|
Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
STILL
GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Berzeliusstr.
10 D 22113 Hamburg Post Box: 74 07 20, D 22097 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.02.1920 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
3,441 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, 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 |
STILL GESELLSCHAFT MIT BESCHRÄNKTER
HAFTUNG
Company Status: active
Berzeliusstr. 10
D 22113 Hamburg
Post Box:
74 07 20, D 22097 Hamburg
Telephone:040/7339-0
Telefax: 040/7339-1622
Homepage: www.still.de
E-mail: info@still.de
VAT no.: DE811145412
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.02.1920
Shareholders'
agreement: 04.12.1965
Registered on: 15.12.1965
Commercial Register: Local court 20355 Hamburg
under: HRB
11168
Share capital: EUR 55,000,000.00
Shareholder:
Linde Material Handling GmbH
Carl-von-Linde-Platz
D 63743 Aschaffenburg
Post Box:
10 05 53, D 63701
Aschaffenburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 55,000,000.00
Registered on: 29.03.2007
Reg. data: 63739
Aschaffenburg, HRB 9963
Control and profit
transfer agreement
Manager:
Bert-Jan Knoef
Foßredder 51
D 22359 Hamburg
authorized to jointly
represent the company
born: 19.11.1960
Profession: Businessman
Marital status: unknown
Manager:
Olaf Schulz
D 65719 Hofheim
born: 15.08.1967
Manager:
Thomas A. Fischer
D 20095 Hamburg
authorized to jointly
represent the company
born: 18.09.1959
Profession: Businessman
Marital status: unknown
Manager:
Goran Mihajlovic
Johnsallee 4
I 20148 Hamburg
authorized to jointly
represent the company
born: 19.06.1970
Profession: Businessman
Marital status: unknown
President of the Supervisory Board:
Gordon Riske
Theodorenstr. 15
D 65189 Wiesbaden
born: 26.05.1957
Profession: Electrical
engineer
Marital status: unknown
Vice-president of the Supervisory Board:
Kay Pietsch
Hainholzweg 47
D 21077 Hamburg
born: 03.03.1970
Profession: Clerk
Marital status: unknown
Member of the Supervisory Board:
Daniele Signorini
I 21100 Varese
born: 08.11.1948
Profession: Businessman
Nationality: Italian
Marital status: unknown
Member of the Supervisory Board:
Dr. Joachim Kaffanke
Wilhelm-Beumer-Weg 7
D 55411 Bingen
born: 06.08.1960
Profession: Solicitor
Marital status: unknown
Member of the Supervisory Board:
Dr. Rolf Karg
Am Schleusenpriel 30
D 27472 Cuxhaven
born: 26.02.1950
Profession: Businessman
Marital status: unknown
Member of the Supervisory Board:
Holger Brandt
D 20095 Hamburg
born: 15.03.1965
Profession: Head of
department
Marital status: unknown
Member of the Supervisory Board:
Dr. Thomas Toepfer
Feuerbachstr. 24
D 22607 Hamburg
born: 07.06.1972 in
Hamburg
Profession: Fully
qualified merchant
Marital status: unknown
Member of the Supervisory Board:
Dr. Stefanie Schneider
D 65527 Niedernhausen
born: 23.01.1969
Profession: head of
personnel dept.
Marital status: unknown
Member of the Supervisory Board:
Mikel Adebahr
D 21442 Toppenstedt
Profession: Construction
mechanic
Marital status: unknown
Member of the Supervisory Board:
Torsten Rehmet
D 28876 Oyten
Marital status: unknown
Member of the Supervisory Board:
Jürgen Wolf
D 20457 Hamburg
Marital status: unknown
Member of the Supervisory Board:
Olaf Kunz
D 21502 Geesthacht
Marital status: unknown
Proxy:
Uwe Eschment
D 50181 Bedburg
authorized to jointly
represent the company
born: 21.03.1957
Profession: Businessman
Marital status: single
Proxy:
Dirk Sadler
Bergedorfer Str. 19
D 21502 Geesthacht
authorized to jointly
represent the company
born: 01.10.1962
Profession: Fully
qualified economic
engineer
Marital status: unknown
Proxy:
Hermann Mast
D 77963 Schwanau
authorized to jointly
represent the company
born: 24.03.1956
Proxy:
Thomas Fischer
D 21465 Wentorf
authorized to jointly
represent the company
born: 14.03.1960
Profession: Businessman
Marital status: unknown
Proxy:
Thorsten Schweitzer
D 82223 Eichenau
authorized to jointly
represent the company
born: 01.10.1963
Profession: Businessman
Marital status: unknown
Proxy:
Christian Baerwolff
D 20251 Hamburg
authorized to jointly
represent the company
born: 26.11.1965
Profession: Businessman
Marital status: unknown
Proxy:
Holger Brandt
D 20095 Hamburg
authorized to jointly
represent the company
born: 15.03.1965
Profession: Head of
department
Marital status: unknown
Proxy:
Volker Bonk
D 22089 Hamburg
authorized to jointly represent
the company
born: 20.03.1962
Profession: Businessman
Marital status: unknown
Proxy:
Hans-Joachim Zielke
D 20099 Hamburg
authorized to jointly represent the
company
born: 01.11.1963
Marital status: unknown
Proxy:
Oliver Conrad
D 42579 Heiligenhaus
authorized to jointly
represent the company
born: 03.03.1965
Profession: Businessman
Marital status: unknown
Proxy:
Stefan Hanne
D 13467 Berlin
authorized to jointly represent the
company
born: 26.12.1960
Profession: Businessman
Marital status: unknown
Proxy:
Michael Süßenguth
D 61440 Oberursel
authorized to jointly
represent the company
born: 09.07.1965
Profession: Businessman
Marital status: unknown
Proxy:
Michael Küster
D 65183 Wiesbaden
authorized to jointly
represent the company
born: 22.10.1958
Profession: Businessman
Marital status: unknown
Proxy:
Hans-Thomas Schramm
D 22455 Hamburg
authorized to jointly
represent the company
born: 23.09.1962
Profession: Businessman
Marital status: unknown
Proxy:
Frank Müller
D 21376 Salzhausen
authorized to jointly
represent the company
born: 10.02.1963
Profession: Businessman
Marital status: unknown
Proxy:
Gerard Lacher
D 42781 Haan
authorized to jointly
represent the company
born: 04.01.1966
Profession: Businessman
Marital status: unknown
Proxy:
Matthias Klünder
Schusterkoppel 3
D 22946 Brunsbek
authorized to jointly
represent the company
born: 30.09.1966
Profession: Businessman
Marital status: unknown
Proxy:
Michael Quest
In der Brake 3
D 32049 Herford
authorized to jointly represent the
company
born: 17.12.1969
Proxy:
Dr. Ing. Hagen Adam
D 33330 Gütersloh
authorized to jointly
represent the company
born: 18.12.1961
Proxy:
Karl Schulz
D 59379 Selm
authorized to jointly
represent the company
born: 21.01.1952
Proxy:
Marco André Riewe
Hinter der Ziegelei 4
D 27753 Delmenhorst
authorized to jointly
represent the company
born: 02.06.1967
Proxy:
Frank Schließer
D 22113 Hamburg
authorized to jointly
represent the company
born: 11.04.1963
Profession: Businessman
Marital status: unknown
Proxy:
Wolfgang Matthias Gebhardt
D 45731 Waltrop
authorized to jointly
represent the company
born: 21.07.1963
Proxy:
Aron Literski
Schützenstr. 5
D 89231 Neu-Ulm
authorized to jointly
represent the company
born: 09.02.1970
Proxy:
Stephan Seifert
D 92353 Postbauer-Heng
authorized to jointly represent the company
born: 11.02.1966
Proxy:
Raoul Faaß
D 85077 Manching
authorized to jointly
represent the company
born: 25.11.1971
Profession: graduate
engineer
Marital status: unknown
Proxy:
Alexander Friedel
D 80331 München
authorized to jointly
represent the company
born: 22.10.1966
Profession: Businessman
Marital status: unknown
Proxy:
Ralf Hund
Felsenweg 1
D 77887 Sasbachwalden
authorized to jointly
represent the company
born: 08.04.1971
Proxy:
Klaus Meyer-Leist
D 22113 Hamburg
authorized to jointly
represent the company
born: 31.12.1963
Proxy:
Stefan Adam
D 45149 Essen
authorized to jointly
represent the company
born: 13.07.1971
Proxy:
Heinrich Nordmann
D 21521 Aumühle
authorized to jointly
represent the company
born: 31.12.1966
Proxy:
Jan-Hendrik Philipp
D 21244 Buchholz
authorized to jointly represent
the company
born: 11.11.1965
Proxy:
Karl Knipfelberg
D 21465 Reinbek
authorized to jointly
represent the company
born: 23.02.1974
Proxy:
Dirk Scharr
D 21465 Reinbek
authorized to jointly
represent the company
born: 25.05.1969
Proxy:
Torsten Wiecker
D 28195 Bremen
authorized to jointly
represent the company
born: 18.08.1975
Proxy:
Meurant Manuel
F Meylan
authorized to jointly
represent the company
born: 19.03.1963
Nationality: French
Proxy:
Jacques Arrighi
F Saint Germain sur Morin
authorized to jointly
represent the company
born: 24.01.1970
Nationality: French
Proxy:
Andreas Packeiser
D 21423 Winsen
authorized to jointly
represent the company
born: 09.03.1969
Proxy:
Dirk Deuschel
D 67122 Altrip
authorized to jointly
represent the company
born: 22.04.1971
Marital status: unknown
Further functions/participations of Bert-Jan
Knoef (Manager)
Manager:
KION Material Handling
GmbH
Abraham-Lincoln-Str. 21
D 65189 Wiesbaden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.03.2007
Reg. data: 65189 Wiesbaden, HRB 22820
Member of the Board of Directors:
KION GROUP AG
Abraham-Lincoln-Str. 21
D 65189 Wiesbaden
Legal form: Public
limited company
Share capital: EUR
98,900,000.00
Registered
on: 04.06.2013
Reg. data: 65189 Wiesbaden, HRB 27060
21.01.2014 - 01.09.2014 Manager
Dr. John Christian
Lührs
D 20095 Hamburg
07.11.2012 - 28.01.2014 Manager
Nikolaus Michelsen
D 22587 Hamburg
15.06.2011 - 30.10.2012 Manager
Dr. Thomas Toepfer
D 22607 Hamburg
21.10.2010 - 04.05.2012 Member of the Supervisory Board
Harald Pinger
D 65189 Wiesbaden
Main industrial sector
28220 Manufacture
of lifting and handling equipment
46691 Wholesale of industrial trucks and vehicles
n.e.c.
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
46902 Non-specialized wholesale of raw materials
and half-finished and finished goods
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Westring 10-12
D 33818 Leopoldshöhe
TEL.: 05202/9139-0
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Bruchfeld 80
D 47809 Krefeld
TEL.: 02151/5891-0
FAX.: 02151/589112
Branch:
STILL Gesellschaft mit beschränkter Haftung
Breisenbachstr. 106
D 44357 Dortmund
TEL.: 0231/9361-0
FAX.: 0231/9361-170
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Zum Panrepel 15
D 28307 Bremen
TEL.: 0421/48901-0
FAX.: 0421/481597
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Carl-Benz-Str. 2
D 60314 Frankfurt
TEL.: 069/40990
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Daimlerstr. 35
D 71384 Weinstadt
TEL.: 07151/99300
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Zschortauer Str. 37a
D 04129 Leipzig
TEL.: 0341/58580-0
FAX.: 0341/58580-36
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Holzhauser Str. 112
D 13509 Berlin
TEL.: 030/435640
FAX.: 030/43564200
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Hanferstr. 8
D 79108 Freiburg
TEL.: 0761/15209-0
FAX.: 0761/1520959
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Wiesenauer Str. 6
D 30179 Hannover
TEL.: 0511/67860
FAX.: 0511/6786344
Branch:
STILL Gesellschaft mit beschränkter Haftung
Pfingstweidstr. 31
D 68199 Mannheim
TEL.: 0621/716080
FAX.: 0621/7160825
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Carl-von-Linde-Str. 27
D 85716 Unterschleißheim
TEL.: 089/310050
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Hugo-Junkers-Str. 13
D 90411 Nürnberg
TEL.: 0911/99711-0
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Berzeliusstr. 5
D 22113 Hamburg
TEL.: 040/733450
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Liebigstr. 45
D 22113 Hamburg
Branch:
STILL Gesellschaft mit
beschränkter Haftung
Wöhlerstr. 19
D 22113 Hamburg
TEL.: 040/73390
FAX.: 040/73391622
Shareholder:
KION Warehouse Systems
GmbH
Ernst-Wagner-Weg 1-5
D 72766 Reutlingen
Post Box:
2943
Legal form: Private
limited company
Company Status: active
Share capital: EUR
10,000,000.00
Share: EUR 10,000,000.00
Reg. data: 08.10.2007
Local court
70190 Stuttgart
HRB 724213
Shareholder:
BlackForxx GmbH
Harpstedter Str. 85
D 28816 Stuhr
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 20.02.2008
Local court
29664 Walsrode
HRB 201023
Shareholder:
Fahrzeugbau GmbH Geisa
Schleider Str. 13
D 36419 Geisa
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 24.09.1990
Local court
07745 Jena
HRB 300447
Shareholder:
Eisengießerei Dinklage
Gesellschaft mit
beschränkter Haftung
In der Bahler Heide 5
D 49413 Dinklage
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Reg. data: 17.04.1974
Local court
26135 Oldenburg
HRB 110090
Payment
experience: cash discount/within agreed
terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Berzeliusstr.
10
D 22113 Hamburg
Real Estate of: Linde
Material Handling GmbH
Type of ownership: Tenant
Address Carl-von-Linde-Platz
D 63743
Aschaffenburg
Land register documents were not available.
Principal bank
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000, Account no.: 0610015000
BIC: COBADEHHXXX, IBAN: DE50200400000610015000
Turnover: 2012 EUR 1,054,671,000.00
2013 EUR 1,063,611,000.00
Profit: 2012 EUR
30,972,000.00
2013 EUR 45,932,000.00
further business figures:
Equipment: *EUR 20,460,000.00
Ac/ts receivable: EUR 331,493,000.00
Liabilities: EUR 93,216,000.00
Employees:
3,441
- Part-time employees: 62
Control and profit transfer agreement to:
Linde Material Handling GmbH
Carl-von-Linde-Platz
D 63743 Aschaffenburg
Post Box:
10 05 53, D 63701
Aschaffenburg
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: -7.81
Liquidity ratio: 1.05
Return on total capital
[%]: 12.72
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 33.86
Liquidity ratio: 3.06
Return on total capital
[%]: 10.15
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 2.26
Liquidity ratio: 1.25
Return on total capital
[%]: 14.88
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 5.39
Liquidity ratio: 1.70
Return on total capital
[%]: -3.38
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: 01.01.2013
- 31.12.2013
ASSETS EUR 595,815,000.00
Fixed assets EUR 184,244,000.00
Intangible assets EUR 1,457,000.00
Tangible assets EUR 66,704,000.00
Financial assets EUR 116,083,000.00
Shares in participations
/
subsidiaries and the
like EUR 115,953,000.00
Other loans EUR 130,000.00
Current assets EUR 411,389,000.00
Stocks EUR 79,846,000.00
Accounts receivable EUR 331,493,000.00
Liquid means EUR 50,000.00
Remaining other
assets EUR 182,000.00
Accruals (assets) EUR 182,000.00
LIABILITIES EUR 595,815,000.00
Shareholders' equity EUR 206,250,000.00
Capital EUR 55,000,000.00
Subscribed capital
(share capital) EUR 55,000,000.00
Reserves EUR 151,250,000.00
Capital reserves EUR 126,704,000.00
Retained earnings /
revenue reserves EUR
24,546,000.00
Provisions EUR 296,243,000.00
Pension provisions and
comparable
provisions EUR
192,142,000.00
Other / unspecified
provisions EUR 104,101,000.00
Liabilities EUR 93,216,000.00
Other liabilities EUR 93,216,000.00
Trade creditors (for IAS
incl. bills
of exchange) EUR 51,545,000.00
Liabilities from
received advance
payments EUR 877,000.00
Liabililties due to
related companiesEUR
24,595,000.00
Unspecified other liabilities EUR 16,199,000.00
Other liabilities EUR 106,000.00
Deferrals
(liabilities) EUR 106,000.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 1,063,611,000.00
Manufacturing costs EUR 844,716,000.00
Gross result on sales EUR 218,895,000.00
Distribution costs EUR 131,664,000.00
General administration
expenses EUR 26,476,000.00
Research and development
costs EUR 35,235,000.00
Other operating
income EUR 26,399,000.00
Other operating expenses EUR 6,114,000.00
Operating result from
continuing
operations EUR 45,805,000.00
Result from participating
interests
(+/-) EUR 17,555,000.00
Interest result (+/-) EUR -17,337,000.00
Interest and similar
income EUR 273,000.00
Interest and similar
expenses EUR 17,610,000.00
Financial result
(+/-) EUR 218,000.00
Result from ordinary
operations (+/-) EUR 46,023,000.00
Expenses for transfer of
profits to a
parent company EUR 45,932,000.00
Income tax / refund of
income tax (+/-)EUR -91,000.00
Tax (+/-) EUR -91,000.00
Annual surplus / annual
deficit EUR 0.00
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2012
- 31.12.2012
ASSETS EUR 606,669,000.00
Fixed assets EUR 176,158,000.00
Intangible assets EUR 2,089,000.00
Tangible assets EUR 64,170,000.00
Financial assets EUR 109,899,000.00
Shares in participations
/
subsidiaries and the
like EUR 109,738,000.00
Shares in related
companies EUR 109,738,000.00
Other loans EUR 161,000.00
Current assets EUR 430,511,000.00
Stocks EUR 85,376,000.00
Accounts receivable EUR 345,089,000.00
Other debtors and
assets EUR 345,089,000.00
Liquid means EUR 46,000.00
LIABILITIES EUR 606,669,000.00
Shareholders' equity EUR 206,250,000.00
Capital EUR 55,000,000.00
Subscribed capital
(share capital) EUR 55,000,000.00
Reserves EUR 151,250,000.00
Capital reserves EUR 126,704,000.00
Retained earnings /
revenue reserves EUR
24,546,000.00
Provisions EUR 287,322,000.00
Pension provisions and
comparable
provisions EUR 176,965,000.00
Other / unspecified
provisions EUR 110,357,000.00
Liabilities EUR 112,804,000.00
Other liabilities EUR 112,804,000.00
Trade creditors (for IAS
incl. bills
of exchange) EUR 56,481,000.00
Liabilities from
received advance
payments EUR 4,359,000.00
Liabililties due to
related companiesEUR
40,148,000.00
Unspecified other
liabilities EUR 11,816,000.00
Other liabilities EUR 293,000.00
Deferrals
(liabilities) EUR 293,000.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 1,054,671,000.00
Manufacturing costs EUR 817,107,000.00
Gross result on sales EUR 237,564,000.00
Distribution costs EUR 131,167,000.00
General administration
expenses EUR 28,267,000.00
Research and development
costs EUR 34,038,000.00
Other operating
income EUR 24,187,000.00
Other operating
expenses EUR 6,026,000.00
Operating result from
continuing
operations EUR 62,253,000.00
Result from participating
interests
(+/-) EUR 11,148,000.00
Interest result (+/-) EUR -10,321,000.00
Interest and similar
income EUR 747,000.00
Interest and similar
expenses EUR 11,068,000.00
Other financial
result EUR -1,500,000.00
Depreciation on financial
assets and
marketable
securities EUR 1,500,000.00
Financial result
(+/-) EUR -673,000.00
Result from ordinary
operations (+/-) EUR 61,580,000.00
Extraordinary expenses EUR 30,460,000.00
Extraordinary result
(+/-) EUR -30,460,000.00
Expenses for transfer of
profits to a
parent company EUR 30,972,000.00
Income tax / refund of
income tax (+/-)EUR -148,000.00
Tax (+/-) EUR -148,000.00
Annual surplus / annual
deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.