MIRA INFORM REPORT

 

 

Report Date :

17.04.2013

 

IDENTIFICATION DETAILS

 

Name :

MONDI TREBSEN GMBH

 

 

Registered Office :

Erich-Hausmann-Str. 1, D 04687 Trebsen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishments:

1990

 

 

Com. Reg. No.:

HRB 3336

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of corrugated paper and paperboard and of containers of paper and paperboard

 

 

No. of Employees :

181

 

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 :

Satisfactory 

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

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

 

 

Company name 

 

Mondi Trebsen GmbH

 

 

Company address

 

Erich-Hausmann-Str. 1

D 04687 Trebsen

Telephone:        034383/91-0

Telefax:             034383/91-114

Homepage:        www.mondipackaging.com

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1990

Shareholders'

agreement:                    11.11.1990

Registered on:                30.07.1991

Commercial Register:     Local court 04275 Leipzig

under:                                       HRB 3336

Share capital:                EUR          7,300,000.00

 

Shareholder

 

Mondi Hammelburg GmbH

Thüringenstr. 1-3

D 97762 Hammelburg

Legal form: Private limited company

Share capital:     EUR          6,000,000.00

Share:             EUR          7,300,000.00

Registered on: 01.06.2001

Reg. data: 97421 Schweinfurt, HRB 3984

Profit transfer agreement

Manager

 

Günter Heinrich Bredenbals

D 33813 Oerlinghausen

born: 29.01.1953

Profession: Management expert

 

 Manager:

                      Roman Billiani

                      A  Wien

                      born: 05.03.1974

                      Nationality: Austrian

 

Proxy

 

Volker Karl Christian Reimer

D 04105 Leipzig

authorized to jointly represent the company

born: 31.10.1966

 

 Proxy:

                      Alexander Fink

                      A  Fohnsdorf

                      authorized to jointly represent the company

                      born: 05.03.1971

                      Nationality: Austrian

 

Further functions/participations of Günter Heinrich Bredenbals

 (Manager)

 

 Manager:

                      Mondi Hammelburg GmbH

                      Thüringenstr. 1-3

                      D 97762 Hammelburg

                      Legal form: Private limited company

                      Share capital:     EUR          6,000,000.00

                      Registered

                      on:         01.06.2001

                      Reg. data:  97421 Schweinfurt, HRB 3984

 Manager:

                      Mondi Sendenhorst GmbH

                      Herkulesweg 1

                      D 48324 Sendenhorst

                      Legal form: Private limited company

                      Share capital:     EUR          5,150,000.00

                      Registered

                      on:         28.09.1976

                      Reg. data:  48149 Münster, HRB 8538

 Proxy:

                      AssiDomän Papiersackfabrik Nienburg GmbH

                      Calbesche Str. 62-63

                      D 06429 Nienburg

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         01.11.1994

                      Reg. data:  39576 Stendal, HRB 10911

 

Further functions/participations of Roman Billiani (Manager)

 Manager:

                      Mondi Hammelburg GmbH

                      Thüringenstr. 1-3

                      D 97762 Hammelburg

                      Legal form: Private limited company

                      Share capital:     EUR          6,000,000.00

                      Registered

                      on:         01.06.2001

                      Reg. data:  97421 Schweinfurt, HRB 3984

 Manager:

                      Mondi Sendenhorst GmbH

                      Herkulesweg 1

                      D 48324 Sendenhorst

                      Legal form: Private limited company

                      Share capital:     EUR          5,150,000.00

                      Registered

                      on:         28.09.1976

                      Reg. data:  48149 Münster, HRB 8538

 

 

COMPANY HISTORY

 

 11.11.1990 - 18.10.2000  Trebsen Verpackung GmbH

                          Erich-Hausmann-Str. 1

                          D 04687 Trebsen

                          Private limited company

 19.10.2000 - 18.12.2003  Frantschach Trebsen GmbH

                          Erich-Hausmann-Str. 1

                          D 04687 Trebsen

                          Private limited company

 19.12.2003 - 07.11.2004  Frantschach Industrial Packaging

                          Deutschland GmbH

                          Erich-Hausmann-Str. 1

                          D 04687 Trebsen

                          Private limited company

 08.11.2004 - 11.05.2010  Mondi Packaging Trebsen GmbH

                          Erich-Hausmann-Str. 1

                          D 04687 Trebsen

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 26.10.2006 - 12.04.2011  Manager

                          Stefan Gutheil

                          D 97209 Veitshöchheim

 27.10.2008 - 04.02.2011  Manager

                          Deniz Tansel Cevikalp

                          D 68159 Mannheim

 

 

BUSINESS ACTIVITIES

 

Sectors

·         17210   Manufacture of corrugated paper and paperboard and of containers of paper and paperboard

46494   Wholesale of paper and paperboard, stationery, office supplies, books, periodicals and newspapers

 

 

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                        Erich-Hausmann-Str. 1 (vormals Grimmaische

                                    Str. 43)

                                    D 04687 Trebsen

 

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Erich-Hausmann-Str. 1 (vormals Grimmaische

                                    Str. 43)

                                    D 04687 Trebsen

 

Type of real estate: factory building

 

Value at selling price:                 EUR          4,500,000.00

 

 Land register documents were not available.

BANKERS

 

Principal bank

THE ROYAL BANK OF SCOTLAND NIEDERLASSUNG FRANKFURT, FRANKFURT AM

MAIN

Sort. code: 50230400, BIC: ABNADEFFFRA

 

Further bank

COMMERZBANK VORMALS DRESDNER BANK, LEIPZIG

Sort. code: 86080000, BIC: DRESDEFF860

 

 

FINANCIAL FIGURES

 

 Equipment:                              EUR            311,144.00

 Ac/ts receivable:                       EUR          5,046,775.00

 Liabilities:                            EUR          9,981,116.00

 Employees:                                                    181

 - thereof permanent staff:                                    169

 - Trainees:                                                    12

 

Profit transfer agreement to:

Mondi Hammelburg GmbH

Thüringenstr. 1-3

D 97762 Hammelburg

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 66.54

 Liquidity ratio:                   1.06

 Return on total capital [%]:      26.06

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 66.20

 Liquidity ratio:                   1.66

 Return on total capital [%]:      30.41

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 64.67

 Liquidity ratio:                   0.56

 Return on total capital [%]:      29.02

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 64.96

 Liquidity ratio:                   0.94

 Return on total capital [%]:      31.68

 

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         20,529,941.42

  Fixed assets                           EUR         10,656,216.75

   Intangible assets                     EUR            779,879.11

    Concessions, licences, rights        EUR            779,879.11

   Tangible assets                       EUR          9,876,337.64

    Land / similar rights                EUR          4,416,823.98

    Plant / machinery                    EUR          3,642,057.07

    Other tangible assets / fixtures and

    fittings                             EUR            311,144.45

    Advance payments made / construction

    in progress                          EUR          1,506,312.14

  Current assets                         EUR          9,866,594.67

   Stocks                                EUR          4,814,323.49

    Raw materials, consumables and

    supplies                             EUR          2,210,216.64

    Finished goods / work in progress    EUR          2,604,106.85

   Accounts receivable                   EUR          5,046,774.91

    Trade debtors                        EUR          1,600,311.94

    Amounts due from related companies   EUR          3,438,191.70

    Other debtors and assets             EUR              8,271.27

   Liquid means                          EUR              5,496.27

  Remaining other assets                 EUR              7,130.00

   Accruals (assets)                     EUR              7,130.00

 

 LIABILITIES                             EUR         20,529,941.42

  Shareholders' equity                   EUR          8,121,791.07

   Capital                               EUR          7,300,000.00

    Subscribed capital (share capital)   EUR          7,300,000.00

   Reserves                              EUR            821,791.07

    Retained earnings / revenue reserves EUR            821,791.07

  Items between shareholders' equity and

  debt capital                           EUR            850,617.95

   Allowances / bonuses                  EUR            850,617.95

  Provisions                             EUR          1,576,416.00

   Other / unspecified provisions        EUR          1,576,416.00

  Liabilities                            EUR          9,981,116.40

   Other liabilities                     EUR          9,981,116.40

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          1,020,774.47

    Liabililties due to related companiesEUR          8,195,411.08

    Unspecified other liabilities        EUR            764,930.85

     thereof liabilities from tax /

     financial authorities               EUR             79,529.86

     thereof liabilities from social

     security                            EUR             16,534.11

 

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

 Code (HGB)

  Sales                                  EUR         47,585,319.87

  Inventory change + own costs (+/-)     EUR            632,453.67

   Inventory change (+/-)                EUR            632,453.67

  Other operating income                 EUR          2,503,958.11

  Cost of materials                      EUR         28,472,713.16

   Raw materials and supplies, purchased

   goods                                 EUR         28,115,823.92

   Purchased services                    EUR            356,889.24

  Gross result (+/-)                     EUR         22,249,018.49

  Staff expenses                         EUR          8,156,544.00

   Wages and salaries                    EUR          6,849,425.49

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,307,118.51

  Total depreciation                     EUR          2,659,908.21

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          2,659,908.21

  Other operating expenses               EUR          6,156,882.04

  Operating result from continuing

  operations                             EUR          5,275,684.24

  Interest result (+/-)                  EUR            -16,640.01

   Interest and similar income           EUR             16,583.45

    thereof from related companies       EUR             16,583.45

   Interest and similar expenses         EUR             33,223.46

    thereof paid to related companies    EUR             28,876.13

  Financial result (+/-)                 EUR            -16,640.01

  Result from ordinary operations (+/-)  EUR          5,259,044.23

  Expenses for transfer of profits to a

  parent company                         EUR          5,244,980.61

  Other taxes / refund of taxes          EUR            -14,063.62

  Tax (+/-)                              EUR            -14,063.62

  Annual surplus / annual deficit        EUR                  0.00

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR         22,220,665.30

  Fixed assets                           EUR         11,660,657.12

   Intangible assets                     EUR          1,157,829.21

    Concessions, licences, rights        EUR          1,157,829.21

   Tangible assets                       EUR         10,502,827.91

    Land / similar rights                EUR          4,683,101.00

    Plant / machinery                    EUR          5,199,272.95

    Other tangible assets / fixtures and

    fittings                             EUR            294,502.60

    Advance payments made / construction

    in progress                          EUR            325,951.36

  Current assets                         EUR         10,560,008.18

   Stocks                                EUR          3,499,615.01

    Raw materials, consumables and

    supplies                             EUR          1,527,961.83

    Finished goods / work in progress    EUR          1,971,653.18

   Accounts receivable                   EUR          7,040,959.20

    Trade debtors                        EUR          1,286,441.53

    Amounts due from related companies   EUR          5,745,903.85

    Other debtors and assets             EUR              8,613.82

   Liquid means                          EUR             19,433.97

 

 LIABILITIES                             EUR         22,220,665.30

  Shareholders' equity                   EUR          8,087,587.07

   Capital                               EUR          7,300,000.00

    Subscribed capital (share capital)   EUR          7,300,000.00

   Reserves                              EUR            787,587.07

    Retained earnings / revenue reserves EUR            787,587.07

  Items between shareholders' equity and

  debt capital                           EUR          1,205,100.95

   Allowances / bonuses                  EUR          1,205,100.95

  Provisions                             EUR          1,854,099.00

   Other / unspecified provisions        EUR          1,854,099.00

  Liabilities                            EUR         11,073,878.28

   Other liabilities                     EUR         11,073,878.28

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          1,030,791.78

    Liabililties due to related companiesEUR          9,372,458.54

    Unspecified other liabilities        EUR            670,627.96

     thereof liabilities from tax /

     financial authorities               EUR             80,036.85

     thereof liabilities from social

     security                            EUR             13,561.07

 

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

 Code (HGB)

  Sales                                  EUR         43,757,522.69

  Inventory change + own costs (+/-)     EUR           -612,770.46

   Inventory change (+/-)                EUR           -612,770.46

  Other operating income                 EUR          3,310,189.05

  Cost of materials                      EUR         23,333,962.41

   Raw materials and supplies, purchased

   goods                                 EUR         23,175,707.41

   Purchased services                    EUR            158,255.00

  Gross result (+/-)                     EUR         23,120,978.87

  Staff expenses                         EUR          8,115,654.15

   Wages and salaries                    EUR          6,623,204.82

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,492,449.33

  Total depreciation                     EUR          2,770,294.73

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          2,770,294.73

  Other operating expenses               EUR          5,647,345.36

  Operating result from continuing

  operations                             EUR          6,587,684.63

  Interest result (+/-)                  EUR               -285.35

   Interest and similar income           EUR              7,620.97

    thereof from related companies       EUR              7,620.97

   Interest and similar expenses         EUR              7,906.32

    thereof paid to related companies    EUR              7,906.32

  Financial result (+/-)                 EUR               -285.35

  Result from ordinary operations (+/-)  EUR          6,587,399.28

  Expenses for transfer of profits to a

  parent company                         EUR          6,573,217.39

  Other taxes / refund of taxes          EUR            -14,181.89

  Tax (+/-)                              EUR            -14,181.89

  Annual surplus / annual deficit        EUR                  0.00

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.33

UK Pound

1

Rs.83.17

Euro

1

Rs.71.05

 

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%)

 

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.