CREDIT REPORT


© Coface Czechia Credit Management Services spol. s. r. o.
email: office@coface.cz
11.12.2005 14:03

COMPANY REPORTED: ŠKODA AUTO A.S.

This firm is not located in the area of floods.

Principal Address:
třída Václava Klementa 869
293 01 Mladá Boleslav
CZECHIA
Tel: +420-326811111
Fax: +420-326721328
Email: communikations@skoda-auto.cz
Internet: www.skoda-auto.cz

Branch:
517 02 Kvasiny
CZECHIA

Branch:
543 01 Vrchlabí
CZECHIA

Branch production:
Václava Klementa 869 /SOU,OU,SOŠ,VOŠ/
293 01 Mladá Boleslav
CZECHIA

National ID: 00177041
VAT number: 048-00177041

Information valid on: 11.12.2005

ESTABLISHED: 1894

REGISTRATION: No. B 332
20.11.1990
Praha, CZECHIA

LEGAL FORM: joint stock company

CAPITAL: CZK 16.708.850.000,00

HISTORY: 1990 - established as ŠKODA, automobilová a. s.

The name of company was changed on ŠKODA AUTO, a. s. in 1998.

SHAREHOLDERS: VOLKSWAGEN A.G.
REGISTRATION: GERMANY
Wolfsburg, Berliner Ring 2
Shareholder
EQUITY: 100%

MANAGEMENT: Ing. Vratislav Kulhánek - Chairman of the executive board
CZ, 370 01, České Budějovice, Janáčkova 5

Dr. Helmuth Wolfgang Schuster - Member of the executive board
CZ, 74538, Rosengarten-Westheim, Berghofring 10

Karl-Guenter Buesching - Member of the executive board
CZ, 150 00, Praha 5, U Nesypky 6

Willi Detlef Schmidt - Member of the executive board
DE, 38440, Wolfsburg, Albert-Schveitzer-Strasse 11

Winfried Vahland - Member of the executive board
BR, Sao Paulo, Rua Antonio Gontijo 175

Detlef Ernst Wittig - Chairman of the supervisory board
DE, 38442, Wolfsburg, Hohongeissstrasse. 8

Dipl. Ing. Ferdinand Piech - Member of the supervisory board
DE, Schwuelper, Braunschweiger Str. 63

Dr. Folker Weissgerber - Member of the supervisory board
DE, Wolfsburg, Leiblstr. 20

Ing. Jan Miller - Member of the supervisory board
CZ, 294 71, Benátky nad Jizerou, Na Burze 604

Ing. Jan Uhlíř - Member of the supervisory board
CZ, 190 00, Praha 9, Chotěnovská 634

Jaroslav Povšík - Member of the supervisory board
CZ, 293 01, Mladá Boleslav, Lukášova 56

Jens Neumann - Member of the supervisory board
DE, Wolfsburg, Hegeberg 6

Dr. Peter Hartz - Member of the supervisory board
DE, Volfsburg, Planckstr. 27

Dr. Robert Buechelhofer - Member of the supervisory board
DE, Starnbert, Am Fuchsengraben 1

Ing. Václav Petříček - Member of the supervisory board
CZ, 180 00, Praha 8, Slancova 14

SUBJECT OF OPERATION: NACE
  3410 Manufacture of motor vehicles
  34 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS
  501 Sale of motor vehicles
  502 Maintenance and repair of motor vehicles
  511 Wholesale on a fee or contract basis

EXPORTS:

WORLD
80%

FINANCIALS:

Amounts shown in Czech Koruna (CZK)  2002 2001 2000 1999

BALANCE SHEET
ASSETS
BALANCE SHEET SUM 68.479.271.000,00 66.610.615.000,00 66.660.977.000,00 55.610.324.000,00
FIXED ASSETS 44.174.652.000,00 45.008.183.000,00 39.174.741.000,00 33.687.219.000,00
Intangible assets 846.020.000,00 213.761.000,00 223.302.000,00 309.402.000,00
Tangible fixed assets 42.616.317.000,00 44.088.949.000,00 38.229.431.000,00 32.648.475.000,00
Financial fixed assets 712.315.000,00 705.473.000,00 722.008.000,00 729.342.000,00
CURRENT ASSETS 23.957.316.000,00 20.708.074.000,00 26.802.482.000,00 21.362.401.000,00
Stocks /inventories/ 8.546.481.000,00 7.517.274.000,00 9.014.089.000,00 7.702.590.000,00
Short-term receivables 15.322.949.000,00 11.989.295.000,00 16.945.579.000,00 11.998.388.000,00
Financial assets 87.886.000,00 1.201.505.000,00 842.814.000,00 1.661.423.000,00
Other assets 347.303.000,00 894.358.000,00 683.754.000,00 560.704.000,00

LIABILITIES
BALANCE SHEET SUM 68.479.271.000,00 66.610.615.000,00 66.660.977.000,00 55.610.324.000,00
Equity capital 29.526.994.000,00 28.157.444.000,00 26.032.625.000,00 22.700.302.000,00
Called up share capital (issued capital stock) 16.708.850.000,00 16.708.850.000,00 16.708.850.000,00 16.708.850.000,00
Liabilities 29.735.390.000,00 32.052.848.000,00 37.433.811.000,00 29.027.069.000,00
Reserves 4.020.013.000,00 3.812.742.000,00 4.284.200.000,00 4.948.709.000,00
Long-term liabilities 10.000.000.000,00 10.000.000.000,00 10.000.000.000,00 9.033.297.000,00
Short-term liabilities 12.715.377.000,00 16.240.106.000,00 18.299.611.000,00 12.045.063.000,00
Bank credits 3.000.000.000,00 2.000.000.000,00 4.850.000.000,00 3.000.000.000,00
Other liabilities 9.216.887.000,00 6.400.323.000,00 3.194.541.000,00 3.882.953.000,00

PROFIT & LOSS
Turnover   162.823.785.000,00 147.301.876.000,00 117.588.486.000,00
Turnover /sales,revenue/   153.270.780.000,00 136.283.237.000,00 110.408.873.000,00
Operating result - profit 3.038.192.000,00 5.877.917.000,00 5.222.292.000,00 5.251.165.000,00
Profit 1.546.655.000,00 2.128.937.000,00 3.336.313.000,00 2.637.274.000,00

Economic data of 2002 are as of 30.9.2002

1999-2001 - The balance sheet data are from official sources and were audited
2002 - The balance sheet data are from official sources

FINANCIAL DATA: Investmens 1999 - 2003 - cca 65 000 000 000,- CZK


WORKFORCE:
2002 2001 2000 1999
24.000 21.394 22.588 22.008

REAL ESTATE: built upon
 ADDRESS: třída Václava Klementa 869, 293 01 Mladá Boleslav, CZECHIA
 SHARE: 100%

RELATED FIRMS: shareholder of
e4t electronics for transportation s.r.o. , CZECHIA

shareholder of
ŠKODA /INDIA/, Pvt. Ltd. , INDIA , National ID: CZ63349

shareholder of
Škoda Auto BH, djl , YUGOSLAVIA

shareholder of
Škoda Auto Deutschland , GERMANY

shareholder of
SKODA AUTO POLSKA S.A. , POLAND , National ID: 35409

shareholder of
ŠKODA AUTO Slovensko, s.r.o. , SLOVAKIA , National ID: 31347215

shareholder of
ŠKODA IMMO, spol. s r. o. , CZECHIA , National ID: 65152

shareholder of
SKO-ENERGO FIN, spol. s r.o. , CZECHIA , National ID: 57999

shareholder of
ŠKO-ENERGO, s.r.o. , CZECHIA , National ID: 61675938

BANKERS: Komerční banka,a.s. - Account no. -
Mladá Boleslav


DATES: date of validity: 06.02.2003
date of last record maintenance: 06.02.2003

CONTACT WITH COMPANY: Name and surname:Mrs.Neumannová
Function:assistant of financial manager
Information given in report has been confirmed.
Information given in report comes from external sources.

PAYMENT MORALE: 200: Payments are sometimes made using cash discounts or according to conditions.

CREDIT RATING: 200: Financial situation is good.

DEBT COLLECTION: EUR 462,41 (09.12.1999)
Status: open (17.10.2002)
ATS 16.328,00 (04.03.1998)
Status: closed negative (30.11.2000)

MAXIMUM CREDIT: EUR 2.500.000,00

Coface Intercredit Group defined a Maximum Credit of EUR 2.500.000 as the general upper limit for a suppliers’ credit. The Maximum Credit computed for the company in question would exceed this upper limit.

Maximum Credit is to be understood as the highest possible engagement for a supplier delivering goods or rendering services on open terms with an average respite of 60 days. (It is assumed that, on the average, the company in question has 5 suppliers, who deliver goods or render services at the same time.)



PAYMENT MORALE
CREDIT RATING
100-149
Payments are made very correctly.
Financial situation is excellent.
150-199
Payments are made correctly.
Financial situation is very good.
200-249
Payments are sometimes made using cash discounts or according to conditions.
Financial situation is good.
250-299
Payments are made within net agreements.
Financial situation is satisfactory.
300-349
As a rule payments are made on time according to conditions, in some cases there have been delays and reminders.
Financial situation is average.
350-399
Payments are made irregularly, sometimes according to agreements. In several cases reminders have been necessary.
Financial situation is average, increased use of external capital.
400-449
Payments are made very slowly.
Overall financial situation is still average.
450-499
Payments are made very slowly. collection procedures cannot be ruled out.
Financial situation is temporarily critical.
500-549
Payments are made very slowly, reminders are often necessary. There have also been collection procedures.
Financial situation is critical.
550-599
Payments are made very slowly. There have been frequent collection procedures.
Financial situation is very critical.
600-699
Payments are made extremely slowly. There have been frequent collection procedures.
High risk of bankruptcy.

End of document.