MIRA INFORM REPORT

 

 

Report Date :

22.03.2013

 

IDENTIFICATION DETAILS

 

Name :

OERLIKON TEXTILE GMBH & CO. KG

 

 

Registered Office :

Leverkuser Str. 65 D 42897 Remscheid

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

1903

 

 

Com. Reg. No.:

HRA 22506

 

 

Legal Form :

Ltd partnership w.foreign priv.ltd.comp. as General Partner

 

 

Line of Business :

Wholesale of machinery for the textile industry and of sewing and knitting machines

 

 

No. of Employees :

2,771

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

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 and address

 

 OERLIKON TEXTILE GMBH & CO. KG

 

 Company Status:         active

                                    Leverkuser Str. 65

                                    D 42897 Remscheid

                                    Telephone:02191/67-0

                                    Telefax:  02191/6712-04

                                    Homepage: www.barmag.oerlikontextile.com

                                     E-mail:   info.barmag@oerlikon.com

 

 Trade name:                 Oerlikon Barmag, Oerlikon Neumag, Oerlikon Saurer, Oerlikon Schlafhorst

 

 

CONCLUSION

 

We cannot give an opinion as to the granting of a credit in this particular case. Business relations are permissible.

 

 LEGAL FORM               Ltd partnership w.foreign priv.ltd.comp. as General Partner

 Date of foundation:      1903

 Registered on:             21.04.2008

 Register of

 companies:                  Local court 42103 Wuppertal

 under:                          HRA 22506

 

 Total cap. contribution:              EUR         41,000,000.00

 

 Limited partner:

                      W. Reiners Verwaltungs-GmbH

                      Leverkuser Str. 65

                      D 42897 Remscheid

                      Legal form: Private limited company

                      Share capital:     EUR         38,346,891.09

                      Share:             EUR         41,000,000.00

                      Registered on: 03.03.2008

                      Reg. data: 42103 Wuppertal, HRB 20973

 General partner:

                      OT Textile Verwaltungs GmbH

                      CH  Arbon

                      Legal form: Other legal form

 Proxy:

                      Wolfram Flatow

                      D 47877 Willich

                      born: 27.05.1955

                      Profession: Fully qualified merchant

 Proxy:

                      Andreas Gathen

                      Vorster Str. 11

                      D 47918 Tönisvorst

                      authorized to jointly represent the company

                      born: 13.06.1964

                      Marital status: married

 Proxy:

                      Gerd Pöhlmann

                      An der Alten Burg 19

                      D 47839 Krefeld

                      authorized to jointly represent the company

                      born: 11.10.1963

 Proxy:

                      Dorothee Benz

                      Stockhauser Str. 40

                      D 42929 Wermelskirchen

                      authorized to jointly represent the company

                      born: 20.08.1960

                      Profession: Businessman

                      Marital status: married

 Proxy:

                      Andreas Müller

                      D 42853 Remscheid

                      authorized to jointly represent the company

                      born: 18.02.1959

 Proxy:

                      Markus Beckmann

                      D 47798 Krefeld

                      authorized to jointly represent the company

                      born: 11.12.1965

 Proxy:

                      Ruth Plettscher

                      D 41236 Mönchengladbach

                      born: 27.06.1960

 Proxy:

                      Ralf Pascher-Roik

                      Teichstr. 9

                      D 52074 Aachen

                      authorized to jointly represent the company

                      born: 23.04.1959

 Proxy:

                      Ralf Knecht

                      Goethestr. 17a

                      D 41061 Mönchengladbach

                      authorized to jointly represent the company

                      born: 13.10.1969

 Proxy:

                      Karl Josef Höhne

                      D 41844 Wegberg

                      born: 10.10.1960

                      Profession: Fully qualified economic

                      engineer

 Proxy:

                      Andreas Riedel

                      D 41836 Hückelhoven

                      authorized to jointly represent the company

                      born: 01.04.1964

 Proxy:

                      Matthias Schemken

                      D 24534 Neumünster

                      authorized to jointly represent the company

                      born: 05.08.1963

 Proxy:

                      Karl-Heinz Sandholzer

                      Obere Hauptstr. 16

                      D 87782 Unteregg

                      authorized to jointly represent the company

                      born: 12.10.1959 in Ronsberg

 Proxy:

                      Jürgen Meyer

                      D 52062 Aachen

                      authorized to jointly represent the company

                      born: 16.09.1960

 Proxy:

                      Jörg Spahlinger

                      D 97723 Oberthulba

                      authorized to jointly represent the company

                      born: 11.01.1959

 Proxy:

                      Uwe Model

                      D 42853 Remscheid

                      authorized to jointly represent the company

                      born: 18.05.1975

 Proxy:

                      Dirk Schmitz

                      Blumenstr. 18

                      D 47918 Tönisvorst

                      authorized to jointly represent the company

                      born: 05.07.1972

 Proxy:

                      Timo Lüdorff

                      Elberfelder Str. 149

                      D 42477 Radevormwald

                      authorized to jointly represent the company

                      born: 27.05.1975

 Proxy:

                      Knut Jensen

                      D 24601 Belau

                      authorized to jointly represent the company

                      born: 06.06.1972

 Proxy:

                      Rainer Straub

                      D 24534 Neumünster

                      authorized to jointly represent the company

                      born: 19.12.1962

 Proxy:

                      Dipl.-Betriebswirt Bruno Konkel

                      D 41836 Hückelhoven

                      authorized to jointly represent the company

                      born: 07.04.1953

 Proxy:

                      Dipl.-Ing. Johann Guggemos

                      D 87466 Oy-Mittelberg

                      authorized to jointly represent the company

                      born: 08.04.1956

 Proxy:

                      Matthias Pilz

                      D 20095 Hamburg

                      authorized to jointly represent the company

                      born: 06.05.1972

 Proxy:

                      Peter Mann

                      D 73095 Albershausen

                      authorized to jointly represent the company

                      born: 06.03.1960

 Proxy:

                      Karl-Heinz Mack

                      D 73235 Weilheim

                      authorized to jointly represent the company

                      born: 26.05.1959

 Proxy:

                      Dipl.-Ing. Markus Wurster

                      D 41844 Wegberg

                      authorized to jointly represent the company

                      born: 04.02.1963

 Proxy:

                      Angelo Bonacci

                      D 47877 Willich

                      authorized to jointly represent the company

                      born: 02.01.1950

 Proxy:

                      Dr. Gerhard Sonder

                      D 73033 Göppingen

                      authorized to jointly represent the company

                      born: 19.07.1952

 Proxy:

                      Jürgen Schnitzler

                      D 41061 Mönchengladbach

                      authorized to jointly represent the company

                      born: 31.08.1966

 Proxy:

                      Maximilian Preutenborbeck

                      D 41061 Mönchengladbach

                      authorized to jointly represent the company

                      born: 10.06.1957

 Proxy:

                      Michael Iding

                      D 47623 Kevelaer

                      authorized to jointly represent the company

                      born: 22.07.1961

 Proxy:

                      Tilmann Ekkehard Seidel

                      D 24589 Schülp

                      authorized to jointly represent the company

                      born: 23.12.1966

 Proxy:

                      Peter Steinke

                      D 53547 Leubsdorf

                      authorized to jointly represent the company

                      born: 01.05.1966

 Proxy:

                      Frank Schoenrath

                      D 44787 Bochum

                      authorized to jointly represent the company

                      born: 04.10.1967

 Proxy:

                      Peter Morgalla

                      D 51491 Overath

                      authorized to jointly represent the company

                      born: 01.01.1960

 Proxy:

                      Michael Naumann

                      D 24534 Neumünster

                      authorized to jointly represent the company

                      born: 24.02.1967

 Proxy:

                      Thomas Arter

                      D 41366 Schwalmtal

                      authorized to jointly represent the company

                      born: 29.10.1969

 Proxy:

                      Guido Andre Uhle

                      D 51427 Bergisch Gladbach

                      authorized to jointly represent the company

                      born: 01.07.1963

 

 

COMPANY HISTORY

 

 31.08.1944 - 31.07.2003  W. Schlafhorst AG & Co.

                          Blumenberger Str. 143-145

                          D 41061 Mönchengladbach

                          Limited partnership with public limited

                          company as gen. part

 31.07.2003 - 09.04.2008  Saurer GmbH & Co. KG

                          Landgrafenstr. 45

                          D 41069 Mönchengladbach

                          Ltd partnership with priv. ltd. company

                          as general partner

 09.04.2008 - 21.04.2008  Oerlikon Textile GmbH & Co. KG

                          Landgrafenstr. 45

                          D 41069 Mönchengladbach

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46640   Wholesale of machinery for the textile industry and of sewing and knitting machines

8299    Other business support service activities n. e. c.

 

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Oerlikon Textile GmbH & Co. KG

                      Christianstr. 168-170

                      D 24536 Neumünster

                      TEL.: 04321/305-0

                      Reg. entry: 21.04.2008

 Branch:

                      Oerlikon Textile GmbH & Co. KG

                      Hans-Zinser-Str. 1-3

                      D 73061 Ebersbach

                      TEL.: 07163/140

                      FAX.: 07163/14892

                      Reg. entry: 21.04.2008

 Branch:

                      Oerlikon Textile GmbH & Co. KG

                      Weeserweg 60

                      D 47804 Krefeld

                      TEL.: 02151/717-01

                      FAX.: 02151/717-474

                      Reg. entry: 21.04.2008

 Branch:

                      Oerlikon Textile GmbH & Co. KG

                      Blumenberger Str. 143-145

                      D 41061 Mönchengladbach

                      TEL.: 02161/28-0

                      Reg. entry: 21.04.2008

 Branch:

                      Oerlikon Textile GmbH & Co. KG

                      Zwickauer Str. 247

                      D 09116 Chemnitz

                      TEL.: 0371/23880

                      FAX.: 0371/2388349

                      Reg. entry: 21.04.2008

 Branch:

                      Oerlikon Textile GmbH & Co. KG

                      Leonhardstr. 19

                      D 87437 Kempten

                      Reg. entry: 02.12.2009

 Branch:

                      Oerlikon Textile GmbH & Co. KG

                      Carlstr. 60

                      D 52531 Übach-Palenberg

                      TEL.: 02451/9051000

                      FAX.: 02451/9051001

 

 

 PARTICIPATIONS

 Shareholder:

                      KAS Management Services GmbH

                      Leverkuser Str. 65

                      D 42897 Remscheid

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            511,291.88

                      Share:             EUR            511,291.88

                      Reg. data:  23.03.2000

                                  Local court 42103 Wuppertal

                                  HRB 12149

 Shareholder:

                      Oerlikon Textile Components GmbH

                      Maria-Merian-Str. 8

                      D 70736 Fellbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,400.00

                      Share:             EUR             51,400.00

                      Reg. data:  26.01.2007

                                  Local court 70190 Stuttgart

                                  HRB 722008

 Shareholder:

                      Prime Machinery GmbH

                      D 41061 Mönchengladbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,129.19

                      Share:             EUR             51,129.19

                      Reg. data:  30.05.1994

                                  Local court 41061

                                  Mönchengladbach

                                  HRB 4819

 Shareholder:

                      Afamre GmbH

                      Zwickauer Str. 247

                      D 09116 Chemnitz

                      Legal form: Private limited company

                      Company Status: dissolved

                      since:          01.09.2008

                      Share capital:     EUR             50,000.00

                      Share:             EUR             50,000.00

                      Reg. data:  06.04.1993

                                  Local court 09112 Chemnitz

                                  HRB 7741

 Shareholder:

                      S & C Kasino GmbH Kantinenbetriebe und

                      Party-Service -aufgelöst-

                      Blumenberger Str. 143-145

                      D 41061 Mönchengladbach

                      Legal form: Private limited company

                      Company Status: in liquidation

                      since:          12.02.2001

                      Share capital:     EUR             51,129.19

                      Share:             EUR             26,075.89

                      Reg. data:  25.05.1993

                                  Local court 41061

                                  Mönchengladbach

                                  HRB 4585

 Shareholder:

                      Schlafhorst CUSTOMER SUPPORT GmbH

                      Blumenberger Str. 143-145

                      D 41061 Mönchengladbach

                      Legal form: Private limited company

                      Company Status: dissolved

                      since:          22.10.2003

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  05.12.1997

                                  Local court 41061

                                  Mönchengladbach

                                  HRB 5719

 Shareholder:

                      Afetau GmbH

                      Leverkuser Str. 65

                      D 42897 Remscheid

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  25.11.2011

                                  Local court 42103 Wuppertal

                                  HRB 23882

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:   We have no negative information at hand.

 

 Balance sheet year:      2011

 

 

REAL ESTATE

 

 Type of ownership:        proprietor

 Address                       Blumenberger Str. 143-145

                                    D 41061 Mönchengladbach

 

 Type of ownership:       Tenant

 Address                       Leverkuser Str. 65

                                     D 42897 Remscheid

 

 Land register documents were not available.

 

 

 BANKERS

 

 COMMERZBANK, MÖNCHENGLADBACH

 Sort. code: 31040015, BIC: COBADEFF310

 DEUTSCHE BANK, MÖNCHENGLADBACH

 Sort. code: 31070001, BIC: DEUTDEDD310

 UNICREDIT BANK - HYPOVEREINSBANK, DÜSSELDORF

 Sort. code: 30220190, BIC: HYVEDEMM414

 BUNDESBANK EH MÖNCHENGLADBACH, DÜSSELDORF

 Sort. code: 31000000, BIC: MARKDEF1310

 HSBC TRINKAUS & BURKHARDT, DÜSSELDORF

 Sort. code: 30030880, BIC: TUBDDEDDXXX

 

 

 FINANCIAL FIGURES

 

 Turnover:                     2011                 EUR      1,153,391,554.00

 Profit:                                      2011                 EUR         97,015,210.00

 Equipment:                                                      EUR         34,505,920.00

 Ac/ts receivable:                                              EUR        285,741,608.00

 Liabilities:                                            EUR        395,507,432.00

 Employees:                                                                 2,771

 - thereof permanent staff:                                                          2,640

 - Trainees:                                                                    131

 

 

 BALANCE SHEETS

 

 Balance sheet ratios                 01.01.2011 - 31.12.2011

 Equity ratio [%]:                       40.21

 Liquidity ratio:                          1.25

 Return on total capital [%]:        12.38

 

 Balance sheet ratios                 01.01.2010 - 31.12.2010

 Equity ratio [%]:                        30.44

 Liquidity ratio:                          0.82

 Return on total capital [%]:         -5.13

 

 Balance sheet ratios                 01.01.2009 - 31.12.2009

 Equity ratio [%]:                       4.08

 Liquidity ratio:                          0.34

 Return on total capital [%]:        -25.72

 

 Balance sheet ratios                 01.01.2008 - 31.12.2008

 Equity ratio [%]:                        25.50

 Liquidity ratio:                          0.50

 Return on total capital [%]:        -13.10

 

 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        797,960,945.18

  Fixed assets                           EUR        440,472,168.51

   Intangible assets                     EUR          5,633,970.00

    Other / unspecified intangible assetsEUR          5,633,970.00

   Tangible assets                       EUR         34,505,919.86

    Other / unspecified tangible assets  EUR         34,505,919.86

   Financial assets                      EUR        400,332,278.65

    Other / unspecified financial assets EUR        400,332,278.65

  Current assets                         EUR        357,019,496.02

   Accounts receivable                   EUR        285,741,608.24

    Trade debtors                        EUR        133,390,641.31

    Amounts due from related companies   EUR        137,429,359.92

    Other debtors and assets             EUR         14,921,607.01

   Investments in current assets         EUR          1,812,405.03

   Liquid means                          EUR         69,465,482.75

  Remaining other assets                 EUR            469,280.65

   Accruals (assets)                     EUR            469,280.65

 

 LIABILITIES                             EUR        797,960,945.18

  Shareholders' equity                   EUR        225,500,673.33

   Capital                               EUR         41,000,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR         41,000,000.00

   Reserves                              EUR        184,500,673.33

    Capital reserves                     EUR        184,500,673.33

  Provisions                             EUR        176,952,840.28

   Pension provisions and comparable

   provisions                            EUR         83,041,508.80

   Other / unspecified provisions        EUR         93,911,331.48

  Liabilities                            EUR        395,507,431.57

   Financial debts                       EUR              5,242.24

    Liabilities due to banks             EUR              5,242.24

   Other liabilities                     EUR        395,502,189.33

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         89,858,183.32

    Liabilities from received advance

    payments                             EUR         50,553,949.96

    Liabililties due to related companiesEUR        239,416,978.90

    Unspecified other liabilities        EUR         15,673,077.15

  Guarantees and other commitments       EUR        541,779,862.00

   Other guarantees and other commitmentsEUR        541,779,862.00

 

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

 Code (HGB)

  Sales                                  EUR      1,153,391,554.03

  Inventory change + own costs (+/-)     EUR         23,504,112.58

   Inventory change (+/-)                EUR         23,330,652.37

   Capitalised own costs                 EUR            173,460.21

  Other operating income                 EUR         38,748,156.83

  Cost of materials                      EUR        786,133,436.79

  Gross result (+/-)                     EUR        429,510,386.65

  Staff expenses                         EUR        178,001,780.17

  Total depreciation                     EUR         12,012,063.46

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR         12,012,063.46

  Other operating expenses               EUR        168,777,349.39

  Operating result from continuing

  operations                             EUR         70,719,193.63

  Result from participating interests

  (+/-)                                  EUR         44,751,516.22

   Expenses / income from participations EUR         44,751,516.22

    Income from transfer of profits      EUR         38,709,771.69

    Income from related companies        EUR          6,041,744.53

  Interest result (+/-)                  EUR        -10,803,119.38

  Financial result (+/-)                 EUR         33,948,396.84

  Result from ordinary operations (+/-)  EUR        104,667,590.47

  Extraordinary expenses                 EUR          1,393,000.00

  Extraordinary result (+/-)             EUR         -1,393,000.00

  Income tax / refund of income tax (+/-)EUR         -6,176,577.27

  Other taxes / refund of taxes          EUR            -82,803.61

  Tax (+/-)                              EUR         -6,259,380.88

  Annual surplus / annual deficit        EUR         97,015,209.59

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR        729,600,341.38

  Fixed assets                           EUR        437,254,257.69

   Intangible assets                     EUR          7,461,337.00

    Other / unspecified intangible assetsEUR          7,461,337.00

   Tangible assets                       EUR         29,355,696.18

    Other / unspecified tangible assets  EUR         29,355,696.18

   Financial assets                      EUR        400,437,224.51

    Other / unspecified financial assets EUR        400,437,224.51

  Current assets                         EUR        292,010,934.03

   Accounts receivable                   EUR        253,144,893.66

    Trade debtors                        EUR        108,170,513.27

    Amounts due from related companies   EUR        131,101,017.41

    Other debtors and assets             EUR         13,873,362.98

   Investments in current assets         EUR          1,828,148.81

   Liquid means                          EUR         37,037,891.56

  Remaining other assets                 EUR            335,149.66

   Accruals (assets)                     EUR            335,149.66

 

 LIABILITIES                             EUR        729,600,341.38

  Shareholders' equity                   EUR        225,500,673.33

   Capital                               EUR         41,000,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR         41,000,000.00

   Reserves                              EUR        184,500,673.33

    Capital reserves                     EUR        184,500,673.33

  Provisions                             EUR        158,315,791.95

   Pension provisions and comparable

   provisions                            EUR         80,117,770.20

   Other / unspecified provisions        EUR         78,198,021.75

  Liabilities                            EUR        345,740,056.99

   Other liabilities                     EUR        345,740,056.99

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         82,215,726.44

    Liabilities from received advance

    payments                             EUR         17,179,956.72

    Liabililties due to related companiesEUR        225,626,850.12

    Unspecified other liabilities        EUR         20,717,523.71

  Other liabilities                      EUR             43,819.11

   Deferrals (liabilities)               EUR             43,819.11

 

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

 Code (HGB)

  Sales                                  EUR        745,132,120.40

  Inventory change + own costs (+/-)     EUR         50,541,097.46

   Inventory change (+/-)                EUR         49,932,366.15

   Capitalised own costs                 EUR            608,731.31

  Other operating income                 EUR         23,740,475.18

  Cost of materials                      EUR        534,187,520.25

  Gross result (+/-)                     EUR        285,226,172.79

  Staff expenses                         EUR        171,083,096.54

  Total depreciation                     EUR         14,885,844.11

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR         14,885,844.11

  Other operating expenses               EUR        125,063,319.85

  Operating result from continuing

  operations                             EUR        -25,806,087.71

  Result from participating interests

  (+/-)                                  EUR         13,202,159.66

   Expenses / income from participations EUR         14,806,542.13

    Income from transfer of profits      EUR          7,694,858.10

    Income from related companies        EUR          7,111,684.03

   Expenses for participations           EUR          1,604,382.47

    Expenses for other participations    EUR          1,604,382.47

  Interest result (+/-)                  EUR        -20,341,788.72

  Other financial result                 EUR         -3,437,779.55

   Depreciation on financial assets and

   marketable securities                 EUR          3,437,779.55

  Financial result (+/-)                 EUR        -10,577,408.61

  Result from ordinary operations (+/-)  EUR        -36,383,496.32

  Extraordinary expenses                 EUR          1,390,791.43

  Extraordinary result (+/-)             EUR         -1,390,791.43

  Income tax / refund of income tax (+/-)EUR           -645,841.12

  Other taxes / refund of taxes          EUR           -174,642.20

  Tax (+/-)                              EUR           -820,483.32

  Annual surplus / annual deficit        EUR        -38,594,771.07

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.28

UK Pound

1

Rs.82.65

Euro

1

Rs.70.22

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

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.