MIRA INFORM REPORT

 

 

Report Date :

18.08.2014              

 

IDENTIFICATION DETAILS

 

Name :

Renolite SE

 

 

Registered Office :

Horchheimer Str. 50, D 67547 Worms

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

30.12.1948

 

 

Com. Reg. No.:

HRB 43201

 

 

Legal Form :

European Company (SE)

 

 

Line of Business :

Manufacture of Other Plastic Products.

 

 

No. of Employees :

1,786

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Germany

A1

A1

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 and Address

 

Renolit SE

 

 Company Status:      Active

                      Horchheimer Str. 50

                      D 67547 Worms

                      Telephone:06241/3030

                      Telefax:  06241/38058

                      Homepage: www.renolit.com

                      E-mail:   info@renolit.com

 

 

VAT no.           

 

 DE811173179

 

 

Tax ID number      

 

44/674/0005/8

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Comapny Summary

 

 LEGAL FORM           European Company (SE)

 Date of foundation:  30.12.1948

 Registered on:       01.03.2011

 Commercial Register: Local court 55116 Mainz

 under:               HRB 43201

 

 

Share capital                       

 

EUR         22,000,000.00

 

 

Shareholder

                      JM Holding GmbH & Co. KGaA

                      Horchheimer Str. 50

                      D 67547 Worms

                      Post Box:

                      19 40, D 67509 Worms

                      Legal form: Partnership limited by shares

                      Share capital:     EUR         52,000,000.00

                      Registered on: 02.01.2003

                      Reg. data: 55116 Mainz, HRB 12282

 President of the Board of Directors:

                      Michael Thomas Kundel

                      Rothrockstr. 45

                      D 67549 Worms

                      authorized to jointly represent the company

                      born: 06.05.1964

                      Marital status: married

 Member of the Board of Directors:

                      Dr. Axel Hellmut Bruder

                      Guggmühleweg 22

                      D 79410 Badenweiler

                      authorized to jointly represent the company

                      born: 21.03.1957

 Member of the Board of Directors:

                      Pierre Paul Marius Winant

                      Freiherr-vom-Stein-Str. 48

                      B 60323 Frankfurt

                      authorized to jointly represent the company

                      born: 05.01.1957

                      Marital status: unknown

 President of the Supervisory Board:

                      Dipl.-Ing. Dieter Dengl

                      Friedensring 14

                      D 67227 Frankenthal

                      born: 20.10.1943

                      Profession: Engineer

 Member of the Supervisory Board:

                      Hans-Joachim Gozdowski

                      Lessingstr. 65

                      D 55543 Bad Kreuznach

                      born: 04.06.1944

                      Marital status: married

 Member of the Supervisory Board:

                      Ullrich Theo Eberhard Backhaus

                      In den Neunmorgen 37

                      D 67551 Worms

                      born: 10.10.1945

                      Profession: Businessman

                      Marital status: married

 Member of the Supervisory Board:

                      Andreas Lang

                      Zehdenicker Str. 8b

                      D 10119 Berlin

                      born: 20.08.1973

                      Profession: Solicitor

 Member of the Supervisory Board:

                      Hilmi Akkurt

                      Appenzeller Str. 97

                      D 81475 München

                      born: 01.06.1963

                      Marital status: unknown

 Member of the Supervisory Board:

                      Reinhard Westhäuser

                      Im Mühlengrund 42

                      D 67551 Worms

                      born: 25.09.1967

                      Marital status: unknown

 Proxy:

                      Dr.-Ing. Jochen Hauck

                      D 38300 Wolfenbüttel

                      authorized to jointly represent the company

                      born: 08.03.1969

                      Marital status: single

 Proxy:

                      Peter Selk

                      D 67547 Worms

                      authorized to jointly represent the company

                      born: 01.08.1954

 Proxy:

                      Thomas Salzer

                      D 67245 Lambsheim

                      authorized to jointly represent the company

                      born: 06.05.1963

 Proxy:

                      Gerald Christian Reinisch

                      Dr. Kausch-Str. 17

                      D 67251 Freinsheim

                      authorized to jointly represent the company

                      born: 25.10.1959

 Proxy:

                      Frank Severin

                      D 86916 Kaufering

                      authorized to jointly represent the company

                      born: 18.10.1956

 Proxy:

                      Wilfried Gutzler

                      Dalbergstr. 8

                      D 67599 Gundheim

                      authorized to jointly represent the company

                      born: 03.09.1952

 Proxy:

                      Stefan Friedrich

                      D 66955 Beckenhof

                      authorized to jointly represent the company

                      born: 18.04.1967

 Proxy:

                      Heinz Gerber

                      D 64653 Lorsch

                      authorized to jointly represent the company

                      born: 29.12.1952

 Proxy:

                      Volker Wilde

                      D 82140 Olching

                      authorized to jointly represent the company

                      born: 20.10.1960

 Proxy:

                      Petra Hartmann

                      D 86150 Augsburg

                      authorized to jointly represent the company

                      born: 15.06.1961

 Proxy:

                      Joachim Meissl

                      D 82131 Gauting

                      authorized to jointly represent the company

                      born: 12.09.1961

 Proxy:

                      Sandra Gerber

                      D 64653 Lorsch

                      authorized to jointly represent the company

                      born: 14.04.1974

 Proxy:

                      Rainer Lückheide

                      D 80331 München

                      authorized to jointly represent the company

                      born: 11.04.1974

 Proxy:

                      Hans Halter

                      D 83080 Oberaudorf

                      authorized to jointly represent the company

                      born: 21.04.1964

 Proxy:

                      Mario Karsten Jänicke

                      D 69469 Weinheim

                      authorized to jointly represent the company

                      born: 01.03.1968

                      Marital status: unknown

 Proxy:

                      Sven Behrendt

                      D 76646 Bruchsal

                      authorized to jointly represent the company

                      born: 26.09.1968

 Proxy:

                      Wolf-Henning Christian Daum

                      D 67346 Speyer

                      authorized to jointly represent the company

                      born: 28.05.1965

 Proxy:

                      Herbert Leier

                      D 84431 Heldenstein

                      authorized to jointly represent the company

                      born: 30.03.1952

 Proxy:

                      Hans Stautner

                      D 83512 Wasserburg

                      authorized to jointly represent the company

                      born: 27.05.1951

 Proxy:

                      Hans-Jürgen Aumüller

                      D 67575 Eich

                      authorized to jointly represent the company

                      born: 25.01.1950

 Proxy:

                      Martin André Klinkert

                      D 37176 Nörten-Hardenberg

                      authorized to jointly represent the company

                      born: 13.09.1962

 Proxy:

                      Hans-Joachim Wiemer

                      D 67551 Worms

                      authorized to jointly represent the company

                      born: 21.03.1961

                      Marital status: unknown

 Proxy:

                      Siegfried Neumann

                      D 67549 Worms

                      authorized to jointly represent the company

                      born: 22.04.1973

                      Marital status: unknown

 Proxy:

                      Arndt Heinz Ehrlich

                      D 67549 Worms

                      authorized to jointly represent the company

                      born: 23.07.1956

                      Marital status: unknown

 

 Further functions/participations of Michael Thomas Kundel

 (President of the Board of Directors)

 Manager:

                      Renolit Frankenthal Verwaltungs GmbH

                      Franz-Nissl-Str. 2

                      D 67227 Frankenthal

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         05.08.1997

                      Reg. data:  67061 Ludwigshafen, HRB 21862

 

 Further functions/participations of Dr. Axel Hellmut Bruder

 (Member of the Board of Directors)

 Manager:

                      Renolit Frankenthal Verwaltungs GmbH

                      Franz-Nissl-Str. 2

                      D 67227 Frankenthal

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         05.08.1997

                      Reg. data:  67061 Ludwigshafen, HRB 21862

 President of the Board of Directors:

                      Arbeitsgemeinschaft PVC und Umwelt e.V.

                      Am Hofgarten 1-2

                      D 53113 Bonn

                      Legal form: Registered association

                      Registered

                      on:         22.08.1988

                      Reg. data:  53111 Bonn, VR 5681

 

 

COMPANY HISTORY

 

 30.12.1948 - 22.06.1998  Elastonwerk Bayern GmbH

                          Reichenberger Str. 6-8

                          D 84478 Waldkraiburg

                          Private limited company

 22.06.1998 - 01.01.2003  Renolit-Werke GmbH

                          Horchheimer Str. 50

                          D 67547 Worms

                          Private limited company

 02.01.2003 - 01.03.2011  Renolit AG

                          Horchheimer Str. 50

                          D 67547 Worms

                          Public limited company

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

2229    Manufacture of other plastic products

46743   Wholes of metal and plastic goods for construction purposes

4675    Wholesale of chemical products

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Renolit SE

                      Franz-Nissl-Str. 2

                      D 67227 Frankenthal

                      TEL.: 06233/3210

                      FAX.: 06233/3211745

 Branch:

                      Renolit SE

                      Reichenberger Str. 4

                      D 84478 Waldkraiburg

 Branch:

                      Renolit SE

                      Reichenberger Str. 6

                      D 84478 Waldkraiburg

                      TEL.: 08638/60030

 Branch:

                      Renolit SE

                      Fabrikstr. 24-28

                      D 83101 Rohrdorf

                      Reg. entry: 08.05.2012

 Branch:

                      Renolit SE

                      Morgensternstr. 9

                      D 81479 München

                      TEL.: 089/74917-0

                      Reg. entry: 08.05.2012

 

 

PARTICIPATIONS

 

Limited partner:

                      Renolit Frankenthal GmbH & Co. KG

                      Franz-Nissl-Str. 2

                      D 67227 Frankenthal

                      Post Box:

                      20 64

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: dormant

                      since:          01.01.2004

                      Total cap.         EUR            900,000.00

                      contribution:

                      Share:             EUR            900,000.00

                      Reg. data:  08.10.1997

                                  Local court 67061 Ludwigshafen

                                  HRA 21473

 Shareholder:

                      Renolit Frankenthal Verwaltungs GmbH

                      Franz-Nissl-Str. 2

                      D 67227 Frankenthal

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  05.08.1997

                                  Local court 67061 Ludwigshafen

                                  HRB 21862

 

 

FINANCIAL INFORMATION

 

 Payment experience:  takes advantage of cash discount

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2012

 

 

REAL ESTATE

 

Type of ownership:         Tenant

 Address                       Horchheimer Str. 50

                                    D 67547 Worms

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal banks

 COMMERZBANK, 67501 WORMS

 Sort. code: 55340041, Account no.: 387410400

 BIC: COBADEFFXXX, IBAN: DE84553400410387410400

 DEUTSCHE BANK, 68161 MANNHEIM

 Sort. code: 67070010, Account no.: 037770500

 BIC: DEUTDESMXXX, IBAN: DE29670700100037770500

 

 

FINANCIAL FIGURES

 

 Turnover:            2012               EUR        409,333,476.00

 Profit:              2012               EUR         18,013,169.00

 Ac/ts receivable:                       EUR         73,177,909.00

 Liabilities:                            EUR        142,844,709.00

 Employees:                                                  1,786

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                        43.00

 Liquidity ratio:                           0.62

 Return on total capital [%]:       4.15

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                        52.54

 Liquidity ratio:                           0.50

 Return on total capital [%]:        -10.07

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                        59.45

 Liquidity ratio:                           0.73

 Return on total capital [%]:       2.20

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                        58.09

 Liquidity ratio:                            0.74

 Return on total capital [%]:       3.53

 

 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:                          01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR        433,733,193.44

  Fixed assets                           EUR        287,398,420.46

   Intangible assets                     EUR          2,347,843.72

    Concessions, licences, rights        EUR          2,347,843.72

   Tangible assets                       EUR         62,865,306.93

    Advance payments made / construction

    in progress                          EUR         62,865,306.93

   Financial assets                      EUR        222,185,269.81

    Shares in participations /

    subsidiaries and the like            EUR        222,185,269.81

     Shares in investee companies        EUR        222,185,269.81

  Current assets                         EUR        146,309,176.24

   Stocks                                EUR         47,888,679.33

    Finished goods / work in progress    EUR         47,888,679.33

   Accounts receivable                   EUR         73,177,908.62

    Other debtors and assets             EUR         73,177,908.62

   Liquid means                          EUR         25,242,588.29

  Remaining other assets                 EUR             25,596.74

   Accruals (assets)                     EUR             25,596.74

 

 LIABILITIES                             EUR        433,733,193.44

  Shareholders' equity                   EUR        186,496,362.13

   Capital                               EUR         22,000,000.00

    Subscribed capital (share capital)   EUR         22,000,000.00

   Reserves                              EUR         92,651,675.25

    Capital reserves                     EUR         90,451,675.25

    Retained earnings / revenue reserves EUR          2,200,000.00

   Balance sheet profit/loss (+/-)       EUR         71,844,686.88

    Profit / loss brought forward        EUR         53,831,518.11

    Annual surplus / annual deficit      EUR         18,013,168.77

  Provisions                             EUR        104,346,836.00

   Pension provisions and comparable

   provisions                            EUR         51,626,769.83

   Provisions for taxes                  EUR          9,508,577.00

   Other / unspecified provisions        EUR         43,211,489.17

  Liabilities                            EUR        142,844,709.47

   Financial debts                       EUR        116,500,000.00

    Liabilities due to banks             EUR        116,500,000.00

   Other liabilities                     EUR         26,344,709.47

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         14,341,308.12

    Liabililties due to related companiesEUR          9,333,462.49

    Unspecified other liabilities        EUR          2,669,938.86

     thereof liabilities from tax /

     financial authorities               EUR          1,494,636.71

     thereof liabilities from social

     security                            EUR             56,019.32

  Other liabilities                      EUR             45,285.84

   Deferred taxes (not included under

   provisions/liabilities)               EUR             45,285.84

  Guarantees and other commitments       EUR         50,130,493.00

   Guarantees / warranties               EUR         50,130,493.00

    Guarantees                           EUR         50,130,493.00

 

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

 Code (HGB)

  Sales                                  EUR        409,333,476.35

  Inventory change + own costs (+/-)     EUR         -4,724,372.33

   Inventory change (+/-)                EUR         -4,724,372.33

  Other operating income                 EUR         25,326,895.22

  Cost of materials                      EUR        184,755,600.01

   Raw materials and supplies, purchased

   goods                                 EUR        184,633,814.33

   Purchased services                    EUR            121,785.68

  Gross result (+/-)                     EUR        245,180,399.23

  Staff expenses                         EUR        116,548,164.11

   Wages and salaries                    EUR         97,164,488.36

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR         19,383,675.75

  Total depreciation                     EUR         17,532,289.09

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR         17,532,289.09

  Other operating expenses               EUR         62,321,425.32

  Operating result from continuing

  operations                             EUR         48,778,520.71

  Result from participating interests

  (+/-)                                  EUR          3,412,497.04

   Expenses / income from participations EUR          3,412,497.04

    Income from related companies        EUR          3,412,497.04

  Interest result (+/-)                  EUR         -3,769,697.95

   Interest and similar income           EUR          3,164,925.42

    thereof from related companies       EUR          2,507,378.69

   Interest and similar expenses         EUR          6,934,623.37

  Other financial result                 EUR        -11,487,302.79

   Income from securities and loans from

   financial assets                      EUR              3,661.86

    thereof related companies            EUR              3,661.86

   Depreciation on financial assets and

   marketable securities                 EUR         11,490,964.65

  Financial result (+/-)                 EUR        -11,844,503.70

  Result from ordinary operations (+/-)  EUR         36,934,017.01

  Income tax / refund of income tax (+/-)EUR        -18,532,446.63

  Other taxes / refund of taxes          EUR           -388,401.61

  Tax (+/-)                              EUR        -18,920,848.24

  Annual surplus / annual deficit        EUR         18,013,168.77

 

 

 Type of balancesheet:                    Company balance sheet

 

 Financial year:                          01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR        358,810,994.07

  Fixed assets                           EUR        260,362,857.54

   Intangible assets                     EUR          1,413,409.00

    Concessions, licences, rights        EUR          1,413,409.00

   Tangible assets                       EUR         25,869,799.79

    Land / similar rights                EUR            200,726.08

    Plant / machinery                    EUR         16,260,094.00

    Other tangible assets / fixtures and

    fittings                             EUR          7,078,582.83

    Advance payments made / construction

    in progress                          EUR          2,330,396.88

   Financial assets                      EUR        233,079,648.75

    Shares in participations /

    subsidiaries and the like            EUR        169,529,820.10

     Shares in related companies         EUR        168,549,820.10

     Shares in investee companies        EUR            980,000.00

    Loans to participations /

    subsidiaries and the like            EUR         63,549,828.65

     Loans to related companies          EUR         63,549,828.65

  Current assets                         EUR         98,448,136.53

   Stocks                                EUR         35,676,779.39

    Raw materials, consumables and

    supplies                             EUR         19,623,475.79

    Finished goods / work in progress    EUR         16,053,303.60

   Accounts receivable                   EUR         61,526,188.79

    Trade debtors                        EUR         23,185,577.46

    Amounts due from related companies   EUR         32,126,837.30

    Other debtors and assets             EUR          6,213,774.03

   Liquid means                          EUR          1,245,168.35

 

 LIABILITIES                             EUR        358,810,994.07

  Shareholders' equity                   EUR        188,503,193.36

   Capital                               EUR         22,000,000.00

    Subscribed capital (share capital)   EUR         22,000,000.00

   Reserves                              EUR         92,651,675.25

    Capital reserves                     EUR         90,451,675.25

    Retained earnings / revenue reserves EUR          2,200,000.00

   Balance sheet profit/loss (+/-)       EUR         73,851,518.11

    Profit / loss brought forward        EUR        112,159,222.19

    Annual surplus / annual deficit      EUR        -38,307,704.08

  Provisions                             EUR         46,331,155.40

   Pension provisions and comparable

   provisions                            EUR          9,953,875.26

   Provisions for taxes                  EUR          2,639,500.00

   Other / unspecified provisions        EUR         33,737,780.14

  Liabilities                            EUR        123,976,645.31

   Financial debts                       EUR         71,500,000.00

    Liabilities due to banks             EUR         71,500,000.00

   Other liabilities                     EUR         52,476,645.31

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         10,155,059.46

    Liabililties due to related companiesEUR         39,329,740.55

    Unspecified other liabilities        EUR          2,991,845.30

     thereof liabilities from tax /

     financial authorities               EUR          1,059,589.52

     thereof liabilities from social

     security                            EUR             76,355.70

  Guarantees and other commitments       EUR         70,022,522.00

   Guarantees / warranties               EUR         70,022,522.00

 

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

 Code (HGB)

  Sales                                  EUR        293,029,071.83

  Inventory change + own costs (+/-)     EUR           -443,022.10

   Inventory change (+/-)                EUR           -443,022.10

  Other operating income                 EUR         25,907,750.11

  Cost of materials                      EUR        133,955,018.42

   Raw materials and supplies, purchased

   goods                                 EUR        133,909,669.25

   Purchased services                    EUR             45,349.17

  Gross result (+/-)                     EUR        184,538,781.42

  Staff expenses                         EUR         83,895,349.85

   Wages and salaries                    EUR         70,391,592.25

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR         13,503,757.60

  Total depreciation                     EUR         10,284,194.15

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR         10,284,194.15

  Other operating expenses               EUR         57,288,068.49

  Operating result from continuing

  operations                             EUR         33,071,168.93

  Result from participating interests

  (+/-)                                  EUR            826,043.10

   Expenses / income from participations EUR            826,043.10

    Income from related companies        EUR            826,043.10

  Expenses for the transfer of losses    EUR          2,026,291.50

  Interest result (+/-)                  EUR          1,579,985.77

   Interest and similar income           EUR          4,060,851.67

    thereof from related companies       EUR          3,455,034.58

   Interest and similar expenses         EUR          2,480,865.90

    thereof paid to related companies    EUR            215,851.09

  Other financial result                 EUR        -58,269,931.74

   Income from securities and loans from

   financial assets                      EUR            887,723.64

    thereof related companies            EUR            887,723.64

   Depreciation on financial assets and

   marketable securities                 EUR         59,157,655.38

  Financial result (+/-)                 EUR        -57,890,194.37

  Result from ordinary operations (+/-)  EUR        -24,819,025.44

  Extraordinary expenses                 EUR          2,176,000.00

  Extraordinary result (+/-)             EUR         -2,176,000.00

  Income tax / refund of income tax (+/-)EUR        -11,136,942.78

  Other taxes / refund of taxes          EUR           -175,735.86

  Tax (+/-)                              EUR        -11,312,678.64

  Annual surplus / annual deficit        EUR        -38,307,704.08

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.06

UK Pound

1

Rs.101.84

Euro

1

Rs.81.56

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.