 Company description |
Metalimex a.s. is a joint stock company registered in the Registrar of Companies at the District Commercial Court in Prague, Czech Republic, on 28 November 1989.
The Company engages primarily in
. the purchase of goods for resale and sale based on a free trade licence;
. mediation activities in the area of investments, trade and industry;
. mediation in the field of transportation;
. customs declaration services;
. operation of warehouses;
. bookkeeping;
. technical-administration work.
| Corporate profile |
The joint stock company Metalimex is a trading company operating on the domestic, and more importantly foreign markets for 50 years, continuously maintaining its position as one of the Czech Republic's largest trading companies. During 1998, business activities with OKD, a.s. including trading in coal and coke assisted the Company with further growth.
The Company has traded on four continents whereas its most important trading countries are Austria, Germany, Poland and Italy.
During 1998 the Company had business trading with more than 500 customers.
Recognition of success is acknowledged by achieving top placement in the following:
 "CZECH TOP 100" |
| - sales |
1996 - 19th position |
| 1997 - 22nd position |
| - trading sector |
1996 - 5th position |
| 1997 - 6th position |
Czech 100 Best, third consecutive year to be included with this year being particularly special by placing 2nd in Exporter of the Year survey.
Placed 1st in a survey of the most admired companies in the Czech Republic in 1997 in the trading sector.
Ranked among the 100 largest firms in central Europe by Deloitte & Touche, audit and consulting firm, in 1996.
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| Company position |
The Company's market position, strength and stability are best reflected by production turnover. Sales from business trading in 1998 were 8.9 billion CZK which comprised of export 75%, import 12%, re-export 8% and domestic 5%. The largest sales were to the European Union, 62%, followed by domestic and other European countries sales. Domestic sales declined in favour of increased sales to the European Union. Lower sales generated by the metals division also contributed to the decline in domestic sales. Traded commodities comprise of solid fuels 68%, electricity 16% and metals 15%. Solid fuels sales can be further separated into black coal 44%, brown coal 17% and coke 7%. The Company's two main commercial divisions, fuels and metals, generate substantially all sales.
| Projected business developments for 1999 |
The business plan for 1999 is based on projected trade activity developments with respect to individual commodities, the margin on these activities and expenses of overhead centres. It is expected that the Company will achieve sales of 14.6 billion CZK, an increase of 5.7 billion CZK from 1998, and a trading result comparable to that of 1998. This will be possible because of the expected growth in the export of black coal and coke produced by OKD, a.s. whereas the metals division activity is expected to become stable. The Company also intends to reduce the level of employees to minimize overhead expenses while at the same increasing productivity.
| Plan for traded commodities |
When preparing the business plan for traded commodities all factors, such as prices and margins, were considered.
| The following underlining assumptions were used in the preparation of the business plan |
substantial growth is expected from the export of black coal and coke produced by OKD, a.s. as well as from additional export of coal produced by CMD, a.s.
import of black coal as permitted under the import licenses for 1999
re-export of Ukrainian, Russian and Polish black coal to Slovakia
export of brown coal to Germany is expected to remain at the same level as in prior year whereas a slight decline is anticipated in the minor markets, particularly in Hungary.
metals division volume of business activity is expected to remain the same as in prior year however a decline in world prices of non-ferrous metals is foreseen.
growth in aluminium and zinc alloys trading is projected
trading in copper wiring with cable producers may be expected
| Personnel and payroll |
Further staff reductions are anticipated to accompany the restructuring of commercial divisions associated particularly with different projections of expected activities of both divisions. |
