MIRA INFORM REPORT

 

 

Report Date :

07.02.2013

 

IDENTIFICATION DETAILS

 

Name :

MERCKLE GMBH

 

 

Registered Office :

Ludwig-Merckle-Str. 3, D 89143 Blaubeuren

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

2004

 

 

Com. Reg. No.:

HRB 5125

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other chemical products

 

 

No. of Employees :

1,770

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


germany - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.

 

 

 

Source : CIA

 

 

 

 


Company name

 

Merckle GmbH

 

 

Company address

 

Ludwig-Merckle-Str. 3

D 89143 Blaubeuren

Telephone:        07344/140

Telefax:             07344/141620

Homepage:        www.merckle.de

E-mail:              info@merckle.de

 

 

VAT no    

 

DE239707564

 

 

CONCLUSION

 

The company is considered solvent for credits within its scope of business.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         2004

Shareholders'

agreement:                    14.12.2004

Registered on:               22.02.2005

Commercial Register:     Local court 89073 Ulm

under:                           HRB 5125

Share capital:                 EUR            500,000.00

 

 


Shareholder

 

TEVA Health GmbH

Graf-Arco-Str. 3

D 89079 Ulm

Legal form: Private limited company

Share capital:     EUR             25,000.00

Share:             EUR            500,000.00

Registered on: 22.12.2010

Reg. data: 89073 Ulm, HRB 725926

 

 

Manager

 

Theodorus Jacobus Andriessen

NL - Haarlem

born: 26.01.1950

Nationality: Dutch

 

Manager:

                     Dr. Gerald Huber

                     D 73655 Plüderhausen

                     born: 25.05.1966

Manager:

                     Dr. Sven Dethlefs

                     D 20095 Hamburg

                     born: 27.11.1968

Manager:

                     Stefan Feltens

                     D 89073 Ulm

                     born: 11.09.1964

 

 

Proxy

 

Dr. Karl Heinz Emmert

D 89287 Bellenberg

authorized to jointly represent the company

born: 18.01.1958

 

Proxy:

                     Nicole von Gregory

                     D 01445 Radebeul

                     authorized to jointly represent the company

                     born: 19.07.1969

Proxy:

                     Stefan Winghardt

                     D 88471 Laupheim

                     authorized to jointly represent the company

                     born: 08.07.1969

Proxy:

                     Dr. Christian Horst Holzmann

                     D 91242 Ottensoos

                     authorized to jointly represent the company

                     born: 14.05.1963

 

Further functions/participations of Theodorus Jacobus Andriessen (Manager)

 

Manager:

                     ratiopharm GmbH

                     Graf-Arco-Str. 3 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR            414,000.00

                     Registered

                     on:         29.10.1979

                     Reg. data:  89073 Ulm, HRB 991

Manager:

                     CT Arzneimittel GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR          1,100,000.00

                     Registered

                     on:         22.12.2011

                     Reg. data:  89073 Ulm, HRB 727311

Manager:

                     TEVA Deutschland GmbH

                     Waldeckerstr. 11

                     D 64546 Mörfelden-Walldorf

                     Legal form: Private limited company

                     Share capital:     EUR             28,700.00

                     Registered

                     on:         24.07.2006

                     Reg. data:  64283 Darmstadt, HRB 85190

Manager:

                     TEVA Pharma GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR          1,022,583.76

                     Registered

                     on:         21.07.2011

                     Reg. data:  89073 Ulm, HRB 726775

Manager:

                     TEVA GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR            894,760.79

                     Registered

                     on:         18.08.2011

                     Reg. data:  89073 Ulm, HRB 726876

Manager:

                     Transpharm Logistik GmbH

                     Nicolaus-Otto-Str. 16 OT

                     Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             50,000.00

                     Registered

                     on:         12.02.1986

                     Reg. data:  89073 Ulm, HRB 1714

Manager:

                     Cephalon GmbH

                     Landsberger Str. 94

                     D 80339 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         08.03.1999

                     Reg. data:  80797 München, HRB 124521

Manager:

                     TEVA Pharma GmbH

                     Kandelstr. 10

                     D 79199 Kirchzarten

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         21.10.1997

                     Reg. data:  79098 Freiburg, HRB 5500

Manager:

                     Gen-Plus Verwaltungs GmbH

                     Frankfurter Ring 193a

                     D 80807 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         20.04.1999

                     Reg. data:  80797 München, HRB 125246

Manager:

                     Gry Pharma GmbH

                     Wasastr. 50

                     D 01445 Radebeul

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR            306,775.13

                     Registered

                     on:         18.06.2009

                     Reg. data:  01099 Dresden, HRB 27809


Manager:

                     O.R.C.A. pharm GmbH

                     Pfaffenrieder Str. 7

                     D 82515 Wolfratshausen

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             49,500.00

                     Registered

                     on:         24.02.1999

                     Reg. data:  80797 München, HRB 124343

Manager:

                     IVAX Pharma GmbH

                     Wasastr. 50

                     D 01445 Radebeul

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         23.06.2009

                     Reg. data:  01099 Dresden, HRB 27830

Manager:

                     ACCEDO Arzneimittel GmbH

                     Anne-Frank-Str. 1a

                     D 01445 Radebeul

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.07.2006

                     Reg. data:  01099 Dresden, HRB 24710

Manager:

                     Pliva Real Estate GmbH

                     Potsdamer Platz 10/Köthener

                     Straße 1

                     D 10785 Berlin

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         27.12.2011

                     Reg. data:  14057 Berlin, HRB 138844 B

Manager:

                     TEVA Health GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         22.12.2010

                     Reg. data:  89073 Ulm, HRB 725926


Manager:

                     Merckle Biotec GmbH

                     Dornierstr. 10 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.08.2004

                     Reg. data:  89073 Ulm, HRB 4990

Manager:

                     AbZ-Pharma GmbH

                     Dr.-Georg-Spohn-Str. 7

                     D 89143 Blaubeuren

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         08.06.1998

                     Reg. data:  89073 Ulm, HRB 3643

Manager:

                     ratiopharm International GmbH

                     Graf-Arco-Str. 3 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         15.06.1998

                     Reg. data:  89073 Ulm, HRB 3650

 

Further functions/participations of Dr. Gerald Huber (Manager)

Manager:

                     ratiopharm GmbH

                     Graf-Arco-Str. 3 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR            414,000.00

                     Registered

                     on:         29.10.1979

                     Reg. data:  89073 Ulm, HRB 991

Manager:

                     Gen-Plus Verwaltungs GmbH

                     Frankfurter Ring 193a

                     D 80807 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         20.04.1999

                     Reg. data:  80797 München, HRB 125246

 


Further functions/participations of Dr. Sven Dethlefs (Manager)

 

Manager:

                     ratiopharm GmbH

                     Graf-Arco-Str. 3 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR            414,000.00

                     Registered

                     on:         29.10.1979

                     Reg. data:  89073 Ulm, HRB 991

Manager:

                     CT Arzneimittel GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR          1,100,000.00

                     Registered

                     on:         22.12.2011

                     Reg. data:  89073 Ulm, HRB 727311

Manager:

                     TEVA Deutschland GmbH

                     Waldeckerstr. 11

                     D 64546 Mörfelden-Walldorf

                     Legal form: Private limited company

                     Share capital:     EUR             28,700.00

                     Registered

                     on:         24.07.2006

                     Reg. data:  64283 Darmstadt, HRB 85190

Manager:

                     AbZ-Pharma GmbH

                     Dr.-Georg-Spohn-Str. 7

                     D 89143 Blaubeuren

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         08.06.1998

                     Reg. data:  89073 Ulm, HRB 3643

Manager:

                     TEVA Pharma GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR          1,022,583.76

                     Registered

                     on:         21.07.2011

                     Reg. data:  89073 Ulm, HRB 726775

Manager:

                     TEVA GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR            894,760.79

                     Registered

                     on:         18.08.2011

                     Reg. data:  89073 Ulm, HRB 726876

Manager:

                     Merckle Biotec GmbH

                     Dornierstr. 10 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.08.2004

                     Reg. data:  89073 Ulm, HRB 4990

Manager:

                     ratiopharm International GmbH

                     Graf-Arco-Str. 3 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         15.06.1998

                     Reg. data:  89073 Ulm, HRB 3650

Manager:

                     Transpharm Logistik GmbH

                     Nicolaus-Otto-Str. 16 OT

                     Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             50,000.00

                     Registered

                     on:         12.02.1986

                     Reg. data:  89073 Ulm, HRB 1714

Manager:

                     TEVA Pharma GmbH

                     Kandelstr. 10

                     D 79199 Kirchzarten

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         21.10.1997

                     Reg. data:  79098 Freiburg, HRB 5500

Manager:

                     Pliva Real Estate GmbH

                     Potsdamer Platz 10/Köthener

                     Straße 1

                     D 10785 Berlin

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         27.12.2011

                     Reg. data:  14057 Berlin, HRB 138844 B

Manager:

                     Gen-Plus Verwaltungs GmbH

                     Frankfurter Ring 193a

                     D 80807 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         20.04.1999

                     Reg. data:  80797 München, HRB 125246

Manager:

                     Gry Pharma GmbH

                     Wasastr. 50

                     D 01445 Radebeul

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR            306,775.13

                     Registered

                     on:         18.06.2009

                     Reg. data:  01099 Dresden, HRB 27809

Manager:

                     IVAX Pharma GmbH

                     Wasastr. 50

                     D 01445 Radebeul

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         23.06.2009

                     Reg. data:  01099 Dresden, HRB 27830

Manager:

                     ACCEDO Arzneimittel GmbH

                     Anne-Frank-Str. 1a

                     D 01445 Radebeul

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.07.2006

                     Reg. data:  01099 Dresden, HRB 24710

Manager:

                     O.R.C.A. pharm GmbH

                     Pfaffenrieder Str. 7

                     D 82515 Wolfratshausen

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             49,500.00

                     Registered

                     on:         24.02.1999

                     Reg. data:  80797 München, HRB 124343

Manager:

                     Cephalon GmbH

                     Landsberger Str. 94

                     D 80339 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         08.03.1999

                     Reg. data:  80797 München, HRB 124521

Manager:

                     TEVA Health GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         22.12.2010

                     Reg. data:  89073 Ulm, HRB 725926

 

Deputy of the Board of Directors:

                     Pro Generika e.V.

                     Unter den Linden 32-34

                     D 10117 Berlin

                     Legal form: Registered association

                     Registered

                     on:         11.07.2006

                     Reg. data:  14057 Berlin, VR 23462

 

Further functions/participations of Stefan Feltens (Manager)

 

Manager:

                     CT Arzneimittel GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR          1,100,000.00

                     Registered

                     on:         22.12.2011

                     Reg. data:  89073 Ulm, HRB 727311

Manager:

                     TEVA Deutschland GmbH

                     Waldeckerstr. 11

                     D 64546 Mörfelden-Walldorf

                     Legal form: Private limited company

                     Share capital:     EUR             28,700.00

                     Registered

                     on:         24.07.2006

                     Reg. data:  64283 Darmstadt, HRB 85190

Manager:

                     AbZ-Pharma GmbH

                     Dr.-Georg-Spohn-Str. 7

                     D 89143 Blaubeuren

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         08.06.1998

                     Reg. data:  89073 Ulm, HRB 3643

Manager:

                     TEVA Pharma GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR          1,022,583.76

                     Registered

                     on:         21.07.2011

                     Reg. data:  89073 Ulm, HRB 726775

Manager:

                     TEVA GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR            894,760.79

                     Registered

                     on:         18.08.2011

                     Reg. data:  89073 Ulm, HRB 726876

Manager:

                     Merckle Biotec GmbH

                     Dornierstr. 10 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.08.2004

                     Reg. data:  89073 Ulm, HRB 4990

Manager:

                     ratiopharm International GmbH

                     Graf-Arco-Str. 3 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         15.06.1998

                     Reg. data:  89073 Ulm, HRB 3650

Manager:

                     Transpharm Logistik GmbH

                     Nicolaus-Otto-Str. 16 OT

                     Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             50,000.00

                     Registered

                     on:         12.02.1986

                     Reg. data:  89073 Ulm, HRB 1714

Manager:

                     Pliva Real Estate GmbH

                     Potsdamer Platz 10/Köthener

                     Straße 1

                     D 10785 Berlin

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         27.12.2011

                     Reg. data:  14057 Berlin, HRB 138844 B

Manager:

                     Gen-Plus Verwaltungs GmbH

                     Frankfurter Ring 193a

                     D 80807 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         20.04.1999

                     Reg. data:  80797 München, HRB 125246

Manager:

                     TEVA Health GmbH

                     Graf-Arco-Str. 3

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         22.12.2010

                     Reg. data:  89073 Ulm, HRB 725926

Manager:

                     ratiopharm GmbH

                     Graf-Arco-Str. 3 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Share capital:     EUR            414,000.00

                     Registered

                     on:         29.10.1979

                     Reg. data:  89073 Ulm, HRB 991

Manager:

                     Cephalon GmbH

                     Landsberger Str. 94

                     D 80339 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         08.03.1999

                     Reg. data:  80797 München, HRB 124521

 

 


COMPANY HISTORY

 

27.12.2004 - 22.02.2005  VEM Produktion GmbH (HRB 23252 AG

                         Dresden)

                         Wilhelm-Liebknecht-Str. 6

                         D 01257 Dresden

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

2059    Manufacture of other chemical products n.e.c.

2120    Manufacture of pharmaceutical preparations

721     Research and development on natural sciences and engineering

 

 

BRANCHES AND FACTORIES

 

Branch:

                     Merckle GmbH - Vertriebsbüro -

                     Graf-Arco-Str. 3 OT Donautal

                     D 89079 Ulm

                     TEL.: 0731/40201

                     FAX.: 0731/4027832

 

 

PARTICIPATIONS

 

General partner:

                     AWD.pharma GmbH & Co. KG

                     Wasastr. 50

                     D 01445 Radebeul

                     Post Box:

                     100241

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Company Status: active

                     Total cap.         EUR          5,000,000.00

                     contribution:

                     Reg. data:  23.03.2001

                                 Local court 01099 Dresden

                                 HRA 4459

General partner:

                     DIABETYLINGGESELLSCHAFT NACHF. APOTHEKER

                     HANS MEIXNER GMBH & CO KG

                     Zehrensdorfer Str. 4

                     D 15806 Zossen

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Company Status: dissolved

                     since:          09.03.2010

                     Reg. data:  09.03.2010

                                 Local court 14467 Potsdam

                                 HRA 5018 P

Shareholder:

                     ratiopharm GmbH

                     Graf-Arco-Str. 3 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            414,000.00

                     Share:             EUR            414,000.00

                     Reg. data:  29.10.1979

                                 Local court 89073 Ulm

                                 HRB 991

Shareholder:

                     Transpharm Logistik GmbH

                     Nicolaus-Otto-Str. 16 OT

                     Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             50,000.00

                     Share:             EUR             50,000.00

                     Reg. data:  12.02.1986

                                 Local court 89073 Ulm

                                 HRB 1714

Shareholder:

                     Asma Investment GmbH

                     Zehrensdorfer Str. 4

                     D 15806 Zossen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  18.11.2009

                                 Local court 14467 Potsdam

                                 HRB 22682 P

Shareholder:

                     Merckle Biotec GmbH

                     Dornierstr. 10 OT Donautal

                     D 89079 Ulm

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  10.08.2004

                                 Local court 89073 Ulm

                                 HRB 4990

Shareholder:

                     PULMOTEC GmbH

                     Nicolaus-Otto-Str. 25

                     D 89079 Ulm

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  26.02.2008

                                 Local court 89073 Ulm

                                 HRB 722027

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Graf-Arco-Str. 3

                                    D 89079 Ulm

 

Type of ownership:         Tenant

Address                        Ludwig-Merckle-Str. 3

                                    D 89143 Blaubeuren

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, ULM, DONAU

Sort. code: 63070088, BIC: DEUTDESS630

 

Further bank

COMMERZBANK, ULM, DONAU

Sort. code: 63040053, BIC: COBADEFF630

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR        179,299,381.00

Profit:              2010               EUR         37,651,313.00

Equipment:                              EUR          8,850,000.00

Ac/ts receivable:                       EUR         23,010,000.00

Liabilities:                            EUR         19,470,000.00

Employees:                                                  1,770

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.10.2010 - 31.12.2010

Equity ratio [%]:                 85.42

Liquidity ratio:                   0.26

Return on total capital [%]:       1.60

 

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:      01.10.2010 - 31.12.2010

 

ASSETS                                  EUR      2,350,887,312.73

 Fixed assets                           EUR      2,070,822,597.72

  Intangible assets                     EUR          2,851,143.00

  Tangible assets                       EUR         55,261,546.86

   Land / similar rights                EUR          2,009,766.00

   Plant / machinery                    EUR         27,584,854.00

   Other tangible assets / fixtures and

   fittings                             EUR         16,824,868.00

   Advance payments made / construction

   in progress                          EUR          8,842,058.86

  Financial assets                      EUR      2,012,709,907.86

   Shares in participations /

   subsidiaries and the like            EUR      2,012,709,907.86

    Shares in related companies         EUR      2,012,709,907.86

 Current assets                         EUR        278,217,343.22

  Stocks                                EUR        195,913,971.03

   Raw materials, consumables and

   supplies                             EUR         59,294,987.24

   Finished goods / work in progress    EUR        134,857,455.79

   Advance payments made                EUR          1,761,528.00

  Accounts receivable                   EUR         75,866,565.02

   Trade debtors                        EUR          6,348,980.20

   Amounts due from related companies   EUR         54,976,334.75

   Other debtors and assets             EUR         14,541,250.07

  Liquid means                          EUR          6,436,807.17

 Remaining other assets                 EUR          1,847,371.79

  Accruals (assets)                     EUR          1,779,531.06

  Other assets                          EUR             67,840.73

 

LIABILITIES                             EUR      2,350,887,312.73

 Shareholders' equity                   EUR      1,980,911,549.87

  Capital                               EUR            500,000.00

   Subscribed capital (share capital)   EUR            500,000.00

  Reserves                              EUR      1,975,968,586.92

   Capital reserves                     EUR      1,975,756,890.07

   Retained earnings / revenue reserves EUR            211,696.85

  Balance sheet profit/loss (+/-)       EUR          4,442,962.95

   Balance sheet profit / loss          EUR          4,442,962.95

 Provisions                             EUR         38,590,932.09

  Pension provisions and comparable

  provisions                            EUR          4,753,076.00

  Other / unspecified provisions        EUR         33,837,856.09

 Liabilities                            EUR        331,384,830.77

  Other liabilities                     EUR        331,384,830.77

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR         47,154,902.22

   Liabililties due to related companiesEUR        282,639,489.77

   Unspecified other liabilities        EUR          1,590,438.78

    thereof liabilities from tax /

    financial authorities               EUR          1,307,202.63

 Guarantees and other commitments       EUR          5,000,000.00

  Guarantees / warranties               EUR          5,000,000.00

   Guarantees                           EUR          5,000,000.00

 

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

Code (HGB)

 Sales                                  EUR        179,299,381.31

 Inventory change + own costs (+/-)     EUR          5,604,270.25

  Inventory change (+/-)                EUR          5,604,270.25

 Other operating income                 EUR          5,971,812.82

 Cost of materials                      EUR        130,980,819.71

  Raw materials and supplies, purchased

  goods                                 EUR        130,980,819.71

 Gross result (+/-)                     EUR         59,894,644.67

 Staff expenses                         EUR         27,201,706.48

  Wages and salaries                    EUR         22,265,830.53

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          4,935,875.95

 Total depreciation                     EUR          4,142,635.93

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR          4,142,635.93

 Other operating expenses               EUR         23,343,420.68

 Operating result from continuing

 operations                             EUR          5,206,881.58

 Result from participating interests

 (+/-)                                  EUR         36,767,720.54

  Expenses / income from participations EUR         52,892,050.69

   Income from transfer of profits      EUR         52,892,050.69

  Expenses for participations           EUR         16,124,330.15

 Interest result (+/-)                  EUR         -3,503,083.14

  Interest and similar income           EUR          2,319,341.88

  Interest and similar expenses         EUR          5,822,425.02

 Other financial result                 EUR           -612,284.18

  Income from securities and loans from

  financial assets                      EUR            135,330.00

  Depreciation on financial assets and

  marketable securities                 EUR            747,614.18

 Financial result (+/-)                 EUR         32,652,353.22

 Result from ordinary operations (+/-)  EUR         37,859,234.80

 Expenses for transfer of profits to a

 parent company                         EUR         37,651,313.81

 Income tax / refund of income tax (+/-)EUR             -8,410.25

 Other taxes / refund of taxes          EUR           -199,510.74

 Tax (+/-)                              EUR           -207,920.99

 Annual surplus / annual deficit        EUR                  0.00


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.08

UK Pound

1

Rs.83.11

Euro

1

Rs.72.01

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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

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NB

New Business

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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.