|
Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
HERRENKNECHT AKTIENGESELLSCHAFT |
|
|
|
|
Registered Office : |
Schlehenweg 2, D 77963 Schwanau, Post Box:
63 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
1977 |
|
|
|
|
Com. Reg. No.: |
HRB 390485 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
Manufacture of other special-purpose machinery |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Good |
|
Payment Behaviour : |
No complaints |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Herrenknecht Aktiengesellschaft
Company Status: active
Schlehenweg 2
D 77963 Schwanau
Post Box:
63
Telephone:07824/302-0
Telefax:
07824/3403
Homepage: www.herrenknecht.de
E-mail:
info@herrenknecht.de
VAT no.: DE142362596
Tax ID number: 10055/05037
LEGAL FORM Public limited company
Date of foundation: 1977
Registered on: 23.12.1998
Commercial Register: Local
court 79098 Freiburg
under: HRB
390485
Share capital:
EUR 20,000,004.00
Dieter Herrenknecht Verwaltungs GmbH
Perlacher Str. 16
D 82031 Grünwald
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: 3.000 %
Registered on: 03.03.2011
Reg. data: 80797 München, HRB 190858
Shareholder:
Dr. Martin Herrenknecht Verwaltungs GmbH
Ritterstr. 61
D 77977 Rust
Legal form: Private limited company
Share capital: EUR
250,000.00
Share: 87.750 %
Registered on: 04.03.2002
Reg. data: 79098 Freiburg, HRB 391407
Agreement to transfer a portion of the
Profit
Dr.-Ing. Martin Herrenknecht
Waldweg 9
D 77963 Schwanau
born: 24.06.1942
Profession: Mechanical engineer
Marital status: married
Dr.-Ing. Gebhard Lehmann
Schlittengasse 17
D 77933 Lahr
authorized to jointly represent the company
born: 03.11.1951
Profession: Engineer
Marital status: married
Member
of the Board of Directors
Kurt Stiefel
Vogesenstr. 39
D 77963 Schwanau
authorized to jointly represent the company
born: 19.01.1956
Profession: Fully qualified management
expert
Marital status: married
Prof. Dr. h.c. Lothar Späth
Im Heidewinkel 20
D 70839 Gerlingen
born: 16.11.1937
Marital status: married
Member
of the Supervisory Board:
Dieter Emil Herrenknecht
Allmannsweierer Hauptstr. 24
D 77963 Schwanau
born: 30.04.1940
Profession: Master saddler
Member
of the Supervisory Board:
Dr. Roderich C. Thümmel
Urbanstr. 7
D 70182 Stuttgart
born: 23.10.1955
Profession: Solicitor
Marital status: unknown
Member
of the Supervisory Board:
Hans-Jörg Vetter
Im Haak 9
D 61476 Kronberg
born: 22.08.1952 in Göppingen
Profession: Banker
Marital status: unknown
Member
of the Supervisory Board:
Dr. rer. pol. Michael Süß
D 82319 Starnberg
born: 25.12.1963
Profession: graduate engineer
Marital status: married
Member
of the Supervisory Board:
Peter Teuscher
CH 3474 Muri bei Bern
born: 22.12.1943
Profession: graduate engineer
Nationality: Swiss
Rainer Hammerschmidt
D 77743 Neuried
Representative
of the Employees within the Supervisory Board:
Jürgen Roth
Großriedgasse 14
D 77743 Neuried
Marital status: unknown
Representative
of the Employees within the Supervisory Board:
Thomas Tag
D 77948 Friesenheim
Marital status: unknown
Representative
of the Employees within the Supervisory Board:
Eva-Maria Bauer
Ringsheimer Str. 1
D 77955 Ettenheim
Representative
of the Employees within the Supervisory Board:
Hartmut Kaiser
D 77963 Schwanau
Representative
of the Employees within the Supervisory Board:
Dirk Wilhelm
D 77948 Friesenheim
Werner Julius Glatz
Waldstr. 21
D 77972 Mahlberg
authorized to jointly represent the company
Profession: graduate engineer
Marital status: married
Proxy:
Josef Gruseck
Schuhmacherstr. 8
D 77963 Schwanau
authorized to jointly represent the company
Marital status: married
Proxy:
Raimund Schäfer
D 77743 Neuried
authorized to jointly represent the company
born: 23.08.1967
Proxy:
Rainer Oestreicher
D 77746 Schutterwald
authorized to jointly represent the company
born: 07.05.1968
Profession: Fully qualified management
expert
Marital status: married
Proxy:
Günter Richter
D 77971 Kippenheim
authorized to jointly represent the company
born: 10.06.1960
Proxy:
Michael Fehrenbach
D 77933 Lahr
authorized to jointly represent the company
born: 10.06.1961
Proxy:
Ulrich Schaffhauser
D 77971 Kippenheim
authorized to jointly represent the company
born: 04.01.1964
Proxy:
Uwe Breig
D 79364 Malterdingen
authorized to jointly represent the company
born: 11.08.1966
Proxy:
Olaf Strick
D 54675 Lahr
authorized to jointly represent the company
born: 11.03.1967
Proxy:
Reinhard Fesenmeyer
D 77955 Ettenheim
authorized to jointly represent the company
born: 04.01.1971
Proxy:
Achim Kühn
D 77966 Kappel-Grafenhausen
authorized to jointly represent the company
born: 11.01.1962
(President of the Board of Directors)
General
partner:
Martin Herrenknecht und Joanita Herrenknecht
GdbR
Waldweg 9
D 77963 Schwanau
Legal form: Partnership under the Civil Code
Shareholder:
Dr. Martin Herrenknecht Verwaltungs GmbH
Ritterstr. 61
D 77977 Rust
Legal form: Private limited company
Share capital: EUR 250,000.00
Share: EUR 250,000.00
Registered
on:
04.03.2002
Reg. data:
79098 Freiburg, HRB 391407
Manager:
Dr. Martin Herrenknecht Verwaltungs GmbH
Ritterstr. 61
D 77977 Rust
Legal form: Private limited company
Share capital: EUR 250,000.00
Registered
on:
04.03.2002
Reg. data:
79098 Freiburg, HRB 391407
Practising
person:
Martin Herrenknecht
Schlehenweg 2
D 77963 Schwanau
Legal form: Independent profession
Member
of the Supervisory Board:
Flughafen Lahr Beteiligungen GmbH
Fritz-Rinderspacher-Str. 9
D 77933 Lahr
Legal form: Private limited company
Share capital: EUR
3,193,017.80
Registered
on:
29.01.1999
Reg. data:
79098 Freiburg, HRB 391260
Proxy:
Herrenknecht Aviation GmbH
Schlehenweg 2
D 77963 Schwanau
Legal form: Private limited company
Share capital: EUR 162,000.00
Registered
on:
14.08.2007
Reg. data:
79098 Freiburg, HRB 701473
27.01.1978 - 22.12.1998
Herrenknecht GmbH
Schlehenweg 2
D 77963
Schwanau
Private
limited company
27.07.2009 - 25.05.2011 Member of
the Supervisory Board
Briana
Herrenknecht
D 77963
Schwanau
27.07.2009 - 25.05.2011 Member of
the Supervisory Board
Martin - Devid Herrenknecht
D 77963
Schwanau
28.03.2007 - 25.05.2011
Vice-president of the Supervisory Board
Werner
Schmidt
D 70806
Kornwestheim
28.03.2007 - 25.05.2011 Member of
the Supervisory Board
Prof. Dr.
Rolf Schütze
D 71554
Weissach
09.01.2007 - 25.05.2011 Member of
the Supervisory Board
Reinhold
Schreiner
D 73776
Altbach
02.02.1999 - 25.05.2011 Member of
the Supervisory Board
Prof.
Rüdiger Wendt
D 73269
Hochdorf
30.08.1999 - 04.01.2010 Member of
the Board of Directors
Dr.-Ing.
Werner Suhm
D 77723 Gengenbach
04.02.2009 - 27.07.2009
Vice-president of the Supervisory Board
Dieter
Emil Herrenknecht
D 77963
Schwanau
04.02.2009 - 27.07.2009
Vice-president of the Supervisory Board
Briana
Herrenknecht
D 77963
Schwanau
04.02.2009 - 27.07.2009
Vice-president of the Supervisory Board
Martin -
Devid Herrenknecht
D 77963
Schwanau
30.01.2009 - 27.07.2009
Vice-president of the Supervisory Board
Dr.
Roderich C. Thümmel
D 70182
Stuttgart
Sectors
28990 Manufacture of other
special-purpose machinery n.e.c.
46141 Agents involved in the
sale of machines (except
agricultural machineryand office machinery) and industrial
supplies n.e.c.
4669 Wholesale of other
machinery, equipment and supplies
82999 Other business support
service activities n. e. c.
Branch:
Herrenknecht Aktiengesellschaft
-Niederlassung Maschinen- und Stahlbau
Dresden -
Hofmühlenstr. 5-15
D 01187 Dresden
TEL.: 0351/42340
FAX.: 0351/4234103
Shareholder:
Herrenknecht Formwork Technology GmbH
Schlehenweg 2
D 77963 Schwanau
Legal form: Private limited company
Company Status: active
Share capital: EUR 2,000,000.00
Share: EUR 2,000,000.00
Reg. data:
26.04.2007
Local court 79098 Freiburg
HRB 701064
Shareholder:
Bohrtec Vertical GmbH
Im Heidenwinkel 7
D 77963 Schwanau
Legal form: Private limited company
Company Status: active
Share capital: EUR 600,000.00
Share: EUR 600,000.00
Reg. data:
26.05.2008
Local court 79098 Freiburg
HRB 702379
Shareholder:
Herrenknecht Vertical GmbH
Im Heidenwinkel 5
D 77963 Schwanau
Legal form: Private limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 500,000.00
Reg. data:
04.05.2005
Local court 79098 Freiburg
HRB 391547
Shareholder:
Bohrtec Gesellschaft für Bohrtechnologie mbH
Konrad-Zuse-Str. 24
D 52477 Alsdorf
Legal form: Private limited company
Company Status: active
Share capital: EUR 205,050.00
Share: EUR 76,050.00
Reg. data:
12.01.1987
Local court 52070 Aachen
HRB 3524
Shareholder:
H + E Logistik GmbH
Josef-Baumann-Str. 18
D 44805 Bochum
Legal form: Private limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 75,000.00
Reg. data:
12.01.2000
Local court 44787 Bochum
HRB 6618
Shareholder:
VMT GmbH Gesellschaft für Vermessungstechnik
Stegwiesenstr. 24
D 76646 Bruchsal
Legal form: Private limited company
Company Status: active
Share capital: EUR 51,129.19
Share: EUR 26,587.18
Reg. data:
23.06.1994
Local court 68159 Mannheim
HRB 231601
Shareholder:
Schäfer & Urbach GmbH
Schlehenweg 2
D 77963 Schwanau
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 18,500.00
Reg. data:
09.02.2011
Local court 79098 Freiburg
HRB 706442
Shareholder:
ANAKON GmbH
Humboldtstr. 25a
D 76131 Karlsruhe
Legal form: Private limited company
Company Status: active
Share capital: EUR 39,000.00
Share: EUR 13,000.00
Reg. data:
05.02.1992
Local court 68159 Mannheim
HRB 106019
Shareholder:
Initiative Technik ist Zukunft gemeinnützige
GmbH
Herriotstr. 1
D 60528 Frankfurt
Legal form: Private limited company
Company Status: active
Share capital: EUR 33,500.00
Share: EUR 2,000.00
Reg. data:
26.08.2008
Local court 60313 Frankfurt
HRB 83775
Payment experience: cash
discount/within agreed terms
Negative information:We have no negative information at hand.
Maximum credit: 250,000 EUR
Type of ownership: Tenant
Address Schlehenweg 2
D 77963 Schwanau
Type of ownership: Tenant
Address Hofmühlenstr. 5-15
D 01187 Dresden
Real Estate of: Dr.-Ing. Martin Herrenknecht
Type of ownership: proprietor
Share: 100.00 %
Address Waldweg 9
D 77963 Schwanau
Type of real estate: residential and
business location
Value at selling price: EUR 511,000.00
Land register documents were not available.
COMMERZBANK, LAHR, SCHWARZWALD
VOLKSBANK LAHR, LAHR, SCHWARZWALD
LANDESKREDITBANK BADEN-WÜRTTEMBERG FÖRDERBANK, KARLSRUHE, BADEN
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, LAHR, SCHWARZWALD
Turnover: 2010 EUR 668,900,000.00
2011 EUR 669,000,000.00
Profit: 2010 EUR 31,249,000.00
further
business figures:
Equipment: EUR 9,953,000.00
Ac/ts
receivable:
EUR 165,922,000.00
Liabillities: EUR 250,476,000.00
Employees:
2,086
-
thereof permanent staff: 1,901
-
Trainees:
185
Agreement to transfer a portion of the profit
to:
Dr. Martin Herrenknecht Verwaltungs GmbH
Ritterstr. 61
D 77977 Rust
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
28.71
Liquidity ratio:
0.67
Return on total capital [%]: 6.30
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
22.77
Liquidity ratio:
0.63
Return on total capital [%]:
5.92
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
17.34
Liquidity ratio:
0.71
Return on total capital [%]:
2.98
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]:
16.67
Liquidity ratio:
0.63
Return on total capital [%]:
4.31
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: 01.01.2010 - 31.12.2010
ASSETS EUR 499,537,000.00
Fixed assets EUR 198,412,000.00
Intangible assets EUR 2,187,000.00
Concessions, licences, rights EUR 2,151,000.00
Advance payments for intang. assets EUR 36,000.00
Tangible assets EUR 160,917,000.00
Land / similar rights EUR 73,691,000.00
Plant / machinery EUR 63,360,000.00
Other tangible assets / fixtures and
fittings EUR 9,953,000.00
Advance payments made / construction
in progress EUR 13,913,000.00
Financial assets EUR 35,308,000.00
Shares in participations /
subsidiaries and the like EUR 28,332,000.00
Shares in related companies EUR 27,342,000.00
Shares in investee companies EUR 990,000.00
Loans to participations /
subsidiaries and the like EUR 5,976,000.00
Loans to related companies EUR 5,666,000.00
Loans to investee companies EUR 310,000.00
Securities included in fixed assets EUR
1,000,000.00
Current assets EUR 298,863,000.00
Stocks EUR 131,344,000.00
Raw materials, consumables and
supplies EUR 99,461,000.00
Finished goods / work in progress EUR
204,494,000.00
Advance payments made EUR 15,104,000.00
Minus received advance payments for
orders / installments for stocks EUR
-187,715,000.00
Accounts receivable EUR 165,922,000.00
Trade debtors EUR 62,738,000.00
Amounts due from related companies EUR
82,793,000.00
Amounts due from investee companies EUR
2,753,000.00
Other debtors and assets EUR 17,638,000.00
Liquid means EUR 1,597,000.00
Remaining other assets EUR 2,262,000.00
Accruals (assets) EUR 2,262,000.00
LIABILITIES EUR 499,537,000.00
Shareholders' equity EUR 143,543,000.00
Capital EUR 18,951,000.00
Subscribed capital (share capital) EUR
18,951,000.00
Reserves EUR 74,819,000.00
Capital reserves EUR 13,876,000.00
Retained earnings / revenue reserves EUR 60,943,000.00
Balance sheet profit/loss (+/-) EUR 43,893,000.00
Balance sheet profit / loss EUR 43,893,000.00
Other shareholders' equity (+/-) EUR 5,880,000.00
Other / unspecified part of the
shareholders' equity
EUR 5,880,000.00
Items between shareholders' equity and
debt capital EUR 4,874,000.00
Special items with reserve funds EUR 1,294,000.00
Mezzanine financing EUR 3,580,000.00
Contributions of silent partners EUR 3,580,000.00
Provisions EUR 100,170,000.00
Pension provisions and comparable
provisions EUR 1,143,000.00
Provisions for taxes EUR 6,655,000.00
Other / unspecified provisions EUR 92,372,000.00
Liabilities EUR 250,476,000.00
Financial debts EUR 64,748,000.00
Liabilities due to banks EUR 64,748,000.00
Other liabilities EUR 185,728,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 57,567,000.00
Liabililties due to related
companiesEUR 35,514,000.00
Liabilities due to investee
companiesEUR 571,000.00
Unspecified other liabilities EUR 92,076,000.00
thereof liabilities from tax /
financial authorities EUR 3,878,000.00
thereof liabilities from social
security EUR 496,000.00
Other liabilities EUR 474,000.00
Deferrals (liabilities) EUR 474,000.00
Guarantees and other commitments EUR 140,430,000.00
Letters of support EUR 87,435,000.00
Other guarantees and other
commitmentsEUR 52,995,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 668,955,000.00
Inventory change + own costs (+/-) EUR
16,151,000.00
Inventory change (+/-) EUR -30,916,000.00
Capitalised own costs EUR 47,067,000.00
Other operating income EUR 32,910,000.00
Cost of materials EUR 408,207,000.00
Raw materials and supplies, purchased
goods EUR 328,536,000.00
Purchased services EUR 79,671,000.00
Gross result (+/-) EUR 309,809,000.00
Staff expenses EUR 115,839,000.00
Wages and salaries EUR 97,906,000.00
Social security contributions and
expenses for pension plans and
benefits EUR 17,933,000.00
Total depreciation EUR 24,254,000.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 24,254,000.00
Other operating expenses EUR 94,340,000.00
Operating result from continuing
operations
EUR 75,376,000.00
Result from participating interests
(+/-) EUR -13,717,000.00
Expenses / income from participations
EUR 16,149,000.00
Income from related companies EUR
16,149,000.00
Expenses for participations EUR 29,866,000.00
Expenses for other participations EUR
29,866,000.00
Interest result (+/-) EUR -13,777,000.00
Interest and similar income EUR 2,141,000.00
thereof from related companies EUR 302,000.00
Interest and similar expenses EUR 15,918,000.00
thereof paid to related companies EUR 18,000.00
Other financial result EUR -473,000.00
Income from securities and loans from
financial assets EUR 78,000.00
thereof related companies EUR 68,000.00
Other financial expenses EUR 551,000.00
Financial result (+/-) EUR -27,967,000.00
Result from ordinary operations (+/-) EUR
47,409,000.00
Extraordinary income EUR 76,000.00
Extraordinary expenses EUR 228,000.00
Extraordinary result (+/-) EUR -152,000.00
Income tax / refund of income tax
(+/-)EUR -15,717,000.00
Other taxes / refund of taxes EUR -291,000.00
Tax (+/-) EUR -16,008,000.00
Annual surplus / annual deficit EUR 31,249,000.00
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR
566,185,000.00
Fixed assets EUR 165,402,000.00
Intangible assets EUR 2,125,000.00
Concessions, licences, rights EUR 2,113,000.00
Advance payments for intang. assets EUR 12,000.00
Tangible assets EUR 133,471,000.00
Land / similar rights EUR 72,556,000.00
Plant / machinery EUR 14,716,000.00
Other tangible assets / fixtures and
fittings EUR 8,926,000.00
Advance payments made / construction
in progress EUR 1,852,000.00
Other / unspecified tangible assets EUR
35,421,000.00
Financial assets EUR 29,806,000.00
Shares in participations /
subsidiaries and the like EUR 27,159,000.00
Shares in related companies EUR 26,388,000.00
Shares in investee companies EUR 771,000.00
Loans to participations /
subsidiaries and the like EUR 1,647,000.00
Loans to related companies EUR 1,490,000.00
Loans to investee companies EUR 157,000.00
Securities included in fixed assets EUR
1,000,000.00
Current assets EUR 390,445,000.00
Stocks EUR 177,606,000.00
Raw materials, consumables and
supplies
EUR 116,497,000.00
Finished goods / work in progress EUR
235,410,000.00
Advance payments made EUR 15,821,000.00
Minus received advance payments for
orders / installments for stocks EUR
-190,122,000.00
Accounts receivable EUR 203,692,000.00
Trade debtors EUR 80,893,000.00
Amounts due from related companies EUR
107,971,000.00
Amounts due from investee companies EUR
273,000.00
Other debtors and assets EUR 14,555,000.00
Investments in current assets EUR 5,763,000.00
Own shares EUR 5,763,000.00
Liquid means EUR 3,384,000.00
Remaining other assets EUR 10,338,000.00
Accruals (assets) EUR 10,338,000.00
LIABILITIES EUR 566,185,000.00
Shareholders' equity EUR 133,491,000.00
Capital EUR 20,000,000.00
Subscribed capital (share capital) EUR
20,000,000.00
Reserves EUR 59,786,000.00
thereof for own shares
EUR 5,763,000.00
Capital reserves EUR 13,876,000.00
Retained earnings / revenue reserves
EUR 40,147,000.00
Other / unspecified reserves EUR 5,763,000.00
Third party shares (+/-) EUR 13,480,000.00
Balance sheet profit/loss (+/-) EUR 40,225,000.00
Balance sheet profit / loss EUR 40,225,000.00
Items between shareholders' equity and
debt capital EUR 7,314,000.00
Special items with reserve funds EUR 1,453,000.00
Mezzanine financing EUR 5,861,000.00
Participation
certificate/participation rights
capital
EUR 5,861,000.00
Provisions EUR 97,383,000.00
Pension provisions and comparable
provisions EUR 1,361,000.00
Provisions for taxes EUR
1,062,000.00
Other / unspecified provisions EUR 94,960,000.00
Liabilities EUR 327,688,000.00
Financial debts EUR 112,614,000.00
Liabilities due to banks EUR 112,614,000.00
Other liabilities EUR 215,074,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 68,176,000.00
Liabililties due to related
companiesEUR 41,870,000.00
Liabilities due to investee
companiesEUR 466,000.00
Unspecified other liabilities EUR 104,562,000.00
thereof liabilities from tax /
financial authorities EUR 8,712,000.00
thereof liabilities from social
security EUR 480,000.00
Other liabilities EUR 309,000.00
Deferrals (liabilities) EUR 309,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 718,808,000.00
Inventory change + own costs (+/-) EUR
75,093,000.00
Inventory change (+/-) EUR 47,077,000.00
Capitalised own costs EUR 28,016,000.00
Other operating income EUR 32,520,000.00
Cost of materials EUR 508,457,000.00
Raw materials and supplies, purchased
goods EUR 398,656,000.00
Purchased services EUR 109,801,000.00
Gross result (+/-) EUR 317,964,000.00
Staff expenses EUR 108,362,000.00
Wages and salaries EUR 92,344,000.00
Social security contributions and
expenses for pension plans and
benefits EUR 16,018,000.00
Total depreciation EUR 19,620,000.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 19,620,000.00
Other operating expenses EUR 109,180,000.00
Operating result from continuing
operations EUR 80,802,000.00
Result from participating interests
(+/-) EUR -19,782,000.00
Expenses / income from participations
EUR 3,246,000.00
Income from related companies EUR 3,246,000.00
Expenses for participations EUR 23,028,000.00
Expenses for other participations EUR
23,028,000.00
Interest result (+/-) EUR -13,797,000.00
Interest and similar income EUR 3,148,000.00
thereof from related companies EUR 540,000.00
Interest and similar expenses EUR 16,945,000.00
thereof paid to related companies EUR 90,000.00
Other financial result EUR 110,000.00
Income from securities and loans from
financial assets EUR 110,000.00
thereof related companies EUR 100,000.00
Financial result (+/-) EUR -33,469,000.00
Result from ordinary operations (+/-) EUR
47,333,000.00
Other extraordinary income EUR -551,000.00
Income tax / refund of income tax
(+/-)EUR -13,621,000.00
Other taxes / refund of taxes EUR -65,000.00
Tax (+/-) EUR -13,686,000.00
Annual surplus / annual deficit EUR 33,096,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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.