Credit report. > Basic Info. > Credit Opinion C 1% AA very good. > Economic Indicators > Payment Defaults and Tax Debts. > Conclusion 01/13

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1 Credit report Reg. code: Vesivärava tn Tallinn, Harjumaa Tel: , Fax: > Basic Info > Credit Opinion C 1% AAA 1.4% Status: Registered Registered in comm. registry: 25/08/2000 Registered fixed capital: EUR B 7.9% AA15.5% Representatives: Róbert Domak ( ) Shareholders: Róbert Domak Regular representation right: Each member of the board may represent the private limited company in all transactions. 19.2% BB Rating: AA very good Probability of insolvency: 1.3% Credit recommended Credit limit: A 23.6 % Sphere of business: Agents specialised in the sale of other particular products BBB 31.3 % > Find more on page 2 > Economic Indicators 2017 Net sales: incl. export sale: Profit/loss: Number of employees: Assets: Equity: EUR EUR EUR EUR EUR > Payment Defaults and Tax Debts Period: 13/06/ /06/ /17 08/17 09/17 10/17 11/17 12/17 01/18 02/18 03/18 04/18 05/18 06/18 Payment defaults (valid) Tax debts (monthly update) Find more on page 12 > Conclusion The company may be credited in the amount of the recommended credit limit. Company's rating is very good (AA) and there is low probability of insolvency. Economic situation: Earnings have decreased during the last years. The level of earnings is high. Profitability is fair. Amount of equity is relatively high. Registered capital has been on a minimum level during last periods. Financial situation: current ratio - very good, quick ratio - very good, cash ratio - good, collection period - average. Debt ratio is good, the company is relatively independent of debt capital. Return ratios: profit margin - low, return on assets - satisfactory. 01/13

2 > Credit Rating Creditinfo Eesti AS recommends a credit valuation to help you decide whether to sell on credit and how much. The credit valuation consists of the following components: credit limit, rating and insolvency probability. The credit limit is the recommended limit amount for selling on credit. The insolvency probability show the likeliness of the risk of the company falling into arrears: if it is less than 5%, the risk is low; the probability between 5 and 12% is considered moderate; and the risk is considered high at 12% or higher. The Creditinfo rating is the consolidated rating of the company's economic and financial standing of the company and its payment habits. The rating is expressed in letter combinations: AAA stands for excellent; AA, for very good; A, for good; BBB, for satisfactory; BB, for passable; B, for weak; C, for unsatisfactory; and U, O and N are not rated. The illustration to the rating shows the comparative distribution of n companies on the basis of rating classes (see p 1). Rating: Probability of insolvency: 1.3% Credit rating: AA very good Credit recommended Credit limit: > Commercial Register Records >> Commercial Register Records Business name: Osaühing RES PLASTIC Register code: Registered: 25/08/2000, Tartu Maakohtu Registriosakond Address: Vesivärava tn 13-5 City/county: Kesklinna linnaosa, Tallinn Business type: private limited company Capital: EUR Statutes: 10/08/2000 Financial year: >> Representatives Róbert Domak ID code (date of birth): Role Member of the Board since: 21/11/2011 no negative information on payments Regular representation right Each member of the board may represent the private limited company in all transactions. 02/13

3 >> Shareholders Róbert Domak ID code (date of birth): Shareholder (2 556 EUR) alates 21/11/2011 >> Beneficial owners Beneficial owner is a natural person who holds at least 10% of the shares via direct or indirect holding. In the case of an indirect holding (or in a situation where the beneficial owner is found via a chain of owners, which consists of legal entities owning each other), the rate of the holding is calculated via the share capitals of the commercial undertaking related to the company in which the given natural person has a holding (i.e. they are the owner indirectly via subsidiaries/affiliates). The last known legal entity is displayed if the chain between the given company and the beneficial owner includes a legal entity whose owners cannot be defined (e.g. a foreign commercial undertaking, state agency, nominee account, NGO, etc.). In this case, the rate of the holding is calculated on exactly the same grounds as in the case of a beneficial owner who is a natural person. Róbert Domak ID code (date of birth): Share: % >> Other Roland Kaurov ID code (date of birth): Auditor since 27/04/2011 Aleksander Laus ID code (date of birth): Founder since 25/08/2000 >> Previous business name(s) OSAüHING ALTIPEX (25/08/ /10/2000) 03/13

4 >> Persons Previously Connected to the Company >>> Previous representatives Robert Domak ID code (date of birth): period 23/03/ /11/2011 Robert Domak ID code (date of birth): period 15/08/ /03/2010 Robert Domak ID code (date of birth): Hungary period 25/10/ /08/2002 Jari Pekka Kukkonen ID code (date of birth): period 25/10/ /08/2002 Aleksander Laus ID code (date of birth): period 25/08/ /10/2000 >>> Previous other Robert Domak ID code (date of birth): Hungary Shareholder period 14/05/ /04/2003 Robert Domak ID code (date of birth): Shareholder period 30/04/ /11/2011 Jari Pekka Kukkonen ID code (date of birth): Shareholder period 14/05/ /04/ /13

5 >> Registered Capital Private Limited Company (Ltd) is a company with a share capital divided into shares. The company is liable for the performance of its obligations with all its assets. Shareholders are not personally liable for the obligations. The minimum share capital is EUR Capital Currency Beginning date Ending date EUR EEK 25/08/ /11/2011 > Economic Information >> Sphere of Business Firm's sphere of business is determined on the basis of EMTAK EMTAK (The n Classification of Economic Activities) is the national version of the international harmonised NACE classification Agents specialised in the sale of other particular products >> VAT liability VAT payer since: 01/09/2000 VAT number: EE >> Taxes Paid The data originates from the n Tax and Customs Board. Taxes paid is displayed as 0 when a) the person hasn't paid taxes, b) VAT refund exceeds the paid sum, c) the person belongs to a VAT group, where the representative of the group will submit a VAT return and pay the tax for the VAT group members. An exporter s paid tax sum may be smaller than the declared sum in the tax return. In 1Q 2018, the company paid the Tax and Customs Board euros as state taxes and euros as payroll taxes Period Average monthly taxes (EUR) Average monthly payroll taxes (EUR) 1Q Q Q Q Q Q Q Q Q Q Q Q /13

6 Period Average monthly taxes (EUR) Average monthly payroll taxes (EUR) 1Q Q Q >> Number of Employees >>> Number of employees reflected in annual reports Average number of employees during fiscal year approximated to full-time employment. Number of employees Fiscal year >>> Employment Register The Employment Register is designed for accumulation of employment-related information. It is kept by the Tax and Customs Board. The register has information on employments of all natural persons, with regard to which taxation liability arises in (regardless of the form or the term of respective contracts). If a person performs work in a foreign country and no the tax liability arises in, such person should not be registered in the Employment Register. Unsalaried employees of companies and self-employed entrepreneurs should also be registered in the Employment Register by way of exception. Number of employees As of (date) >> Export (euro) Riik 2017 Revenue percentage (%) 2016 Revenue percentage (%) 2015 Revenue percentage (%) China Germany Hong Kong Poland Other States in European Union Hungary Netherlands France Other States outside of European Union /13

7 Riik 2017 Revenue percentage (%) 2016 Revenue percentage (%) 2015 Revenue percentage (%) Singapore Lithuania > Financial Information >> Financial Statements annual report submitted (auditor: Roland Kaurov; AUDIITORBÜROO RKT OÜ) annual report submitted (auditor: Roland Kaurov; AUDIITORBÜROO RKT OÜ) annual report submitted (auditor: Roland Kaurov; AUDIITORBÜROO RKT OÜ) 07/13

8 >> Balance sheet (EUR) ASSETS (Percentage, %) Trend, % (Percentage, %) Trend, % (Percentage, %) CURRENT ASSETS Cash and investments (24.5) (13.0) (17.1) Receivables and prepayments, including: (66.3) (73.0) (31.3) Trade receivables (37.8) (56.4) (24.7) Tax prepayments (1.5) (4.1) (2.6) Other receivables and prepayments (27.0) (12.5) (4.0) Inventories Other current assets CURRENT ASSETS TOTAL (90.8) (85.9) (48.4) N-CURRENT ASSETS Financial investments 0 (0.0) (5.2) - - Property investments (0.0) (22.0) Tangible assets, including: (4.8) (4.7) (26.7) Depreciation(-) (8.2) (7.1) (10.7) Other non-current assets (4.3) (4.3) (2.9) N-CURRENT ASSETS TOTAL (9.2) (14.1) (51.6) ASSETS TOTAL (100.0) (100.0) (100.0) LIABILITIES&EQUITY CURRENT LIABILITIES Loan liabilities (8.0) (6.0) (6.0) Payables and prepayments, including: (36.7) (42.2) (21.5) Trade payables (19.4) (28.0) (15.5) Employee payables (6.2) (4.3) (2.6) Tax payables (2.3) (3.1) (1.2) Other payables & prepayments (8.7) (6.7) (2.2) Other provisions & grants CURRENT LIABILITIES TOTAL (44.7) (48.1) (27.5) N-CURRENT LIABILITIES Loan liabilities (0.0) (2.4) Payables & prepayments Other provisions & grants N-CURRENT LIABILITIES TOTAL (0.0) (2.4) LIABILITIES TOTAL (44.7) (48.1) (29.9) EQUITY Registered capital 2556 (0.4) (0.3) (0.2) Unregistered capital Reserves 256 (0.0) (0.0) (0.0) Other capital Retained earnings/loss (50.7) (43.0) (67.9) Annual profit/loss (4.2) (8.6) (2.0) EQUITY TOTAL (55.3) (51.9) (70.1) LIABILITIES & EQUITY TOTAL (100.0) (100.0) (100.0) 08/13

9 >> Income statement (EUR) /01/17-31/12/17 Trend, % 01/01/16-31/12/16 Trend, % 01/01/15-31/12/15 NET SALES Scheme 1 Other income Other adjustments Raw materials and consumables used Other operating expenses Employee expenses Depreciation Other expenses Scheme 2 Cost of sales GROSS PROFIT/LOSS Distribution costs Administrative expenses Other income Other expenses Profit/loss from biological assets Scheme 1+ Scheme 2 TOTAL PROFIT/LOSS Financial income/expenses TOTAL PROFIT/LOSS BEFORE TAXES Income tax ANNUAL PROFIT/LOSS >> Revenue Distribution by Activity Activity s net sales derive from the latest annual account. Sphere of business (EMTAK) Net Sales 2017 Proportion Agents specialised in the sale of other particular products (46181) EUR 100 % 09/13

10 >> Cash flow statement (EUR) CASH FLOWS FROM OPERATING Indirect Method /01/17-31/12/17 01/01/16-31/12/16 01/01/15-31/12/15 Operating profit (loss) Depr. and impairment of fixed assets Profit (loss) sale from fixed assets Changes in receivables and prepayment Changes in inventories Changes in payables and prepayment Other operating cash flows Direct Method Receipts from sales Other income from operating activities Payments to suppliers Payments to employees CASH FLOWS FROM OPERATING, TOTAL CASH FLOWS FROM INVESTING Purchase and sale of assets Purchase and sale of finance investments Other cash and inflows from investments CASH FLOWS FROM INVESTING, TOTAL CASH FLOWS FROM FINANCING Loans received Repayments of loans received Proceeds from overdraft Repayments of finance lease Interest paid Dividends paid Income tax paid Other cash and flows from finance activities CASH FLOWS FROM FINANCING, TOTAL CASH FLOWS, TOTAL Cash and equiv. beginning of period Change Effect on exchange rate changes Cash and cash equiv. at end of period /13

11 >> Ratios RATIO 01/01/ /12/ /01/ /12/ /01/ /12/2015 Liquidity and solvency Working capital (th EUR) Current ratio (*) Quick ratio (*) Cash ratio (*) Collection period (days) Current ratio (*) Quick ratio (*) Capital circulation Assets turnover (*) Capital strucutre Debt ratio (*) Debt ratio (*) Efficiency Operating margin (%) Profit margin (%) ROA (%) ROA (%) Cash flow (th EUR) /13

12 > Payment Habits >> Tax Debts Tax arrears to n Tax and Customs Board are updated monthly. Arrears below EUR 640 are not presented. Staggered schedule and challenged debts are pointed out separately no tax debts recorded Month 2018 (EUR) Scheduled Protested 2017 (EUR) Scheduled Protested 2016 (EUR) Scheduled Protested 2015 (EUR) Scheduled Protested January February March April May June July August September October November December /13

13 Powered by TCPDF ( >> Credit Register Information Payment default is the borrower's failure to comply with its contractual financial obligation for more than 45 days from the day following the due date and when the sum of an arrear together with interests and penalties is at least EUR 30. Information on payment defaults derives from the members or other contractual parties of the Credit Register. The given data includes the default's appearing and termination dates or the status, the sum's magnitude and origin. Ranges are distributed as follows: EUR , EUR , EUR , EUR , EUR , EUR , EUR and more. Payment default displayed in the register is inputted either by the creditor or by a person acting on creditor's behalf. Valid Payment Defaults No information on payment defaults. Settled Payment Defaults No information on payment defaults. Information given in this report has been gathered from public sources. Creditinfo Eesti AS does not guarantee the reliability or the accuracy of the sources or the sufficiency and adequacy of the report. Creditinfo Eesti AS is not liable for any direct or indirect loss or damage caused by use of this report 13/13