MIRA INFORM REPORT
|
Report Date : |
23.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
M-REAL ZANDERS GMBH |
|
|
|
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Registered Office : |
An der Gohrsmühle 25, D 51465 Bergisch Gladbach |
|
|
|
|
Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2009 |
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|
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Date of Incorporation : |
18.09.2003 |
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|
|
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Com. Reg. No.: |
HRB 51420 |
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Wholesale
of paper and paperboard, stationery, office supplies, ooks, periodicals and
newspapers |
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 & address
M-real Zanders GmbH
Main
address:
An der Gohrsmühle 25
D 51465 Bergisch Gladbach
Telephone: 02202/15-0
Homepage: www.zanders.de
VAT no
DE811141208
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1829
Shareholders'
agreement: 26.07.2003
Registered on: 18.09.2003
Commercial Register: Local
court 50939 Köln
under: HRB
51420
Share capital:
EUR 71.596.000,00
Shareholder
M-real Deutsche Holding GmbH
An der Gohrsmühle
D 51465 Bergisch Gladbach
Legal form: Private limited company
Share capital: EUR 25.564,59
Share: EUR 71.596.000,00
Registered on: 04.08.2003
Reg. data: 50939 Köln, HRB 51198
Manager
Heikki Husso
An der Gohrsmühle
D 51465 Bergisch Gladbach
having sole power of representation
born: 27.03.1961 in Suonenjoki/Finnland
Profession: Businessman
Marital status: married
President of the Supervisory Board
Jarmo Salonen
SF - Espoo
Nationality: Finish
Member of the Supervisory Board
Soili Hietanen
SF Espoo/Helsinki
Nationality: Finish
Representative of the Employees within
the Supervisory Board
Frank Eschenauer
D 51465 Bergisch Gladbach
Proxy
Ingrid Heiler
D 51465 Bergisch Gladbach
authorized to jointly represent the company
born: 05.11.1957
Proxy:
Siegbert Kempa
D 51519 Odenthal
authorized to jointly represent the company
born: 06.06.1958
Proxy:
Volker Simon
Oberblissenbach 31
D 51515 Kürten
authorized to jointly represent the company
born: 06.12.1974
Proxy:
Hans-Günter Wierichs
D 50667 Köln
authorized to jointly represent the company
born: 18.03.1965
Proxy:
Andreas Euler
D 50259 Pulheim
authorized to jointly represent the company
born: 07.06.1968
Proxy:
John Tucker
GB Kent
authorized to jointly represent the company
born: 18.11.1965
Nationality: British
Proxy:
Heinz Moritz
D 52372 Kreuzau
authorized to jointly represent the company
born: 04.01.1964
Further functions/participations of
Heikki Husso (Manager)
Manager:
M-real Deutsche Holding GmbH
An der Gohrsmühle
D 51465 Bergisch Gladbach
Legal form: Private limited company
Share capital: EUR 25.564,59
Registered
on: 04.08.2003
Reg. data: 50939 Köln, HRB
51198
COMPANY HISTORY
05.09.1980 - 26.07.2003
Zanders Feinpapiere Aktiengesellschaft
(HRB 47807)
An
der Gohrsmühle 1
D
51465 Bergisch Gladbach
Public limited company
BUSINESS ACTIVITIES
Sectors
46494 Wholesale of paper
and paperboard, stationery, office supplies, books,periodicals and newspapers
BRANCHES AND FACTORIES
Branch:
M-Real Zanders GmbH
Veldener Str. 121-131
D 52349 Düren
TEL.: 02421/4970
FAX.: 02421/42803
PARTICIPATIONS
Shareholder:
BGE Eisenbahn Güterverkehr GmbH
An der Gohrsmühle
D 51465 Bergisch Gladbach
Legal form: Private limited company
Company Status: active
Share capital: EUR 511.291,87
Share: EUR 204.516,75
Reg. data: 18.07.1997
Local court 50939 Köln
HRB 46936
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: Tenant
Address An der Gohrsmühle 25
D 51465 Bergisch
Gladbach
Real Estate of:: Heikki Husso
Type of ownership: unknown
Address An
der Gohrsmühle
D 51465 Bergisch
Gladbach
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, DÜSSELDORF
Sort. code: 30040000, BIC: COBADEDDXXX
Further banks
DEUTSCHE BANK, BERGISCH GLADBACH
Sort. code: 37070060, BIC: DEUTDEDKXXX
OPPENHEIM, SAL - JR & CIE, KÖLN
Sort. code: 37030200, BIC: SOPPDE3KXXX
BUNDESBANK, KÖLN
Sort. code: 37000000, BIC: MARKDEF1370
POSTBANK, KÖLN
Sort. code: 37010050, BIC: PBNKDEFF370
KREISSPARKASSE KÖLN, BERGISCH GLADBACH
Sort. code: 37050299, BIC: COKSDE33XXX
FINANCIAL FIGURES
Turnover: 2009 EUR 301.270.000,00
Profit: 2009 EUR -41.639.000,00
Employees:
1.252
-
thereof permanent staff: 1.252
BALANCE SHEETS
Balance sheet ratios 2009
Equity ratio [%]: 23,97
Liquidity ratio: 0,70
Return on total capital [%]: -17,01
Balance sheet ratios 2008
Equity ratio [%]: 54,15
Liquidity ratio: 2,63
Return on total capital [%]: -20,17
Balance sheet ratios 2007
Equity ratio [%]: 60,084
Liquidity ratio: 2,78
Return on total capital [%]: -21,21
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 321.804.000,00
Fixed assets
EUR 123.871.000,00
Intangible assets
EUR 30.000,00
Concessions, licences, rights
EUR 22.000,00
Advance payments for intang. assets
EUR 8.000,00
Tangible assets
EUR 116.498.000,00
Land / similar rights
EUR 81.444.000,00
Plant / machinery
EUR 30.906.000,00
Other tangible assets / fixtures and
fittings EUR 1.990.000,00
Advance payments made / construction
in progress
EUR 2.158.000,00
Financial assets
EUR 7.343.000,00
Shares in participations /
subsidiaries and the like
EUR 3.643.000,00
Shares in related companies
EUR 817.000,00
Shares in investee companies
EUR 2.826.000,00
Other loans
EUR 3.700.000,00
Current assets
EUR 197.812.000,00
Stocks
EUR 52.220.000,00
Raw materials, consumables and
supplies
EUR 19.497.000,00
Finished goods / work in progress
EUR 32.723.000,00
Accounts receivable
EUR 144.428.000,00
Trade debtors
EUR 42.050.000,00
Amounts due from related companies
EUR 94.080.000,00
Amounts due from investee companies
EUR 1.474.000,00
Other debtors and assets
EUR 6.824.000,00
Liquid means
EUR 1.164.000,00
Remaining other assets EUR 121.000,00
Accruals (assets)
EUR 121.000,00
LIABILITIES EUR 321.804.000,00
Shareholders' equity
EUR 111.393.000,00
Capital EUR 71.596.000,00
Subscribed capital (share capital)
EUR 71.596.000,00
Reserves
EUR 502.137.000,00
Capital reserves
EUR 462.400.000,00
Retained
earnings / revenue reserves EUR
39.737.000,00
Balance sheet profit/loss (+/-)
EUR -462.340.000,00
Balance sheet profit / loss
EUR -462.340.000,00
Items between shareholders' equity and
debt capital EUR 234.000,00
Allowances / bonuses
EUR 234.000,00
Provisions
EUR 88.027.000,00
Pension provisions and comparable
provisions EUR
47.153.000,00
Other / unspecified provisions
EUR 40.874.000,00
Liabilities
EUR 122.150.000,00
Financial debts
EUR 2.552.000,00
Liabilities due to banks
EUR 2.552.000,00
Other liabilities
EUR 119.598.000,00
Trade creditors (for IAS incl. bills
of exchange)
EUR 12.347.000,00
Liabilities from received advance
payments
EUR 6.000,00
Liabililties due to related companiesEUR 103.695.000,00
Unspecified other liabilities
EUR 3.550.000,00
Guarantees and other commitments
EUR 15.000,00
Guarantees / warranties
EUR 15.000,00
Guarantees
EUR 15.000,00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 301.270.000,00
Inventory change + own costs (+/-)
EUR -16.553.000,00
Inventory change (+/-)
EUR -16.628.000,00
Capitalised own costs
EUR 75.000,00
Other operating income
EUR 15.949.000,00
Cost of materials
EUR 183.992.000,00
Gross result (+/-)
EUR 116.674.000,00
Staff expenses
EUR 80.085.000,00
Wages and salaries
EUR 64.123.000,00
Social security contributions and
expenses for pension plans and
benefits
EUR 15.962.000,00
Total depreciation
EUR 12.068.000,00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 12.068.000,00
Other operating expenses
EUR 61.274.000,00
Operating result from continuing
operations
EUR -36.753.000,00
Result from participating interests
(+/-)
EUR 221.000,00
Expenses / income from participations EUR 221.000,00
Income from related companies
EUR 221.000,00
Interest result (+/-)
EUR -4.461.000,00
Interest and similar income
EUR 1.946.000,00
Interest and similar expenses
EUR 6.407.000,00
Financial
result (+/-) EUR -4.240.000,00
Result from ordinary operations (+/-)
EUR -40.993.000,00
Income tax / refund of income tax (+/-)EUR 39.000,00
Other taxes / refund of taxes
EUR -685.000,00
Tax
(+/-)
EUR -646.000,00
Annual surplus / annual deficit
EUR -41.639.000,00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 350.456.000,00
Fixed assets
EUR 131.582.000,00
Intangible assets
EUR 59.000,00
Concessions, licences, rights
EUR 55.000,00
Advance payments for intang. assets
EUR 4.000,00
Tangible assets
EUR 124.180.000,00
Land / similar rights
EUR 85.806.000,00
Plant / machinery
EUR 34.755.000,00
Other tangible assets / fixtures and
fittings
EUR 2.830.000,00
Advance payments made / construction
in progress
EUR 789.000,00
Financial assets
EUR 7.343.000,00
Shares in participations /
subsidiaries and the like
EUR 3.643.000,00
Shares in related companies
EUR 817.000,00
Shares in investee companies
EUR 2.826.000,00
Other loans
EUR 3.700.000,00
Current assets
EUR 217.948.000,00
Stocks
EUR 74.994.000,00
Raw
materials, consumables and
supplies
EUR 25.643.000,00
Finished goods / work in progress
EUR 49.351.000,00
Accounts receivable
EUR 140.983.000,00
Trade debtors EUR 49.792.000,00
Amounts due from related companies
EUR 85.768.000,00
Amounts due from investee companies
EUR 1.704.000,00
Other debtors and assets
EUR 3.719.000,00
Liquid means
EUR 1.971.000,00
Remaining other assets
EUR 926.000,00
Accruals (assets)
EUR 926.000,00
LIABILITIES EUR 350.456.000,00
Shareholders' equity
EUR 65.032.000,00
Capital
EUR 71.596.000,00
Subscribed capital (share capital)
EUR 71.596.000,00
Reserves
EUR 414.137.000,00
Capital reserves
EUR 374.400.000,00
Retained earnings / revenue reserves EUR 39.737.000,00
Balance sheet profit/loss (+/-)
EUR -420.701.000,00
Profit / loss brought forward
EUR -372.471.000,00
Annual surplus / annual deficit
EUR -48.230.000,00
Items between shareholders' equity and
debt capital
EUR 277.000,00
Allowances / bonuses
EUR 277.000,00
Provisions
EUR 99.519.000,00
Pension provisions and comparable
provisions
EUR 47.582.000,00
Provisions for taxes
EUR 24.000,00
Other
/ unspecified provisions EUR 51.913.000,00
Liabilities
EUR 185.628.000,00
Financial debts
EUR 3.282.000,00
Liabilities due to banks
EUR 3.282.000,00
Other liabilities
EUR 182.346.000,00
Trade creditors (for IAS incl. bills
of exchange)
EUR 21.360.000,00
Liabilities from received advance
payments EUR 88.000,00
Liabililties due to related companiesEUR 157.521.000,00
Unspecified other liabilities
EUR 3.377.000,00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 414.925.000,00
Inventory change + own costs (+/-)
EUR 3.101.000,00
Inventory change (+/-)
EUR 3.061.000,00
Capitalised own costs
EUR 40.000,00
Other operating income
EUR 17.306.000,00
Cost of materials
EUR 291.979.000,00
Gross result (+/-)
EUR 143.353.000,00
Staff expenses
EUR 91.365.000,00
Wages and salaries
EUR 75.141.000,00
Social security contributions and
expenses for pension plans and
benefits
EUR 16.224.000,00
Total depreciation
EUR 12.447.000,00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 12.447.000,00
Other operating expenses
EUR 88.746.000,00
Operating
result from continuing
operations
EUR -49.205.000,00
Result from participating interests
(+/-)
EUR 460.000,00
Expenses / income from participations EUR 460.000,00
Income from related companies
EUR 460.000,00
Interest result (+/-)
EUR -7.567.000,00
Interest and similar income
EUR 482.000,00
Interest and similar expenses
EUR 8.049.000,00
Other financial result
EUR -6.000,00
Depreciation on financial assets and
marketable securities
EUR 6.000,00
Financial result (+/-)
EUR -7.113.000,00
Result from ordinary operations (+/-)
EUR -56.318.000,00
Extraordinary income
EUR 8.743.000,00
Extraordinary result (+/-)
EUR 8.743.000,00
Income tax / refund of income tax (+/-)EUR -38.000,00
Other taxes / refund of taxes
EUR -617.000,00
Tax
(+/-)
EUR -655.000,00
Annual surplus / annual deficit EUR -48.230.000,00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.34 |
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 |
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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.