|
Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
HELM AG |
|
|
|
|
Registered Office : |
Nordkanalstr. 28, D 20097 Hamburg, Post
Box 10 30 60, D 20021 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
05.11.1900 |
|
|
|
|
Com. Reg. No.: |
HRB 22263 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of pharmaceutical preparations |
|
|
|
|
No. of Employees : |
567 |
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 : |
Usually Correct |
|
|
|
|
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted 5.1% in
2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012
- a reflection of low investment spending due to crisis-induced uncertainty and
the decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production.
|
Source : CIA |
HELM AG
Nordkanalstr. 28
D 20097 Hamburg
Post Box:
10 30 60, D 20021 Hamburg
Telephone: 040/2375-0
Telefax:
040/2375-1845
Homepage: www.helmag.com
E-mail:
info@helmag.com
DE118619592
active
The company is considered solvent for credits within its scope of
business.
LEGAL FORM Public limited company
Date of foundation: 05.11.1900
Registered on: 11.10.1978
Commercial Register: Local court
20355 Hamburg
under: HRB 22263
Share capital: EUR 100,000,000.00
Dieter Schnabel
Saselbergweg 71
D 22395 Hamburg
born: 05.11.1946
Share: 100.000 %
Hans-Christian Sievers
D 20095 Hamburg
born: 24.04.1964
Profession: manager
Marital status: unknown
Axel Bourjau
Pötrauer Str. 11
D 21514 Büchen
authorized to jointly represent the company
born: 21.01.1955
Profession: manager
Marital status: married
Rainer Detering
Oberstr. 113
D 20149 Hamburg
authorized to jointly represent the company
born: 14.08.1954
Profession: manager
Marital status: unknown
Member of the
Board of Directors:
Volker
Seebeck
D 20095
Hamburg
authorized to
jointly represent the company
born:
03.04.1961
Profession:
Businessman
Marital
status: unknown
Member of the
Board of Directors:
Stephan
Schnabel
D 20097
Hamburg
born:
18.01.1975
Profession:
Businessman
Marital
status: unknown
Dieter Schnabel
Saselbergweg 71
D 22395 Hamburg
born: 05.11.1946
Profession: manager
Marital status: married
Ulrich Wilhelm Ellerbeck
Rathenaustr. 26
D 22297 Hamburg
born: 16.06.1952
Profession: Fully qualified political
economist
Marital status: unknown
David Michael Neumann
Mittelweg 119
D 20148 Hamburg
born: 11.08.1963
Profession: Businessman
Klaus Illmann
D 20097 Hamburg
authorized to jointly represent the company
born: 17.05.1949
Profession: Businessman
Marital status: unknown
Proxy:
Jörg Handke
D 20097
Hamburg
authorized to
jointly represent the company
born:
04.06.1958
Profession: Businessman
Marital
status: unknown
Proxy:
Wolf-Dieter
Schütt
D 20097
Hamburg
authorized to
jointly represent the company
born: 30.12.1950
Profession:
Businessman
Marital
status: unknown
Proxy:
Egbert Rann
D 20097
Hamburg
authorized to
jointly represent the company
born: 13.08.1955
Profession:
Businessman
Marital
status: unknown
Proxy:
Fried Hansen
D 22926
Ahrensburg
authorized to
jointly represent the company
born:
14.09.1965
Profession:
Businessman
Marital
status: unknown
Proxy:
Ralph
Ruschmeyer
D 14532
Stahnsdorf
authorized to jointly represent the
company
born:
25.01.1960
Profession:
Businessman
Marital
status: unknown
Proxy:
John-Henrik
Michael Römling
Lülanden 85a
D 22880 Wedel
authorized to
jointly represent the company
born:
17.01.1969
Profession:
Businessman
Marital
status: unknown
Proxy:
Oliver Bösch
D 28195
Bremen
authorized to
jointly represent the company
born:
25.05.1967
Profession:
Businessman
Marital
status: unknown
Proxy:
Manfred Ram
D 24629
Kisdorf
authorized to
jointly represent the company
born:
17.11.1952
Proxy:
Norbert Curt
Baum
D 20097 Hamburg
authorized to
jointly represent the company
born:
27.10.1961
Profession:
Businessman
Marital
status: unknown
Proxy:
Thomas Axel
Viering
D 20097 Hamburg
authorized to
jointly represent the company
born:
02.05.1966
Profession:
Businessman
Marital
status: unknown
Proxy:
Andreas
Woschek
D 20097
Hamburg
authorized to
jointly represent the company
born:
22.05.1963
Profession:
Businessman
Marital
status: unknown
Proxy:
Dr. Felix Thürwächter
D 20097
Hamburg
authorized to
jointly represent the company
born:
09.10.1961
Marital
status: unknown
Proxy:
Ekkehard Kloevekorn
D 22949
Ammersbek
authorized to
jointly represent the company
born:
01.10.1963
Profession:
Businessman
Marital
status: unknown
Proxy:
Kilian Ansgar Funke
Hagener Allee
34
D 22926
Ahrensburg
authorized to
jointly represent the company
born:
06.07.1971
Proxy:
Axel Berthold
Idel
Sergio-de-Simone-Stieg 8
D 22457
Hamburg
authorized to
jointly represent the company
born:
28.08.1961
Profession:
Businessman
Marital status: unknown
Proxy:
Burak Beksac
D 20095
Hamburg
authorized to
jointly represent the company
Proxy:
Hans-Georg
Kandziora
D 21635 Jork
authorized to jointly
represent the company
Proxy:
Claus Erich
Meyer
D 21224
Rosengarten
authorized to
jointly represent the company
Proxy:
Michael Neuhoff
D 21029
Hamburg
authorized to
jointly represent the company
Proxy:
Christina
Wienholz
D 22113
Oststeinbek
authorized to
jointly represent the company
born:
08.06.1962
née: Beck
Profession:
Businessman
Marital
status: married
Proxy:
Hans-Hermann
Will
D 25485
Hemdingen
authorized to jointly represent the
company
born:
14.05.1964
Proxy:
Michael John
Kuhlmann
D 20097
Hamburg
authorized to
jointly represent the company
born: 30.01.1969
Further functions/participations of Rainer
Detering (Member of the Board of Directors)
Manager:
Helm Arabia
Holding GmbH
Nordkanalstr.
28
D 20097
Hamburg
Legal form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 26.04.2005
Reg.
data: 20355 Hamburg, HRB 93570
Manager:
Helm Export -
Import G.m.b.H.
Nordkanalstr.
28
D 20097
Hamburg
Legal form:
Private limited company
Share
capital: EUR 511,291.88
Registered
on: 01.01.1971
Reg.
data: 20355 Hamburg, HRB 13768
Manager:
Carl Emil
Wessel GmbH
Nordkanalstr.
28
D 20097
Hamburg
Legal form: Private limited
company
Share
capital: EUR 25,564.59
Registered
on: 15.04.1986
Reg.
data: 20355 Hamburg, HRB 13339
Further functions/participations of Volker
Seebeck (Member of the Board of Directors)
Manager:
MIDER-Helm
Methanol Vertriebs GmbH
Nordkanalstr.
28
D 20097
Hamburg
Post Box:
10 30 60, D
20021 Hamburg
Legal form:
Private limited company
Share
capital: EUR 255,645.94
Registered
on: 24.03.1998
Reg. data: 20355 Hamburg, HRB 66954
Vice-president of
the Board of Directors:
Verband
Chemiehandel e.V.(VCH)
Große
Neugasse 6
D 50667 Köln
Legal form:
Registered association
Registered
on: 31.12.1949
Reg.
data: 50939 Köln, VR 4317
21.04.1978 - 10.10.1978 Karl O.
Helm KG
D 20097
Hamburg
Ltd partnership with priv. ltd.
company
as
general partner
11.10.1978 - 15.05.2006 Helm
Aktiengesellschaft
Nordkanalstr. 28
D 20097
Hamburg
Public limited company
21.10.2010 - 24.08.2012 Member of
the Supervisory Board
Dr.rer.nat. Werner Kleinloh
D 45721
Haltern am See
20.10.2011 - 23.01.2012 President
of the Board of Directors
Dieter
Schnabel
D 22395
Hamburg
20.10.2011 - 23.01.2012 Member of
the Board of Directors
Hans-Christian Sievers
D 20095
Hamburg
13.11.2009 - 01.02.2011 Member of
the Board of Directors
Hartmut
Glaser
D 22559
Hamburg
30.09.2004 - 08.11.2010 Member of
the Supervisory Board
Friedrich-Wilhelm Hempel
D 40239 Düsseldorf
Main industrial
sector
21200 Manufacture of
pharmaceutical preparations
46461 Wholesale of
pharmaceutical goods
46750 Wholesale of chemical
products
72110 Research and development on
biotechnology
Branch:
HELM AG
Walter-Köhn-Str. 1b
D 04356
Leipzig
TEL.:
0341/5285150
Branch:
HELM AG
Homberger
Str. 5
D 40474
Düsseldorf
Branch:
HELM AG
Hugo-Eckener-Ring
D 60549
Frankfurt
Branch:
HELM AG
Hauptstr. 16
D 70563 Stuttgart
TEL.:
0711/734021
Limited partner:
Helm Arabia
GmbH & Co.KG
Nordkanalstr.
28
D 20097
Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 10,000,000.00
contribution:
Share: EUR 6,220,000.00
Reg.
data: 01.06.2005
Local court 20355 Hamburg
HRA 102131
Limited partner:
Richter-Helm
BioTec GmbH & Co. KG
Nordkanalstr.
28
D 20097
Hamburg
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total cap. EUR 2,000,000.00
contribution:
Share: EUR 1,000,000.00
Reg.
data: 08.01.2008
Local
court 20355 Hamburg
HRA 107616
Limited partner:
Richter-Helm
BioLogics GmbH & Co. KG
Dengelsberg
D 24796
Bovenau
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 1,500,000.00
contribution:
Share: EUR 450,000.00
Reg.
data: 10.10.2005
Local court 24114 Kiel
HRA 4989 KI
Limited partner:
BIL
Objektverwaltungs-GmbH & Co 739 KG
Emil-Riedl-Weg 6
D 82049
Pullach
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total cap. EUR 25,564.60
contribution:
Share: EUR 24,030.72
Reg.
data: 01.03.1999
Local court 80333 München
HRA 74039
Shareholder:
Helm
Düngemittel GmbH
Nordkanalstr.
28
D 20097
Hamburg
Post Box:
10 30 60
Legal form: Private limited company
Company
Status: active
Share
capital: EUR 20,000,000.00
Share: EUR 20,000,000.00
Reg.
data: 29.10.1979
Local court 20355 Hamburg
HRB 24242
Shareholder:
Helm Export -
Import G.m.b.H.
Nordkanalstr.
28
D 20097
Hamburg
Legal form: Private limited
company
Company
Status: active
Share
capital: EUR 511,291.88
Share: EUR 511,291.88
Reg. data: 01.01.1971
Local court 20355 Hamburg
HRB 13768
Shareholder:
Helm Medical
GmbH
Nordkanalstr.
28
D 20097
Hamburg
Legal form: Private limited company
Company
Status: active
Share
capital: EUR 500,000.00
Share: EUR 500,000.00
Reg.
data: 24.06.2008
Local court 20355 Hamburg
HRB 105742
Shareholder:
MIDER-Helm
Methanol Vertriebs GmbH
Nordkanalstr.
28
D 20097
Hamburg
Post Box:
10 30 60
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 255,645.94
Share: EUR 127,822.97
Reg.
data: 24.03.1998
Local court 20355 Hamburg
HRB 66954
Shareholder:
Kraeft
Logistik GmbH
Nordersand 2
D 20457
Hamburg
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Reg.
data: 09.02.1973
Local court 20355 Hamburg
HRB 15420
Shareholder:
Helm Arabia
Holding GmbH
Nordkanalstr. 28
D 20097
Hamburg
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 26.04.2005
Local court 20355 Hamburg
HRB 93570
Shareholder:
Richter-Helm
BioLogics Management GmbH
Dengelsberg
D 24796
Bovenau
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,564.59
Share: EUR 7,669.38
Reg.
data: 28.09.2005
Local court 24114 Kiel
HRB 7550 KI
Shareholder:
Richter-Helm
BioTec Management GmbH
Nordkanalstr.
28
D 20097
Hamburg
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Reg.
data: 21.12.2007
Local court 20355 Hamburg
HRB 103633
Payment experience: in top condition
Negative information: We have no
negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Nordkanalstr. 28
D 20097 Hamburg
Land register documents were not available.
Principal bank
COMMERZBANK, HAMBURG
Sort. code: 20040000, Account no.: 6114334, BIC: COBADEHHXXX
Further banks
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, BIC: DEUTDEHHXXX
HSH NORDBANK HAMBURG, HAMBURG
Sort. code: 20050000, BIC: HSHNDEHH200
UNICREDIT BANK - HYPOVEREINSBANK, HAMBURG
Sort. code: 20030000, Account no.: 206045, BIC: HYVEDEMM300
Turnover: 2011 EUR 2,661,911,689.00
2012 EUR 2,700,000,000.00
Profit: 2011 EUR 63,809,534.00
further
business figures:
Equipment: EUR 2,200,816.00
Ac/ts
receivable: EUR 457,017,699.00
Liabilities: EUR 333,778,721.00
Real
estate of the firm:
EUR 1,229,209.00
Employees:
567
-
thereof permanent staff: 521
-
Trainees:
46
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 52.21
Liquidity
ratio: 1.47
Return
on total capital [%]: 8.49
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 50.25
Liquidity
ratio: 1.38
Return
on total capital [%]: 8.42
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 61.84
Liquidity
ratio: 1.77
Return
on total capital [%]: 8.93
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 37.31
Liquidity
ratio: 1.10
Return
on total capital [%]: 11.43
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.
Balance sheet grade
The balance sheet grade is based on the following ratios: equity
ratio, liquidity ratio and return on total capital from the
balance sheets published in the Federal Gazette. It is calculated
in accordance with the methodology of Euler Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 775,487,914.00
Fixed
assets EUR 135,976,752.00
Intangible assets
EUR 2,447,826.00
Concessions, licences, rights
EUR 447,826.00
Advance payments for intang. assets
EUR 2,000,000.00
Tangible assets
EUR 3,454,097.00
Land
/ similar rights EUR 1,253,281.00
Other tangible assets / fixtures and
fittings
EUR 2,200,816.00
Financial assets
EUR 130,074,829.00
Shares in participations /
subsidiaries and the like
EUR 129,907,558.00
Shares in related companies
EUR 74,962,322.00
Shares in investee companies
EUR 54,945,236.00
Other
/ unspecified financial assets EUR
167,271.00
Current assets EUR 639,191,005.00
Stocks
EUR 159,545,155.00
Finished goods / work in progress
EUR 158,368,511.00
Advance payments made
EUR 1,176,644.00
Accounts receivable
EUR 457,017,699.00
Trade debtors
EUR 271,147,029.00
Amounts due from related companies
EUR 154,000,968.00
Amounts due from investee companies
EUR 12,481.00
Other debtors and assets
EUR 31,857,221.00
Liquid means
EUR 22,628,151.00
Remaining other assets EUR 320,157.00
Accruals (assets)
EUR 109,272.00
Deferred taxes (assets)
EUR 65,500.00
Active difference from asset
offsetting
EUR 145,385.00
LIABILITIES EUR 775,487,914.00
Shareholders' equity EUR 404,864,022.00
Capital
EUR 100,000,000.00
Subscribed capital (share capital)
EUR 100,000,000.00
Reserves
EUR 271,582,254.00
Retained earnings / revenue reserves EUR 271,582,254.00
Balance sheet profit/loss (+/-)
EUR 33,281,768.00
Balance sheet profit / loss
EUR 33,281,768.00
Provisions EUR 34,545,071.00
Pension provisions and comparable
provisions
EUR 1,053,304.00
Provisions for taxes
EUR 3,073,634.00
Other
/ unspecified provisions EUR 30,418,133.00
Liabilities EUR 333,778,721.00
Financial debts
EUR 119,835,514.00
Liabilities due to banks
EUR 119,835,514.00
Other
liabilities EUR 213,943,207.00
Trade creditors (for IAS incl. bills
of
exchange)
EUR 181,176,155.00
Liabilities from received advance
payments
EUR 988,252.00
Liabililties due to related companiesEUR 1,489,633.00
Liabilities due to investee companiesEUR 20,853,591.00
Unspecified other liabilities
EUR 9,435,576.00
thereof liabilities from tax /
financial
authorities EUR 3,133,281.00
thereof liabilities from social
security
EUR 0.00
Other
liabilities EUR 2,300,100.00
Deferred taxes (not included under
provisions/liabilities)
EUR 2,300,100.00
Guarantees and other commitments EUR 144,333,504.00
Guarantees / warranties
EUR 144,333,504.00
Warranties
EUR 144,333,504.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 2,661,911,689.00
Other
operating income EUR 6,089,209.00
Cost
of materials EUR 2,555,636,523.00
Raw
materials and supplies, purchased
goods
EUR 2,385,320,101.00
Purchased services
EUR 170,316,422.00
Gross
result (+/-) EUR 112,364,375.00
Staff
expenses EUR 68,329,764.00
Wages
and salaries EUR 63,353,362.00
Social security contributions and
expenses for pension plans and
benefits EUR 4,976,402.00
Total
depreciation EUR 1,047,158.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,047,158.00
Other
operating expenses EUR 22,401,496.00
Operating result from continuing
operations EUR 20,585,957.00
Result
from participating interests
(+/-) EUR 58,456,335.00
Expenses
/ income from participations EUR
58,971,951.00
Income from related companies
EUR 58,971,951.00
Expenses for participations
EUR 515,616.00
Expenses for other participations
EUR 515,616.00
Expenses for the transfer of losses EUR
2,312,155.00
Interest result (+/-) EUR -290,078.00
Interest and similar income
EUR 1,868,425.00
thereof from related companies
EUR 403,739.00
Interest and similar expenses
EUR 2,158,503.00
thereof paid to related companies
EUR 133,618.00
Other
financial result EUR -3,845,155.00
Depreciation on financial assets and
marketable
securities EUR 3,845,155.00
Financial result (+/-) EUR 52,008,947.00
Result
from ordinary operations (+/-) EUR 72,594,904.00
Extraordinary expenses EUR 2,026,151.00
Extraordinary result (+/-) EUR -2,026,151.00
Income
tax / refund of income tax (+/-)EUR
-6,690,497.00
Other
taxes / refund of taxes EUR -68,722.00
Tax
(+/-)
EUR -6,759,219.00
Annual
surplus / annual deficit EUR 63,809,534.00
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 718,325,124.00
Fixed
assets EUR 139,133,384.00
Intangible assets
EUR 463,635.00
Concessions, licences, rights
EUR 463,635.00
Tangible assets
EUR 2,794,243.00
Land
/ similar rights EUR 653,461.00
Other tangible assets / fixtures and
fittings
EUR 2,140,782.00
Financial assets
EUR 135,875,506.00
Shares in participations /
subsidiaries and the like
EUR 135,744,523.00
Shares in related companies
EUR 81,254,132.00
Shares in investee companies
EUR 54,490,391.00
Other
/ unspecified financial assets EUR
130,983.00
Current assets EUR 578,969,470.00
Stocks
EUR 135,780,062.00
Finished goods / work in progress
EUR 132,889,607.00
Advance payments made
EUR 2,890,455.00
Accounts receivable
EUR 425,663,918.00
Trade debtors
EUR 254,539,291.00
Amounts due from related companies
EUR 130,331,766.00
Amounts due from investee companies
EUR 85,545.00
Other debtors and assets
EUR 40,707,316.00
Liquid means
EUR 17,525,490.00
Remaining other assets EUR 222,270.00
Deferred taxes (assets)
EUR 64,200.00
Other
assets EUR 158,070.00
LIABILITIES EUR 718,325,124.00
Shareholders' equity EUR
361,054,488.00
Capital
EUR 100,000,000.00
Subscribed capital (share capital)
EUR 100,000,000.00
Reserves
EUR 231,582,254.00
Retained earnings / revenue reserves EUR 231,582,254.00
Balance sheet profit/loss (+/-)
EUR 29,472,234.00
Balance sheet profit / loss
EUR 29,472,234.00
Provisions EUR 28,923,442.00
Pension provisions and comparable
provisions
EUR 1,082,042.00
Provisions for taxes
EUR 2,095,032.00
Other
/ unspecified provisions EUR 25,746,368.00
Liabilities EUR 326,695,294.00
Financial debts
EUR 115,902,487.00
Liabilities due to banks
EUR 115,902,487.00
Other
liabilities EUR 210,792,807.00
Trade creditors (for IAS incl. bills
of
exchange)
EUR 190,451,654.00
Liabilities from received advance
payments
EUR 1,757,257.00
Liabililties due to related companiesEUR 57,749.00
Liabilities due to investee companiesEUR 60,616.00
Unspecified other liabilities
EUR 18,465,531.00
thereof liabilities from tax /
financial authorities
EUR 3,237,325.00
thereof liabilities from social
security
EUR 0.00
Other
liabilities EUR 1,651,900.00
Deferred taxes (not included under
provisions/liabilities)
EUR 1,651,900.00
Guarantees and other commitments EUR 152,099,271.00
Guarantees / warranties
EUR 152,099,271.00
Warranties
EUR 152,099,271.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 2,257,218,348.00
Other
operating income EUR 10,554,968.00
Cost
of materials
EUR 2,177,006,405.00
Raw
materials and supplies, purchased
goods EUR 2,025,817,530.00
Purchased services
EUR 151,188,875.00
Gross
result (+/-) EUR 90,766,911.00
Staff
expenses EUR 59,853,309.00
Wages
and salaries EUR 55,129,050.00
Social security contributions and
expenses for pension plans and
benefits
EUR 4,724,259.00
Total
depreciation EUR 1,011,081.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,011,081.00
Other
operating expenses EUR 24,933,851.00
Operating result from continuing
operations
EUR 4,968,670.00
Result
from participating interests
(+/-) EUR 58,735,869.00
Expenses / income from participations EUR 61,793,035.00
Income from transfer of profits
EUR 937,969.00
Income from related companies
EUR 60,855,066.00
Expenses for participations
EUR 3,057,166.00
Expenses for other participations
EUR 3,057,166.00
Interest result (+/-) EUR -718,083.00
Interest and similar income
EUR 1,131,490.00
thereof from related companies
EUR 195,936.00
Interest and similar expenses
EUR 1,849,573.00
thereof paid to related companies
EUR 52,279.00
Financial result (+/-) EUR 58,017,786.00
Result
from ordinary operations (+/-) EUR 62,986,456.00
Extraordinary expenses EUR 400,860.00
Extraordinary
result (+/-) EUR -400,860.00
Income
tax / refund of income tax (+/-)EUR
-2,402,198.00
Other
taxes / refund of taxes EUR -92,272.00
Tax
(+/-)
EUR -2,494,470.00
Annual
surplus / annual deficit EUR 60,091,126.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
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.