MIRA INFORM REPORT

 

 

Report Date :

30.08.2011

 

IDENTIFICATION DETAILS

 

Name :

ROSENTHAL GMBH

 

 

Registered Office :

Philip-Rosenthal-Platz 1 D 95100 Selb

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

21.11.2008

 

 

Com. Reg. No.:

HRB 4617

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other ceramic products

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

250,000 EUR

Status :

Satisfactory

Payment Behaviour :

Regular

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Rosenthal GmbH

 

Company Status:      active

 

Main address:       

Philip-Rosenthal-Platz 1

D 95100 Selb

Telephone:09287/72-0

Telefax:  09287/72-225

Homepage: www.rosenthal.de

E-mail:   info@rosenthal.de

 

 

VAT no.           

 

DE265984380

 

 

Tax ID number      

 

223/136/70507

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         21.11.2008

Shareholders'

agreement:                    21.11.2008

Registered on:               08.01.2010

Commercial Register:     Local court 95030 Hof

under:                            HRB 4617

 

 

Share capital                        

 

EUR             25,000.00

 

 

Shareholder

 

Arcturus S.P.A.

I  Mailand

Legal form: Other legal form

Share:             EUR             25,000.00

 

Manager:

Pierluigi Coppo

I  Mailand

having sole power of representation

born: 26.04.1948

Nationality: Italian

 

Proxy:

Martin Bauer

D 95100 Selb

having sole power of representation

born: 10.03.1961

 

Proxy:

Gianluca Colonna

I  Mailand

having sole power of representation

born: 29.05.1972

Nationality: Italian

 

 

COMPANY HISTORY

 

04.12.2008 - 14.07.2009  AB 33/08 Vermögensverwaltungs GmbH

                         Ganghoferstr. 33

                         D 80339 München

                         Private limited company

14.07.2009 - 08.01.2010  Rosenthal GmbH (AG München, HRB 176516)

                         Ganghoferstr. 33

                         D 80339 München

                         Private limited company

08.01.2010 - 2010        Rosenthal GmbH

                         Philip-Rosenthal-Platz 1

                         D 95100 Selb

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

23490   Manufacture of other ceramic products

31099   Manufacture of other furniture n.e.c.

46441   Wholesale of ceramics and glassware

46495   Wholesale of nonelectric domestic appliances, metal and

other household goods n.e.c.

 

BRANCHES AND FACTORIES

 

Branch:

Rosenthal GmbH

Goethestr. 1

D 60313 Frankfurt

TEL.: 069/288590

FAX.: 069/288247

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

Negative information:We have no negative information at hand.

 

Maximum credit:      250,000 EUR

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Philip-Rosenthal-Platz 1

                     D 95100 Selb

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, SELB

Sort. code: 78040081, Account no.: 785542200, BIC: COBADEFF780

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR         43,992,089.00

Profit:              2009               EUR          1,928,158.00

Equipment:                              EUR          1,719,977.00

Ac/ts receivable:                       EUR         10,423,929.00

Liabillities:                           EUR         20,246,501.00

Total numbers of vehicles:                                     73

Employees:                                                  1,027

- thereof permanent staff:                                    907

- Trainees:                                                     9

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 26.37

Liquidity ratio:                   1.82

Return on total capital [%]:       3.39

Balance sheet grade:                2.9

 

Equity ratio

The equity ratio indicates the portion of the equity as compared

to the total capital. The higher the equity ratio, the better the

economic stability (solvency) and thus the financial autonomy of

a company.

 

Liquidity ratio

The liquidity ratio shows the proportion between adjusted

receivables and net liabilities. The higher the ratio, the lower

the company's financial dependancy from external creditors.

 

Return on total capital

The return on total capital shows the efficiency and return on

the total capital employed in the company. The higher the return

on total capital, the more economically does the company work

with the invested capital.

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR         71,239,250.58

 Fixed assets                           EUR         34,553,356.63

  Intangible assets                     EUR         28,750,001.00

   Concessions, licences, rights        EUR         28,750,001.00

  Tangible assets                       EUR          5,803,353.03

   Land / similar rights                EUR          2,085,550.57

   Plant / machinery                    EUR          1,883,708.00

   Other tangible assets / fixtures and

   fittings                             EUR          1,719,977.00

   Advance payments made / construction

   in progress                          EUR            114,117.46

  Financial assets                      EUR                  2.60

   Shares in participations /

   subsidiaries and the like            EUR                  2.60

    Shares in related companies         EUR                  2.60

 Current assets                         EUR         36,685,893.95

  Stocks                                EUR         21,787,312.27

   Raw materials, consumables and

   supplies                             EUR          1,364,523.95

   Finished goods / work in progress    EUR         20,311,646.85

   Advance payments made                EUR            111,141.47

  Accounts receivable                   EUR         10,423,929.41

   Trade debtors                        EUR          8,376,506.38

   Amounts due from related companies   EUR          1,276,709.06

   Other debtors and assets             EUR            770,713.97

  Liquid means                          EUR          4,474,652.27

 

LIABILITIES                             EUR         71,239,250.58

 Shareholders' equity                   EUR         16,928,157.92

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Reserves                              EUR         14,975,000.00

   Capital reserves                     EUR         14,975,000.00

  Balance sheet profit/loss (+/-)       EUR          1,928,157.92

   Annual surplus / annual deficit      EUR          1,928,157.92

 Items between shareholders' equity and

 debt capital                           EUR          4,791,667.00

  Special items with reserve funds      EUR          4,791,667.00

 Provisions                             EUR          4,547,924.23

  Provisions for taxes                  EUR          1,027,950.00

  Other / unspecified provisions        EUR          3,519,974.23

 Liabilities                            EUR         20,246,501.43

  thereof total due to shareholders     EUR         10,047,926.43

  Other liabilities                     EUR         20,246,501.43

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR          3,822,372.03

   Liabilities from received advance

   payments                             EUR             52,318.81

   Liabililties due to related companiesEUR         10,092,025.82

   Unspecified other liabilities        EUR          6,279,784.77

    thereof liabilities from tax /

    financial authorities               EUR          1,522,299.04

    thereof liabilities from social

    security                            EUR             15,643.19

 Other liabilities                      EUR         24,725,000.00

 

Profit and loss account (cost-summary method) according to Comm.

Code (HGB)

 Sales                                  EUR         43,992,088.89

 Inventory change + own costs (+/-)     EUR           -185,346.30

  Inventory change (+/-)                EUR           -276,897.00

  Capitalised own costs                 EUR             91,550.70

 Other operating income                 EUR          3,453,289.23

 Cost of materials                      EUR         12,949,651.89

  Raw materials and supplies, purchased

  goods                                 EUR         10,596,085.98

  Purchased services                    EUR          2,353,565.91

 Gross result (+/-)                     EUR         34,310,379.93

 Staff expenses                         EUR         14,951,739.91

  Wages and salaries                    EUR         12,542,836.92

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          2,408,902.99

 Total depreciation                     EUR          1,728,349.46

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR          1,728,349.46

 Other operating expenses               EUR         14,476,015.27

 Operating result from continuing

 operations                             EUR          3,154,275.29

 Result from participating interests

 (+/-)                                  EUR                  2.93

  Expenses / income from participations EUR                  2.93

   Income from related companies        EUR                  2.93

 Interest result (+/-)                  EUR           -168,045.66

  Interest and similar income           EUR              3,022.87

  Interest and similar expenses         EUR            171,068.53

   thereof paid to related companies    EUR            130,670.90

 Financial result (+/-)                 EUR           -168,042.73

 Result from ordinary operations (+/-)  EUR          2,986,232.56

 Income tax / refund of income tax (+/-)EUR           -900,527.84

 Other taxes / refund of taxes          EUR           -157,546.80

 Tax (+/-)                              EUR         -1,058,074.64

 Annual surplus / annual deficit        EUR          1,928,157.92

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.87

UK Pound

1

Rs.75.14

Euro

1

Rs.66.68

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.