MIRA INFORM
REPORT
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Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
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Name : |
GEDEON RICHTER ROMANIA SA |
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Formerly Known As : |
ARMEDICA SA |
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Registered Office : |
Cuza Voda 99-105,
540306 Tirgu Mures, jud. Mures |
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Country : |
Romania |
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Financials (as on) : |
2009 |
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Date of Incorporation : |
23.01.1991 |
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Com. Reg. No.: |
No. J26/15/1991 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of pharmaceutical preparations |
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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Maximum Credit Limit : |
EUR 900.000,00 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Romania |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company summary
GEDEON RICHTER ROMANIA SA
Principal Address:
Cuza Voda 99-105
540306 Tirgu Mures, jud. Mures
Romania
Telephone: +40-265-250472/251093, +40-265-251096/251097, +40-265-236362/306158,
+40-265-233567/237820, +40-265-264067/233584
Fax: +40-265-268875
Email: armedica@netsoft.ro;office@gedeon-richter.ro
Web: www.gedeon-richter.ro (under construction)
Office:
B-dul Theodor Pallady 47
032258 Bucuresti Sectorul 3
Romania
Telephone: +40-21-3450852, +40-21-3450862, +40-21-3450865, +40-21-3450866,
+40-21-3450870
Fax: +40-21-3450852
Branch production:
Principala 1B
547367 Corunca, jud. Mures
Romania
Telephone: +40-265-268769, +40-265-265587, +40-265-233933, +40-265-226832,
+40-265-268297
Fax: +40-265-237612
Former company names
ARMEDICA SA, valid since 23.01.1991 valid until 06.11.2003
ICON number: 9401110
National ID: J26/15/1991
VAT number: 1200929
Registration status: 23.01.1991 - registered company
Activity status: 23.01.1991 - active company
CREDIT INFORMATION SUMMARY
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Insolvency Information: |
According to available information sources the company is
not in a insolvency/preliminary/debt regulation proceeding. |
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Maximum Credit: |
EUR 900.000,00 |
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Payment Practices: |
Payments are made
mostly according to terms |
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Further Rating
Information: |
Researched
company is categorized as a big company. |
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Debt Collection: |
There is no record of
any debt collection action against this company exceeding a single case
volume of EUR 500. |
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COMPANY DETAILS
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Established: |
1991 |
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Registration: |
No. J26/15/1991 |
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Legal Form: |
joint stock company |
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History: |
On 05.09.2003 the company merged by absorbtion with GEDEON
RICHTER ROMANIA SRL(Reg. No. J26/773/1999) |
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Capital: |
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Shareholders: |
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Management: |
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Person functions in other companies: |
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Related Companies: |
shareholder of |
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KEY
DATA ON OPERATIONS
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Subject of Operation:
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NACE |
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Company
Development:: Satisfactory business development Key Data:
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Workforce: |
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Exports: |
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Branches: |
Office: |
FINANCIAL INFORMAtion
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Financials:
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Approximate Exchange Rates: |
2009: 4,2373 RON = 1
EUR |
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Financial Comments: |
Effectively from July
1st 2005, the Romanian currency was redenominated so that 10,000 old lei(ROL)
will be exchanged for 1 new leu (RON). |
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Investments: |
Gedeon Richter group
will give to the local subsidiary a loan of 23.7 million euro. The total
investments made by the main shareholder Richter Gedeon Vegyeszeti in
Romanian companies members of the group are more than 90 million euro. The
most recent loan will be refunded between 2009-2013. ("Ziarul
Financiar", 07.01.2008) |
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Bankers: |
ALPHA
BANK ROMANIA SA BUCURESTI SUCURSALA IANCULUI |
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Ratios
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ADDITIONAL
INFORMATION
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General Information: |
The
company was listed on Rasdaq (Romanian Secondary Securities Market) between
30.06.1997 - 22.01.2003 |
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Press Releases: |
Last year the company's sales on the Romanian market
declined by 14.1% to 137.3 million euros, due to poor performance of the
retail distribution division. On the international level (EU, Russia,
Ukraine, CIS and USA), Gedeon Richter sales last year grew by 4.8% to 998.2
million euros.(Ziarul Financiar , 03.04.2011) |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.68 |
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UK Pound |
1 |
Rs.73.05 |
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Euro |
1 |
Rs.64.29 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.