MIRA INFORM REPORT

 

 

Report Date :

30.11.2013

 

IDENTIFICATION DETAILS

 

Name :

GROZ-BECKERT KOMMANDITGESELLSCHAFT

 

 

Registered Office :

Parkweg 2, D 72458 Albstadt, Post Box 10 02 49, D 72423 Albstadt

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Year of Establishments:

1852

 

 

Com. Reg. No.:

HRA 401300

 

 

Legal Form :

Limited partnership

 

 

Line of Business :

·         Manufacturer of metal products

Wholesaler of hardware, plumbing and heating equipment and supplies

 

 

No. of Employees :

2,110

 

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 – September 30th, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

 

 

 

 


Company name & address 

 

Groz-Beckert Kommanditgesellschaft

Parkweg 2

D 72458 Albstadt

Post Box:

10 02 49, D 72423 Albstadt

Telephone:07431/10-0

Telefax:  07431/10-2777

Homepage: www.groz-beckert.de

E-mail:   contact@groz-beckert.de

 

 

Company Status

 

active

 

 

VAT no

 

DE144836167

 

CONCLUSION

 

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

 

 

Synthesis

 

LEGAL FORM               Limited partnership

Date of foundation:         1852

Registered on:               21.01.1895

Register of

companies:                   Local court 70190 Stuttgart

under:                           HRA 401300

Total cap. contribution:  EUR         20,498,322.00

 

 

Limited partner

 

Dr. Thomas Lindner

Mozartstr. 51

D 72458 Albstadt

born: 23.09.1951 in Niederpöcking, Kreis

Starnberg

Share:             EUR         12,650,859.00

 

 Limited partner:

                      Annemarie Fischer

                      D 83700 Rottach-Egern

                      born: 10.02.1920

                      Share:             EUR          1,500,000.00

 Limited partner:

                      Stephan Schmid

                      Kapellenweg 3

                      D 83098 Brannenburg

                      born: 25.03.1961

                      Share:             EUR          1,250,308.00

 Limited partner:

                      Matthias Schmid

                      Kapellenweg 3

                      D 83098 Brannenburg

                      born: 15.06.1964

                      Share:             EUR          1,239,678.00

 Limited partner:

                      Barbara Veronika Donaubauer

                      Türkenstr. 24

                      D 80333 München

                      Share:             EUR          1,034,487.00

 Limited partner:

                      Georg Donaubauer

                      Pfingstrosenstr. 52

                      D 81377 München

                      born: 16.07.1979

                      Share:             EUR          1,034,487.00

 Limited partner:

                      Veronika Donaubauer

                      Pfingstrosenstr. 52

                      D 81377 München

                      born: 06.06.1942

                      Share:             EUR            831,612.00

 Limited partner:

                      Margret Schmid

                      D 83098 Brannenburg

                      born: 06.05.1937

                      Share:             EUR            796,891.00

 Limited partner:

                      Ann-Kristin Moritz

                      Nelkenweg 4

                      D 35423 Lich

                      born: 05.06.1994

                      Share:             EUR            100,000.00

 Limited partner:

                      Moritz Lindner

                      Mozartstr. 51

                      D 72458 Albstadt

                      born: 23.10.1991

                      Share:             EUR             60,000.00

 

General partner

 

Florian Groz

Franz-Schubert-Str. 5

D 72458 Albstadt

born: 25.04.1947

Marital status: married

 

General partner:

                      Groz-Beckert Verwaltungs- und

                      Beteiligungs-GmbH

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered on: 22.03.1996

                      Reg. data: 70190 Stuttgart, HRB 401023

 

 

Shareholder

 

Groz-Beckert Kommanditgesellschaft

Parkweg 2

D 72458 Albstadt

Post Box:

10 02 49, D 72423 Albstadt

Legal form: Limited partnership

Total cap.         EUR         20,498,322.00

contribution:

Share:             EUR             26,000.00

Registered on: 21.01.1895

Reg. data: 70190 Stuttgart, HRA 401300

 

Manager

 

Dr. Thomas Lindner

Mozartstr. 51

D 72458 Albstadt

having sole power of representation

born: 23.09.1951 in Niederpöcking, Kreis

Starnberg

Profession: Fully qualified merchant

Marital status: married

 

 Manager:

                      Eric Schöller

                      D 72458 Albstadt

                      born: 17.02.1967

 Manager:

                      Hans-Jürgen Haug

                      D 72116 Mössingen

                      born: 24.02.1964

 

Proxy

 

Winfried Amann

D 72393 Burladingen

authorized to jointly represent the company

born: 07.03.1955

 

 Proxy:

                      Bernd Eugen Hillenbrand

                      D 72458 Albstadt

                      authorized to jointly represent the company

                      born: 22.09.1963

 Proxy:

                      Burkhard Block

                      D 72336 Balingen

                      authorized to jointly represent the company

                      born: 21.02.1956

 Proxy:

                      Frank Durst

                      Hartmannstr. 166

                      D 72458 Albstadt

                      authorized to jointly represent the company

                      born: 04.07.1961

 Proxy:

                      Miroslav Svejda

                      D 72336 Balingen

                      authorized to jointly represent the company

                      born: 01.06.1963

                      Nationality: Hungarian

 Proxy:

                      Johannes Bruske

                      Herderstr. 11

                      D 72458 Albstadt

                      authorized to jointly represent the company

                      born: 30.10.1956


 Proxy:

                      Bernhard Seufert

                      D 72116 Mössingen

                      authorized to jointly represent the company

                      born: 14.12.1968

 Proxy:

                      Markus Settegast

                      D 72351 Geislingen

                      authorized to jointly represent the company

                      born: 10.04.1972

 Proxy:

                      Dr. Stefan Björn Zamel

                      D 72469 Meßstetten

                      authorized to jointly represent the company

                      born: 01.08.1962

 Proxy:

                      Roland Karle

                      D 72406 Bisingen

                      authorized to jointly represent the company

                      born: 17.10.1952

                      Nationality: Swiss

 Proxy:

                      Heiko Bauer

                      D 88433 Schemmerhofen

                      authorized to jointly represent the company

                      born: 16.09.1966

 Proxy:

                      Eric Jürgens

                      Frongrabenweg 14

                      D 72406 Bisingen

                      authorized to jointly represent the company

                      born: 23.09.1967

 Proxy:

                      Renato D'Agostino

                      D 72458 Albstadt

                      authorized to jointly represent the company

                      born: 15.04.1962

                      Nationality: Swiss

 Proxy:

                      Carsten Czepull

                      D 72070 Tübingen

                      authorized to jointly represent the company

                      born: 20.09.1975

 Proxy:

                      Bodo Friederich

                      D 72458 Albstadt

                      authorized to jointly represent the company

                      born: 19.01.1952

 Proxy:

                      Klaus-Peter Hacker

                      D 72474 Winterlingen

                      authorized to jointly represent the company

                      born: 27.04.1951

 Proxy:

                      Dr. Reiner Piske

                      D 72760 Reutlingen

                      authorized to jointly represent the company

                      born: 12.04.1970

 Proxy:

                      Dr. Richard Zeller

                      D 78532 Tuttlingen

                      authorized to jointly represent the company

                      born: 09.04.1965

 Proxy:

                      Dr. Christian Gerth

                      D 72458 Albstadt

                      authorized to jointly represent the company

                      born: 08.08.1972

 General partner:

                      Dr. Thomas Lindner

                      Mozartstr. 51

                      D 72458 Albstadt

                      born: 23.09.1951 in Niederpöcking, Kreis

                      Starnberg

                      Profession: Fully qualified merchant

                      Marital status: married

 Proxy:

                      Klaus-Peter Hacker

                      D 72458 Albstadt

                      authorized to jointly represent the company

 Proxy:

                      Dr. Johannes Bruske

                      Hermannstr. 5

                      D 42897 Remscheid

                      born: 30.10.1956

                      Profession: Engineer

                      Marital status: married

 Proxy:

                      Dr. Thomas Bregel

                      Schloßstr. 3

                      D 72479 Straßberg

                      authorized to jointly represent the company

                      Profession: Fully qualified physicist

 Proxy:

                      Roland Karle

                      Am Borrenbach 15

                      D 72406 Bisingen

                      authorized to jointly represent the company

                      Profession: Authorized signatary

 Proxy:

                      Dr. Thomas Lindner

                      Mozartstr. 51

                      D 72458 Albstadt

                      having sole power of representation

                      born: 23.09.1951 in Niederpöcking, Kreis

                      Starnberg

                      Profession: Fully qualified merchant

                      Marital status: married

 Proxy:

                      Thomas Schmaus

                      D 72469 Meßstetten

                      born: 07.07.1957

 Proxy:

                      Winfried Amann

                      D 72393 Burladingen

                      authorized to jointly represent the company

                      born: 07.03.1955

 Proxy:

                      Eric Schöller

                      D 72458 Albstadt

                      authorized to jointly represent the company

                      born: 17.02.1967

 Proxy:

                      Burkhard Block

                      D 72336 Balingen

                      born: 21.02.1956

 Proxy:

                      Frank Durst

                      Hartmannstr. 166

                      D 72458 Albstadt

                      authorized to jointly represent the company

                      born: 04.07.1961

 Proxy:

                      Miroslav Svejda

                      D 72336 Balingen

                      authorized to jointly represent the company

                      born: 01.06.1963

                      Nationality: Hungarian

 Proxy:

                      Bernhard Seufert

                      D 72116 Mössingen

                      authorized to jointly represent the company

                      born: 14.12.1968

 Proxy:

                      Markus Settegast

                      D 72351 Geislingen

                      authorized to jointly represent the company

                      born: 10.04.1972

 Proxy:

                      Dr. Stefan Björn Zamel

                      D 72469 Meßstetten

                      authorized to jointly represent the company

                      born: 01.08.1962

 Proxy:

                      Heiko Bauer

                      D 88433 Schemmerhofen

                      authorized to jointly represent the company

                      born: 16.09.1966

 Proxy:

                      Eric Jürgens

                      Frongrabenweg 14

                      D 72406 Bisingen

                      authorized to jointly represent the company

                      born: 23.09.1967

 Proxy:

                      Renato D'Agostino

                      D 72458 Albstadt

                      authorized to jointly represent the company

                      born: 15.04.1962

                      Nationality: Swiss

 Proxy:

                      Carsten Czepull

                      D 72070 Tübingen

                      authorized to jointly represent the company

                      born: 20.09.1975

 

Further functions/participations of Groz-Beckert Verwaltungs- und Beteiligungs-GmbH (General partner)

 

Shareholder:

                      IBO-Stalltechnik GmbH

                      Wiegenkamp 17

                      D 46414 Rhede

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Share:             EUR             26,000.00

                      Registered

                      on:         25.03.1985

                      Reg. data:  48653 Coesfeld, HRB 5284

 

Further functions/participations of Dr. Thomas Lindner (General partner)

 

General partner:

                      Felten Eva Maria Lindner Thomas Lindner

                      Andreas GbR

                      D 80333 München

                      Legal form: Partnership under the Civil Code

 Shareholder:

                      KSG Leiterplatten GmbH

                      Auerbacher Str. 3-5

                      D 09390 Gornsdorf

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         18.08.1994

                      Reg. data:  09112 Chemnitz, HRB 10417

 Shareholder:

                      Tolind Vermögensverwaltungs-GmbH

                      Mozartstr. 51

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         20.01.2003

                      Reg. data:  70190 Stuttgart, HRB 23496

 Shareholder:

                      Lindner Verwaltungs GmbH

                      Widenmayerstr. 38

                      D 80538 München

                      Legal form: Private limited company

                      Share capital:     EUR             27,000.00

                      Share:             EUR              9,000.00

                      Registered

                      on:         07.08.1996

                      Reg. data:  80333 München, HRB 113803

 Shareholder:

                      Lindner Verwaltungs-GmbH

                      Auerbacher Str. 3-5

                      D 09390 Gornsdorf

                      Legal form: Private limited company

                      Share capital:     EUR             26,587.16

                      Share:             EUR              6,646.79

                      Registered

                      on:         15.06.1995

                      Reg. data:  09112 Chemnitz, HRB 11729

 Manager:

                      Groz-Beckert Verwaltungs- und

                      Beteiligungs-GmbH

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         22.03.1996

                      Reg. data:  70190 Stuttgart, HRB 401023

 Manager:

                      Gesellschaft feinmechanischer Erzeugnisse

                      Ebingen mit beschränkter Haftung

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Share capital:     EUR         80,000,000.00

                      Registered

                      on:         30.04.1962

                      Reg. data:  70190 Stuttgart, HRB 400039

 Manager:

                      Yantex Holding GmbH

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Share capital:     EUR             27,000.00

                      Registered

                      on:         09.06.1995

                      Reg. data:  70190 Stuttgart, HRB 400990

 Manager:

                      Tolind Vermögensverwaltungs-GmbH

                      Mozartstr. 51

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         20.01.2003

                      Reg. data:  70190 Stuttgart, HRB 23496

 Manager:

                      Groz-Beckert Financing GmbH

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         21.11.2013

                      Reg. data:  70190 Stuttgart, HRB 746909

 Member of the Supervisory Board:

                      HDI Haftpflichtverband der Deutschen

                      Industrie Versicherungsverein auf

                      Gegenseitigkeit

                      Riethorst 2

                      D 30659 Hannover

                      Post Box:

                      51 0369

                      Legal form: Mutual insurance society

                      Registered

                      on:         08.12.1903

                      Reg. data:  30175 Hannover, HRB 3458

 Member of the Chairing-committee:

                      Bundesverband der Deutschen Industrie e.V.

                      (BDI)

                      Breite Str. 29

                      D 10178 Berlin

                      Legal form: Registered association

                      Registered

                      on:         01.11.1999

                      Reg. data:  14057 Berlin, VR 19633 NZ

 

 

BUSINESS ACTIVITIES

 

Sectors

·         25993   Manufacture of metal products n.e.c.

4674    Wholesale of hardware, plumbing and heating equipment and supplies

 

 

PARTICIPATIONS

 

 Limited partner:

                      Schmeing GmbH & Co. KG

                      Ostring 26

                      D 46348 Raesfeld

                      Post Box:

                      30 54

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            255,645.94

                      contribution:

                      Share:             EUR            255,645.94

                      Reg. data:  02.10.1992

                                  Local court 48653 Coesfeld

                                  HRA 3173

 Limited partner:

                      Oskar Fischer GmbH & Co. KG

                      Graf-Wolfegg-Str. 23

                      D 72108 Rottenburg

                      Post Box:

                      67

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: dissolved

                      since:          16.11.2010

                      Total cap.         EUR            175,000.00

                      contribution:

                      Share:             EUR            175,000.00

                      Reg. data:  30.12.2008

                                  Local court 70190 Stuttgart

                                  HRA 723581

 Limited partner:

                      Knotex GmbH & Co. KG

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: dissolved

                      since:          09.11.2010

                      Total cap.         EUR             10,000.00

                      contribution:

                      Share:             EUR             10,000.00

                      Reg. data:  16.02.2010

                                  Local court 70190 Stuttgart

                                  HRA 724924

 Shareholder:

                      Gesellschaft feinmechanischer Erzeugnisse

                      Ebingen mit beschränkter Haftung

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR         80,000,000.00

                      Share:             EUR         80,000,000.00

                      Reg. data:  30.04.1962

                                  Local court 70190 Stuttgart

                                  HRB 400039

 Shareholder:

                      Schmeing Verwaltungs-GmbH

                      Ostring 26

                      D 46348 Raesfeld

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             26,000.00

                      Share:             EUR             26,000.00

                      Reg. data:  03.08.1992

                                  Local court 48653 Coesfeld

                                  HRB 5207

 Shareholder:

                      Groz-Beckert Verwaltungs- und

                      Beteiligungs-GmbH

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             26,000.00

                      Share:             EUR             26,000.00

                      Reg. data:  22.03.1996

                                  Local court 70190 Stuttgart

                                  HRB 401023

 Shareholder:

                      Kindertagesstätte Malesfelsen GmbH

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  20.02.2013

                                  Local court 70190 Stuttgart

                                  HRB 744224

 Shareholder:

                      Grundschule Malesfelsen gemeinnützige GmbH

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  16.05.2012

                                  Local court 70190 Stuttgart

                                  HRB 741277

 Shareholder:

                      Groz-Beckert Beteiligungs- und

                      Grundstücksgesellschaft mbH

                      Parkweg 2

                      D 72458 Albstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  30.04.2012

                                  Local court 70190 Stuttgart

                                  HRB 741112

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2012

 

 

REAL ESTATE

 

 Type of ownership:         proprietor

 Share:                            100.00 %

 Address                       Parkweg 2

                                    D 72458 Albstadt

 Value at selling price:   EUR         19,345,000.00

 

 Real Estate of:      Groz-Beckert Verwaltungs- und

                             Beteiligungs-GmbH

 Type of ownership:  Tenant

 Address                 Parkweg 2

                               D 72458 Albstadt

 

 Real Estate of:        Dr. Thomas Lindner

Type of ownership:   Tenant

 Address                 Mozartstr. 51

                                D 72458 Albstadt

 

 Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, ALBSTADT, WÜRTT

Sort. code: 65370075, BIC: DEUTDESS653

 

Further banks

COMMERZBANK, STUTTGART

Sort. code: 60040071, BIC: COBADEFF600

COMMERZBANK VORMALS DRESDNER BANK, ALBSTADT, WÜRTT

Sort. code: 65380003, BIC: DRESDEFF653

VOLKSBANK EBINGEN, ALBSTADT, WÜRTT

Sort. code: 65390120, BIC: GENODES1EBI

POSTBANK, STUTTGART

Sort. code: 60010070, BIC: PBNKDEFF600

SPARKASSE ZOLLERNALB, BALINGEN

Sort. code: 65351260, BIC: SOLADES1BAL

 

FINANCIAL FIGURES

 

 Turnover:            2011               EUR        528,000,000.00

                      2012               EUR        454,901,943.00

 further business figures:

 Equipment:                              EUR         16,161,286.00

 Ac/ts receivable:                       EUR         92,653,457.00

 Liabilities:                            EUR        307,805,202.00

 Employees:                                                  2,110

 - Trainees:                                                   152

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 43.39

 Liquidity ratio:                   0.45

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 45.95

 Liquidity ratio:                   0.54

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 43.56

 Liquidity ratio:                   0.47

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 39.45

 Liquidity ratio:                   0.33

 

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.

 

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR        698,491,271.24

  Fixed assets                           EUR        430,026,712.69

   Intangible assets                     EUR          1,845,161.00

    Concessions, licences, rights        EUR          1,251,989.00

    Goodwill                             EUR            593,172.00

   Tangible assets                       EUR        164,243,284.25

    Land / similar rights                EUR         82,898,146.28

    Plant / machinery                    EUR         39,838,508.30

    Other tangible assets / fixtures and

    fittings                             EUR         16,161,285.73

    Advance payments made / construction

    in progress                          EUR         25,345,343.94

   Financial assets                      EUR        263,938,267.44

    Shares in participations /

    subsidiaries and the like            EUR        164,387,494.26

    Loans to participations /

    subsidiaries and the like            EUR         99,238,647.66

    Other loans                          EUR            312,125.52

  Current assets                         EUR        267,990,783.54

   Stocks                                EUR        165,225,560.41

    Raw materials, consumables and

    supplies                             EUR         19,023,436.10

    Finished goods / work in progress    EUR        146,197,651.46

    Advance payments made                EUR              4,472.85

   Accounts receivable                   EUR         92,653,456.55

    Trade debtors                        EUR         15,773,150.45

    Amounts due from related companies   EUR         71,728,012.75

    Other debtors and assets             EUR          5,152,293.35

   Investments in current assets         EUR          1,097,148.62

   Liquid means                          EUR          9,014,617.96

  Remaining other assets                 EUR            473,775.01

   Accruals (assets)                     EUR            473,775.01

 

 LIABILITIES                             EUR        698,491,271.24

  Shareholders' equity                   EUR        211,350,000.00

  Provisions                             EUR        179,336,069.23

   Pension provisions and comparable

   provisions                            EUR        150,308,518.00

   Provisions for taxes                  EUR          2,491,831.60

   Other / unspecified provisions        EUR         26,535,719.63

  Liabilities                            EUR        307,805,202.01

   Other liabilities                     EUR        307,805,202.01

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          7,039,415.42

    Liabilities due to shareholders      EUR         92,034,340.73

    Liabililties due to related companiesEUR        186,657,710.35

    Unspecified other liabilities        EUR         22,073,735.51

     thereof liabilities from tax /

     financial authorities               EUR          1,701,029.01

     thereof liabilities from social

     security                            EUR            413,820.73

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR        638,092,843.39

  Fixed assets                           EUR        378,979,012.57

   Intangible assets                     EUR          1,702,085.00

    Concessions, licences, rights        EUR          1,702,085.00

   Tangible assets                       EUR        141,063,580.32

    Land / similar rights                EUR         78,910,368.77

    Plant / machinery                    EUR         33,960,458.97

    Other tangible assets / fixtures and

    fittings                             EUR         14,739,813.56

    Advance payments made / construction

    in progress                          EUR         13,452,939.02

   Financial assets                      EUR        236,213,347.25

    Shares in participations /

    subsidiaries and the like            EUR        140,804,396.59

    Loans to participations /

    subsidiaries and the like            EUR         94,917,006.45

    Other loans                          EUR            491,944.21

  Current assets                         EUR        259,113,830.82

   Stocks                                EUR        145,859,054.95

    Raw materials, consumables and

    supplies                             EUR         21,934,959.46

    Finished goods / work in progress    EUR        123,924,095.49

   Accounts receivable                   EUR         77,700,170.37

    Trade debtors                        EUR         16,669,925.44

    Amounts due from related companies   EUR         56,692,957.49

    Other debtors and assets             EUR          4,337,287.44

   Investments in current assets         EUR          1,126,977.65

   Liquid means                          EUR         34,427,627.85

 

 LIABILITIES                             EUR        638,092,843.39

  Shareholders' equity                   EUR        201,000,000.00

  Provisions                             EUR        167,820,026.72

   Pension provisions and comparable

   provisions                            EUR        140,644,398.00

   Provisions for taxes                  EUR          1,097,282.00

   Other / unspecified provisions        EUR         26,078,346.72

  Liabilities                            EUR        269,272,816.67

   Other liabilities                     EUR        269,272,816.67

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          6,840,334.01

    Liabilities due to shareholders      EUR         92,192,861.58

    Liabililties due to related companiesEUR        140,241,895.80

    Unspecified other liabilities        EUR         29,997,725.28

     thereof liabilities from tax /

     financial authorities               EUR          1,420,458.63

     thereof liabilities from social

     security                            EUR              7,011.41


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.39

UK Pound

1

Rs.102.06

Euro

1

Rs.84.98

 

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.