celltrion healthcare hungary korlatolt felelossegu tarsasag 2

7/24/2019 Celltrion Healthcare Hungary Korlatolt Felelossegu Tarsasag 2

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Focus on the Credit of Emerging Markets

International Credit Report

Company Details

Note:

Subjects accurate name and complete address are as above.

Credit Summary

Your Reference No. : Not Supplied

Crediteyes No. : 569-917-688

Report Date: 2015/11/27

Type of Inquiry: Super-flash

Number of Pages: 8

Company Name: CELLTRION HEALTHCARE HUNGARY KORLATOLT

FELELOSSEGU TARSASAG

Name in English: Celltrion Healthcare Hungary Limited Liability Company

Supplied Name: CTHC Hungary KFT

Trading Address: Bajcsy-Zsilinszky ut 12. IV. em. 410, 1051 Budapest,

Budapest, Hungary

Supplied Address: N/A

E-mail: [email protected]

Credit Rating: N/A

Credit Opinion: Due to operation with loss, further development should

be monitored.

Risk Score: 360 Points

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This report is furnished only for reference use in business decision-making and for no other purpose. Information contained in the report shallnot be released to the third party unless otherwise agreed upon by CREDITEYES. CREDITEYES shall not be liable for any loss or damage

arising out of the use of any of the information contained herein.

www.crediteyes.com Crediteyes International Credit & Collection Co., Ltd. E-mail: [email protected]
mailto:[email protected]:[email protected]://www.crediteyes.com/


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Company Identification Details

History

Corporate Structure

Risk Analysis: Poor creditworthiness

Operating Status: Active

National ID: 22671224

Registered Number: 0109938326

International VAT Number: HU22671224

VAT Number: 22671224-2-41

Legal Form: Limited Liability Company

Date Founded: 2010-4-6

Date Incorporated: 2010-5-10

Registered Capital: EUR 9,514.00 (USD 10,095)(As of 2015.11, 1 EUR=1.0611 USD)

Listed at Stock Exchange: No

Staff: 4 Employees

Capital Changed from:

EUR 9,514.00 since 01.01.2015

HUF 3,000,000.00 since 05.05.2014

HUF 500,000.00 since 10.05.2010

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mailto:[email protected]://www.crediteyes.com/


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Related Company:

Branches:

Shareholders

Management Information

Name Deloitte Knyvvizsgl s Tancsad Kft.

Address: Dzsa Gy. u. 84/c, 1068 Budapest, Hungary

Registration: No.: 0109071057

Registered Date: 1990-12-11

Address: Rkospalotai hatrt 2, 1158 Budapest, Hungary

Name: Celltrion Healthcare Co. Ltd.

% of shares: 100%

Address: Songdo-dong 4F 13-3, 406 Yeonsu-gu, Incheon, Korea

1

Name: SEONG JIN Kim

Position: Managing director (signature right)

Address: Suwon-si, Yeongtong-gu, Central Town-ro 22 beon-gil

36

6007-902 Gyeonggi-do, Korea

2

Name: SEUNG SUH Hong

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Operation

Balance Sheet

Unit: HUF/ 000

Position: Managing director (signature right)

Address: Seocho-gu, Hyoryeong-ro 33 gil 50, 107-703 Seoul,

Korea

Activities

NACE 4646 Wholesale of pharmaceutical goods

NACE codes given are based on the most recent NACE Revision 2.

The company is active in the sector 'Mineral products, chemicals, petroleum, plastics,

pharmaceuticals and glass'.

The inventories of the company stores by Celltrion Healthcare Co. Ltd.

The material will be transported to a third country where the primary packaging (filling)

conduct, then the products transfer to Hungary, where the secondary packaging

(labeling, cartoning) happens. In both cases, the packing done by subcontractors.

The product obtained is expected to be sold in 2015 in the European Union.

Premises

Location: Located at above address.

2014.12.31 2013.12.31 2012.12.31 2011-12-31

FIXED ASSETS 199 254 310 365Intangible assets 0 0 0 0

Tangible assets 199 254 310 365

Financial investments 0 0 0 0

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CURRENT ASSETS 30,876,625 24,989,488 3,263 4,787

Inventories 30,111,718 23,320,084 0 0

Receivables 708,383 1,316 974 529

Securities 0 0 0 0

Cash and cash equivalents 56,524 1,668,088 2,289 4,258

PREPAYMENTS 2,237 0 0 0

TOTAL ASSETS 30,879,061 24,989,742 3,573 5,152

OWNER'S EQUITY -2,196,762 114,789 3,570 -9,522

OWNER'S EQUITY

(USD/ 000)

-7,469 390 12 -32

Subscribed capital 3,000 500 500 500

Subscribed capital unpaid 0 0 0 0

Capital reserve 0 0 0 0

Accumulated profit reserve 98,829 -12,390 -10,022 -48

Tied-up reserve 15,460 15,460 15,460 0

Revaluation reserve 0 0 0 0

Profit/Loss per balance

sheet

-2,314,051 111,219 -2,368 -9,974

PROVISIONS 0 0 0 0

LIABILITIES 33,070,879 24,871,537 3 13,806

Subordinate liabilities 0 0 0 0

Long term liabilities 0 15,587,084 0 12,896

Short term liabilities 33,070,879 9,284,453 3 910

ACCRUALS 4,944 3,416 0 868

TOTAL LIABILITIES &

EQUITY

30,879,061 24,989,742 3,573 5,152

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(As of 2015.11, 1 HUF=0.0034 USD)

Profit / Loss Account

Unit: HUF/ 000

TOTAL LIABILITIES &

EQUITY (USD/ 000)

104,989 84,965 12 18

2014 2013 2012 2011

Net sales revenue 0 0 0 0

Value of capitalised own

performance

14,222,587 0 0 0

Other income 1 1 0 0

Material type expenses 14,970,549 9,201 2,039 1,500

Personnel type expenses 3,837 0 1,534 6,368

Depreciation and

amortization

219 56 55 18

Other expenses 1 13 3 2

OPERATING ( TRADING )

RESULT

-752,018 -9,269 -3,631 -7,888

Financial income 107,058 128,168 1,616 2

Expenses on financial

transactions (financial

expenditures)

1,668,877 27 350 2,088

RESULT OF FINANCIAL

ACTIVITIES

-1,561,819 128,141 1,266 -2,086

ORDINARY PROFIT -2,313,837 118,872 -2,365 -9,974

Extraordinary income 0 0 0 0

Extraordinary expense 0 0 0 0

EXTRAORDINARY PROFIT 0 0 0 0

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(As of 2015.11, 1 HUF=0.0034 USD)

Financial Ratios

PROFIT BEFORE TAX -2,313,837 118,872 -2,365 -9,974

Tax charge 214 7,653 3 0

PROFIT AFTER TAX -2,314,051 111,219 -2,368 -9,974

PROFIT AFTER TAX

(USD/ 000)

-7,868 378 -8 -34

2014 2013 2012 211

LIQUIDITY

Current ratio 0.93 2.69 1,087.67 5.26

Quick ratio 0.02 0.18 1,087.67 5.26

Dynamic Liquidity -0.02 0.00 -1,210.33 -8.67

INDEBTNESS

Financial standing -7.11 0.46 99.92 -184.82

Debt Ratio (%) 107.10 99.53 0.08 267.97

Percent shareholder

equity increase

-73,225.40 22,957.80 714 -1,904.40

Dynamic indebtedness -0.07 0.00 -771 -0.72

PROFITABILITY

Return on assets(ROA)

-7.49 0.45 -66.27 -193.59

Return on equity (ROE) 105.34 96.89 -66.33 104.75

ACTIVITY

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Financial note:

Financials obtained from an official source.

Bankers

Payables turnover (in

days)

806.31 368,310.55 0.54 221.43

OTHERS

Cash liquidity index 0.17 17.97 76.3 467.91

Percent receivables 2.14 0.01 32,466.67 58.13

Percent current assets 91.22 269.14 76.3 467.91

Total liabilities to Net

worth

-15.05 216.67 0.00 -1.45

Covering of fixed

assets

-1,103,900.50 45,192.52 1,151.61 -2,608.77

Recovery index of

assets

0 0 0 0

1

Name BNP PARIBAS Magyarorszgi Fiktelepe

Account No.: 13100007-02510090-00433489

2


Account No.: 13100007-02510090-00438408

3

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Auditor


Account No.: 13100007-02510090-00439784

4

Name Citibank Europe plc. Magyarorszgi Fiktelepe

Account No.: 10800007-10000000-11000029

Address: 1051 Budapest, Szabadsg tr 7.

5

Name Citibank Europe plc. Magyarorszgi Fiktelepe

Account No.: 10800007-80000000-11000002

Address: 1051 Budapest, Szabadsg tr 7.

6

NameKDB Bank Eurpa Zrtkr!en M!kd"

Rszvnytrsasg

Account No.: 13597539-12302010-00060506

Address: 1054 Budapest, Bajcsy-Zs. t 42-46.

7

NameKDB Bank Eurpa Zrtkr!en M!kd"

Rszvnytrsasg

Account No.: 13597539-12302010-00060513

Address: 1054 Budapest, Bajcsy-Zs. t 42-46.

1

Name Deloitte Knyvvizsgl s Tancsad Kft.

Address: Dzsa Gy. u. 84/c, 1068 Budapest, Hungary

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Credit Index Explanation

The credit index is in fact the number of risky points. The lower credit index is, the higher

is the creditworthiness of the company. The following table can be used for evaluation of

the creditworthiness of a company:

--------- End of Report ----------

2

Name DR. HRUBY Attila

Address: #srepl"utca 21. 2. p, 1174 Budapest, Hungary

100 150 risky points Very good creditworthiness

151 250 risky points Good creditworthiness

251 320 risky points Average creditworthiness

321 400 risky points Poor creditworthiness

401 500 risky points Insufficient creditworthiness

501 600 risky points Business connection is rejected

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celltrion healthcare hungary korlatolt felelossegu tarsasag 2

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