MIRA INFORM REPORT
|
Report Date : |
07.10.2011 |
We refer to your enquiry of
15.07.2011.
In the meantime there have
been changes in particular in the
following areas subject to monitoring:
- Balance sheets
Company name and address
First Solar GmbH
Company Status: active
Main address:
Rheinstr. 4n
D 55116 Mainz
Telephone:06131/14430
Telefax: 06131/1443500
Homepage: www.firstsolar.com
E-mail:
dinfo@firstsolar.com
VAT no.
DE813787782
CONCLUSION
Business
relations are permissible.
Registartion data
LEGAL FORM Private
limited company
Date of foundation: 20.06.2003
Shareholders'
agreement: 20.06.2003
Registered on: 24.05.2005
Commercial Register: Local court 55116 Mainz
under: HRB
8855
Share capital
EUR 25,000.00
Shareholder
First Solar Holding LLC c/o The Corporation
Trust Center
1209 Orange Street
USA 19801 Delaware
Legal form: Other legal form
Share: EUR 25,000.00
Manager
Stephan Hansen
Kantstr. 1a
D 99096 Erfurt
having sole power of representation
born: 10.09.1966
Proxy
Bernhard Wilhelm Bischof
Gendalweg 35
D 35288 Wohratal
having sole power of representation
born: 03.02.1966
Proxy:
Ulrich Becker
D 60308 Frankfurt
having sole power of representation
born: 19.01.1967
Nationality: British
Proxy:
Jens Meyerhoff
14539 E. Edgewater
USA 85268 Fountain Hills, AZ
having sole power of representation
born: 14.07.1964
Nationality: American
Proxy:
David Brady
2772 s Camilla Ct.
USA 85286 Chandler, AZ
having sole power of representation
born: 03.10.1970
Nationality: American
Proxy:
Dr. Peer Günzel
D 55116 Mainz
having sole power of representation
born: 24.04.1971
Proxy:
Anja Elisabeth Lange
D 47798 Krefeld
having sole power of representation
born: 27.11.1969
Proxy:
Christopher Burghardt
B Brüssel
having sole power of representation
born: 24.12.1973
Nationality: Belgian
Further functions/participations of
Stephan Hansen
(Manager)
Shareholder:
Hansen GmbH III
Franz-August-Becker-Str. 34
D 55122 Mainz
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 22.02.2010
Reg. data: 55116 Mainz, HRB
42545
Manager:
Hansen GmbH IV
Franz-August-Becker-Str. 34
D 55122 Mainz
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 01.03.2010
Reg. data: 55116 Mainz, HRB
42561
Manager:
Hansen GmbH II
Franz-August-Becker-Str. 34
D 55122 Mainz
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 01.03.2010
Reg. data: 55116 Mainz, HRB
42559
Manager:
Hansen GmbH I
Franz-August-Becker-Str. 34
D 55122 Mainz
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 01.03.2010
Reg. data: 55116 Mainz, HRB
42558
Manager:
Hansen GmbH III
Franz-August-Becker-Str. 34
D 55122 Mainz
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 22.02.2010
Reg. data: 55116 Mainz, HRB
42545
COMPANY HISTORY
20.06.2003 -
23.05.2005 First Solar GmbH
Wilhelm-Wolff-Str. 27
D
99099 Erfurt
Private limited company
24.05.2005 -
09.08.2005 First Solar GmbH
Rheinstr. 4n
D
55116 Mainz
Private
limited company
BUSINESS ACTIVITIES
Sectors
46141 Agents involved in the sale of machines
(except
agricultural machineryand
office machinery) and industrial
supplies n.e.c.
4652 Wholesale of
electronic and telecommunications equipment
and parts
46693 Wholesale of other
equipment and accessories for
machinery and technical
supplies
71122 Engineering
activities in the field of technical sectoral
planning andengineering
design
BRANCHES AND FACTORIES
Branch:
First Solar GmbH
Stralauer Platz 34
D 10243 Berlin
TEL.: 030-29779449
FAX.: 030-29779531
PARTICIPATIONS
Shareholder:
FS Solar Farms Spain GmbH
Rheinstr. 4b
D 55116 Mainz
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 04.11.2009
Local court 55116 Mainz
HRB 42369
Shareholder:
Solar Farms Green Italy GmbH
Rheinstr. 4b
D 55116 Mainz
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 18.05.2010
Local court 55116 Mainz
HRB 42700
FINANCIAL INFORMATION
Payment experience: cash
discount/within agreed terms
Negative information:We have
no negative information at hand.
Maximum credit: 100,000 EUR
Balance sheet year: 2010
REAL ESTATE
Type of ownership: Tenant
Address Rheinstr. 4n
D
55116 Mainz
Land register documents
were not available.
BANKERS
COMMERZBANK, MAINZ A RHEIN
Sort. code: 55040022,
Account no.: 2000776, BIC: COBADEFF550
FINANCIAL FIGURES
Turnover: 2009 EUR 1,402,103,066.00
2010 EUR 1,494,889,656.00
Profit: 2009 EUR 43,037,743.00
2010 EUR 53,057,604.00
further business figures:
Equipment: EUR 721,425.00
Ac/ts receivable: EUR 244,179,941.00
Liabillities: EUR 324,291,754.00
Employees:
109
BALANCE SHEETS
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 29.06
Liquidity ratio: 1.30
Return on total capital [%]: 13.44
Balance sheet grade: 2.2
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.81
Liquidity ratio: 2.44
Return on total capital [%]: 22.17
Balance sheet grade: 1.6
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 52.90
Liquidity ratio: 2.99
Return
on total capital [%]: 46.39
Balance sheet grade: 1.2
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 11.47
Liquidity ratio: 2.56
Return on total capital [%]: 11.56
Balance
sheet grade: 2.7
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.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 394,953,091.06
Fixed assets
EUR 69,099,375.14
Intangible assets
EUR 143,391.81
Concessions, licences, rights
EUR 143,391.81
Tangible assets
EUR 1,248,483.33
Other tangible assets / fixtures and
fittings
EUR 721,425.45
Advance payments made / construction
in progress EUR 527,057.88
Financial assets
EUR 67,707,500.00
Shares in participations /
subsidiaries and the like
EUR 50,000.00
Shares in related companies
EUR 50,000.00
Loans to participations /
subsidiaries and the like
EUR 67,657,500.00
Loans to related companies
EUR 67,657,500.00
Current assets
EUR 325,780,194.64
Accounts receivable
EUR 244,179,941.60
Trade debtors
EUR 190,063,434.43
Amounts due from related companies
EUR 41,264,915.48
Other debtors and assets
EUR 12,851,591.69
Investments in current assets
EUR 3,971.64
Other investments
EUR 3,971.64
Liquid means
EUR 81,596,281.40
Remaining other assets EUR 73,521.28
Accruals (assets)
EUR 73,521.28
LIABILITIES EUR 394,953,091.06
Shareholders' equity
EUR 59,779,312.75
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 55,174,434.97
Capital reserves
EUR 55,174,434.97
Balance
sheet profit/loss (+/-) EUR 4,579,877.78
Profit / loss brought forward
EUR 4,579,877.78
Provisions
EUR 5,103,878.16
Other / unspecified provisions
EUR 5,103,878.16
Liabilities
EUR 324,291,754.83
Other liabilities
EUR 324,291,754.83
Trade creditors (for IAS incl. bills
of exchange)
EUR 173,364.90
Liabililties
due to related companiesEUR
322,331,828.64
Unspecified other liabilities
EUR 1,786,561.29
thereof liabilities from tax /
financial authorities
EUR 1,517,887.68
thereof liabilities from social
security
EUR 200,659.90
Other liabilities
EUR 5,778,145.32
Deferrals (liabilities)
EUR 5,778,145.32
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 1,494,889,656.22
Other operating income
EUR 34,880,022.37
Cost of materials
EUR 1,447,034,108.56
Raw materials and supplies, purchased
goods
EUR 1,447,034,108.56
Gross result (+/-)
EUR 82,735,570.03
Staff expenses
EUR 13,121,391.58
Wages and salaries
EUR 11,958,681.12
Social security contributions and
expenses for pension plans and
benefits
EUR 1,162,710.46
Total depreciation
EUR 373,873.63
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 373,873.63
Other operating expenses
EUR 16,523,632.68
Operating result from continuing
operations
EUR 52,716,672.14
Result from participating interests
(+/-)
EUR -581,060.94
Expenses for participations
EUR 581,060.94
Expenses for other participations
EUR 581,060.94
Interest result (+/-)
EUR 670,200.95
Interest and similar income
EUR 670,232.31
thereof from related companies
EUR 575,881.49
Interest and similar expenses
EUR 31.36
thereof paid to related companies
EUR 0.00
Financial result (+/-)
EUR 89,140.01
Result from ordinary operations (+/-)
EUR 52,805,812.15
Expenses for transfer of profits to a
parent company
EUR 53,057,603.81
Income tax / refund of income tax (+/-)EUR 251,791.66
Tax
(+/-)
EUR 251,791.66
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 194,118,987.67
Fixed assets EUR 1,365,523.64
Intangible assets
EUR 8,168.75
Concessions, licences, rights
EUR 8,168.75
Tangible assets
EUR 1,332,354.89
Other tangible assets / fixtures and
fittings
EUR 1,064,857.47
Advance payments made / construction
in progress
EUR 267,497.42
Financial assets EUR 25,000.00
Shares in participations /
subsidiaries and the like
EUR 25,000.00
Shares in related companies
EUR 25,000.00
Current assets
EUR 192,668,804.53
Accounts receivable
EUR 142,382,071.78
Trade debtors
EUR 106,005,728.80
Amounts due from related companies
EUR 30,257,089.16
Other debtors and assets
EUR 6,119,253.82
Liquid means
EUR 50,286,732.75
Remaining other assets
EUR 84,659.50
Accruals (assets)
EUR 84,659.50
LIABILITIES EUR 194,118,987.67
Shareholders' equity
EUR 29,342,218.86
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves EUR 24,737,341.08
Capital reserves
EUR 24,737,341.08
Balance sheet profit/loss (+/-)
EUR 4,579,877.78
Profit / loss brought forward
EUR 4,579,877.78
Provisions EUR 8,743,079.35
Other / unspecified provisions
EUR 8,743,079.35
Liabilities
EUR 152,789,647.52
Other liabilities
EUR 152,789,647.52
Trade creditors (for IAS incl. bills
of exchange)
EUR 593,911.14
Liabililties due to related companiesEUR 147,284,193.15
Unspecified other liabilities
EUR 4,911,543.23
thereof liabilities from tax /
financial authorities
EUR 4,900,707.33
thereof liabilities from social
security
EUR 0.00
Other liabilities
EUR 3,244,041.94
Deferrals (liabilities)
EUR 3,244,041.94
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 1,402,103,066.45
Other operating income EUR 22,828,849.42
Cost of materials
EUR 1,359,797,354.45
Raw materials and supplies, purchased
goods
EUR 1,359,797,354.45
Gross result (+/-)
EUR 65,134,561.42
Staff expenses
EUR 10,607,330.89
Wages and salaries
EUR 9,569,715.34
Social security contributions and
expenses for pension plans and
benefits EUR 1,037,615.55
Total depreciation
EUR 280,674.89
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 280,674.89
Other
operating expenses EUR 8,931,797.60
Operating result from continuing
operations
EUR 45,314,758.04
Interest result (+/-)
EUR -861,079.22
Interest and similar income
EUR 72,610.41
thereof from related companies
EUR 9,555.56
Interest and similar expenses
EUR 933,689.63
thereof paid to related companies
EUR 924,214.55
Financial result (+/-)
EUR -861,079.22
Result from ordinary operations (+/-)
EUR 44,453,678.82
Expenses for transfer of profits to a
parent company
EUR 43,037,743.47
Income
tax / refund of income tax (+/-)EUR
-1,415,935.35
Tax
(+/-)
EUR -1,415,935.35
Annual surplus / annual deficit
EUR 0.00
MIRA INFORM REPORT
|
Report Date : |
15.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
FIRST SOLAR GMBH |
|
|
|
|
Registered Office : |
Rheinstr. 4n, D 55116 Mainz |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
24.05.2005 |
|
|
|
|
Com. Reg. No.: |
HRB 8855 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Agents
involved in the sale of machines |
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 : |
100,000 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
First Solar GmbH
Main address:
Rheinstr. 4n
D 55116 Mainz
Telephone: 06131/14430
Telefax: 06131/1443500
Homepage: www.firstsolar.com
E-mail: dinfo@firstsolar.com
VAT no.
DE813787782
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 20.06.2003
Shareholders'
agreement: 20.06.2003
Registered on: 24.05.2005
Commercial Register: Local
court 55116 Mainz
under: HRB 8855
Share capital:
EUR 25,000.00
Shareholder
First Solar Holding LLC c/o The Corporation
Trust Center
1209 Orange Street
USA 19801 Delaware
Legal form: Other legal form
Share: EUR 25,000.00
Manager
Stephan Hansen
Kantstr. 1a
D 99096 Erfurt
having sole power of representation
born: 10.09.1966
Proxy
Bernhard Wilhelm Bischof
Gendalweg 35
D 35288 Wohratal
having sole power of representation
born: 03.02.1966
Proxy:
Ulrich Becker
D 60308 Frankfurt
having sole power of representation
born: 19.01.1967
Nationality: British
Proxy:
Jens Meyerhoff
14539 E. Edgewater
USA 85268 Fountain Hills, AZ
having sole power of representation
born: 14.07.1964
Nationality: American
Proxy:
David Brady
2772 s Camilla Ct.
USA 85286 Chandler, AZ
having sole power of representation
born: 03.10.1970
Nationality: American
Proxy:
Dr. Peer Günzel
D 55116 Mainz
having sole power of representation
born: 24.04.1971
Proxy:
Anja Elisabeth Lange
D 47798 Krefeld
having sole power of representation
born: 27.11.1969
Proxy:
Christopher Burghardt
B Brüssel
having sole power of representation
born: 24.12.1973
Nationality: Belgian
Further functions/participations of
Stephan Hansen (Manager)
Shareholder:
Hansen
GmbH III
Franz-August-Becker-Str. 34
D
55122 Mainz
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 22.02.2010
Reg.
data: 55116 Mainz, HRB 42545
Manager:
Hansen
GmbH IV
Franz-August-Becker-Str. 34
D 55122 Mainz
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.03.2010
Reg.
data: 55116 Mainz, HRB 42561
Manager:
Hansen
GmbH II
Franz-August-Becker-Str. 34
D
55122 Mainz
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.03.2010
Reg.
data: 55116 Mainz, HRB 42559
Manager:
Hansen
GmbH I
Franz-August-Becker-Str. 34
D 55122 Mainz
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.03.2010
Reg. data:
55116 Mainz, HRB 42558
Manager:
Hansen
GmbH III
Franz-August-Becker-Str. 34
D
55122 Mainz
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 22.02.2010
Reg.
data: 55116 Mainz, HRB 42545
COMPANY HISTORY
20.06.2003 -
23.05.2005 First Solar GmbH
Wilhelm-Wolff-Str. 27
D
99099 Erfurt
Private limited company
24.05.2005 -
09.08.2005 First Solar GmbH
Rheinstr. 4n
D
55116 Mainz
Private limited company
BUSINESS ACTIVITIES
Sectors
46141 Agents involved in the sale of machines
(except agricultural machineryand office machinery) and industrial supplies
n.e.c.
4652 Wholesale of electronic and telecommunications
equipment and parts
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
71122 Engineering activities in the field of
technical sectoral planning andengineering design
BRANCHES AND FACTORIES
Branch:
First
Solar GmbH
Stralauer Platz 34
D
10243 Berlin
TEL.:
030-29779449
FAX.:
030-29779531
PARTICIPATIONS
Shareholder:
FS Solar Farms Spain GmbH
Rheinstr. 4b
D
55116 Mainz
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 04.11.2009
Local court 55116 Mainz
HRB 42369
Shareholder:
Solar Farms Green Italy GmbH
Rheinstr. 4b
D
55116 Mainz
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 18.05.2010
Local court 55116 Mainz
HRB 42700
FINANCIAL INFORMATION
Payment experience: cash
discount/within agreed terms
Negative information: We
have no negative information at hand.
Maximum credit: 100,000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Rheinstr. 4n
D 55116 Mainz
Land register documents were not available.
BANKERS
COMMERZBANK, MAINZ A RHEIN
Sort. code: 55040022, Account no.: 2000776, BIC: COBADEFF550
FINANCIAL FIGURES
Turnover: 2009 EUR 1,402,103,066.00
Profit: 2009 EUR 43,037,743.00
Equipment: EUR 1,064,857.00
Ac/ts receivable: EUR 142,382,071.00
Liabillities: EUR 152,789,647.00
Employees:
94
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.81
Liquidity ratio: 2.44
Return on total capital [%]: 22.17
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 52.90
Liquidity ratio: 2.99
Return on total capital [%]: 46.39
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 11.47
Liquidity ratio: 2.56
Return on total capital [%]: 11.56
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 194,118,987.67
Fixed assets
EUR 1,365,523.64
Intangible assets
EUR 8,168.75
Concessions, licences, rights
EUR 8,168.75
Tangible assets
EUR 1,332,354.89
Other tangible assets / fixtures and
fittings
EUR 1,064,857.47
Advance payments made / construction
in progress
EUR 267,497.42
Financial assets EUR 25,000.00
Shares in participations /
subsidiaries and the like
EUR 25,000.00
Shares in related companies
EUR 25,000.00
Current assets
EUR 192,668,804.53
Accounts receivable
EUR 142,382,071.78
Trade debtors
EUR 106,005,728.80
Amounts due from related companies
EUR 30,257,089.16
Other debtors and assets
EUR 6,119,253.82
Liquid means
EUR 50,286,732.75
Remaining other assets
EUR 84,659.50
Accruals (assets)
EUR 84,659.50
LIABILITIES EUR 194,118,987.67
Shareholders' equity
EUR 29,342,218.86
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves EUR 24,737,341.08
Capital reserves
EUR 24,737,341.08
Balance sheet profit/loss (+/-)
EUR 4,579,877.78
Profit / loss brought forward
EUR 4,579,877.78
Provisions EUR 8,743,079.35
Other / unspecified provisions
EUR 8,743,079.35
Liabilities
EUR 152,789,647.52
Other liabilities
EUR 152,789,647.52
Trade creditors (for IAS incl. bills
of exchange)
EUR 593,911.14
Liabililties due to related companiesEUR 147,284,193.15
Unspecified other liabilities
EUR 4,911,543.23
thereof
liabilities from tax /
financial authorities
EUR 4,900,707.33
thereof liabilities from social
security
EUR 0.00
Other liabilities
EUR 3,244,041.94
Deferrals (liabilities)
EUR 3,244,041.94
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 1,402,103,066.45
Other operating income EUR 22,828,849.42
Cost of materials
EUR 1,359,797,354.45
Raw materials and supplies, purchased
goods
EUR 1,359,797,354.45
Gross result (+/-)
EUR 65,134,561.42
Staff expenses
EUR 10,607,330.89
Wages and salaries
EUR 9,569,715.34
Social security contributions and
expenses for pension plans and
benefits EUR 1,037,615.55
Total depreciation
EUR 280,674.89
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 280,674.89
Other
operating expenses EUR 8,931,797.60
Operating result from continuing
operations
EUR 45,314,758.04
Interest result (+/-)
EUR -861,079.22
Interest and similar income
EUR 72,610.41
thereof from related companies
EUR 9,555.56
Interest and similar expenses
EUR 933,689.63
thereof paid to related companies
EUR 924,214.55
Financial result (+/-)
EUR -861,079.22
Result from ordinary operations (+/-)
EUR 44,453,678.82
Expenses for transfer of profits to a
parent company
EUR 43,037,743.47
Income
tax / refund of income tax (+/-)EUR
-1,415,935.35
Tax
(+/-)
EUR -1,415,935.35
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 54,455,925.52
Fixed assets
EUR 422,243.82
Intangible assets
EUR 5,092.82
Concessions, licences, rights EUR 5,092.82
Tangible assets
EUR 417,151.00
Other tangible assets / fixtures and
fittings
EUR 417,151.00
Current assets
EUR 54,016,922.83
Accounts receivable
EUR 48,943,954.91
Trade debtors
EUR 32,832,307.80
Amounts due from related companies
EUR 15,097,694.14
Other
debtors and assets EUR 1,013,952.97
Liquid means
EUR 5,072,967.92
Remaining other assets
EUR 16,758.87
Accruals (assets)
EUR 16,758.87
LIABILITIES EUR 54,455,925.52
Shareholders' equity
EUR 4,604,877.78
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 4,579,877.78
Profit / loss brought forward
EUR 4,579,877.78
Provisions
EUR 4,036,072.25
Provisions for taxes EUR 1,967,125.24
Other / unspecified provisions
EUR 2,068,947.01
Liabilities
EUR 45,814,975.49
Other liabilities
EUR 45,814,975.49
Trade creditors (for IAS incl. bills
of exchange)
EUR 11,159.66
Liabililties due to related companiesEUR 45,064,590.94
Unspecified other liabilities
EUR 739,224.89
thereof liabilities from tax /
financial authorities
EUR 715,740.64
thereof liabilities from social
security
EUR 21,732.25
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 808,832,368.06
Other operating income
EUR 670,687.22
Cost of materials
EUR 773,541,367.70
Raw materials and supplies, purchased
goods EUR 773,541,367.70
Gross result (+/-)
EUR 35,961,687.58
Staff expenses
EUR 5,733,015.62
Wages and salaries
EUR 5,109,148.53
Social security contributions and
expenses for pension plans and
benefits
EUR 623,867.09
Total depreciation
EUR 112,895.15
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus.
EUR 112,895.15
Other operating expenses
EUR 5,821,437.55
Operating result from continuing
operations
EUR 24,294,339.26
Interest result (+/-)
EUR 461,268.77
Interest and similar income
EUR 461,442.06
thereof from related companies
EUR 6,958.34
Interest and similar expenses
EUR 173.29
Financial result (+/-)
EUR 461,268.77
Result from ordinary operations (+/-)
EUR 24,755,608.03
Expenses for transfer of profits to a
parent company
EUR 24,737,341.08
Income tax / refund of income tax (+/-)EUR -17,001.24
Other taxes / refund of taxes
EUR -1,265.71
Tax
(+/-)
EUR -18,266.95
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.19 |
|
UK Pound |
1 |
Rs.75.92 |
|
Euro |
1 |
Rs.65.44 |
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.