MIRA
INFORM REPORT
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Report Date : |
2nd March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
POLATOM SPOLKA Z O. O. |
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Registered Office : |
Otwock-Swierk , 05-400 Otwock |
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Country : |
Poland |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
24.08.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of basic pharmaceutical products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
ADDRESS DATA
POLATOM SPÓŁKA Z O.O
OTWOCK-SWIERK
05-400 OTWOCK
Tel. 022/7180754
Fax. 022/7797381
http:// www.polatom.pl
E-mail: polatom@polatom.pl
BASIC DATA
STATISTICAL CODE : 015866430
VAT : 532-18-75-621
All-Polish register number : KRS 0000221685
Legal form : LIMITED LIABILITY COMPANY
Status : ACTIVE
Start of activity : 2004/08/
Organ : COURT OF COMMERCE, WARSAW
Type : NATIONAL COURT REGISTER
Date of registration : 2004/08/24
NACE code 24.41
Manufacture of basic pharmaceutical products
Export
Region ESW
Central and Eastern Europe
Export
Region EUZ
Western Europe
NACE code 73.10.20
ORGANIZATIONAL-LEGAL DATA
Register capital:
Value : 5133500.00 PLN
Number of shares : 10267
SHAREHOLDER
OŚRODEK BADAWCZO-ROZWOJOWY IZOTOPÓW POLATOM
Identifier CEN0001767CK
ŚWIERK
05-400 OTWOCK-ŚWIERK
Tel. 022/7180754,7180757,7180700
Fax. 022/7180350,7180738
http:// www.polatom.pl
E-mail: polatom@polatom.pl
Value : 5133500.00 PLN
Quant: 10267
MANAG.
PRESIDENT OF THE BOARD
Representation : SOLE SIGNATURE
Surname : MARKIEWICZ
Names : ALINA STANISŁAWA
PESEL : 57061608108
Citizenship : Poland
Addr. :
Country code : Poland
SHARES IN OTHER COMPANIES
No data
EMPLOYMENT
Total (MIN MAX) Productive(MIN MAX) Unprod.(MIN MAX) DATE FROM DATE TO
50-50 - - 2005/01/01 2005/12/31
REAL ESTATE
No data
SALES
Sales
2005/01/01 - 2005/12/31 27287644.88
FINANCIAL DATA
Financial statement InfoData as on 2005/12/31
ASSETS
A.
Total non-current assets: 2435617.94
I.Intangible assets:
0.00
1.Costs of development activities: 0.00
2.Goodwill: 0.00
3.Other intangible fixed assets: 0.00
4.Prepayments for intangible assets: 0.00
II.Fixed assets: 2411101.94
1.tangible fixed assets:
2411101.94
a)land: 0.00
b)buildings: 0.00
c)machinery and equipment: 1981547.16
d)vehicles: 358055.74
e)other tangible fixed assets: 71499.04
2.Investments in progress: 0.00
3.Investments in progress paid on
accounts: 0.00
III.Long-term receivables:
0.00
1.From related companies: 0.00
2.From other companies:
0.00
IV.Long-term investments:
0.00
1.Real-estate property: 0.00
2.Intangible assets:
0.00
3.Long-term financial assets: 0.00
a)in related companies: 0.00
- shares: 0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other long-term financial
assets: 0.00
b)in other companies:
0.00
- shares: 0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other long-term financial
assets: 0.00
4.Other long-term investments: 0.00
V.Long-term interperiod settlements: 24516.00
1.Assets from deffered income tax: 24516.00
2.Others: 0.00
B.
Current assets: 9200041.36
I.Inventory 1370656.80
1.Materials: 1267048.40
2.Semi-products and work in
progress:
13379.33
3.Finished goods:
0.00
4.Products: 90229.07
5.Advance payment for delivery: 0.00
II.Accounts receivable:
6052655.20
1.From related companies: 126172.46
a)trade receivables:
126172.46
- within 12 months: 126172.46
- more than 12 months: 0.00
b)others: 0.00
2.From other companies: 5926482.74
a)trade receivables:
5075109.30
- within 12 months:
5075109.30
- more than 12 months: 0.00
b)tax and social receivables: 576842.61
c)other receivables:
274530.83
d)accounts receiv. result. from
disputable claims: 0.00
III.Short-term investments:
1761182.48
1.Short-term financial assets: 1761182.48
a)in related companies: 0.00
- shares: 0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other short-term financial
assets: 0.00
b)in other companies:
0.00
- shares: 0.00
- other commercial papers: 0.00
- provided loans:
0.00
- other short-term financial
assets: 0.00
c)cash and other cash assets: 1761182.48
- cash in hand and at bank: 1759183.30
- other cash means:
0.00
- other cash assets:
1999.18
2.Other short-term investments: 0.00
IV.Short-term interperiod settlements: 15546.88
Total
assets (A+B): 11635659.30
LIABILITIES
A.
Net worth: 7933229.86
I.Issued capital: 5133500.00
II.Outstanding but unpaid contribution for
share: 0.00
III.Entity's own capital (negative): 0.00
IV.Reserve capital:
0.00
V.Revaluation reserve:
0.00
VI.Other reserve capitals: 0.00
VII.Profit/loss brutto forward: 0.00
VIII.Net
financial result for the year: 2799729.86
IX.Write-offs from net profit: 0.00
B.Liabilities
& reserves: 3702429.44
I.Reserve for liabilities:
13908.00
1.Reserves for deffered income tax: 13908.00
2.Reserves for retirement and
similar:
0.00
- long-term: 0.00
- short-term:
0.00
3.Other reserves: 0.00
- long-term: 0.00
- short-term:
0.00
II.Long-term liabilities: 0.00
1.To related companies:
0.00
2.To other companies:
0.00
a)credits and loans:
0.00
b)commercial papers:
0.00
c)other financial liabilities: 0.00
d)other long-term liabilities: 0.00
III.Short-term
liabilities: 3623676.07
1.To related companies:
1363673.29
a)trade payable:
1359824.96
- within 12 months: 1359824.96
- more than 12 months: 0.00
b)other: 3848.33
2.To other companies:
2112202.82
a)bank loans: 760.37
b)commercial papers:
0.00
c)other financial liabilities: 0.00
d)trade payables: 1689159.63
- within 12 months:
1689159.63
- more than 12 months: 0.00
e)supplies paid on account: 0.00
f)notes payable:
0.00
g)tax & social securities: 220238.08
h)payroll payable:
0.00
i)other short-term liabilities: 202044.74
3.Special funds: 147799.96
IV.Accrued liabilities:
64845.37
1.Negative goodwill: 0.00
2.Other: 64845.37
- long-term: 0.00
- short-term: 64845.37
Total liabilties (A+B):
11635659.30
Profit and loss account (comp) InfoData
2005/12/31
2005/01/01
A.
Net sales of goods and products: 27257771.79
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including to related companies 0.00
I.Net sales of products: 21408211.52
II.Change of products : 18829.08
III.Costs of production:
35172.37
IV.Net sale of goods and materials: 5795558.82
B.
Operation expenses: 23651768.51
I.
Depreciation: 427583.74
II.
Costs of materials and energy: 4963191.88
III. Outside services: 6877033.82
IV.Taxes : 243997.65
-
including excise taxes: 0.00
V.
Salaries: 4983375.30
VI.
Social taxes & related: 1506773.19
VII. Other: 439754.19
VIII. Goods and materials sold: 4210058.74
C.
Profit (loss) on sale (A-B): 3606003.28
D.
Other operation incomes: 26552.38
I.Profit from sale of tangible assets: 5151.47
II.Grants & subsidies: 0.00
III.Other: 21400.91
E. Other
operating costs: 40684.31
I.Loss from sale of tangible assets: 0.00
II.Revaluation of non-financial assets: 0.00
III.Other: 40684.31
F.
Profit from operating activity (C+D-E): 3591871.35
G.
Financial income: 3320.71
I.
Dividends: 0.00
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from subisdiaries and affiliates: 0.00
II.Interest receivable: 3126.15
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from subisdiaries and affiliates: 0.00
III.Profits
from investment transfeered: 0.00
IV.Revaluation of investments: 0.00
V.Other: 194.56
H.
Financial costs: 106482.20
I.Interest payable including: 9417.95
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to related companies: 0.00
II.Loss from invetsments transffered: 0.00
III.Revaluation of investments: 0.00
IV.Other: 97064.25
I.
Profit (loss) from economic activity (F+G-H): 3488709.86
J.
Extraordinary items (J.I-J.II): 0.00
I.Extraordinary incomes: 0.00
II.Extraordinary losses: 0.00
K.
Gross profit for the year (I+/-J): 3488709.86
L.
Corporate income tax: 688980.00
M.
Other obligatory charges: 0.00
N.
Net profit for the year (K-L-M):
2799729.86
Cash flow statement InfoData
2005/12/31
2005/01/01
A. Operating cash flow
0.00
I. Net profit 2799729.86
II. Adjustments -3339273.54
1. Depreciation 427583.74
2. Profit on exchange rates difference .00
3. Interests/dividends
receivable/payable
.00
4. Loss on investment activities 5151.47
5. Change of reserves
13908.00
6. Change in invesntories -1370656.80
7. Change in accounts receivable -6052655.20
8. Change in short-term liabilities 3622915.70
9. Change in prepaid items 24782.49
10. Other items .00
III.Net operating cash flow (I +/- II) -539543.68
B.
Investment cash flow 0.00
I. Cash inflows from investment
activities
68430.26
1. Sale of intangible assets 68430.26
2. Sale of real-estate property and intang.
assets .00
3. Sale of financial assets
.00
a) in related companies
.00
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted .00
- interests .00
- other inflows
.00
b) in other companies
.00
- financial assets transferred .00
- dividends and share in profits .00
- repayments of long-term loans
granted .00
- interests .00
- other inflows
.00
4. Other investment inflows .00
II. Cash outflows from investment
activities 382946.07
1. Acquired intangible and tangible fixed
assets 382946.07
2. Investments in real-estate and
intangible assets .00
3. On financial assets
.00
a) assets in related companies .00
b) assets in other companies .00
- financial assets acquired .00
- long-term loans granted .00
4. Other investment outflows .00
III. Net cash from invetsment activities -314515.81
C.
Financial cash flow 0.00
I. Inflows from financial activity 2615241.97
1. Net inflows from issuing shares, capital
instr. 2614481.60
2. Bank credits and loans
760.37
3. Issue of debt securities .00
4. Other financial inflows
.00
II. Cash outflows from financial
activity
.00
1. Own shares acquired
.00
2. Dividends and other payables to
owner .00
3. Payments, other than dividends,to shareholders/owners 2614481.60
4. Bank credits and loan repaids .00
5. Debt securities and loans repaid .00
6. Resulted from financial leasing .00
7. Interests payable
.00
8. Interests .00
9. Other financial outflows .00
III. Net financial cash flow 2615241.97
D. Total net cash flow (A.III +/- B.III +/- C.III) 1761182.48
E. Change in cash. positions in balance 1761182.48
- including due to the foreign exchanges difference .00
F. Cash at the beginning of the year .00
G. Cash at the end of the year (F +/- D) 1761182.48
- including restricted cash 1733299.64
INDEX ANALYSE
year 2005
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CURRENT RATIO (CR)
Current Assets/Current liabilities 2.5388697
QUICK RATIO (QR)
Current Assets-Inventory/Current
liabilities 2.1606193
CASH RATIO (SQR)
Cash/Current liabilities 0.4860209
STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days 18.3540
CREDITORS DAYS/DAY'S SALES IN
RECEIVABLES
Current receivables/Turnover x 365 days 81.0491
DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days 48.523
TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100% 31.8%
LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO
I
Longterm liabilities/Equity capital 0.00000
LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO
II
Longterm liab./Equity cap.+Longterm liab. x
100% 0.0%
RETURN ON SALES (ROS)
Net profit/Turnover x 100% 10.3%
RETURN ON ASSETS
(ROA) |
Net profit/Total assets
x 100%
24.1%
RETURN ON EQUITY
(ROE)
Net profit/Equity
capital x 100%
35.3%
LONG TERM LIABILITIES IN
OUTSIDE CAPITAL
Longterm
liabilities/Outside capital x 100%
0.0000000
WORKING CAPITAL
Current assets-Current
liabilities
5576365.29
WORKING CAPITAL RATIO
Current assets-Current
liabilities/Turnover x 100%
20.5%
HISTORICAL DATA
Nominal capital validity period : 2005/03/24 - 2005/09/02
Value : 2614000.00 PLN
Number of shares : 5228
Nominal capital validity period : 2004/08/24 - 2005/03/24
Value : 50000.00 PLN
Number of shares : 100
Shares history validity period : 2005/03/24 - 2005/09/02
SHAREHOLDER:
OŚRODEK BADAWCZO-ROZWOJOWY IZOTOPÓW POLATOM
Identifier CEN0001767CK
ŚWIERK
05-400 OTWOCK-ŚWIERK
Tel. 022/7180754,7180757,7180700
Fax. 022/7180350,7180738
http:// www.polatom.pl
E-mail: polatom@polatom.pl
Value : 2614000.00 PLN
Quant: 5228
Shares history validity period: 2004/08/24 - 2005/03/24
SHAREHOLDER:
OŚRODEK BADAWCZO-ROZWOJOWY IZOTOPÓW POLATOM
Identifier CEN0001767CK
ŚWIERK
05-400 OTWOCK-ŚWIERK
Tel. 022/7180754,7180757,7180700
Fax. 022/7180350,7180738
http:// www.polatom.pl
E-mail: polatom@polatom.pl
Value : 50000.00 PLN
Quant: 100
Function history validity period: 2006/02/09 - 2006/08/16
FUNCTION ACTING :
SUPERVISORY BOARD
Surname : OWCZAREK
Names : JERZY
PESEL : 40010403954
Citizenship : Poland
Addr. :
Country code : Poland
Function history validity period: 2006/02/09 - 2006/08/16
FUNCTION ACTING :
SUPERVISORY BOARD
Surname : CHMIELEWSKI
Names : ANDRZEJ GRZEGORZ
PESEL : 43080701555
Citizenship : Poland
Addr. :
Country code : Poland
Function history validity period: 2006/02/09 - 2006/08/16
FUNCTION ACTING :
SUPERVISORY BOARD
Surname : PODSZYWAŁOW
Names : ANDRZEJ KAZIMIERZ
PESEL : 54100300014
Citizenship : Poland
Addr. :
Country code : Poland
Function history validity period: 2005/03/24 - 2006/09/15
FUNCTION ACTING :
BOARD
PRESIDENT OF THE BOARD
Surname : SERAFIN
Names : JOLANTA TERESA
PESEL : 51030304628
Citizenship : Poland
Addr. :
Country code : Poland
Function history validity period: 2004/08/24 - 2005/03/24
FUNCTION ACTING :
BOARD
PRESIDENT OF THE BOARD
Surname : CHOJNACKA
Names : BOŻENNA BARBARA
PESEL : 53070402386
Citizenship : Poland
Addr. :
Country code : Poland
PAYMENTS
No significant trade experience has been reported thus far
TRADE PARTNERS
PARTNER:
OŚRODEK BADAWCZO-ROZWOJOWY IZOTOPÓW POLATOM
Identifier CEN0001767CK
ŚWIERK
05-400 OTWOCK-ŚWIERK
Tel. 022/7180754,7180757,7180700
Fax. 022/7180350,7180738
http:// www.polatom.pl
E-mail: polatom@polatom.pl
PARTNER:
SANLAR IMEX SERVICES
Identifier CEN0003743CZ
INDIE
RAVI SUGLA
PVT.LTD B-126 ANTOHILL
OLD ACME ROAD, WADALA
MUMBAI-400-037
PARTNER:
OGURA KIMI , DAIICHI RADIOSTOPE LABS LTD
Identifier CEN0003744CZ
JAPAN
453-1 SHIMO-OKURA
SANBAU-GUN CHIBA 289-1592
PARTNER:
ROTOP PHARMAKA GMBH
Identifier CEN0003745CZ
GERMANY
BAUTZNER LANDSTRASSE 45
01454 RADEBERG
RELATED FIRMS
Note reported
PROCEDURES
Officially not available
ADDITIONAL INFORMATION
Any other information officially not available
BANK
Officially not available
CUSTOMERS/SUPPLIERS
Officially not available
CONTACT WITH THE COMPANY
When directly contacted representative of the company MS Alina Markiewicz declined to present any additional data
EXCHANGE RATES
USD EUR
29.12.2006 2,9105 3,8312
30.12.2005 3,2613 3,8598
31.12.2004 2,9904 4,0790
31.12.2003 3,7405 4,7170
31.12.2002 3,8388 4,0202
31.12.2001 3,9863 3,5219
CREDIT RATING
Maximum Credit: 350000.00 EUR
Average respite of credit: 30-60 days
All figure quoted in PLN
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)