MIRA INFORM REPORT

 

 

Report Date :

16.02.2011

 

IDENTIFICATION DETAILS

 

Name :

MELZER MASCHINENBAU GMBH

 

 

Registered Office :

Ruhrstr. 51-55, D 58332 Schwelm

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

02.01.1956

 

 

Com. Reg. No.:

HRB 5897

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Other Special-Purpose Machinery.

 

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 :

EUR 148.000

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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

 

Melzer Maschinenbau GmbH

 

Ruhrstr. 51-55

D 58332 Schwelm

Telephone:02336/9292-0

Telefax:  02336/9292-55

Homepage: www.melzermaschinenbau.de

E-mail:   info@melzergmbh.com

VAT no.:             DE811274249

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM           Private limited company

Date of foundation:  02.01.1956

Shareholders'

agreement:           10.04.1986

Registered on:       18.07.1986

Commercial Register: Local court 58097 Hagen

under:               HRB 5897

Share capital:                          EUR            102.258,38

 

 

Shareholder

 

Roland Melzer

Glatzer Weg 9

D 58332 Schwelm

born: 15.12.1939

Share: EUR 30.677,51

 

Shareholder:

Rainer Melzer

Kaiserstr. 24a

D 58332 Schwelm

born: 13.04.1935

Share:             EUR             30.677,51

 

Shareholder:

 

Franca Mebus

Drosselstr. 27

D 58332 Schwelm

born: 22.08.1971

Share:             EUR             10.225,84

 

Shareholder:

Andrea Ryppa-Melzer

Steinhauser Bergstr. 8

D 58332 Schwelm

born: 31.03.1967

Share:             EUR             10.225,84

 

 Shareholder:

Arndt Melzer

Klosterholzstr. 10c

D 58285 Gevelsberg

born: 08.07.1967

Share:             EUR             10.225,84

 

Shareholder:

Alexander Melzer

Ulmenstr. 9

D 58256 Ennepetal

born: 09.08.1969

Share:             EUR             10.225,84

 

 

Manager

 

Andrea Ryppa-Melzer

Steinhauser Bergstr. 8

D 58332 Schwelm

having sole power of representation

born: 31.03.1967

 

Manager:

Arndt Melzer

Klosterholzstr. 10c

D 58285 Gevelsberg

having sole power of representation

born: 08.07.1967

 

Manager:

Alexander Melzer

Ulmenstr. 9

D 58256 Ennepetal

having sole power of representation

born: 09.08.1969

 

 Further functions/participations of Andrea Ryppa-Melzer (Manager)

 

General partner:

 

R. Melzer OHG

Ruhrstr. 51-55

D 58332 Schwelm

Legal form: General Partnership

Registered

on:         26.02.1965

Reg. data:  58097 Hagen, HRA 4352

 

Further functions/participations of Arndt Melzer (Manager)

General partner:

R. Melzer OHG

Ruhrstr. 51-55

D 58332 Schwelm

Legal form: General Partnership

Registered

on:         26.02.1965

Reg. data:  58097 Hagen, HRA 4352

 

 Further functions/participations of Alexander Melzer (Manager)

 General partner:

R. Melzer OHG

Ruhrstr. 51-55

D 58332 Schwelm

Legal form: General Partnership

Registered

on:         26.02.1965

Reg. data:  58097 Hagen, HRA 4352

 

 

BUSINESS ACTIVITIES

 

 Sectors

 28990   Manufacture of other special-purpose machinery n.e.c.

 

 

FINANCIAL INFORMATION

 

 Payment experience     : cash discount/within agreed terms

 

 Negative information      : We have no negative information at hand.

 

 Maximum credit            : 148.000 EUR

REAL ESTATE

 

Type of ownership:   Tenant

Address              Ruhrstr. 51-55

                         D 58332 Schwelm

 

 Land register documents were not available.

 

 

 BANKERS

 

 DEUTSCHE BANK, SCHWELM

 Sort. code: 33070090, BIC: DEUTDEDWXXX

 STADTSPARKASSE GEVELSBERG, GEVELSBERG

 Sort. code: 45450050, BIC: WELADED1GEV

 

 

 FINANCIAL FIGURES

 

 Gross profit or loss                    : 2009               EUR          7.405.899,00

 Profit                                        : 2009               EUR             81.682,00

 Employees                               :                                                     65

 - thereof permanent staff            :                                                             60

 - Trainees                                 :                                                     1

 - Temporary workers                  :                                                 4

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 2009

 Equity ratio [%]:                                    76,36

 Liquidity ratio:                                       1,34

 Return on total capital [%]:                    1,20

 Euler Hermes Balance sheet                  2,1

 grade:

 

 Balance sheet ratios 2008

 Equity ratio [%]:                                     64,36

 Liquidity ratio:                                       3,21

 Return on total capital [%]:                    11,43

 Euler Hermes Balance sheet                  1,3

 grade:

 

 Balance sheet ratios 2007

 Equity ratio [%]:                                     68,12

 Liquidity ratio:                                       10,00

 Return on total capital [%]:                    17,44

 Euler Hermes Balance sheet                  1,0

 grade:

 

 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          6.807.436,09

  Fixed assets                           EUR             50.485,81

   Intangible assets                     EUR                  1,00

    Other / unspecified intangible assetsEUR                  1,00

   Tangible assets                       EUR             50.484,81

    Plant / machinery                    EUR                  2,00

    Other tangible assets / fixtures and

    fittings                             EUR             50.482,81

  Current assets                         EUR          6.676.632,48

   Stocks                                EUR          4.993.996,35

   Accounts receivable                   EUR          1.665.008,04

    Other debtors and assets             EUR          1.665.008,04

   Liquid means                          EUR             17.628,09

  Remaining other assets                 EUR             80.317,80

   Accruals (assets)                     EUR             80.317,80

 

 LIABILITIES                             EUR          6.807.436,09

  Shareholders' equity                   EUR          5.198.017,66

   Capital                               EUR            102.258,38

    Subscribed capital (share capital)   EUR            102.258,38

   Reserves                              EUR          4.000.000,00

    Retained earnings / revenue reserves EUR          4.000.000,00

   Balance sheet profit/loss (+/-)       EUR          1.095.759,28

    Profit / loss brought forward        EUR          1.014.077,50

    Annual surplus / annual deficit      EUR             81.681,78

  Provisions                             EUR            345.354,00

  Liabilities                            EUR          1.264.064,43

   Other liabilities                     EUR          1.264.064,43

    Unspecified other liabilities        EUR          1.264.064,43

     thereof liabilities from tax /

     financial authorities               EUR             63.550,27

     thereof liabilities from social

     security                            EUR              3.976,50

 

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

 Code (HGB)

  Gross result (+/-)                     EUR          7.405.899,46

  Staff expenses                         EUR          4.634.656,59

   Wages and salaries                    EUR          3.985.891,92

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            648.764,67

  Total depreciation                     EUR              9.121,82

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR              9.121,82

  Other operating expenses               EUR          2.634.867,35

  Operating result from continuing

  operations                             EUR            127.253,70

  Interest result (+/-)                  EUR                976,94

   Interest and similar income           EUR             18.897,98

   Interest and similar expenses         EUR             17.921,04

  Financial result (+/-)                 EUR                976,94

  Result from ordinary operations (+/-)  EUR            128.230,64

  Income tax / refund of income tax (+/-)EUR            -28.709,85

  Other taxes / refund of taxes          EUR            -17.839,01

  Tax (+/-)                              EUR            -46.548,86

  Annual surplus / annual deficit        EUR             81.681,78

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          7.949.761,21

  Fixed assets                           EUR             43.217,05

   Intangible assets                     EUR                  1,00

   Tangible assets                       EUR             43.216,05

    Plant / machinery                    EUR                  2,00

    Other tangible assets / fixtures and

    fittings                             EUR             43.214,05

  Current assets                         EUR          7.571.058,39

   Stocks                                EUR          4.283.062,94

   Accounts receivable                   EUR          1.693.664,44

   Liquid means                          EUR          1.594.331,01

  Remaining other assets                 EUR            335.485,77

   Accruals (assets)                     EUR            335.485,77

 

 LIABILITIES                             EUR          7.949.761,21

  Shareholders' equity                   EUR          5.116.335,88

   Capital                               EUR            102.258,38

    Subscribed capital (share capital)   EUR            102.258,38

   Reserves                              EUR          3.500.000,00

    Retained earnings / revenue reserves EUR          3.500.000,00

   Balance sheet profit/loss (+/-)       EUR          1.514.077,50

    Profit / loss brought forward        EUR            605.576,26

    Annual surplus / annual deficit      EUR            908.501,24

  Provisions                             EUR            711.660,00

  Liabilities                            EUR          2.121.765,33

   Other liabilities                     EUR          2.121.765,33

    Unspecified other liabilities        EUR          2.121.765,33

 

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

 Code (HGB)

  Gross result (+/-)                     EUR          9.872.701,79

  Staff expenses                         EUR          5.197.837,05

   Wages and salaries                    EUR          4.520.643,44

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            677.193,61

  Total depreciation                     EUR              7.218,52

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR              7.218,52

  Other operating expenses               EUR          3.322.913,41

  Operating result from continuing

  operations                             EUR          1.344.732,81

  Interest result (+/-)                  EUR              9.200,31

   Interest and similar income           EUR             27.124,31

   Interest and similar expenses         EUR             17.924,00

  Financial result (+/-)                 EUR              9.200,31

  Result from ordinary operations (+/-)  EUR          1.353.933,12

  Income tax / refund of income tax (+/-)EUR           -437.944,88

  Other taxes / refund of taxes          EUR             -7.487,00

  Tax (+/-)                              EUR           -445.431,88

  Annual surplus / annual deficit        EUR            908.501,24

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.45

UK Pound

1

Rs.72.90

Euro

1

Rs.61.43

 

 

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 Company

----

 

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.