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Report Date : |
03.04.2013 |
IDENTIFICATION DETAILS
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Name : |
TEVA OPERATIONS POLAND SP. Z O.O. |
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Registered Office : |
Ul. Emilii Plater 53, 00-113 Warszawa |
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Country : |
Poland |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
04.10.1996 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and sale of pharmaceutical goods |
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No. of Employees : |
10 to 49 |
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 : |
Usually correct |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Poland |
A2 |
A2 |
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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 |
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
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Source : CIA |
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TEVA OPERATIONS POLAND Sp. z o.o. |
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ul. Emilii Plater 53 |
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Phone: 22 3459300 |
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E-mail: teva.polska@teva.pl |
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Website: www.teva.pl
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Legal form |
Limited liability company |
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Stat.no. |
012230311 |
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Tax ID |
PL 9511588683 |
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Establishment |
04.10.1996 |
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Changes of names and addresses |
RATIOPHARM
POLSKA Sp. z o.o. |
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04.03.2004 ul.
Powsińska 4, 02-920 Warszawa |
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21.09.2006 ul. Poleczki
23, 02-822 Warszawa |
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07.04.2011 TEVA OPERATIONS
POLAND Sp. z o.o. |
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01.07.2011 ul. Emilii
Plater 53, 00-113 Warszawa |
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Registration: |
13.12.2001,
District Court Warszawa, XII Department, KRS 70048 |
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Shareholders |
IVAX
INTERNATIONAL B.V., Computerweg 10, 3542DR, Utrecht, Netherlands |
PLN |
22 220 000,00 |
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list entered to NCR /KRS/
on 08.11.2012 |
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Initial Capital |
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PLN
22 220 000,00 |
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Initial capital divided into
101 shares of PLN 220 000,00 each |
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Changes of initial capital |
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- since 14.11.2006 until
08.11.2012 the capital estimated |
PLN
22 000 000,00 |
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- since 22.09.2003 until
14.11.2006 the capital estimated |
PLN
17 000 000,00 |
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- since 17.03.2003 until
22.09.2003 the capital estimated |
PLN
50 000,00 |
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- since 13.12.2001 until
17.03.2003 the capital estimated |
PLN
4 000,00 |
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Management |
Jarosław
Plenzner , personal ID no. (PESEL) 75120500138, ul. Staszica 4/41, 01-188
Warszawa |
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Proxies: |
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Representation: |
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Main activity |
Manufacture and sale of
pharmaceutical goods |
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Branches NACE 2007: |
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Manufacture of pharmaceutical
preparations |
(C.21.20.Z) |
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Wholesale of pharmaceutical
goods |
(G.46.46.Z) |
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Production of preserved and
diet food |
(C.10.86.Z) |
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Production of electricity |
(D.35.11.Z) |
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Distribution of water sewage and
refuse disposal, sanitation and similar activities |
(E.36.00.Z) |
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Other transportation
activities |
(H.49.20.Z) |
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Employment |
2006:
18 employees |
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Turnover |
2007 |
PLN |
71 983 100,00 |
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2008 |
PLN |
70 087 600,00 |
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2009 |
PLN |
62 490 600,00 |
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2010 |
PLN |
45 420 300,00 |
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2011 |
PLN |
1 033 986 926,61 |
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Locations: |
seat: |
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Real Estate |
Book value of buildings as at
31.12.2011 |
PLN |
122 426 096,77 |
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Book value of lands as at
31.12.2011 |
PLN |
4 886 223,60 |
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Verification of information on
real estate ownership position through the Real Estate Register is not
covered by the standard report. |
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Shares in other companies |
123RATIO sp. z o.o. NIP 9512065757,
ul. Emilii Plater 53, 00-113 Warszawa |
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Data concerning shares in
other companies are valid as at: 07.03.2013. |
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Connections: |
Maciej
Antoni Jarosz , personal ID no. (PESEL) 71102708398 |
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Taking overs |
01.07.2011
(Entry date) - merger |
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General information |
The
capital from the takeover as at 31.12.2011 was : - 535.996.645,15
PLN. |
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The
subject has not decided to cooperate in elaboration of this report yet. |
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Banks |
Names of banks were not
disclosed |
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Payment Manner |
In available
sources, payment delays have not been noted |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.33 |
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1 |
Rs.82.72 |
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Euro |
1 |
Rs.69.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
-- |
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.