MIRA INFORM REPORT

 

 

Report Date :

17.06.2014

 

IDENTIFICATION DETAILS

 

Name :

ROBERT THOMAS METALL- UND ELEKTROWERKE GMBH & CO. KG

 

 

Registered Office :

Hellerstr. 6 D 57290 Neunkirchen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

20.07.1920

 

 

Legal Form :

Ltd partnership

 

 

Line of Business :

Manufacture of electric domestic appliances.

 

 

No. of Employees

301

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

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

 

ROBERT THOMAS METALL- UND ELEKTROWERKE GMBH & CO. KG

 

 Company Status:         active

Hellerstr. 6

D 57290 Neunkirchen

Telephone:02735/788-0

Telefax:  02735/788-659

Homepage: www.robert-thomas.de

E-mail:   info@robert-thomas.de

 

 VAT no.:                      DE126576080

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:      01.01.1900

 Registered on:             20.07.1920

 Register of

 companies:                  Local court 57072 Siegen

 under:                          HRA 4941

 

 Total cap. contribution:                EUR          1,990,000.00

 

 Limited partner:

                      Rudolf Appel

                      Krähhahnstr. 4

                      D 34131 Kassel

                      born: 08.10.1929

                      Share:             EUR            190,484.25

 Limited partner:

                      Rosita Appel

                      D 34117 Kassel

                      born: 19.05.1948

                      Share:             EUR            186,460.24

 Limited partner:

                      Brigitte Marianne Thomas

                      D 57548 Kirchen

                      born: 05.03.1950

                      Share:             EUR            148,336.60

 Limited partner:

                      Elisabeth Thomas

                      D 40670 Meerbusch

                      born: 08.10.1951

                      Share:             EUR            148,336.40

 Limited partner:

                      Eberhard Thomas

                      D 57548 Kirchen

                      born: 09.09.1955

                      Share:             EUR            148,336.40

 Limited partner:

                      Ulrike Mirus

                      D 57290 Neunkirchen

                      born: 09.04.1970

                      Share:             EUR            125,916.31

 Limited partner:

                      Alfred Thomas

                      Gerberweg 13

                      D 57290 Neunkirchen

                      born: 19.10.1929

                      Share:             EUR            115,702.40

 Limited partner:

                      Babara Thomas

                      D 34130 Kassel

                      born: 30.06.1953

                      Share:             EUR             74,168.20

 Limited partner:

                      Bernhard Thomas

                      Königsberger Str. 12

                      D 57290 Neunkirchen

                      born: 09.05.1950

                      Share:             EUR             52,977.20

 Limited partner:

                      Dietrich Thomas

                      Görlitzer Str. 3

                      D 57290 Neunkirchen

                      born: 08.05.1953

                      Share:             EUR             46,408.20

 Limited partner:

                      Brigitte Noß

                      D 76275 Ettlingen

                      born: 12.08.1942

                      Share:             EUR             37,084.60

 Limited partner:

                      Dr. Eberhard Bohn

                      Waldenburger Str. 4

                      D 23617 Stockelsdorf

                      born: 16.03.1964

                      Share:             EUR             37,084.15

 Limited partner:

                      Elisabeth Rottmann

                      D 53175 Bonn

                      born: 04.09.1948

                      Share:             EUR             37,084.15

 Limited partner:

                      Charlotte Bohn

                      D 53125 Bonn

                      born: 31.08.1950

                      Share:             EUR             37,084.15

 Limited partner:

                      Dr. Willi Leßmann

                      Flurstr. 28c

                      D 44791 Bochum

                      born: 30.04.1954

                      Share:             EUR             37,084.10

 Limited partner:

                      Juliane Leßmann

                      Flurstr. 28c

                      D 44791 Bochum

                      born: 01.07.1955

                      Share:             EUR             37,084.10

 Limited partner:

                      Dorothea Heraus

                      D 51674 Wiehl

                      born: 01.06.1949

                      Share:             EUR             37,084.00

 Limited partner:

                      Klaus Thomas

                      D 34117 Kassel

                      born: 12.10.1952

                      Share:             EUR             31,786.40

 Limited partner:

                      Daniel Polley

                      D 34246 Vellmar

                      born: 16.01.1966

                      Share:             EUR             31,786.40

 Limited partner:

                      Ruth Gnielinski-Thomas

                      D 34246 Vellmar

                      born: 22.07.1954

                      Share:             EUR             31,786.40

 Limited partner:

                      Egbert Brockhaus

                      Markscheiderhof 38

                      D 45481 Mülheim

                      born: 24.01.1952

                      Share:             EUR             29,667.28

 Limited partner:

                      Dorothea Wenger

                      CH 3722 Scharnachtal

                      born: 22.01.1951

                      Share:             EUR             29,667.28

 Limited partner:

                      Rudolf Thomas

                      CH 5630 Muri

                      born: 20.07.1955

                      Share:             EUR             29,667.28

 Limited partner:

                      Gerhard Thomas

                      D 79424 Auggen

                      born: 17.06.1958

                      Share:             EUR             29,667.28

 Limited partner:

                      Bernd Thomas

                      D 45470 Mülheim

                      born: 03.02.1962

                      Share:             EUR             29,667.28

 Limited partner:

                      Marianne Jesse

                      D 45239 Essen

                      born: 24.01.1952

                      Share:             EUR             27,084.00

 Limited partner:

                      Karin Thomas

                      D 23858 Wesenberg

                      born: 09.10.1954

                      Share:             EUR             24,722.70

 Limited partner:

                      Paul-Gerhard Thomas

                      Haldenweg 1

                      D 57290 Neunkirchen

                      born: 29.01.1964

                      Share:             EUR             24,722.70

 Limited partner:

                      Rolf Thomas

                      In der Baumschule 23

                      D 65719 Hofheim

                      born: 07.05.1958

                      Share:             EUR             24,722.70

 Limited partner:

                      Ingrid Thomas

                      D 57290 Neunkirchen

                      born: 26.02.1953

                      Share:             EUR             24,722.70

 Limited partner:

                      Martin Thomas

                      CH 9435 Heerbrugg

                      born: 16.05.1960

                      Share:             EUR             24,722.70

 Limited partner:

                      Claudia Semper

                      D 57076 Siegen

                      born: 20.04.1957

                      Share:             EUR             24,722.70

 Limited partner:

                      Benjamin Noß

                      Zum Kreuzblick 14

                      D 67551 Worms

                      born: 15.08.1987

                      Share:             EUR             18,542.30

 Limited partner:

                      Maximilian Noß

                      Zum Kreuzblick 14

                      D 67551 Worms

                      born: 15.08.1987

                      Share:             EUR             18,542.30

 Limited partner:

                      Jens Michael Bohn

                      Brügger Hof 16a

                      D 49124 Georgsmarienhütte

                      born: 25.08.1973

                      Share:             EUR              8,900.20

 Limited partner:

                      Anna Katharina Bohn

                      Stiftsgasse 8

                      D 53111 Bonn

                      born: 07.07.1985

                      Share:             EUR              8,900.20

 Limited partner:

                      Dominik Bohn

                      D 53227 Bonn

                      born: 23.01.1975

                      Share:             EUR              8,900.20

 Limited partner:

                      Eva-Angela Bohn

                      D 49078 Osnabrück

                      born: 03.05.1976

                      Share:             EUR              8,900.20

 Limited partner:

                      Karl-Ernst Bohn

                      An der Martinskirche 41

                      D 49078 Osnabrück

                      born: 30.01.1942

                      Share:             EUR              1,483.35

 General partner:

                      Thomas Beteiligungs-GmbH

                      Hellerstr. 6

                      D 57290 Neunkirchen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered on: 08.01.2002

                      Reg. data: 57072 Siegen, HRB 5562

 

 Shareholder:

                      Rudolf Appel

                      Krähhahnstr. 4

                      D 34131 Kassel

                      born: 08.10.1929

                      Share:             EUR              2,360.00

 Shareholder:

                      Rosita Appel

                      D 34117 Kassel

                      born: 19.05.1948

                      Share:             EUR              2,310.00

 Shareholder:

                      Brigitte Marianne Thomas

                      D 57548 Kirchen

                      born: 05.03.1950

                      Share:             EUR              1,850.00

 Shareholder:

                      Elisabeth Thomas

                      D 40670 Meerbusch

                      born: 08.10.1951

                      Share:             EUR              1,850.00

 Shareholder:

                      Eberhard Thomas

                      D 57548 Kirchen

                      born: 09.09.1955

                      Share:             EUR              1,850.00

 Shareholder:

                      Erbengemeinschaft nach Rudolf Thomas

                      Hellerstr. 6

                      D 57290 Neunkirchen

                      Legal form: Community of heirs

                      Share:             EUR              1,850.00

 Shareholder:

                      Ulrike Mirus

                      D 57290 Neunkirchen

                      born: 09.04.1970

                      Share:             EUR              1,580.00

 Shareholder:

                      Alfred Thomas

                      Gerberweg 13

                      D 57290 Neunkirchen

                      born: 19.10.1929

                      Share:             EUR              1,450.00

 Shareholder:

                      Babara Thomas

                      D 34130 Kassel

                      born: 30.06.1953

                      Share:             EUR                900.00

 Shareholder:

                      Erbengemeinschaft nach Johanna Bohn

                      Hellerstr. 6

                      D 57290 Neunkirchen

                      Legal form: Community of heirs

                      Share:             EUR                750.00

 Shareholder:

                      Bernhard Thomas

                      Königsberger Str. 12

                      D 57290 Neunkirchen

                      born: 09.05.1950

                      Share:             EUR                650.00

 Shareholder:

                      Dietrich Thomas

                      Görlitzer Str. 3

                      D 57290 Neunkirchen

                      born: 08.05.1953

                      Share:             EUR                600.00

 Shareholder:

                      Juliane Leßmann

                      Flurstr. 28c

                      D 44791 Bochum

                      born: 01.07.1955

                      Share:             EUR                500.00

 Shareholder:

                      Dr. Willi Leßmann

                      Flurstr. 28c

                      D 44791 Bochum

                      born: 30.04.1954

                      Share:             EUR                450.00

 Shareholder:

                      Brigitte Noß

                      D 76275 Ettlingen

                      born: 12.08.1942

                      Share:             EUR                450.00

 Shareholder:

                      Dorothea Heraus

                      D 51674 Wiehl

                      born: 01.06.1949

                      Share:             EUR                450.00

 Shareholder:

                      Marianne Jesse

                      D 45239 Essen

                      born: 24.01.1952

                      Share:             EUR                450.00

 Shareholder:

                      Klaus Thomas

                      D 34117 Kassel

                      born: 12.10.1952

                      Share:             EUR                400.00

 Shareholder:

                      Daniel Polley

                      D 34246 Vellmar

                      born: 16.01.1966

                      Share:             EUR                400.00

 Shareholder:

                      Ruth Gnielinski-Thomas

                      D 34246 Vellmar

                      born: 22.07.1954

                      Share:             EUR                400.00

 Shareholder:

                      Ingrid Thomas

                      D 57290 Neunkirchen

                      born: 26.02.1953

                      Share:             EUR                350.00

 Shareholder:

                      Karin Thomas

                      D 23858 Wesenberg

                      born: 09.10.1954

                      Share:             EUR                300.00

 Shareholder:

                      Paul-Gerhard Thomas

                      Haldenweg 1

                      D 57290 Neunkirchen

                      born: 29.01.1964

                      Share:             EUR                300.00

 Shareholder:

                      Dr. Eberhard Bohn

                      Waldenburger Str. 4

                      D 23617 Stockelsdorf

                      born: 16.03.1964

                      Share:             EUR                300.00

 Shareholder:

                      Rolf Thomas

                      In der Baumschule 23

                      D 65719 Hofheim

                      born: 07.05.1958

                      Share:             EUR                300.00

 Shareholder:

                      Elisabeth Rottmann

                      D 53175 Bonn

                      born: 04.09.1948

                      Share:             EUR                300.00

 Shareholder:

                      Charlotte Bohn

                      D 53125 Bonn

                      born: 31.08.1950

                      Share:             EUR                300.00

 Shareholder:

                      Martin Thomas

                      CH 9435 Heerbrugg

                      born: 16.05.1960

                      Share:             EUR                300.00

 Shareholder:

                      Claudia Semper

                      D 57076 Siegen

                      born: 20.04.1957

                      Share:             EUR                300.00

 Shareholder:

                      Maximilian Noß

                      Zum Kreuzblick 14

                      D 67551 Worms

                      born: 15.08.1987

                      Share:             EUR                250.00

 Shareholder:

                      Benjamin Noß

                      Zum Kreuzblick 14

                      D 67551 Worms

                      born: 15.08.1987

                      Share:             EUR                200.00

 Shareholder:

                      Jens Michael Bohn

                      Brügger Hof 16a

                      D 49124 Georgsmarienhütte

                      born: 25.08.1973

                      Share:             EUR                 75.00

 Shareholder:

                      Dominik Bohn

                      D 53227 Bonn

                      born: 23.01.1975

                      Share:             EUR                 75.00

 Shareholder:

                      Eva-Angela Bohn

                      D 49078 Osnabrück

                      born: 03.05.1976

                      Share:             EUR                 75.00

 Shareholder:

                      Anna Katharina Bohn

                      D 49078 Osnabrück

                      Share:             EUR                 75.00

 Manager:

                      Paul-Gerhard Thomas

                      Haldenweg 1

                      D 57290 Neunkirchen

                      having sole power of representation

                      born: 29.01.1964

                      Profession: graduate engineer

                      Marital status: married

 Proxy:

                      Bernhard Thomas

                      Königsberger Str. 12

                      D 57290 Neunkirchen

                      authorized to jointly represent the company

                      born: 09.05.1950

                      Profession: Businessman

                      Marital status: married

 

 

 ACTING PERSONS

 

 Member of the Advisory Board

                      Dietrich Thomas

                      Görlitzer Str. 3

                      D 57290 Neunkirchen

 Member of the Advisory Board

                      Hans Joachim Thomas

                      Freusburgermühle 1

                      D 57548 Kirchen

 Member of the Advisory Board

                      Rolf Thomas

                      In der Baumschule 23

                      D 65719 Hofheim

 

 

 COMPANY HISTORY

 

 20.07.1920 - 05.06.2000  Robert Thomas Metall- und Elektrowerke

                          Hellerstr. 6

                          D 57290 Neunkirchen

                          Limited partnership

 06.06.2000 - 30.04.2002  Robert Thomas Metall- und Elektrowerke

                          KG

                          D 57290 Neunkirchen

                          Limited partnership

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 27510   Manufacture of electric domestic appliances

 

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      Robert Thomas Metall- und Elektrowerke GmbH

                      & Co. KG

                      Freier-Grund-Str. 125

                      D 57299 Burbach

                      TEL.: 02735/788581

                      FAX.: 02735/788599

 

 

 PARTICIPATIONS

 

 Shareholder:

                      ROTHO GmbH

                      Hellerstr. 6

                      D 57290 Neunkirchen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             50,000.00

                      Share:             EUR             50,000.00

                      Reg. data:  24.06.2004

                                  Local court 57072 Siegen

                                  HRB 7636

 Shareholder:

                      THOMAS GmbH

                      Hellerstr. 6

                      D 57290 Neunkirchen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             50,000.00

                      Share:             EUR             50,000.00

                      Reg. data:  22.03.2011

                                  Local court 57072 Siegen

                                  HRB 9443

 Shareholder:

                      Appel Handelsgesellschaft mit beschränkter

                      Haftung, Export-Import-Großhandel

                      Freier-Grund-Str. 125

                      D 57299 Burbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  10.07.1957

                                  Local court 57072 Siegen

                                  HRB 1660

 Shareholder:

                      Appel & Co. Gesellschaft mit beschränkter

                      Haftung

                      Hellerstr. 6

                      D 57290 Neunkirchen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  10.03.1958

                                  Local court 57072 Siegen

                                  HRB 1659

 

 

 FINANCIAL INFORMATION

 

Payment experience:  cash discount/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                       Emilienstr. 13

                                     D 57290 Neunkirchen

 

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Hellerstr. 6

                                    D 57290 Neunkirchen

 

 Type of ownership:       proprietor

 Share:                          100.00 %

 Address                        Freier-Grund-Str. 125

                                     D 57299 Burbach

 

 Type of ownership:       proprietor

 Share:                          100.00 %

 Address                       Bahnhofstr.

                                    D 57290 Neunkirchen

 

 Land register documents were not available.

 

 

 BANKERS

 

 VOLKSBANK SIEGERLAND, 57274 NEUNKIRCHEN, SIEGERL

 Sort. code: 46060040

 BIC: GENODEM1SNS

 SPARKASSE BURBACH-NEUNKIRCHEN, 57290 NEUNKIRCHEN, SIEGERL

 Sort. code: 46051240

 BIC: WELADED1BUB

 DEUTSCHE BANK, 57069 SIEGEN

 Sort. code: 46070090

 BIC: DEUTDEDK460

 

 

 FINANCIAL FIGURES

 

 Turnover:            2012               EUR         57,586,232.00

                      2013               EUR         58,000,000.00

 Profit:              2012               EUR          2,661,372.00

 further business figures:

 Equipment:                              EUR          2,640,021.00

 Ac/ts receivable:                       EUR          9,245,615.00

 Liabilities:                            EUR         19,916,914.00

 Total numbers of vehicles:                                      5

 - Passenger cars:                                               5

 Employees:                                                    301

 - thereof permanent staff:                                    277

 - Trainees:                                                    24

 

 

 BALANCE SHEETS

 

 Balance sheet ratios     01.01.2012 - 31.12.2012

 Equity ratio [%]:                        73.53

 Liquidity ratio:                          10.00

 Return on total capital [%]:       513

 

 Balance sheet ratios     01.01.2011 - 31.12.2011

 Equity ratio [%]:                       71.87

 Liquidity ratio:                          10.00

 Return on total capital [%]:       4.91

 

 Balance sheet ratios     01.01.2010 - 31.12.2010

 Equity ratio [%]:                       69.35

 Liquidity ratio:                          10.00

 Return on total capital [%]:        11.16

 

 Balance sheet ratios     01.01.2009 - 31.12.2009

 Equity ratio [%]:                       68.28

 Liquidity ratio:                          10.00

 Return on total capital [%]:       0.62

 Balance sheet grade:                            2.1

 

 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         51,991,622.96

  Fixed assets                           EUR          7,350,625.21

   Intangible assets                     EUR            131,680.50

    Concessions, licences, rights        EUR             62,514.50

    Goodwill                             EUR             69,166.00

   Tangible assets                       EUR          6,265,938.80

    Land / similar rights                EUR          2,381,616.80

    Plant / machinery                    EUR            613,565.92

    Other tangible assets / fixtures and

    fittings                             EUR          2,640,020.64

    Advance payments made / construction

    in progress                          EUR            630,735.44

   Financial assets                      EUR            953,005.91

    Shares in participations /

    subsidiaries and the like            EUR            893,004.91

     Shares in related companies         EUR            891,564.91

     Shares in cooperatives              EUR              1,440.00

    Loans to participations /

    subsidiaries and the like            EUR                  1.00

     Loans to related companies          EUR                  1.00

    Other loans                          EUR             60,000.00

  Current assets                         EUR         44,549,529.56

   Stocks                                EUR         12,427,511.12

    Raw materials, consumables and

    supplies                             EUR          5,254,146.00

    Finished goods / work in progress    EUR          7,173,365.12

   Accounts receivable                   EUR          9,245,614.89

    Trade debtors                        EUR          7,670,519.06

    Amounts due from related companies   EUR              6,389.04

    Other debtors and assets             EUR          1,568,706.79

   Investments in current assets         EUR          8,129,209.09

    Other investments                    EUR          8,129,209.09

   Liquid means                          EUR         14,747,194.46

  Remaining other assets                 EUR             91,468.19

   Accruals (assets)                     EUR             91,468.19

 

 LIABILITIES                             EUR         51,991,622.96

  Shareholders' equity                   EUR         28,325,286.79

   Capital                               EUR          2,000,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR          2,000,000.00

   Reserves                              EUR         23,663,914.39

    Other / unspecified reserves         EUR         23,663,914.39

   Balance sheet profit/loss (+/-)       EUR          2,661,372.40

    Annual surplus / annual deficit      EUR          2,661,372.40

  Provisions                             EUR          3,749,422.00

   Pension provisions and comparable

   provisions                            EUR            882,565.00

   Provisions for taxes                  EUR            205,391.00

   Other / unspecified provisions        EUR          2,661,466.00

  Liabilities                            EUR         19,916,914.17

   Other liabilities                     EUR         19,916,914.17

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          4,108,098.05

    Liabilities from received advance

    payments                             EUR          4,078,269.00

    Liabilities due to shareholders      EUR          9,922,406.97

    Liabililties due to related companiesEUR             71,441.09

    Unspecified other liabilities        EUR          1,736,699.06

     thereof liabilities from tax /

     financial authorities               EUR            191,319.06

     thereof liabilities from social

     security                            EUR            605,823.03

 

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

 Code (HGB)

  Sales                                  EUR         57,586,231.94

  Inventory change + own costs (+/-)     EUR            906,777.58

   Inventory change (+/-)                EUR            827,674.47

   Capitalised own costs                 EUR             79,103.11

  Other operating income                 EUR          2,481,929.00

  Cost of materials                      EUR         26,312,118.57

   Raw materials and supplies, purchased

   goods                                 EUR         25,540,185.75

   Purchased services                    EUR            771,932.82

  Gross result (+/-)                     EUR         34,662,819.95

  Staff expenses                         EUR         14,502,348.28

   Wages and salaries                    EUR         12,029,497.67

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,472,850.61

  Total depreciation                     EUR          1,570,235.14

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,570,235.14

  Other operating expenses               EUR         14,996,714.60

  Operating result from continuing

  operations                             EUR          3,593,521.93

  Interest result (+/-)                  EUR           -232,234.99

   Interest and similar income           EUR            181,237.22

   Interest and similar expenses         EUR            413,472.21

    thereof paid to related companies    EUR              1,207.41

  Other financial result                 EUR            116,972.98

   Income from securities and loans from

   financial assets                      EUR            277,906.37

    thereof related companies            EUR              1,334.51

   Depreciation on financial assets and

   marketable securities                 EUR            160,933.39

  Financial result (+/-)                 EUR           -115,262.01

  Result from ordinary operations (+/-)  EUR          3,478,259.92

  Income tax / refund of income tax (+/-)EUR           -750,442.51

  Other taxes / refund of taxes          EUR            -66,445.01

  Tax (+/-)                              EUR           -816,887.52

  Annual surplus / annual deficit        EUR          2,661,372.40

 

 

 TYPE OF BALANCE SHEET:               COMPANY BALANCE SHEET

 

 FINANCIAL YEAR:                                01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR         54,161,937.63

  Fixed assets                           EUR          5,846,858.14

   Intangible assets                     EUR            109,107.93

    Concessions, licences, rights        EUR            109,107.93

   Tangible assets                       EUR          5,127,214.89

    Land / similar rights                EUR          2,054,237.29

    Plant / machinery                    EUR            960,001.01

    Other tangible assets / fixtures and

    fittings                             EUR          1,759,954.89

    Advance payments made / construction

    in progress                          EUR            353,021.70

   Financial assets                      EUR            610,535.32

    Shares in participations /

    subsidiaries and the like            EUR            158,301.26

     Shares in related companies         EUR            156,861.26

     Shares in cooperatives              EUR              1,440.00

    Loans to participations /

    subsidiaries and the like            EUR            350,001.51

     Loans to related companies          EUR            350,001.51

    Other loans                          EUR            102,232.55

  Current assets                         EUR         48,178,354.63

   Stocks                                EUR         11,340,273.89

    Raw materials, consumables and

    supplies                             EUR          4,994,583.24

    Finished goods / work in progress    EUR          6,345,690.65

   Accounts receivable                   EUR          7,089,712.57

    Trade debtors                        EUR          6,339,020.40

    Amounts due from related companies   EUR             32,932.80

    Other debtors and assets             EUR            717,759.37

   Investments in current assets         EUR          7,954,575.32

    Other investments                    EUR          7,954,575.32

   Liquid means                          EUR         21,793,792.85

  Remaining other assets                 EUR            136,724.86

   Accruals (assets)                     EUR            136,724.86

 

 LIABILITIES                             EUR         54,161,937.63

  Shareholders' equity                   EUR         27,749,107.88

   Capital                               EUR          2,000,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR          2,000,000.00

   Reserves                              EUR         23,142,616.14

   Balance sheet profit/loss (+/-)       EUR          2,606,491.74

    Annual surplus / annual deficit      EUR          2,606,491.74

  Provisions                             EUR          4,804,249.00

   Pension provisions and comparable

   provisions                            EUR            447,820.00

   Provisions for taxes                  EUR            939,860.00

   Other / unspecified provisions        EUR          3,416,569.00

  Liabilities                            EUR         21,608,580.75

   Other liabilities                     EUR         21,608,580.75

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          3,459,029.05

    Liabilities from received advance

    payments                             EUR          5,035,014.15

    Liabilities due to shareholders      EUR         11,177,958.67

    Liabililties due to related companiesEUR             86,466.04

    Unspecified other liabilities        EUR          1,850,112.84

     thereof liabilities from tax /

     financial authorities               EUR            199,984.20

     thereof liabilities from social

     security                            EUR            619,491.58


 

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

 Code (HGB)

  Sales                                  EUR         55,485,961.38

  Inventory change + own costs (+/-)     EUR          1,310,541.95

   Inventory change (+/-)                EUR          1,279,654.67

   Capitalised own costs                 EUR             30,887.28

  Other operating income                 EUR          1,759,866.63

  Cost of materials                      EUR         24,917,780.30

   Raw materials and supplies, purchased

   goods                                 EUR         24,063,136.60

   Purchased services                    EUR            854,643.70

  Gross result (+/-)                     EUR         33,638,589.66

  Staff expenses                         EUR         14,869,839.34

   Wages and salaries                    EUR         12,371,091.99

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,498,747.35

  Total depreciation                     EUR          1,485,338.16

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,485,338.16

  Other operating expenses               EUR         13,727,049.82

  Operating result from continuing

  operations                             EUR          3,556,362.34

  Interest result (+/-)                  EUR           -277,119.36

   Interest and similar income           EUR            138,704.40

   Interest and similar expenses         EUR            415,823.76

    thereof paid to related companies    EUR              1,310.52

  Other financial result                 EUR            145,790.66

   Income from securities and loans from

   financial assets                      EUR            312,029.79

    thereof related companies            EUR              2,625.00

   Depreciation on financial assets and

   marketable securities                 EUR            166,239.13

  Financial result (+/-)                 EUR           -131,328.70

  Result from ordinary operations (+/-)  EUR          3,425,033.64

  Extraordinary expenses                 EUR             54,000.00

  Extraordinary result (+/-)             EUR            -54,000.00

  Income tax / refund of income tax (+/-)EUR           -703,335.68

  Other taxes / refund of taxes          EUR            -61,206.22

  Tax (+/-)                              EUR           -764,541.90

  Annual surplus / annual deficit        EUR          2,606,491.74


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.01

UK Pound

1

Rs.101.99

Euro

1

Rs.81.25

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIS

 

               

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.