MIRA INFORM REPORT

 

 

Report Date :

22.03.2013

 

IDENTIFICATION DETAILS

 

Name :

ROCHE DIAGNOSTICS GMBH

 

 

Registered Office :

Sandhofer Str. 116, D 68305 Mannheim

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishments:

1859

 

 

Com. Reg. No.:

HRB 3962

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of pharmaceutical preparations

 

 

No. of Employees :

11,004

 

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 :

Good

 

 

Payment Behaviour :

Regular 

 

 

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

 

 


Important note

Your inquiry: Roche Diagnostics Gmbh werk Penzberg Wareneingang gW LLW, D 82377 Penzberg. The subject of your inquiry is a branch. We are reporting on the headquarters.

 

 

Company name & address 

 

Roche Diagnostics GmbH

 

Sandhofer Str. 116

D 68305 Mannheim

Telephone:        0621/7590

Telefax:            0621/7593229

Homepage:       www.roche.de

E-mail:              mannheim.allgemein@roche.com

 

Company Status:      active

 

 

VAT no

 

DE143840627

 

 

CONCLUSION

 

Business relations are permissible. The company is considered solvent for credits within its scope of business.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:       1859

Shareholders'

agreement:                     20.12.1871

Registered on:               05.01.1872

Commercial Register:    Local court 68159 Mannheim

under:                                       HRB 3962

Share capital:                 EUR         94,590,000.00

 

 

Shareholder

 

Roche Deutschland Holding GmbH

Emil-Barell-Str. 1

D 79639 Grenzach-Wyhlen

Legal form: Private limited company

Share capital:     EUR          5,112,918.81

Share:             EUR         94,590,000.00

Registered on: 18.12.1997

Reg. data: 79098 Freiburg, HRB 412761

 

 

Manager

 

Thomas Schmid

CH - Hofstetten

born: 03.07.1962

Nationality: Swiss

 

Manager:

                      Edgar Vieth

                      D 42929 Wermelskirchen

                      born: 12.05.1959

 

 

President of the Supervisory Board

 

Dr. Severin Schwan

D 68305 Mannheim

 

 

Vice-president of the Supervisory Board

 

Dr. Brigitte Bauhoff

D 68305 Mannheim

Profession: Pharmacist

 

 

Member of the Supervisory Board

 

Dr. Heinrich Focke

D 68305 Mannheim

 

Member of the Supervisory Board:

Prof. Dr. Bernd Gottschalk

D 68305 Mannheim

 

Member of the Supervisory Board:

Urs Lauffer

D 68305 Mannheim


Member of the Supervisory Board:

Gerhard Schäferkord

D 68305 Mannheim

Profession: Solicitor

 

Member of the Supervisory Board:

Dr. Gottlieb Keller

D 68305 Mannheim

 

Member of the Supervisory Board:

Prof. Dr. h.c. Horst Teltschik

D 68305 Mannheim

 

Member of the Supervisory Board:

Daniel O'Day

D 68159 Mannheim

Marital status: unknown

 

 

Representative of the Employees within the Supervisory Board

 

Wolfgang Katzmarek

Enzianstr. 22

D 68309 Mannheim

Profession: Businessman

Marital status: married

 

Representative of the Employees within the Supervisory Board:

Bernhard Empl

Wimm 1

D 84405 Dorfen

born: 19.11.1954

 

Representative of the Employees within the Supervisory Board:

Detlef Stutter

D 68159 Mannheim

 

Representative of the Employees within the Supervisory Board:

Matthias Reinbold

D 68305 Mannheim

Profession: Chemist

 

Representative of the Employees within the Supervisory Board:

Hansjörg Beckh

D 68159 Mannheim

Profession: Fully qualified chemist

Marital status: unknown


Representative of the Employees within the Supervisory Board:

Karl-Heinz Kleimeier

D 68159 Mannheim

Marital status: unknown

 

Representative of the Employees within the Supervisory Board:

Beate Nörenberg

D 68159 Mannheim

Profession: Chemical laboratory technician

Marital status: unknown

 

 

Proxy

 

Dr. Matthias-Axel Schweitzer

Gertrud-Bäumer-Str. 24

D 65189 Wiesbaden

authorized to jointly represent the company

born: 14.08.1963

Marital status: married

 

Proxy:

                      Dr. Gerd Maaß

                      Mitterweg 17

                      D 82404 Sindelsdorf

                      authorized to jointly represent the company

                      born: 27.10.1962

                      Profession: Clerk

                      Marital status: married

 Proxy:

                      Martin Meisiek

                      D 67098 Bad Dürkheim

                      born: 17.07.1957

 Proxy:

                      Annette Lehmann

                      D 60311 Frankfurt

                      authorized to jointly represent the company

                      born: 04.03.1966

 Proxy:

                      Dr. Thomas Baier

                      D 79540 Lörrach

                      born: 07.07.1959

 Proxy:

                      Beatus Ofenloch-Hähnle

                      D 84570 Polling

                      born: 05.12.1957

 Proxy:

                      Martin Haag

                      D 69469 Weinheim

                      authorized to jointly represent the company

                      born: 11.06.1964

 Proxy:

                      Dr. Birgit Irene Gering

                      D 68782 Brühl

                      born: 01.11.1958

 Proxy:

                      Dr. Hans-Peter Fritton

                      D 69509 Mörlenbach

                      born: 13.01.1955

 Proxy:

                      Alexander von Massow

                      D 67433 Neustadt

                      born: 25.11.1959

 Proxy:

                      Dr. med. Thomas Link

                      D 79639 Grenzach-Wyhlen

                      authorized to jointly represent the company

                      born: 19.02.1961

                      Marital status: unknown

 Proxy:

                      Martin Klett

                      D 68159 Mannheim

                      born: 20.11.1959

 Proxy:

                      Michael Thein

                      D 76835 Roschbach

                      born: 31.03.1959

 Proxy:

                      Claudia Böckstiegel

                      D 69115 Heidelberg

                      born: 04.05.1964

 Proxy:

                      Josef Burg

                      Merowingerstr. 5

                      D 82362 Weilheim

                      born: 18.03.1952

 Proxy:

                      Harald Haug

                      D 82380 Peißenberg

                      born: 18.09.1951

 Proxy:

                      Dr. Gerd Haberhausen

                      Kapellenwiese 35

                      D 82377 Penzberg

                      authorized to jointly represent the company

                      born: 23.11.1963

 Proxy:

                      Dr. Ralf Schumacher

                      Hochfeldstr. 37

                      D 82377 Penzberg

                      authorized to jointly represent the company

                      born: 12.02.1963

 Proxy:

                      Norbert Grimmer

                      D 67059 Ludwigshafen

                      authorized to jointly represent the company

                      born: 20.08.1955

 Proxy:

                      Dr. Ludwig Angermaier

                      D 83673 Bichl

                      authorized to jointly represent the company

                      born: 13.04.1951

 Proxy:

                      Dr. Matthias Schneck

                      D 69115 Heidelberg

                      authorized to jointly represent the company

                      born: 18.05.1966

 Proxy:

                      Hubert Marie Castermans

                      D 69469 Weinheim

                      authorized to jointly represent the company

                      born: 07.01.1967

 Proxy:

                      Günther Seling

                      D 69115 Heidelberg

                      authorized to jointly represent the company

                      born: 11.06.1963

 Proxy:

                      Dr. Alexander Burger

                      Dornatorbogen 12

                      D 82061 Neuried

                      authorized to jointly represent the company

                      born: 18.11.1963

 Proxy:

                      Klaus Geigle

                      D 74889 Sinsheim

                      authorized to jointly represent the company

                      born: 09.05.1960

 Proxy:

                      Dr. Ulrich Opitz

                      D 83661 Lenggries

                      authorized to jointly represent the company

                      born: 13.02.1959

 Proxy:

                      Dr. Mathias Neumann

                      Am Burgacker 28

                      D 69488 Birkenau

                      authorized to jointly represent the company

                      born: 13.09.1957

 Proxy:

                      Stefan Siebels

                      D 69469 Weinheim

                      authorized to jointly represent the company

                      born: 18.09.1961

 Proxy:

                      Dr. Robert Umminger

                      D 68305 Mannheim

                      authorized to jointly represent the company

                      born: 13.09.1948

 Proxy:

                      Adrian von Sigriz

                      D 55299 Nackenheim

                      authorized to jointly represent the company

                      born: 20.02.1958

 Proxy:

                      Dr. Edwin Sonnenschein

                      D 68535 Edingen-Neckarhausen

                      authorized to jointly represent the company

                      born: 10.06.1972

 Proxy:

                      Dr. Hans Gröger

                      CH  Bärschwil

                      authorized to jointly represent the company

                      born: 18.05.1967

 Proxy:

                      Dr. Ruedi Stoffel

                      D 82319 Starnberg

                      authorized to jointly represent the company

                      born: 20.04.1969

 Proxy:

                      Dr. Claus Wallerius

                      D 82404 Sindelsdorf

                      authorized to jointly represent the company

                      born: 18.07.1965

 Proxy:

                      Bettina Marcinkowski

                      D 80331 München

                      authorized to jointly represent the company

                      born: 27.06.1967

 Proxy:

                      Afsaneh Sahavi

                      D 68305 Mannheim

                      authorized to jointly represent the company

                      born: 29.03.1975

 Proxy:

                      Klaus Zimmermann

                      D 68305 Mannheim

                      authorized to jointly represent the company

                      born: 27.02.1965

 Proxy:

                      Elke Schüler

                      D 67547 Worms

                      authorized to jointly represent the company

                      born: 28.10.1962

 Proxy:

                      Henrik Schmidt

                      D 68305 Mannheim

                      authorized to jointly represent the company

                      born: 23.08.1966

 Proxy:

                      Wolfgang Troebs

                      CH  Zürich

                      authorized to jointly represent the company

                      born: 29.03.1973

                      Nationality: Swiss

 Proxy:

                      Dr. Anne Rudolphi

                      D 68535 Edingen-Neckarhausen

                      authorized to jointly represent the company

                      born: 18.06.1968

 Proxy:

                      Monika Eifert

                      D 82266 Inning

                      authorized to jointly represent the company

                      born: 18.02.1962

 Proxy:

                      Ralf Dorn

                      D 69469 Weinheim

                      authorized to jointly represent the company

                      born: 28.10.1969

 Proxy:

                      Dr. Tilman Rock

                      D 74889 Sinsheim

                      authorized to jointly represent the company

                      born: 21.11.1969

 Proxy:

                      Dr. Apollon Papadimitriou

                      D 83673 Bichl

                      authorized to jointly represent the company

                      born: 23.09.1968

 

 Further functions/participations of Thomas Schmid (Manager)

 Manager:

                      Roche Deutschland Holding GmbH

                      Emil-Barell-Str. 1

                      D 79639 Grenzach-Wyhlen

                      Legal form: Private limited company

                      Share capital:     EUR          5,112,918.81

                      Registered

                      on:         18.12.1997

                      Reg. data:  79098 Freiburg, HRB 412761

 

 Further functions/participations of Edgar Vieth (Manager)

 Manager:

                      Roche Deutschland Holding GmbH

                      Emil-Barell-Str. 1

                      D 79639 Grenzach-Wyhlen

                      Legal form: Private limited company

                      Share capital:     EUR          5,112,918.81

                      Registered

                      on:         18.12.1997

                      Reg. data:  79098 Freiburg, HRB 412761

 

 

COMPANY HISTORY

 

 05.01.1872 - 17.12.1998  Boehringer Mannheim GmbH

                          Sandhofer Str. 116-132

                          D 68305 Mannheim

                          Private limited company

 18.12.1998 - 2011        Roche Diagnostics GmbH

                          Sandhofer Str. 116-132

                          D 68305 Mannheim

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 17.01.2006 - 09.08.2011  Vice-president of the Supervisory Board

                          Wolfgang Katzmarek

                          D 68309 Mannheim

 23.04.1998 - 09.08.2011  President of the Supervisory Board

                          Dr. Franz B. Humer

                          CH - Basel

 19.07.2007 - 09.09.2010  Manager

                          Franz T. Walt

                          D 68723 Schwetzingen

 04.07.2006 - 09.09.2010  Manager

                          Jürgen Redmann

                          D 67147 Forst

 27.05.2003 - 26.04.2010  Manager

                          Prof.Dr.Dr. Klaus Strein

                          D 69502 Hemsbach

 31.05.2000 - 14.04.2010  Manager

                          Peter-Claus Schiller

                          D 79639 Grenzach-Wyhlen

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

 21200   Manufacture of pharmaceutical preparations

 

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Roche Diagnostics GmbH

                      Nonnenwaldstr. 2

                      D 82377 Penzberg

                      TEL.: 08856/60-0

                      FAX.: 08856/60-5701

 Branch:

                      Roche Diagnostics GmbH

                      Friedrich-Ebert-Str. 100

                      D 68167 Mannheim

 Branch:

                      Roche Diagnostics GmbH

                      Heerstr. 32

                      D 14052 Berlin

 Branch:

                      Roche Diagnostics GmbH

                      Heerdter Sandberg 30

                      D 40549 Düsseldorf

                      TEL.: 0211/55893-0

 

 

PARTICIPATIONS

 

 Limited partner:

                      Energie- und Medienversorgung Sandhofer

                      Straße GmbH & Co. KG

                      Sandhofer Str. 116

                      D 68305 Mannheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR          3,149,980.00

                      contribution:

                      Share:             EUR              5,000.00

                      Reg. data:  10.11.2003

                                  Local court 68159 Mannheim

                                  HRA 4928

 Limited partner:

                      Cytonet GmbH & Co. KG

                      Albert-Ludwig-Grimm-Str. 20

                      D 69469 Weinheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            419,560.00

                      contribution:

                      Share:             EUR              2,490.00

                      Reg. data:  22.08.2000

                                  Local court 68159 Mannheim

                                  HRA 431046

 Shareholder:

                      Stadtmarketing Mannheim GmbH

                      E 4 6

                      D 68159 Mannheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             82,650.00

                      Share:             EUR              2,550.00

                      Reg. data:  02.04.2002

                                  Local court 68159 Mannheim

                                  HRB 9135

 Shareholder:

                      InnovationLab GmbH

                      Speyerer Str. 4

                      D 69115 Heidelberg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             26,400.00

                      Share:             EUR              2,200.00

                      Reg. data:  15.09.2008

                                  Local court 68159 Mannheim

                                  HRB 705066

 

 

FINANCIAL INFORMATION

 

Payment experience:     takes advantage of cash discount

 

Negative information:    We have no negative information at hand.

 

Balance sheet year:       2011

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Sandhofer Str. 116

                                    D 68305 Mannheim

 

 Land register documents were not available.

 


BANKERS

 

Principal bank

COMMERZBANK VORMALS DRESDNER BANK, MANNHEIM

Sort. code: 67080050, BIC: DRESDEFF670

 

Further banks

COMMERZBANK, MANNHEIM

Sort. code: 67040031, BIC: COBADEFF670

DEUTSCHE BANK, MANNHEIM

Sort. code: 67070010, Account no.: 013779400, BIC: DEUTDESMXXX

UNICREDIT BANK - HYPOVEREINSBANK, MANNHEIM

Sort. code: 67020190, BIC: HYVEDEMM489

 

 

FINANCIAL FIGURES

 

 Turnover:            2011               EUR      3,965,604,000.00

 Profit:              2011               EUR        349,432,000.00

 Equipment:                              EUR        379,807,000.00

 Ac/ts receivable:                       EUR        635,845,000.00

 Liabilities:                            EUR      1,268,191,000.00

 Employees:                                                 11,004

 - Trainees:                                                   159

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 14.63

 Liquidity ratio:                   0.50

 Return on total capital [%]:      11.44

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 38.43

 Liquidity ratio:                   1.22

 Return on total capital [%]:      10.62

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 39.99

 Liquidity ratio:                   1.45

 Return on total capital [%]:      10.01

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 37.11

 Liquidity ratio:                   1.28

 Return on total capital [%]:       8.13

 

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      3,391,907,000.00

  Fixed assets                           EUR      1,760,236,000.00

   Intangible assets                     EUR         26,095,000.00

    Concessions, licences, rights        EUR         25,503,000.00

    Goodwill                             EUR            592,000.00

   Tangible assets                       EUR      1,722,306,000.00

    Land / similar rights                EUR        773,620,000.00

    Plant / machinery                    EUR        351,022,000.00

    Other tangible assets / fixtures and

    fittings                             EUR        379,807,000.00

    Advance payments made / construction

    in progress                          EUR        217,857,000.00

   Financial assets                      EUR         11,835,000.00

    Shares in participations /

    subsidiaries and the like            EUR          5,754,000.00

     Shares in related companies         EUR          3,515,000.00

     Shares in investee companies        EUR          2,239,000.00

    Loans to participations /

    subsidiaries and the like            EUR          5,979,000.00

     Loans to related companies          EUR          5,979,000.00

    Other loans                          EUR            102,000.00

  Current assets                         EUR      1,622,548,000.00

   Stocks                                EUR        986,525,000.00

    Raw materials, consumables and

    supplies                             EUR        176,302,000.00

    Finished goods / work in progress    EUR        809,061,000.00

    Advance payments made                EUR          1,162,000.00

   Accounts receivable                   EUR        635,845,000.00

    Trade debtors                        EUR         42,596,000.00

    Amounts due from related companies   EUR        577,622,000.00

    Other debtors and assets             EUR         15,627,000.00

   Liquid means                          EUR            178,000.00

  Remaining other assets                 EUR          9,123,000.00

   Accruals (assets)                     EUR          2,072,000.00

   Active difference from asset

   offsetting                            EUR          7,051,000.00

 

 LIABILITIES                             EUR      3,391,907,000.00

  Shareholders' equity                   EUR        496,457,000.00

   Capital                               EUR         94,590,000.00

    Subscribed capital (share capital)   EUR         94,590,000.00

   Reserves                              EUR        372,954,000.00

    Capital reserves                     EUR        305,305,000.00

    Retained earnings / revenue reserves EUR         67,649,000.00

   Balance sheet profit/loss (+/-)       EUR         28,913,000.00

    Balance sheet profit / loss          EUR         28,913,000.00

  Items between shareholders' equity and

  debt capital                           EUR            608,000.00

   Special items with reserve funds      EUR            608,000.00

  Provisions                             EUR      1,626,338,000.00

   Pension provisions and comparable

   provisions                            EUR      1,334,981,000.00

   Provisions for taxes                  EUR            339,000.00

   Other / unspecified provisions        EUR        291,018,000.00

  Liabilities                            EUR      1,268,191,000.00

   Other liabilities                     EUR      1,268,191,000.00

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR        216,199,000.00

    Liabililties due to related companiesEUR        986,589,000.00

    Unspecified other liabilities        EUR         65,403,000.00

     thereof liabilities from tax /

     financial authorities               EUR         50,619,000.00

     thereof liabilities from social

     security                            EUR          3,799,000.00

  Other liabilities                      EUR            313,000.00

   Deferrals (liabilities)               EUR            313,000.00

  Guarantees and other commitments       EUR          4,074,000.00

   Guarantees / warranties               EUR          4,074,000.00

    Guarantees                           EUR          4,074,000.00

 

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

 Code (HGB)

  Sales                                  EUR      3,965,604,000.00

  Inventory change + own costs (+/-)     EUR         64,945,000.00

   Inventory change (+/-)                EUR         43,355,000.00

   Capitalised own costs                 EUR         21,590,000.00

  Other operating income                 EUR        276,524,000.00

  Cost of materials                      EUR      2,022,307,000.00

   Raw materials and supplies, purchased

   goods                                 EUR      1,970,364,000.00

   Purchased services                    EUR         51,943,000.00

  Gross result (+/-)                     EUR      2,284,766,000.00

  Staff expenses                         EUR        836,988,000.00

   Wages and salaries                    EUR        670,321,000.00

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR        166,667,000.00

  Total depreciation                     EUR        225,475,000.00

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR        225,475,000.00

  Other operating expenses               EUR        725,100,000.00

  Operating result from continuing

  operations                             EUR        497,203,000.00

  Interest result (+/-)                  EUR       -105,805,000.00

   Interest and similar income           EUR          1,444,000.00

   Interest and similar expenses         EUR        107,249,000.00

  Other financial result                 EUR           -926,000.00

   Income from securities and loans from

   financial assets                      EUR           -926,000.00

  Financial result (+/-)                 EUR       -106,731,000.00

  Result from ordinary operations (+/-)  EUR        390,472,000.00

  Extraordinary expenses                 EUR         38,550,000.00

  Extraordinary result (+/-)             EUR        -38,550,000.00

  Expenses for transfer of profits to a

  parent company                         EUR        349,432,000.00

  Income tax / refund of income tax (+/-)EUR           -459,000.00

  Other taxes / refund of taxes          EUR         -2,031,000.00

  Tax (+/-)                              EUR         -2,490,000.00

  Annual surplus / annual deficit        EUR                  0.00

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR      3,261,325,000.00

  Fixed assets                           EUR      1,777,462,000.00

   Intangible assets                     EUR         28,881,000.00

    Concessions, licences, rights        EUR         28,044,000.00

    Goodwill                             EUR            837,000.00

   Tangible assets                       EUR      1,736,689,000.00

    Land / similar rights                EUR        601,141,000.00

    Plant / machinery                    EUR        301,914,000.00

    Other tangible assets / fixtures and

    fittings                             EUR        391,814,000.00

    Advance payments made / construction

    in progress                          EUR        441,820,000.00

   Financial assets                      EUR         11,892,000.00

    Shares in participations /

    subsidiaries and the like            EUR          5,770,000.00

     Shares in related companies         EUR          3,531,000.00

     Shares in investee companies        EUR          2,239,000.00

    Loans to participations /

    subsidiaries and the like            EUR          5,979,000.00

     Loans to related companies          EUR          5,979,000.00

    Other loans                          EUR            143,000.00

  Current assets                         EUR      1,482,492,000.00

   Stocks                                EUR        896,482,000.00

    Raw materials, consumables and

    supplies                             EUR        183,593,000.00

    Finished goods / work in progress    EUR        711,776,000.00

    Advance payments made                EUR          1,113,000.00

   Accounts receivable                   EUR        585,804,000.00

    Trade debtors                        EUR         28,269,000.00

    Amounts due from related companies   EUR        543,590,000.00

    Other debtors and assets             EUR         13,945,000.00

   Liquid means                          EUR            206,000.00

  Remaining other assets                 EUR          1,371,000.00

   Accruals (assets)                     EUR          1,371,000.00

 

 LIABILITIES                             EUR      3,261,325,000.00

  Shareholders' equity                   EUR        496,457,000.00

   Capital                               EUR         94,590,000.00

    Subscribed capital (share capital)   EUR         94,590,000.00

   Reserves                              EUR        372,954,000.00

    Capital reserves                     EUR        305,305,000.00

    Retained earnings / revenue reserves EUR         67,649,000.00

   Balance sheet profit/loss (+/-)       EUR         28,913,000.00

    Balance sheet profit / loss          EUR         28,913,000.00

  Items between shareholders' equity and

  debt capital                           EUR            648,000.00

   Special items with reserve funds      EUR            648,000.00

  Provisions                             EUR      1,529,266,000.00

   Pension provisions and comparable

   provisions                            EUR      1,203,920,000.00

   Provisions for taxes                  EUR             27,000.00

   Other / unspecified provisions        EUR        325,319,000.00

  Liabilities                            EUR      1,232,810,000.00

   Other liabilities                     EUR      1,232,810,000.00

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR        167,455,000.00

    Liabililties due to related companiesEUR      1,019,405,000.00

    Unspecified other liabilities        EUR         45,950,000.00

  Other liabilities                      EUR          2,144,000.00

   Deferrals (liabilities)               EUR          2,144,000.00

  Guarantees and other commitments       EUR          4,876,000.00

   Guarantees / warranties               EUR          4,876,000.00

    Guarantees                           EUR          4,876,000.00

 

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

 Code (HGB)

  Sales                                  EUR      3,340,926,000.00

  Inventory change + own costs (+/-)     EUR         18,116,000.00

   Inventory change (+/-)                EUR        -12,375,000.00

   Capitalised own costs                 EUR         30,491,000.00

  Other operating income                 EUR        421,712,000.00

  Cost of materials                      EUR      1,624,327,000.00

   Raw materials and supplies, purchased

   goods                                 EUR      1,578,731,000.00

   Purchased services                    EUR         45,596,000.00

  Gross result (+/-)                     EUR      2,156,427,000.00

  Staff expenses                         EUR        787,371,000.00

   Wages and salaries                    EUR        658,735,000.00

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR        128,636,000.00

  Total depreciation                     EUR        243,613,000.00

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR        243,613,000.00

  Other operating expenses               EUR        681,184,000.00

  Operating result from continuing

  operations                             EUR        444,259,000.00

  Result from participating interests

  (+/-)                                  EUR          2,134,000.00

   Expenses / income from participations EUR          2,134,000.00

    Income from transfer of profits      EUR          2,134,000.00

  Interest result (+/-)                  EUR       -100,288,000.00

   Interest and similar income           EUR            305,000.00

   Interest and similar expenses         EUR        100,593,000.00

  Other financial result                 EUR            974,000.00

   Income from securities and loans from

   financial assets                      EUR            974,000.00

  Financial result (+/-)                 EUR        -97,180,000.00

  Result from ordinary operations (+/-)  EUR        347,079,000.00

  Extraordinary income                   EUR         16,656,000.00

  Extraordinary expenses                 EUR         62,758,000.00

  Extraordinary result (+/-)             EUR        -46,102,000.00

  Expenses for transfer of profits to a

  parent company                         EUR        298,611,000.00

  Income tax / refund of income tax (+/-)EUR           -101,000.00

  Other taxes / refund of taxes          EUR         -2,265,000.00

  Tax (+/-)                              EUR         -2,366,000.00

  Annual surplus / annual deficit        EUR                  0.00


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.28

UK Pound

1

Rs.82.06

Euro

1

Rs.70.23

 

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%)

 

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.