MIRA INFORM REPORT
|
Report Date : |
28.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
EPPLE DRUCKFARBEN AG |
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Registered Office : |
Gutenbergstr. 5, D 86356 Neusäß, Post Box 101525, D 86005 Augsburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1957 |
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Com. Reg. No.: |
HRB 2106 |
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Legal Form : |
Public Limited
Company |
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Line of Business : |
Manufacture of paints, varnished and similar coatings, printing inks and mastics |
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No. of Employees
: |
200 |
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 |
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Maximum Credit Limit : |
250,000 EUR |
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|
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|
Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 30th, 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 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Epple Druckfarben AG
Gutenbergstr. 5
D 86356 Neusäß
Post Box:
101525, D 86005 Augsburg
Telephone: 0821/4603-0
Telefax: 0821/4603-200
Homepage: www.epple-druckfarben.de
E-mail: info@epple-druckfarben.de
DE221486604
LEGAL FORM Public
limited company
Date of
foundation: 1957
Registered on: 13.02.2002
Commercial Register:
Local court 86150 Augsburg
under: HRB
2106
Share capital: EUR 1,000,000.00
Joachim Erlach
Brechtstr. 30
D 86836 Untermeitingen
authorized to jointly represent the company
born: 01.05.1955
Profession: Businessman
Marital status: married
Dr. Carl Epple
D 86150 Augsburg
born: 09.04.1967
Member of the Board of
Directors:
Edgar Buck
D 86150 Augsburg
born: 21.03.1959
Member of the Board of
Directors:
Dr. Wolfgang Josten
D 53639 Königswinter
born: 20.07.1965
Rudolf Epple
Hallstr. 12
D 86150 Augsburg
born: 08.11.1925
Profession: Fully qualified chemist
Marital status: married
Karla Berz
Kappbergstr. 45
D 86391 Stadtbergen
born: 27.12.1929
née: Epple
Profession: Businessman
Marital status: married
Member of the
Supervisory Board:
Dr. Peter Brütt
D 86150 Augsburg
born: 19.05.1935
Profession: Engineer
Member of the
Supervisory Board:
Ferdinand von Sturm
D 86485 Biberbach
Profession: Fully qualified chemist
Member of the
Supervisory Board:
Dr. Carl Epple
D 86150 Augsburg
born: 09.04.1967
Member of the
Supervisory Board:
Kilian Berz
D 86391 Stadtbergen
born: 02.06.1967
Heinz Reitschuster
D 86477 Adelsried
authorized to jointly represent the company
born: 13.03.1934
Further functions/participations of Dr. Carl Epple
(Member of the Board of Directors)
Limited partner:
Carl Epple
Druckfarbenfabrik GmbH & Co. KG
siehe ONR 28245003
Gutenbergstr. 5
D 86356 Neusäß
Legal form: Ltd partnership with priv. ltd.
company as
general partner
dissolved
Total cap. EUR 153,387.56
contribution:
Share: EUR 15,338.76
Registered
on: 26.09.1966
Reg. data: 86150 Augsburg, HRA 9604
26.09.1966 -
13.02.2002 Carl Epple Druckfarbenfabrik
GmbH & Co.
KG (AG
Augsburg, HRA 9604)
Gutenbergstr. 5
D 86356
Neusäß
Ltd
partnership with priv. ltd. company
as general partner
13.02.2002 -
2002 Epple Druckfarben AG
Gutenbergstr. 5
D 86356
Neusäß
Public
limited company
05.03.2002 -
23.12.2009 Vice-president of the Board
of Directors
Dr. Klaus-Dieter
Schröter
D 86150 Augsburg
Sectors
20300 Manufacture of paints, varnished and similar
coatings, printing inks and mastics
Shareholder:
Sicolor GmbH
Benzstr. 9
D 86356 Neusäß
Legal form: Private
limited company
Company Status: active
Share capital: EUR 200,000.00
Share: EUR 52,000.00
Reg. data: 06.12.2001
Local court
86150 Augsburg
HRB 18832
Payment
experience: takes advantage of
cash discount
Negative
information: We have no negative
information at hand.
Maximum credit: 250,000
EUR
Balance sheet
year: 2009
Type of
ownership: unknown
Address Gutenbergstr.
5
D 86356 Neusäß
Real Estate of: Joachim
Erlach
Type of
ownership: Tenant
Address Brechtstr.
30
D 86836 Untermeitingen
Land register documents
were not available.
Principal bank
AUGUSTA-BANK
RAIFFEISEN-VOLKSBANK, NEUSÄß
Sort. code:
72090000, BIC: GENODEF1AUB
Further banks
UNICREDIT BANK -
HYPOVEREINSBANK, AUGSBURG, BAY
Sort. code:
72020070, BIC: HYVEDEMM408
AUGUSTA-BANK RAIFFEISEN-VOLKSBANK,
AUGSBURG, BAY
Sort. code:
72090000, Account no.: 2352141, BIC: GENODEF1AUB
Turnover: 2010 EUR 52,000,000.00
Equipment:
EUR 1,423,550.00
Ac/ts receivable:
EUR 9,897,854.00
Liabilities’:
EUR 3,097,858.00
Total numbers of vehicles: 15
- Lorries:
1
- Passenger cars:
14
Employees:
200
- thereof permanent staff: 200
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
85.42
Liquidity ratio:
10.00
Return on total capital [%]:
12.62
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
76.13
Liquidity ratio:
10.00
Return on total capital [%]:
15.25
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 46,823,763.85
Fixed assets EUR 12,519,127.67
Intangible assets EUR 257,652.14
Concessions, licences,
rights EUR 257,652.14
Tangible assets EUR 11,654,573.10
Land / similar rights EUR 5,733,699.84
Plant / machinery EUR 4,354,091.00
Other tangible assets / fixtures
and
fittings EUR 1,423,550.00
Advance payments made /
construction
in progress EUR 143,232.26
Financial assets EUR 606,902.43
Shares in participations /
subsidiaries and the like EUR 604,113.40
Shares in related
companies EUR 603,592.40
Shares in investee
companies EUR 521.00
Securities included in fixed
assets EUR 2,789.03
Current assets EUR 34,293,493.72
Stocks EUR 4,137,530.58
Raw materials, consumables and
supplies EUR 2,061,702.91
Finished goods / work in
progress EUR 2,075,827.67
Accounts receivable EUR 9,897,854.64
Trade debtors EUR 5,137,046.37
Amounts due from related
companies EUR 3,883,047.32
Other debtors and assets EUR 877,760.95
Liquid means EUR 20,258,108.50
Remaining other assets EUR 11,142.46
Accruals (assets) EUR 11,142.46
LIABILITIES
EUR 46,823,763.85
Shareholders' equity EUR 34,709,588.45
Capital EUR 1,000,000.00
Subscribed capital (share
capital) EUR 1,000,000.00
Reserves EUR 406,458.64
Capital reserves EUR 406,458.64
Balance sheet profit/loss
(+/-) EUR 33,303,129.81
Profit / loss brought
forward EUR 27,411,032.78
Annual surplus / annual
deficit EUR 5,892,097.03
Items between shareholders' equity
and
debt capital EUR 2,772,233.44
Allowances / bonuses EUR 118,857.76
Mezzanine financing EUR 2,653,375.68
Shareholder loans similar to
capital EUR 2,653,375.68
Provisions EUR 6,244,083.00
Pension provisions and comparable
provisions EUR 2,800,000.00
Provisions for taxes EUR 159,063.00
Other / unspecified
provisions EUR 3,285,020.00
Liabilities EUR 3,097,858.96
Other liabilities EUR 3,097,858.96
Trade creditors (for IAS incl.
bills
of exchange) EUR 2,205,973.08
Liabilities from received
advance
payments EUR 27,637.98
Unspecified other
liabilities EUR 864,247.90
thereof liabilities from tax /
financial authorities EUR 341,152.19
thereof liabilities from social
security EUR 0.00
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 50,003,915.43
Inventory change + own costs
(+/-) EUR -349,816.10
Inventory change (+/-) EUR -349,816.10
Other operating income EUR 1,031,570.26
Cost of materials EUR 20,690,542.70
Raw materials and supplies,
purchased
goods EUR 20,690,542.70
Gross result (+/-) EUR 29,995,126.89
Staff expenses EUR 11,410,748.45
Wages and salaries EUR 9,784,726.64
Social security contributions and
expenses for pension plans and
benefits EUR 1,626,021.81
Total depreciation EUR 2,645,131.85
Depreciation on tangible /
intangible
asssets (incl. start-up and exp.
of
bus. EUR 2,645,131.85
Other operating expenses EUR 7,691,689.90
Operating result from continuing
operations EUR
8,247,556.69
Interest result (+/-) EUR 98,428.14
Interest and similar income EUR 250,780.66
Interest and similar
expenses EUR 152,352.52
Financial result (+/-) EUR 98,428.14
Result from ordinary operations
(+/-) EUR 8,345,984.83
Income tax / refund of income tax
(+/-)EUR -2,453,887.80
Tax (+/-) EUR -2,453,887.80
Annual surplus / annual
deficit EUR 5,892,097.03
Type of balance
sheet: Company
balance sheet
Financial year: 01.01.2008 -
31.12.2008
ASSETS
EUR 41,832,877.98
Fixed assets EUR
13,167,872.31
Intangible assets EUR 359,973.19
Concessions, licences,
rights EUR 359,973.19
Tangible assets EUR 12,272,941.95
Land / similar rights EUR 6,106,023.92
Plant / machinery EUR 3,458,296.00
Other tangible assets / fixtures
and
fittings EUR 1,542,054.00
Advance payments made /
construction
in progress EUR 1,166,568.03
Financial assets EUR 534,957.17
Shares in participations /
subsidiaries and the like EUR 532,168.14
Shares in related
companies EUR 531,647.14
Shares in investee
companies EUR 521.00
Securities included in fixed
assets EUR 2,789.03
Current assets EUR 28,658,758.17
Stocks EUR 5,041,955.29
Raw materials, consumables and
supplies EUR 2,615,591.52
Finished goods / work in
progress EUR 2,425,643.77
Advance payments made EUR 720.00
Accounts receivable EUR 10,044,255.98
Trade debtors EUR 5,555,712.91
Amounts due from related
companies EUR 3,978,697.69
Other debtors and assets EUR 509,845.38
Liquid means EUR 13,572,546.90
Remaining other assets EUR 6,247.50
Accruals (assets) EUR 6,247.50
LIABILITIES EUR 41,832,877.98
Shareholders' equity EUR 29,317,491.42
Capital EUR 1,000,000.00
Subscribed capital (share
capital) EUR 1,000,000.00
Reserves EUR 406,458.64
Capital reserves EUR 406,458.64
Balance sheet profit/loss
(+/-) EUR 27,911,032.78
Profit / loss brought
forward EUR 21,559,812.78
Annual surplus / annual
deficit EUR 6,351,220.00
Items between shareholders' equity
and
debt capital EUR 127,398.29
Allowances / bonuses EUR 127,398.29
Provisions EUR
6,321,634.55
Pension provisions and comparable
provisions EUR 2,647,600.00
Provisions for taxes EUR 532,365.86
Other / unspecified
provisions EUR 3,141,668.69
Liabilities EUR 6,066,353.72
Other liabilities EUR 6,066,353.72
Trade creditors (for IAS incl.
bills
of exchange) EUR 2,552,629.60
Liabilities due to
shareholders EUR 2,573,969.80
Unspecified other
liabilities EUR 939,754.32
thereof liabilities from tax /
financial authorities EUR 268,675.44
thereof liabilities from social
security EUR 0.00
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 55,979,512.03
Inventory change + own costs
(+/-) EUR 124,437.50
Inventory change (+/-) EUR 124,437.50
Other operating income EUR 717,640.17
Cost of materials EUR 25,768,921.66
Raw materials and supplies,
purchased
goods EUR 25,768,921.66
Gross result (+/-) EUR 31,052,668.04
Staff expenses EUR 11,978,263.57
Wages and salaries EUR 10,384,829.52
Social security contributions and
expenses for pension plans and
benefits EUR 1,593,434.05
Total depreciation EUR 2,176,127.37
Depreciation on tangible /
intangible
asssets (incl. start-up and exp.
of
bus. EUR 2,176,127.37
Other operating expenses EUR 8,112,147.80
Operating result from continuing
operations EUR 8,786,129.30
Interest result (+/-) EUR 286,283.46
Interest and similar income EUR 533,890.95
Interest and similar
expenses EUR 247,607.49
Financial result (+/-) EUR 286,283.46
Result from ordinary operations
(+/-) EUR 9,072,412.76
Income tax / refund of income tax
(+/-)EUR -2,721,192.76
Tax (+/-) EUR -2,721,192.76
Annual surplus / annual deficit EUR
6,351,220.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.05 |
|
UK Pound |
1 |
Rs.77.78 |
|
Euro |
1 |
Rs.65.89 |
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.