Creditreform reportCrefo No.: 8005 Company identiﬁcation · Creditreform Romania Date / Time 07/09/2016 / 12:27 Customer No. RO - 1247 Your No. 27261/23796 / Order No. 1465944 Last

Creditreform Romania

Date / Time 07/09/2016 / 12:27Customer No. RO - 1247Your No. 27261/23796 /

Order No. 1465944Last research date 07/09/2016Page 1 from 18

Creditreform report Crefo No.: 8005

Company identification

DEDEMAN SRL Telephone +40 234 513330+40 234 512910

Alexei Tolstoi 8 Fax +40 234 581539600093 Bacau Bacau E-mail [email protected] WEB www.dedeman.ro

Crefo No. 8005 Registration No. J04/2621/1992Tax No. RO 2816464 Status Active

Solvency index

S150

Solvency index between 100 and 150 means ”very good rating”.

This class represents very low risk in a business partnership, business connections are recommended.

Solvency index is a very strong and capable early-alarm indicator enabling a fast assessment of solvency of busi-ness partners. The higher the solvency index, the higher the risk of default of a client. The solvency index ranges from100, a very good rating, to 600 where highly negative characteristics are present.

Solvency index history

600

500

400

300

200

100

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

600

500

400

300

200

100

290250

280 270

200

250

200230

200

325

200180 170

150

This report is only intended for the recipient. Liability for any kind of negligence is disclaimed for the contents of the report and the decisions resulting from this. This report is based oninformation at our disposal at the time of the preparing of the report; no claim on completeness is raised in this regard. This also applies to vicarious agents.





Economic situation

Maximum credit limit 9.000.000 (EUR)Business connection Business connections are permissible (21)Payment behaviour As far as known, prompt (29)

Basic information

Legal formPrivate Limited Company

Registration and changes

established on 05.11.1992 as Dedeman Srl Private Limited Company

Owners and Capital

Name / Address / Nationality From SharePaval Dragos (birth date 22/06/1966)MUNICIPIUL BACAU, RomaniaRomanian

05/11/1992 60,000000 %

Paval Adrian (birth date 23/09/1968)MUNICIPIUL BACAU, RomaniaRomanian

17/03/1998 40,000000 %

Registered capital

Currency ValueRON 800.000.000

Management

Name / Address / Status Since PositionPaval Adrian (birth date 23/09/1968)MUNICIPIUL BACAURomania

24/02/1998 Administrator






Paval Dragos (birth date 22/06/1966)MUNICIPIUL BACAURomania

05/11/1992 Administrator

Company addresses information

Working pointsVatra Dornei, Str.Argestru Nr. F.nVaslui, Str.Stefan Cel Mare Nr. 5Targoviste, Str.Aleea Sinaia Nr. 25Suceava, Str.Cernauti Nr. 103Sat Hudum, Com. Curtesti, Jud.BotosaniRomanOnesti, Str.Calea Slanicului Nr. 4Lazu- ConstantaIasi, Str.Manta Rosie Nr. 9Iasi, Str.Luca Arbore Nr. 2Focsani, Str.Cuza Voda Nr. 62Dumbrava Rosie, Str.Dumbravei Nr. 29Cordun, Str.Drum European E85Comanesti, Str.Republicii In Punctul Gara Nr. FnBuzau, Str.Sos. Nordului, Nr.10Bucuresti, Str.Valea Cascadelor, Nr.26Bucuresti, Str.Theodor Pallady, Nr.50Bucuresti, Str.Sos. Colentina, Nr.426Bucuresti, Str.Actiunii Nr. 2-4Braila, Str.Baldovinesti Nr. 12Bacau, Str.Republicii Nr. 74Bacau, Str.Mioritei, Nr.2Bacau, Str.Marasesti Nr.187 Nr. 187Bacau, Str.Marasesti Nr. 165Bacau, Str.Marasesti Nr. 114Bacau, Str.Dumbravei Nr. (3)2Bacau, Str.Calea Republicii Nr. 185Bacau, Str.Calea Moinesti Nr. 34Bacau, Str.Banca Nationala Nr. 25Bacau, Str.Arcadie Septilici Nr. 14Bacau, Str.Alexei Tolstoi Nr. 4Bacau, Str.9 Mai Nr. 96Agigea, Str.Dinu Cocea Nr. 1

Subsidiaries






Participation of the company

Tax No. Name / Address ShareParticipations of the company

RO 15934070 DEDEMAN AUTOMOBILE SRL100,00000000%

RO 17329564 TEHNOLUX SRL 52,00000000%

Connections

Through Name / Address Position SharePaval Adrian

RO 18227759 DEDEMAN TRANSPORT SRL administratorandshareholder

5,00000000%

Paval Dragos

RO 18227759 DEDEMAN TRANSPORT SRL administratorandshareholder

5,00000000%

Business activities

Main activity NaceRetail sale of hardware, paints and glass in specialised stores 4752

Trade with professional and industrial electric tools

Legal office and working spaces at the above mentioned address

Economic data

Turnover and Employees

Date Turnover Employees31.12.2015 4.361.619.720 RON 7.65631.12.2014 3.412.509.790 RON 7.17931.12.2013 2.679.189.210 RON 6.48931.12.2012 2.410.570.736 RON 5.71131.12.2011 2.016.376.729 RON 4.64631.12.2010 1.553.690.944 RON 3.752






31.12.2009 1.067.270.206 RON 2.97131.12.2008 910.346.913 RON 2.23331.12.2007 616.224.623 RON 1.47631.12.2006 395.491.183 RON 96531.12.2005 254.086.645 RON 66731.12.2004 174.780.296,5 RON 46431.12.2003 121.011.982,6 RON 36131.12.2002 80.132.174 RON 18031.12.2001 43.024.641,3 RON 123

PropertiesAccording to the Balance Sheet of 31.12.2015 date the company holds real estates with a book value of 1.857.715.435,00RON, but we do not have any other details on the type and location of these assets.

Supplementary data

Banks

Financial Institution BranchBanca Romana de Dezvoltare Groupe Societe Generale BacauBancpost Sa BacauRaiffeisenbank Romania BacauRBS BANK (ROMANIA) SA BacauUnicredit Tiriac Bank Bacau

The subject is registered in the Electronic Archive for Secured Transactions, as having credits at:- Banca Romana de Dezvoltare Groupe Societe Generale, Bacau- Bancpost Sa, Bacau- Raiffeisenbank Romania, Bacau- RBS BANK (ROMANIA) SA, Bacau- Unicredit Tiriac Bank, BacauThese credits are guaranteed with cash-flow and fixed assets.If the company is asking for credits, for which the company has to present guarantees, these have to be first verified.

Main indices

Payment experience and credit opinion

Maximum credit limit 9.000.000 (EUR)Business connection Business connections are permissible (21)Payment behaviour As far as known, prompt (29)






Negative eventsAccording to the information registered at the Ministry of Finance, the company has no overdue debts to the State budgetas of 30.06.2016.

There are no records related to the subject at the Payment Incidents Bureau (CIP) in the period 06.09.2009 -06.09.2016.

There are no records related to the subject company in our debt collection department.

There are no records related to the subject company at the Insolvency Proceedings Bulletin.

The subject company is not registered with legal proceedings opened against it, according to Court Portal.

Balances

Assets

Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

Incorporation expenses r1 0 0 0

Development expenses r2 0 0 0

Concession rights, patents, licences, trademarks,similar rights and assets and other intangible fixedassets

r3 6.422.298 7.678.617 10.011.325

Goodwill r4 0 0 0

Down payments and intangible fixed assets inprogress

r5 76.256 0 0

TOTAL INTANGIBLE FIXED ASSETS r6 6.498.554 7.678.617 10.011.325

Land and buildings r7 1.292.132.783 1.508.927.860 1.744.309.042

Technical installations and machines r8 43.792.521 55.502.416 57.026.457

Other installations, machinery and furniture r9 32.272.656 33.134.375 43.347.207

Down payments and tangible fixed assets inprogress

r10 62.163.062 80.686.895 26.805.340

TOTAL TANGIBLE FIXED ASSETS r11 1.430.361.022 1.678.251.546 1.891.862.065

Shares in subsidiaries r12 1.948.600 1.948.600 1.950.963

Loans given to subsidiaries r13 0 N/A 0

Participating interests r14 0 N/A N/A

Loans given to associates r15 0 N/A N/A

Other long term investments r16 1.882 1.882 N/A

Other loans r17 166.903 279.015 N/A

TOTAL CAPITAL ASSETS r18 2.117.385 2.229.497 2.244.962

NON CURRENT ASSETS - TOTAL r19 1.438.976.961 1.688.159.660 1.904.118.352

Raw materials and consumables r20 2.223.454 2.097.060 2.410.658

Work in progress r21 0 0 0

Finished goods r22 490.731.098 630.144.115 710.863.843

Down payments on inventory purchases r23 9.343.906 17.481.169 1.753.951






Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

TOTAL INVENTORIES r24 502.298.458 649.722.344 715.028.452

Trade receivables r25 26.962.880 44.925.094 30.712.268

Receivables from subsidiaries r26 0 0 0

Receivables from entities in respect ofparticipating interests

r27 0 0 0

Other receivables r28 6.590.949 7.054.005 7.903.456

Unpaid subscribed capital r29 0 0 0

TOTAL RECEIVABLES r30 34.822.883 51.979.099 38.615.724

Shares in subsidiaries r31 0 0 0

Other short-term investments r32 1.269.054 2.143.854 3.014.726

TOTAL SHORT-TERM INVESTMENTS r33 1.269.054 2.143.854 3.014.726

PETTY CASH AND BANK ACCOUNTS r34 92.377.269 103.114.538 512.637.318

CURRENT ASSETS - TOTAL r35 629.498.610 806.959.835 1.269.296.220

PREPAID EXPENSES r36 643.173 910.455 2.312.156

TOTAL ASSETS r37 2.069.118.744 2.496.029.950 3.175.726.728

Liabilities

Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

Debenture loans r38 0 0 0

Amounts payable to credit entities r39 121.807.188 38.052.023 200.875.426

Down payments received on orders in progress r40 3.550.527 6.417.323 7.440.464

Commercial debts - suppliers r41 305.218.645 414.733.960 468.215.076

Commercial bills due r42 24 27 15

Amounts payable to subsidiaries r43 0 5.354.102 5.254.102

Amounts payable to associates in respect ofparticipating interests

r44 0 N/A 0

Other debts, including fiscal debts and amountspayable to social security

r45 76.558.866 98.478.039 118.023.374

TOTAL SHORT-TERM DEBTS r46 507.135.250 563.035.474 799.808.457

NET CURRENT ASSETS/NET CURRENTDEBTS

r47 123.005.260 244.833.483 470.806.495

TOTAL ASSETS MINUS CURRENT DEBTS r48 1.561.982.221 1.932.993.143 2.375.782.075

Debenture loans r49 0 0 0

Amounts payable to credit entities r50 199.238.693 172.396.507 56.556.250

Down payments received on orders in progress r51 0 N/A 0

Commercial debts - suppliers r52 0 N/A 0

Commercial bills due r53 0 N/A 0

Amounts payable to subsidiaries r54 14.574.057 0 0

Amounts payable to associates in respect ofparticipating interests

r55 0 N/A 0

Other debts, including fiscal debts and amountspayable to social security

r56 15.506.248 12.130.808 7.749.617






Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

TOTAL LONG-TERM DEBTS r57 229.318.998 184.527.315 64.305.867

Provisions for pensions and other similarobligations

r58 0 N/A 0

Provisions for taxes r59 0 N/A 0

Other provisions r60 594.848 594.848 535.755

TOTAL DEBTS r61 736.454.248 747.562.789 864.114.324

TOTAL PROVISIONS r62 594.848 594.848 535.755

Grants for investments r63 5.333 8.988 92.207

deferred income r64 1.273 1.333 96.823

TOTAL DEFERRED INCOME r65 6.606 10.321 189.030

Subscribed and paid capital r66 400.000.000 600.000.000 600.000.000

Subscribed and unpaid capital r67 0 N/A 0

Assets and liabilities (public sector companies) r68 0 N/A 0

TOTAL SHARE CAPITAL r69 400.000.000 600.000.000 600.000.000

CAPITAL PREMIUM r70 0 N/A 0

REVALUATION RESERVES r71 101.556.344 90.661.509 85.900.516

Legal reserves r72 71.023.564 94.359.817 120.000.000

Statutory or contractual reserves r73 0 0 0

Reserves representing the revaluation reservesurplus

r74 1.174.693 12.069.528 559.040.396

Other reserves r75 478.012.876 553.614.723 N/A

TOTAL RESERVES r76 550.211.133 660.044.068 679.040.396

Own shares r77 0 0 0

Earnings associated to own capital instruments r78 0 0 0

Losses associated to own capital instruments r79 0 0 0

Reported profit or loss (e) Balance account C r80 8.597.500 8.597.500 413.986.936

Reported profit or loss (e) Balance account D r81 0 N/A 0

Profit or loss as per the financial year Balanceaccount C

r82 288.369.877 415.798.163 563.025.627

Profit or loss as per the financial year Balanceaccount D

r83 0 0 0

Profit distribution r84 16.671.812 27.239.248 31.065.856

SHAREHOLDERS’ EQUITY - TOTAL r85 1.332.063.042 1.747.861.992 2.310.887.619

Public patrimony r86 0 N/A 0

EQUITY - TOTAL r87 1.332.063.042 1.747.861.992 2.310.887.619

TOTAL LIABILITIES r88 2.069.118.744 2.496.029.950 3.175.726.728

Profit and Loss Account

Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

Net turnover r89 2.679.189.210 3.412.509.790 4.361.619.720

Own work sold r90 27.994.467 36.224.621 45.281.519






Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

Income from the sale of goods r91 2.652.416.607 3.377.088.877 4.317.347.581

Income from interests made by leasing r92 0 0 0

Income from grants related to incomecorresponding to net turnover

r93 0 0 0

——-Balance account C r94 5.573.533 6.359.601 6.633.753

Balance account D r95 0 0 0

Production made by the entity for its ownpurposes and capitalized

r96 0 N/A 0

Other operating income r97 5.547.949 6.323.111 7.524.007

OPERATING INCOME - TOTAL r98 2.690.310.692 3.425.192.502 4.376.270.944

Expenses on raw materials and consumables r99 21.493.299 23.414.943 26.433.911

Other expenses supplies and materials r100 7.227.098 9.415.865 8.123.546

Other outsourced expenses (electricity andwater)

r101 13.952.154 13.262.282 16.077.254

Expenses on goods r102 1.999.281.912 2.544.650.995 3.245.672.063

Expenses on personnel, of which: r103 227.473.148 280.876.188 342.854.698

Salaries and benefits r104 179.418.904 224.219.588 281.351.287

Insurance and social security costs r105 48.054.244 56.656.600 61.503.411

Adjustments of the value of tangible andintangible fixed assets

r106 62.889.990 70.213.896 94.513.475

Expenses r107 62.889.990 70.213.896 94.513.475

Income r108 0 0 0

Adjustments of the value of current assets r109 675.815 -425.635 -107.874

Expenses r110 1.344.492 474.159 419.133

Income r111 668.677 899.794 527.007

Other operating costs r112 95.896.817 116.713.644 138.487.650

Expenses on third party services r113 70.292.057 88.028.476 93.749.573

Expenses on other taxes, duties and similarcharges

r114 8.761.605 13.360.871 14.533.070

Expenses on compensations, donations andassigned assets

r115 16.843.155 15.324.297 28.826.958

Expenses with refinancing interest rates ofleasing entities

r116 0 0 0

Adjustments of provisions r117 88.684 0 -59.094






Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

Expenses r118 88.684 0 0

income r119 0 0 59.094

OPERATING EXPENSES - TOTAL r120 2.358.341.795 2.964.689.776 3.737.891.126

- Profit r121 331.968.897 460.502.726 638.379.818

- Loss r122 0 0 0

Income from participating interests, of which: r123 156.000 11.858.270 312.000

income obtained from subsidiaries r124 156.000 11.858.270 312.000

Income from other financial investments andloans which are part of intangible fixed assets(acc. 763), of which:

r125 0 N/A N/A

income obtained from subsidiaries r126 0 N/A N/A

Income from interest rates, of which: r127 4.406.830 2.776.272 3.291.377

income obtained from subsidiaries r128 0 N/A 0

Other financial income r129 34.535.495 24.128.479 34.240.112

FINANCIAL INCOME - TOTAL r130 39.098.325 38.763.021 37.843.489

Value adjustments in respect of capital assetsand investments as current assets

r131 101 -638 118

Expenses r132 101 N/A 118

income r133 0 638 0

Interest expenses r134 10.310.123 7.421.624 3.879.241

of which, expenses in respect of subsidiaries r135 0 459.973 0

Other financial expenses r136 26.742.818 12.906.538 20.130.421

FINANCIAL EXPENSES - TOTAL r137 37.053.042 20.327.524 24.009.780

- Financial profit r138 2.045.283 18.435.497 13.833.709

- Financial loss r139 0 0 0

- Current profit r140 334.014.180 478.938.223 N/A

- Current loss r141 0 0 N/A






Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

Extraordinary income r142 137.311 0 N/A

Extraordinary expenses r143 116.879 30.959 N/A

- Extraordinary profit r144 20.432 0 N/A

- Extraordinary loss r145 0 30.959 N/A

TOTAL INCOME r146 2.729.546.328 3.463.955.523 4.414.114.433

TOTAL EXPENSES r147 2.395.511.716 2.985.048.259 3.761.900.906

- Gross profit r148 334.034.612 478.907.264 652.213.527

- Gross loss r149 0 0 0

Income tax r150 45.664.735 63.109.101 89.187.900

Other taxes which are not recorded above r151 0 N/A 0

- Net profit r152 288.369.877 415.798.163 563.025.627

- Net loss r153 0 0 0

Net result r154 288.369.877 415.798.163 563.025.627

Additional information

Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

Outstanding payments-total, of which: - TOTAL r155 0 N/A 0

Accounts payable outstanding- total, of which: -TOTAL

r156 0 N/A 0

over 30 days - TOTAL r157 0 N/A 0

over 90 days - TOTAL r158 0 N/A 0

over 1 year - TOTAL r159 0 N/A 0

Outstanding payments to social security- total, ofwhich: - TOTAL

r160 0 N/A 0

contributions to social security payable byemployers, employees and other assimilatedentities - TOTAL

r161 0 N/A 0

contributions to the social health insurance fund -TOTAL

r162 0 N/A 0






Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

contribution to the additional state pensionsystem - TOTAL

r163 0 N/A 0

contributions to the unemployment fund - TOTAL r164 0 N/A 0

other social liabilities - TOTAL r165 0 N/A 0

Payments due to special funds and other funds -TOTAL

r166 0 N/A 0

Payments due to other creditors - TOTAL r167 0 N/A 0

Taxes and fees unpaid to the public budget on thedate due - TOTAL

r168 0 N/A 0

Taxes and fees unpaid to the local budget on thedate due - TOTAL

r169 0 N/A 0

Bank credits which were not reimbursed on thedate due - total, of which: - TOTAL

r170 0 0 0

back payments after 30 days - TOTAL r171 0 N/A 0

back payments after 90 days - TOTAL r172 0 N/A 0

back payments after 1 year - TOTAL r173 0 N/A 0

Past due interest - TOTAL r174 0 N/A 0

Average number of employees r175 6.489 7.179 7.656

Specific tangible fixed assets

Name Ref.31/12/2013

RONLONG

31/12/2014RONLONG

31/12/2015RONLONG

Lands r176 579.284.576 695.266.887 867.583.822

Buildings r177 743.385.883 876.352.260 990.131.613

Technical installations and machines r178 144.828.450 174.067.260 194.379.902

Amortization r179 N/A N/A N/A

Financial Ratios

Name Ref. 31/12/2013 31/12/2014 31/12/2015Debt Ratio R1 0,36 0,30 0,27

Quick ratio R2 0,25 0,28 0,69

Current ratio R3 1,24 1,43 1,59

Solvency ratio R4 0,17 0,11 0,03






Name Ref. 31/12/2013 31/12/2014 31/12/2015Return on sales ( ROS ) R5 0,11 0,12 0,13

Return on assets ( ROA ) R6 0,14 0,17 0,18

Return on equity ( ROE ) R7 0,22 0,24 0,24

Operating margin, in (%) R8 0,12 0,13 0,15

Days supply in inventory R9 68,43 69,49 59,84

Days sales in receivables R10 4,74 5,56 3,23

Days purchase in payables R11 69,09 60,22 66,93

SALES TO TOTAL ASSETS R12 1,29 1,37 1,37

OPERATING RESULT /TOTAL ASSETS R13 0,16 0,18 0,20

CASH RATIO R14 0,18 0,18 0,64

Equity as % of total assets R15 64,38 70,03 72,77

Fixed assets as % of total assets R16 69,54 67,63 59,96

Receivables as % of current assets R17 5,53 6,44 3,04

Net working capital R18 122363360,00 243924361,00 469487763,00

Exchange rate

31/12/2013USD 1,– = RON 3,33

EUR 1,– = RON 4,42

31/12/2014USD 1,– = RON 3,35

EUR 1,– = RON 4,44

31/12/2015USD 1,– = RON 4,01

EUR 1,– = RON 4,44

The credit rating index may vary farom 100 to 600 points as follows:0 new company or no officialor other information available100-150 very good151-220 good221-320 average321-399 strained400-500 weak501-600 insufficient






Financial analysis

Debt ratio

-0.5

0.0

0.5

1.0

1.5

2013 2014 2015

-0.5

0.0

0.5

1.0

1.5

0.4 0.3 0.3

r61r37

The debt ratio calculates the proportion the total assetsis financed from sources other than ones own, such asloans , suppliers or debts to the state

Quick ratio

0.0

0.5

1.0

1.5

2013 2014 20150.

00.

51.

01.

5

0.2 0.3

0.7

(r35 − r24)r46

Quick ratio measures the ability of a company to use itsnear cash or quick assets to extinguish or retire its currentliabilities immediately.

Current ratio ( CR )

0.5

1.0

1.5

2.0

2013 2014 2015

0.5

1.0

1.5

2.0

1.2

1.4

1.6

r35r46

Reflecta capacitatea unei companii de a face fata tuturorscadentelor sale, atat pe termen scurt cat si pe termenmediu si lung.

Solvency ratio

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

2013 2014 2015

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

0.2 0.1 0

r57r85

The solvency ratio measures the size of a company’safter-tax income, excluding non-cash depreciation ex-penses, as compared to the firm’s total debt obligations.It is the company’s ability to meet long-term obligations.






Return on sales (ROS)

0.0

0.5

1.0

2013 2014 2015

0.0

0.5

1.0

0.1 0.1 0.1

r152r89

Return on sales (ROS) is net profit as a percentage ofsales revenue. ROS is an indicator of profitability and isoften used to compare the profitability of companies andindustries of differing sizes.

Return on assets (ROA)

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

0.1 0.2 0.2

r152r37

ROA measures efficiency of the business in using its as-sets to generate net income

Return on equity (ROE)

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

0.2 0.2 0.2

r152r85

ROE is the ratio of net income of a business during a yearto its shareholders’ equity during that year. It is a measureof profitability of shareholders’ investments.

Operating margin, in %

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

0.1 0.1 0.2

r121r89

A financial measure of a company’s performance thatgives investors an idea of how long it takes a companyto turn its inventory (including goods that are work inprogress, if applicable) into sales.






Days supply in inventory

1020

3040

5060

7080

2013 2014 2015

1020

3040

5060

7080

68.4 69.5

59.8

(r24r89)

∗ 365

Approximate number of times the stock was run during thefinancial year.

Days sales in receivables

020

4060

80

2013 2014 2015

020

4060

80

4.7 5.6 3.2

(r30r89)

∗ 365

A financial indicator to measure how many days on aver-age it takes to turn your accounts receivable balance intocash. Therefore it measures the efficiency of your collec-tions policy and department.

Days purchase in payables

2040

6080

100

2013 2014 2015

2040

6080

100

69.160.2

66.9

(r46r89)

∗ 365

A financial indicator which shows how long a company istaking to pay its trade creditors. It is typically looked ateither quarterly or yearly (90 or 365 days).

Sales to Total Assets

0.0

0.5

1.0

1.5

2013 2014 2015

0.0

0.5

1.0

1.5

1.31.4 1.4

r89r37

Sales to total assets (S/TA) ratio shows how much salesare generated per one RON of assets, or how effectivelythe company uses its’ assets.






Operating result / Total assets

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

0.2 0.2 0.2

r121r37

Measures efficiency of the business in using its assets togenerate net income.

Cash ratio

-0.5

0.0

0.5

1.0

2013 2014 2015

-0.5

0.0

0.5

1.0

0.2 0.2

0.6

r34r46

The ratio of a company’s total cash and cash equivalentsto its current liabilities. The cash ratio is most commonlyused as a measure of company liquidity. It can thereforedetermine if, and how quickly, the company can repay itsshort-term debt.

Equity as % of total assets

2030

4050

6070

80

2013 2014 2015

2030

4050

6070

80

64.470

72.8

(r85r37)

∗ 100

The equity ratio is a financial ratio indicating the relativeproportion of equity used to finance a company’s assets.

Fixed assets as % of total assets

2030

4050

6070

80

2013 2014 2015

2030

4050

6070

80

69.5 67.6

60

(r19r37)

∗ 100

The percentage of fixed assets of total assets. Fixed as-sets are also known as ”tangible assets” or property, plant,and equipment, is a term used in accounting for assetsand property that cannot easily be converted into cash.






Receivables as % of current assets

2040

60

2013 2014 2015

2040

60

5.5 6.43

(r30r35)

∗ 100

The percentage of receivables of current assets. Receiv-ables may refer to the amount due from individuals andcompanies. Receivables are claims that are expected tobe collected in cash.

Net working capital

0e+0

02e

+08

4e+0

8

2013 2014 2015

0e+0

02e

+08

4e+0

8

122363360

243924361

469487763

r35 − r46

The formula for net working capital is used to determinethe availability of a company’s liquid assets by subtractingits current liabilities.


Documents

Creditreform reportCrefo No.: 8005 Company identiﬁcation · Creditreform Romania Date / Time 07/09/2016 / 12:27 Customer No. RO - 1247 Your No. 27261/23796 / Order No. 1465944 Last