|
Report Date : |
06.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
TOMRA
SORTING GMBH |
|
|
|
|
Registered Office : |
Otto-Hahn-Str.
6 D 56218 Mülheim-Kärlich |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
13.11.2003 |
|
|
|
|
Legal Form : |
Private limited
company |
|
|
|
|
Line of Business : |
·
Manufacture
of general-purpose machinery ·
Wholesale
of other machinery, equipment and supplies ·
Organisation
of conventions and trade shows |
|
|
|
|
No. of Employees : |
159 |
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
TOMRA SORTING GMBH
Company Status: active
Otto-Hahn-Str. 6
D 56218 Mülheim-Kärlich
Telephone:02630/96520
Telefax: 02630/9652101
E-mail: info@titech.com
VAT no.: DE192741626
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1998
Shareholders'
agreement: 11.03.1998
Registered on: 13.11.2003
Commercial Register: Local court 56068 Koblenz
under: HRB
15327
Share capital: EUR 46,100.00
Shareholder:
TOMRA Sorting Solutions AS
Drengsrudhagen2
N 1385 Asker
Legal form: Other legal
form
Share: EUR 46,100.00
Manager:
Dr.rer.nat. Volker Rehrmann
Rheinstr. 6
D 56068 Koblenz
having sole power of
representation
born: 30.09.1961
Marital status: married
Proxy:
Christoph Artur Bach
Im Wiesengrund 5
D 56410 Montabaur
authorized to jointly
represent the company
born: 13.04.1964
Profession: Fully
qualified engineer
Marital status: married
Proxy:
Hartmut Harbeck
Op'n Klint 23
D 22880 Wedel
authorized to jointly
represent the company
born: 22.02.1953
Profession: graduate
engineer
Proxy:
Jürgen Hüskens
D 41747 Viersen
authorized to jointly
represent the company
born: 24.06.1964
Proxy:
Tom Ludvigsen Eng
N - Oslo
authorized to jointly
represent the company
born: 07.02.1965
Nationality: Norwegian
Proxy:
Kai Wiedemuth
D 56218 Mülheim-Kärlich
authorized to jointly
represent the company
born: 01.11.1975
Proxy:
Tord Svensson
D 22880 Wedel
authorized to jointly
represent the company
born: 07.11.1960
Proxy:
Jürgen Priesters
D 53937 Schleiden
authorized to jointly represent
the company
born: 24.06.1964
Further functions/participations of
Dr.rer.nat. Volker Rehrmann (Manager)
Limited partner:
ILG Braubach GmbH &
Co. KG
Rheinstr. 2a
D 56068 Koblenz
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 420,000.00
contribution:
Share: EUR 357,000.00
Registered
on: 03.11.2011
Reg. data: 56068 Koblenz, HRA 20972
07.08.1998 - 19.12.2000 REAL VISION SYSTEMS Gesellschaft für
industrielle
Bildverarbeitung mbH
Maria Trost 23
D 56070 Koblenz
Private limited
company
20.12.2000 - 23.07.2002 REAL VISION SYSTEMS Gesellschaft für
industrielle
Bildverarbeitung mbH
Rübenacher Str. 119
D 56072 Koblenz
Private limited
company
23.07.2002 - 09.12.2003 TiTech Visionsort GmbH
Rübenacher Str. 119
D 56072 Koblenz
Private limited
company
10.12.2003 - 31.01.2008 TiTech Visionsort GmbH
Lohmannstr. 27
D 56626 Andernach
Private limited
company
01.02.2008 - 09.03.2012 TiTech GmbH
Otto-Hahn-Str. 6
D 56218
Mülheim-Kärlich
Private limited company
Main industrial sector
28290
Manufacture of other general-purpose machinery
Secondary industrial sector
4669
Wholesale of other machinery, equipment and supplies
8230 Organisation of conventions and trade shows
Branch:
TOMRA Sorting GmbH
Klingelswiese 2
D 56626 Andernach
Payment experience: cash discount/within agreed terms
Negative information:We have no negative information
at hand.
BALANCE SHEET YEAR: 2011
Type of ownership: Tenant
Address Otto-Hahn-Str.
6
D 56218 Mülheim-Kärlich
Land register documents were not available.
Principal bank
DNB BANK ASA - FILIALE DEUTSCHLAND, HAMBURG
Sort. code: 20220100, BIC: DNBADEHXXXX
Turnover: 2011 EUR 63,299,979.00
2012
EUR 63,299,979.00
Profit: 2011 EUR 5,201,723.00
further business figures:
Equipment: EUR 1,334,189.00
Ac/ts receivable: EUR
13,033,959.00
Liabilities: EUR
12,759,186.00
Employees:
159
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 44.50
Liquidity ratio: 0.95
Return on total capital [%]: 14.80
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 51.08
Liquidity ratio: 1.14
Return on total capital [%]: 13.50
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.51
Liquidity ratio: 0.98
Return on total capital [%]: 0.59
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 80.36
Liquidity ratio: 10.00
Return on total capital [%]: 7.99
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 36,001,028.37
Fixed assets EUR 4,104,360.12
Intangible assets EUR
288,130.73
Concessions, licences, rights EUR 288,130.73
Tangible assets EUR
3,810,541.91
Plant / machinery EUR
2,476,352.86
Other tangible assets / fixtures and
fittings
EUR
1,334,189.05
Financial assets EUR
5,687.48
Other loans EUR 5,687.48
Current assets
EUR
31,860,615.53
Stocks EUR 18,819,073.79
Raw materials, consumables and
supplies EUR 8,381,390.78
Finished goods / work in progress EUR 10,041,116.70
Advance payments made EUR
396,566.31
Accounts receivable EUR
13,033,959.16
thereof total due from shareholders EUR 856,434.76
Trade debtors EUR
7,495,434.68
Amounts due from related companies EUR 4,918,966.08
Other debtors and assets EUR 619,558.40
Liquid means EUR 7,582.58
Remaining other assets EUR 36,052.72
Accruals (assets) EUR
36,052.72
LIABILITIES EUR 36,001,028.37
Shareholders' equity EUR
16,495,564.23
Capital EUR 46,100.00
Subscribed capital (share capital) EUR 46,100.00
Reserves EUR 521,050.59
Capital reserves EUR
316,553.59
Retained earnings / revenue reserves EUR 204,497.00
Balance sheet profit/loss (+/-) EUR 15,928,413.64
Balance sheet profit / loss EUR 15,928,413.64
Provisions EUR 6,746,277.73
Provisions for taxes
EUR
2,182,008.00
Other / unspecified provisions EUR 4,564,269.73
Liabilities EUR 12,759,186.41
Financial debts EUR
8,786,815.18
Liabilities due to banks EUR 8,786,815.18
Other liabilities EUR
3,972,371.23
Trade creditors (for IAS incl. bills
of exchange) EUR 1,052,447.38
Liabilities from received advance
payments EUR
2,117,064.00
Liabililties due to related companies EUR
554,678.59
Unspecified other liabilities EUR 248,181.26
thereof liabilities from tax /
financial authorities
EUR 145,806.23
thereof liabilities from social
security
EUR 49,771.43
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR
63,299,978.76
Inventory change + own costs (+/-) EUR 3,129,867.10
Inventory change (+/-) EUR
3,129,867.10
Other operating income EUR
1,107,112.48
Cost of materials EUR 35,633,074.41
Raw materials and supplies, purchased
goods EUR 35,507,967.26
Purchased services EUR
125,107.15
Gross result (+/-) EUR
31,903,883.93
Staff expenses EUR 11,048,866.51
Wages and salaries EUR
9,530,544.97
Social security contributions and
expenses for pension plans and
benefits EUR 1,518,321.54
Total depreciation EUR
944,006.04
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 944,006.04
Other operating expenses EUR 12,792,965.54
Operating result from continuing
operations EUR 7,118,045.84
Interest result (+/-) EUR
-48,957.61
Interest and similar income EUR 11,583.86
Interest and similar expenses EUR 60,541.47
Other financial result EUR
381.26
Income from securities and loans from
financial assets EUR
381.26
Financial result (+/-) EUR -48,576.35
Result from ordinary operations (+/-) EUR 7,069,469.49
Income tax / refund of income tax (+/-) EUR -1,858,105.95
Other taxes / refund of taxes EUR -9,640.86
Tax (+/-) EUR
-1,867,746.81
Annual surplus / annual deficit EUR 5,201,722.68
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010
- 31.12.2010
ASSETS
EUR
22,635,980.03
Fixed assets EUR 3,592,348.55
Intangible assets EUR
275,493.91
Concessions, licences, rights EUR 275,493.91
Tangible assets EUR 3,308,548.42
Plant / machinery
EUR 2,074,333.45
Other tangible assets / fixtures and
fittings EUR 1,234,214.97
Financial assets EUR 8,306.22
Other loans EUR 8,306.22
Current assets EUR 19,026,084.12
Stocks EUR 12,051,478.92
Raw materials, consumables and
supplies EUR 4,901,837.55
Finished goods / work in progress EUR 6,911,249.60
Advance payments made EUR
238,391.77
Accounts receivable EUR
6,554,913.74
Trade debtors
EUR 4,978,223.28
Amounts due from related companies
EUR
1,233,999.95
Other debtors and assets EUR 342,690.51
Liquid means EUR 419,691.46
Remaining other assets EUR
17,547.36
Accruals (assets) EUR
17,547.36
LIABILITIES EUR 22,635,980.03
Shareholders' equity EUR 11,293,841.55
Capital EUR 46,100.00
Subscribed capital (share capital) EUR 46,100.00
Reserves EUR 521,050.59
Capital reserves EUR 316,553.59
Retained earnings / revenue reserves EUR 204,497.00
Balance sheet profit/loss (+/-) EUR 10,726,690.96
Balance sheet profit / loss EUR 10,726,690.96
Provisions EUR 4,852,121.66
Provisions for taxes EUR
801,485.00
Other / unspecified provisions EUR
4,050,636.66
Liabilities EUR 6,490,016.82
thereof total due to shareholders EUR 336,742.13
Financial debts EUR
3,610,328.46
Liabilities due to banks EUR 3,610,328.46
Other liabilities EUR
2,879,688.36
Trade creditors (for IAS incl. bills
of exchange) EUR 881,378.80
Liabilities from received advance
payments EUR 1,098,086.00
Liabililties due to related companies EUR 696,520.85
Unspecified other liabilities EUR
203,702.71
thereof liabilities from tax /
financial authorities EUR 123,786.26
thereof liabilities from social
security EUR
32,719.41
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR
24,213,911.56
Staff expenses EUR 9,245,196.97
Wages and salaries EUR
7,928,449.65
Social security contributions and
expenses for pension plans and
benefits EUR 1,316,747.32
Total depreciation EUR
793,084.96
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 793,084.96
Other operating expenses EUR 9,914,468.45
Operating result from continuing
operations EUR 4,261,161.18
Interest result (+/-) EUR
-111,277.67
Interest and similar income EUR 13,810.32
Interest and similar expenses EUR 125,087.99
Other financial result EUR
531.26
Income from securities and loans from
financial assets EUR 531.26
Financial result (+/-) EUR -110,746.41
Result from ordinary operations (+/-) EUR 4,150,414.77
Extraordinary income EUR 901,798.61
Extraordinary result (+/-) EUR 901,798.61
Income tax / refund of income tax (+/-) EUR
-1,105,796.11
Other taxes / refund of taxes EUR -6,868.98
Tax (+/-) EUR -1,112,665.09
Annual surplus / annual deficit EUR 3,939,548.29
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.101.08 |
|
Euro |
1 |
Rs.84.07 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.