Eurotech Sp. z o.o.

Assessment with 5A System: CBCNC

Place on the List of aviation sector: 5

Place on the 500’2009 List: 153

www.eurotech.com.pl

Established in: 2001

Company size: small

Address: 39–300 Mielec, 3 Wojska Polskiego Str.Zobacz na mapie

Voivodship: Subcarpathian

Type of business: suppliers and subcontractors

Description of business activity: EUROTECH Sp. z o.o. company provides technologically advanced equipment and spare pars for the industry. It designs and manufacturers speciaized equipment and systems, including unmanned aerial vehciles (UAV), digital control and registration systems, equipment and supplies for the oil mining. The company is based on the ground of special Economic Zone - Euro Park Mielec and is a member of the entrepreneurs society SGPPL Aviation Valley. The company is also an investor in research and development. In 2008 it took the 97th position in ranking of largest investors in research and development provided by MSN Scientific Network coordinated by INE PAN and in 2009 – it took the 468th position.

Shareholders:: Janusz Michalcewicz – 90,0%, Tomasz Cieśla – 10,0%

Financial data (thousand PLN)
2004 2005 2006 2007 2008 2009
Net revenues from sales 9 163 10 724 9 896 17 462
Net financial result
(profit/loss)
943 953 585 672
Capitalized value of R&D expenses 68 62
Intangible assets 17 5 80 165
Total assets 3 337 5 483 15 422 7 582
Equity 1 786 2 328 2 394 3 213

Description of innovative activity: According to the 5A System, the company level of market innovation is highly rated and that of process innovation – very highly rated. At a high level there are expenditures on innovative activity and the company’s ability of financing acquisition of innovative projects from the European funds. The company assessment with 5A System is CBCNC.

Company status: innovative company, member of the Aviation Valley, investor in research and development.

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