MIRA INFORM REPORT

 

 

Report Date :

28.09.2012

 

IDENTIFICATION DETAILS

 

Name :

VETOQUINOL BIOWET SP. Z O.O.

 

 

 

Registered Office :

Kosynierów Gdyńskich 13/1 66-400 Gorzów Wielkopolsk

 

 

Country :

Poland

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

August  1992

 

 

Com. Reg. No.:

210527414

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of pharmaceutical preparations

 

 

No. of Employees :

320

 

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 :

No Complaints

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

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

 

SUMMARY    

 

NAME AND ADDRESS

 

 

 

 

 

 

 

NAME:

VETOQUINOL BIOWET SP. Z O.O.

 

 

STREET:

KOSYNIERÓW GDYŃSKICH 13/1

ZIP CODE:

66-400

TOWN:

GORZÓW WIELKOPOLSK

 

 

 

 

 

 

 

 

CONTACT DETAILS

 

 

 

 

 

 

 

TELEPHONE:

95/7285500

 

 

 

FAX:

95/7359043

WEBSITE:

www.vetoquinol.pl

 

EMAIL:

info@vetoquinol.pl

 

 

 

 

 

 

 

 

 

 

OTHER INFORMATION

 

 

 

 

 

 

 

REGON/Statistical No.

210527414

V.A.T.:

599-01-08-560

 

 

FOUNDED:

1992/08/

 

 

 

 

 

Legal form

LIMITED LIABILITY COMPANY

 

 

 

 

 

NACE codes:

24.42

Manufacture of pharmaceutical preparations

 

 

51.46

Wholesale of pharmaceutical goods

 

 

51.79.99

Export - Central and Eastern Europe

 

 

51.79.99

Export - Sweden

 

 

51.79.99

Export - Germany

 

 

51.79.99

Export - Ireland

 

 

51.79.99

Export - Byelorussia

 

HSCN codes:

30------

PHARMACEUTICAL PRODUCTS

 

 

 

 

 

 

 

 

EMPLOYMENT (for last available 3 years)

 

 

 

 

FROM DATE

TO DATE

TOTAL (MIN-MAX)

PRODUCTIVE (MIN-MAX)

UNPRODUCTIVE (MIN-MAX)

2010/01/01

2010/12/31

320 - 320

-

-

2009/01/01

2009/12/31

320 - 320

-

-

2008/01/01

2008/12/31

317 - 317

137 - 137

180 - 180

 

 

 

 

 

 

 

 

TURNOVER and NET SALES (for last available 3 years)

 

 

 

 

FROM DATE

TO DATE

TURNOVER

NET SALES

EXPORT

IMPORT

2010/01/01

2010/12/31

119.680.814,39

118.755.227,06

 

 

2009/01/01

2009/12/31

109.664.134,48

108.828.023,54

 

 

2008/01/01

2008/12/31

105.249.934,73

103.058.375,80

 

 

 

 

 

 

 

 

 

 

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

90.382.168,31

83.051.943,61

77.389.987,53

 

 

 

 

 

 

 

 

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:

11.355.849,40

8.839.071,42

9.040.337,02

 

 

 

                                                                           NAME AND ADDRESS DATA

           

 

NAME:

VETOQUINOL BIOWET SP. Z O.O.

 

 

SHORT NAME:

VETOQUINOL BIOWET SP. Z O.O., GO

 

 

STREET:

KOSYNIERÓW GDYŃSKICH 13/1

 

 

ZIP CODE:

66-400

 

 

TOWN:

GORZÓW WIELKOPOLSK

 

 

TELEPHONE:

95/7285500

 

 

FAX:

95/7359043

 

 

WEBSITE:

www.vetoquinol.pl

 

 

EMAIL:

info@vetoquinol.pl

 

 

                                                                           BASIC DATA                                                              

 

 

 

 

 

REGON/Statistical No.

210527414

 

 

V.A.T.:

599-01-08-560

 

 

Nationwide Court Register

KRS 000064225

 

 

Legal form

LIMITED LIABILITY COMPANY

 

 

Status

ACTIVE

 

 

Start of Activity

1992/08/

 

 

Registering agency

COURT OF COMMERCE

 

 

Register type

NATIONAL COURT REGISTER

 

 

Date of registration

02/01/2003

 

 

 

 

 

 

NACE codes:

24.42

Manufacture of pharmaceutical preparations

 

51.79.99

Export - Byelorussia

 

51.79.99

Export - Germany

 

51.79.99

Export - Ireland

 

51.79.99

Export - Sweden

 

51.46

Wholesale of pharmaceutical goods

 

51.79.99

Export - Central and Eastern Europe

HSCN codes:

30------

PHARMACEUTICAL PRODUCTS

 

 

ORGANISATIONAL AND LEGAL DATA                

 

 

 

 

 

REGISTER CAPITAL:

 

 

 

VALUE:

3.500.000,00 PLN

 

 

NUMBER OF SHARES:

7000

 

 

 

 

 

 

SHAREHOLDERS

 

 

 

 

 

 

 

FOREIGN COMPANY NAME:

VETOQUINOL S A

 

 

ADDRESS:

BP 189
70204 Lure cedex

 

 

COUNTRY:

France

 

 

TELEPHONE:

+33 3 84 62 55 55

 

 

FAX:

+33 3 84 62 55 56

 

 

VALUE:

3.499.000,00 PLN

 

 

NUMBER OF SHARES:

6998

 

 

 

 

 

 

MANAGERS

 

 

 

 

 

 

TYPE:

PRESIDENT OF THE BOARD

 

 

REPRESENTATION:

SOLE SIGNATURE

 

 

NAME:

ETIENNE

 

 

SURNAME:

FRECHIN

 

 

 

 

 

 

 

 

 

 

TYPE:

MEMBER OF THE BOARD

 

 

REPRESENTATION:

SOLE SIGNATURE

 

 

NAME:

MATTHIEU JEAN

 

 

SECOND NAME:

FRANCOIS

 

 

SURNAME:

FRECHIN

 

 

 

 

 

 

PROXY/PLENIPOTENTIARY

 

 

 

 

 

 

NAME:

CYRYL

 

 

SURNAME:

PRZYBYŁ

 

 

PESEL:

72071103898

 

 

COUNTRY:

Poland

 

 

 

 

 

 

NAME:

IWONA

 

 

SURNAME:

STANKIEWICZ

 

 

PESEL:

72032600567

 

 

COUNTRY:

Poland

 

 

 

 

 

 

NAME:

LIDIA

 

 

SURNAME:

LIS

 

 

PESEL:

54010605520

 

 

COUNTRY:

Poland

 

 

 

 

 

 

NAME:

KATARZYNA

 

 

SURNAME:

URBAN

 

 

PESEL:

78070502126

 

 

COUNTRY:

Poland

 

 

                                                                           SHARES IN OTHER COMPANIES                               

 

 

 

 

 

COMPANY NAME:

DRWALEWSKIE ZAKŁADY PRZEMYSŁU BIOWETERYNARYJNEGO SA

 

 

V.A.T.:

797-10-03-683

 

 

STREET:

GRÓJECKA 6

 

 

ZIP CODE:

05-651

 

 

TOWN:

DRWALEW

 

 

TELEPHONE::

048/6643047

 

 

FAX:

048/6646551

 

 

WEBSITE:

www.biowet-drwalew.pl

 

 

EMAIL:

biowetdr@webmedia.pl

 

 

VALUE:

317.859,00 PLN

 

 

                                                                           EMPLOYMENT

           

 

TOTAL (MIN-MAX)

PRODUCTIVE (MIN-MAX)

UNPRODUCTIVE (MIN-MAX)

FROM DATE

TO DATE

320 - 320

-

-

2010/01/01

2010/12/31

320 - 320

-

-

2009/01/01

2009/12/31

317 - 317

137 - 137

180 - 180

2008/01/01

2008/12/31

291 - 291

133 - 133

158 - 158

2007/01/01

2007/12/31

190 - 190

-

-

1999/01/01

1999/12/31

190 - 190

-

-

1998/01/01

1998/12/31

170 - 170

-

-

1997/01/01

1997/12/31

167 - 167

-

-

1996/01/01

1996/12/31

 

                                                                          

REAL ESTATE

           

 

OWNED

 

 

 

KIND OF REAL ESTATE

AREA FROM

AREA TO

VALUE:

CURRENCY

MORTGAGEE REGISTER NUMBER

GROUNDS

 

 

1.320.059,00

PLN

 

BUILDINGS AND CONSTRUCTIONS

 

 

11.477.170,51

PLN

 

 

                                                                          

SALES                                                               

 

 

 

 

 

FROM DATE

TO DATE

TURNOVER

NET SALES

EXPORT

IMPORT

2010/01/01

2010/12/31

119.680.814,39

118.755.227,06

 

 

2009/01/01

2009/12/31

109.664.134,48

108.828.023,54

 

 

2008/01/01

2008/12/31

105.249.934,73

103.058.375,80

 

 

2007/01/01

2007/12/31

107.539.843,49

105.991.344,45

 

 

2006/01/01

2006/12/31

100.668.021,26

99.481.573,64

 

 

2005/01/01

2005/12/31

79.699.985,06

78.267.584,23

 

 

2003/01/01

2003/12/31

54.704.800,00

54.705.000,00

 

 

2002/01/01

2002/12/31

52.249.000,00

51.212.000,00

 

 

2001/01/01

2001/12/31

46.368.000,00

44.473.000,00

 

 

2000/01/01

2000/12/31

50.631.000,00

 

 

 

1999/01/01

1999/12/31

45.004.940,00

 

 

 

1998/01/01

1998/12/31

37.756.815,00

 

 

 

1997/01/01

1997/12/31

32.559.425,60

 

 

 

1996/01/01

1996/12/31

28.609.541,14

 

 

 

1995/01/01

1995/12/31

18.700.000,00

 

 

 

 

 

                                                                          


FINANCIAL DATA    

 

 

 

 

 

FINANCIAL STATEMENT

 

 

 

 

 

 

 

YEAR 1

YEAR 2

YEAR 3

DATE:

31/12/2010

31/12/2009

31/12/2008

ASSETS

 

 

 

A. Total non-current assets

26.019.014,32

28.294.073,45

29.209.710,90

I.Intangible assets:

2.456.557,40

3.591.686,50

2.780.829,48

1.Costs of development activities:

64.259,32

212.138,28

216.171,17

2.Goodwill:

0,00

0,00

0,00

3.0ther intangible fixed assets:

2.392.298,08

3.379.548,22

2.564.658,31

4.Prepayments for intangible assets:

0,00

0,00

0,00

II.Fixed assets:

22.399.857,98

23.723.436,60

25.358.395,27

l.tangible fixed assets:

21.277.130,03

23.106.572,90

23.958.057,24

a)land:

1.320.059,06

1.320.059,06

1.320.059,06

b)buildings:

11.477.170,51

12.214.054,33

12.730.133,35

c)machinery and equipment:

5.261.469,42

6.523.613,04

6.964.099,25

d)vehicles:

1.615.383,23

1.632.127,34

1.368.321,98

e)other tangible fixed assets:

1.603.047,81

1.416.719,13

1.575.443,60

2.Investments in progress:

1.122.727,95

616.863,70

1.400.338,03

3.Investments in progress paid on accounts:

0,00

0,00

0,00

III.Long-term receivables:

0,00

0,00

8.117,15

I.From related companies:

0,00

0,00

0,00

2.From other companies:

0,00

0,00

8.117,15

IV.Long-term investments:

0,00

0,00

0,00

I.Real-estate property:

0,00

0,00

0,00

2.Intangible assets:

0,00

0,00

0,00

3.Long-term financial assets:

0,00

0,00

0,00

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 long-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 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:

1.162.598,94

978.950,35

1.062.369,00

1.Assets from deffered income tax:

1.162.598,94

978.950,35

1.062.369,00

2.0thers:

0,00

0,00

0,00

B. Current assets:

64.363.153,99

54.757.870,16

48.180.276,63

I. Inventory

26.827.687,51

23.449.972,79

24.103.358,95

1.Materials:

9.419.901,25

7.852.924,08

9.217.695,85

2.Semi-products and work in progress:

1.834.623,90

434.488,00

618.095,62

3.Finished goods:

10.067.179,92

8.952.406,83

9.752.130,76

4.Products:

5.500.241,30

6.142.798,17

4.495.297,12

5.Advance payment for delivery:

5.741,14

67.355,71

20.139,60

II.Accounts receivable:

18.349.219,69

17.780.756,17

16.867.601,96

1.From related companies:

5.011.091,91

5.176.528,55

4.308.467,32

a)trade receivables:

5.011.091,91

5.176.528,55

4.308.467,32

- within 12 months:

5.011.091,91

5.176.528,55

4.308.467,32

- more than 12 months:

0,00

0,00

0,00

b)others:

0,00

0,00

0,00

2.From other companies:

13.338.127,78

12.604.227,62

12.559.134,64

a)trade receivables:

12.018.862,41

11.127.053,48

11.011.237,05

- within 12 months:

12.018.862,41

11.127.053,48

11.011.237,05

- more than 12 months:

0,00

0,00

0,00

b)tax and social receivables:

450.910,39

622.976,09

795.719,96

c)other receivables:

868.354,98

854.198,05

752.177,63

d)accounts receiv. result. from disputable claims:

0,00

0,00

0,00

III.Short-term investments:

18.456.969,87

12.748.881,10

7.006.019,66

1.Short-term financial assets:

18.456.969,87

12.748.881,10

7.006.019,66

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:

18.456.969,87

12.748.881,10

7.006.019,66

- cash in hand and at bank:

18.451.969,87

12.745.581,10

7.006.019,66

- other cash means:

0,00

0,00

0,00

- other cash assets:

5.000,00

3.300,00

0,00

2.0ther short-term investments:

0,00

0,00

0,00

IV.Short-term interperiod settlements:

729.276,92

778.260,10

203.296,06

Total assets (A+B):

90.382.168,31

83.051.943,61

77.389.987,53

LIABILITIES

 

 

 

A. Net worth:

73.932.255,44

67.576.406,04

60.737.334,62

I.Issued capital:

3.500.000,00

3.500.000,00

3.500.000,00

II.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:

58.824.224,70

54.904.596,55

47.864.259,53

V.Revaluation reserve:

252.181,34

0,00

332.738,07

VI.Other reserve capitals:

0,00

332.738,07

0,00

VII.Profit/loss brutto forward:

0,00

0,00

0,00

VIII.Net financial result for the year:

11.355.849,40

8.839.071,42

9.040.337,02

IX.Write-offs from net profit:

0,00

0,00

0,00

B.Liabilities & reserves:

16.449.912,87

15.475.537,57

16.652.652,91

I.Reserve for liabilities:

3.188.268,84

2.556.135,73

1.283.818,61

1.Reserves for deffered income tax:

4.369,49

5.185,66

17.356,61

2.Reserves for retirement and similar:

3.183.899,35

2.550.950,07

1.266.462,00

- long-term:

1.590.764,00

1.285.258,00

1.067.146,00

- short-term:

1.593.135,35

1.265.692,07

199.316,00

3.0ther reserves:

0,00

0,00

0,00

- long-term:

0,00

0,00

0,00

- short-term:

0,00

0,00

0,00

II.Long-term liabilities:

825.353,84

871.798,32

783.781,03

1.To related companies:

0,00

0,00

0,00

2.To other companies:

825.353,84

871.798,32

783.781,03

a)credits and loans:

0,00

0,00

0,00

b)commercial papers:

0,00

0,00

0,00

c)other financial liabilities:

825.353,84

0,00

0,00

d)other long-term liabilities:

0,00

871.798,32

783.781,03

III.Short-term liabilities:

12.395.534,19

12.047.603,52

13.727.595,02

1.To related companies:

442.000,52

1.411.938,96

2.022.670,95

a)trade payable:

442.000,52

1.411.938,96

2.022.670,95

- within 12 months:

442.000,52

1.411.938,96

2.022.670,95

- more than 12 months:

0,00

0,00

0,00

b)other:

0,00

0,00

0,00

2.To other companies:

11.109.463,74

9.797.641,09

10.912.950,05

a)bank loans:

0,00

0,00

0,00

b)commercial papers:

0,00

0,00

0,00

c)other financial liabilities:

622.723,27

596.898,85

426.240,00

d)trade payables:

7.652.053,74

6.243.274,21

7.864.696,15

- within 12 months:

7.652.053,74

6.243.274,21

7.864.696,15

- 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:

1.580.454,76

1.613.701,90

1.410.232,33

h)payroll payable:

1.253.168,74

1.335.066,13

1.175.963,82

i)other short-term liabilities:

1.063,23

8.700,00

35.817,75

3. Special funds:

844.069,93

838.023,47

791.974,02

IV. Accrued liabilities:

40.756,00

0,00

857.458,25

1. Negative goodwill

0,00

0,00

0,00

2. Other

40.756,00

0,00

857.458,25

- long-term:

0,00

0,00

0,00

- short-term:

40.756,00

0,00

857.458,25

Total liabilities (A+B):

90.382.168,31

83.051.943,61

77.389.987,53

 

 

 

 

 

 

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:

118.755.227,06

108.828.023,54

103.058.375,80

- including to related companies

38.113.375,66

33.705.239,15

32.507.002,00

I. Net sales of products

84.758.831,15

82.167.396,84

77.777.244,21

II. Change of products

2.573.731,00

-1.456.180,20

2.459.427,65

III.Costs of production

0,00

0,00

0,00

IV.Net sale of goods and materials

31.422.664,91

28.116.806,90

22.821.703,94

B. Operation expenses:

104.076.899,55

96.300.908,27

91.884.790,58

I. Depreciation:

5.446.006,13

4.967.241,63

4.862.468,24

II. Costs of materials and energy

42.796.716,00

37.903.355,99

39.892.032,97

III. Outside services

11.080.815,47

11.875.915,41

10.871.042,70

IV.Taxes :

444.295,83

445.654,54

440.207,82

- including excise taxes:

0,00

0,00

0,00

V. Salaries

17.162.539,80

16.816.041,24

14.706.323,60

VI. Social taxes & related

4.203.612,56

4.013.676,27

3.608.597,57

VII. Other

223.612,99

257.666,58

218.572,17

VIII. Goods and materials sold

22.719.300,77

20.021.356,61

17.285.545,51

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

14.678.327,51

12.527.115,27

11.173.585,22

D. Other operation incomes

791.776,23

787.907,68

680.755,02

I. Profit from sale of tangible assets

62.943,39

55.804,36

65.251,35

II. Grants & subsidies

0,00

0,00

0,00

III. Other

728.832,84

732.103,32

615.503,67

E. Other operating costs

1.115.077,27

1.188.577,77

1.444.892,19

I. Loss from sale of tangible assets

0,00

0,00

0,00

II. Revaluation of non-financial assets

288.704,71

0,00

372.904,26

III. Other operating costs

826.372,56

1.188.577,77

1.071.987,93

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

14.355.026,47

12.126.445,18

10.409.448,05

G. Financial income

133.811,10

48.203,26

1.510.803,91

I. Dividends

0,00

0,00

0,00

- from subsidiaries and affiliates

0,00

0,00

0,00

II. Interest receivable

133.811,10

48.203,26

244.874,55

- from subsidiaries and affiliates

0,00

0,00

0,00

III. Profits from investment transferred

0,00

0,00

0,00

IV. Revaluation of investments

0,00

0,00

0,00

V. Other

0,00

0,00

1.265.929,36

H. Financial costs

382.370,93

1.134.897,32

562.770,29

I. Interest payable including:

45.515,66

154.326,37

562.770,29

- including to related companies

0,00

0,00

100,59

II. Loss from investments transferred

0,00

0,00

0,00

III. Revaluation of investments

0,00

0,00

0,00

IV. Other

336.855,27

980.570,95

0,00

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

14.106.466,64

11.039.751,12

11.357.481,67

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):

14.106.466,64

11.039.751,12

11.357.481,67

L. Corporate income tax

2.750.617,24

2.200.679,70

2.317.144,65

M. Other obligatory charges

0,00

0,00

0,00

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

11.355.849,40

8.839.071,42

9.040.337,02

 

 

 

 

 

 

CASH FLOW

 

 

 

 

 

 

 

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. Operating cash flow

13.651.144,85

12.447.992,76

11.868.378,60

I. Net profit

11.355.849,40

8.839.071,42

9.040.337,02

II. Adjustments

2.295.295,45

3.608.921,34

2.828.041,58

1. Depreciation

5.446.006,13

5.000.400,53

4.862.468,24

2. Loss an exchange rates difference

155.290,42

363.286,57

-452.579,69

3. Interests/dividends receivable/payable

43.465,16

51.594,71

557.538,00

4. Loss on investment activities

-62.943,39

-55.804,36

-60.609,26

5. Change of reserves

632.133,11

772.972,86

252.739,65

6. Change in inventories

-3.377.714,72

653.386,16

-5.466.850,14

7. Change in accaunts receivable

-568.463,52

-905.037,06

1.032.645,20

8. Change in short-term liabilities

121.431,67

-1.780.332,68

2.615.981,85

9. Change in prepaid items

-93.909,41

-491.545,39

-308.251,75

10. Other items

0,00

0,00

-205.040,52

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

13.651.144,85

12.447.992,76

11.868.378,60

B. Investment cash flow

-2.020.420,44

-3.633.177,18

-1.975.582,94

I. Cash inflows from investment activities

74.663,44

55.804,36

384.679,84

1. Sale of intangible assets

74.663,44

55.804,36

75.118,20

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

0,00

0,00

0,00

3. Sale of financial assets

0,00

0,00

0,00

a) in related companies:

0,00

0,00

0,00

- financial ASSETS transferred

0,00

0,00

0,00

- dividends and share in profits

0,00

0,00

0,00

- repayments of long-term loans granted

0,00

0,00

0,00

- interests

0,00

0,00

0,00

- other inflows

0,00

0,00

0,00

b) in other companies:

0,00

0,00

309.561,64

- financial ASSETS transferred

0,00

0,00

309.561,64

- dividends and share in profits

0,00

0,00

0,00

- repayments of long-term loans granted

0,00

0,00

0,00

- interests

0,00

0,00

0,00

- other inflows

0,00

0,00

0,00

4. Other investment inflows

0,00

0,00

0,00

II. Cash outflows from investment activities

2.095.083,88

3.688.981,54

2.360.262,78

1. Acquired intangible and tangible fixed assets

2.095.083,88

3.688.981,54

2.360.262,78

2. Investments in real-estate and intangible assets

0,00

0,00

0,00

3. On financial assets

0,00

0,00

0,00

a) assets in related companies

0,00

0,00

0,00

b) assets in other companies

0,00

0,00

0,00

- financial ASSETS acquired

0,00

0,00

0,00

- long-term loans granted

0,00

0,00

0,00

4. Other investment outflows

0,00

0,00

0,00

III. Net cash from investment activities

-2.020.420,44

-3.633.177,18

-1.975.582,94

C. Financial cash flow

-5.767.345,22

-2.708.667,57

-12.072.150,17

I. Inflows from financial activity

0,00

0,00

0,00

1. Net inflows from issuing shares, capital instr.

0,00

0,00

0,00

2. Bank credits and loans

0,00

0,00

0,00

3. Issue of debt securities

0,00

0,00

0,00

4. Other financial inflows

0,00

0,00

0,00

II. Cash outflows from financial activity

5.767.345,22

2.708.667,57

12.072.150,17

1. Own shares acquired

0,00

0,00

0,00

2. Dividends and other payables to owner

5.000.000,00

2.000.000,00

0,00

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

0,00

0,00

0,00

4. Bank credits and loan repaids

0,00

0,00

11.065.294,93

5. Debt securities and loans repaid

0,00

0,00

0,00

6. Resulted from financial leasing

0,00

0,00

0,00

7. Interests payable

723.880,06

657.072,86

446.251,15

8. Interests

43.465,16

51.594,71

560.604,09

9. Other financial outflows

0,00

0,00

0,00

III. Net financial cash flow

-5.767.345,22

-2.708.667,57

-12.072.150,17

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

5.863.379,19

6.106.148,01

-2.179.354,51

E. Change in cash. positions in balance

5.708.088,77

5.742.861,44

-1.535.409,01

- including due to the foreign exchanges difference

-155.290,42

-363.286,57

643.945,50

F. Cash at the beginning of the year

12.641.518,77

6.535.370,76

8.714.725,27

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

18.504.897,96

12.641.518,77

6.535.370,76

- including restricted cash

3.688,88

550,00

28.649,32

 

 

 

 

 

                                                                          


INDEX ANALYSIS    

 

 

INDEX

31/12/2010

31/12/2009

31/12/2008

CURRENT RATIO (CR)
Current assets/Current liabilities

5,19

4,55

3,51

QUICK RATIO (QR)
Current Assets-Inventory/Current liabilities

3,03

2,60

1,75

CASH RATIO (SQR)
Cash/Current liabilities

1,49

1,06

0,51

STOCK TURNOVER/DAY'S SUPPLY IN INVENTORY
Inventory/Turnover x 365 days

82,46

78,65

85,37

CREDITORS DAYS/DAY'S SALES IN RECEIVABLES
Current receivables/Turnover x 365 days

56,40

59,64

59,74

DEBTORS DAYS/DAY'S PURCHASE IN PAYABLES
Current liabilities/Turnover x 365 days

38,10

40,41

48,62

TOTAL INDEBTNESS/DEBT RATIO
Outside capital/Equity capital x 100%

18,20

18,63

21,52

LONG TERM INDEBTNESS I/LONG TERM DEBT RATIO I
Longterm liabilities/Equity capital

0,01

0,01

0,01

LONG TERM INDEBTNESS II/LONG TERM DEBT RATIO II
Longterm liab./Equity cap.+Longterm liab. x 100%

1,10

1,27

1,27

RETURN ON SALES (ROS)
Net profit/Turnover x 100%

9,56

8,12

8,77

RETURN ON ASSETS (ROA)
Net profit/Total assets x 100%

12,56

10,64

11,68

RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100%

15,36

13,08

14,88

LONG TERM LIABILITIES IN OUTSIDE CAPITAL
Longterm liabilities/Outside capital x 100%

0,06

0,07

0,05

WORKING CAPITAL
Current assets-Current liabilities

51.967.619,80

42.710.266,64

34.452.681,61

WORKING CAPITAL RATIO
Current assets-Current liabilities/Turnover x 100%

43,76

39,25

33,43

 

 

sECTOR AVERAGE VALUES

 (for last available 3 years)                                                                                                                             

 

 

 

 

 

NACE:24.42 (Manufacture of pharmaceutical preparations)

 

INDEX ANALYSIS

31/12/2011

31/12/2010

31/12/2009

CURRENT RATIO (CR)
Current assets/Current liabilities

1,23

2,34

2,21

QUICK RATIO (QR)
Current Assets-Inventory/Current liabilities

0,75

1,42

1,31

RETURN ON SALES (ROS)
Net profit/Turnover x 100%

1,73

5,35

6,43

RETURN ON ASSETS (ROA)
Net profit/Total assets x 100%

2,73

6,10

6,25

RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100%

9,52

10,72

10,37

EMPLOYMENT

 

Employment TOTAL

62.49

62.53

62.50

Employment PRODUCTIVE

258.33

263.83

271.50

Employment UNPRODUCTIVE

315.83

314.00

266.86

TURNOVER / NET SALES

 

TURNOVER

385.657.316,02

377.813.208,29

322.005.981,67

NET SALES

447.455.376,70

343.781.989,67

292.641.671,93

TOTAL ASSETS

 

TOTAL ASSETS

171.462.777,08

268.885.100,25

242.231.128,18

 

 

 

 

 

 

NACE:51.46 (Wholesale of pharmaceutical goods)

 

INDEX ANALYSIS

31/12/2011

31/12/2010

31/12/2009

CURRENT RATIO (CR)
Current assets/Current liabilities

1,33

3,38

3,87

QUICK RATIO (QR)
Current Assets-Inventory/Current liabilities

0,81

2,52

2,82

RETURN ON SALES (ROS)
Net profit/Turnover x 100%

2,47

-62,58

4,36

RETURN ON ASSETS (ROA)
Net profit/Total assets x 100%

3,95

-7,40

8,46

RETURN ON EQUITY (ROE)
Net profit/Equity capital x 100%

20,04

32,93

28,72

EMPLOYMENT

 

Employment TOTAL

71.82

71.98

71.57

Employment PRODUCTIVE

38.25

58.67

63.00

Employment UNPRODUCTIVE

173.00

218.33

165.25

TURNOVER / NET SALES

 

TURNOVER

882.539.659,68

821.105.901,87

703.753.512,76

NET SALES

297.924.510,09

171.181.060,08

138.892.982,05

TOTAL ASSETS

 

TOTAL ASSETS

634.293.981,63

355.157.917,98

282.940.122,79

 

 

                                                                           HISTORICAL DATA

           

 

Basic Data (History)

 

 

 

 

 

 

Validity period:

1992/ / - 2001/11/20

 

 

Legal form:

LIMITED LIABILITY COMPANY

 

 

Register organ:

1321101

 

 

Type:

COMMERCIAL REGISTER

 

 

Number in register:

RHB 880

 

 

Date of registration:

02/11/1998

 

 

 

 

 

 

Validity period:

1998/11/02 - / /

 

 

Legal form:

JOINT STOCK COMPANY

 

 

Register organ:

1321101

 

 

Type:

COMMERCIAL REGISTER

 

 

Number in register:

RHB 880

 

 

Date of registration:

05/08/1992

 

 

 

 

 

 

Addresses (History)

 

 

 

 

 

 

Validity period:

1998/11/02 - / /

 

 

NAME:

BIOWET S.A. ZAKŁADY FARMACEUTYCZNE, GORZÓW WIELKOPOLSKI

 

 

SHORT NAME:

BIOWET S.A., GORZÓW WLKP

 

 

STREET:

KOS.GDYŃSKICH 13/14

 

 

ZIP CODE:

66-400

 

 

TOWN:

GORZÓW WLKP.

 

 

TELEPHONE:

095/7202064...68,7204972

 

 

FAX:

095/7228462

 

 

WEBSITE:

044543

 

 

 

 

 

 

Validity period:

2005/ / - / /

 

 

NAME:

ZAKŁADY FARMACEUTYCZNE BIOWET SPÓŁKA Z O.O.

 

 

SHORT NAME:

BIOWET SP. Z O.O., GORZÓW WLKP.

 

 

STREET:

KOS.GDYŃSKICH 13/14

 

 

ZIP CODE:

66-400

 

 

TOWN:

GORZÓW WLKP.

 

 

TELEPHONE:

095/7202064...8,7204972

 

 

FAX:

095/7228462

 

 

EMAIL:

info@biowet.com.pl

 

                                                                          

PAYMENTS

           

 

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

sources of KRD (National Debt Register Economic Information Bureau)

at  2012.09.25    

 

 

TRADE PARTNERS

           

 

COMPANY NAME:

ALMA SPÓŁKA AKCYJNA

 

 

V.A.T.:

781-00-09-700

 

 

STREET:

HODOWLANA 5

 

 

ZIP CODE:

61-680

 

 

TOWN:

POZNAŃ

 

 

TELEPHONE::

061/8297100

 

 

FAX:

061/8297201

 

 

WEBSITE:

www.alma.biz.pl

 

 

EMAIL:

office@alma.biz.pl

 

 

 

 

 

 

FOREIGN COMPANY NAME:

VETOQUINOL S A

 

 

ADDRESS:

BP 189
70204 Lure cedex

 

 

COUNTRY:

France

 

 

TELEPHONE:

+33 3 84 62 55 55

 

 

FAX:

+33 3 84 62 55 56

 

 

                                                                           RELATED FIRMS                                                        

                                                                                                                                                                                   

                                   Officially not available                                                                                                                 

                                  

                                                                                                                                                                       

                                                                           PROCEDURES                                                           

                                                                                                                                                                                   

                                                                                                                                                                        Officially not available                                                                                                                                                           

                                  

                                                                                                                                                                       

                                                                           ADDITIONAL INFORMATION                                      

                                                                                                                                                                                   

                                                                                                                                                                        Officially not available                                                                                                                                                           

                                  

                                  

BANKS    

                                                                                                                                                                                   

                                   Officially not available                                                                                                                 

 

                                                                                                                             

                                                                           CUSTOMERS / SUPPLIERS                                          

                                                                                                                                                                                   

 

CUSTOMERS

 

 

 

 

 

 

COMPANY NAME:

USŁUGI WETERYNARYJNE JAN TERCJAK

 

 

V.A.T.:

775-00-11-193

 

 

STREET:

WITONIA 202

 

 

ZIP CODE:

99-335

 

 

TOWN:

WITONIA

 

 

TELEPHONE::

603384350

 

 

MOBILE:

0603384350

 

 

FAX:

024/7223373

 

 

EMAIL:

weterpol@wp.pl

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.25

UK Pound

1

Rs.86.23

Euro

1

Rs.68.64

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.