MIRA INFORM REPORT

 

 

Report Date :

17.09.2012

 

IDENTIFICATION DETAILS

 

Name :

BRITISH-AMERICAN TOBACCO POLSKA SPÓLKA AKCYJNA

 

 

Registered Office :

Tytoniowa 16, Zip Code: 16-300, Augustow

 

 

Country :

Poland

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

1951

 

 

Com. Reg. No.:

790137307

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture of tobacco products

 

 

No. of Employees :

800

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

Slow but correct

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Poland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

POLAND - ECONOMIC OVERVIEW

 

Poland has pursued a policy of economic liberalization since 1990 and today stands out as a success story among transition economies. It is the only country in the European Union to avoid a recession through the 2008-09 economic downturn, although GDP per capita is still much below the EU average. Since 2004, EU membership and access to EU structural funds have provided a major boost to the economy. Unemployment has been 2% more than the EU average. Inflation reached a low of about 2.6% in 2010 due to the global economic slowdown, but climbed to 4.3% in 2011. Poland's economic performance could improve over the longer term if the country addresses some of the remaining deficiencies in its road and rail infrastructure and its business environment. An inefficient commercial court system, a rigid labor code, bureaucratic red tape, burdensome tax system, and persistent low-level corruption keep the private sector from performing up to its full potential. Weak revenues, together with rising demands to fund healthcare, education, and the state pension system caused the public sector budget deficit to rise to 7.8% of GDP in 2010, but the PO/PSL coalition government, which came to power in November 2007, took measures to shore up public finances - including increasing contributions to the public pension scheme at the expense of private pension funds - and reduced the deficit to 2.9% of GDP in 2011. For 2012 the coalition government has proposed further deficit-reducing reforms and to fulfill its promise to enact business-friendly reforms.

Source : CIA

Company name and address

 

NAME:

BRITISH-AMERICAN TOBACCO POLSKA SPOLKA AKCYJNA

 

 

STREET:

TYTONIOWA 16          ZIP CODE: 16-300

TOWN:

AUGUSTOW

 

 

CONTACT DETAILS

 

TELEPHONE:    87/6443200

MOBILE:           801702903

FAX:                 87/6443303

WEBSITE:        www.bat.com.pl

 

 

OTHER INFORMATION

 

REGON/Statistical No. 790137307

V.A.T.:                                      846-00-02-329

FOUNDED:                                1951/ /

Legal form                               JOINT STOCK COMPANY

NACE codes:                            51.79.99            Export - Lithuania

51.79.99            Export - Russia

16.00                Manufacture of tobacco products

HSCN codes:                            24022000

 

 

EMPLOYMENT

 

(for last available 3 years)

 

FROM DATE           TO DATE                 TOTAL (MIN-MAX)                                PRODUCTIVE (MINMAX)       UNPRODUCTIVE (MINMAX)

2010/01/01              2010/12/31              800 - 1000                               -                                               -

2008/01/01              2008/12/31              985 - 985                                 -                                               -

2003/01/01              2003/12/31              941 - 941                                 -                                               -

 

 

TURNOVER and NET SALES

 

(for last available 3 years)

 

FROM DATE           TO DATE                 TURNOVER             NET SALES             EXPORT                  IMPORT

2010/01/01              2010/12/31              1.019.104.000,00    1.004.983.000,00

2009/01/01              2009/12/31              3.810.252.000,00    3.669.642.000,00

2008/01/01              2008/12/31              2.655.410.000,00    2.636.903.000,00

 

 

TOTAL ASSETS

 

(for last available 3 years)

 

YEAR 1                                    YEAR 2                                  YEAR 3

DATE:                                      31/12/2010                              31/12/2009                              31/12/2008

TOTAL ASSETS                     791.922.000,00                       884.260.000,00                       1.640.808.000,00

 

 

NET PROFIT/LOSS

 

(for last available 3 years)

 

YEAR 1                         YEAR 2                         YEAR 3

DATE:                                      31/12/2010                    31/12/2009                    31/12/2008

Net profit (loss) for the year:    15.971.000,00                118.671.000,00              -49.813.000,00

 

 

NAME AND ADDRESS DATA

 

NAME:

BRITISH-AMERICAN TOBACCO POLSKA SPOLKA AKCYJNA

SHORT NAME:

BAT POLSKA S.A., AUGUSTOw

STREET:

TYTONIOWA 16

ZIP CODE:

16-300

TOWN:

augustOw

TELEPHONE:

87/6443200

MOBILE:

801702903

FAX:

87/6443303

WEBSITE:

www.bat.com.pl

 

 

Basic data

 

REGON/Statistical No.

790137307

V.A.T.:

846-00-02-329

Nationwide Court Register KRS 0000024358

Legal form

JOINT STOCK COMPANY

Status

ACTIVE

Start of Activity

1951/ /

Registering agency

COURT OF COMMERCE

Register type

NATIONAL COURT REGISTER

Date of registration

02/07/2001

Date of the statute            / /

NACE codes: HSCN codes:

51.79.99                     Export - Lithuania

51.79.99                     Export - Russia

16.00                        Manufacture of tobacco products

24022000

 

 

SUPERVISORY BOARD

 

NAME:

MAREK

SURNAME:

KLOCZKO

Date of Birth:

19511203

PESEL:

51120304156

CITIZENSHIP:

Poland

NATIONALITY:

POLSKA

COUNTRY:

Poland

STREET:

PORANNEJ BRYZY17

ZIP CODE:

03-284

TOWN:

WARSZAWA

OTHER DIRECTORSHIPS:

SUPERVISORY BOARD: POLSKO-AMERYKANSKA FUNDACJA DORADZTWA DLA MALYCH I SREDNICH PRZEDSIEB

VALUE:

40.058.780,00 PLN

NUMBER OF SHARES:

4005878

 

 

Shareholders

 

FOREIGN COMPANY NAME:

BRITISH AMERICAN TOBACCO

ADDRESS:

Globe House 4 Temple Place London

WC2R 2PG

COUNTRY:

United Kingdom

WEBSITE:

www.bat.com

VALUE:

40.058.780,00 PLN

NUMBER OF SHARES:

4005878

 

Supervisory board

 

NAME:

MAREK

SURNAME:

KLOCZKO

Date of Birth:

19511203

PESEL:

51120304156

CITIZENSHIP:

Poland

NATIONALITY:

POLSKA

COUNTRY:

Poland

STREET:

PORANNEJ BRYZY17

ZIP CODE:

03-284

TOWN:

WARSZAWA

 

OTHER DIRECTORSHIPS:

SUPERVISORY BOARD: POLSKO-AMERYKANSKA FUNDACJA DORADZTWA DLA MALYCH I SREDNICH PRZEDSIEB

 

SUPERVISORY BOARD: FUNDACJA PROMOCJA POLSKA

SHAREHOLDER: ALARMCOM-BIELSKI SPOLKA Z O.O.

SECRETARY GENERAL: KRAJOWA IZBA GOSPODARCZA

SHAREHOLDER: K & K CONSULTANTS S.C.,KLOCZKO MAREK,KOZLOWSKI LUDWIK

BOARD: K & K CONSULTANTS S.C.,KLOCZKO MAREK,KOZLOWSKI LUDWIK

SUPERVISORY BOARD: FIRST INTERNATIONAL TRADERS FINANCIAL SERVICES S.A.

SUPERVISORY BOARD: FIRST INTERNATIONAL TRADERS DOM MAKLERSKI S.A.

MEMBER,SUPERVISORY BOARD: UNITRA TOWARZYSTWO HANDLOWO-PRZEMYSLOWE SA

- 2004/07/23

MEMBER,SUPERVISORY BOARD: UNITRA TOWARZYSTWO HANDLOWO-PRZEMYSLOWE SA

 

NAME:

MARC

SURNAME:

VAN HERREWEGHE

CITIZENSHIP:

Netherlands

COUNTRY:

Netherlands

 

NAME:

PETER

SECOND NAME:

SCHNETTLER

SURNAME:

KRISTENSEN

CITIZENSHIP:

Denmark

COUNTRY:

Denmark

 

NAME:

ANDREAS

SURNAME:

LABS

CITIZENSHIP:

Germany

COUNTRY:

Germany

 

NAME:

KEITH

SECOND NAME:

ROGER

SURNAME:

MITCHELL

CITIZENSHIP:

United Kingdom

COUNTRY:

United Kingdom

 

 

 

MANAGERS

                                            

TYPE:

MEMBER OF THE BOARD

REPRESENTATION:

WITH ONE ANOTHER/JOINTLY

NAME:

EDYTA

SECOND NAME:

SABINA

SURNAME:

CHALOT-KOWALSKA

PESEL:

69082901465

CITIZENSHIP:

Poland

COUNTRY:

Poland

 

TYPE:

PRESIDENT OF THE BOARD

REPRESENTATION:

WITH ONE ANOTHER/JOINTLY

NAME:

HENDRIK

SECOND NAME:

BERNARD

SURNAME:

DE VRIES

PESEL:

69122414791

CITIZENSHIP:

Netherlands

COUNTRY:

Netherlands

 

 

 

 

PROXY/PLENIPOTENTIARY

 

NAME:

KRZYSZTOF

SURNAME:

KOTFIS

PESEL:

76021805991

CITIZENSHIP:

Poland

 

COUNTRY:

Poland

 

 

 

 

 

 

 

 

NAME:

ROBERT

 

 

 

SECOND NAME:

ALBERT

 

 

 

SURNAME:

KOZLOWSKI

 

 

 

PESEL:

66080908999

 

 

 

CITIZENSHIP:

Poland

 

 

 

COUNTRY:

Poland

 

 

 

 

 

 

 

 

NAME:

MALGORZATA

 

 

 

SECOND NAME:

MARIA

 

 

 

SURNAME:

NAROLEWSKA

 

 

 

PESEL:

64032602243

 

 

 

CITIZENSHIP:

Poland

 

 

 

COUNTRY:

Poland

 

 

 

 

 

 

 

 

NAME:

MALGORZATA

 

 

 

SECOND NAME:

ANETA

 

 

 

SURNAME:

LEWANDOWSKA-ZYWNA

 

 

 

PESEL:

78053007244

 

 

 

CITIZENSHIP:

Poland

 

 

 

COUNTRY:

Poland

 

 

 

 

 

 

SHARES IN OTHER COMPANIES

 

COMPANY NAME:

"AGROS TRADING " SPOLKA Z O.O.

 

 

V.A.T.:

526-030-62-18

 

 

 

STREET:

chalubiNskiego 8

 

 

 

ZIP CODE:

00-613

 

 

 

TOWN:

WARSZAWA

 

 

 

PO BOX:

P-41

 

 

 

VALUE:

500,00 PLN

 

 

 

NUMBER OF SHARES:

5

 

 

 

 

COMPANY NAME:

BRITISH AMERICAN TOBACCO POLSKA TRADING SPOLKA Z O.O.

 

V.A.T.:

522-291-72-10

 

 

 

STREET:

ILZECKA 26

 

 

 

ZIP CODE:

02-134

 

 

 

TOWN:

WARSZAWA

 

 

 

TELEPHONE::

22/5754300

 

 

 

FAX:

22/5754309

 

 

 

WEBSITE:

www.bat.com.pl

 

 

 

VALUE:

141.000.000,00 PLN

 

 

 

NUMBER OF SHARES:

28200

 

 

 

 

COMPANY NAME:

REKOPOL ORGANIZACJA ODZYSKU SA

 

 

V.A.T.:

525-21-92-088

 

 

 

STREET:

DOMANIEWSKA 47

 

 

 

ZIP CODE:

02-672

 

 

 

TOWN:

WARSZAWA

 

 

 

TELEPHONE::

022/5454280

 

 

 

FAX:

022/5454284

 

 

 

WEBSITE:

www.rekopol.pl

 

 

 

EMAIL:

rekopol@rekopol.pl

 

 

 

 

 

EMPLOYMENT

 

 

TOTAL (MIN-MAX)

PRODUCTIVE (MIN-

UNPRODUCTIVE (MIN-

FROM DATE

TO DATE

 

 

MAX)

MAX)

 

 

 

 

800 - 1000

-

-

2010/01/01

2010/12/31

 

985 - 985

-

-

2008/01/01

2008/12/31

941 - 941

-

-

2003/01/01

2003/12/31

947 - 947

-

-

2002/01/01

2002/12/31

573 - 573

-

-

2001/01/01

2001/12/31

992 - 992

-

-

1999/01/01

1999/12/31

1050 - 1050

-

-

1998/01/01

1998/12/31

1055 - 1055

-

-

1997/01/01

1997/12/31

2028 - 2028

-

-

1996/01/01

1996/12/31

 

                                                                                                                                      

OWNED

 

KIND OF REAL ESTATE         AREA FROM           AREA TO                VALUE:   CURRENCY             MORTGAGEE REGISTER NUMBER

BUILDINGS AND

CONSTRUCTIONS                                                                                   105.490.000,00 PLN

           

           

Sales

 

FROM DATE                 TO DATE

TURNOVER

NET SALES

EXPORT

IMPORT

2010/01/01 2010/12/31

1.019.104.000,00

1.004.983.000,00

 

 

2009/01/01 2009/12/31

3.810.252.000,00

3.669.642.000,00

 

 

2008/01/01 2008/12/31

2.655.410.000,00

2.636.903.000,00

 

 

2007/01/01 2007/12/31

2.503.967.000,00

2.469.927.000,00

 

 

2006/01/01 2006/12/31

2.122.413.000,00

2.097.840.000,00

 

 

2005/01/01 2005/12/31

2.321.447.000,00

2.278.312.000,00

 

 

2004/01/01 2004/12/31

1.997.156.000,00

1.965.922.000,00

 

 

2003/01/01 2003/12/31

1.825.164.000,00

1.825.444.000,00

 

 

2002/01/01 2002/12/31

1.872.423.000,00

1.836.835.000,00

 

 

2001/01/01 2001/12/31

1.695.665.900,00

1.608.465.000,00

 

 

2000/01/01 2000/12/31

1.864.964.200,00

 

 

 

1999/01/01 1999/12/31

1.126.259.300,00

 

 

 

1998/01/01 1998/12/31

1.133.073.100,00

 

 

 

1997/01/01 1997/12/31

1.006.319.300,00

 

 

 

1996/01/01 1996/12/31

740.960.800,00

 

 

 

1995/01/01 1995/12/31

521.200.600,00

 

 

 

 

 

FINANCIAL STATEMENT

 

 

 

YEAR 1

YEAR 2

YEAR 3

 

DATE:

31/12/2010

31/12/2009

31/12/2008

ASSETS                                                                                      |                               | |

A. Total non-current assets

 

766.485.000,00

690.849.000,00

535.568.000,00

I.Intangible assets:

 

6.316.000,00

6.271.000,00

23.006.000,00

1.Costs of development activities:

 

0,00

6.271.000,00

0,00

2.Goodwill:

 

0,00

0,00

0,00

3.0ther intangible fixed assets:

 

6.316.000,00

0,00

23.006.000,00

4.Prepayments for intangible assets:

 

0,00

0,00

0,00

II.Fixed assets:

 

574.813.000,00

496.939.000,00

472.886.000,00

l.tangible fixed assets:

 

464.159.000,00

434.613.000,00

359.957.000,00

a)land:

 

0,00

0,00

0,00

b)buildings:

 

105.490.000,00

95.347.000,00

92.292.000,00

c)machinery and equipment:

 

348.587.000,00

326.693.000,00

251.873.000,00

d)vehicles:

 

56.000,00

86.000,00

170.000,00

e)other tangible fixed assets:

 

10.026.000,00

12.487.000,00

15.622.000,00

2.Investments in progress:

 

72.613.000,00

57.853.000,00

104.889.000,00

3.Investments in progress paid on accounts:

 

38.041.000,00

4.473.000,00

8.040.000,00

III.Long-term receivables:

 

0,00

37.000,00

120.000,00

I.From related companies:

 

0,00

0,00

0,00

2.From other companies:

 

0,00

37.000,00

120.000,00

IV.Long-term investments:

 

156.097.000,00

156.097.000,00

82.000,00

I.Real-estate property:

 

0,00

0,00

0,00

2.Intangible assets:

 

0,00

0,00

0,00

3.Long-term financial assets:

 

156.097.000,00

156.097.000,00

82.000,00

a) in related companies:

 

156.015.000,00

156.015.000,00

0,00

- shares:

 

156.015.000,00

156.015.000,00

0,00

- other commercial papers:

 

0,00

0,00

0,00

- provided loans:

 

0,00

0,00

0,00

 

- other long-term financial assets:

0,00

0,00

0,00

b) in other companies:

82.000,00

82.000,00

82.000,00

- shares:

82.000,00

82.000,00

82.000,00

- other commercial papers:

0,00

0,00

0,00

- provided loans:

0,00

0,00

0,00

- other long-term financial assets:

0,00

0,00

0,00

4.0ther long-term investments:

0,00

0,00

0,00

V.Long-term interperiod settlements:

29.259.000,00

31.505.000,00

39.474.000,00

1.Assets from deffered income tax:

29.259.000,00

31.505.000,00

39.474.000,00

2.0thers:

0,00

0,00

0,00

B. Current assets:

25.437.000,00

193.411.000,00

1.105.240.000,00

I. Inventory

6.922.000,00

23.401.000,00

962.624.000,00

1.Materials:

6.922.000,00

9.039.000,00

9.342.000,00

2.Semi-products and work in progress:

0,00

0,00

0,00

3.Finished goods:

0,00

13.905.000,00

939.822.000,00

4.Products:

0,00

457.000,00

13.460.000,00

5.Advance payment for delivery:

0,00

0,00

0,00

II.Accounts receivable:

16.211.000,00

167.399.000,00

58.443.000,00

1.From related companies:

6.144.000,00

133.914.000,00

0,00

a)trade receivables:

6.144.000,00

133.914.000,00

0,00

- within 12 months:

6.144.000,00

133.914.000,00

0,00

- more than 12 months:

0,00

0,00

0,00

b)others:

0,00

0,00

0,00

2.From other companies:

10.067.000,00

33.485.000,00

58.443.000,00

a)trade receivables:

398.000,00

31.825.000,00

55.946.000,00

- within 12 months:

398.000,00

31.825.000,00

55.946.000,00

- more than 12 months:

0,00

0,00

0,00

b)tax and social receivables:

8.235.000,00

0,00

0,00

c)other receivables:

1.434.000,00

1.660.000,00

2.497.000,00

d)accounts receiv. result. from disputable claims:

0,00

0,00

0,00

Ill.Short-term investments:

1.826.000,00

2.611.000,00

84.167.000,00

1.Short-term financial assets:

1.826.000,00

2.611.000,00

84.167.000,00

a) in related companies:

0,00

0,00

0,00

- shares:

0,00

0,00

0,00

- other commercial papers:

0,00

0,00

0,00

- provided loans:

0,00

0,00

0,00

- other short-term financial assets:

0,00

0,00

0,00

b) in other companies:

0,00

0,00

0,00

- shares:

0,00

0,00

0,00

- other commercial papers:

0,00

0,00

0,00

- provided loans:

0,00

0,00

0,00

- other short-term financial assets:

0,00

0,00

0,00

c)cash and other cash assets:

1.826.000,00

2.611.000,00

84.167.000,00

- cash in hand and at bank:

1.826.000,00

2.611.000,00

84.167.000,00

- other cash means:

0,00

0,00

0,00

- other cash assets:

0,00

0,00

0,00

2.0ther short-term investments:

0,00

0,00

0,00

IV.Short-term interperiod settlements:

478.000,00

0,00

6.000,00

Total assets (A+B):

791.922.000,00

884.260.000,00

1.640.808.000,00

LIABILITIES |

A. Net worth:

208.972.000,00

193.001.000,00

74.330.000,00

I.Issued capital:

17.131.000,00

17.131.000,00

17.131.000,00

Il.Outstanding but unpaid contribution

0,00

0,00

0,00

III.Entity's own capital (negative):

0,00

0,00

0,00

IV.Reserve capital:

122.863.000,00

4.192.000,00

53.484.000,00

V.Revaluation reserve:

4.885.000,00

4.885.000,00

5.406.000,00

Vl.Other reserve capitals:

43.968.000,00

43.968.000,00

43.968.000,00

VII.Profit/loss brutto forward:

4.154.000,00

4.154.000,00

4.154.000,00

VIII.Net financial result for the year:

15.971.000,00

118.671.000,00

-49.813.000,00

IX.Write-offs from net profit:

0,00

0,00

0,00

B.Liabilities & reserves:

582.950.000,00

691.259.000,00

1.566.478.000,00

I.Reserve for liabilities:

22.232.000,00

26.408.000,00

34.272.000,00

1.Reserves for deffered income tax:

0,00

0,00

0,00

2.Reserves for retirement and similar:

21.235.000,00

25.388.000,00

8.654.000,00

- long-term:

8.269.000,00

8.269.000,00

8.654.000,00

- short-term:

12.966.000,00

17.119.000,00

0,00

3.0ther reserves:

997.000,00

1.020.000,00

25.618.000,00

- long-term:

997.000,00

1.020.000,00

25.618.000,00

- short-term:

0,00

0,00

0,00

II.Long-term liabilities:

477.478.000,00

0,00

214.480.000,00

1.To related companies:

477.478.000,00

0,00

0,00

2.To other companies:

0,00

0,00

214.480.000,00

a)credits and loans:

0,00

0,00

214.480.000,00

b)commercial papers:

0,00

0,00

0,00

c)other financial liabilities:

0,00

0,00

0,00

d)other long-term liabilities:

0,00

0,00

0,00

Ill.Short-term liabilities:

83.237.000,00

664.848.000,00

1.279.911.000,00

 

1.To related companies:

60.227.000,00

455.000,00

0,00

a)trade payable:

4.150.000,00

455.000,00

0,00

- within 12 months:

4.150.000,00

455.000,00

0,00

- more than 12 months:

0,00

0,00

0,00

b)other:

53.447.000,00

0,00

0,00

2.To other companies:

20.559.000,00 661.800.000,00

1.277.046.000,00

a)bank loans:

0,00 504.538.000,00

183.845.000,00

b)commercial papers:

0,00

0,00

0,00

c)other financial liabilities:

0,00

0,00

0,00

d)trade payables:

15.888.000,00

45.133.000,00

56.526.000,00

- within 12 months:

15.888.000,00

45.133.000,00

56.526.000,00

- more than 12 months:

0,00

0,00

0,00

e)supplies paid on account:

0,00

0,00

0,00

f)notes payable:

0,00

0,00

0,00

g)tax & social securities:

|             1.974.000,00 107.755.000,00|

1.032.059.000,00

h)payroll payable:

2.697.000,00

4.374.000,00

4.616.000,00

i)other short-term liabilities:

0,00

0,00

0,00

3. Special funds:

2.451.000,00

2.593.000,00

2.865.000,00

IV. Accrued liabilities:

3.000,00

3.000,00

37.815.000,00

1. Negative goodwill

0,00

0,00

0,00

2. Other

3.000,00

3.000,00

37.815.000,00

- long-term:

3.000,00

3.000,00

3.000,00

- short-term:

0,00

0,00

37.812.000,00

Total liabilities (A+B):

|         791.922.000,00 884.260.000,00|

1.640.808.000,00

 

Profit and Loss account (calc)

 

 

 

YEAR 1

FROM DATE:

01/01/2003

TO DATE:

31/12/2003

A. Net sales of goods and products:

1.825.444.000,00

- including to related companies

 

I. Net sales of products

 

II. Change of products

 

B. Operation expenses:

 

- including to related companies

 

I. Cost of production

 

II. Goods and materials at cost

 

C. Gross profit on sale(A-B)

 

D. Costs of sale

 

E. General administrative costs

 

F. Profit from sale (C-D-E)

-23.383.000,00

G. Other operation incomes

45.077.000,00

I. Profit from sale of tangible assets

 

II. Grants & subsidies

 

III. Other

 

H. Other operating costs

28.465.000,00

I. Loss from sale of tangible assets

 

II. Revaluation of non-financial assets

 

III. Other operating costs

 

I. Profit from operating activity (F+G-H)

-6.771.000,00

J. Financial income

3.836.000,00

I. Dividends

 

- from subsidiaries and affiliates

 

II. Interest receivable

 

- from subsidiaries and affiliates

 

III. Profits from investment transferred

 

IV. Revaluation of investments

 

V. Other

 

K. Financial costs

10.574.000,00

I. Interest payable including:

 

- to related companies

 

II. Loss from investments transferred

 

III. Revaluation of investments

 

IV. Other

 

L. Profit from economic activity (I+J-K)

-13.509.000,00

M. Extraordinary items (M.I - M.II)

 

I. Extraordinary incomes

 

II.Extraordinary losses

 

N. Gross profit for the year (L+M)

-13.509.000,00

O. Corporate income tax

 

P. Other obligatory charges

 

R. Net profit far the year (N-O-P)

-19.968.000,00

 

Profit and Loss account (comp)

 

 

 

|           YEAR 1

YEAR 2

YEAR 3

 

FROM DATE:

01/01/2010

01/01/2009

01/01/2008

 

TO DATE:

31/12/2010

31/12/2009

31/12/2008

A. Net sales of goods and products:

 

1.004.983.000,00

3.669.642.000,00

2.636.903.000,00

- including to related companies

 

1.014.517.000,00

1.411.633.000,00

0,00

I. Net sales of products

 

993.944.000,00

2.685.897.000,00

2.419.706.000,00

II. Change of products

 

-13.325.000,00

-43.639.000,00

15.693.000,00

Ill.Costs of production

 

0,00

1.027.384.000,00

0,00

IV.Net sale of goods and materials

 

24.364.000,00

0,00

201.504.000,00

B. Operation expenses:

 

960.387.000,00

3.628.054.000,00

2.640.236.000,00

I. Depreciation:

 

42.240.000,00

41.155.000,00

39.313.000,00

II. Costs of materials and energy

 

64.149.000,00

157.436.000,00

168.756.000,00

III. Outside services

 

32.270.000,00

125.283.000,00

182.522.000,00

IV.Taxes :

 

731.413.000,00

2.301.118.000,00

2.048.551.000,00

- including excise taxes:

 

730.228.000,00

2.299.999.000,00

2.047.311.000,00

V. Salaries

 

56.392.000,00

84.971.000,00

89.527.000,00

VI. Social taxes & related

 

11.947.000,00

18.561.000,00

19.280.000,00

VII. Other

 

2.619.000,00

20.325.000,00

37.517.000,00

VIII. Goods and materials sold

 

19.357.000,00

879.205.000,00

54.770.000,00

C. Profit (loss) on sale (A-B)

 

44.596.000,00

41.588.000,00

-3.333.000,00

D. Other operation incomes

 

2.150.000,00

124.810.000,00

16.541.000,00

I. Profit from sale of tangible assets

 

0,00

0,00

253.000,00

II. Grants & subsidies

 

0,00

0,00

0,00

III. Other

 

2.150.000,00

124.810.000,00

16.288.000,00

E. Other operating costs

 

20.736.000,00

20.202.000,00

23.717.000,00

I. Loss from sale of tangible assets

 

997.000,00

416.000,00

0,00

II. Revaluation of non-financial assets

 

18.302.000,00

3.789.000,00

2.870.000,00

III. Other operating costs

 

1.437.000,00

15.997.000,00

20.847.000,00

F. Profit (loss) from operating activity (C+D-E)

 

26.010.000,00

146.196.000,00

-10.509.000,00

G. Financial income

 

11.971.000,00

15.800.000,00

1.966.000,00

I. Dividends

 

0,00

0,00

0,00

- from subsidiaries and affiliates

 

0,00

0,00

0,00

II. Interest receivable

 

232.000,00

846.000,00

1.966.000,00

- from subsidiaries and affiliates

 

130.000,00

0,00

0,00

III. Profits from investment transferred

 

0,00

0,00

0,00

IV. Revaluation of investments

 

0,00

14.954.000,00

0,00

V. Other

 

0,00

0,00

0,00

H. Financial costs

 

19.764.000,00

35.356.000,00

53.349.000,00

I. Interest payable including:

 

19.764.000,00

35.356.000,00

24.074.000,00

- including to related companies

 

0,00

0,00

0,00

II. Loss from investments transferred

 

0,00

0,00

0,00

III. Revaluation of investments

 

0,00

0,00

0,00

IV. Other

 

0,00

0,00

109.000,00

I. Profit (loss) from economic activity (F+G-H)

 

18.217.000,00

126.640.000,00

-61.892.000,00

J. Extraordinary items (J.I - J.II)

 

0,00

0,00

0,00

I. Extraordinary incomes

 

0,00

0,00

0,00

II.Extraordinary losses

 

0,00

0,00

0,00

K. Brutto profit (loss) for the year (I+/-J):

 

18.217.000,00

126.640.000,00

-61.892.000,00

L. Corporate income tax

 

2.246.000,00

-7.969.000,00

-12.079.000,00

M. Other obligatory charges

 

0,00

0,00

0,00

N. Net profit (loss) for the year (K-L-M):

 

15.971.000,00

118.671.000,00

-49.813.000,00

 

 

CASH FLOW

 

 

 

 

 

|         YEAR 1

YEAR 2

YEAR 3

 

FROM DATE: 01/01/2010

01/01/2009

01/01/2005

 

TO DATEj     31/12/2010     1      31/12/2009 |

31/12/2005

A. Operating cash flow

 

121.746.000,00 -97.316.000,00

6.979.070,65

I. Net profit

 

15.971.000,00 118.671.000,00

 

II. Adjustments

 

105.775.000,00 -215.987.000,00

 

1. Depreciation

 

42.240.000,00 41.155.000,00

 

2. Loss an exchange rates difference

 

-9.357.000,00 -16.009.000,00

 

3. Interests/dividends receivable/payable

 

19.532.000,00 34.506.000,00

 

4. Loss on investment activities

 

18.200.000,00 -109.621.000,00

 

5. Change of reserves

 

-4.176.000,00 -8.210.000,00

 

6. Change in inventories

 

16.479.000,00 895.392.000,00

 

7. Change in accaunts receivable

 

151.224.000,00 -109.301.000,00

 

8. Change in short-term liabilities

 

-130.135.000,00 -955.866.000,00

 

9. Change in prepaid items

 

1.768.000,00 11.967.000,00

 

10. Other items

 

0,00 0,00

 

III.Net operating cash flow (I +/- II)

 

121.746.000,00 -97.316.000,00

 

B. Investment cash flow

 

-139.148.000,00 -58.208.000,00

-10.037.525,29

I. Cash inflows from investment activities

 

1.023.000,00 18.763.000,00

 

1. Sale of intangible assets

 

1.023.000,00 17.917.000,00

 

2. Sale of real-estate property and intang. assets

 

0,00 0,00

 

 

3. Sale of financial assets

0,00

846.000,00

 

a) in related companies:

0,00

0,00

 

- financial ASSETS transferred

0,00

0,00

 

- dividends and share in profits

0,00

0,00

 

- repayments of long-term loans granted

0,00

0,00

 

- interests

0,00

0,00

 

- other inflows

0,00

0,00

 

b) in other companies:

0,00

0,00

 

- financial ASSETS transferred

0,00

0,00

 

- dividends and share in profits

0,00

0,00

 

- repayments of long-term loans granted

0,00

0,00

 

- interests

0,00

0,00

 

- other inflows

0,00

0,00

 

4. Other investment inflows

0,00

0,00

 

II. Cash outflows from investment activities

140.171.000,00

76.971.000,00

 

1. Acquired intangible and tangible fixed assets

140.171.000,00

75.819.000,00

 

2. Investments in real-estate and intangible assets

0,00

0,00

 

3. On financial assets

0,00

1.152.000,00

 

a) assets in related companies

0,00

1.152.000,00

 

b) assets in other companies

0,00

0,00

 

- financial ASSETS acquired

0,00

0,00

 

- long-term loans granted

0,00

0,00

 

4. Other investment outflows

0,00

0,00

 

III. Net cash from investment activities

-139.148.000,00

-58.208.000,00

 

C. Financial cash flow

16.609.000,00

73.960.000,00

3.440.382,92

I. Inflows from financial activity

126.000.000,00

1.116.024.000,00

 

1. Net inflows from issuing shares, capital instr.

0,00

0,00

 

2. Bank credits and loans

72.501.000,00

1.116.024.000,00

 

3. Issue of debt securities

0,00

0,00

 

4. Other financial inflows

53.499.000,00

1.116.024.000,00

 

II. Cash outflows from financial activity

109.391.000,00

1.042.064.000,00

 

1. Own shares acquired

0,00

0,00

 

2. Dividends and other payables to owner

0,00

0,00

 

3. payments, other than dividends,to shareholders/owners

0,00

0,00

 

4. Bank credits and loan repaids

87.653.000,00

1.005.000.000,00

 

5. Debt securities and loans repaid

0,00

0,00

 

6. Resulted from financial leasing

0,00

0,00

 

7. Interests payable

0,00

0,00

 

8. Interests

21.738.000,00

37.064.000,00

 

9. Other financial outflows

0,00

0,00

 

III. Net financial cash flow

16.609.000,00

73.960.000,00

 

D. Total net cash flow (A.III +/- B.III +/- C.III)

-793.000,00

-81.564.000,00

6.661.000,00

E. Change in cash. positions in balance

-785.000,00

-81.556.000,00

 

- including due to the foreign exchanges difference

8.000,00

8.000,00

 

F. Cash at the beginning of the year

2.611.000,00

84.167.000,00

 

G. Cash at the end of the year (F +/- D)

1.818.000,00

2.603.000,00

 

- including restricted cash

1.091.000,00

1.160.000,00

 

 

 

Index analysis

 

INDEX

31/12/2010

31/12/2009

31/12/2008

CURRENT RATIO (CR)

Current assets/Current liabilities

0,31

0,29

0,86

QUICK RATIO (QR)

Current Assets-Inventory/Current liabilities

0,22

0,26

0,11

CASH RATIO (SQR)

Cash/Current liabilities

0,02

0,00

0,07

STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY

Inventory/Turnover x 365 days

2,51

2,33

133,25

CREDITORS DAYS/DAY'S SALES IN RECEIVABLES

Current receivables/Turnover x 365 days

5,89

16,65

8,09

DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES

Current liabilities/Turnover x 365 days

30,23

66,13

177,17

TOTAL INDEBTNESS/DEBT RATIO

Outside capital/Equity capital x 100%

73,61

78,17

95,47

LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO I

Longterm liabilities/Equity capital

2,28

0,00

2,89

LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO II

Longterm liab./Equity cap.+Longterm liab. x 100%

69,56

0,00

74,26

RETURN ON SALES (ROS)

Net profit/Turnover x 100%

1,59

3,23

-1,89

RETURN ON ASSETS (ROA)

Net profit/Total assets x 100%

2,02

13,42

-3,04

RETURN ON EQUITY (ROE)

Net profit/Equity capital x 100%

7,64

61,49

-67,02

LONG TERM LIABILITIES IN OUTSIDE CAPITAL

Longterm liabilities/Outside capital x 100%

0,85

0,00

0,14

WORKING CAPITAL

-57.800.000,00

-471.437.000,00

-174.671.000,00

 

Current assets-Current liabilities

 

WORKING CAPITAL RATIO

Current assets-Current liabilities/Turnover x 100%                         -5,75                 -12,85               -6,62

 

Sector average values (for last available 3 years)

NACE:16.00 (Manufacture of tobacco products)

 

INDEX ANALYSIS                                             31/12/2011                    31/12/2010                    31/12/2009

CURRENT RATIO (CR)

Current assets/Current liabilities

0,31                              0,29

QUICK RATIO (QR)

Current Assets-Inventory/Current liabilities

0,22                              0,26

RETURN ON SALES (ROS)

Net profit/Turnover x 100%

1,59                              3,23

RETURN ON ASSETS (ROA)

Net profit/Total assets x 100%

2,02                              13,42

RETURN ON EQUITY (ROE)

Net profit/Equity capital x 100%

7,64                              61,49

 

EMPLOYMENT

 

Employment TOTAL                                         463.72                          463.72                          468.44

Employment PRODUCTIVE

Employment UNPRODUCTIVE

TURNOVER / NET SALES

TURNOVER                                                                              1.019.104.000,00           3.810.252.000,00

NET SALES                                                                              1.004.983.000,00           3.669.642.000,00

TOTAL ASSETS

TOTAL ASSETS                                                                       791.922.000,00 884.260.000,00

 

NACE:51.79.99 (Export)

 

INDEX ANALYSIS                                             31/12/2011                    31/12/2010                    31/12/2009

CURRENT RATIO (CR)

Current assets/Current liabilities

1,75                              2,24                              2,63

QUICK RATIO (QR)

Current Assets-Inventory/Current liabilities

1,10                              1,47                              1,82

RETURN ON SALES (ROS)

Net profit/Turnover x 100%

5,05                              1,27                              -0,73

RETURN ON ASSETS (ROA)

Net profit/Total assets x 100%

5,23                              5,28                              -17,62

RETURN ON EQUITY (ROE)

Net profit/Equity capital x 100%

11,96                            18,80                            -5,52

EMPLOYMENT

Employment TOTAL                                         302.05                          302.22                          302.65

Employment PRODUCTIVE                              340.57                          348.36                          291.42

Employment UNPRODUCTIVE              212.60                          210.32                          169.19

TURNOVER / NET SALES

TURNOVER                                          2.700.585.011,73           870.584.035,32 634.129.239,46

NET SALES                                          399.243.781,45 460.537.244,39 328.190.472,94

TOTAL ASSETS

TOTAL ASSETS                                   3.002.143.777,05           894.338.736,09 634.273.902,56

 

 

HISTORICAL DATa

A

Basic Data (History)

Validity period:                        1993/ / - 2000/10/01

Legal form:                              JOINT STOCK COMPANY

Register organ:                        1379101

Type:                                       COMMERCIAL REGISTER

Number in register:                  RHB-700

Validity period:                        1993/08/23 - 2001/07/02

Legal form:                              JOINT STOCK COMPANY

Register organ:                        13

Type:                                       COMMERCIAL REGISTER

Date of registration:                 23/08/1993

 

Addresses (History)

Validity period: 1997/ / - / /

 

NAME:

PRZEDSIEBIORSTWO WYROBOW TYTONIOWYCH W AUGUSTOWIE SPOLKA AKCYJNA

SHORT NAME:

PRZEDS.WYR.TYT.S.A.,AUGUSTOW

STREET:

TYTONIOWA 16

ZIP CODE:

16-301

TOWN:

AUGUSTOW

TELEPHONE:

0119/3431...6

FAX:

0119/47724

WEBSITE:

0522722

 

Validity period:

1993/ / - 2000/10/01

NAME:

BRITISH-AMERICAN TOBACCO POLSKA SPOLKA AKCYJNA W AUGUSTOWIE

SHORT NAME:

B.A.T. POLSKA S.A.,AUGUSTOW

STREET:

TYTONIOWA 16

ZIP CODE:

16-301

TOWN:

AUGUSTOW

TELEPHONE:

087/6433431...36

FAX:

087/6447724

WEBSITE:

0522722

 

 

Payment

 

Overdue payments

There aren't negative on the company payment behavior by available

Overdue payments

sources of KRD (National Debt Register Economic Information Bureau)

Overdue payments

at 2012.09.10

 

 

TRADE PARTNERS

 

COMPANY NAME:

AMCOR RENTSCH POLSKA SPOLKA Z O.O.

V.A.T.:

726-00-04-398

STREET:

ALEKSANDROWSKA 55

ZIP CODE:

91-205

TOWN:

LODZ

TELEPHONE::

042/6138138

FAX:

042/6138122

WEBSITE:

www.amcor.com

 

COMPANY NAME:

PRZEDSIEBIORSTWO HANDLOWE "AML" SPOLKA Z O.O.

V.A.T.:

955-15-83-172

STREET:

STRUGA 62/64

ZIP CODE:

70-777

TOWN:

SZCZECIN

TELEPHONE::

091/4643799,4643802

FAX:

091/4643799

 

COMPANY NAME:

LEKKERLAND POLSKA SA

V.A.T.:

113-00-05-893

STREET:

POZAROWA 6

ZIP CODE:

03-308

TOWN:

WARSZAWA

TELEPHONE::

022/5186860

FAX:

022/5186800

WEBSITE:

www.lekkerland.pl

EMAIL:

info@lekkerland.pl

 

COMPANY NAME:

MONITEL SPOLKA AKCYJNA

V.A.T.:

526-24-03-380

STREET:

HEWELIUSZA 11

ZIP CODE:

80-890

TOWN:

GDANSK

 

COMPANY NAME:

BRITISH AMERICAN TOBACCO POLSKA TRADING SPOLKA Z O.O.

V.A.T.:

522-291-72-10

STREET:

ILZECKA 26

ZIP CODE:

02-134

TOWN:

WARSZAWA

TELEPHONE::

22/5754300

FAX:

22/5754309

WEBSITE:

www.bat.com.pl

 

COMPANY NAME:

UNITRA TOWARZYSTWO HANDLOWO-PRZEMYSLOWE SA

V.A.T.:

526-00-01-890

STREET:

NOWOGRODZKA 50

ZIP CODE:

00-695

TOWN:

WARSZAWA

PO BOX:

60

TELEPHONE::

022/6289411

FAX:

022/6213382

WEBSITE:

www.unitra.pl

EMAIL:

unitra@unitra.pl

 

COMPANY NAME:

FIRST INTERNATIONAL TRADERS DOM MAKLERSKI S.A.

V.A.T.:

107-000-27-14

STREET:

JANA PAWLA II 15

ZIP CODE:

00-828

TOWN:

WARSZAWA

TELEPHONE::

22/6976666

FAX:

22/6976660

WEBSITE:

www.fitdm.pl

EMAIL:

info@fitdm.pl

 

COMPANY NAME:

FIRST INTERNATIONAL TRADERS FINANCIAL SERVICES S.A.

V.A.T.:

527-259-64-75

STREET:

AL.JANA PAWLA II 15

ZIP CODE:

00-828

TOWN:

WARSZAWA

TELEPHONE::

22/6976666

FAX:

22/6976660

WEBSITE:

www.fitdm.pl

EMAIL:

info@fitdm.pl

 

 

Procedures

 

Officially not available

 

 

ADDITIONAL INFORMATION

 

Officially not available

 

 

BANKS

 

Officially not available

 

 

CUSTOMERS

 

COMPANY NAME:

BH PLUS SPOLKA Z O.O.

V.A.T.:

537-201-31-02

STREET:

SIDORSKA 102

 

ZIP CODE:

21-500

TOWN:

BIALA PODLASKA

TELEPHONE::

083/3433266,3425042

FAX:

083/3433266

 

COMPANY NAME:

POLSKIE KONSORCJUM TYTONIOWE SPOLKA AKCYJNA W UPADLOSCI

V.A.T.:

522-10-70-088

STREET:

KONSTRUKTORSKA 10

ZIP CODE:

02-673

TOWN:

WARSZAWA

TELEPHONE::

022/8475152,8431231,8436121

FAX:

022/8475152,8431231,8436121

WEBSITE:

www.pktsa.com.pl

EMAIL:

centrala@pktsa.com.pl

 

COMPANY NAME:

KOALA SPOLKA AKCYJNA W UPADLOSCI

V.A.T.:

781-00-20-535

STREET:

GNIEZNIENSKA 26/28

ZIP CODE:

62-006

TOWN:

JANIKOWO

TELEPHONE::

061/8151401,8151411,8151420

FAX:

061/8151420

EMAIL:

info@koala.com.pl

 

COMPANY NAME:

PRZEDSIEBIORSTWO HANDLOWO-USLUGOWE "DOWHAN" ROBERT DOWHAN

V.A.T.:

928-000-42-09

STREET:

PRZEMYSLOWA 1

ZIP CODE:

68-320

TOWN:

JASIEN

TELEPHONE::

068/3710654,3710777

FAX:

068/3710654

EMAIL:

jasien@dowhan.pl

 

COMPANY NAME:

PRZEDSIEBIORSTWO HANDLOWO-PRODUKCYJNO-USLUGOWE STOPOL SP. Z O.O.

V.A.T.:

579-00-06-978

STREET:

AL. WOJSKA POLSKIEGO 494-

ZIP CODE:

82-200

TOWN:

MALBORK

TELEPHONE::

055/2703036

MOBILE:

0506083332

FAX:

055/2703011

WEBSITE:

www.stopol.pl

EMAIL:

stopol@stopol.pl

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.72

UK Pound

1

Rs.88.60

Euro

1

Rs.71.34

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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

Capability to overcome financial difficulties seems comparatively below average.

 

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.