MIRA INFORM
REPORT
|
Report Date : |
15.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
ELEKTROKERAMIK SONNEBERG GMBH |
|
|
|
|
Registered Office : |
Werkringstr. 11,
D 96515 Sonneberg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
30.04.1996 |
|
|
|
|
Com. Reg. No.: |
HRB 303866 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer 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 |
a16 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Elektrokeramik
Sonneberg GmbH
Main address:
Werkringstr. 11
D 96515 Sonneberg
Telephone: 03675/8730
Telefax: 03675/873-205
Homepage: www.keramverband.de
E-mail: EKS@ppcinsulators.com
Tax ID number
171/125/01452
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 07.03.1996
Begin of business
activities: 05.1996
Shareholders'
agreement: 07.03.1996
Registered on: 30.04.1996
Commercial Register: Local court 07745 Jena
under: HRB
303866
Share capital: EUR
4,090,335.05
Shareholder
Severs Austria
GmbH
A 1160 Wien
Legal form:
Private limited company
Share: EUR 4,090,335.05
Manager
Ivan Kosalko
SR Nitra
having sole power
of representation
born: 30.06.1956
Nationality:
Slovakian
Proxy
Michael Börner
D 96528 Schalkau
authorized to
jointly represent the company
born: 24.08.1979
Proxy:
Martin Langbein
D 96242 Sonnefeld
authorized to
jointly represent the company
born: 13.05.1964
Proxy:
Bernd Gieseler
D 96524 Neuhaus-Schierschnitz
COMPANY HISTORY
30.04.1996 - 06.01.1997 Sonneberg Isolatoren GmbH (HRB 3866 AG
Meiningen)
Malmerzer Str. 90
D 96515 Sonneberg
Private limited
company
06.01.1997 - 05.02.1997 Elektrokeramik Sonneberg GmbH (HRB 3866
AG Meiningen)
Malmerzer Str. 90
D 96515 Sonneberg
Private limited
company
1998 - 26.10.1998 Elektrokeramik Sonneberg GmbH
Werkringstr. 11
D 96515 Sonneberg
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
29.01.2004 - 19.04.2011 Manager
Manfred Brückner
D 96524
Neuhaus-Schierschnitz
29.01.2004 - 21.07.2010 Manager
Karl-Heinz
Truckenbrodt
D 96515 Sonneberg
BUSINESS ACTIVITIES
Sectors
23490
Manufacture of other ceramic products
PARTICIPATIONS
Shareholder:
Cera System
Verschleißschutz GmbH
Heinrich-Hertz-Str. 2-4
D 07629 Hermsdorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 511,291.88
Share: EUR 484,704.70
Reg. data: 14.05.1996
Local court 07745 Jena
HRB 205935
FINANCIAL INFORMATION
Payment experience: within agreed terms
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 Werkringstr.
11
D 96515 Sonneberg
Value at selling price: EUR 7,500,000.00
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, SONNEBERG, THÜR
Sort. code: 78340091, BIC: COBADEFF783
Further banks
COMMERZBANK, COBURG
Sort. code: 78340091, BIC: COBADEFF783
UNICREDIT BANK - HYPOVEREINSBANK, COBURG
Sort. code: 78320076, BIC: HYVEDEMM480
FINANCIAL FIGURES
Turnover:
2009 EUR 32,082,391.00
2010 EUR 22,000,000.00
Profit:
2009 EUR 2,115,499.00
further business figures:
Equipment: EUR 1,121,427.00
Ac/ts receivable: EUR 23,353,986.00
Liabillities: EUR 18,128,405.00
Real estate of the firm: EUR 2,150,806.00
Total numbers of vehicles: 4
- Passenger cars:
1
Employees:
245
- thereof permanent staff: 234
- Trainees:
5
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 51.20
Liquidity ratio: 1.29
Return on total capital [%]: 4.93
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 55.93
Liquidity ratio: 1.07
Return on total capital [%]: 14.14
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 42,948,090.83
Fixed assets EUR 15,771,975.72
Intangible
assets EUR 24,733.44
Concessions, licences, rights
EUR 24,733.44
Tangible
assets EUR 8,331,432.21
Land /
similar rights EUR 2,150,806.43
Plant /
machinery EUR 4,997,653.67
Other
tangible assets / fixtures and
fittings
EUR 1,121,427.13
Advance
payments made / construction
in
progress
EUR 61,544.98
Financial
assets EUR 7,415,810.07
Shares in
participations /
subsidiaries and the like
EUR 7,188,571.93
Shares in
related companies EUR 7,188,570.93
Shares in
investee companies EUR 1.00
Securities
included in fixed assets EUR 227,238.14
Current
assets EUR 27,037,132.22
Stocks EUR 3,680,951.80
Raw
materials, consumables and
supplies
EUR 727,286.20
Finished
goods / work in progress EUR 2,953,665.60
Accounts
receivable EUR 23,353,986.89
Trade
debtors EUR 4,031,858.81
Amounts due
from related companies EUR 18,844,188.08
Other
debtors and assets EUR 477,940.00
Liquid
means EUR 2,193.53
Remaining
other assets EUR 138,982.89
Accruals
(assets) EUR 138,982.89
LIABILITIES EUR 42,948,090.83
Shareholders'
equity EUR 21,995,685.28
Capital EUR 4,090,335.05
Subscribed
capital (share capital) EUR 4,090,335.05
Reserves
EUR 15,789,851.35
Capital reserves EUR 15,396,104.77
Retained
earnings / revenue reserves EUR
393,746.58
Balance
sheet profit/loss (+/-) EUR 2,115,498.88
Annual
surplus / annual deficit EUR 2,115,498.88
Provisions EUR 2,824,000.00
Provisions
for taxes EUR 1,273,000.00
Other /
unspecified provisions EUR 1,551,000.00
Liabilities EUR 18,128,405.55
Financial
debts EUR 13,148,401.15
Liabilities
due to banks EUR 13,148,401.15
Other
liabilities EUR 4,980,004.40
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 1,561,675.99
Liabilities
from received advance
payments
EUR 96,715.42
Liabililties due to related companiesEUR 2,569,648.14
Unspecified
other liabilities EUR 751,964.85
thereof
liabilities from tax /
financial
authorities EUR 229,060.09
thereof
liabilities from social
security
EUR 2,456.66
Guarantees and
other commitments EUR 196,000.00
Sureties /
lendings of
creditworthiness
EUR 196,000.00
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 32,082,391.22
Inventory
change + own costs (+/-) EUR 189,803.12
Inventory
change (+/-) EUR 129,204.82
Capitalised
own costs EUR 60,598.30
Other
operating income EUR 1,848,095.03
Cost of
materials EUR 17,201,997.33
Raw
materials and supplies, purchased
goods EUR 11,662,707.04
Purchased
services EUR 5,539,290.29
Gross result
(+/-) EUR 16,918,292.04
Staff
expenses EUR 8,685,332.96
Wages and
salaries EUR 7,149,045.48
Social
security contributions and
expenses for
pension plans and
benefits
EUR 1,536,287.48
Total
depreciation EUR 1,216,651.09
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 1,216,651.09
Other
operating expenses EUR 4,000,970.52
Operating
result from continuing
operations EUR 3,015,337.47
Interest
result (+/-) EUR -76,800.63
Interest and
similar income EUR 764,614.11
thereof
from related companies EUR 763,708.25
Interest and
similar expenses EUR 841,414.74
thereof
paid to related companies EUR 65.27
Other
financial result EUR 9,429.00
Income from
securities and loans from
financial
assets EUR 9,429.00
Financial
result (+/-) EUR -67,371.63
Result from
ordinary operations (+/-) EUR 2,947,965.84
Income tax /
refund of income tax (+/-)EUR
-771,631.63
Other taxes /
refund of taxes EUR -60,835.33
Tax
(+/-) EUR
-832,466.96
Annual
surplus / annual deficit EUR 2,115,498.88
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2008 - 31.12.2008
ASSETS EUR 19,658,584.81
Fixed
assets EUR 8,475,272.13
Intangible
assets EUR 38,435.96
Concessions, licences, rights
EUR 38,435.96
Tangible
assets EUR 8,209,597.03
Land /
similar rights EUR 1,502,803.52
Plant /
machinery EUR 4,034,866.99
Other
tangible assets / fixtures and
fittings
EUR 1,113,203.74
Advance
payments made / construction
in
progress
EUR 1,558,722.78
Financial
assets EUR 227,239.14
Shares in
participations /
subsidiaries and the like
EUR 1.00
Shares in
investee companies EUR 1.00
Securities
included in fixed assets EUR 227,238.14
Current
assets EUR 11,180,494.95
Stocks EUR 3,785,425.87
Raw
materials, consumables and
supplies
EUR 914,475.47
Finished
goods / work in progress EUR 2,870,950.40
Accounts
receivable EUR 7,393,013.23
Trade
debtors EUR 569,123.64
Amounts due
from related companies EUR 5,786,229.89
Other
debtors and assets EUR 1,037,659.70
Liquid
means EUR 2,055.85
Remaining
other assets EUR 2,817.73
Accruals
(assets) EUR 2,817.73
LIABILITIES EUR 19,658,584.81
Shareholders'
equity EUR 8,226,990.78
Capital EUR 4,090,335.05
Subscribed
capital (share capital) EUR 4,090,335.05
Reserves
EUR 4,136,655.73
Capital
reserves EUR 3,742,909.15
Retained
earnings / revenue reserves EUR
393,746.58
Provisions EUR 1,741,200.00
Other /
unspecified provisions EUR 1,741,200.00
Liabilities EUR
9,690,394.03
Financial
debts EUR 3,412,454.95
Liabilities
due to banks EUR 3,412,454.95
Other
liabilities EUR 6,277,939.08
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 2,358,717.69
Liabilities
from received advance
payments
EUR 278,480.49
Liabililties due to related companiesEUR 3,029,753.86
Unspecified
other liabilities EUR 610,987.04
thereof
liabilities from tax /
financial
authorities EUR 216,374.25
thereof
liabilities from social
security
EUR 0.00
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 30,057,632.76
Inventory
change + own costs (+/-) EUR 492,812.03
Inventory
change (+/-) EUR 365,188.47
Capitalised
own costs EUR 127,623.56
Other
operating income EUR 406,542.91
Cost of
materials EUR 16,566,819.97
Raw
materials and supplies, purchased
goods EUR 10,554,125.66
Purchased
services EUR 6,012,694.31
Gross result
(+/-) EUR 14,390,167.73
Staff
expenses EUR 8,271,458.60
Wages and
salaries EUR 6,802,603.32
Social
security contributions and
expenses for
pension plans and
benefits
EUR 1,468,855.28
Total
depreciation EUR 1,062,545.00
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 1,062,545.00
Other
operating expenses EUR 2,105,165.71
Operating
result from continuing
operations EUR 2,950,998.42
Result from
participating interests
(+/-) EUR 43,798.45
Expenses /
income from participations EUR
43,798.45
Income from
related companies EUR 43,798.45
Interest
result (+/-) EUR -180,919.27
Interest and
similar income EUR 389,238.67
thereof
from related companies EUR 371,212.30
Interest and
similar expenses EUR 570,157.94
thereof
paid to related companies EUR 116,318.08
Other
financial result EUR 8,286.25
Income from
securities and loans from
financial
assets EUR 8,286.25
thereof
related companies EUR 0.00
Financial
result (+/-) EUR -128,834.57
Result from
ordinary operations (+/-) EUR 2,822,163.85
Expenses for
transfer of profits to a
parent
company EUR 2,777,137.37
Income tax /
refund of income tax (+/-)EUR
-9,503.15
Other taxes /
refund of taxes EUR -35,523.33
Tax
(+/-) EUR -45,026.48
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.53 |
|
UK Pound |
1 |
Rs.71.80 |
|
Euro |
1 |
Rs.63.15 |
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 |
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.