MIRA
INFORM REPORT
|
Report Date : |
10.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
DORST TECHNOLOGIES GMBH & CO. KG |
|
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|
|
Registered Office : |
Mittenwalder Str. 61 D 82431
Kochel Post Box 1 09 |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
01.07.1950 |
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|
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Com. Reg. No.: |
HRA 42101 |
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|
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|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
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|
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Line of Business : |
Manufacture of metal forming 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 : |
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 |
Name and address
Dorst Technologies GmbH & Co. KG
Main
address:
Mittenwalder Str. 61
D 82431 Kochel
Post Box:
1 09
Telephone:08851/188-0
Telefax:
08851/188-310
Homepage: www.dorst.de
E-mail:
welcome@dorst.de
VAT no.
DE127546411
Registration data
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 01.07.1950
Registered on: 01.07.1950
Register of
companies: Local court 80797 München
under: HRA 42101
Total cap. contribution
EUR 11,850,000.00
Limited partner
Manfred Dorst
Herzogstandweg 32
D 82431 Kochel
born: 20.10.1935
Share: EUR 11,850,000.00
General
partner:
Dorst Technologies Verwaltungs GmbH
Mittenwalder Str. 61
D 82431 Kochel
Legal form: Private limited company
Share capital: EUR 260,000.00
Registered on: 18.12.1972
Reg. data: 80797 München, HRB 45221
Shareholder:
Manfred Dorst
Herzogstandweg 32
D 82431 Kochel
born: 20.10.1935
Share: EUR 260,000.00
Manager:
Manfred Dorst
Herzogstandweg 32
D 82431 Kochel
having sole power of representation
born: 20.10.1935
Profession: graduate engineer
Marital status: married
Proxy
Thomas Lambrecht
D 82418 Murnau
Proxy:
Rudolf Kraus
D 82431 Kochel
born: 25.02.1941
Proxy:
Walter Rau
D 82439 Großweil
born: 21.02.1960
Proxy:
Klaus Backer
D 82431 Kochel
authorized to jointly represent the company
born: 03.03.1962
COMPANY HISTORY
01.07.1950 - 03.03.1999
Dorst-Maschinen- und Anlagen-Bau Otto
Dorst u.
Dipl. Ing. Walter Schlegel GmbH
& Co.
Mittenwalder Str. 61
D 82431
Kochel
Ltd partnership with priv. ltd.
company
as
general partner
03.03.1999 - 03.05.2004 Dorst-
Maschinen- und Anlagen- Bau GmbH
& Co.
Mittenwalder Str. 61
D 82431 Kochel
Ltd
partnership with priv. ltd. company
as
general partner
03.05.2004 - 07.06.2004 Dorst
Technologies GmbH & Co. KG
Mittenwalder Str. 61
D 82431 Kochel
Ltd
partnership with priv. ltd. company
as
general partner
BUSINESS ACTIVITIES
Sectors
28410 Manufacture of metal
forming machinery
28990 Manufacture of other
special-purpose machinery n.e.c.
BRANCHES AND FACTORIES
Branch:
Dorst Technologies GmbH & Co. KG
Pfingstreiterstr. 35
D 93444 Bad Kötzting
TEL.: 09941/9445-0
FAX.: 09441/9445-135
FINANCIAL INFORMATION
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Maximum credit: 250,000 EUR
Balance sheet year: 2009/2010
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Mittenwalder
Str. 61
D 82431 Kochel
Real Estate of: Dorst
Technologies Verwaltungs GmbH
Type of ownership: Tenant
Address Mittenwalder
Str. 61
D 82431
Kochel
Land register documents were not available.
BANKERS
Principal bank
UNICREDIT BANK - HYPOVEREINSBANK, KOCHEL A. SEE
Sort. code: 70025175, BIC: HYVEDEMM643
Further banks
DEUTSCHE BANK, MÜNCHEN
Sort. code: 70070010, Account no.: 1672120, BIC: DEUTDEMMXXX
SPARKASSE IM LANDKREIS CHAM, CHAM, OBERPF
Sort. code: 74251020, BIC: BYLADEM1CHM
POSTBANK (GIRO), MÜNCHEN
Sort. code: 70010080, Account no.: 99 15, BIC: PBNKDEFF700
BHF-BANK, MÜNCHEN
Sort. code: 70220200, BIC: BHFBDEFF700
FINANCIAL FIGURES
Turnover: 2008/2009 EUR 50,363,562.00
2009/2010 EUR 33,626,595.00
Profit: 2008/2009 EUR 786,644.00
2009/2010 EUR 35,656.00
further
business figures:
Employees: 393
-
Trainees:
44
BALANCE SHEETS
Balance
sheet ratios 01.04.2009 - 31.03.2010
Equity
ratio [%]: 36.26
Liquidity
ratio: 8.81
Return
on total capital [%]: 0.08
Balance
sheet grade: 2.7
Balance
sheet ratios 01.04.2008 - 31.03.2009
Equity
ratio [%]: 34.05
Liquidity
ratio: 1.91
Return
on total capital [%]: 1.61
Balance
sheet grade: 2.6
Balance
sheet ratios 01.04.2007 - 31.03.2008
Equity
ratio [%]: 33.99
Liquidity
ratio: 1.92
Return
on total capital [%]: 4.29
Balance
sheet grade: 2.5
Balance
sheet ratios 01.04.2006 - 31.03.2007
Equity
ratio [%]: 30.88
Liquidity
ratio: 1.47
Return
on total capital [%]: 4.44
Balance
sheet grade: 2.6
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.
Balance sheet grade
The balance sheet grade is based on the following ratios: equity
ratio, liquidity ratio and return on total capital from the
balance sheets published in the Federal Gazette. It is calculated
in accordance with the methodology of Euler Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
Type
of balance
sheet: Company balance sheet
Financial
year: 01.04.2009 - 31.03.2010
ASSETS EUR 46,228,719.70
Fixed assets EUR 7,184,466.75
Intangible assets EUR 255,444.67
Concessions, licences, rights EUR
255,444.67
Tangible assets EUR 6,169,393.72
Land / similar rights EUR 5,639,418.63
Plant / machinery EUR 202,510.87
Other tangible assets / fixtures and
fittings EUR 327,464.22
Financial assets EUR 759,628.36
Shares in participations /
subsidiaries and the like EUR 759,628.36
Shares in related companies EUR 759,628.36
Current assets EUR 38,991,499.75
Stocks EUR 21,073,247.81
Raw materials, consumables and
supplies EUR 2,998,428.06
Finished goods / work in progress EUR
18,000,797.39
Advance payments made EUR 74,022.36
Accounts receivable EUR 9,264,082.79
Amounts due from shareholders EUR 99,446.43
Trade debtors EUR 6,377,343.54
Amounts due from related companies EUR 232,234.68
Other debtors and assets EUR 2,555,058.14
Liquid means EUR 8,654,169.15
Remaining other assets EUR 52,753.20
Accruals (assets) EUR 52,753.20
LIABILITIES EUR 46,228,719.70
Shareholders' equity EUR 16,222,464.57
Capital EUR 12,245,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 395,000.00
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder EUR 395,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR
11,850,000.00
Reserves EUR 3,977,464.57
Provisions EUR 19,628,461.54
Pension provisions and comparable
provisions EUR 17,012,762.00
Provisions for taxes EUR 72,784.00
Other / unspecified provisions EUR 2,542,915.54
Liabilities EUR 10,377,793.59
Financial debts EUR 2,708,449.00
Liabilities due to banks EUR 2,708,449.00
Other liabilities EUR 7,669,344.59
Trade creditors (for IAS incl. bills
of exchange) EUR 1,440,903.49
Liabilities from received advance
payments EUR 2,987,487.79
Liabilities due to shareholders EUR 683,161.88
Liabililties due to related
companiesEUR 101,797.20
Unspecified other liabilities EUR 2,455,994.23
thereof liabilities from tax /
financial authorities EUR 230,873.04
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 33,626,595.25
Inventory change + own costs (+/-) EUR
-4,538,689.16
Inventory change (+/-) EUR -4,538,689.16
Other operating income EUR 420,141.10
Cost of materials EUR 8,943,431.68
Raw materials and supplies, purchased
goods EUR 7,855,018.45
Purchased services EUR 1,088,413.23
Gross result (+/-) EUR 20,564,615.51
Staff expenses EUR 14,730,501.31
Wages and salaries EUR 10,851,252.09
Social security contributions and
expenses for pension plans and
benefits EUR 3,879,249.22
Total depreciation EUR 632,746.31
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 632,746.31
Other operating expenses EUR 4,929,777.11
Operating result from continuing
operations EUR 271,590.78
Result from participating interests
(+/-) EUR 30.68
Expenses / income from participations
EUR 30.68
Income from related companies EUR 30.68
Interest result (+/-) EUR -156,955.89
Interest and similar income EUR 79,579.48
Interest and similar expenses EUR 236,535.37
thereof paid to related companies EUR 2,997.35
Financial result (+/-) EUR -156,925.21
Result from ordinary operations (+/-) EUR
114,665.57
Income tax / refund of income tax
(+/-)EUR -31,529.23
Other taxes / refund of taxes EUR -47,480.21
Tax (+/-) EUR -79,009.44
Annual surplus / annual deficit EUR 35,656.13
Type
of balance
sheet: Company balance sheet
Financial
year: 01.04.2008 - 31.03.2009
ASSETS EUR 49,067,420.09
Fixed assets EUR 7,659,758.65
Intangible assets EUR 208,886.16
Concessions, licences, rights EUR 208,886.16
Tangible assets EUR 6,691,244.13
Land / similar rights EUR 5,972,845.53
Plant / machinery EUR 211,536.79
Other tangible assets / fixtures and
fittings EUR 408,494.81
Advance payments made / construction
in progress EUR 98,367.00
Financial assets EUR 759,628.36
Shares in participations /
subsidiaries and the like EUR 759,628.36
Shares in related companies EUR 759,628.36
Current assets EUR 41,351,656.94
Stocks EUR 26,189,171.69
Raw materials, consumables and
supplies EUR 3,575,038.40
Finished goods / work in progress EUR
22,539,410.93
Advance payments made EUR 74,722.36
Accounts receivable EUR 8,226,323.27
Amounts due from shareholders EUR 176,546.67
Trade debtors EUR 4,415,960.64
Amounts due from related companies EUR 505,364.82
Other debtors and assets EUR 3,128,451.14
Liquid means EUR 6,936,161.98
Remaining other assets EUR 56,004.50
Accruals (assets) EUR 56,004.50
LIABILITIES EUR 49,067,420.09
Shareholders' equity EUR 16,222,464.57
Capital EUR 12,245,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 395,000.00
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder EUR 395,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR
11,850,000.00
Reserves EUR 3,977,464.57
Provisions EUR 21,012,170.35
Pension provisions and comparable
provisions EUR 17,325,418.00
Provisions for taxes EUR 217,491.00
Other / unspecified provisions EUR 3,469,261.35
Liabilities EUR 11,832,785.17
Financial debts EUR 2,991,835.00
Liabilities due to banks EUR 2,991,835.00
Other liabilities EUR 8,840,950.17
Trade creditors (for IAS incl. bills
of exchange) EUR 2,245,491.09
Liabilities from received advance
payments EUR 3,325,852.40
Liabilities due to shareholders EUR 672,024.01
Liabililties due to related
companiesEUR 87,640.00
Unspecified other liabilities EUR 2,509,942.67
thereof liabilities from tax /
financial authorities EUR 168,164.04
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 50,363,562.34
Inventory change + own costs (+/-) EUR 1,546,853.75
Inventory change (+/-) EUR 1,546,853.75
Other operating income EUR 507,161.58
Cost of materials EUR 21,342,545.01
Raw materials and supplies, purchased
goods EUR 17,555,898.14
Purchased services EUR 3,786,646.87
Gross result (+/-) EUR 31,075,032.66
Staff expenses EUR 21,663,817.70
Wages and salaries EUR 16,807,725.35
Social security contributions and
expenses for pension plans and
benefits EUR 4,856,092.35
Total depreciation EUR 666,306.83
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 666,306.83
Other operating expenses EUR 7,906,343.08
Operating result from continuing
operations EUR 838,565.05
Result from participating interests
(+/-) EUR 30.68
Expenses / income from participations
EUR 30.68
Income from related companies EUR 30.68
Interest result (+/-) EUR 64,678.38
Interest and similar income EUR 265,142.90
Interest and similar expenses EUR 200,464.52
Other financial result EUR 82,324.42
Income from securities and loans from
financial assets EUR 82,324.42
Financial result (+/-) EUR 147,033.48
Result from ordinary operations (+/-) EUR
985,598.53
Income tax / refund of income tax
(+/-)EUR -143,762.40
Other taxes / refund of taxes EUR -55,191.66
Tax (+/-) EUR -198,954.06
Annual surplus / annual deficit EUR 786,644.47
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
|
1 |
Rs.73.47 |
|
Euro |
1 |
Rs.65.38 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.