Profile in Brief

• Business Results
• Personnel
• Quality Control System

Polymer Institute Brno (PIB), formerly known as the Research Institute of Macromolecular Chemistry (RIMC) has long been the research base of the applied research in the field of polymers.

The present shape of the Institute is a result of its almost 50 years´ evolution. Being for many years a state-sponsored organisation, the interests of RIMC were very broad - although always directed at areas more industrial than academic. However, the Institute has long cooperated closely with a number of universities and academic institutions at home and abroad.

Having a long tradition in Ziegler-Natta catalyst research and polymer stabilisation, the position of the Institute became quite clear-cut, particularly after the building of polyolefin production plants in Chemopetrol Litvinov in early seventies. Since then activities have been focused mainly on polyolefin catalyst research, new resin grades development, post-reactor modification of polymers (reactive compounding, reactive extrusion, polymer alloys, fillers), new formulations of additives (stabilisers, colour concentrates, antistatics, etc.) and trouble-shooting.

In 1994, in the course of the second privatisation wave in the Czech Republic, the Institute became a limited liability company with the status of an independent contract research organisation in which a German firm Consil VBmbH and a Czech petrochemical holding Unipetrol, a.s. had their capital share. In 2004, Chemopetrol, a.s. bought out the whole share from both owners and the Institute thus became a daughter company of the biggest petrochemical complex in the country. After the privatization of Unipetrol an ownership interconnection was created with Unipetrol Orlen Group. Thus, Polymer Institute Brno, spol. s r.o is now owned by Unipetrol RPA, s.r.o. and Unipetrol a.s. (99:1 ownership ratio).

The present funding of the Institute is based mainly on the revenues from contract research activities and small scale production. Although the predominant volume of research contracts come from the majority owner, the Institute is open to accepting projects from other domestic and foreign customers. The second important financial resource, i.e. small scale production, is oriented mostly at specialist areas in which the Institute has its own know-how (e.g. tailor-made additivation concentrates and colour masterbatches). The Institute has also been involved marginally in trade activities, and offers services in the field of information retrieval and consulting.

Business Results 2010

PROFIT AND LOSS ACCOUNT 2010

BALANCE SHEET  as at December 31, 2010				in TCZK
	TOTAL ASSETS			157 572
I.	Fixed Assets
		1.	Software	1 486
		2.	Land	11 829
		3.	Buildings	15 707
		4.	Movable Assets and Equipment	25 724
		5.	Other Chattel	144
	Total Fixed Assets			54 890
II.	Current Assets
		1.	Inventory	39 030
			1.1 Raw Material	34 625
			1.2 Finished Products	4 143
			1.3 Merchandise	0
			1.4 Merchandise	262
		2.	Current Receivables	38 563
			2.1 Receivables from Trading	37 673
			2.2 Receivables from State	222
			2.3 Other Receivables	668
		3.	Current Liquid Assets	24 770
			3.1 Cash	216
			3.2 Money in Banks	24 554
	Total Current Assets			102 363
III.	Deferred Charges and Prepaid Expences			319
	LIABILITIES			157 572
I.	Capital
		1.	Original Capital	97 000
		2.	Legal Reserves	9 700
		3.	Net Profit	13 326
		4.	Retained Earnings	1
	Total Capital			120 027
II.	Sources of Credit
		1.	Legal Reserve	5 000
		2.	Deferred Incom Taxes	1 605
		3.	Short Term Liabilities	30 573
			3.1 Trade Accounts Payable	20 631
			3.2 Obligation to employees	5 138
			3.3 Obligation to social and health insurance	2 832
			3.4 Obligation to state	1 422
			3.5 Other Liabilities	550
	Total Sources of Credit			37 178
III.	Deferred Charges			367

Personnel   as at 1.4.2011