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 2009

PROFIT AND LOSS ACCOUNT 2009

BALANCE SHEET  as at December 31, 2009				in TCZK
	TOTAL ASSETS			140 081
I.	Fixed Assets
		1.	Software	744
		2.	Land	11 829
		3.	Buildings	16 332
		4.	Movable Assets and Equipment	23 087
		5.	Other Chattel	144
		6.	Uncompleted Investment	203
	Total Fixed Assets			52 339
II.	Current Assets
		1.	Inventory	24 138
			1.1 Raw Material	21 967
			1.2 Finished Products	2 441
			1.3 Merchandise	0
		2.	Current Receivables	30 947
			2.1 Recevables from Trading	30 031
			2.2 Recevables from State	207
			2.3 Other Receivables	709
		3.	Current Liquid Assets	32 207
			3.1 Cash	113
			3.2 Money in Banks	32 094
	Total Current Assets			87 292
III.	Deferred Charges and Prepaid Expences			450
	LIABILITIES			140 081
I.	Capital
		1.	Original Capital	97 000
		2.	Legal Reserves	9 700
		3.	Net Profit	7 771
		4.	Retained Earnings	1
	Total Capital			114 472
II.	Sources of Credit
		1.	Legal Reserve	2 500
		2.	Deferred Incom Taxes	1 315
		3.	Short Term Liabilities	21 763
			3.1 Trade Accounts Payable	13 767
			3.2 Obligation to social and health insurance	2 058
			3.3. Obligation to state	1 632
			3.4 Other Liabilities	4 306
	Total Sources of Credit			25 578
III.	Deferred Charges			31

Personnel   as at 1.4.2010