MIRA
INFORM REPORT
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Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
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Name : |
ELTOSCH TORSTEN SCHMIDT
GMBH |
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Registered Office : |
Dreyerpfad 1 D 22415 |
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Country : |
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Financials (as on) : |
30.09.2009 |
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Date of Incorporation : |
21.01.1977 |
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Com. Reg. No.: |
HRB 101615 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other
electric equipment |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
10.000 EUR |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
ELTOSCH Torsten Schmidt GmbH
Company Status: active
Main address: Dreyerpfad 1
D 22415
Telephone:040/8400070
Telefax: 040/84000720
Homepage: www.eltosch.de
E-mail: info@eltosch.de
VAT no.
DE118546684
Registration data
LEGAL FORM Private
limited company
Date of foundation: 21.01.1977
Shareholders'
agreement: 21.01.1977
Registered on: 04.07.2007
Commercial Register: Local court 20355
under:
HRB 101615
Share capital
EUR 750.000,00
Shareholder
Dr. Hönle
Aktiengesellschaft
Lochhamer Schlag 1
D 82166 Gräfelfing
Legal form: Public
limited company
Share capital: EUR 5.432.500,00
Share: EUR 750.000,00
Registered on: 21.09.1999
Reg. data: 80797 München, HRB 127507
Manager
Ronny Müller
D 85551 Kirchheim
born: 18.01.1977
Manager:
Georg Herzan
D 61440 Oberursel
born: 29.09.1946
Proxy
Manfred Christoff Coordes
D 24558 Henstedt-Ulzburg
authorized to jointly
represent the company
born: 22.10.1957
Proxy:
Wolfgang Mohr
D 25469 Halstenbek
authorized to jointly
represent the company
born: 15.12.1946
Proxy:
Karsten Scheffel
D 42103
authorized to jointly
represent the company
born: 03.12.1973
COMPANY HISTORY
12.07.1978 -
07.08.2005 ELTOSCH Torsten
Schmidt GmbH
Hellgrundweg
105-107
D 22525
Private limited
company
07.08.2005 -
04.07.2007 ELTOSCH Torsten
Schmidt GmbH (bis
04.07.2007)
Niewisch
13
D 22848
Private limited
company
05.07.2007 - 17.03.2010 ELTOSCH Torsten
Schmidt GmbH
Essener
Str. 4 ,
D 22419
Private limited
company
BUSINESS ACTIVITIES
Sectors
27900 Manufacture of other electric equipment n.e.c.
71122 Engineering activities in the field of
technical sectoral
planning andengineering design
96090 Other service activities n. e. c.
FINANCIAL INFORMATION
Payment experience: within periods customary in this trade
Negative information:We have no negative information at hand.
Maximum credit: 10.000 EUR
Balance sheet year: 2008/2009
REAL ESTATE
Type of ownership: Tenant
Address Dreyerpfad
1
D 22415
Land register documents
were not available.
BANKERS
Principal bank
COMMERZBANK VORMALS
DRESDNER BANK,
Sort. code: 20080000,
BIC: DRESDEFF200
Further banks
COMMERZBANK VORMALS
DRESDNER BANK,
Sort. code: 48080020,
BIC: DRESDEFF480
COMMERZBANK VORMALS
DRESDNER BANK,
Sort. code: 20080000,
BIC: DRESDEFF200
DEUTSCHE BANK,
Sort. code: 20070000,
BIC: DEUTDEHHXXX
FINANCIAL FIGURES
Turnover: 2008/2009 EUR 12.705.266,00
Profit: 2008/2009 EUR -2.586.110,00
Employees: 28
- thereof permanent staff: 28
BALANCE SHEETS
Balance sheet ratios
2008/2009
Equity ratio [%]: -157,14
Liquidity ratio: 0,31
Return on total capital
[%]: -86,65
Balance sheet ratios 2008
Equity ratio [%]: -36,39
Liquidity ratio: 0,36
Return on total capital
[%]: -23,51
Balance sheet ratios 2007
Equity ratio [%]: -66,95
Liquidity ratio: 0,36
Return on total capital
[%]: -12,13
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: 01.10.2008 - 30.09.2009
ASSETS EUR 9.107.619,02
Fixed assets EUR 120.868,79
Intangible assets EUR 64.199,47
Concessions, licences, rights EUR 64.199,47
Tangible assets EUR 52.789,86
Plant / machinery EUR 2.631,00
Other tangible assets / fixtures and
fittings EUR 50.158,86
Financial assets EUR 3.879,46
Shares in participations /
subsidiaries and the like EUR 3.879,46
Shares in related companies EUR 3.879,46
Current assets EUR 3.509.124,81
Stocks EUR 450.037,72
Finished goods / work in progress EUR 450.037,72
Accounts receivable EUR 2.463.092,29
Trade debtors EUR 1.255.752,07
Amounts due from related companies EUR 751.504,39
Other debtors and assets EUR 455.835,83
Liquid means EUR 595.994,80
Remaining other assets EUR 5.477.625,42
Accruals (assets) EUR 10.737,06
Deficit not covered by shareholders'
equity EUR 5.466.888,36
LI
Shareholders' equity EUR 0,00
Capital EUR 750.000,00
Subscribed capital (share capital) EUR 750.000,00
Reserves EUR 2.000.000,00
Capital reserves EUR 2.000.000,00
Balance sheet profit/loss (+/-) EUR -8.216.888,36
Profit / loss brought forward EUR -5.630.778,19
Annual surplus / annual deficit EUR -2.586.110,17
Other shareholders' equity (+/-) EUR 5.466.888,36
Deficit not covered by shareholders'
equity EUR 5.466.888,36
Provisions EUR 746.660,54
Provisions for taxes EUR 142.498,63
Other / unspecified provisions EUR 604.161,91
Liabilities EUR 8.360.958,48
Other liabilities EUR 8.360.958,48
Trade creditors (for IAS incl. bills
of exchange) EUR 429.122,23
Liabilities from received advance
payments EUR 72.707,99
Liabililties due to related companiesEUR 7.569.611,62
Unspecified other liabilities EUR 289.516,64
thereof liabilities from tax /
financial authorities EUR 111.651,97
thereof liabilities from social
security EUR 325,36
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 12.705.265,93
Inventory change + own costs (+/-) EUR -876.261,58
Inventory change (+/-) EUR -876.261,58
Other operating income EUR 814.391,51
Cost of materials EUR 8.934.157,56
Raw materials and supplies, purchased
goods EUR 8.388.026,26
Purchased services EUR 546.131,30
Gross result (+/-) EUR 3.709.238,30
Staff expenses EUR 3.257.346,78
Wages and salaries EUR 2.743.911,00
Social security contributions and
expenses for pension plans and
benefits EUR 513.435,78
Total depreciation EUR 77.756,50
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 77.756,50
Other operating expenses EUR 3.198.590,43
Operating result from continuing
operations EUR -2.824.455,41
Interest result (+/-) EUR -236.633,57
Interest and similar income EUR 5.019,23
Interest and similar expenses EUR 241.652,80
thereof paid to related companies EUR 195.216,89
Financial result (+/-) EUR -236.633,57
Result from ordinary operations (+/-) EUR -3.061.088,98
Extraordinary income EUR 482.972,58
Extraordinary result (+/-) EUR 482.972,58
Income tax / refund of income tax (+/-)EUR 997,00
Other taxes / refund of taxes EUR -8.990,77
Tax (+/-) EUR -7.993,77
Annual surplus / annual deficit EUR -2.586.110,17
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 30.09.2008
ASSETS EUR 7.596.373,94
Fixed assets EUR 274.498,49
Intangible assets EUR 4.769,86
Concessions, licences, rights EUR 4.769,86
Tangible assets EUR 269.728,63
Land / similar rights EUR 242.655,00
Plant / machinery EUR 4.781,00
Other tangible assets / fixtures and
fittings EUR 22.292,63
Current assets EUR 4.429.015,38
Stocks EUR 1.904.782,79
Raw materials, consumables and
supplies EUR 676.330,70
Finished goods / work in progress EUR 1.212.847,59
Advance payments made EUR 15.604,50
Accounts receivable EUR 1.846.636,39
Trade debtors EUR 1.329.614,71
Amounts due from related companies EUR 405.807,24
Other debtors and assets EUR 111.214,44
Liquid means EUR 677.596,20
Remaining other assets EUR 2.892.860,07
Accruals (assets) EUR 12.081,88
Deficit not covered by shareholders'
equity EUR 2.880.778,19
LI
Shareholders' equity EUR 0,00
Capital EUR 750.000,00
Subscribed capital (share capital) EUR 750.000,00
Reserves EUR 2.000.000,00
Capital reserves EUR 2.000.000,00
Balance sheet profit/loss (+/-) EUR -5.630.778,19
Profit / loss brought forward EUR -4.522.514,69
Annual surplus / annual deficit EUR -1.108.263,50
Other shareholders' equity (+/-) EUR 2.880.778,19
Deficit not covered by shareholders'
equity EUR 2.880.778,19
Provisions EUR 610.761,10
Provisions for taxes EUR 80.000,00
Other / unspecified provisions EUR 530.761,10
Liabilities EUR 6.985.612,84
Other liabilities EUR 6.985.612,84
Trade creditors (for IAS incl. bills
of exchange) EUR 2.978.879,05
Liabilities from received advance
payments EUR 190.530,00
Liabililties due to related companiesEUR 3.467.102,65
Unspecified other liabilities EUR 349.101,14
thereof liabilities from tax /
financial authorities EUR 35.979,13
thereof liabilities from social
security EUR 591,65
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 14.342.078,58
Inventory change + own costs (+/-) EUR 198.834,24
Inventory change (+/-) EUR 198.834,24
Other operating income EUR 329.866,13
Cost of materials EUR 11.774.750,22
Raw materials and supplies, purchased
goods EUR 10.800.606,22
Purchased services EUR 974.144,00
Gross result (+/-) EUR 3.096.028,73
Staff expenses EUR 1.728.048,90
Wages and salaries EUR 1.471.231,35
Social security contributions and
expenses for pension plans and
benefits EUR 256.817,55
Total depreciation EUR 40.969,83
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 40.969,83
Other operating expenses EUR 2.198.772,73
Operating result from continuing
operations EUR -871.762,73
Interest result (+/-) EUR -234.430,77
Interest and similar income EUR 681,33
Interest and similar expenses EUR 235.112,10
thereof paid to related companies EUR 41.393,75
Financial result (+/-) EUR -234.430,77
Result from ordinary operations (+/-) EUR -1.106.193,50
Other taxes / refund of taxes EUR -2.070,00
Tax (+/-) EUR -2.070,00
Annual surplus / annual deficit EUR -1.108.263,50
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.84 |
|
|
1 |
Rs.69.32 |
|
Euro |
1 |
Rs.59.79 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.