MIRA INFORM REPORT

 

 

Report Date :

10.10.2014

 

IDENTIFICATION DETAILS

 

Correct Name :

TEVA PHARMACEUTICAL WORKS PRIVATE LIMITED COMPANY 

 

 

Registered Office :

4042 Debrecen, Pallagi út 13.                                                

 

 

Country :

Hungary

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

28.12.1989

 

 

Com. Reg. No.:

13 10 040145                                           

 

 

Legal Form :

Joint Stock Company                                

 

 

Line of Business :

Manufacture of pharmaceutical preparations

 

 

No of Employees :

2988

 

 

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 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Hungary

B1

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

HUNGARY - ECONOMIC OVERVIEW

 

Hungary has made the transition from a centrally planned to a market economy, with a per capita income nearly two-thirds that of the EU-28 average. In late 2008, Hungary's impending inability to service its short-term debt - brought on by the global financial crisis - led Budapest to obtain an IMF/EU/World Bank-arranged financial assistance package worth over $25 billion. The global economic downturn, declining exports, and low domestic consumption and fixed asset accumulation, dampened by government austerity measures, resulted in a severe economic contraction in 2009. In 2010 the new government implemented a number of changes including cutting business and personal income taxes, but imposed "crisis taxes" on financial institutions, energy and telecom companies, and retailers. The IMF/EU bail-out program lapsed at the end of the year and was replaced by Post Program Monitoring and Article IV Consultations on overall economic and fiscal processes. At the end of 2011 the government turned to the IMF and the EU to obtain financial backstop to support its efforts to refinance foreign currency debt and bond obligations in 2012 and beyond, but Budapest's rejection of EU and IMF economic policy recommendations led to a breakdown in talks with the lenders in late 2012. Global demand for high yield has since helped Hungary to obtain funds on international markets. Hungary’s progress reducing its deficit to under 3% of GDP led the European Commission in 2013 to permit Hungary for the first time since joining the EU in 2004 to exit the Excessive Deficit Procedure.

 

Source : CIA

 

 

 

 


Company name & address

 

TEVA GYÓGYSZERGYÁR ZÁRTKÖRÛEN MÛKÖDÕ RÉSZVÉNYTÁRSASÁG                       

4042 Debrecen,  Pallagi út 13.                                              

Phone: +36(52)515100                    

Telefax: +36(52)515142                 

E-Mail: maria.dioszegi@teva.hu         

Web: www.teva.hu                       

 

 

Company summary

 

Legal form      joint stock company                                                            

Established on  28/12/1989 - joint stock company                               

                1951 - State-owned company                                     

                Legal predecessor:                                             

                BIOGAL Gyógyszergyár                                             Transformation 

                Statistical number:                                            

                4000 Debrecen, Pallagi út 13.                                  

                TEVA Magyarország Gyógyszerforgalmazó                Merging        

                Zártkörûen Mûködõ Részvénytársaság                             

                RegNr.: 13 10 040145                                           

                Statistical number: 10798982                                   

                2100 Gödöllõ, Repülõtéri út 5.                                 

Registered on   29/12/1989, Hajdú-Bihar megye, RegNr.: 09 10 000016            

                                                                               

                Tax number: 10318353-2-09                                      

                EU Community VAT identification number: HU10318353             

                Statistical number: 10318353                                    

                Last entry: 2014.08.07.                                        

Events,         General events:                                                

negative data   13.06.2006 - Residence change                                   

                Court: Hajdú-Bihar megye                                       

                Firm Journal reference: 2006/27 (06.07.2006)                   

Registered                                          HUF     4 539 293 480,-    

capital                                                                         

Shareholder     TEVA Pharmaceuticals Europe B.V.                               

                Computerweg 10., 3542 Utrecht,                                 

                Netherlands                                                    

                Shareholder with majority                                      

                significance                                                   

                Beginning of validity: 10.07.2014                              

                Person in charge for delivery:                                 

                Andréko Kinstellar Ügyvédi Iroda                               

                1054 Budapest, Széchenyi rakpart 3.                             

                 Names of the other shareholders                               

                are not known                                                  

Authorized to   Glenn Boling Benjamin                                           

sign            (Mothers name: Gay Gilbreath)                                  

                CanyonMalabar road 28661., 92679 Trabuco, USA                  

                member of the board                                             

                authorized to collective sign                                  

                Beginning of legal relation: 03.06.2014                        

                End of legal relation: 31.05.2019                              

                Beginning of validity: 03.06.2014                              

                Person in charge for delivery:                                 

                Andréko Kinstellar Ügyvédi Iroda                               

                1054 Budapest, Széchenyi rakpart 3.                            

                Lustig David                                                   

                (Mothers name: Rachel Presenty)                                

                TiqvaBasel street 5., 49131 Petah, Island                      

                member of the board                                            

                authorized to collective sign                                  

                Beginning of legal relation: 16.06.2014                        

                End of legal relation: 31.05.2019                              

                Beginning of validity: 16.06.2014                              

                Person in charge for delivery:                                  

                Andréko Kinstellar Ügyvédi Iroda                               

                1054 Budapest, Széchenyi rakpart 3.                            

                Mika Petteri Kayhkö Kai                                         

                (Mothers name: Pirilla Hilkka Helena)                          

                Telamaaentie 16A., 02170 Espoo, Finland                        

                member of the board                                            

                authorized to collective sign                                  

                Beginning of legal relation: 03.06.2014                        

                End of legal relation: 31.05.2019                              

                Beginning of validity: 03.06.2014                              

                Person in charge for delivery:                                 

                Andréko Kinstellar Ügyvédi Iroda                               

                1054 Budapest, Széchenyi rakpart 3.                            

                Mikucki Maciej                                                 

                (Mothers name: Aleksandra Jezewska)                            

                ul. Bruna 9/195, 02-594 Varsó, Poland                          

                member of the board                                            

                authorized to collective sign                                  

                Beginning of legal relation: 30.03.2014                        

                End of legal relation: 31.05.2017                              

                Beginning of validity: 30.03.2014                              

                Person in charge for delivery:                                  

                Dr. Eszter Török                                               

                1023 Budapest, Borbolya utca 11.                               

                Yehiel Levin Yossef                                            

                (Mothers name: Loni Reich-Levin)                               

                Basel street 5., 49131 Petah Tiqva, Island                     

                member of the board                                            

                authorized to collective sign                                  

                Beginning of legal relation: 27.05.2013                        

                End of legal relation: 31.05.2016                              

                Beginning of validity: 27.05.2013                              

                Person in charge for delivery:                                 

                Dr. Helga Földi                                                

                4024 Debrecen, Teleki utca 34. I. em. 3.                       

                Csaba Sasvári                                                  

                (Mothers name: Sövér Teréz)                                    

                7150 Bonyhád, Perczel kert 6.                                   

                Employee                                                       

                authorized to sign                                             

                Beginning of validity: 24.05.2012                               

Supervisory     de Notaristefani di Vastogirar Carlo                           

Board           (Mothers name: Luisa Barone)                                   

                lakeChesnut ridge road 400., 07677 Woodcliff, USA               

                member of the supervisory board                                

                Beginning of legal relation: 31.12.2013                        

                End of legal relation: 31.05.2016                              

                Beginning of validity: 31.12.2013                              

                Person in charge for delivery:                                 

                Dr. Helga Földi                                                

                4024 Debrecen, Teleki utca 24. 1. em. 3.                       

                Dr. Lajos Hegedûs                                              

                (Mothers name: Kiss Gizella)                                   

                1029 Budapest, Tompa Mihály utca 15                            

                member of the supervisory board                                

                Beginning of legal relation: 22.06.2012                        

                End of legal relation: 31.05.2015                              

                Beginning of validity: 22.06.2012                              

                Erzsébet Sas                                                   

                (Mothers name: Jenei Erzsébet)                                  

                4033 Debrecen, Sólyom utca 83-85.                              

                member of the supervisory board                                

                Beginning of legal relation: 03.06.2014                         

                End of legal relation: 31.05.2017                              

                Beginning of validity: 03.06.2014                              

Auditor         PricewaterhouseCoopers                                         

                Könyvvizsgáló Korlátolt                                        

                Felelõsségû Társaság                                           

                1055 Budapest, Bajcsy-Zsilinszky                               

                út 78.                                                         

                Szûcs Márta Hegedûsné                                          

                2071 Páty, Várhegyi utca 6.                                    

General data    Main activity:                  Code:   Insolvency   Észak-  Hajdú-

                Manufacture of pharmaceutical   (2120.) risk:   alföldi  Bihar:

                preparations                            3,23 %   régió: 50,00 %

                                                                33,33 %        

                Brand name:                                                    

                ALLITHERA, ALUSULIN, ASTRIX, AUGMENTIN , BRONCHO-VAXOM,        

                BRULAMYCIN, CONTRAMAL, CRUPODEX, DICYNONE,                     

                DOXIUM, ERYC, HEVIZOS, ISOPRINOSINE, MARIPEN, NEOGRANORMON,    

                OXYBION, PALLAGICIN, PENGLOBE, PEPONEN                         

                REVALID,  SPUTOPUR, TILCOTIL, ULCERAN, VEGACILLIN               

                Former name:                                                   

                BIOGÁL Gyógyszergyár Rt.                                       

                BIOGAL Gyógyszergyár Részvénytársaság                          

                TEVA Gyógyszergyár Rt.                                         

                TEVA Gyógyszergyár Részvénytársaság                            

                Full name:                                                     

                TEVA Gyógyszergyár Zártkörûen Mûködõ Részvénytársaság          

                Name in foreign language:                                      

                TEVA Pharmaceutical Works Private Limited Company              

                TEVA Pharmaceuticals Ltd.                                      

                Short name:                                                    

                TEVA Gyógyszergyár Zrt.                                        

                Export:                                                         

                Belgium                                                        

                Israel                                                         

                Netherlands                                                     

                Switzerland                                                    

                USA                                                            

                Import:                                                         

                Germany                                                        

                Israel                                                         

                Netherlands                                                     

                USA                                                            

                General contacts:                                              

                Phone:                                                         

                                                                                

                +36(52)515100                                                  

                                                                               

                +36(52)515040                                                  

                                                                               

                +36(52)515200                                                  

                Telefax:                                                        

                                                                               

                +36(52)515142                                                  

                                                                                

                +36(52)418752                                                  

                                                                               

                +36(52)515072                                                   

                E-Mail:                                                        

                maria.dioszegi@teva.hu                                         

                Web:                                                            

                www.teva.hu                                                    

                Residence address:                                             

                4042 Debrecen, Pallagi út 13.                                  

                Address of the company premises:                               

                4030 Debrecen, Vámraktár utca 3.                               

                Branch establishment:                                          

                2100 Gödöllõ, Táncsics Mihály u. 82.                           

                3792 Sajóbábony, 024/180.                                      

                2100 Gödöllõ, Repülõtéri út 5.                                 

                2100 Gödöllõ, Liget utca 2.                                    

                1074 Budapest, Rákóczi út 70-72.                               

                4400 Nyíregyháza, Tünde utca 9.                                

                8000 Székesfehérvár, Seregélyesi utca 129.                     

                6640 Csongrád, Kenderföldek utca 3.                            

                9730 Kõszeg, Malomárok utca 2.                                 

                7634 Pécs, Makay István utca 13/A.                              

                3800 Szikszó, 049/1.                                           

                The company has ISO 9001 quality certificate.                  

                Regular activity:                                               

                Producing and distributing of basic                            

                materials, different kind of                                   

                medicines (human, veterinary)                                  

                healthgiving products                                          

 

 

Other activities

     

                TEÁOR 2008 (NACE rev. 2):       Code:   Insolvency   Észak-  Hajdú-

                                                        risk:   alföldi  Bihar:

                                                                 régió:        

                Manufacture of other food       (1089.) 4,43 %   0,00 %  0,00 %

                products n.e.c.                                                

                Manufacture of other inorganic  (2013.) 4,88 %   0,00 %  0,00 %

                basic chemicals                                                

                Manufacture of other organic    (2014.) 2,13 %   0,00 %  0,00 %

                basic chemicals                                                

                Manufacture of pesticides and   (2020.) 2,27 %   0,00 %  0,00 %

                other agrochemical products                                    

                Manufacture of soap and         (2041.) 4,76 %   0,00 %  0,00 %

                detergents, cleaning and                                       

                polishing preparations                                         

                Manufacture of perfumes and     (2042.) 1,68 %   0,00 %  0,00 %

                toilet preparations                                            

                Manufacture of other chemical   (2059.) 1,54 %   0,00 %  0,00 %

                products n.e.c.                                                 

                Manufacture of basic            (2110.) 3,23 %   0,00 %  0,00 %

                pharmaceutical products                                        

                Agents specialised in the sale  (4618.) 4,77 %   7,59 %  4,23 %

                of other particular products                                   

                Wholesale of pharmaceutical     (4646.) 2,71 %  11,36 %  8,00 %

                goods                                                           

                Non-specialised wholesale trade (4690.) 4,82 %   5,59 %  2,63 %

                Dispensing chemist in           (4773.) 1,85 %   0,32 %  0,00 %

                specialised stores                                             

                Retail sale of medical and      (4774.) 2,87 %   2,86 %  0,00 %

                orthopaedic goods in                                           

                specialised stores                                             

                Computer programming activities (6201.) 1,69 %   2,22 %  1,43 %

                Computer consultancy activities (6202.) 1,86 %   3,49 %  1,20 %

                Other information technology    (6209.) 3,36 %   4,08 %  5,26 %

                and computer service activities                                

                Renting and operating of own    (6820.) 2,03 %   2,03 %  2,95 %

                or leased real estate                                          

                Accounting, bookkeeping and     (6920.) 1,56 %   1,34 %  1,80 %

                auditing activities; tax                                       

                consultancy                                                    

                Technical testing and analysis  (7120.) 2,62 %   1,92 %  1,54 %

                Research and experimental       (7211.) 1,69 %   2,38 %  2,78 %

                development on biotechnology                                   

                Other research and              (7219.) 1,37 %   0,68 %  0,91 %

                experimental development on                                    

                natural sciences and                                           

                engineering                                                    

                Market research and public      (7320.) 3,56 %   3,28 %  4,00 %

                opinion polling                                                

                Other professional, scientific  (7490.) 2,41 %   3,08 %  0,60 %

                and technical activities n.e.c.                                

                Other business support service  (8299.) 4,35 %   5,33 %  6,11 %

                activities n.e.c.                                              

Employees  2007    2106 employees                                         

                2008    1946 employees                                         

                2009    2001 employees                                         

                2010    2090 employees                                          

                2011    2384 employees                                         

                2012    2513 employees                                         

                2013    2543 employees                                          

                06/01/  2604 employees                                         

                2014                                                           

                27/01/  2604 employees                                          

                2014                                                           

                27/02/  2581 employees                                         

                2014                                                           

                10/03/  3099 employees                                         

                2014                                                           

                07/04/  3093 employees                                         

                2014                                                           

                07/05/  3082 employees                                         

                2014                                                           

                04/06/  3050 employees                                         

                2014                                                           

                04/07/  3016 employees                                         

                2014                                                            

                05/08/  3005 employees                                         

                2014                                                           

                04/09/  2980 employees                                          

                2014                                                           

                05/09/  2988 employees                                         

                2014                                                            

Annual turnover 2004            Net income          HUF    86 029 000 000,-    

                2005            Net income          HUF    91 770 000 000,-    

                2006            Net income          HUF   125 764 000 000,-    

                2007            Net income          HUF    99 439 000 000,-    

                2008            Net income          HUF   100 036 000 000,-    

                2009            Net income          HUF   105 553 000 000,-    

                2010            Net income          HUF   125 372 000 000,-    

                2011            Net income          HUF   156 125 000 000,-    

                2012            Net income          HUF   188 438 000 000,-    

                2013            Net income          HUF   150 724 000 000,-    

Property        Company's property: Technological equipments, machines, vehicles

                                                                               

                Book value: 57 394 000 000,- HUF (According to balance - 2013) 

                                                                               

                Company's                                                      

                property: property                                              

                                                                               

                Book value: 39 344 000 000,- HUF (According to balance - 2013) 

 

 

Balance sheets 

 

The enclosed profit and loss account of 2013 is originated     

                from official source, it is authenticated by the auditor .     

                (31.12.2013 - 1000000 HUF)                                     

                The enclosed profit and loss account of 2012 is originated     

                from official source, it is authenticated by the auditor .     

                (31.12.2012 - 1000000 HUF)                                     

                The enclosed profit and loss account of 2011 is originated     

                from official source, it is authenticated by the auditor .     

                (31.12.2011 - 1000000 HUF)                                     

                The enclosed profit and loss account of 2010 is originated     

                from official source, it is authenticated by the auditor .     

                (31.12.2010 - 1000000 HUF)                                     

                The enclosed balance of 2013 is originated from official       

                source, it is authenticated by the auditor . (31.12.2013 -     

                1000000 HUF)                                                   

                The enclosed balance of 2012 is originated from official       

                source, it is authenticated by the auditor . (31.12.2012 -     

                1000000 HUF)                                                   

                The enclosed balance of 2011 is originated from official       

                source, it is authenticated by the auditor . (31.12.2011 -     

                1000000 HUF)                                                   

                The enclosed balance of 2010 is originated from official       

                source, it is authenticated by the auditor . (31.12.2010 -     

                1000000 HUF)                                                   

Interests       TEVA Gyógyszergyár Zártkörûen Mûködõ Részvénytársaság          

                (Statistical number: 10318353):                                 

                CEF INVEST Szolgáltató Korlátolt    Owner                      

                Felelõsségû Társaság (Statistical                              

                number: 11693859)                                              

                *** Last event influencing the credit risk: 2012.12.27. ***    

                EL-TECH 93. Elektrotechnikai,       Owner                      

                Szolgáltató és Karbantartó                                     

                Korlátolt Felelõsségû Társaság                                 

                (Statistical number: 11150460)                                 

                IPENERG Ipari Energiafogyasztók     Members                    

                Érdekképviselete Egyesülés                                     

                végelszámolás alatt (Statistical                               

                number: 22692144)                                              

                *** Last event influencing the credit risk: 2013.08.01. ***    

                Pliva Hungária Kereskedelmi és      Owner                      

                Szolgáltató Korlátolt Felelõsségû                              

                Társaság (Statistical number:                                   

                10867091)                                                      

                *** Last event influencing the credit risk: 2013.11.22. ***    

                TEVA Service Holding Korlátolt      Owner                       

                Felelõsségû Társaság (Statistical                              

                number: 14541878)                                              

                *** Last event influencing the credit risk: 2013.09.20. ***     

                TRANS-BIOGAL Fuvarozó,              Owner                      

                Kereskedelmi és Szolgáltató                                    

                Korlátolt Felelõsségû Társaság                                 

                (Statistical number: 11150185)                                 

                *** Last event influencing the credit risk: 2014.02.19. ***    

                Vezér Patika Gyógyszer-             Owner                      

                kereskedelmi Korlátolt Felelõsségû                             

                Társaság (Statistical number:                                  

                14111608)                                                      

                *** Last event influencing the credit risk: 2012.12.27. ***    

Bank relations  CIB Bank Zrt.Debrecen I.Fiók:                                  

                Central address: HU Debrecen, Piac u. 1-3.                     

                Account number: 107001410206290952300002                       

                                                                               

                CIB Bank Zrt. Gödöllõi fiók:                                   

                Central address: HU Gödöllõ, Szabadság tér 16-17.              

                Account number: 107001960206290952200005                       

                                                                               

                MKB Bank Zrt.:                                                  

                Central address: HU Budapest, Váci utca 38.                    

                Account number: 103000023460302400003285                       

                                                                               

                CIB Bank Zrt.Debrecen I.Fiók:                                  

                Central address: HU Debrecen, Piac u. 1-3.                     

                Account number: 107001410206290952200005                       

                Account number: 107001410206290951100005                       

                                                                               

                Citibank Europe Plc. Mo-i Fióktelepe:                          

                Central address: HU Budapest, Szabadság tér 7.                 

                Account number: 108000071100104300000000                       

                                                                               

                MKB Bank Zrt.:                                                  

                Central address: HU Budapest, Váci utca 38.                    

                Account number: 103000023460302470073285                       

                                                                                

                Citibank Europe Plc. Mo-i Fióktelepe:                          

                Central address: HU Budapest, Szabadság tér 7.                 

                Account number: 108000071100110800000000                        

                Account number: 108000077100115900000000                       

                Account number: 108000078100116700000000                       

                Account number: 108000079100117500000000                       

                                                                               

                MKB Bank Zrt.:                                                 

                Central address: HU Budapest, Váci utca 38.                    

                Account number: 103000023460302449020140                       

                                                                               

                Citibank Europe Plc. Mo-i Fióktelepe:                          

                Central address: HU Budapest, Szabadság tér 7.                 

                Account number: 108000070100118300000000                       

                Account number: 108000071100119100000000                       

                Account number: 108000071100125600000000                       

                Account number: 108000073100127200000000                       

                                                                               

                MKB Bank Zrt.:                                                  

                Central address: HU Budapest, Váci utca 38.                    

                Account number: 103000023460986200003285                       

                                                                                

                CIB Bank Zrt.Debrecen I.Fiók:                                  

                Central address: HU Debrecen, Piac u. 1-3.                     

                Account number: 107001410206290951200002                        

                                                                               

                BNP-Paribas Magyarországi fióktelepe:                          

                Central address: HU Budapest, Széchenyi István tér 7-8.        

                Account number: 131000070250680000689781                       

                Account number: 131000070250680000683486                       

                Account number: 131000070250680000688405                       

                                                                                

                OTP Észak-alföldi r., Debrecen:                                

                Central address: - Debrecen, Hatvan u. 2-4.                    

                Account number: 117380082087922000000000                       

                                                                               

                Citibank Europe Plc. Mo-i Fióktelepe:                          

                Central address: HU Budapest, Szabadság tér 7.                 

                Account number: 108000070617202400000000                       

                Account number: 108000077617208300000000                       

                Account number: 108000077617208300000000                        

                Account number: 108000076100129900000000                       

Company         constant                                                   (31)

development                                                                     

Business course good                                                       (21)

Terms of        without compliants, supplier feedback show no              (39)

payment         negative data                                                  

Business        The establishing of the busness connection is              (21)

connection      allowed                                                        

Number of       <table width="400"><tr><td>Duration</td><td>Queries</td></     

queries         tr><tr><td>4 weeks</td><td>0</td></tr><tr><td>4 - 8 weeks</    

                td><td>0</td></tr><tr><td>8 weeks - 12 months</td><td>3</td></ 

                tr></table>                                                    

Credit rating      According to the survey the non-payment risk

class                    status can be minimized in light of he solvency index.

                 Solvency index     Credit risk          Rating      No payment

                                                                   default risk

                                                                  within a year

                            000                            none         unknown

                        100-149            none       excellent           0,01%

                                                       solvency                

                        150-200         minimal       very good           0,22%

                                                       solvency                

                        201-250      acceptable   good solvency           0,49%

                        251-300      acceptable medium solvency           1,50%

                        301-350         average   poor solvency           3,56%

                        351-499             big             not           7,17%

                                                   satisfactory                

                                                       solvency                

                            500     significant        business                

                                                  relations not                

                                                    recommended                

                            600                    relations to                

                                                    be declined                

A. The enclosed balance of 2010 is originated from official source, it is      

authenticated by the auditor . (31.12.2010 - 1000000 HUF)                       

B. The enclosed balance of 2011 is originated from official source, it is      

authenticated by the auditor . (31.12.2011 - 1000000 HUF)                      

C. The enclosed balance of 2012 is originated from official source, it is      

authenticated by the auditor . (31.12.2012 - 1000000 HUF)                      

D. The enclosed balance of 2013 is originated from official source, it is      

authenticated by the auditor . (31.12.2013 - 1000000 HUF)                      

balance                              A           B           C           D

                           2010.12.31. 2011.12.31. 2012.12.31. 2013.12.31.

>FIXED ASSETS                 >283 050    >347 466    >324 074    >424 342

>Intangible assets             >32 786     >32 570     >33 775     >35 822

Capitalised value of                                                     0

fundantion and                                                            

restructuring costs                                                        

Capitalised value of            25 933      26 837      29 356      31 275

research and development                                                  

costs                                                                     

Consessions and similar          3 517       2 856       2 131       1 749

rights and assents                                                        

Intellectual property              740         930         988       2 147

Goodwill                         2 596       1 947       1 300         651

Advance payments on on                                                   0

intangible assets                                                         

Revaluation of intangible                                                0

assets                                                                    

>Tangible assets               >70 456     >95 577    >111 020    >117 675

Land and buildings and          25 899      30 220      33 615      39 344

related concessions and                                                   

similar rights                                                            

Technical equipment,            25 625      33 999      47 457      57 394

machinery and vehicles                                                     

Other equipment, fittings        1 190       1 284       1 303       1 727

and vehicles                                                              

Breeding stock                                                           0

Capital WIP, renovations        14 728      26 149      28 515      19 192

Advance payments on              3 014       3 925         130          18

Capital WIP                                                               

Revaluation of tangible                                                  0

assets                                                                    

>Financial investments        >179 808    >219 319    >179 279    >270 845

Long term investments in       169 011      24 073           5      94 960

related companies                                                         

Long term loans given to        10 614                                   0

related companies                                                         

Other long term                     29     194 980     178 983     174 722

investments                                                               

Long term loans given to                                                 0

other investees                                                            

Other loag term loans              154         266         291       1 163

given                                                                     

Securities representing                                                  0

long term loans                                                           

Revaluation of financial                                                 0

investments                                                               

>CURRENT ASSETS               >294 315    >409 152    >446 556    >544 341

>Inventories                   >47 958     >66 749     >84 789     >80 646

Raw materials and               25 220      39 176      49 512      33 870

consumables                                                                

Work in progress and semi-      16 006      19 524      22 784      22 208

finished products                                                         

Animals                                                                  0

Finished goods                   6 564       7 869      12 233      12 589

Goodss, services                   168         179         254      11 925

Advance payments on                              1           6          54

inventories                                                                

>Receivables                  >236 173    >329 939    >351 725    >453 226

Trade accounts receivable        1 614       2 396       2 489      13 910

Receivables from related       116 417     276 209     346 317     434 895

companies                                                                 

Receivables from other               1           1                       0

investees                                                                 

Bills of exchange                                                        0

receivable                                                                

Other receivables              118 141      51 333       2 919       4 421

Revaluation difference on                                                0

receivables                                                               

Revaluation difference (+                                                0

) on derivative                                                            

transactions                                                              

>Securities                     >6 277      >7 240      >6 643        >164

Investments in related           6 246       7 206       6 614           0

companies                                                                  

Other investments                                                        0

Own shares, own quotas                                                   0

Securities personifying             31          34          29         164

circulational credit                                                      

relation aim                                                              

>Liquid assets                  >3 907      >5 224      >3 399     >10 305

Cash in hand, cheques                2           1           3           5

Bank deposits                    3 905       5 223       3 396      10 300

>PREPAID EXPENSES AND           >1 702      >2 993     >13 261     >11 813

ACCRUED INCOME                                                             

Accrued income                   1 415       2 660      12 715      11 020

Prepaid expenses                   287         333         546         793

Deferred expenses                                                        0

>TOTAL ASSETS                 >579 067    >759 611    >783 891    >980 496

                                                              

>SHAREHOLDERS' EQUITY         >396 231    >464 493    >487 085    >534 214

Capital subscribed               4 390       4 390       4 390       4 539

thereof: treasure shares                                                 0

repurchased at face value                                                 

Issued but not paid                                                      0

capital (-)                                                               

Capital reserves                     9           9           9      37 685

Retained earnings from         304 506     364 995     430 737     439 351

previous years                                                            

Non-distributable reserves      25 933      26 837      29 356      31 245

Revaluation reserve                                                      0

Profit per balance-sheet        61 393      68 262      22 593      21 394

>PROVISIONS                     >2 359      >2 027      >2 340        >725

Provisions for expected          1 909       1 647       2 014         474

liabilities                                                                

Provisions for future              450         380         326         251

expenses                                                                  

Other provision                                                          0

>LIABILITIES                  >166 223    >271 292    >266 980    >417 828

>Subordinated liabilities                                   >0          >0

Subordinated liabilities                                                 0

to related companies                                                       

Subordinated liabilities                                                 0

to ither investees                                                        

Subordinated liabilities                                                 0

to other enterprises                                                      

>Long term liabilities         >86 818     >98 861     >35 504     >36 138

Long term credits                  101          71                       0

Convertible bonds                                                        0

Debts  on the issue of                                                   0

bonds                                                                     

Investment and                                                           0

development loans                                                         

Other long term loans           86 717      98 790      35 504      36 138

Long term liabilities to                                                 0

related companies                                                         

Long term liabilities to                                                 0

other investees                                                           

Other long term                                                          0

liabilities                                                               

>Short term liabilities        >79 405    >172 431    >231 476    >381 690

Short term loans                    26          30      54 952           0

thereof: convertible bonds                                               0

Short term credits                                                       5

Advance payments received                                    6           0

from customers                                                            

Trade accounts payable           7 402      13 577      10 131      11 925

Bills of exchange payable                                                0

Short term liabilities to       71 857     158 156     100 346     311 018

related companies                                                         

Short term liabilities to           57          40          27          27

other investees                                                            

Other short term                    63         628      66 014      58 715

liabilities                                                               

Revaluation difference on                                                0

liabilities                                                               

Revaluation difference                                                   0

(–) on derivative                                                         

transactions                                                               

>ACCRUED EXPENSES AND          >14 254     >21 799     >27 486     >27 729

DEFERRED INCOME                                                           

Deferred revenues                1 944                   1 583       1 283

Accrued expenses and            10 827      19 131      22 892      23 072

deferred income                                                           

Deferred income                  1 483       2 668       3 011       3 374

>TOTAL LIABILITIES AND        >579 067    >759 611    >783 891    >980 496

 

 

SHEREHOLDERS EQUITY                                                       

 

A. The enclosed profit and loss account of 2010 is originated from official    

source, it is authenticated by the auditor . (31.12.2010 - 1000000 HUF)        

B. The enclosed profit and loss account of 2011 is originated from official    

source, it is authenticated by the auditor . (31.12.2011 - 1000000 HUF)        

C. The enclosed profit and loss account of 2012 is originated from official    

source, it is authenticated by the auditor . (31.12.2012 - 1000000 HUF)        

D. The enclosed profit and loss account of 2013 is originated from official    

source, it is authenticated by the auditor . (31.12.2013 - 1000000 HUF)        

profit and loss account              A           B           C           D

                           2010.12.31. 2011.12.31. 2012.12.31. 2013.12.31.

Net domestic sales              13 811      21 438      14 913      12 098

revenues                                                                  

Net export sales revenues      111 561     134 687     173 525     138 626

>Net sales revenues           >125 372    >156 125    >188 438    >150 724

Change in self-                   -852       4 823       7 624        -314

manufactured inventories                                                  

Capitalised value of self-      10 358       8 265      14 935      13 255

manufactures assets                                                        

Capitalised value of own         9 506      13 088      22 559      12 941

performance                                                               

Other revenues                  20 349       6 648      16 895      72 055

of which: reversal of                            3          43           0

impairment loss provision                                                 

Cost of raw materials           48 937      68 506      85 819      74 747

Value of services used          25 347      24 156      27 101      28 992

Value of other services          1 126       1 273       1 951       2 116

Cost of goods sold               1 114         881       1 704       5 045

Value of recharged               3 171         784       1 487         873

services                                                                  

>Material type expenditure     >79 695     >95 600    >118 062    >111 773

Wages                            9 179      10 420      11 792      12 581

Other payments to                1 862       2 606       2 035       2 290

personnel                                                                 

Personnel related                2 860       3 351       3 748       3 952

contributions                                                              

>Payments to personnel         >13 901     >16 377     >17 575     >18 823

Deprecation change               8 778       7 039       8 521       9 704

Other expenses                  26 968      30 151      63 994      79 342

of which: impairment loss        4 540         774       6 487         387

provision                                                                 

TRADING PROFIT                  25 885      26 694      19 740      16 078

Dividend received                    9          47          11         720

of which: received from              9                                 709

related companies                                                         

Gain on sale of investment                               4 421       3 261

Given to associated                                      4 421       3 261

company                                                                   

Interest received and              381         184          10           6

gain on financial                                                         

transactions                                                              

of which: received from            315         176                       0

related companies                                                          

Other interest received          1 813       1 968       2 593       5 130

of which: received from          1 739       1 950       2 573       5 100

related companies                                                          

Other revenues from            125 851     111 637      90 673      49 322

financial transactions                                                    

Revenues from financial        128 054     113 836      97 708      58 439

transactions                                                              

Losst on financial                                                       0

investments                                                               

of which: given to                                                       0

related companies                                                         

Interest paid                    1 618       2 352       1 937       6 127

of which: given to                 156         514         383       5 494

related companies                                                         

Impairment loss of                   1                                   0

financial investment,                                                     

secunties and bank                                                         

deposits                                                                  

Other expenditures on           90 751      69 849      91 958      46 723

financial transactions                                                     

Expenditures of financial       92 370      72 201      93 895      52 850

transactions                                                              

FINANCIAL PROFIT                35 684      41 635       3 813       5 589

PROFIT FROM ORDINARY            61 569      68 329      23 553      21 667

BUSINESS                                                                  

Extraordinary revenues             162         219         193         278

Extraordinary expenditures          58          54         657         192

PROFIT ON EXTRAORDINARY            104         165        -464          86

EVENTS                                                                    

>NET PROFIT BEFORE             >61 673     >68 494     >23 089     >21 753

TAXATION                                                                  

Tax liability                      280         232         496         359

>AFTER TAX PROFIT              >61 393     >68 262     >22 593     >21 394

Dividends paid out of                                                    0

accumulated profit reserve                                                

Dividends paid (approved)                                                0

out of current year                                                        

profits                                                                   

>NET PROFIT PER BALANCE        >61 393     >68 262     >22 593     >21 394

SHEET                                                                      

                                                               

Ratios                                     2010    2011    2012    2013

                Equity ratio               0,68    0,61    0,62    0,54

                Cleared equity ratio       0,68    0,61    0,62    0,54

                Current liquidity          3,71    2,37    1,93    1,43

                Quick liquidity             3,1    1,99    1,56    1,21

                Working capital         214910000000 236721000000 215080000000 162651000000

                Gearing                    0,42    0,58    0,55    0,78

                Cleared gearing            0,22    0,21    0,19    0,07

                Profitability             49,19   43,87   12,25   14,43

                Operating profitability   20,65    17,1   10,48   10,67

                Stock days                  140     156     164     195

                Debtor days                 688     771     681    1098

                Supplier days              33,9   51,84   31,32   38,94

                equity ratio (%)          68,43   61,15   62,14   54,48

                Long term debt ratio        n/a     n/a     n/a     n/a

                (%)                                                     

                Leverage (%)              40,07   55,35   39,18   64,99

                Coverage of fixed           171     162     161     134

                assets (%)                                             

                Receivables turnover        344     651     676    1087

                ratio (day)                                            

                P/L after tax/Turnover    20,65    17,1   10,48   10,67

                (%)                                                    

                Return On Investment       0,05    0,04    0,03    0,02

                Interest cover               16   11,35   10,19    2,62

                Return On Equity (%)      15,49    14,7    4,64       4

                Return On Assets (%)       10,6    8,99    2,88    2,18

                Net income/Turnover (%)   48,97   43,72   11,99   14,19

                Change in Turnover (%)    18,78   24,53    20,7  -20,01

                Change in Net income       9,41   31,18     3,2   25,08

                (%)                                                    

                Debtors/Creditors          0,22    0,18    0,25    1,17

                Change in P/L before        604    3,13  -26,05  -18,55

                tax (%)                                                 

                Turnover                125372000000 156125000000 188438000000 150724000000

                Turnover/Employees      49300826 61394023 74100669 59270153

                Share capital           396231000000 464493000000 487085000000 534214000000

Advertisement         The database which was published in HVG on 09.11.2013 and

                   16.11.2013 of the ”TOP 500 Hungarian companies regarding the

                  revenues and after-tax profit” and another one which was also

                      published in HVG on 27.07.2013 of the ”TOP 50 The biggest

                   Hungarian companies regarding the revenues, export revenues,

                         after-tax profit, number of employees and equity” were

                     compiled. by examining the data of not

                 less than 8.500 companies (from official sources and the firms

                                                                   themselves).

Legal agreement This information is addressed exclusively to addresse. We don't assume responsibility for negligence referring to the content of this information.  On behalf of the objective information, please inform us if you have different observations.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.04

UK Pound

1

Rs.98.64

Euro

1

Rs.77.74  

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SMN

 

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.