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Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
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Name : |
SUZLON WINDENERGIE GMBH |
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Registered Office : |
Wasserstr. 223 D 44799 Bochum |
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Country : |
Germany |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
04.12.2006 |
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Com. Reg. No.: |
HRB 11235 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Management of holding companies |
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No. of Employees : |
1 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth
largest economy in the world in PPP terms and Europe's largest - is a leading
exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, contributed to strong growth in 2006 and
2007 and falling unemployment. These advances, as well as a government
subsidized, reduced working hour scheme, help explain the relatively modest
increase in unemployment during the 2008-09 recession - the deepest since World
War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew
by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to
rebounding manufacturing orders and exports - increasingly outside the Euro
Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a
reflection of the worsening euro-zone financial crisis and the financial burden
it places on Germany as well as falling demand for German exports. Domestic
demand is therefore becoming a more significant driver of Germany's economic
expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax
revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A
constitutional amendment approved in 2009 limits the federal government to
structural deficits of no more than 0.35% of GDP per annum as of 2016.
Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel
announced in May 2011 that eight of the country's 17 nuclear reactors would be
shut down immediately and the remaining plants would close by 2022. Germany
hopes to replace nuclear power with renewable energy. Before the shutdown of
the eight reactors, Germany relied on nuclear power for 23% of its energy and
46% of its base-load electrical production.
Source
: CIA
Suzlon Windenergie GmbH
Company Status: active
Wasserstr. 223
D 44799 Bochum
Telephone:0234/9783490
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 04.12.2006
Shareholders'
agreement: 04.12.2006
Registered on: 23.05.2007
Commercial Register: Local court 44787 Bochum
under: HRB
11235
EUR 25,000.00
SE
Drive Technik GmbH
Wasserstr. 223
D
44799 Bochum
Legal
form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 18,750.00
Registered on: 24.11.2006
Reg.
data: 44787 Bochum, HRB 11018
Profit
transfer agreement
Shareholder:
Martifer SGPS S.A.
Zona
Indutrieal
Apartadol 17
P Oliveira de Frades
Legal
form: Other legal form
Share: EUR 6,250.00
Manager:
Ranjit
A. Parmar
IND Puna
having
sole power of representation
born:
26.08.1955
Nationality: Indian
Manager:
Frans
Hilbert Jan Visscher
DK Bergen
having
sole power of representation
born:
24.06.1953
Nationality: Swedish
FURTHER FUNCTIONS/PARTICIPATIONS OF RANJIT A.
PARMAR (MANAGER)
Manager:
SE
Drive Technik GmbH
Wasserstr. 223
D
44799 Bochum
Legal
form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 24.11.2006
Reg.
data: 44787 Bochum, HRB 11018
08.12.2006 -
28.02.2007 HOHENSTAUFEN
ZWEIHUNDERT-ZWEIUNDACHTZIGSTE (282.)
Vermögensverwaltungs GmbH
Börsenplatz 1
D
50667 Köln
Private limited company
28.02.2007 -
23.05.2007 Suzlon Windenergie GmbH (AG
Köln, HRB
59225)
Börsenplatz 1
D
50667 Köln
Private limited company
23.05.2007 -
01.06.2007 Suzlon Windenergie GmbH
Wasserstr. 223
D
44799 Bochum
Private limited company
Sectors
70101 Management of holding companies
70109 Other activities of
head offices
82999 Other business
support service activities n. e. c.
Payment experience: within periods customary in this trade
Negative information:We
have no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: Tenant
Address Wasserstr. 223
D
44799 Bochum
Land register documents
were not available.
A bank connection is
unknown.
Turnover: 2011 EUR 130,000.00
Ac/ts receivable: EUR 3,916,094.00
Liabilities: EUR 1,151,483.00
Employees:
1
Profit transfer agreement
to:
SE Drive Technik GmbH
Wasserstr. 223
D
44799 Bochum
The aforementioned business
figures may partly be estimated
information based on
average values in the line of business.
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 99.66
Liquidity ratio: 0.86
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 99.99
Liquidity ratio: 10.00
Balance sheet ratios 01.04.2008 - 31.03.2009
Equity ratio [%]: 99.99
Liquidity ratio: 10.00
Return on total capital [%]: 0.01
Balance sheet ratios 01.04.2007 - 31.03.2008
Equity ratio [%]: 99.99
Liquidity ratio: 10.00
Return on total capital [%]: 0.01
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: 01.04.2010 - 31.03.2011
ASSETS EUR 346,633,006.43
Fixed assets
EUR 342,674,514.56
Financial
assets EUR 342,674,514.56
Other / unspecified financial assets EUR 342,674,514.56
Current assets
EUR 3,958,491.87
Accounts receivable
EUR 3,916,094.20
thereof total due from shareholders
EUR 2,956,783.38
Other debtors and assets
EUR 3,916,094.20
Liquid means
EUR 42,397.67
LIABILITIES EUR 346,633,006.43
Shareholders' equity
EUR 345,461,425.74
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves EUR 345,400,000.00
Capital reserves
EUR 345,400,000.00
Balance sheet profit/loss (+/-)
EUR 36,425.74
Profit / loss brought forward
EUR 36,425.74
Provisions EUR 20,098.00
Other / unspecified provisions
EUR 20,098.00
Liabilities
EUR 1,151,482.69
Other liabilities
EUR 1,151,482.69
Unspecified other liabilities
EUR 1,151,482.69
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2009 - 31.03.2010
ASSETS EUR 345,500,712.34
Fixed assets EUR 342,674,514.56
Financial assets
EUR 342,674,514.56
Other / unspecified financial assets EUR 342,674,514.56
Current assets
EUR 2,826,197.78
Accounts receivable
EUR 2,797,013.44
thereof total due from shareholders
EUR 2,797,013.44
Other debtors and assets
EUR 2,797,013.44
Liquid means
EUR 29,184.34
LIABILITIES EUR 345,500,712.34
Shareholders' equity
EUR 345,461,425.74
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 345,400,000.00
Capital reserves
EUR 345,400,000.00
Balance sheet profit/loss (+/-)
EUR 36,425.74
Profit / loss brought forward
EUR 36,425.74
Provisions
EUR 28,181.14
Liabilities
EUR 11,105.46
Other liabilities
EUR 11,105.46
Unspecified other liabilities
EUR 11,105.46
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.89 |
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1 |
Rs.88.63 |
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Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.