MIRA INFORM REPORT

 

 

Report Date :

05.12.2013

 

IDENTIFICATION DETAILS

 

Name :

DOHLER GMBH

 

 

Registered Office :

Riedstr. 7-9 D 64295 Darmstadt Post Box:10 04 64, D 64204 Darmstadt

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

14.10.1994

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Manufacture of fruit and vegetable juice

·         Manufacture of condiments and seasonings

·         Wholesale of food

 

 

No. of Employees :

916

 

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 – 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


Company name and address

 

 DOHLER GMBH

 

 Company Status:          active

Riedstr. 7-9

D 64295 Darmstadt

Post Box:

10 04 64, D 64204 Darmstadt

Telephone:06151/3060

Telefax:  06151/306278

Homepage: www.doehler.com

E-mail:   mailbox@doehler.com

 

 VAT no.:                      DE811745218

 Tax ID number:             007 225 05904

 

 

 CONCLUSION

 

 Business relations are permissible. The company is considered

 solvent for credits within its scope of business.

 

 

Company summary

 

 LEGAL FORM              Private limited company

 Date of foundation:         14.10.1994

 Shareholders'

 agreement:                   14.10.1994

 Registered on:              09.12.1994

 Commercial Register:    Local court 64283 Darmstadt

 under:                          HRB 5979

 

 

 Share capital:                          EUR         83,200,000.00

 

 Shareholder:

                      Elena Christina Gemmer-Hoffmann

                      Croissant-Rust-Str. 1

                      D 81243 München

                      born: 19.01.1978

                      Share:             EUR         20,592,000.00

 

Shareholder:

                      Melanie Gemmer-Feldmann

                      Friedrich-Naumann-Str. 2

                      D 64297 Darmstadt

                      born: 26.09.1978

                      Share:             EUR         20,592,000.00

 Shareholder:

                      Florian Klein

                      Am Häuselberg 25

                      D 67434 Neustadt

                      born: 13.05.1975

                      Share:             EUR         13,728,000.00

 Shareholder:

                      Philipp-Benjamin Klein

                      Am Feenteich 16

                      D 22085 Hamburg

                      born: 10.01.1978

                      Share:             EUR         13,728,000.00

 Shareholder:

                      Andreas Klein

                      D 64283 Darmstadt

                      born: 17.08.1971

                      Share:             EUR         13,728,000.00

 Shareholder:

                      Jörg Gemmer

                      Seitersweg 29

                      D 64287 Darmstadt

                      born: 21.10.1941

                      Share:             EUR            416,000.00

 Shareholder:

                      Diana Maria Klein

                      Am Löwentor 18

                      D 64287 Darmstadt

                      born: 27.07.1944

                      née: Gemmer

                      Share:             EUR            308,000.00

 Shareholder:

                      Dr. Jochen Klein

                      Am Löwentor 18

                      D 64287 Darmstadt

                      born: 30.07.1943

                      Share:             EUR            108,000.00

 Manager:

                      Andreas Klein

                      D 64283 Darmstadt

                      authorized to jointly represent the company

                      born: 17.08.1971

 Manager:

                      Dr. Martin Bernhard Jager

                      D 67677 Enkenbach-Alsenborn

                      authorized to jointly represent the company

                      born: 25.06.1963

 Manager:

                      Kurt Hufnagel

                      D 64283 Darmstadt

                      authorized to jointly represent the company

                      born: 30.12.1952

 Manager:

                      Dr. Bernd Metzner

                      D 64295 Darmstadt

                      authorized to jointly represent the company

                      born: 13.10.1970 in Ruit auf den Fildern

                      Profession: Tax adviser

                      Marital status: unknown

 Proxy:

                      Dr. Joachim Tretzel

                      In den Löser 3

                      D 64342 Seeheim-Jugenheim

                      authorized to jointly represent the company

                      born: 12.09.1951

                      Marital status: married

 Proxy:

                      Cornelis Henricus Maria Cools

                      NL  XM Oosterhout

                      authorized to jointly represent the company

                      born: 01.03.1951

                      born: (gen. Kees)

                      Nationality: Dutch

 Proxy:

                      Dr. jur. Thomas Schneider-Bienert

                      D 64846 Groß-Zimmern

                      authorized to jointly represent the company

                      born: 20.09.1959

                      Marital status: married

 Proxy:

                      Thomas Hipp

                      D 64579 Gernsheim

                      authorized to jointly represent the company

                      born: 22.04.1969

 Proxy:

                      Peter Drewes

                      D 64331 Weiterstadt

                      authorized to jointly represent the company

                      born: 01.08.1944

 

 Further functions/participations of Andreas Klein (Manager)

 Shareholder:

                      I-Invest GmbH

                      Riedstr. 9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR          1,500,000.00

                      Share:                 EUR            120,000.00

                      Registered

                      on:         08.07.1958

                      Reg. data:  64283 Darmstadt, HRB 1269

 Manager:

                      DÖHLER Financial Services GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         23.07.1981

                      Reg. data:  64283 Darmstadt, HRB 2895

 Manager:

                      Döhler Neuenkirchen GmbH

                      Dorfstr. 17

                      D 21763 Neuenkirchen

                      Legal form: Private limited company

                      Share capital:     EUR         10,000,000.00

                      Registered

                      on:         01.08.2005

                      Reg. data:  21255 Tostedt, HRB 110830

 Manager:

                      Döhler International GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         16.04.2010

                      Reg. data:  64283 Darmstadt, HRB 88819

 

 Further functions/participations of Dr. Martin Bernhard Jager

 (Manager)

 Manager:

                      Döhler Neuss GmbH

                      Kreitzweg 10

                      D 41472 Neuss

                      Legal form: Private limited company

                      Share capital:     EUR          4,000,000.00

                      Registered

                      on:         16.04.2010

                      Reg. data:  41460 Neuss, HRB 15612

 

 Further functions/participations of Dr. Bernd Metzner (Manager)

 Manager:

                      wet-green GmbH

                      Erwin-Seiz-Str. 9a

                      D 72764 Reutlingen

                      Legal form: Private limited company

                      Share capital:     EUR            187,500.00

                      Registered

                      on:         19.07.2013

                      Reg. data:  70190 Stuttgart, HRB 745668

 Proxy:

                      DÖHLER Financial Services GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         23.07.1981

                      Reg. data:  64283 Darmstadt, HRB 2895

 Proxy:

                      Döhler Neuenkirchen GmbH

                      Dorfstr. 17

                      D 21763 Neuenkirchen

                      Legal form: Private limited company

                      Share capital:     EUR         10,000,000.00

                      Registered

                      on:         01.08.2005

                      Reg. data:  21255 Tostedt, HRB 110830

 Proxy:

                      Döhler Neuss GmbH

                      Kreitzweg 10

                      D 41472 Neuss

                      Legal form: Private limited company

                      Share capital:     EUR          4,000,000.00

                      Registered

                      on:         16.04.2010

                      Reg. data:  41460 Neuss, HRB 15612

 

 

 COMPANY HISTORY

 

 09.12.1994 - 29.08.1995  Döhler Natural Beverage Ingredients GmbH

                          Riedstr. 7-9

                          D 64295 Darmstadt

                          Private limited company

 29.08.1995 - 14.10.2001  DÖHLER-EURO CITRUS Natural Beverage

                          Ingredients GmbH

                          Riedstr. 7-9

                          D 64295 Darmstadt

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 10320   Manufacture of fruit and vegetable juice

 

1084    Manufacture of condiments and seasonings

 

46389   Wholesale of food n.e.c.

 

 PARTICIPATIONS

 

 Limited partner:

                      F&B Invest GmbH & Co. KG

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR          1,000,000.00

                      contribution:

                      Share:             EUR          1,000,000.00

                      Reg. data:  15.04.2013

                                  Local court 64283 Darmstadt

                                  HRA 84947

 Shareholder:

                      Döhler Neuenkirchen GmbH

                      Dorfstr. 17

                      D 21763 Neuenkirchen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR         10,000,000.00

                      Share:             EUR         10,000,000.00

                      Reg. data:  01.08.2005

                                  Local court 21255 Tostedt

                                  HRB 110830

 Shareholder:

                      Döhler Neuss GmbH

                      Kreitzweg 10

                      D 41472 Neuss

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          4,000,000.00

                      Share:             EUR          4,000,000.00

                      Reg. data:  16.04.2010

                                  Local court 41460 Neuss

                                  HRB 15612

 Shareholder:

                      Bonjuice Trading GmbH

                      Industriestr. 19 Gewerbegebiet

                      Auf dem Mutzer

                      D 41366 Schwalmtal

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             52,000.00

                      Share:             EUR             52,000.00

                      Reg. data:  07.07.2006

                                  Local court 41061

                                  Mönchengladbach

                                  HRB 11730

 Shareholder:

                      Güldenkron Fruchtsaft-Kellerei GmbH

                      Brückenstr. 9

                      D 57647 Nistertal

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            100,000.00

                      Share:             EUR             50,000.00

                      Reg. data:  22.01.1991

                                  Local court 56410 Montabaur

                                  HRB 3960

 Shareholder:

                      wet-green GmbH

                      Erwin-Seiz-Str. 9a

                      D 72764 Reutlingen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            187,500.00

                      Share:             EUR             37,350.00

                      Reg. data:  19.07.2013

                                  Local court 70190 Stuttgart

                                  HRB 745668

 Shareholder:

                      DÖHLER Financial Services GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             30,000.00

                      Share:             EUR             30,000.00

                      Reg. data:  23.07.1981

                                  Local court 64283 Darmstadt

                                  HRB 2895

 Shareholder:

                      OLYMPIA International GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  24.11.1983

                                  Local court 64283 Darmstadt

                                  HRB 3252

 Shareholder:

                      Döhler International GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  16.04.2010

                                  Local court 64283 Darmstadt

                                  HRB 88819

 Shareholder:

                      Retailors GmbH

                      Frankfurter Str. 111

                      D 63067 Offenbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             26,000.00

                      Share:             EUR              6,400.00

                      Reg. data:  30.07.1998

                                  Local court 63065 Offenbach

                                  HRB 10731

 Shareholder:

                      N-Zyme BioTec GmbH

                      Riedstr. 7

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR              6,225.00

                      Reg. data:  19.12.2012

                                  Local court 64283 Darmstadt

                                  HRB 91707

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 BALANCE SHEET YEAR:  2011

 

 

 REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Riedstr. 7-9

                                    D 64295 Darmstadt

 

 Land register documents were not available.

 


 

 BANKERS

 

 Principal bank

 COMMERZBANK, DARMSTADT

 Sort. code: 50840005, BIC: COBADEFF508

 

 Further banks

 DEUTSCHE BANK, DARMSTADT

 Sort. code: 50870005, BIC: DEUTDEFF508

 COMMERZBANK VORMALS DRESDNER BANK, DARMSTADT

 Sort. code: 50880050, BIC: DRESDEFF508

 STADT- UND KREIS-SPARKASSE DARMSTADT, DARMSTADT

 Sort. code: 50850150, BIC: HELADEF1DAS

 

 

 FINANCIAL FIGURES

 

 Turnover:                       2011               EUR        319,358,725.00

 Profit:                           2011                 EUR         19,194,342.00

 Equipment:                                           EUR          8,099,492.00

 Ac/ts receivable:                                  EUR        163,850,686.00

 Liabilities:                                             EUR        154,888,442.00

 Employees:                                                                  916

 - thereof permanent staff:                                               394

 - Trainees:                                                                     37

 

 

 BALANCE SHEETS

 

 Balance sheet ratios     01.01.2011 - 31.12.2011

 Equity ratio [%]:                        58.86

 Liquidity ratio:                           1.06

 Return on total capital [%]:       4.20

 

 Balance sheet ratios     01.01.2010 - 31.12.2010

 Equity ratio [%]:                         65.92

 Liquidity ratio:                           1.20

 Return on total capital [%]:       4.53

 

Balance sheet ratios      01.01.2009 - 31.12.2009

 Equity ratio [%]:                        78.06

 Liquidity ratio:                           2.41

 Return on total capital [%]:       8.74

 

 Balance sheet ratios     01.01.2008 - 31.12.2008

 Equity ratio [%]:                        71.79

 Liquidity ratio:                           1.50

 Return on total capital [%]:       5.83

 Balance sheet grade:                1.7

 

 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:                                   01.01.2011 - 31.12.2011

 

ASSETS                                               EUR        456,553,850.48

Fixed assets                                         EUR        251,944,274.84

Intangible assets                                    EUR          1,665,488.73

Concessions, licences, rights                  EUR          1,665,488.73

Tangible assets                                     EUR         23,884,274.73

Land / similar rights                                EUR          1,468,751.00

Plant / machinery                                   EUR         13,622,383.33

Other tangible assets / fixtures and

fittings                                                   EUR          8,099,492.00

Advance payments made / construction

in progress                                            EUR            693,648.40

Financial assets                                    EUR        226,394,511.38

Shares in participations /

subsidiaries and the like                         EUR        208,615,441.44

Shares in related companies                   EUR        202,258,442.33

Shares in investee companies                  EUR          6,356,999.11

Loans to participations /

subsidiaries and the like                          EUR          1,000,000.00

Loans to related companies                    EUR          1,000,000.00

Other loans                                           EUR         16,779,069.94

Current assets                                       EUR        201,086,037.95

Stocks                                                   EUR         36,942,470.72

Raw materials, consumablees and

supplies                                                EUR         26,795,091.51

Finished goods / work in progress            EUR          9,448,329.21

Advance payments made                        EUR            699,050.00

Accounts receivable                               EUR        163,850,686.35

Trade debtors                                        EUR         30,846,668.10

Amounts due from related companies      EUR        121,455,265.76

Amounts due from investee companies  EUR          1,087,910.30

Other debtors and assets                       EUR         10,460,842.19

Liquid means                                         EUR            292,880.88

Remaining other assets                          EUR          3,523,537.69

Accruals (assets)                                   EUR          3,417,776.78

Active difference from asset

offsetting                                               EUR            105,760.91

 

LIABILITIES                                           EUR        456,553,850.48

Shareholders' equity                               EUR        268,453,288.39

Capital                                                   EUR         83,200,000.00

Subscribed capital (share capital)            EUR         83,200,000.00

Reserves                                               EUR         33,916,984.30

Capital reserves                                     EUR         33,916,984.30

Balance sheet profit/loss (+/-)                 EUR        151,336,304.09

Profit / loss brought forward                     EUR        132,141,962.02

Annual surplus / annual deficit                 EUR         19,194,342.07

Provisions                                              EUR         33,212,119.89

Pension provisions and comparable

provisions                                              EUR         14,161,837.56

Provisions for taxes                                EUR            463,860.68

Other / unspecified provisions                  EUR         18,586,421.65

Liabilities                                               EUR        154,888,442.20

Financial debts                                       EUR         80,532,080.29

Liabilities due to banks                           EUR         80,532,080.29

Other liabilities                                        EUR         74,356,361.91

Trade creditors (for IAS incl. bills

of exchange)                                          EUR         18,070,015.34

Liabilities due to shareholders                 EUR            283,560.78

Liabililties due to related companies        EUR          9,176,907.45

Unspecified other liabilities                      EUR         46,825,878.34

thereof liabilities from tax /

financial authorities                                EUR          2,042,887.09

thereof liabilities from social

security                                                  EUR            505,726.54

 

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

Code (HGB)

Sales                                                     EUR        319,358,724.86

Inventory change + own costs (+/-)          EUR          2,025,986.21

Inventory change (+/-)                             EUR          2,025,986.21

Other operating income                          EUR         11,642,219.07

Cost of materials                                     EUR        195,264,295.34

Raw materials and supplies, purchased

goods                                                   EUR        192,316,170.08

Purchased services                                 EUR          2,948,125.26

Gross result (+/-)                                    EUR        137,762,634.80

Staff expenses                                       EUR         55,430,851.93

Wages and salaries                               EUR         47,729,192.19

Social security contributions and

expenses for pension plans and

benefits                                                  EUR          7,701,659.74

Total depreciation                                    EUR          6,450,604.19

Depreciation on tangible / intangible

asssets (incl. start-up and exp. of

bus.                                                      EUR          6,450,604.19

Other operating expenses                        EUR         58,579,960.39

Operating result from continuing

operations                                             EUR         17,301,218.29

Result from participating interests

(+/-)                                                       EUR         10,498,736.35

Expenses / income from participations     EUR         11,877,010.05

Income from transfer of profits                  EUR         10,479,285.51

Income from related companies               EUR          1,397,724.54

Expenses for participations                     EUR          1,378,273.70

Expenses for other participations             EUR          1,378,273.70

Interest result (+/-)                                 EUR            185,451.29

Interest and similar income                      EUR          3,156,818.72

thereof from related companies                EUR          2,453,027.65

Interest and similar expenses                  EUR          2,971,367.43

thereof paid to related companies             EUR            435,340.87

Other financial result                              EUR            -79,037.81

Depreciation on financial assets and

marketable securities                             EUR             79,037.81

Financial result (+/-)                                EUR         10,605,149.83

Result from ordinary operations (+/-)        EUR         27,906,368.12

Income tax / refund of income tax (+/-)     EUR         -7,987,883.46

Other taxes / refund of taxes                   EUR           -724,142.59

Tax (+/-)                                                EUR         -8,712,026.05

Annual surplus / annual deficit                  EUR         19,194,342.07

 

 

Type of balance sheet:                        Company balance sheet

 

Financial year:                                    01.01.2010 - 31.12.2010

 

ASSETS                                               EUR        385,806,723.46

Fixed assets                                         EUR        227,990,003.39

Intangible assets                                    EUR          1,726,247.73

Concessions, licences, rights                 EUR          1,726,247.73

Tangible assets                                     EUR         19,345,931.65

Land / similar rights                                 EUR          1,270,874.00

Plant / machinery                                    EUR          5,928,504.33

Other tangible assets / fixtures and

fittings                                                   EUR          7,902,308.00

Advance payments made / construction

in progress                                            EUR          4,244,245.32

Financial assets                                    EUR        206,917,824.01

Shares in participations /

subsidiaries and the like                         EUR        187,242,996.01

Shares in related companies                    EUR        179,403,552.36

Shares in investee companies                 EUR          7,839,443.65

Loans to participations /

subsidiaries and the like                         EUR          6,000,000.00

Loans to related companies                    EUR          6,000,000.00

Other loans                                           EUR         13,674,828.00

Current assets                                       EUR        153,926,299.12

Stocks                                                  EUR         33,011,722.60

Raw materials, consumables and

supplies                                                EUR         25,343,530.39

Finished goods / work in progress           EUR          7,668,192.21

Accounts receivable                               EUR        118,866,691.42

Trade debtors                                         EUR         26,105,272.34

Amounts due from related companies     EUR         80,125,982.79

Amounts due from investee companies   EUR          1,164,089.64

Other debtors and assets                        EUR         11,471,346.65

Liquid means                                         EUR          2,047,885.10

Remaining other assets                          EUR          3,890,420.95

Accruals (assets)                                    EUR          3,761,081.57

Active difference from asset

offsetting                                                EUR            129,339.38

 

LIABILITIES                                           EUR        385,806,723.46

Shareholders' equity                               EUR        254,258,946.32

Capital                                                  EUR         83,200,000.00

Subscribed capital (share capital)            EUR         83,200,000.00

Reserves                                               EUR         33,916,984.30

Capital reserves                                     EUR         33,916,984.30

Balance sheet profit/loss (+/-)                  EUR        137,141,962.02

Profit / loss brought forward                      EUR        121,569,925.88

Annual surplus / annual deficit                 EUR         15,572,036.14

Provisions                                               EUR         30,656,196.24

Pension provisions and comparable

provisions                                              EUR         14,088,917.00

Provisions for taxes                                EUR            214,791.53

Other / unspecified provisions                  EUR         16,352,487.71

Liabilities                                                EUR        100,891,580.90

Financial debts                                       EUR         31,341,442.34

Liabilities due to banks                           EUR         31,341,442.34

Other liabilities                                       EUR         69,550,138.56

Trade creditors (for IAS incl. bills

of exchange)                                          EUR         20,039,767.02

Liabilities due to shareholders                  EUR             81,480.69

Liabililties due to related companies        EUR          6,947,931.80

Unspecified other liabilities                      EUR         42,480,959.05

thereof liabilities from tax /

financial authorities                                 EUR          1,547,904.63

thereof liabilities from social

security                                                  EUR            485,642.05


 

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

Code (HGB)

Sales                                                    EUR        300,451,571.64

Inventory change + own costs (+/-)           EUR            731,055.80

Inventory change (+/-)                             EUR            731,055.80

Other operating income                          EUR         10,946,913.74

Cost of materials                                     EUR        171,573,928.60

Raw materials and supplies, purchased

goods                                                   EUR        168,867,301.81

Purchased services                                EUR          2,706,626.79

Gross result (+/-)                                   EUR        140,555,612.58

Staff expenses                                       EUR         53,850,807.25

Wages and salaries                                EUR         46,401,042.14

Social security contributions and

expenses for pension plans and

benefits                                                 EUR          7,449,765.11

Total depreciation                                   EUR          6,744,518.42

Depreciation on tangible / intangible

asssets (incl. start-up and exp. of

bus.                                                      EUR          6,744,518.42

Other operating expenses                       EUR         52,322,807.21

Operating result from continuing

operations                                               EUR         27,637,479.70

Result from participating interests

(+/-)                                                      EUR         -1,256,993.82

Expenses / income from participations     EUR            768,202.35

Income from related companies               EUR            768,202.35

Expenses for participations                     EUR          2,025,196.17

Expenses for other participations              EUR          2,025,196.17

Interest result (+/-)                                 EUR            619,820.22

Interest and similar income                     EUR          1,797,010.75

thereof from related companies                 EUR          1,182,665.33

Interest and similar expenses                  EUR          1,177,190.53

thereof paid to related companies             EUR            144,400.72

Financial result (+/-)                               EUR           -637,173.60

Result from ordinary operations (+/-)        EUR         27,000,306.10

Extraordinary income                             EUR            165,202.13

Extraordinary expenses                          EUR          2,062,538.00

Extraordinary result (+/-)                         EUR         -1,897,335.87

Income tax / refund of income tax (+/-)     EUR         -8,872,550.89

Other taxes / refund of taxes                   EUR           -658,383.20

Tax (+/-)                                                EUR         -9,530,934.09

Annual surplus / annual deficit                  EUR         15,572,036.14

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.33

UK Pound

1

Rs.102.18

Euro

1

Rs.84.68

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.