MIRA INFORM REPORT

 

 

Report Date :

24.05.2012

 

IDENTIFICATION DETAILS

 

Name :

SMS SIEMAG AKTIENGESELLSCHAFT

 

 

Registered Office :

Eduard-Schloemann-Str. 4 D 40237 Düsseldorf Post Box: 32 02 29

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

25.09.1972

 

 

Com. Reg. No.:

HRB 25779

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture of other general-purpose machinery

 

 

No. of Employees :

3,500

 

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

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 adn address

 

SMS Siemag Aktiengesellschaft

 

Company Status:      active

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Post Box:

32 02 29

Telephone:0211/881-0

Telefax:  0211/881-4902

Homepage: www.sms-siemag.com

E-mail:   communications@sms-siemag.com

 

 

VAT no.            

 

DE811136276

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Public limited company

 Date of foundation:        25.09.1972

 Registered on:              27.06.1990

 Commercial Register:    Local court 40213 Düsseldorf

 under:                          HRB 25779

 

 

Share capital                         

 

 EUR         52,000,000.00

 

 

Shareholder

 

SMS GmbH

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Post Box:

23 02 29

Legal form: Private limited company

Share capital:     EUR         52,000,000.00

Share:                             100.000 %

Registered on: 29.12.2003

Reg. data: 40213 Düsseldorf, HRB 49121

Control and profit transfer agreement

 

President of the Board of Directors:

Burkhard Dahmen

D 41464 Neuss

born: 15.02.1964

Profession: Businessman

 

Member of the Board of Directors:

Dieter Rosenthal

Bergstr. 22a

D 57572 Niederfischbach

born: 03.03.1954

 

Member of the Board of Directors:

Eckhard Schulte

Seiffener Str. 10

D 57271 Hilchenbach

born: 18.01.1956

Profession: Fully qualified financial expert

 

Member of the Board of Directors:

Dr. Ing. Guido Kleinschmidt

D 47441 Moers

born: 28.10.1968

 

Member of the Board of Directors:

Rüdiger Zerbe

D 41460 Neuss

born: 26.10.1965

 

President of the Supervisory Board:

Dr.e.h. Rudolf Rupprecht

D 86153 Augsburg

born: 12.01.1940

Profession: Engineer

 

Vice-president of the Supervisory Board:

Detlef Wetzel -Kaufmann-

D 57223 Kreuztal


Proxy

 

Michael Schäfer

Franz-Holzmann-Str. 29

D 69214 Eppelheim

authorized to jointly represent the company

born: 21.09.1970

Profession: Businessman

 

Proxy:

Holger Behrens

Schinkelstr. 37

D 40699 Erkrath

authorized to jointly represent the company

born: 10.09.1967

Profession: graduate engineer

Marital status: married

 

Proxy:

Michael Rzepczyk

D 46535 Dinslaken

authorized to jointly represent the company

born: 11.06.1966

 

Proxy:

Reiner Kuelchen

D 47798 Krefeld

authorized to jointly represent the company

born: 31.07.1963

 

Proxy:

Heinz Niehues

D 57271 Hilchenbach

authorized to jointly represent the company

born: 05.04.1961

 

Proxy:

Dr. Sabine Schmeinck

D 50667 Köln

authorized to jointly represent the company

born: 21.12.1965

 

Proxy:

Michael Klein

D 57072 Siegen

authorized to jointly represent the company

born: 18.05.1971

 

Proxy:

Detlef Ehlert

D 57271 Hilchenbach

authorized to jointly represent the company

born: 20.05.1957

 

Proxy:

Axel Sprenger

D 40237 Düsseldorf

authorized to jointly represent the company

born: 20.07.1951

 

Proxy:

Heinz-Josef Dresenkamp

D 46045 Oberhausen

authorized to jointly represent the company

born: 17.02.1954

 

Proxy:

Lutz Labisch

D 40237 Düsseldorf

authorized to jointly represent the company

born: 22.05.1979

 

Proxy:

Dr. Erich Hovestädt

D 46414 Rhede

authorized to jointly represent the company

born: 31.07.1959

 

Proxy:

Dr. Olaf Jepsen

D 57072 Siegen

authorized to jointly represent the company

born: 05.11.1960

 

Proxy:

Dr. Fritz Brühl

D 40237 Düsseldorf

authorized to jointly represent the company

born: 02.03.1972

 

Proxy:

Dr. Rolf Degel

D 40878 Ratingen

authorized to jointly represent the company

born: 21.07.1966

Profession: Engineer

 

Proxy:

Dr. Andreas Schumann

D 45768 Marl

authorized to jointly represent the company

born: 09.01.1961

Profession: Engineer

 

Proxy:

Dr. Thomas Germershausen

D 40882 Ratingen

authorized to jointly represent the company

born: 02.07.1963

Profession: Engineer

 

Proxy:

Rudi Müller

D 47051 Duisburg

authorized to jointly represent the company

born: 19.01.1951

 

 

Further functions/participations of Burkhard Dahmen

(President of  the Board of Directors)

 

Manager:

SMS GmbH

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Post Box:

23 02 29

Legal form: Private limited company

Share capital:     EUR         52,000,000.00

Registered

on:         29.12.2003

Reg. data:  40213 Düsseldorf, HRB 49121

 

Manager:

SMS Holding GmbH

Wiesenstr. 30

D 57271 Hilchenbach

Legal form: Private limited company

Share capital:     EUR         10,000,000.00

Registered

on:         01.01.2005

Reg. data:  57072 Siegen, HRB 7749

 

 

FURTHER FUNCTIONS/PARTICIPATIONS OF ECKHARD SCHULTE

 

(Member of  the Board of Directors)

Manager:

SMS GmbH

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Post Box:

23 02 29

Legal form: Private limited company

Share capital:     EUR         52,000,000.00

Registered

on:         29.12.2003

Reg. data:  40213 Düsseldorf, HRB 49121

 

Manager:

SMS Holding GmbH

Wiesenstr. 30

D 57271 Hilchenbach

Legal form: Private limited company

Share capital:     EUR         10,000,000.00

Registered

on:         01.01.2005

Reg. data:  57072 Siegen, HRB 7749

 

Member of the Supervisory Board:

elexis AG

Industriestr. 1

D 57482 Wenden

Legal form: Public limited company

Share capital:     EUR         23,552,000.00

Registered

on:         27.08.2003

Reg. data:  57072 Siegen, HRB 7549

 

Proxy:

Siemag Weiss GmbH & Co. KG

Wiesenstr. 30

D 57271 Hilchenbach

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR         24,975,000.00

contribution:

Registered

on:         02.03.1973

Reg. data:  57072 Siegen, HRA 5230

 

 

COMPANY HISTORY

 

 25.09.1972 - 19.11.1973  Schloemann-Siemag GmbH

                          Eduard-Schloemann-Str. 4

                          D 40237 Düsseldorf

                          Private limited company

 20.11.1973 - 09.10.1990  SMS Hüttentechnik AG

                          Eduard-Schloemann-Str. 4

                          D 40237 Düsseldorf

                          Public limited company

 10.10.1990 - 02.09.1999  SMS Schloemann-Siemag Aktiengesellschaft

                          Eduard-Schloemann-Str. 4

                          D 40237 Düsseldorf

                          Public limited company

 02.09.1999 - 25.03.2009  SMS Demag Aktiengesellschaft

                          Eduard-Schloemann-Str. 4

                          D 40237 Düsseldorf

                          Public limited company

 25.03.2009 - 25.03.2009  SMS Siemag Aktiengesellschaft

                          Eduard-Schloemann-Str. 4

                          D 40237 Düsseldorf

                          Public limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 27.04.2004 - 06.01.2012  President of the Board of Directors

                          Dr. Kay Mayland

                          D 51503 Rösrath

 11.02.2004 - 06.01.2012  Member of the Board of Directors

                          Burkhard Dahmen

                          D 41464 Neuss

 

 

BUSINESS ACTIVITIES

 

 Sectors

 28290   Manufacture of other general-purpose machinery

28410   Manufacture of metal forming machinery

71112   Interior design

 

BRANCHES AND FACTORIES

 

Branch:

SMS Siemag Aktiengesellschaft

Wiesenstr. 30

D 57271 Hilchenbach

TEL.: 02733/29-0

FAX.: 02733/29-2851

 

 

Branch:

SMS Siemag Aktiengesellschaft

Wolfgang-Reuter-Platz

D 47053 Duisburg

TEL.: 0203/60930

 

Branch:

SMS Siemag Aktiengesellschaft

Wiesenstr. 30

D 57271 Hilchenbach

TEL.: 02733/290

FAX.: 02733/292852

 

Branch:

SMS Siemag Aktiengesellschaft

Ohlerkirchweg 66

D 41069 Mönchengladbach

 

Branch:

SMS Siemag Aktiengesellschaft

Daniel-Goldbach-Str. 17-19

D 40880 Ratingen

TEL.: 02102/97-6

 

Branch:

SMS Siemag Aktiengesellschaft

Albrecht-Dürer-Str. 9

D 52351 Düren

TEL.: 02421/1803-0

 

Branch:

SMS Siemag Aktiengesellschaft

-Niederlassung-

Walder Str. 51-53

D 40724 Hilden

 

Branch:

SMS Siemag Aktiengesellschaft

Wittgensteiner Str. 1

D 57271 Hilchenbach

 

Branch:

SMS Siemag Aktiengesellschaft

Ivo-Beucker-Str. 43

D 40237 Düsseldorf

TEL.: 0211/881-5895

 

Branch:

SMS Siemag Aktiengesellschaft

Obere Industriestr. 8

D 57250 Netphen

TEL.: 02738/21-0

FAX.: 02738/21-2222

 

 

PARTICIPATIONS

 

Limited partner:

SMS Sack GmbH & Co. KG.

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Ltd partnership with priv. ltd.

company as general partner

Company Status: active

Total cap.         EUR          5,199,900.00

contribution:

Share:             EUR          5,199,900.00

Reg. data:  04.11.2004

Local court 40213 Düsseldorf

HRA 17725

 

Limited partner:

LUX Elektrotechnik und Automation GmbH & Co.

KG

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Ltd partnership with priv. ltd.

company as general partner

Company Status: dissolved  since: 19.08.2010

Total cap.         EUR            100,000.00

contribution:

Share:             EUR            100,000.00

Reg. data:  19.12.2008

Local court 40213 Düsseldorf

HRA 20360

 

Limited partner:

SIEMAG Köhne Marking Systems GmbH & Co. KG

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Ltd partnership with priv. ltd.

company as general partner

Company Status: dissolved  since: 24.03.2011

Total cap.         EUR            100,000.00

contribution:

Share:             EUR            100,000.00

Reg. data:  03.02.2009

Local court 40213 Düsseldorf

HRA 20427

 

 

Limited partner:

SMS Versorgungswerk GmbH & Co. KG

Wiesenstr. 30

D 57271 Hilchenbach

Legal form: Ltd partnership with priv. ltd.

company as general partner

Company Status: active

Total cap.         EUR            100,000.00

contribution:

Share:             EUR             68,110.00

Reg. data:  14.06.2011

Local court 57072 Siegen

HRA 8609

 

Shareholder:

DOC Dortmunder Oberflächenzentrum GmbH

Eberhardstr. 12

D 44145 Dortmund

Legal form: Private limited company

Company Status: dissolved  since: 30.03.2011

Share capital:     EUR          5,880,000.00

Share:             EUR          1,464,120.00

Reg. data:  17.09.1999

Local court 44135 Dortmund

HRB 13906

 

Shareholder:

SMS Demag-Brandenburg Engineering

Gesellschaft für Hüttentechnische Anlagen

mit beschränkter Haftung

Behlertstr. 28a

D 14469 Potsdam

Legal form: Private limited company

Company Status: dissolved  since: 17.03.2008

Share capital:     EUR          1,200,000.00

Share:             EUR          1,200,000.00

Reg. data:  10.08.1990

Local court 14467 Potsdam

HRB 247 P

 

Shareholder:

GFI-Industriemontagen Gesellschaft mit

beschränkter Haftung

Tölzer Str. 15

D 82031 Grünwald

Legal form: Private limited company

Company Status: active

Share capital:     EUR          3,552,400.00

Share:             EUR          1,043,900.00

Reg. data:  28.08.2006

Local court 80797 München

HRB 163617

 

Shareholder:

SMS MEVAC GmbH

Bamlerstr. 3a

D 45141 Essen

Legal form: Private limited company

Company Status: active

Share capital:     EUR            600,000.00

Share:             EUR            600,000.00

Reg. data:  21.02.2000

Local court 45130 Essen

HRB 14045

Shareholder:

 

SMS LUBRICATION GmbH

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Private limited company

Company Status: active

Share capital:     EUR            500,000.00

Share:             EUR            325,000.00

Reg. data:  07.07.2008

Local court 40213 Düsseldorf

HRB 59084

 

Shareholder:

LUX Automation GmbH

Heerstr. 23

D 45478 Mülheim

Legal form: Private limited company

Company Status: active

Share capital:     EUR            260,000.00

Share:             EUR            260,000.00

Reg. data:  29.07.1981

Local court 47051 Duisburg

HRB 14514

 

Shareholder:

Fontaine Engineering und Maschinen GmbH

Industriestr. 28

D 40764 Langenfeld

Legal form: Private limited company

Company Status: active

Share capital:     EUR            260,000.00

Share:             EUR            260,000.00

Reg. data:  26.06.1979

Local court 40213 Düsseldorf

HRB 45051

 

 

Shareholder:

EPI Industrieanlagenplanung GmbH

Schultenstr. 27

D 45739 Oer-Erkenschwick

Legal form: Private limited company

Company Status: active

Share capital:     EUR            260,000.00

Share:             EUR            260,000.00

Reg. data:  14.12.2001

Local court 45657 Recklinghausen

HRB 4696

 

Shareholder:

surcon GmbH

Dieselstr. 55

D 42579 Heiligenhaus

Legal form: Private limited company

Company Status: active

Share capital:     EUR            500,000.00

Share:             EUR            255,000.00

Reg. data:  02.04.2009

Local court 42103 Wuppertal

HRB 21850

 

Shareholder:

DUMA Maschinen- und Anlagenbau GmbH

Theodor-Heuss-Str. 99

D 47167 Duisburg

Legal form: Private limited company

Company Status: active

Share capital:     EUR            125,000.00

Share:             EUR            125,000.00

Reg. data:  06.02.1979

Local court 47051 Duisburg

HRB 2502

 

Shareholder:

Intertube Project GmbH

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Private limited company

Company Status: dissolved  since: 06.11.2008

Share capital:     EUR            100,000.00

Share:             EUR            100,000.00

Reg. data:  16.05.2002

Local court 40213 Düsseldorf

HRB 42495

 

Shareholder:

SIV Siegerländer Industrieverpackungs GmbH

Siegener Str. 200

D 57223 Kreuztal

Legal form: Private limited company

Company Status: active

Share capital:     EUR            110,000.00

Share:             EUR             55,000.00

Reg. data:  29.04.1985

Local court 57072 Siegen

HRB 2847

 

Shareholder:

SIEMAG GmbH

Obere Industriestr. 8

D 57250 Netphen

Legal form: Private limited company

Company Status: active

Share capital:     EUR             35,000.00

Share:             EUR             35,000.00

Reg. data:  22.04.2009

Local court 57072 Siegen

HRB 8833

 

Shareholder:

SMS Logistiksysteme GmbH

Obere Industriestr. 8

D 57250 Netphen

Legal form: Private limited company

Company Status: active

Share capital:     EUR             35,000.00

Share:             EUR             35,000.00

Reg. data:  07.04.2010

Local court 57072 Siegen

HRB 9138

 

Shareholder:

Unterstützungseinrichtung SMS

Schloemann-Siemag Gesellschaftmit

beschränkter Haftung

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Private limited company

Company Status: in         since: 31.10.2011

liquidation

Share capital:     EUR             26,000.00

Share:             EUR             26,000.00

Reg. data:  16.01.1941

Local court 40213 Düsseldorf

HRB 240

 

Shareholder:

BAND-ZINK-GMBH Bandbeschichtungs- und

Bandverzinkungsanlagen.

Industriestr. 59

D 40764 Langenfeld

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,600.00

Share:             EUR             25,600.00

Reg. data:  01.04.1979

Local court 40213 Düsseldorf

HRB 45030

 

Shareholder:

LUX Elektrotechnik und Automation

Verwaltungs GmbH

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Reg. data:  15.12.2008

Local court 40213 Düsseldorf

HRB 60045

 

Shareholder:

SMS Sack Verwaltungs GmbH

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Reg. data:  19.08.2004

Local court 40213 Düsseldorf

HRB 50347

 

Shareholder:

SIEMAG Köhne Verwaltungs GmbH

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Reg. data:  29.01.2009

Local court 40213 Düsseldorf

HRB 60339

 

Shareholder:

Unterstützungseinrichtung SMS Siemag

Gesellschaft mit beschränkter Haftung

Eduard-Schloemann-Str. 4

D 40237 Düsseldorf

Legal form: Private limited company

Company Status: in         since: 06.09.2011

liquidation

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Reg. data:  30.06.2000

Local court 40213 Düsseldorf

HRB 39170

 

 

FINANCIAL INFORMATION

 

 Payment experience:  in top condition

 

 Negative information:We have no negative information at hand.

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Eduard-Schloemann-Str. 4

                      D 40237 Düsseldorf

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK VORMALS DRESDNER BANK, DÜSSELDORF

 Sort. code: 30080000, BIC: DRESDEFF300

 

 Further banks

 DEUTSCHE BANK, DÜSSELDORF

 Sort. code: 30070010, BIC: DEUTDEDDXXX

 COMMERZBANK, DÜSSELDORF

 Sort. code: 30040000, BIC: COBADEDDXXX

 BUNDESBANK, DÜSSELDORF

 Sort. code: 30000000, BIC: MARKDEF1300

 BUNDESBANK EH SIEGEN, HAGEN, WESTF

 Sort. code: 46000000, BIC: MARKDEF1460

 

 

FINANCIAL FIGURES

 

 Employees:                                                  3,500

 

 Control and profit transfer agreement to:

                      SMS GmbH

                      Eduard-Schloemann-Str. 4

                      D 40237 Düsseldorf

                      Post Box:

                      23 02 29

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                  5.82

 Liquidity ratio:                   3.12

 Return on total capital [%]:       0.06

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                  6.82

 Liquidity ratio:                   1.50

 Return on total capital [%]:       3.30

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                  7.31

 Return on total capital [%]:       4.59

 

 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      1,547,274,168.02

  Fixed assets                           EUR        163,041,505.75

   Intangible assets                     EUR          9,019,919.79

    Concessions, licences, rights        EUR          6,563,178.27

    Goodwill                             EUR          2,331,705.52

    Advance payments for intang. assets  EUR              7,500.00

    Other / unspecified intangible assetsEUR            117,536.00

   Tangible assets                       EUR         35,352,335.93

    Land / similar rights                EUR          5,714,024.35

    Plant / machinery                    EUR          7,787,427.00

    Other tangible assets / fixtures and

    fittings                             EUR         17,690,722.86

    Advance payments made / construction

    in progress                          EUR          4,160,161.72

   Financial assets                      EUR        118,669,250.03

    Shares in participations /

    subsidiaries and the like            EUR        118,538,674.82

     Shares in related companies         EUR        118,302,701.32

     Shares in investee companies        EUR            235,973.50

    Other loans                          EUR            130,575.21

  Current assets                         EUR      1,374,550,624.40

   Stocks                                EUR                  0.00

    Other / unspecified stocks           EUR      2,151,799,546.28

    Minus received advance payments for

    orders / installments for stocks     EUR     -2,151,799,546.28

   Accounts receivable                   EUR        788,252,315.77

    Trade debtors                        EUR        160,144,356.44

    Other debtors and assets             EUR        628,107,959.33

   Liquid means                          EUR        586,298,308.63

  Remaining other assets                 EUR          9,682,037.87

   Accruals (assets)                     EUR          9,682,037.87

 

 LIABILITIES                             EUR      1,547,274,168.02

  Shareholders' equity                   EUR         98,155,637.16

   Capital                               EUR         52,000,000.00

    Subscribed capital (share capital)   EUR         52,000,000.00

   Reserves                              EUR         46,155,637.16

    Capital reserves                     EUR         37,974,967.06

    Retained earnings / revenue reserves EUR          8,180,670.10

  Provisions                             EUR        612,420,757.48

   Pension provisions and comparable

   provisions                            EUR        261,514,719.00

   Other / unspecified provisions        EUR        350,906,038.48

  Liabilities                            EUR        836,697,773.38

   Financial debts                       EUR         19,999,363.46

   Other liabilities                     EUR        816,698,409.92

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR        120,594,075.15

    Liabilities from received advance

    payments                             EUR        618,769,206.73

    Unspecified other liabilities        EUR         77,335,128.04

  Guarantees and other commitments       EUR         11,731,471.47

   Guarantees / warranties               EUR         11,731,471.47

    Guarantees                           EUR          8,197,138.72

    Warranties                           EUR          3,534,332.75

  Sales                                  EUR      1,395,544,416.75

  Manufacturing costs                    EUR      1,167,731,136.57

  Gross result on sales                  EUR        227,813,280.18

  Distribution costs                     EUR        100,172,623.67

  General administration expenses        EUR         47,383,308.60

  Other operating income                 EUR         15,038,001.52

  Other operating expenses               EUR        149,392,605.75

  Operating result from continuing

  operations                             EUR        -54,097,256.32

  Result from participating interests

  (+/-)                                  EUR         66,456,865.49

  Interest result (+/-)                  EUR        -10,568,467.68

  Financial result (+/-)                 EUR         55,888,397.81

  Result from ordinary operations (+/-)  EUR          1,791,141.49

  Expenses for transfer of profits to a

  parent company                         EUR            884,735.70

  Income tax / refund of income tax (+/-)EUR           -906,405.79

  Tax (+/-)                              EUR           -906,405.79

  Annual surplus / annual deficit        EUR                  0.00

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR      1,399,300,317.82

  Fixed assets                           EUR        207,908,196.06

   Intangible assets                     EUR          5,857,610.00

    Concessions, licences, rights        EUR          5,812,110.00

    Advance payments for intang. assets  EUR             45,500.00

   Tangible assets                       EUR         27,932,413.29

    Plant / machinery                    EUR          7,837,427.06

    Other tangible assets / fixtures and

    fittings                             EUR         15,341,176.32

    Advance payments made / construction

    in progress                          EUR          4,753,809.91

   Financial assets                      EUR        174,118,172.77

    Shares in participations /

    subsidiaries and the like            EUR        173,916,518.45

     Shares in related companies         EUR        173,193,852.48

     Shares in investee companies        EUR            722,665.97

    Other loans                          EUR            201,654.32

  Current assets                         EUR      1,168,049,109.37

   Stocks                                EUR                  0.00

    Other / unspecified stocks           EUR      1,787,188,321.24

    Minus received advance payments for

    orders / installments for stocks     EUR     -1,787,188,321.24

   Accounts receivable                   EUR      1,149,980,079.82

    Trade debtors                        EUR        145,875,015.02

    Amounts due from related companies   EUR        969,963,016.46

    Other debtors and assets             EUR         34,142,048.34

   Liquid means                          EUR         18,069,029.55

  Remaining other assets                 EUR         23,343,012.39

   Accruals (assets)                     EUR         23,343,012.39

 

 LIABILITIES                             EUR      1,399,300,317.82

  Shareholders' equity                   EUR         98,155,637.16

   Capital                               EUR         52,000,000.00

    Subscribed capital (share capital)   EUR         52,000,000.00

   Reserves                              EUR         46,155,637.16

    Capital reserves                     EUR         37,974,967.06

    Retained earnings / revenue reserves EUR          8,180,670.10

  Provisions                             EUR        515,508,902.73

   Pension provisions and comparable

   provisions                            EUR        246,837,956.00

   Other / unspecified provisions        EUR        268,670,946.73

  Liabilities                            EUR        785,635,777.93

   Financial debts                       EUR         61,887,041.01

   Other liabilities                     EUR        723,748,736.92

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR        138,849,704.29

    Liabilities from received advance

    payments                             EUR        505,465,559.78

    Unspecified other liabilities        EUR         79,433,472.85

  Guarantees and other commitments       EUR         44,482,404.74

   Guarantees / warranties               EUR         44,482,404.74

    Guarantees                           EUR         44,168,204.74

    Warranties                           EUR            314,200.00

  Sales                                  EUR      1,131,295,924.87

  Manufacturing costs                    EUR        871,337,045.10

  Gross result on sales                  EUR        259,958,879.77

  Other operating income                 EUR         20,176,178.94

  Other operating expenses               EUR        320,650,192.93

  Operating result from continuing

  operations                             EUR        -40,515,134.22

  Result from participating interests

  (+/-)                                  EUR         60,372,202.82

  Interest result (+/-)                  EUR         27,971,855.26

  Financial result (+/-)                 EUR         88,344,058.08

  Result from ordinary operations (+/-)  EUR         47,828,923.86

  Expenses for transfer of profits to a

  parent company                         EUR         46,076,383.35

  Income tax / refund of income tax (+/-)EUR         -1,752,540.51

  Tax (+/-)                              EUR         -1,752,540.51

  Annual surplus / annual deficit      EUR                  0.00


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.93

UK Pound

1

Rs.88.15

Euro

1

Rs.70.88

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.