|
Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
REPOWER SYSTEMS SE |
|
|
|
|
Registered Office : |
Überseering 10 ( Oval Office ), D 22297 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
13.04.2000 |
|
|
|
|
Com. Reg. No.: |
HRB 118644 |
|
|
|
|
Legal Form : |
European Company (SE) |
|
|
|
|
Line of Business : |
Manufacturer of pumps and compressors |
|
|
|
|
No. of Employees : |
1,193 employees |
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 |
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 |
REpower Systems SE
Überseering 10 ( Oval Office )
D 22297 Hamburg
Telephone:040/5555090-0
Telefax: 040/5555090-3999
Homepage: www.repower.de
E-mail: info@repower.de
DE214727896
Business relations are permissible.
LEGAL FORM European Company (SE)
Date of foundation: 13.04.2000
Registered on: 15.06.2011
Commercial Register: Local
court 20355 Hamburg
under: HRB 118644
Share capital: EUR 9,220,179.00
Marcus Antonius Wassenberg
D 80331 München
born: 21.11.1966 in Grevenbroich
Profession: Fully qualified Economist
Marital status: unknown
Member of the
Board of Directors:
Matthias Schubert
Wilhelmstr. 10
D 24768 Rendsburg
authorized to jointly represent the company
born: 26.01.1960 in Düsseldorf
Profession: graduate engineer
Marital status: unknown
Member of the Board
of Directors:
Andreas Nauen
DK Brande
authorized to jointly represent the company
born: 02.07.1964
Profession: Businessman
Nationality: danish
Marital status: unknown
Member of the
Board of Directors:
Vinodrai Ranchhodbhai Tanti
IND Pune
born: 29.06.1962
Nationality: Indian
Tulsi Ranchhod Tanti
Orion Satelite Towers Flat No.
501 Sector 81 Koregaon Park
IND PUNE 411001 Maharashtra
born: 02.02.1958
Profession: Businessman
Girish R. Tanti
IND Pune
Nationality: Indian
Marital status: unknown
Kritikant Jasvantrai Vagadia
IND Pune
Nationality: Indian
Member of the
Supervisory Board:
Thomas Rex
D 16230 Breydin
Marital status: unknown
Member of the
Supervisory Board:
Frans Visscher
IND Mumbai
Nationality: Indian
Marital status: unknown
Member of the
Supervisory Board:
Bernhard Band
D 25782 Tellingstedt
Marital status: unknown
Martina Johanna Schulz
Schubertstraße 25
D 16225 Eberswalde
born: 02.11.1957
née: Gaebel
Profession: Educationalist
Marital status: widowed
Proxy:
Dr.
Wolf Schulz
D
22297 Hamburg
authorized
to jointly represent the company
born:
26.12.1956
Profession: Businessman
Proxy:
Michael Walter Otto Wenk
Große
Str. 46a
D
21521 Wohltorf
authorized to jointly represent the company
born:
01.07.1954
Profession: Businessman
Marital status: unknown
Proxy:
Jürgen
Norbert Giese
Im Allhorn 13
D
22359 Hamburg
authorized to jointly represent the company
born:
19.05.1960
Profession: Geographer
Marital status: unknown
Proxy:
Christian Müller
D
24796 Bovenau
authorized to jointly represent the company
born:
05.06.1965
Profession: graduate engineer
Marital status: married
Proxy:
Jörg
Zeumer
D
24768 Rendsburg
born:
09.07.1968
Proxy:
Roland
Schrader
Carl-von-Ossietzky-Weg
63
D
21684 Stade
authorized to jointly represent the company
born:
28.12.1972
Marital status: married
Proxy:
Frank
Zimmermann
D
91052 Erlangen
authorized to jointly represent the company
born:
30.03.1962
Profession: Bank Clerk
Proxy:
Kai
Jens Bretall
Annette-von-Droste-Hülshoff-
Str.
D
25336 Elmshorn
authorized to jointly represent the company
born:
02.10.1961
Proxy:
Annette Greve
D 20095 Hamburg
authorized to jointly represent the company
born:
02.10.1966
Profession: Businessman
Marital status: unknown
Proxy:
Dr. Malte Greve
Ole
Koppel 6
D
22927 Großhansdorf
authorized to jointly represent the company
born:
23.05.1969
Marital status: unknown
Proxy:
Susanne Charlotte Ochernal
D
24119 Kronshagen
authorized to jointly represent the company
born:
31.07.1971
Proxy:
Thomas
Schnorrenberg
D 22949 Ammersbek
authorized to jointly represent the company
born:
31.05.1976
Profession: Businessman
Marital status: unknown
Proxy:
Kurt Stürken
Waldring 24
D
21376 Salzhausen
authorized to jointly represent the company
born:
17.12.1963
Profession: graduate engineer
Marital status: unknown
Proxy:
Klaus
Köncke
D
47798 Krefeld
authorized to jointly represent the company
born:
25.03.1959
Proxy:
Andreas
Kaffka
D
22297 Hamburg
authorized to jointly represent the company
born:
26.09.1961
Profession: Businessman
Marital status: unknown
Proxy:
Thorsten Meyer
D
22297 Hamburg
authorized to jointly represent the company
born:
02.09.1973
Proxy:
Stuart
Broadley
D 22297
Hamburg
authorized to jointly represent the company
born:
24.01.1967
Proxy:
Kyriakos Kosmidis
D
22297 Hamburg
authorized to jointly represent the company
born:
28.12.1963
Proxy:
Jeroen
Kossen
NL Zaanstad
authorized to jointly represent the company
born:
10.08.1970
Nationality:
Dutch
Proxy:
Jamal
Choukri
D
24837 Schleswig
authorized to jointly represent the company
born:
10.05.1972
Proxy:
Dr.
Mathias Mier
D 23617 Stockelsdorf
authorized to jointly represent the company
born:
02.03.1962
Marital status: unknown
Proxy:
Dr.
Martin Knops
D 24787 Fockbek
authorized to jointly represent the company
born:
12.07.1972
Further functions/participations of Matthias Schubert (Member of the
Board of Directors)
Limited partner:
Orbis GmbH & Co. Energie- und
Umwelttechnik
Zweiundzwanzigste KG
Goethestr. 10
D
27356 Rotenburg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,700,000.00
contribution:
Share: EUR 690,000.00
Registered
on: 01.12.2004
Reg.
data: 29664 Walsrode, HRA 62046
Shareholder:
Elbewindparkprojekt Verwaltungsgesellschaft
mbH
Nagelschmiedsweg 15-19
D 27356 Rotenburg
Legal
form: Private limited company
Share
capital: EUR 25,001.00
Share: EUR 1,979.00
Registered
on: 13.01.2010
Reg.
data: 29664 Walsrode, HRB 202163
Vice-president of
the Board of Directors:
WindEnergie Zirkel Hanse e.V.
Steinhöft 9
D 20459 Hamburg
Legal form: Registered association
Registered
on: 04.11.2005
Reg. data: 20355 Hamburg,
VR 18775
13.04.2000 -
31.07.2001 REpower AG
Flughafenstr. 54
D
22335 Hamburg
Public limited company
01.08.2001 - 30.09.2003 REpower Systems AG
Flughafenstr. 54
D
22335 Hamburg
Public limited company
01.10.2003 -
31.12.2007 REpower Systems AG
Alsterkrugchaussee 378
D
22335 Hamburg
Public limited company
01.01.2008 -
14.06.2011 REpower Systems AG (HRB
75543, AG
Hamburg)
Überseering 10
D
22297 Hamburg
Public limited company
09.11.2010 -
27.06.2012 Member of the Board of
Directors
Gregor Gnädig
CH
Zürich
16.02.2010 -
27.06.2012 Member of the Board of
Directors
Derrick George Noe
D
40667 Meerbusch
12.01.2010 -
15.06.2011 Member of the Board of
Directors
Per Torben Hornung Pedersen
D 20095 Hamburg
21.10.2009 -
15.06.2011 Vice-president of the
Supervisory Board
Dr. Christof Maria Fritzen
D
61476 Kronberg
12.01.2010 -
04.11.2010 Member of the Board of
Directors
Lars Rytter Kristensen
D
22335 Hamburg
21.10.2009 -
22.10.2009 Member of the Board of
Directors
Pieter Thomas Christoph Erich Wasmuth
D
22391 Hamburg
18.08.2009 -
21.10.2009 Vice-president of the
Supervisory Board
Prof.Dr. Fritz Vahrenholt
D
22391 Hamburg
18.08.2009 -
21.10.2009 Member of the Supervisory
Board
Andre Horbach
NL
Amsterdam
Sectors
28130 Manufacture of pumps
and compressors n.e.c.
35112 Production of
electricity with external procurement for distribution
46692 Wholesale of other
machinery
71122 Engineering
activities in the field of technical sectoral planning andengineering design
Branch:
REpower Systems SE
Kruger
Damm 11
D
16230 Breydin
TEL.:
033451/55861000
FAX.:
033451/55861037
Branch:
REpower Systems SE
Rödemishallig
D
25813 Husum
TEL.:
04841/662800
FAX.:
04841/662888
Branch:
REpower Systems SE
Franz-Lenz-Str. 1
D
49084 Osnabrück
Branch:
REpower Systems SE
Hollesenstr. 15
D 24768
Rendsburg
TEL.:
04331/13139-0
Branch:
REpower Systems SE
Labradorstr. 18-22
D
27572 Bremerhaven
Branch:
REpower Systems SE
Heegermühler Str. 64
D
16225 Eberswalde
TEL.:
03334/275960000
FAX.:
03334/27596132
Limited partner:
REpower Investitions- &
Projektierungsgesellschaft mbH & Co. KG
Münchberg/Laubersreuth
Hollesenstr. 15
D
24768 Rendsburg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total
cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg. data: 04.11.2003
Local court 24114 Kiel
HRA 1787 RD
Shareholder:
PowerBlades GmbH
Am
Luneort 70
D
27572 Bremerhaven
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 625,000.00
Share: EUR 318,750.00
Reg.
data: 25.03.2008
Local court 27580 Bremerhaven
HRB 5254 BHV
Shareholder:
REpower Betriebs- und
Beteiligungsgesellschaft mbH
Provianthausstr. 9
D
24768 Rendsburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,600.00
Share: EUR 25,600.00
Reg.
data: 24.08.1998
Local court 24114 Kiel
HRB 1955 RD
Shareholder:
WEL Windenergie Logistik GmbH
Überseering 10 ( Oval Office )
D
22297 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 06.02.2012
Local court 20355 Hamburg
HRB 121748
Shareholder:
REpower Windpark Betriebs GmbH
Überseering 10/Oval Office
D
22297 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 08.05.2008
Local court 20355 Hamburg
HRB 105265
Shareholder:
REpower Systems GmbH
Überseering 10
D
22297 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 17.07.2009
Local court 20355 Hamburg
HRB 110242
Shareholder:
Windpark Finsterwalde GmbH
Nobelstr. 11
D
03238 Massen
Legal
form: Private limited company
Company
Status: active
Share
capital: EUR 51,129.20
Share: EUR 15,338.76
Reg.
data: 02.06.1997
Local court 03044 Cottbus
HRB 4791 CB
Shareholder:
RETC
Renewable Energy Technology Centre GmbH
Überseering 10
D
22297 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Reg.
data: 23.08.2007
Local court 20355 Hamburg
HRB 102156
Payment experience: within
agreed terms
Negative information We
have no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: Tenant
Address Überseering
10 ( Oval Office )
D 22297 Hamburg
Real Estate of: Matthias
Schubert
Type of ownership: Tenant
Address Wilhelmstr.
10
D 24768 Rendsburg
Land register documents were not available.
COMMERZBANK,
HAMBURG
Sort. code: 20040000, BIC: COBADEHHXXX
UNICREDIT BANK -
HYPOVEREINSBANK, RENDSBURG
Sort. code: 20030000, BIC: HYVEDEMM300
Turnover:
2009/2010 EUR 1,048,841,879.00
2010/2011 EUR 1,048,749,388.00
Profit: 2009/2010 EUR 32,047,219.00
2010/2011 EUR 12,998,526.00
further
business figures:
Equipment: EUR 13,930,625.00
Ac/ts receivable: EUR 211,364,646.00
Liabilities: EUR 646,529,319.00
Employees: 1,193
-
thereof permanent staff: 1,193
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 32.68
Liquidity ratio: 0.61
Return
on total capital [%]: 0.80
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 28.54
Liquidity ratio: 0.97
Return on total capital [%]: 2.33
Balance sheet ratios 01.04.2008 - 31.03.2009
Equity ratio [%]: 27.12
Liquidity ratio: 1.03
Return on total capital [%]: 4.07
Balance sheet ratios 01.01.2008 - 31.03.2008
Equity ratio [%]: 37.26
Liquidity ratio: 1.11
Return
on total capital [%]: 0.03
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 1,207,577,108.00
Fixed assets
EUR 209,324,830.00
Intangible assets
EUR 4,656,960.00
Concessions, licences, rights
EUR 4,656,960.00
Tangible assets
EUR 124,673,501.00
Land / similar rights
EUR 64,824,287.00
Plant / machinery
EUR 33,336,499.00
Other tangible assets / fixtures and
fittings
EUR 13,930,625.00
Advance payments made / construction
in progress
EUR 12,582,090.00
Financial assets EUR 79,994,369.00
Shares in participations /
subsidiaries and the like
EUR 32,119,363.00
Shares in related companies
EUR 29,939,252.00
Shares in investee companies
EUR 2,180,111.00
Loans to participations /
subsidiaries and the like
EUR 47,875,006.00
Loans to related companies
EUR 47,875,006.00
Current assets
EUR 993,886,107.00
Stocks EUR 481,038,185.00
Raw materials, consumables and
supplies
EUR 273,983,146.00
Finished goods / work in progress
EUR 173,097,877.00
Advance payments made EUR 33,957,162.00
Accounts receivable
EUR 211,364,646.00
Trade debtors
EUR 71,125,292.00
Amounts due from related companies
EUR 39,774,162.00
Amounts due from investee companies
EUR 450,000.00
Other debtors and assets
EUR 100,015,192.00
Liquid means
EUR 301,483,276.00
Remaining other assets
EUR 4,366,171.00
Accruals (assets)
EUR 4,366,171.00
LIABILITIES EUR 1,207,577,108.00
Shareholders' equity
EUR 396,204,646.00
Capital
EUR 9,220,179.00
Subscribed capital (share capital)
EUR 9,220,179.00
Reserves
EUR 291,215,200.00
Capital reserves
EUR 291,215,200.00
Balance sheet profit/loss (+/-)
EUR 95,769,267.00
Profit / loss brought forward
EUR 82,770,741.00
Annual surplus / annual deficit
EUR 12,998,526.00
Provisions
EUR 155,084,693.00
Provisions for taxes EUR 13,963.00
Other / unspecified provisions
EUR 155,070,730.00
Liabilities
EUR 646,529,319.00
Financial debts
EUR 50,461,268.00
Liabilities
due to banks EUR 40,461,268.00
Loans / obligations / debentures
EUR 10,000,000.00
Other liabilities
EUR 596,068,051.00
Trade creditors (for IAS incl. bills
of exchange) EUR 155,256,879.00
Liabilities from received advance
payments
EUR 394,838,649.00
Liabililties due to related companiesEUR 34,621,607.00
Unspecified other liabilities EUR 11,350,916.00
thereof liabilities from tax /
financial authorities
EUR 1,152,974.00
thereof liabilities from social
security
EUR 19,326.00
Other liabilities
EUR 9,758,450.00
Deferrals (liabilities)
EUR 9,758,450.00
Guarantees and other commitments
EUR 10,700,000.00
Guarantees / warranties
EUR 10,700,000.00
Guarantees EUR 10,700,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 1,048,749,388.00
Inventory change + own costs (+/-)
EUR 120,149,426.00
Inventory change (+/-)
EUR 120,149,426.00
Other operating income
EUR 30,623,017.00
Cost of materials
EUR 969,158,134.00
Raw materials and supplies, purchased
goods
EUR 759,901,369.00
Purchased services
EUR 209,256,765.00
Gross result (+/-)
EUR 230,363,697.00
Staff expenses
EUR 76,732,230.00
Wages and salaries
EUR 64,158,044.00
Social security contributions and
expenses for pension plans and
benefits
EUR 12,574,186.00
Total depreciation EUR 16,997,736.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 16,997,736.00
Other operating expenses
EUR 111,458,679.00
Operating result from continuing
operations
EUR 25,175,052.00
Interest result (+/-)
EUR -1,279,799.00
Interest and similar income
EUR 10,084,127.00
thereof from related companies
EUR 4,156,975.00
Interest and similar expenses
EUR 11,363,926.00
thereof paid to related companies
EUR 0.00
Other financial result
EUR -6,000,978.00
Income from securities and loans from
financial assets
EUR 4,534.00
Depreciation on financial assets and
marketable securities
EUR 6,005,512.00
Financial result (+/-)
EUR -7,280,777.00
Result from ordinary operations (+/-)
EUR 17,894,275.00
Income from assumption of loss by
parent company
EUR 3,375,156.00
Income tax / refund of income tax (+/-)EUR -8,121,536.00
Other taxes / refund of taxes
EUR -149,369.00
Tax
(+/-)
EUR -8,270,905.00
Annual surplus / annual deficit
EUR 12,998,526.00
Type
of balance
sheet: Company balance sheet
Financial
year: 01.04.2009 - 31.03.2010
ASSETS EUR 1,380,274,705.00
Fixed assets
EUR 168,035,618.00
Intangible assets
EUR 5,061,064.00
Concessions, licences, rights
EUR 5,061,064.00
Tangible assets
EUR 110,999,031.00
Land / similar rights
EUR 65,998,698.00
Plant / machinery
EUR 19,692,482.00
Other tangible assets / fixtures and
fittings
EUR 13,613,450.00
Advance payments made / construction
in progress
EUR 11,694,401.00
Financial assets EUR
51,975,523.00
Shares in participations /
subsidiaries and the like
EUR 21,464,626.00
Shares in related companies
EUR 18,753,249.00
Shares in investee companies
EUR 2,711,377.00
Loans to participations /
subsidiaries and the like
EUR 27,183,167.00
Loans to related companies
EUR 27,183,167.00
Securities included in fixed assets
EUR 8,980.00
Other loans EUR 3,318,750.00
Current assets
EUR 1,209,477,253.00
Stocks
EUR 369,924,259.00
Raw materials, consumables and
supplies
EUR 218,665,326.00
Finished goods / work in progress
EUR 125,563,978.00
Advance payments made
EUR 25,694,955.00
Accounts receivable
EUR 642,889,113.00
Trade debtors EUR 574,000,047.00
Amounts due from related companies
EUR 32,326,701.00
Amounts due from investee companies
EUR 10,480,705.00
Other debtors and assets
EUR 26,081,660.00
Investments in current assets
EUR 1,000.00
Liquid means
EUR 196,662,881.00
Remaining other assets
EUR 2,761,834.00
Accruals (assets)
EUR 2,761,834.00
LIABILITIES EUR 1,380,274,705.00
Shareholders' equity
EUR 395,804,328.00
Capital
EUR 9,199,829.00
Subscribed capital (share capital)
EUR 9,199,829.00
Reserves
EUR 289,390,027.00
Capital reserves
EUR 289,390,027.00
Balance sheet profit/loss (+/-)
EUR 97,214,472.00
Profit / loss brought forward
EUR 65,167,253.00
Annual surplus / annual deficit
EUR 32,047,219.00
Provisions
EUR 118,718,162.00
Pension provisions and comparable
provisions
EUR 701,574.00
Provisions for taxes
EUR 4,548,811.00
Other / unspecified provisions
EUR 113,467,777.00
Liabilities
EUR 858,416,674.00
Financial debts
EUR 54,319,887.00
Liabilities due to banks
EUR 44,319,887.00
Loans / obligations / debentures
EUR 10,000,000.00
Other liabilities
EUR 804,096,787.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 68,385,399.00
Liabilities from received advance
payments
EUR 714,000,102.00
Liabililties due to related companiesEUR 15,483,928.00
Liabilities due to investee companiesEUR 1.00
Unspecified other liabilities
EUR 6,227,357.00
Other liabilities
EUR 7,335,541.00
Deferrals (liabilities)
EUR 7,335,541.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 1,048,841,879.00
Inventory change + own costs (+/-)
EUR 194,226,517.00
Inventory change (+/-)
EUR 194,136,354.00
Capitalised own costs
EUR 90,163.00
Other operating income
EUR 22,441,841.00
Cost of materials
EUR 1,007,908,509.00
Raw materials and supplies, purchased
goods
EUR 844,612,121.00
Purchased services
EUR 163,296,388.00
Gross result (+/-)
EUR 257,601,728.00
Staff expenses
EUR 73,734,470.00
Wages and salaries
EUR 61,332,048.00
Social security contributions and
expenses for pension plans and
benefits
EUR 12,402,422.00
Total depreciation EUR 14,410,534.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 14,410,534.00
Other operating expenses
EUR 105,532,000.00
Operating result from continuing
operations
EUR 63,924,724.00
Interest result (+/-)
EUR -12,729,390.00
Interest and similar income
EUR 4,949,925.00
thereof from related companies
EUR 2,162,811.00
Interest and similar expenses
EUR 17,679,315.00
Other financial result
EUR -1,421,046.00
Income from securities and loans from
financial assets
EUR 1,509,407.00
thereof related companies
EUR 1,509,247.00
Depreciation on financial assets and
marketable securities
EUR 2,930,453.00
Financial result (+/-)
EUR -14,150,436.00
Result from ordinary operations (+/-)
EUR 49,774,288.00
Income tax / refund of income tax (+/-)EUR -17,576,962.00
Other taxes / refund of taxes
EUR -150,107.00
Tax
(+/-) EUR -17,727,069.00
Annual surplus / annual deficit
EUR 32,047,219.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.