|
Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
HERRENKNECHT AKTIENGESELLSCHAFT |
|
|
|
|
Registered Office : |
Schlehenweg 2, D 77963 Schwanau, Post Box:63 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishments: |
1977 |
|
|
|
|
Com. Reg. No.: |
HRB 390485 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
· Manufacturer of other special-purpose machinery Agents involved in the
sale of machines (except agricultural machineryand office machinery) and
industrial supplies |
|
|
|
|
No. of Employees : |
2,214 |
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 |
HERRENKNECHT AKTIENGESELLSCHAFT
Schlehenweg 2
D 77963 Schwanau
Post Box:63
Telephone: 07824/302-0
Telefax: 07824/3403
Homepage: www.herrenknecht.de
E-mail: pr@herrenknecht.de
DE142362596
10055/05037
Active
LEGAL FORM Public limited company
Date of foundation: 1977
Registered on: 23.12.1998
Commercial Register: Local court 79098 Freiburg
under: HRB 390485
Share capital: EUR 20,000,004.00
Dieter Herrenknecht Verwaltungs GmbH
Perlacher Str. 16
D 82031 Grünwald
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: 3.000 %
Registered on: 03.03.2011
Reg. data: 80333 München, HRB 190858
Shareholder:
Dr. Martin Herrenknecht Verwaltungs GmbH
Ritterstr. 61
D 77977 Rust
Legal form: Private limited company
Share capital: EUR 250,000.00
Share: 87.750 %
Registered on: 04.03.2002
Reg. data: 79098 Freiburg, HRB 391407
Agreement to transfer a portion of the
profit
Dr.-Ing. Martin Herrenknecht
Waldweg 9
D 77963 Schwanau
born: 24.06.1942
Profession: Mechanical engineer
Marital status: married
Dr.-Ing. Gebhard Lehmann
Schlittengasse 17
D 77933 Lahr
authorized to jointly represent the company
born: 03.11.1951
Profession: Engineer
Marital status: married
Member of the Board
of Directors:
Kurt Stiefel
Vogesenstr. 39
D 77963 Schwanau
authorized to jointly represent the company
born: 19.01.1956
Profession: Fully qualified management
expert
Marital status: married
Hans-jörg Vetter
D 77963 Schwanau
Marital status: unknown
Dieter Emil Herrenknecht
Allmannsweierer Hauptstr. 24
D 77963 Schwanau
born: 30.04.1940
Profession: Master saddler
Member of the Supervisory Board:
Dr. Roderich C. Thümmel
Urbanstr. 7
D 70182 Stuttgart
born: 23.10.1955
Profession: Solicitor
Marital status: unknown
Member of the Supervisory Board:
Dr. rer. pol. Michael Süß
D 82319 Starnberg
born: 25.12.1963
Profession: graduate engineer
Marital status: married
Member of the Supervisory Board:
Peter Teuscher
CH 3474 Muri bei Bern
born: 22.12.1943
Profession: graduate engineer
Nationality: Swiss
Member of the Supervisory Board:
Christian Holzherr
D 77963 Schwanau
Marital status: unknown
Representative of
the Employees within the Supervisory Board
Rainer Hammerschmidt
D 77743 Neuried
Representative of the Employees within the Supervisory Board:
Jürgen Roth
Großriedgasse 14
D 77743 Neuried
Marital status: unknown
Representative of the Employees within the Supervisory Board:
Thomas Tag
D 77948 Friesenheim
Marital status: unknown
Representative of the Employees within the Supervisory Board:
Eva-Maria Bauer
Ringsheimer Str. 1
D 77955 Ettenheim
Representative of the Employees within the Supervisory Board:
Hartmut Kaiser
D 77963 Schwanau
Representative of the Employees within the Supervisory Board:
Dirk Wilhelm
D 77948 Friesenheim
Werner Julius Glatz
Waldstr. 21
D 77972 Mahlberg
authorized to jointly represent the company
Profession: graduate engineer
Marital status: married
Proxy:
Josef Gruseck
Schuhmacherstr. 8
D 77963 Schwanau
authorized to jointly represent the company
Marital status: married
Proxy:
Raimund Schäfer
D 77743 Neuried
authorized to jointly represent the company
born: 23.08.1967
Proxy:
Günter Richter
D 77971 Kippenheim
authorized to jointly represent the company
born: 10.06.1960
Proxy:
Michael Fehrenbach
D 77933 Lahr
authorized to jointly represent the company
born: 10.06.1961
Proxy:
Ulrich Schaffhauser
D 77948 Friesenheim
authorized to jointly represent the company
born: 04.01.1964
Proxy:
Uwe Breig
D 79364 Malterdingen
authorized to jointly represent the company
born: 11.08.1966
Proxy:
Olaf Strick
D 54675 Lahr
authorized to jointly represent the company
born: 11.03.1967
Proxy:
Reinhard Fesenmeyer
D 77955 Ettenheim
authorized to jointly represent the company
born: 04.01.1971
Proxy:
Achim Kühn
D 77966 Kappel-Grafenhausen
authorized to jointly represent the company
born: 11.01.1962
Proxy:
Stephan Lehmann
D 01067 Dresden
authorized to jointly represent the company
born: 18.10.1978
Further functions/participations of Dr.-Ing.
Martin Herrenknecht
(President of the
Board of Directors)
General partner:
Martin Herrenknecht und Joanita Herrenknecht
GdbR
Waldweg 9
D 77963 Schwanau
Legal form: Partnership under the Civil Code
Shareholder:
Dr. Martin Herrenknecht Verwaltungs GmbH
Ritterstr. 61
D 77977 Rust
Legal form: Private limited company
Share capital: EUR 250,000.00
Share: EUR 250,000.00
Registered
on: 04.03.2002
Reg. data: 79098 Freiburg, HRB 391407
Manager:
Dr. Martin Herrenknecht Verwaltungs GmbH
Ritterstr. 61
D 77977 Rust
Legal form: Private limited company
Share capital: EUR 250,000.00
Registered
on: 04.03.2002
Reg. data: 79098 Freiburg, HRB 391407
Practising person:
Martin Herrenknecht
Schlehenweg 2
D 77963 Schwanau
Legal form: Independent profession
Member of the Supervisory Board:
Flughafen Lahr Beteiligungen GmbH
Fritz-Rinderspacher-Str. 9
D 77933 Lahr
Legal form: Private limited company
Share capital: EUR 3,193,017.80
Registered
on: 29.01.1999
Reg. data: 79098 Freiburg, HRB 391260
Proxy:
Herrenknecht Aviation GmbH
Schlehenweg 2
D 77963 Schwanau
Legal form: Private limited company
Share capital: EUR 162,000.00
Registered
on: 14.08.2007
Reg. data: 79098 Freiburg, HRB 701473
27.01.1978 - 22.12.1998 Herrenknecht GmbH
Schlehenweg 2
D 77963 Schwanau
Private limited company
RESIGNED ACTING
PERSONS AND SHAREHOLDERS
19.07.2011 - 14.06.2013 Member of the Supervisory Board
Hans-Jörg Vetter
D 61476 Kronberg
28.03.2007 - 14.06.2013 President of the Supervisory Board
Prof. Dr. h.c. Lothar Späth
D 70839 Gerlingen
27.07.2009 - 25.05.2011 Member of the Supervisory Board
Briana Herrenknecht
D 77963 Schwanau
27.07.2009 - 25.05.2011 Member of the Supervisory Board
Martin - Devid Herrenknecht
D 77963 Schwanau
28.03.2007 - 25.05.2011 Vice-president of the Supervisory Board
Werner Schmidt
D 70806 Kornwestheim
28.03.2007 - 25.05.2011 Member of the Supervisory Board
Prof. Dr. Rolf Schütze
D 71554 Weissach
09.01.2007 - 25.05.2011 Member of the Supervisory Board
Reinhold Schreiner
D 73776 Altbach
02.02.1999 - 25.05.2011 Member of the Supervisory Board
Prof. Rüdiger Wendt
D 73269 Hochdorf
Sectors
28990 Manufacture of other special-purpose machinery n.e.c.
46141 Agents involved in the sale of machines (except
agricultural machineryand office machinery) and industrial
supplies n.e.c.
4669 Wholesale of other machinery, equipment and supplies
82999 Other business support service activities n. e. c.
Branch:
HERRENKNECHT AKTIENGESELLSCHAFT
Hofmühlenstr. 5-15
D 01187 Dresden
TEL.: 0351/42340
FAX.: 0351/4234103
Shareholder:
Herrenknecht Formwork Technology GmbH
Schlehenweg 2
D 77963 Schwanau
Legal form: Private limited company
Company Status: active
Share capital: EUR 2,000,000.00
Share: EUR 2,000,000.00
Reg. data: 26.04.2007
Local court 79098 Freiburg
HRB 701064
Shareholder:
Bohrtec Vertical GmbH
Im Heidenwinkel 7
D 77963 Schwanau
Legal form: Private limited company
Company Status: active
Share capital: EUR 600,000.00
Share: EUR 600,000.00
Reg. data: 26.05.2008
Local court 79098 Freiburg
HRB 702379
Shareholder:
Herrenknecht Vertical GmbH
Im Heidenwinkel 5
D 77963 Schwanau
Legal form: Private limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 500,000.00
Reg. data: 04.05.2005
Local court 79098 Freiburg
HRB 391547
Shareholder:
Bohrtec Gesellschaft für Bohrtechnologie mbH
Konrad-Zuse-Str. 24
D 52477 Alsdorf
Legal form: Private limited company
Company Status: active
Share capital: EUR 205,050.00
Share: EUR 76,050.00
Reg. data: 12.01.1987
Local court 52070 Aachen
HRB 3524
Shareholder:
H + E Logistik GmbH
Josef-Baumann-Str. 18
D 44805 Bochum
Legal form: Private limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 75,000.00
Reg. data: 12.01.2000
Local court 44787 Bochum
HRB 6618
Shareholder:
VMT GmbH Gesellschaft für Vermessungstechnik
Stegwiesenstr. 24
D 76646 Bruchsal
Legal form: Private limited company
Company Status: active
Share capital: EUR 51,129.19
Share: EUR 26,587.18
Reg. data: 23.06.1994
Local court 68159 Mannheim
HRB 231601
Shareholder:
Schäfer & Urbach GmbH
Kaiserswerther Str. 74
D 40878 Ratingen
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 18,500.00
Reg. data: 09.02.2011
Local court 79098 Freiburg
HRB 706442
Shareholder:
ANAKON GmbH
Humboldtstr. 25a
D 76131 Karlsruhe
Legal form: Private limited company
Company Status: active
Share capital: EUR 39,000.00
Share: EUR 13,000.00
Reg. data: 05.02.1992
Local court 68159 Mannheim
HRB 106019
Shareholder:
Initiative Technik ist Zukunft gemeinnützige
GmbH
Herriotstr. 1
D 60528 Frankfurt
Legal form: Private limited company
Company Status: in liquidation
since: 11.04.2012
Share capital: EUR 33,500.00
Share: EUR 2,000.00
Reg. data: 26.08.2008
Local court 60313 Frankfurt
HRB 83775
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 Schlehenweg 2
D 77963 Schwanau
Type of ownership: Tenant
Address Hofmühlenstr. 5-15
D 01187 Dresden
Real Estate of: Dr.-Ing. Martin Herrenknecht
Type of ownership: proprietor
Share: 100.00 %
Address Waldweg 9
D 77963 Schwanau
Type of real estate: residential and business location
Value at selling price: EUR 511,000.00
Land register documents were not available.
COMMERZBANK, LAHR, SCHWARZWALD
Sort. code: 68040007, BIC: COBADEFF680
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, LAHR, SCHWARZWALD
Sort. code: 68270024, BIC: DEUTDEDB682
VOLKSBANK LAHR, LAHR, SCHWARZWALD
Sort. code: 68290000, BIC: GENODE61LAH
LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK,
STUTTGART
Sort. code: 60050101, BIC: SOLADEST600
HSBC TRINKAUS & BURKHARDT, DÜSSELDORF
Sort. code: 30030880, BIC: TUBDDEDDXXX
Turnover: 2011 EUR 822,237,000.00
2012 EUR 731,664,711.00
Expected
turnover: EUR 750,000,000.00
Profit: 2011 EUR 27,798,000.00
2012 EUR 23,138,723.00
further business
figures:
Equipment: EUR 8,859,000.00
Ac/ts
receivable:
EUR 313,896,000.00
Liabilities: EUR 377,107,000.00
Employees: 2,214
- thereof permanent
staff:
2,031
- Trainees:
183
Agreement to transfer a portion of the profit to:
Dr. Martin Herrenknecht Verwaltungs GmbH
Ritterstr. 61
D 77977 Rust
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio
[%]: 25.53
Liquidity
ratio: 0.84
Return on total
capital [%]: 4.35
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 28.71
Liquidity
ratio: 0.67
Return on total
capital [%]: 6.30
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 22.77
Liquidity
ratio: 0.63
Return on total
capital [%]: 5.92
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 17.34
Liquidity
ratio: 0.71
Return on total
capital [%]: 2.98
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 639,456,000.00
Fixed assets EUR 191,191,000.00
Intangible assets EUR 2,744,000.00
Concessions, licences,
rights EUR 2,257,000.00
Advance payments for
intang. assets EUR 487,000.00
Tangible assets EUR 147,397,000.00
Land / similar
rights EUR 72,878,000.00
Plant / machinery EUR 14,700,000.00
Other tangible assets /
fixtures and
fittings EUR 8,859,000.00
Advance payments made /
construction
in progress EUR 11,422,000.00
Other / unspecified
tangible assets EUR 39,538,000.00
Financial assets EUR 41,050,000.00
Shares in
participations /
subsidiaries and the
like EUR 34,317,000.00
Shares in related
companies EUR 28,332,000.00
Shares in investee
companies EUR 5,985,000.00
Loans to participations
/
subsidiaries and the
like EUR 3,733,000.00
Loans to related
companies EUR 3,733,000.00
Securities included in
fixed assets EUR 3,000,000.00
Current assets EUR 445,911,000.00
Stocks EUR 128,370,000.00
Raw materials,
consumables and
supplies EUR 118,596,000.00
Finished goods / work in
progress EUR 171,628,000.00
Advance payments
made EUR 14,696,000.00
Minus received advance
payments for
orders / installments
for stocks EUR -176,550,000.00
Accounts receivable EUR 313,896,000.00
Trade debtors EUR 132,365,000.00
Amounts due from
related companies EUR 160,100,000.00
Amounts due from
investee companies EUR 3,218,000.00
Other debtors and
assets EUR
18,213,000.00
Liquid means EUR 3,645,000.00
Remaining other
assets EUR 2,354,000.00
Accruals (assets) EUR 2,354,000.00
LIABILITIES
EUR 639,456,000.00
Shareholders' equity EUR 162,700,000.00
Capital EUR 18,969,000.00
Subscribed capital
(share capital) EUR 20,000,000.00
thereof not yet
paid-up capital EUR 1,031,000.00
thereof uncalled
outstanding
contributions EUR 1,031,000.00
Reserves EUR 95,041,000.00
Capital reserves EUR 14,017,000.00
Retained earnings /
revenue reserves EUR
81,024,000.00
Third party shares
(+/-) EUR 4,580,000.00
Balance sheet
profit/loss (+/-) EUR 44,110,000.00
Balance sheet profit /
loss EUR
44,110,000.00
Items between
shareholders' equity and
debt capital EUR 1,135,000.00
Special items with
reserve funds EUR 1,135,000.00
Provisions EUR 97,786,000.00
Pension provisions and
comparable
provisions EUR 1,116,000.00
Provisions for
taxes EUR 4,000.00
Other / unspecified
provisions EUR 96,666,000.00
Liabilities EUR 377,107,000.00
Financial debts EUR 122,446,000.00
Liabilities due to
banks EUR 122,446,000.00
Other liabilities EUR 254,661,000.00
Trade creditors (for
IAS incl. bills
of exchange) EUR 97,454,000.00
Liabililties due to
related companiesEUR
58,593,000.00
Liabilities due to
investee companiesEUR
903,000.00
Unspecified other
liabilities EUR 97,711,000.00
thereof liabilities
from tax /
financial
authorities EUR 2,993,000.00
thereof liabilities
from social
security EUR 582,000.00
Other liabilities EUR 728,000.00
Deferrals
(liabilities) EUR 728,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 822,237,000.00
Inventory change + own
costs (+/-) EUR -15,032,000.00
Inventory change
(+/-) EUR -32,867,000.00
Capitalised own
costs EUR 17,835,000.00
Other operating
income EUR 25,304,000.00
Cost of materials EUR 518,428,000.00
Raw materials and
supplies, purchased
goods EUR 411,236,000.00
Purchased services EUR 107,192,000.00
Gross result (+/-) EUR 314,081,000.00
Staff expenses EUR 123,992,000.00
Wages and salaries EUR 105,286,000.00
Social security
contributions and
expenses for pension
plans and
benefits EUR 18,706,000.00
Total depreciation EUR 27,776,000.00
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 27,776,000.00
Other operating
expenses EUR 101,489,000.00
Operating result from
continuing
operations EUR 60,824,000.00
Result from participating
interests
(+/-) EUR -6,958,000.00
Expenses / income from
participations EUR 5,184,000.00
Income from related
companies EUR 5,184,000.00
Expenses for
participations EUR 12,142,000.00
Expenses for other
participations EUR 12,142,000.00
Interest result
(+/-) EUR -12,021,000.00
Interest and similar
income EUR 4,098,000.00
thereof from related
companies EUR 2,213,000.00
Interest and similar
expenses EUR 16,119,000.00
thereof paid to related
companies EUR 1,266,000.00
Other financial
result EUR -397,000.00
Income from securities
and loans from
financial assets EUR 154,000.00
thereof related
companies EUR 144,000.00
Other financial
expenses EUR 551,000.00
Financial result
(+/-) EUR -19,376,000.00
Result from ordinary
operations (+/-) EUR 41,448,000.00
Income tax / refund of
income tax (+/-)EUR -13,486,000.00
Other taxes / refund of
taxes EUR -164,000.00
Tax (+/-) EUR -13,650,000.00
Annual surplus / annual
deficit EUR 27,798,000.00
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2010 - 31.12.2010
ASSETS EUR 499,537,000.00
Fixed assets EUR 198,412,000.00
Intangible assets EUR 2,187,000.00
Concessions, licences,
rights EUR 2,151,000.00
Advance payments for
intang. assets EUR 36,000.00
Tangible assets EUR 160,917,000.00
Land / similar
rights EUR 73,691,000.00
Plant / machinery EUR 63,360,000.00
Other tangible assets /
fixtures and
fittings EUR 9,953,000.00
Advance payments made /
construction
in progress EUR 13,913,000.00
Financial assets EUR 35,308,000.00
Shares in
participations /
subsidiaries and the
like EUR 28,332,000.00
Shares in related
companies EUR 27,342,000.00
Shares in investee
companies EUR 990,000.00
Loans to participations
/
subsidiaries and the
like EUR 5,976,000.00
Loans to related
companies EUR 5,666,000.00
Loans to investee
companies EUR 310,000.00
Securities included in
fixed assets EUR 1,000,000.00
Current assets EUR 298,863,000.00
Stocks EUR 131,344,000.00
Raw materials,
consumables and
supplies EUR 99,461,000.00
Finished goods / work
in progress EUR 204,494,000.00
Advance payments
made EUR 15,104,000.00
Minus received advance
payments for
orders / installments
for stocks EUR -187,715,000.00
Accounts receivable EUR 165,922,000.00
Trade debtors EUR 62,738,000.00
Amounts due from
related companies EUR 82,793,000.00
Amounts due from
investee companies EUR 2,753,000.00
Other debtors and
assets EUR 17,638,000.00
Liquid means EUR 1,597,000.00
Remaining other
assets EUR 2,262,000.00
Accruals (assets) EUR 2,262,000.00
LIABILITIES EUR 499,537,000.00
Shareholders' equity EUR 143,543,000.00
Capital EUR 18,951,000.00
Subscribed capital
(share capital) EUR 18,951,000.00
Reserves EUR 74,819,000.00
Capital reserves EUR 13,876,000.00
Retained earnings /
revenue reserves EUR
60,943,000.00
Balance sheet
profit/loss (+/-) EUR 43,893,000.00
Balance sheet profit /
loss EUR 43,893,000.00
Other shareholders'
equity (+/-) EUR 5,880,000.00
Other / unspecified
part of the
shareholders'
equity EUR 5,880,000.00
Items between
shareholders' equity and
debt capital EUR 4,874,000.00
Special items with
reserve funds EUR 1,294,000.00
Mezzanine financing EUR 3,580,000.00
Contributions of silent
partners EUR 3,580,000.00
Provisions EUR 100,170,000.00
Pension provisions and
comparable
provisions EUR 1,143,000.00
Provisions for
taxes EUR 6,655,000.00
Other / unspecified
provisions EUR 92,372,000.00
Liabilities EUR 250,476,000.00
Financial debts EUR 64,748,000.00
Liabilities due to
banks EUR 64,748,000.00
Other liabilities EUR 185,728,000.00
Trade creditors (for
IAS incl. bills
of exchange) EUR 57,567,000.00
Liabililties due to
related companiesEUR
35,514,000.00
Liabilities due to
investee companiesEUR
571,000.00
Unspecified other
liabilities EUR 92,076,000.00
thereof liabilities
from tax /
financial
authorities EUR 3,878,000.00
thereof liabilities
from social
security EUR 496,000.00
Other liabilities EUR 474,000.00
Deferrals
(liabilities) EUR 474,000.00
Guarantees and other
commitments EUR 140,430,000.00
Letters of support EUR 87,435,000.00
Other guarantees and
other commitmentsEUR
52,995,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 668,955,000.00
Inventory change + own
costs (+/-) EUR 16,151,000.00
Inventory change
(+/-) EUR -30,916,000.00
Capitalised own
costs EUR 47,067,000.00
Other operating
income EUR 32,910,000.00
Cost of materials EUR 408,207,000.00
Raw materials and
supplies, purchased
goods EUR 328,536,000.00
Purchased services EUR 79,671,000.00
Gross result (+/-) EUR 309,809,000.00
Staff expenses EUR 115,839,000.00
Wages and salaries EUR 97,906,000.00
Social security
contributions and
expenses for pension
plans and
benefits EUR 17,933,000.00
Total depreciation EUR 24,254,000.00
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 24,254,000.00
Other operating
expenses EUR 94,340,000.00
Operating result from
continuing
operations EUR 75,376,000.00
Result from participating
interests
(+/-) EUR -13,717,000.00
Expenses / income from
participations EUR 16,149,000.00
Income from related
companies EUR 16,149,000.00
Expenses for
participations EUR 29,866,000.00
Expenses for other participations EUR
29,866,000.00
Interest result
(+/-) EUR -13,777,000.00
Interest and similar
income EUR 2,141,000.00
thereof from related
companies EUR 302,000.00
Interest and similar
expenses EUR 15,918,000.00
thereof paid to related
companies EUR 18,000.00
Other financial
result EUR -473,000.00
Income from securities
and loans from
financial assets EUR 78,000.00
thereof related
companies EUR 68,000.00
Other financial
expenses EUR 551,000.00
Financial result
(+/-) EUR -27,967,000.00
Result from ordinary operations
(+/-) EUR 47,409,000.00
Extraordinary income EUR 76,000.00
Extraordinary
expenses EUR 228,000.00
Extraordinary result
(+/-) EUR -152,000.00
Income tax / refund of
income tax (+/-)EUR -15,717,000.00
Other taxes / refund of
taxes EUR -291,000.00
Tax (+/-) EUR -16,008,000.00
Annual surplus / annual
deficit EUR 31,249,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.91 |
|
UK Pound |
1 |
Rs.90.68 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.