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Sirma Solutions (Сирма Солюшънс)

Main Activities: Computer Systems Design and Related Services

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Company Information

Full name
Sirma Solutions AD (Сирма Солюшънс АД)

Headquarters
135, Tzarigradsko Shose Blvd.; Sofia; Sofia - city; 1784
Status: Non-Listed
Legal Form: Joint Stock Company
Operational Status: Operational
BG VAT Identification Code: BG040529004
BULSTAT: 040529004
Total Employees: 97

Tel: (+359 2) 976 83 10

Company Description

Software development company Sirma Solutions, part of local Sirma Group Holding, was established in 1992. The firm specialises in e-business and e-government software solutions and software development and system integration for financial institutions. It also offers IT consulting services and project management.

Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -15.58%, from BGN 8,346 thousands to BGN 7,046 thousands. Operating result increased from BGN 196 thousands to BGN 362 thousands which means 84.69% change. The results of the period increased 91.74% reaching BGN 209 thousands at the end of the period against BGN 109 thousands last year. Return on equity (Net income/Total equity) went from 0.31% to 0.59%, the Return On Asset (Net income / Total Asset) went from 0.28% to 0.54% and the Net Profit Margin (Net Income/Net Sales) went from 1.31% to 2.97% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 8.82% compared to 8.55% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.73 to 3.74 when compared to the previous year.

Key Executives

Anton Dimitrov Gavrailov Member of the Board of Directors
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Balance Sheet

Total Assets

38,621

38,320

Current Assets

XX,XXX

XX,XXX

Total Liabilities

X,XXX

X,XXX

Shareholders Equity

XX,XXX

XX,XXX

Current Liabilities

X,XXX

X,XXX

* All the accounts are in BGN.
Income Statement

Total Operating Revenue

X,XXX

X,XXX

Operational Profit (Loss)

XXX

XXX

Net Profit (Loss)

XXX

XXX

* All the accounts are in BGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

X.XX%

X.XX%

Annualised Return on Assets (ROA)

X.XX%

X.XX%

Return on Equity (ROE)

X.XX%

X.XX%

Annualised Return on Equity (ROE)

X.XX%

X.XX%

Return on Sales (ROS)

X.XX%

X.XX%

Return on Capital

X.XX%

X.XX%

Gross Profit Margin

XX.XX%

XX.XX%

Operating Profit Margin

X.XX%

X.XX%

Efficiency Ratios

Inventory Turnover

X.XXx

X.XXx

Current asset turnover

X.XXx

X.XXx

Fixed-asset turnover

X.XXx

X.XXx

Asset Turnover

X.XXx

X.XXx

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

XXX

XXX

EBITDA

XXX

X,XXX

Bookvalue (BV)

XX,XXX

XX,XXX

Net Cash

-X,XXX

-X,XXX

Liquidity Ratios

Current Ratio

XXX.XX%

XXX.XX%

Quick ratio

XXX.X%

XX.XX%

Doom's day ratio

X.XX%

X.XX%

Leverage Ratios

Leverage ratio

XXX.XX%

XXX.XX%

Debt to equity

X.XX%

X.XX%

Debt to total assets

X.X%

X.XX%

Long Term Debt to Capital

X.XX%

X.X%

Trend Ratios

Revenue Trend

XX.XX%

XX.XX%

Net Income Trend

XXX.XX%

XX.XX%

Operating Income Trend

XXX.XX%

XX.XX%