MIRA INFORM REPORT

 

 

 

Report Date :           

30.05.2012

 

SUPPLEMENT

In the meantime there have been changes in particular in the following areas subject to monitoring:

   - Balance sheets

 

 

COMPANY NAME ADN ADDRESS

 

Adolf Thies GmbH & Co. KG

 

Company Status:      active

Hauptstr. 76

D 37083 Göttingen

Telephone:0551/790010

Telefax:  0551/7900165

Homepage: www.thiesclima.com

E-mail:   info@thiesclima.com

 

 

VAT no.       

 

DE115311033

 

 

CONCLUSION

 

 Business relations are permissible.

 

Registartion data

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                     general partner

 Date of foundation:        1945

 Begin of business

 activities:                      1945

 Registered on:              16.07.1954

 Register of

 companies:                  Local court 37073 Göttingen

 under:                          HRA 2488

 

 

Total cap. contribution              

EUR            383,468.92

 

 

Limited partner

 

Wolfgang Behrens

An der Rase 4

D 37124 Rosdorf

born: 20.08.1950

Share:             EUR            170,260.20

 

Limited partner:

Rainer Wittmers

D 37083 Göttingen

Share:             EUR            106,604.36

 

Limited partner:

Thomas Stadie

Bergstr. 4

D 37127 Dransfeld

born: 28.11.1960

Share:             EUR            106,604.36

 

General partner:

Thies Verwaltungs- und

Beteiligungsgesellschaft mit beschränkter

Haftung

Hauptstr. 76

D 37083 Göttingen

Legal form: Private limited company

Share capital:     EUR             26,550.00

Registered on: 19.12.1973

Reg. data: 37073 Göttingen, HRB 721

 

Shareholder:

Klaus Thies

Meininger Weg 73

D 37085 Göttingen

born: 25.03.1945

Share:             EUR             11,300.00

 

Shareholder:

Wolfgang Behrens

An der Rase 4

D 37124 Rosdorf

born: 20.08.1950

Share:             EUR              6,750.00

 

Shareholder:

Thomas Stadie

Bergstr. 4

D 37127 Dransfeld

born: 28.11.1960

Share:             EUR              4,250.00

 

Shareholder:

Rainer Wittmers

Adenauerstr. 18

D 59457 Werl

born: 12.09.1956

Share:             EUR              4,250.00

 

Manager:

Wolfgang Behrens

An der Rase 4

D 37124 Rosdorf

having sole power of representation

born: 20.08.1950

Profession: Businessman

Marital status: married

 

Proxy:

Thomas Stadie

Bergstr. 4

D 37127 Dransfeld

having sole power of representation

born: 28.11.1960

 

 

FURTHER FUNCTIONS/PARTICIPATIONS OF THIES VERWALTUNGS- UND BETEILIGUNGSGESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG (GENERAL PARTNER)

 

General partner:

Thies Vermögensverwaltungs GmbH & Co. KG

Hauptstr. 76

D 37083 Göttingen

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR             99,620.00

contribution:

Registered

on:         07.10.2008

Reg. data:  37073 Göttingen, HRA 200296

 

General partner:

SFE Sensor Forschungs- und Entwicklungs GmbH

& Co.KG

Hauptstr. 76

D 37083 Göttingen

Legal form: Ltd partnership with priv. ltd.

company as general partner in

liquidation

Total cap.         EUR            100,000.00

contribution:

Registered

on:         26.01.2007

Reg. data:  37073 Göttingen, HRA 200097

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 26512   Manufacture of instruments and appliances for measuring, testing and navigation

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2010

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Hauptstr. 76

                      D 37083 Göttingen

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Hauptstr. 78a

                      D 37083 Göttingen

 

 Real Estate of:      Thies Verwaltungs- und

                      Beteiligungsgesellschaft mit beschränkter

                      Haftung

 Type of ownership:   Tenant

 Address              Hauptstr. 76

                      D 37083 Göttingen

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 SPARKASSE GÖTTINGEN, GÖTTINGEN, NIEDERSACHS

 Sort. code: 26050001, BIC: NOLADE21GOE

 

 Further banks

 DEUTSCHE BANK, GÖTTINGEN, NIEDERSACHS

 Sort. code: 26070072, BIC: DEUTDE2H260

 COMMERZBANK, GÖTTINGEN, NIEDERSACHS

 Sort. code: 26040030, BIC: COBADEFF260

 RAIFFEISENBANK, ROSDORF, KR GÖTTINGEN

 Sort. code: 26062575, BIC: GENODEF1RDO

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2010               EUR         18,370,878.00

 Profit:              2010               EUR          5,399,165.00

 Equipment:                              EUR            417,519.00

 Ac/ts receivable:                       EUR          2,312,339.00

 Liabillities:                           EUR          7,968,959.00

 Employees:                                                     90

 - thereof permanent staff:                                     89

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 56.91

 Liquidity ratio:                  10.00

 Return on total capital [%]:      40.29

 

 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:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR         13,399,689.47

  Fixed assets                           EUR          3,788,193.00

   Intangible assets                     EUR             19,778.00

    Concessions, licences, rights        EUR             19,778.00

   Tangible assets                       EUR          3,757,215.00

    Land / similar rights                EUR          2,651,826.00

    Plant / machinery                    EUR            680,610.00

    Other tangible assets / fixtures and

    fittings                             EUR            417,519.00

    Advance payments made / construction

    in progress                          EUR              7,260.00

   Financial assets                      EUR             11,200.00

    Shares in participations /

    subsidiaries and the like            EUR             11,200.00

     Shares in cooperatives              EUR             11,200.00

  Current assets                         EUR          9,601,050.43

   Stocks                                EUR          1,751,698.00

    Raw materials, consumables and

    supplies                             EUR            719,199.00

    Finished goods / work in progress    EUR          1,032,499.00

   Accounts receivable                   EUR          2,312,338.98

    Trade debtors                        EUR          2,179,753.72

    Amounts due from affiliated companiesEUR             88,060.79

    Other debtors and assets             EUR             44,524.47

   Liquid means                          EUR          5,537,013.45

  Remaining other assets                 EUR             10,446.04

   Accruals (assets)                     EUR             10,446.04

 

 LIABILITIES                             EUR         13,399,689.47

  Shareholders' equity                   EUR          1,111,931.75

   Capital                               EUR          1,111,931.75

    Capital of the fully liable partner

    (LP, general partnership)            EUR            115,731.75

     Capital contribution of gen.

     partner/accounts of the pers. liable

     shareholder                         EUR            115,731.75

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR            996,200.00

  Provisions                             EUR          4,288,309.00

   Provisions for taxes                  EUR            251,300.00

   Other / unspecified provisions        EUR          4,037,009.00

  Liabilities                            EUR          7,968,958.72

   Other liabilities                     EUR          7,968,958.72

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            675,106.71

    Liabilities from received advance

    payments                             EUR            319,773.44

    Liabilities due to shareholders      EUR          6,514,263.57

    Unspecified other liabilities        EUR            459,815.00

     thereof liabilities from tax /

     financial authorities               EUR            431,406.96

  Other liabilities                      EUR             30,490.00

   Deferred taxes (not included under

   provisions/liabilities)               EUR             30,490.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         18,370,878.08

  Staff expenses                         EUR          8,711,416.82

   Wages and salaries                    EUR          7,835,190.82

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            876,226.00

  Total depreciation                     EUR            305,147.61

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            305,147.61

  Other operating expenses               EUR          2,251,284.16

  Operating result from continuing

  operations                             EUR          7,103,029.49

  Interest result (+/-)                  EUR            -71,942.39

   Interest and similar income           EUR             62,536.21

   Interest and similar expenses         EUR            134,478.60

  Financial result (+/-)                 EUR            -71,942.39

  Result from ordinary operations (+/-)  EUR          7,031,087.10

  Income tax / refund of income tax (+/-)EUR         -1,630,458.50

  Other taxes / refund of taxes          EUR             -1,463.29

  Tax (+/-)                              EUR         -1,631,921.79

  Annual surplus / annual deficit      EUR          5,399,165.31


MIRA INFORM REPORT

 

Report Date :           

17.06.2011

 

IDENTIFICATION DETAILS

 

Name :

ADOLF THIES GMBH & CO. KG

 

 

Registered Office :

Hauptstr. 76, D 37083 Göttingen

 

 

Country :

Germany

 

 

Date of Incorporation :

16.07.1954

 

 

Com. Reg. No.:

HRA 2488

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacturer of instruments and appliances for measuring,  testing and navigation

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

250,000 EUR

Status :

Satisfactory

Payment Behaviour :

Regular

Litigation :

Clear

 


 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

Company name

 

Adolf Thies GmbH & Co. KG

 

Main address:      

Hauptstr. 76

D 37083 Göttingen

Telephone:        0551/79001-0

Telefax:             0551/79001-65

Homepage:        www.thiesclima.com

E-mail:              info@thiesclima.com

 

 

VAT no.        

 

DE115311033

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:        1945

 Registered on:              16.07.1954

 Register of

 companies:                  Local court 37073 Göttingen

 under:                          HRA 2488

 Total cap. contribution:  EUR            383,468.92

 

 

Limited partner

 

Wolfgang Behrens

An der Rase 4

D 37124 Rosdorf

born: 20.08.1950

Share:             EUR            170,260.20


Limited partner:

Rainer Wittmers

D 37083 Göttingen

Share:             EUR            106,604.36

 

Limited partner:

Thomas Stadie

Bergstr. 4

D 37127 Dransfeld

born: 28.11.1960

Share:             EUR            106,604.36

 

 

General partner

 

Thies Verwaltungs- und

Beteiligungsgesellschaft mit beschränkter

Haftung

Hauptstr. 76

D 37083 Göttingen

Legal form: Private limited company

Share capital:     EUR             26,550.00

Registered on: 19.12.1973

Reg. data: 37073 Göttingen, HRB 721

 

 

Shareholder

 

Klaus Thies

Meininger Weg 73

D 37085 Göttingen

born: 25.03.1945

Share:             EUR             11,300.00

 

Shareholder:

Wolfgang Behrens

An der Rase 4

D 37124 Rosdorf

born: 20.08.1950

Share:             EUR              6,750.00

 

Shareholder:

Rainer Wittmers

Vinckestr. 3

D 59457 Werl

born: 12.09.1956

Share:             EUR              4,250.00


Shareholder:

Thomas Stadie

Bergstr. 4

D 37127 Dransfeld

born: 28.11.1960

Share:             EUR              4,250.00

 

 

Manager

 

Wolfgang Behrens

An der Rase 4

D 37124 Rosdorf

having sole power of representation

born: 20.08.1950

Profession: Businessman

Marital status: married

 

 

Proxy

 

Thomas Stadie

Bergstr. 4

D 37127 Dransfeld

having sole power of representation

born: 28.11.1960

 

 

Further functions/participations of Thies Verwaltungs- und Beteiligungsgesellschaft mit beschränkter Haftung  (General partner)

 

General partner:

SFE Sensor Forschungs- und Entwicklungs GmbH

& Co.KG

Hauptstr. 76

D 37083 Göttingen

Legal form: Ltd partnership with priv. ltd.

company as general partner in

liquidation

Total cap.         EUR            100,000.00

contribution:

Registered

on:         26.01.2007

Reg. data:  37073 Göttingen, HRA 200097


General partner:

Thies Vermögensverwaltungs GmbH & Co. KG

Hauptstr. 76

D 37083 Göttingen

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR             99,620.00

contribution:

Registered

on:         07.10.2008

Reg. data:  37073 Göttingen, HRA 200296

 

 

BUSINESS ACTIVITIES

 

Sectors

26512   Manufacture of instruments and appliances for measuring,  testing and navigation

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:     We have no negative information at hand.

 

 Maximum credit:           250,000 EUR

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Hauptstr. 76

                                    D 37083 Göttingen

 

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Hauptstr. 78a

                                    D 37083 Göttingen

 

 Real Estate of:              Thies Verwaltungs- und

                                    Beteiligungsgesellschaft mit beschränkter

                                    Haftung

 

 Type of ownership:        Tenant

 Address                       Hauptstr. 76

                                    D 37083 Göttingen

 

 Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, GÖTTINGEN, NIEDERSACHS

Sort. code: 26070072, BIC: DEUTDE2H260

 

COMMERZBANK, GÖTTINGEN, NIEDERSACHS

Sort. code: 26040030, BIC: COBADEFF260

 

SPARKASSE GÖTTINGEN, GÖTTINGEN, NIEDERSACHS

Sort. code: 26050001, BIC: NOLADE21GOE

 

RAIFFEISENBANK, ROSDORF, KR GÖTTINGEN

Sort. code: 26062575, BIC: GENODEF1RDO

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Gross profit or loss:2009               EUR         12,000,000.00

                      2010               EUR         12,500,000.00

 further business figures:

 Equipment:                              EUR            800,000.00

 Ac/ts receivable:                       EUR            750,000.00

 Liabillities:                           EUR            200,000.00

 Employees:                                                     88

 - thereof permanent staff:                                     87

 

The aforementioned business figures may partly be estimated  information based on average values in the line of business.


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.58

UK Pound

1

Rs.87.14

Euro

1

Rs.69.73

 

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.