|
Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
REPOWER SYSTEMS SE |
|
|
|
|
Registered Office : |
Überseering 10 ( Oval Office ), D 22297 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
13.04.2000 |
|
|
|
|
Com. Reg. No.: |
HRB 118644 |
|
|
|
|
Legal Form : |
European Company (SE) |
|
|
|
|
Line of Business : |
Manufacture of pumps and compressors n.e.c. |
|
|
|
|
No. of Employees : |
1,288 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – March 31st,
2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
GERMANY |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms
and Europe's largest - is a leading exporter of machinery, vehicles, chemicals,
and household equipment and benefits from a highly skilled labor force. Like
its Western European neighbors, Germany faces significant demographic
challenges to sustained long-term growth. Low fertility rates and declining net
immigration are increasing pressure on the country's social welfare system and
necessitate structural reforms. Reforms launched by the government of
Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address
chronically high unemployment and low average growth, contributed to strong
growth in 2006 and 2007 and falling unemployment. These advances, as well as a
government subsidized, reduced working hour scheme, help explain the relatively
modest increase in unemployment during the 2008-09 recession - the deepest
since World War II - and its decrease to 6.5% in 2012. GDP contracted 5.1% in 2009
but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. A
constitutional amendment approved in 2009 limits the federal government to
structural deficits of no more than 0.35% of GDP per annum as of 2016 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. Following the March 2011 Fukushima nuclear disaster,
Chancellor Angela Merkel announced in May 2011 that eight of the country's 17
nuclear reactors would be shut down immediately and the remaining plants would
close by 2022. Germany hopes to replace nuclear power with renewable energy.
Before the shutdown of the eight reactors, Germany relied on nuclear power for
23% of its electricity generating capacity and 46% of its base-load electricity
production.
|
Source : CIA |
REPOWER SYSTEMS SE
Company Status: active
Überseering 10 ( Oval Office )
D 22297 Hamburg
Telephone:040/5555090-0
Telefax: 040/5555090-3999
Homepage: www.repower.de
E-mail: info@repower.de
DE214727896
LEGAL FORM European Company (SE)
Date of foundation: 13.04.2000
Registered on: 15.06.2011
Commercial Register: Local court 20355 Hamburg
under: HRB
118644
EUR 9,220,179.00
Member of
the Board of Directors
Marcus
Antonius Wassenberg
D
80331 München
born:
21.11.1966 in Grevenbroich
Profession: Fully qualified Economist
Marital
status: unknown
Member of the Board of
Directors:
Matthias Schubert
Wilhelmstr. 10
D
24768 Rendsburg
authorized to jointly represent the company
born: 26.01.1960 in Düsseldorf
Profession: graduate engineer
Marital status: unknown
Member of the Board of
Directors:
Andreas Nauen
DK Brande
authorized to jointly represent the company
born:
02.07.1964
Profession: Businessman
Nationality: danish
Marital status: unknown
Member of the Board of
Directors:
Vinodrai Ranchhodbhai Tanti
D
20095 Hamburg
born:
29.06.1962
Nationality: Indian
President of the
Supervisory Board:
Tulsi
Ranchhod Tanti
Orion Satelite Towers Flat No.
501
Sector 81 Koregaon Park
IND
PUNE 411001 Maharashtra
born:
02.02.1958
Profession: Businessman
Vice-president of the Supervisory
Board:
Frans
Visscher
NL -
Bergen
Nationality: Indian
Marital status: unknown
Member of the Supervisory
Board:
Kritikant Jasvantrai Vagadia
IND Pune
Nationality: Indian
Member of the Supervisory
Board:
Thomas
Rex
D
16230 Breydin
Marital status: unknown
Member of the Supervisory Board:
Bernhard Band
D
25782 Tellingstedt
Marital status: unknown
Member of the Supervisory
Board:
Ravi
Uppal
IND New Delhi
Nationality: Indian
Proxy:
Martina Johanna Schulz
Schubertstraße 25
D
16225 Eberswalde
born:
02.11.1957
née:
Gaebel
Profession:
Educationalist
Marital status: widowed
Proxy:
Dr.
Wolf Schulz
D
22297 Hamburg
authorized to jointly represent the company
born:
26.12.1956
Profession: Businessman
Proxy:
Jürgen
Norbert Giese
Im
Allhorn 13
D
22359 Hamburg
authorized to jointly represent the company
born: 19.05.1960
Profession: Fully qualified geographer
Marital status: unknown
Proxy:
Christian Müller
D
24796 Bovenau
authorized to jointly represent the company
born:
05.06.1965
Profession: graduate engineer
Marital status: married
Proxy:
Jörg
Zeumer
D
24768 Rendsburg
born: 09.07.1968
Proxy:
Frank
Zimmermann
D
91052 Erlangen
authorized to jointly represent the company
born:
30.03.1962
Profession: Bank Clerk
Proxy:
Annette Greve
D
20095 Hamburg
authorized to jointly represent the company
born:
02.10.1966
Profession: Businessman
Marital status: unknown
Proxy:
Dr.
Malte Greve
Ole
Koppel 6
D
22927 Großhansdorf
authorized to jointly represent the company
born:
23.05.1969
Marital status: unknown
Proxy:
Dietmar Schneider
Ahornweg 18
D
23858 Reinfeld
authorized to jointly represent the company
born: 09.05.1961
Proxy:
Susanne Charlotte Ochernal
D
24119 Kronshagen
authorized to jointly represent the company
born:
31.07.1971
Proxy:
Thomas
Schnorrenberg
D
22949 Ammersbek
authorized to jointly represent the company
born:
31.05.1976
Profession: Businessman
Marital status: unknown
Proxy:
Kurt
Stürken
Waldring 24
D
21376 Salzhausen
authorized to jointly represent the company
born:
17.12.1963
Profession: graduate engineer
Marital status: unknown
Proxy:
Klaus
Köncke
D
47798 Krefeld
authorized to jointly represent the company
born:
25.03.1959
Proxy:
Andreas Kaffka
D
22297 Hamburg
authorized to jointly represent the company
born:
26.09.1961
Profession: Businessman
Marital
status: unknown
Proxy:
Thorsten Meyer
D
22297 Hamburg
authorized to jointly represent the company
born:
02.09.1973
Proxy:
Stuart
Broadley
D
22297 Hamburg
authorized to jointly represent the company
born:
24.01.1967
Proxy:
Kyriakos Kosmidis
D
22297 Hamburg
authorized
to jointly represent the company
born:
28.12.1963
Proxy:
Jeroen
Kossen
NL Zaanstad
authorized to jointly represent the company
born:
10.08.1970
Nationality: Dutch
Proxy:
Jamal
Choukri
D
24837 Schleswig
authorized to jointly represent the company
born:
10.05.1972
Proxy:
Dr. Mathias Mier
D
23617 Stockelsdorf
authorized to jointly represent the company
born:
02.03.1962
Marital status: unknown
Proxy:
Dr.
Martin Knops
D
24787 Fockbek
authorized to jointly represent the company
born:
12.07.1972
Further
functions/participations of Matthias Schubert (Member of
the Board of Directors)
Limited partner:
Orbis
GmbH & Co. Energie- und Umwelttechnik
Zweiundzwanzigste KG
Goethestr. 10
D
27356 Rotenburg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,700,000.00
contribution:
Share: EUR 690,000.00
Registered
on: 01.12.2004
Reg.
data: 29664 Walsrode, HRA 62046
Shareholder:
Elbewindparkprojekt Verwaltungsgesellschaft
mbH
Nagelschmiedsweg
15-19
D
27356 Rotenburg
Legal
form: Private limited company
Share
capital: EUR 25,001.00
Share: EUR 1,979.00
Registered
on: 13.01.2010
Reg.
data: 29664 Walsrode, HRB 202163
Vice-president of the Board
of Directors:
WindEnergie Zirkel Hanse e.V.
Steinhöft
9
D
20459 Hamburg
Legal
form: Registered association
Registered
on: 04.11.2005
Reg.
data: 20355 Hamburg, VR 18775
Further functions/participations
of Vinodrai Ranchhodbhai Tanti
(Member of the Board of
Directors)
Manager:
PowerBlades GmbH
Seewindstr. 4
D
27572 Bremerhaven
Legal
form: Private limited company
Share
capital: EUR 625,000.00
Registered
on: 25.03.2008
Reg.
data: 28195 Bremen, HRB 5254 BHV
13.04.2000 -
31.07.2001 REpower AG
Flughafenstr. 54
D
22335 Hamburg
Public limited company
01.08.2001 -
30.09.2003 REpower Systems AG
Flughafenstr. 54
D 22335 Hamburg
Public limited company
01.10.2003 -
31.12.2007 REpower Systems AG
Alsterkrugchaussee 378
D
22335 Hamburg
Public limited company
01.01.2008 -
14.06.2011 REpower Systems AG (HRB
75543, AG
Hamburg)
Überseering 10
D
22297 Hamburg
Public limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
18.10.2011 -
11.09.2012 Vice-president of the
Supervisory Board
Girish R. Tanti
IND Pune
09.11.2010 -
27.06.2012 Member of the Board of
Directors
Gregor Gnädig
CH
Zürich
16.02.2010 -
27.06.2012 Member of the Board of
Directors
Derrick George Noe
D
40667 Meerbusch
12.01.2010 -
15.06.2011 Member of the Board of
Directors
Per Torben Hornung
Pedersen
D
20095 Hamburg
12.11.2009 -
15.06.2011 Member of the Supervisory
Board
Girish R. Tanti
IND Pune
21.10.2009 -
15.06.2011 Vice-president of the
Supervisory Board
Dr. Christof Maria Fritzen
D
61476 Kronberg
12.01.2010 -
04.11.2010 Member of the Board of
Directors
Lars Rytter Kristensen
D 22335 Hamburg
Main industrial sector
28130 Manufacture of pumps and compressors n.e.c.
35112 Production of electricity with external
procurement for
distribution
46692 Wholesale of other machinery
71122 Engineering activities in the field of
technical sectoral
planning andengineering
design
Branch:
REpower Systems SE
Kruger
Damm 11
D
16230 Breydin
TEL.: 033451/55861000
FAX.:
033451/55861037
Branch:
REpower Systems SE
Rödemishallig
D
25813 Husum
TEL.:
04841/662800
FAX.: 04841/662888
Branch:
REpower Systems SE
Franz-Lenz-Str. 1
D
49084 Osnabrück
Branch:
REpower Systems SE
Albert-Betz-Str. 1
D 24783 Osterrönfeld
TEL.:
04331/13139-000
FAX.:
04331/13139-999
Branch:
REpower Systems SE
Labradorstr. 18-22
D
27572 Bremerhaven
Branch:
REpower Systems SE
Heegermühler Str. 64
D
16225 Eberswalde
TEL.:
03334/275960000
FAX.:
03334/27596132
Limited partner:
REpower Investitions- &
Projektierungsgesellschaft mbH & Co. KG
Münchberg/Laubersreuth
Hollesenstr. 15
D
24768 Rendsburg
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total
cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg.
data: 04.11.2003
Local court 24114 Kiel
HRA 1787 RD
Shareholder:
PowerBlades GmbH
Seewindstr. 4
D
27572 Bremerhaven
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 625,000.00
Share: EUR 625,000.00
Reg.
data: 25.03.2008
Local court 28195 Bremen
HRB 5254 BHV
Shareholder:
REpower Betriebs- und
Beteiligungsgesellschaft mbH
Provianthausstr. 9
D
24768 Rendsburg
Legal
form: Private limited company
Company Status: active
Share capital: EUR 25,600.00
Share: EUR 25,600.00
Reg.
data: 24.08.1998
Local court 24114 Kiel
HRB 1955 RD
Shareholder:
WEL
Windenergie Logistik GmbH
Überseering 10 ( Oval Office )
D
22297 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 06.02.2012
Local court 20355 Hamburg
HRB 121748
Shareholder:
REpower Windpark Betriebs GmbH
Überseering 10 /Oval Office
D
22297 Hamburg
Legal form:
Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 08.05.2008
Local court
20355 Hamburg
HRB 105265
Shareholder:
REpower Systems GmbH
Überseering 10 ( Oval Office )
D
22297 Hamburg
Legal form: Private limited
company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 17.07.2009
Local court 20355 Hamburg
HRB 110242
Shareholder:
Windpark Finsterwalde GmbH
Nobelstr. 11
D
03238 Massen
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 51,129.20
Share: EUR 15,338.76
Reg. data: 02.06.1997
Local court 03044 Cottbus
HRB 4791 CB
Shareholder:
RETC
Renewable Energy Technology Centre GmbH
Überseering 10
D 22297 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Reg.
data: 23.08.2007
Local court 20355 Hamburg
HRB 102156
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Überseering
10 ( Oval Office )
D 22297 Hamburg
Real Estate of: Matthias
Schubert
Type of ownership: Tenant
Address Wilhelmstr.
10
D 24768 Rendsburg
Land register documents
were not available.
UNICREDIT BANK -
HYPOVEREINSBANK, RENDSBURG
Sort. code: 20030000, BIC:
HYVEDEMM300
COMMERZBANK, HAMBURG
Sort. code: 20040000, BIC:
COBADEHHXXX
Turnover: 2010/2011 EUR 1,048,749,388.00
2011/2012 EUR 1,169,020,722.00
Profit: 2011/2012 EUR 19,370,876.00
further business figures:
Equipment: EUR 16,078,770.00
Ac/ts receivable: EUR 339,861,760.00
Liabilities: EUR 738,841,139.00
Real estate of the firm: EUR 65,060,956.00
Employees:
1,288
Balance sheet ratios 01.04.2011 -
31.03.2012
Equity ratio [%]: 29.14
Liquidity ratio: 0.62
Return on total capital [%]: 1.41
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 32.68
Liquidity ratio: 0.61
Return on total capital [%]: 0.80
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 28.54
Liquidity ratio: 0.97
Return on total capital [%]: 2.33
Balance sheet ratios 01.04.2008 - 31.03.2009
Equity ratio [%]: 27.12
Liquidity ratio: 1.03
Return on total capital [%]: 4.07
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: 01.04.2011 - 31.03.2012
ASSETS EUR 1,378,639,031.00
Fixed assets EUR 206,868,149.00
Intangible assets EUR 3,331,726.00
Concessions, licences, rights EUR 3,331,726.00
Tangible assets EUR 138,801,601.00
Land / similar rights EUR
65,060,956.00
Plant / machinery EUR 41,698,321.00
Other tangible assets / fixtures and
fittings EUR 16,078,770.00
Advance payments made / construction
in progress EUR 15,963,554.00
Financial assets EUR 64,734,822.00
Shares in participations /
subsidiaries and the like EUR 26,965,419.00
Shares in related companies EUR 24,744,124.00
Shares in investee companies EUR 2,221,295.00
Loans to participations /
subsidiaries and the like EUR 37,769,403.00
Loans to related companies EUR 37,769,403.00
Current assets EUR 1,154,740,626.00
Stocks EUR 625,434,814.00
Raw materials, consumables and
supplies EUR 360,813,932.00
Finished goods / work in progress EUR
205,038,584.00
Advance payments made EUR 59,582,298.00
Accounts receivable EUR 339,861,760.00
Trade debtors EUR 100,053,871.00
Amounts due from related companies
EUR 128,273,499.00
Other debtors and assets EUR 111,534,390.00
Liquid means EUR 189,444,052.00
Remaining other assets EUR 17,030,256.00
Accruals (assets) EUR 17,030,256.00
LIABILITIES EUR 1,378,639,031.00
Shareholders' equity EUR 401,745,253.00
Capital EUR 9,220,179.00
Subscribed capital (share capital) EUR
9,220,179.00
Reserves EUR 291,215,200.00
Capital reserves EUR 291,215,200.00
Balance sheet profit/loss (+/-) EUR 101,309,874.00
Profit / loss brought forward EUR 81,938,999.00
Annual surplus / annual deficit EUR 19,370,875.00
Provisions EUR 222,457,358.00
Provisions for taxes EUR 5,043,963.00
Other / unspecified provisions EUR 217,413,395.00
Liabilities EUR 738,841,139.00
Financial debts EUR 34,967,958.00
Liabilities due to banks EUR 34,967,958.00
Other liabilities EUR 703,873,181.00
Trade creditors (for IAS incl. bills
of exchange) EUR 239,962,532.00
Liabilities from received advance
payments EUR 431,696,234.00
Liabililties due to related
companiesEUR 22,391,458.00
Liabilities due to investee
companiesEUR 833,493.00
Unspecified other liabilities EUR 8,989,464.00
thereof liabilities from tax /
financial authorities EUR 1,402,715.00
thereof liabilities from social
security EUR 3,734.00
Other liabilities EUR 15,595,281.00
Deferrals (liabilities) EUR 15,595,281.00
Guarantees and other commitments EUR 11,300,000.00
Guarantees / warranties EUR 11,300,000.00
Guarantees EUR 11,300,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 1,169,020,722.00
Inventory change + own costs (+/-) EUR
281,427,789.00
Inventory change (+/-) EUR 281,427,789.00
Other operating income EUR 63,168,632.00
Cost of materials EUR 1,247,046,443.00
Raw materials and supplies, purchased
goods EUR 985,379,128.00
Purchased services EUR 261,667,315.00
Gross result (+/-) EUR 266,570,700.00
Staff expenses EUR 84,811,165.00
Wages and salaries EUR 72,287,592.00
Social security contributions and
expenses for pension plans and
benefits EUR 12,523,573.00
Total depreciation EUR 19,549,132.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 19,549,132.00
Other operating expenses EUR 127,875,537.00
Operating result from continuing
operations EUR 34,334,866.00
Result from participating interests
(+/-) EUR 3,850,442.00
Expenses / income from participations
EUR 3,850,442.00
Income from transfer of profits EUR 179,765.00
Income from related companies EUR 3,670,677.00
Interest result (+/-) EUR -4,411,664.00
Interest and similar income EUR 7,493,467.00
thereof from related companies EUR 4,945,625.00
Interest and similar expenses EUR 11,905,131.00
thereof paid to related companies EUR 226,800.00
Other financial result EUR -5,307,815.00
Depreciation on financial assets and
marketable securities EUR 5,307,815.00
Financial result (+/-) EUR -5,869,037.00
Result from ordinary operations (+/-) EUR
28,465,829.00
Income tax / refund of income tax
(+/-)EUR -8,860,508.00
Other taxes / refund of taxes EUR -234,446.00
Tax (+/-) EUR -9,094,954.00
Annual surplus / annual deficit EUR 19,370,875.00
Type of
balance
sheet: Company balance sheet
Financial year: 01.04.2010 - 31.03.2011
ASSETS EUR 1,207,577,108.00
Fixed assets EUR 209,324,830.00
Intangible assets EUR 4,656,960.00
Concessions, licences, rights EUR 4,656,960.00
Tangible assets EUR 124,673,501.00
Land / similar rights EUR 64,824,287.00
Plant / machinery EUR 33,336,499.00
Other tangible assets / fixtures and
fittings EUR 13,930,625.00
Advance payments made / construction
in progress EUR 12,582,090.00
Financial assets EUR 79,994,369.00
Shares in participations /
subsidiaries and the like EUR 32,119,363.00
Shares in related companies EUR 29,939,252.00
Shares in investee companies EUR 2,180,111.00
Loans to participations /
subsidiaries and the like EUR 47,875,006.00
Loans to related companies EUR 47,875,006.00
Current assets EUR 993,886,107.00
Stocks EUR 481,038,185.00
Raw materials, consumables and
supplies EUR 273,983,146.00
Finished goods / work in progress EUR
173,097,877.00
Advance payments made EUR 33,957,162.00
Accounts receivable EUR 211,364,646.00
Trade debtors EUR 71,125,292.00
Amounts due from related companies EUR
39,774,162.00
Amounts due from investee companies EUR
450,000.00
Other debtors and assets EUR 100,015,192.00
Liquid means EUR 301,483,276.00
Remaining other assets EUR 4,366,171.00
Accruals (assets) EUR 4,366,171.00
LIABILITIES EUR 1,207,577,108.00
Shareholders' equity EUR 396,204,646.00
Capital EUR 9,220,179.00
Subscribed capital (share capital) EUR
9,220,179.00
Reserves EUR 291,215,200.00
Capital reserves EUR 291,215,200.00
Balance sheet profit/loss (+/-) EUR 95,769,267.00
Profit / loss brought forward EUR 82,770,741.00
Annual surplus / annual deficit EUR
12,998,526.00
Provisions EUR 155,084,693.00
Provisions for taxes EUR 13,963.00
Other / unspecified provisions EUR 155,070,730.00
Liabilities EUR 646,529,319.00
Financial debts EUR 50,461,268.00
Liabilities due to banks EUR 40,461,268.00
Loans / obligations / debentures EUR
10,000,000.00
Other liabilities EUR 596,068,051.00
Trade creditors (for IAS incl. bills
of exchange) EUR 155,256,879.00
Liabilities from received advance
payments EUR 394,838,649.00
Liabililties due to related
companiesEUR 34,621,607.00
Unspecified other liabilities EUR 11,350,916.00
thereof liabilities from tax /
financial authorities EUR 1,152,974.00
thereof liabilities from social
security EUR 19,326.00
Other liabilities EUR 9,758,450.00
Deferrals (liabilities) EUR 9,758,450.00
Guarantees and other commitments EUR 10,700,000.00
Guarantees / warranties EUR 10,700,000.00
Guarantees EUR 10,700,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 1,048,749,388.00
Inventory change + own costs (+/-) EUR
120,149,426.00
Inventory change (+/-) EUR 120,149,426.00
Other operating income EUR 30,623,017.00
Cost of materials EUR 969,158,134.00
Raw materials and supplies, purchased
goods EUR 759,901,369.00
Purchased services EUR 209,256,765.00
Gross result (+/-) EUR 230,363,697.00
Staff expenses EUR 76,732,230.00
Wages and salaries EUR 64,158,044.00
Social security contributions and
expenses for pension plans and
benefits EUR 12,574,186.00
Total depreciation EUR 16,997,736.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 16,997,736.00
Other operating expenses EUR 111,458,679.00
Operating result from continuing
operations EUR 25,175,052.00
Interest result (+/-) EUR -1,279,799.00
Interest and similar income EUR 10,084,127.00
thereof from related companies EUR 4,156,975.00
Interest and similar expenses EUR 11,363,926.00
thereof paid to related companies EUR 0.00
Other financial result EUR -6,000,978.00
Income from securities and loans from
financial assets EUR 4,534.00
Depreciation on financial assets and
marketable securities EUR 6,005,512.00
Financial result (+/-) EUR -7,280,777.00
Result from ordinary operations (+/-) EUR
17,894,275.00
Income from assumption of loss by
parent company EUR 3,375,156.00
Income tax / refund of income tax
(+/-)EUR -8,121,536.00
Other taxes / refund of taxes EUR -149,369.00
Tax (+/-) EUR -8,270,905.00
Annual surplus / annual deficit
EUR 12,998,526.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
UK Pound |
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.83.14 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational
base are regarded healthy. General unfavourable factors will not cause fatal
effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to
assess SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.