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Focus on the Credit of Emerging Markets

International Credit Report


Your Reference No. :

Not Supplied

Crediteyes No. :

569-917-688

Report Date:

2015/11/27

Type of Inquiry:

Super-flash

Number of Pages:

Company Details
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:

healthcare.hu@celltrion.com

Note:
Subjects accurate name and complete address are as above.

Credit Summary
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 shall
not 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.
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Focus on the Credit of Emerging Markets

Risk Analysis:

Poor creditworthiness

Company Identification Details


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

History
EUR 9,514.00 since 01.01.2015
Capital Changed from:

HUF 3,000,000.00 since 05.05.2014


HUF 500,000.00 since 10.05.2010

Corporate Structure
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not 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.
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Crediteyes International Credit & Collection Co., Ltd.

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Focus on the Credit of Emerging Markets

Related Company:
Name

Deloitte Knyvvizsgl s Tancsad Kft.

Address:

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

Registration: No.:

0109071057

Registered Date:

1990-12-11

Branches:
Address:

Rkospalotai hatrt 2, 1158 Budapest, Hungary

Shareholders
Name:

Celltrion Healthcare Co. Ltd.

% of shares:

100%

Address:

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

Management Information
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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This report is furnished only for reference use in business decision-making and for no other purpose. Information contained in the report shall
not 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.
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Crediteyes International Credit & Collection Co., Ltd.

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Focus on the Credit of Emerging Markets

Position:

Managing director (signature right)

Address:

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


Korea

Operation
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.

Balance Sheet
Unit: HUF/ 000

FIXED ASSETS
Intangible assets
Tangible assets
Financial investments

2014.12.31

2013.12.31

2012.12.31

2011-12-31

199

254

310

365

199

254

310

365

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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 shall
not 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: info@crediteyes.com

Focus on the Credit of Emerging Markets

CURRENT ASSETS

30,876,625

24,989,488

3,263

4,787

Inventories

30,111,718

23,320,084

708,383

1,316

974

529

56,524

1,668,088

2,289

4,258

PREPAYMENTS

2,237

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

-7,469

390

12

-32

3,000

500

500

500

Subscribed capital unpaid

Capital reserve

Accumulated profit reserve

98,829

-12,390

-10,022

-48

Tied-up reserve

15,460

15,460

15,460

-2,314,051

111,219

-2,368

-9,974

33,070,879

24,871,537

13,806

Subordinate liabilities

Long term liabilities

15,587,084

12,896

Short term liabilities

33,070,879

9,284,453

910

4,944

3,416

868

30,879,061

24,989,742

3,573

5,152

Receivables
Securities
Cash and cash equivalents

(USD/ 000)
Subscribed capital

Revaluation reserve
Profit/Loss per balance
sheet
PROVISIONS
LIABILITIES

ACCRUALS
TOTAL LIABILITIES &
EQUITY

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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 shall
not 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.
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Crediteyes International Credit & Collection Co., Ltd.

E-mail: info@crediteyes.com

Focus on the Credit of Emerging Markets

TOTAL LIABILITIES &

104,989

84,965

12

18

EQUITY (USD/ 000)


(As of 2015.11, 1 HUF=0.0034 USD)

Profit / Loss Account


Unit: HUF/ 000
2014

2013

2012

2011

14,222,587

14,970,549

9,201

2,039

1,500

3,837

1,534

6,368

219

56

55

18

13

-752,018

-9,269

-3,631

-7,888

107,058

128,168

1,616

1,668,877

27

350

2,088

-1,561,819

128,141

1,266

-2,086

ORDINARY PROFIT

-2,313,837

118,872

-2,365

-9,974

Extraordinary income

Extraordinary expense

EXTRAORDINARY PROFIT

Net sales revenue


Value of capitalised own
performance
Other income
Material type expenses
Personnel type expenses
Depreciation and
amortization
Other expenses
OPERATING ( TRADING )
RESULT
Financial income
Expenses on financial
transactions (financial
expenditures)
RESULT OF FINANCIAL
ACTIVITIES

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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 shall
not 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: info@crediteyes.com

Focus on the Credit of Emerging Markets

PROFIT BEFORE TAX

-2,313,837

118,872

-2,365

-9,974

214

7,653

PROFIT AFTER TAX

-2,314,051

111,219

-2,368

-9,974

PROFIT AFTER TAX

-7,868

378

-8

-34

Tax charge

(USD/ 000)
(As of 2015.11, 1 HUF=0.0034 USD)

Financial Ratios
2014

2013

2012

211

Current ratio

0.93

2.69

1,087.67

5.26

Quick ratio

0.02

0.18

1,087.67

5.26

-0.02

0.00

-1,210.33

-8.67

-7.11

0.46

99.92

-184.82

107.10

99.53

0.08

267.97

-73,225.40

22,957.80

714

-1,904.40

-0.07

0.00

-771

-0.72

-7.49

0.45

-66.27

-193.59

105.34

96.89

-66.33

104.75

LIQUIDITY

Dynamic Liquidity
INDEBTNESS
Financial standing
Debt Ratio (%)
Percent shareholder
equity increase
Dynamic indebtedness
PROFITABILITY
Return on assets
(ROA)
Return on equity (ROE)
ACTIVITY

!7

This report is furnished only for reference use in business decision-making and for no other purpose. Information contained in the report shall
not 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: info@crediteyes.com

Focus on the Credit of Emerging Markets

Payables turnover (in

806.31

368,310.55

0.54

221.43

Cash liquidity index

0.17

17.97

76.3

467.91

Percent receivables

2.14

0.01

32,466.67

58.13

91.22

269.14

76.3

467.91

-15.05

216.67

0.00

-1.45

-1,103,900.50

45,192.52

1,151.61

-2,608.77

days)
OTHERS

Percent current assets


Total liabilities to Net
worth
Covering of fixed
assets
Recovery index of
assets
Financial note:

Financials obtained from an official source.

Bankers
1
Name

BNP PARIBAS Magyarorszgi Fiktelepe

Account No.:

13100007-02510090-00433489

2
Name

BNP PARIBAS Magyarorszgi Fiktelepe

Account No.:

13100007-02510090-00438408

3
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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 shall
not 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: info@crediteyes.com

Focus on the Credit of Emerging Markets

Name

BNP PARIBAS Magyarorszgi Fiktelepe

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
Name

KDB Bank Eurpa Zrtkren Mkd


Rszvnytrsasg

Account No.:

13597539-12302010-00060506

Address:

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

7
Name

KDB Bank Eurpa Zrtkren Mkd


Rszvnytrsasg

Account No.:

13597539-12302010-00060513

Address:

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

Auditor
1
Name

Deloitte Knyvvizsgl s Tancsad Kft.

Address:

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


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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 shall
not 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.
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Crediteyes International Credit & Collection Co., Ltd.

E-mail: info@crediteyes.com

Focus on the Credit of Emerging Markets

2
Name

DR. HRUBY Attila

Address:

srepl utca 21. 2. p, 1174 Budapest, Hungary

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:

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

---------

End of Report

----------

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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 shall
not 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: info@crediteyes.com