tel: +381 (0) 38 230 123

E-mail: [email protected]


Web: http://www.procreditbank-kos.com


NLB Banka NLB Banka

NLB Banka NLB Banka

Rr. Ukshin Hoti nr. 124

Rr. Ukshin Hoti nr. 124



Tel: +381 (0) 38 240 230 100

Tel: +381 (0) 38 240 230 100



Web: http://www.nlb-kos.com

Web: http://www.nlb-kos.com

ProCredit Bank ProCredit Bank

ProCredit Bank ProCredit Bank

Rr. Xhorxh Bush, Nr.26

Rr. Xhorxh Bush, Nr.26

10000 Prishtinë, Republika e Kosovës

10000 Prishtinë, Republika e Kosovës

Tel: +381 (0) 38 555 555, Mob: +386 (0) 49 555 555

Tel: +381 (0) 38 555 555, Mob: +386 (0) 49 555 555





Banka Kombëtare Tregtare Banka Kombëtare Tregtare

Banka Kombëtare Tregtare Banka Kombëtare Tregtare





Tel: +381 (0) 38 230 123

Tel: +381 (0) 38 230 123



Web: http://bkt-ks.com

Web: http://bkt-ks.com

Raiffeisen Bank Kosovo Raiffeisen Bank Kosovo

Raiffeisen Bank Kosovo Raiffeisen Bank Kosovo

Rr. UÇK Nr. 191

Rr. UÇK Nr. 191



Tel: +381 (0) 38 222 222, Mob: +386 (0) 49 222 222

Tel: +381 (0) 38 222 222, Mob: +386 (0) 49 222 222



Web: http://www.raiffeisen-kosovo.com

Web: http://www.raiffeisen-kosovo.com

Banka Ekonomike Banka Ekonomike

Banka Ekonomike Banka Ekonomike

Zyra Qendrore Sheshi Nëna Terezë p.n.

Zyra Qendrore Sheshi Nëna Terezë p.n.



+383(0) 38 500 500

+383(0) 38 500 500

+383(0) 38 500 507

+383(0) 38 500 507

[email protected] [email protected]

[email protected] [email protected]

nn

nn

Page 2 of 12

PROFILE PROFILE (Source of data: Kosovo Business Registration Agency)(Source of data: Kosovo Business Registration Agency)

Company:Company:



Website:Website:

http://www.linprojekt.com/

http://www.linprojekt.com/

Legal Status:Legal Status:

Limited liability company

Limited liability company

Date of RegistrationDate of Registration

11.05.2006

11.05.2006

NRB NumberNRB Number

70362934

70362934

Fiscal NumberFiscal Number

600004006

600004006

VAT NumberVAT Number

330045395

330045395

Primary SectorPrimary Sector(NACE list)

Construction

Construction

Primary ActivityPrimary Activity

F.45 - Construction

F.45 - Construction

Secondary SectorSecondary Sector

Real estate, renting and business activities

Real estate, renting and business activities

Secondary ActivitySecondary Activity

K.74.20 - Architectural and engineering activities and related technical consultancy

K.74.20 - Architectural and engineering activities and related technical consultancy

Other ActivitiesOther Activities

["DI.26.24 - Manufacture of other technical ceramic products", "F.45.22 - Erection of roof covering and frames", "F.45.23 - Construction of highways, roads, airelds and sport facilities", "I.60.20 - Other

["DI.26.24 - Manufacture of other technical ceramic products", "F.45.22 - Erection of roof covering and frames", "F.45.23 - Construction of highways, roads, airelds and sport facilities", "I.60.20 - Other

land transport", "K.74.20 - Architectural and engineering activities and related technical consultancy"]

land transport", "K.74.20 - Architectural and engineering activities and related technical consultancy"]

OWNERSHIPOWNERSHIPOwners:Owners:

Ferki Haxhimehmeti

Ferki Haxhimehmeti

Principals:Principals:

Ferki Haxhimehmeti

Ferki Haxhimehmeti

BRANCHESBRANCHESLocations:Locations:

Mitrovicë

Mitrovicë

BANKSBANKS




Page 3 of 12

LEGAL DISPUTESLEGAL DISPUTES

No Data

NOTESNOTES


%

Trend

2013 2014 2015 2016-100

0

100

200

TrendHighcharts.com





Actual Actual (2016)(2016)

99 FIN A-FIN A- Z 5.2 Z 5.2 ▼ DOWNDOWN

History History (2015)(2015)

88 FIN AFIN A Z 6.1 Z 6.1 ▼ DOWNDOWN

Page 4 of 12

SCORING MARKSCORING MARK

TRENDTREND

TypeType NameName 20132013 20142014 20152015 20162016

% Trend 0.00 % 139.00 % -29.00 % -48.00 %

ALTMAN Z-SCOREALTMAN Z-SCORE

NameName 20132013 20142014 △ (2014 - 2013) (2014 - 2013) 20152015 △ (2015 - 2014) (2015 - 2014) 20162016 △ (2016 - 2015) (2016 - 2015)

x Return on Total Assets 0.62 0.57 ▼ -8.0 % 1.12 ▲ 96.0 % 0.49 ▼ -56.0 %

x Sales to Total Assets 1.41 2.78 ▲ 97.0 % 1.18 ▼ -58.0 % 0.53 ▼ -55.0 %

x Equity to Debt 1.58 1.69 ▲ 7.0 % 1.99 ▲ 18.0 % 2.26 ▲ 14.0 %

x Working Capital to Total Assets 0.50 0.69 ▲ 38.0 % 0.75 ▲ 9.0 % 0.81 ▲ 8.0 %

x Retained Earnings to Total Assets 0.99 1.03 ▲ 4.0 % 1.06 ▲ 3.0 % 1.09 ▲ 3.0 %

Altman Z-Score ResultsAltman Z-Score Results 5.105.10 6.766.76 ▲ 33.0 %33.0 % 6.106.10 ▼ -10.0 %-10.0 % 5.185.18 ▼ -15.0 %-15.0 %

NEW DEBT ALLOWANCENEW DEBT ALLOWANCE

NameName 20132013 20142014 △ (2014 - 2013) (2014 - 2013) 20152015 △ (2015 - 2014) (2015 - 2014) 20162016 △ (2016 - 2015) (2016 - 2015)

Current DebtCurrent Debt

€ Net Debt 770,088.48 271,356.97 ▼ -65.0 % 456,990.0 ▲ 68.0 % 1,318,375.0 ▲ 188.0 %

€ Current Year EBITDA 624,368.6 672,830.0 ▲ 8.0 % 2,028,017.0 ▲ 201.0 % 1,059,191.0 ▼ -48.0 %

X Net Debt to EBITDA 1.23 0.4 ▼ -67.0 % 0.23 ▼ -43.0 % 1.24 ▲ 439.0 %

New DebtNew Debt

Industry Average Net Debt EBITDA Ratio 3 3 3 3

€ Current Year EBITDA 624,368.6 672,830.0 ▲ 8.0 % 2,028,017.0 ▲ 201.0 % 1,059,191.0 ▼ -48.0 %

€ Total Debt Capacity 1,873,105.8 2,018,490.0 ▲ 8.0 % 6,084,051.0 ▲ 201.0 % 3,177,573.0 ▼ -48.0 %

€€ Additional Debt AllowedAdditional Debt Allowed 1,103,017.321,103,017.32 1,747,133.031,747,133.03 ▲ 58.0 %58.0 % 5,627,061.05,627,061.0 ▲ 222.0 %222.0 % 1,859,198.01,859,198.0 ▼ -67.0 %-67.0 %


days

Payment Index

2013 2014 2015 2016-200

0

200

400

Payment IndexHighcharts.com

days

Net Trade Cycle

2013 2014 2015 20160

500

1000

1500

Cash CycleHighcharts.com



Page 5 of 12

PAYMENT INDEXPAYMENT INDEX

20132013 20142014 20152015 20162016

Accounts Payable Days 100.83 26.11 114.06 270.37

Payment Index Company Days 30 30 30 30

Payment IndexPayment Index 70.8370.83 -3.89-3.89 84.0684.06 240.37240.37

CASH CYCLECASH CYCLE

NameName 20132013 20142014 △ (2014 - 2013) (2014 - 2013) 20152015 △ (2015 - 2014) (2015 - 2014) 20162016 △ (2016 - 2015) (2016 - 2015)

days Accounts Receivable Days on Hand 20.14 46.09 ▲ 129.0 % 137.74 ▲ 199.0 % 294.35 ▲ 114.0 %

days Inventory Days on Hand 232.48 32.30 ▼ -86.0 % 128.98 ▲ 299.0 % 561.54 ▲ 335.0 %

days Accounts Payable Days 100.83 26.11 ▼ -74.0 % 114.06 ▲ 337.0 % 270.37 ▲ 137.0 %

Net Trade Cycle or Cash CycleNet Trade Cycle or Cash Cycle 353.45353.45 104.50104.50 380.78380.78 1126.261126.26


Euro

Income StatementIn thousands (000)

2013 2014 2015 20160

500k

1 000k

1 500k

2 000k

2 500k

3 000k

Gross Profit EBITDA EBT Profit / LossHighcharts.com

Chapter 3Chapter 3

Page 6 of 12

FINANCIAL DATAFINANCIAL DATA

All amounts hereafter are in local currency / (EURO) unless otherwise stated.

Source of Financials: Source of Financials:

Audit report Audit Company/Autorized Person: Audit report Audit Company/Autorized Person:

Audit report Audit Company/Autorized Person: Audit report Audit Company/Autorized Person:

Etika Etika

Etika Etika

Income Statement Income Statement (in thousands '000 €)(in thousands '000 €)

20132013 20142014 △ (2014 - 2013) (2014 - 2013) 20152015 △ (2015 - 2014) (2015 - 2014) 20162016 △ (2016 - 2015) (2016 - 2015)

Revenues 4,056 9,712 ▲ 139.0 % 6,916 ▼ -29.0 % 3,626 ▼ -48.0 %

Cost of Sales 2,632 8,282 ▲ 215.0 % 4,286 ▼ -48.0 % 1,951 ▼ -54.0 %

Gross ProfitGross Profit 1,4241,424 1,4301,430 - - 0.0 %0.0 % 2,6302,630 ▲ 84.0 %84.0 % 1,6751,675 ▼ -36.0 %-36.0 %

Administrative and Staff Expenses 800 757 ▼ -5.0 % 602 ▼ -20.0 % 616 ▲ 2.0 %

Selling and Distribution Expenses 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Other Expenses 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Other Income 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Other Cost 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Earnings Before Interest Tax Depreciation & AmortizationEarnings Before Interest Tax Depreciation & Amortization 624624 673673 ▲ 8.0 %8.0 % 2,0282,028 ▲ 201.0 %201.0 % 1,0591,059 ▼ -48.0 %-48.0 %

Depreciation & Amortisation 87 80 ▼ -8.0 % 60 ▼ -25.0 % 39 ▼ -35.0 %

Earnings Before Interest & TaxEarnings Before Interest & Tax 537537 593593 ▲ 10.0 %10.0 % 1,9681,968 ▲ 232.0 %232.0 % 1,0201,020 ▼ -48.0 %-48.0 %

Financial Income 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Financial Costs 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Earnings Before TaxEarnings Before Tax 537537 593593 ▲ 10.0 %10.0 % 1,9681,968 ▲ 232.0 %232.0 % 1,0201,020 ▼ -48.0 %-48.0 %

Tax on Profit 54 59 ▲ 10.0 % 197 ▲ 232.0 % 102 ▼ -48.0 %

Profit/Loss of the YearProfit/Loss of the Year 484484 533533 ▲ 10.0 %10.0 % 1,7711,771 ▲ 232.0 %232.0 % 918918 ▼ -48.0 %-48.0 %


Assets, Equity and Liabilities 2016

Non-Current AssetsNon-Current Assets

Current AssetsCurrent AssetsTotal EquityTotal Equity

Non-Current LiabilitiesNon-Current Liabilities

Current LiabilitiesCurrent Liabilities

Highcharts.com

Page 7 of 12

Balance Sheet Balance Sheet (in thousands '000 €)(in thousands '000 €)

20132013 20142014 △ (2014 - 2013) (2014 - 2013) 20152015 △ (2015 - 2014) (2015 - 2014) 20162016 △ (2016 - 2015) (2016 - 2015)

Property, Plant And Equipments 965 885 ▼ -8.0 % 841 ▼ -5.0 % 811 ▼ -4.0 %

Intangible Assets 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Total Non-Current AssetsTotal Non-Current Assets 965965 885885 ▼ -8.0 %-8.0 % 841841 ▼ -5.0 %-5.0 % 811811 ▼ -4.0 %-4.0 %

Inventories 1,671 733 ▼ -56.0 % 1,514 ▲ 107.0 % 3,015 ▲ 99.0 %

Trade and Other Receivables 224 1,227 ▲ 448.0 % 2,611 ▲ 113.0 % 2,920 ▲ 12.0 %

Prepayments 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Cash and Cash Equivalents 23 640 ▲ 2726.0 % 903 ▲ 41.0 % 126 ▼ -86.0 %

Total Current AssetsTotal Current Assets 1,9181,918 2,6002,600 ▲ 36.0 %36.0 % 5,0285,028 ▲ 93.0 %93.0 % 6,0606,060 ▲ 21.0 %21.0 %

Total AssetsTotal Assets 2,8832,883 3,4853,485 ▲ 21.0 %21.0 % 5,8705,870 ▲ 68.0 %68.0 % 6,8716,871 ▲ 17.0 %17.0 %

Share Capital 60 60 - 0.0 % 60 - 0.0 % 60 - 0.0 %

Share Premium 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Accumulated Profit/Loss 2,030 2,564 ▲ 26.0 % 4,450 ▲ 74.0 % 5,368 ▲ 21.0 %

Reserves 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Withdrawals/Dividents 0 -50 - 0.0 % 0 ▼ -100.0 % 0 - 0.0 %

Total EquityTotal Equity 2,0902,090 2,5742,574 ▲ 23.0 %23.0 % 4,5104,510 ▲ 75.0 %75.0 % 5,4285,428 ▲ 20.0 %20.0 %

Loans and Borrowings 67 319 ▲ 378.0 % 0 ▼ -100.0 % 0 - 0.0 %

Deferred Tax Liabilities 0 0 - 0.0 % 22 - 0.0 % 0 ▼ -100.0 %

Total Non-Current LiabilitiesTotal Non-Current Liabilities 6767 319319 ▲ 378.0 %378.0 % 2222 ▼ -93.0 %-93.0 % 00 ▼ -100.0 %-100.0 %

Loans and Borrowings 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Trade and Other Payables 726 593 ▼ -18.0 % 1,338 ▲ 126.0 % 1,444 ▲ 8.0 %

Deferred Income 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %

Total Current LiabilitiesTotal Current Liabilities 726726 593593 ▼ -18.0 %-18.0 % 1,3381,338 ▲ 126.0 %126.0 % 1,4441,444 ▲ 8.0 %8.0 %

Total LiabilitiesTotal Liabilities 793793 911911 ▲ 15.0 %15.0 % 1,3601,360 ▲ 49.0 %49.0 % 1,4441,444 ▲ 6.0 %6.0 %

Total Equity and LiabilitiesTotal Equity and Liabilities 2,8832,883 3,4853,485 ▲ 21.0 %21.0 % 5,8705,870 ▲ 68.0 %68.0 % 6,8716,871 ▲ 17.0 %17.0 %


Income Statement Income Statement (vertical analysis) %(vertical analysis) %

20132013 20142014 20152015 20162016

Revenues 100% 100% 100% 100%

Cost of Sales 65% 85% 62% 54%

Gross ProfitGross Profit 35%35% 15%15% 38%38% 46%46%

Administrative and Staff Expenses 20% 8% 9% 17%

Selling and Distribution Expenses 0% 0% 0% 0%

Other Expenses 0% 0% 0% 0%

Other Income 0% 0% 0% 0%

Other Cost 0% 0% 0% 0%

Earnings Before Interest Tax DepreciationEarnings Before Interest Tax Depreciation& Amortization& Amortization

15%15% 7%7% 29%29% 29%29%

Depreciation & Amortisation 2% 1% 1% 1%

Earnings Before Interest & TaxEarnings Before Interest & Tax 13%13% 6%6% 28%28% 28%28%

Financial Income 0% 0% 0% 0%

Financial Costs 0% 0% 0% 0%

Earnings Before TaxEarnings Before Tax 13%13% 6%6% 28%28% 28%28%

Tax on Profit 1% 1% 3% 3%

Profit/Loss of the YearProfit/Loss of the Year 12%12% 5%5% 25%25% 25%25%

Balance Sheet Balance Sheet (vertical analysis) %(vertical analysis) %

20132013 20142014 20152015 20162016

Property, Plant And Equipments 33% 25% 14% 12%

Intangible Assets 0% 0% 0% 0%

Total Non-Current Assets 33% 25% 14% 12%

Inventories 58% 21% 26% 44%

Trade and Other Receivables 8% 35% 44% 42%

Prepayments 0% 0% 0% 0%

Cash and Cash Equivalents 1% 18% 15% 2%

Total Current Assets 67% 75% 86% 88%

Total AssetsTotal Assets 100%100% 100%100% 100%100% 100%100%

Share Capital 2% 2% 1% 1%

Share Premium 0% 0% 0% 0%

Accumulated Profit/Loss 70% 74% 76% 78%

Reserves 0% 0% 0% 0%

Withdrawals/Dividents 0% -1% 0% 0%

Total EquityTotal Equity 73%73% 74%74% 77%77% 79%79%

Loans and Borrowings 2% 9% 0% 0%

Deferred Tax Liabilities 0% 0% 0% 0%

Total Non-Current LiabilitiesTotal Non-Current Liabilities 2%2% 9%9% 0%0% 0%0%

Loans and Borrowings 0% 0% 0% 0%

Trade and Other Payables 25% 17% 23% 21%

Deferred Income 0% 0% 0% 0%

Total Current LiabilitiesTotal Current Liabilities 25%25% 17%17% 23%23% 21%21%

Total LiabilitiesTotal Liabilities 27%27% 26%26% 23%23% 21%21%

Total Equity and LiabilitiesTotal Equity and Liabilities 100%100% 100%100% 100%100% 100%100%

Page 8 of 12

Cash Flow Cash Flow (in thousands '000 €)(in thousands '000 €)

20132013 20142014 △ (2014 - 2013) (2014 - 2013) 20152015 △ (2015 - 2014) (2015 - 2014) 20162016 △ (2016 - 2015) (2016 - 2015)

Net Cash from Operating Activities -419 607 ▲ 245.0 % 778 ▲ 28.0 % -773 ▼ -199.0 %

Net Cash from Investing Activities -14 0 ▼ -100.0 % 0 - 0.0 % -5 - 0.0 %

Net Cash from Financing Activities 23 11 ▼ -53.0 % -514 ▼ -4981.0 % 0 ▼ -100.0 %

Net Increase/(Decrease) in Cash and Cash Equivalents -410 617 ▲ 251.0 % 263 ▼ -57.0 % -777 ▼ -395.0 %

Cash and Cash Equivalent at 1 January 433 23 ▼ -95.0 % 640 ▲ 2726.0 % 903 ▲ 41.0 %

Cash and Cash Equivalent at 31 DecemberCash and Cash Equivalent at 31 December 2323 640640 ▲ 2726.0 %2726.0 % 903903 ▲ 41.0 %41.0 % 126126 ▼ -86.0 %-86.0 %


Chapter 4Chapter 4

Page 9 of 12

RATIOSRATIOS

NameName 20132013 20142014 △ (2014 - 2013) (2014 - 2013) 20152015 △ (2015 - 2014) (2015 - 2014) 20162016 △ (2016 - 2015) (2016 - 2015)

Liquidity RatiosLiquidity Ratios

X Current Ratio 2.64 4.39 ▲ 66.0 % 3.76 ▼ -14.0 % 4.2 ▲ 12.0 %

X Quick Ratio 0.34 3.15 ▲ 826.0 % 2.63 ▼ -17.0 % 2.11 ▼ -20.0 %

X Cash Ratio 0.03 1.08 ▲ 3500.0 % 0.67 ▼ -38.0 % 0.09 ▼ -87.0 %

X Net Working Capital to Sales 0.29 0.21 ▼ -28.0 % 0.53 ▲ 152.0 % 1.27 ▲ 140.0 %

Activity RatiosActivity Ratios

X Accounts Receivable Turnover 18.12 7.92 ▼ -56.0 % 2.65 ▼ -67.0 % 1.24 ▼ -53.0 %

days Accounts Receivable Days on Hand 20.14 46.09 ▲ 129.0 % 137.74 ▲ 199.0 % 294.35 ▲ 114.0 %

X Inventory Turnover Ratio 1.57 11.3 ▲ 620.0 % 2.83 ▼ -75.0 % 0.65 ▼ -77.0 %

days Inventory Days on Hand 232.48 32.3 ▼ -86.0 % 128.98 ▲ 299.0 % 561.54 ▲ 335.0 %

X Accounts Payable Turnover 3.62 13.98 ▲ 286.0 % 3.2 ▼ -77.0 % 1.35 ▼ -58.0 %

days Accounts Payable Days 100.83 26.11 ▼ -74.0 % 114.06 ▲ 337.0 % 270.37 ▲ 137.0 %

days Operating Cycle 252.62 78.39 ▼ -69.0 % 266.72 ▲ 240.0 % 855.89 ▲ 221.0 %

days Net Trade Cycle or Cash Cycle 151.79 52.28 ▼ -66.0 % 152.66 ▲ 192.0 % 585.52 ▲ 284.0 %

X Working Capital Turnover 3.4 4.84 ▲ 42.0 % 1.87 ▼ -61.0 % 0.79 ▼ -58.0 %

X Fixed Assets Turnover 4.2 10.97 ▲ 161.0 % 8.22 ▼ -25.0 % 4.47 ▼ -46.0 %

X Assets Turnover 1.41 2.79 ▲ 98.0 % 1.18 ▼ -58.0 % 0.53 ▼ -55.0 %

Profitability RatiosProfitability Ratios

% ROE - Return on Equity 194.02 377.39 ▲ 95.0 % 153.37 ▼ -59.0 % 66.81 ▼ -56.0 %

% Return on Assets 18.64 17.0 ▼ -9.0 % 33.53 ▲ 97.0 % 14.84 ▼ -56.0 %

% Gross Profit Margin on Sales 35.11 14.72 ▼ -58.0 % 38.03 ▲ 158.0 % 46.21 ▲ 22.0 %

% Operating Margin (EBIT) on Sales 13.25 6.1 ▼ -54.0 % 28.45 ▲ 366.0 % 28.13 ▼ -1.0 %

% Net Profit Margin on Sales 11.92 5.49 ▼ -54.0 % 25.6 ▲ 366.0 % 25.31 ▼ -1.0 %

% OPEX on Sales 19.72 7.8 ▼ -60.0 % 8.71 ▲ 12.0 % 17.0 ▲ 95.0 %

Solvency RatiosSolvency Ratios

X Total Debt to Total Assets 0.27 0.26 ▼ -4.0 % 0.23 ▼ -12.0 % 0.21 ▼ -9.0 %

X Long Term Debt to Total Assets 0.02 0.09 ▲ 350.0 % 0.0 ▼ -100.0 % 0.0 - 0.0 %

X Debt to Total Equity 0.38 0.35 ▼ -8.0 % 0.3 ▼ -14.0 % 0.27 ▼ -10.0 %

X Financial Leverage (Equity Multiplier) 1.38 1.35 ▼ -2.0 % 1.3 ▼ -4.0 % 1.27 ▼ -2.0 %

X Coverage Financial Leverage Ratio 0 0 - 0.0 % 0 - 0.0 % 0 - 0.0 %


Chapter 5Chapter 5

Risk Scoring RangesRisk Scoring Ranges

RatingRating CommentsComments

FIN AAA+

FIN AAA SUPREME STRONG capacity to meet its financialobligations.

FIN AAA-

FIN AA+

FIN AA VERY STRONG capacity to meet its financialobligations.

FIN AA-

FIN A+

FIN A STRONG capacity to meet its financial obligations.

FIN A-

FIN BBB+

FIN BBB ADEQUATE capacity to meet its financial obligations.

FIN BBB-

FIN BB+

FIN BB LESS VULNERABLE capacity to meet its financialobligations.

FIN BB-

FIN B+

FIN B MORE VULNERABLE capacity to meet its financialobligations.

FIN B-

FIN C CURRENTLY VULNERABLE capacity to meet itsfinancial obligations.

FIN D FAILED to meet its financial obligations.

FIN E WITHDRAWN rating (debt maturity unclear otherchanges or other business issues).

FIN F INSUFICIENT information to perform scoring.

Z-Score RangesZ-Score Ranges

Z-Score RangeZ-Score Range Zone of DiscriminationZone of Discrimination Distess LevelDistess Level

Negative Severely distressed

Between 0 and 0.99 Disstress ZonesDisstress Zones Moderately distressed

Between 1 and 1.81 Mildly distressed

Between 1.81 and 2.40 Slightly distressed

Between 2.41 and 2.99 Gray ZonesGray Zones Stable, but weak

Between 3 and 4.99 Strong

Between 5 and 7.99 Safe ZonesSafe Zones Highly Strong

Greater than 8 Almost no distress

Page 10 of 12

Finacco Kosovo LLC-FinANALYTICS - Reader's Guide & GlossaryFinacco Kosovo LLC-FinANALYTICS - Reader's Guide & Glossary

Scoring Mark ExampleScoring Mark Example Scoring Mark ExplanationScoring Mark Explanation

9 FIN A- Z 5.2 ▼ DOWN Equity | Risk Indicators | Z-Score | Trend

Finacco Kosovo LLC-FinANALYTICSFinacco Kosovo LLC-FinANALYTICS Credit Score mark is calculated using following sets of data: Equity; RiskEquity; RiskIndicators; Z-Score and Trend.Indicators; Z-Score and Trend.

The Risk Indicators are used in conjunction with the Financial Strength Indicator - (Equity) Financial Strength Indicator - (Equity) and re ects FinaccoFinaccoKosovo LLC-FinANALYTICSKosovo LLC-FinANALYTICS opinion of the risk associated with trading with a speci c business, particularly thelikelihood of business continuance or failure over the next 12 months.

The Risk Indicators are refreshed whenever data are loaded into our database. The comparable sector ratios arebased on official International Business and Industrial average ratios published on yearly bases.

Finacco Kosovo LLC-FinANALYTICSFinacco Kosovo LLC-FinANALYTICS reserves the right to update and amend the ratios from time to time in order toproduce accurate reports based on the latest available Business and Industrial International sector ratios (as perNACENACE and SNA-ISICSNA-ISIC code list of sectors and activities).

The Net Debt EBITDA Net Debt EBITDA is calculated with a multiple of 3X 3X unless stated otherwise.


Equity RangesEquity Ranges

PointsPoints Range of NetWorth (€)Range of NetWorth (€)

1 10,000 - 50,000

2 50,001 - 100,000

3 100,001 - 300,000

4 300,001 - 500,000

5 500,001 - 700,000

6 700,001 - 1,000,000

7 1,000,001 - 3,000,000

8 3,000,001 - 5,000,000

9 5,000,001 - 7,000,000

10 > 7,000,001

Payment Index RangesPayment Index Ranges

PointsPoints DaysDays DescriptionDescription

100 < 0 Company anticipates

90 5 - 7 Company settles payments up to 7 days past due

80 7 - 15 Company pays slow to 15 days past due






20 > 120 Company pays slow to 120 days past due

10 N/A No Data

Page 11 of 12

Ratios GlossaryRatios Glossary

Liquidity RatiosLiquidity Ratios FormulaFormula

Current Ratio (Current Assets/ CurrentLiabilities) Indicates a company’s ability to satisfy its current liabilities with its current assets

Quick Ratio -Acid Test

[(Total Current Assets -TotalInventory)/Total CurrentLiabilities]

Indicates a company’s ability to satisfy its current liabilities with its most liquid assets (currentassets less inventory)

Cash Ratio [(Cash + marketable securities)/Total Current Liabilities]

Indicates a company’s ability to satisfy its current liabilities with its most liquid assets (Moreconservative than quick ratio as it excludes net receivables - all of which may not be collected)

Net WorkingCapital to SalesRatio

[(Current Assets-CurrentLiabilities) / Sales)]

Indicates a company’s liquid assets (after meeting short-term obligations) relative to its needfor liquidity (represented by sales)

Activity RatiosActivity Ratios FormulaFormula

AccountsReceivableTurnover

(Net Sales/ Net AccountsReceivable) Indicates how many times in the period credit sales have been created and collected on

AccountsReceivable Dayson hand

(365 Days/Accounts receivableTurnover ) The number of days account receivables are collected

InventoryTurnover Ratio

(Cost of Goods Sold/TotalInventory) The inventory turnover is the number of times that the inventory comes and leaves

Inventory Dayson hand

(365 Days/Inventory Turnoverratio) The number of days inventory is how long the inventory stays with the company

AccountPayableTurnover Ratio

(Cost of Goods Sold/AccountPayables)

The accounts payable turnover ratio indicates how many times a company pays off its suppliersduring an accounting period.

AccountsPayable Days

(365 Days/Accounts PayableTurnover)

The number of days account payables are paid (to go from creating a payable to paying for it incash.

Operating Cycle (Accounts Receivable Days +Inventory Days)

The operating cycle tells us how long it takes to convert an investment in cash back into cash(by way of inventory and account receivables

Net Trade Cycleor Cash Cycle

(Accounts Receivable Days +Inventory Days - AccountsPayable Days)

The net operating cycle therefore tells us how long it takes for the company to get cash backfrom its investment in inventory and account receivables, considering that purchases maybe be

in credit.

Working CapitalTurnover (Net Sales/Working Capital) Amount of operating capital needed to maintain a given sales level

Fixed AssetsTurnover (Net Sales/Fixed Assets) Indicates the ability of company’s management to punt fixed assets to work to generate sales


Chapter 6Chapter 6

Page 12 of 12

Profitability RatiosProfitability Ratios FormulaFormula

Asset Turnover (Net Sales/TotalAssets) Indicates the extent that the investment in total assets results in sales

ROE - Return onEquity

(Net Sales/TotalShareholders Equity) Indicates the profitability of all equity investors’ investment

Return on AssetsRatio

(Profit BeforeTaxes/Total Assets) Indicates the overall profitability of assets

Gross Profit Marginon Sales

(Gross Profit/NetSales) Captures the relation between sales generated and manufacturing (or merchandising) costs

Operating Margin(EBIT) on Sales (EBIT/Net Sales) The operating profit margin (EBIT) to sales, that indicates how much of each EUR/USD of sales is left

over operating expenses

Net Profit Margin onSales (NetProfit/Net Sales) The Net Profit margin to sales indicates how much of each EUR/USD of sales is left over after all

expenses

OPEX on Sales (OperatingExpenses/Net Sales) Captures the relation between sales generated and operating costs

Solvency RatiosSolvency Ratios FormulaFormula

Total Debt to TotalAssets

(Total Debts / TotalAssets )

The total debt to asset ratio indicates the proportion of assets that are financed with debt (both short& long term debt)

Long Term Debts toTotal Assets

(Long Term Debts /Total Assets )

The long term - debt to asset ratio indicates the proportion of the company’s assets that are financedwith long term debt.

Debt to Total Equity (Total Debts / TotalEquity ) The long term - debt to asset ratio indicates the percentage of total assets provided by owners.

Financial Leverage(Equity Multiplier)

(Total Assets / TotalShareholder's Equity )

Degree to which enterprise uses owners’ capital to finance assets. We’ll calculate this ratio using theaverages of the balance sheet accounts to facilitate our ratio decomposition.

Coverage FinancialLeverage Ratio

(EBIT / InterestExpense)

The time-interest-coverage ratio compares earning available to meet the interest obligation with theinterest obligation

DISCLAIMERDISCLAIMER© Copyright 2018, © Copyright 2018, Finacco Kosovo LLC-FinANALYTICS PartiesFinacco Kosovo LLC-FinANALYTICS Parties and/or its licensors and affiliates (collectively known as and/or its licensors and affiliates (collectively known as “Finacco Kosovo LLC-FinANALYTICS”“Finacco Kosovo LLC-FinANALYTICS” ). All rights reserved.). All rights reserved.

ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHERALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHERTRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR PART, IN ANY FORM ORTRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR PART, IN ANY FORM ORMANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT PRIOR WRITTEN CONSENT BY FINACCO KOSOVO LLC-FINANALYTICS.MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT PRIOR WRITTEN CONSENT BY FINACCO KOSOVO LLC-FINANALYTICS.

All information contained herein is obtained by Finacco Kosovo LLC-FinANALYTICSFinacco Kosovo LLC-FinANALYTICS from sources it believes to be accurate and reliable. Because of the possibility of human or mechanicalerror, as well as other factors, such information is provided “AS IS” without warranty of any kind and Finacco Kosovo LLC-FinANALYTICSFinacco Kosovo LLC-FinANALYTICS , in particular, makes no representation or warranty,expressed or indirect, as to the accuracy, timeliness, completeness, merchantability, or tness for any particular use of any such information. Under no circumstances shall Finacco KosovoFinacco KosovoLLC-FinANANLYTICSLLC-FinANANLYTICS have any liability to any person or entity for the following:

(i) any loss or damage, in whole or part, caused by, resulting from, or relating to any error (negligent or otherwise) or other circumstance or contingency within or outside the control ofFinacco Kosovo LLC-FinANALYTICSFinacco Kosovo LLC-FinANALYTICS or any of its directors, officers, employees, or agents in connection with the procurement, collection, compilation, analysis, interpretation, communication,publication, and/or delivery of any such information; or

(ii) any direct, indirect, special, consequential, compensatory, or incidental damages whatsoever, including without limitation of lost pro ts, even if Finacco Kosovo LLC-FinANALYTICSFinacco Kosovo LLC-FinANALYTICSadvises in advance the possibility of such damages, resulting from the use of or inability to use any such information. The credit scoring and nancial reporting analysis observations, if any,constituting part of the information contained herein, are, and must be construed solely as, statements of opinion and not statements of fact or recommendations to grant credit or enter intoany form of investment with the company.

NO WARRANTY, EXPRESSED OR INDIRECT, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY, OR FITNESS FOR ANY PATICULAR USE OF ANY SUCH SCORING ORNO WARRANTY, EXPRESSED OR INDIRECT, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY, OR FITNESS FOR ANY PATICULAR USE OF ANY SUCH SCORING OROTHER OPINION OR INFORMATION IS GIVEN OR MADE BY FINACCO KOSOVO LLC-FINANALYTICS IN ANY FORM OR MANNER WHATSOEVER.OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY FINACCO KOSOVO LLC-FINANALYTICS IN ANY FORM OR MANNER WHATSOEVER. Each scoring or other opinion must be weighedsolely as one factor in any investment decision made by or on behalf of any user of the information contained herein, and each such user must make its own study and evaluation accordingly.


Chart context menu - finacco-ks.comChapter 2 (points) Chapter 3 Chapter 1 (points) PROFILE Company:....

Documents

Transcript of Chart context menu - finacco-ks.comChapter 2 (points) Chapter 3 Chapter 1 (points) PROFILE Company:....