|
Report Date : |
15.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
HELM AG |
|
|
|
|
Registered Office : |
Nordkanalstr. 28, D 20097 Hamburg, Post Box
10 30 60, D 20021 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
05.11.1900 |
|
|
|
|
Com. Reg. No.: |
HRB 22263 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
·
Manufacturer
of pharmaceutical preparations ·
Engaged
in Research and development on
biotechnology ·
Engaged in manufacturing
and distributor of crop
protection products ·
Engaged in marketing of
additives for the Human Nutrition industry. ·
Engaged in distribution and marketing of fertilizer · Engaged in prescription of drugs for distribution through retail pharmacies and hospitals, predominantly in the following indication fields: · Infectious diseases · Central nervous system · Cardiovascular system · Women's health · Cancer therapy Subject
product ranges includes :- ·
Chemicals (Derivatives & feedstocks) ·
Crop Protection ·
Pharma ·
Fertilizer · Nutrition |
|
|
|
|
No of Employees : |
527 |
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 : |
Good |
|
|
|
|
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 |
HELM
AG
Nordkanalstr. 28
D 20097 Hamburg
Post Box: 10 30 60, D 20021 Hamburg
Telephone: 040/2375-0
Telefax:
040/2375-1845
Homepage: www.helmag.com
E-mail:
info@helmag.com
DE118619592
active
Business relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 05.11.1900
Registered on: 11.10.1978
Commercial Register: Local court 20355 Hamburg
under: HRB
22263
Share capital: EUR 100,000,000.00
Dieter Schnabel
Saselbergweg 71
D 22395 Hamburg
born: 05.11.1946
Share: 100.000 %
Hans-Christian Sievers
D 20095 Hamburg
born: 24.04.1964
Profession: manager
Marital status: unknown
Axel Bourjau
Nordkanalstr. 28
D 20097 Hamburg
authorized to jointly represent the
company
born: 21.01.1955
Profession: manager
Marital status: unknown
Rainer Detering
Oberstr. 113
D 20149 Hamburg
authorized to jointly represent the
company
born: 14.08.1954
Profession: manager
Marital status: unknown
Member
of the Board of Directors:
Volker Seebeck
D 20095 Hamburg
authorized to jointly represent the
company
born: 03.04.1961
Profession: Businessman
Marital status: unknown
Member of the Board of Directors:
Stephan Schnabel
D 20097 Hamburg
born: 18.01.1975
Profession: Businessman
Marital status: unknown
Dieter Schnabel
Saselbergweg 71
D 22395 Hamburg
born: 05.11.1946
Profession: manager
Marital status: married
Ulrich Wilhelm Ellerbeck
Rathenaustr. 26
D 22297 Hamburg
born: 16.06.1952
Profession: Fully qualified political
economist
Marital status: unknown
David Michael Neumann
Mittelweg 119
D 20148 Hamburg
born: 11.08.1963
Profession: Businessman
Oliver Arpad Eduard Mehl
Lübberstedter Weg 5
D 21388 Soderstorf
authorized to jointly represent the
company
born: 04.08.1955
Profession: Businessman
Proxy:
Klaus Illmann
D 20097 Hamburg
authorized to jointly
represent the company
born: 17.05.1949
Profession: Businessman
Marital status: unknown
Proxy:
Jörg Handke
D 20097 Hamburg
authorized to jointly
represent the company
born: 04.06.1958
Profession: Businessman
Marital status: unknown
Proxy:
Wolf-Dieter Schütt
D 20097 Hamburg
authorized to jointly
represent the company
born: 30.12.1950
Profession: Businessman
Marital status: unknown
Proxy:
Fried Hansen
D 22926 Ahrensburg
authorized to jointly
represent the company
born: 14.09.1965
Profession: Businessman
Marital status: unknown
Proxy:
Ralph Ruschmeyer
D 14532 Stahnsdorf
authorized to jointly
represent the company
born: 25.01.1960
Profession: Businessman
Marital status: unknown
Proxy:
Oliver Bösch
D 28195 Bremen
authorized to jointly
represent the company
born: 25.05.1967
Profession: Businessman
Marital status: unknown
Proxy:
Manfred Ram
D 24629 Kisdorf
authorized to jointly
represent the company
born: 17.11.1952
Proxy:
Tim Gätgens
D 22844 Norderstedt
authorized to jointly
represent the company
born: 12.09.1964
Proxy:
Tom Christopher Luigs
D 20097 Hamburg
authorized to jointly
represent the company
born: 17.04.1966
Nationality: Belgian
Proxy:
Norbert Curt Baum
D 20097 Hamburg
authorized to jointly
represent the company
born: 27.10.1961
Profession: Businessman
Marital status: unknown
Proxy:
Thomas Axel Viering
D 20097 Hamburg
authorized to jointly
represent the company
born: 02.05.1966
Profession: Businessman
Marital status: unknown
Proxy:
Andreas Woschek
D 20097 Hamburg
authorized to jointly
represent the company
born: 22.05.1963
Profession: Businessman
Marital status: unknown
Proxy:
Dr. Felix Thürwächter
D 20097 Hamburg
authorized to jointly
represent the company
born: 09.10.1961
Marital status: unknown
Proxy:
Ekkehard Kloevekorn
D 22949 Ammersbek
authorized to jointly
represent the company
born: 01.10.1963
Profession: Businessman
Marital status: unknown
Proxy:
Kilian Ansgar Funke
Hagener Allee 34
D 22926 Ahrensburg
authorized to jointly
represent the company
born: 06.07.1971
Proxy:
Axel Berthold Idel
Sergio-de-Simone-Stieg 8
D 22457 Hamburg
authorized to jointly
represent the company
born: 28.08.1961
Profession: Businessman
Marital status: unknown
Proxy:
Burak Beksac
D 20095 Hamburg
authorized to jointly
represent the company
Proxy:
Claus Erich Meyer
D 21224 Rosengarten
authorized to jointly
represent the company
Proxy:
Michael Neuhoff
D 21029 Hamburg
authorized to jointly
represent the company
Proxy:
Christina Wienholz
D 22113 Oststeinbek
authorized to jointly
represent the company
born: 08.06.1962
née: Beck
Profession: Businessman
Marital status: married
Proxy:
Bernd Stoiber
D 20097 Hamburg
authorized to jointly
represent the company
born: 29.07.1963
Proxy:
Michael John Kuhlmann
D 20097 Hamburg
authorized to jointly
represent the company
born: 30.01.1969
Proxy:
Dr. Stefan Adam
D 23863 Bargfeld-Stegen
authorized to jointly represent
the company
born: 28.03.1965
Proxy:
Dr. Katharina Rönnpagel
D 20097 Hamburg
authorized to jointly
represent the company
born: 03.09.1965
Proxy:
Michael Schulze
D 20097 Hamburg
authorized to jointly
represent the company
born: 18.07.1970
Further functions/participations
of Rainer Detering (Member of the Board of Directors)
Manager:
Helm Arabia Holding GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 26.04.2005
Reg. data: 20355 Hamburg, HRB 93570
Manager:
Helm Export - Import
G.m.b.H.
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Share capital: EUR 511,291.88
Registered
on: 01.01.1971
Reg. data: 20355 Hamburg, HRB 13768
Manager:
Carl Emil Wessel GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered
on: 15.04.1986
Reg. data: 20355 Hamburg, HRB 13339
Further functions/participations
of Volker Seebeck (Member of the Board of Directors)
Manager:
MIDER-Helm Methanol
Vertriebs GmbH
Nordkanalstr. 28
D 20097 Hamburg
Post Box:
10 30 60, D 20021 Hamburg
Legal form: Private
limited company
Share capital: EUR 255,645.94
Registered
on: 24.03.1998
Reg. data: 20355 Hamburg, HRB 66954
Vice-president of the Board of Directors:
Verband Chemiehandel
e.V.(VCH)
Große Neugasse 6
D 50667 Köln
Legal form: Registered
association
Registered
on: 31.12.1949
Reg. data: 50939 Köln, VR 4317
21.04.1978 - 10.10.1978 Karl O. Helm KG
D 20097 Hamburg
Ltd partnership with
priv. ltd. company
as general partner
11.10.1978 - 15.05.2006 Helm Aktiengesellschaft
Nordkanalstr. 28
D 20097 Hamburg
Public limited
company
21.10.2010 - 24.08.2012 Member of the Supervisory Board
Dr.rer.nat. Werner
Kleinloh
D 45721 Haltern am
See
20.10.2011 - 23.01.2012 President of the Board of Directors
Dieter Schnabel
D 22395 Hamburg
20.10.2011 - 23.01.2012 Member of the Board of Directors
Hans-Christian Sievers
D 20095 Hamburg
·
Manufacturer
of pharmaceutical preparations
·
Engaged
in Research and development on
biotechnology
·
Engaged in manufacturing
and distributor of crop
protection products
·
Engaged in marketing of
additives for the Human Nutrition industry.
·
Engaged in distribution and marketing of fertilizer
· Engaged in prescription of drugs for distribution through retail pharmacies and hospitals, predominantly in the following indication fields:
· Infectious diseases
· Central nervous system
· Cardiovascular system
· Women's health
· Cancer therapy
Subject
product ranges includes :-
·
Chemicals (Derivatives & feedstocks)
·
Crop Protection
·
Pharma
·
Fertilizer
·
Nutrition
Branch:
HELM AG
Walter-Köhn-Str. 1b
D 04356 Leipzig
TEL.: 0341/5285150
Branch:
HELM AG
Homberger Str. 5
D 40474 Düsseldorf
Branch:
HELM AG
Hugo-Eckener-Ring
D 60549 Frankfurt
Branch:
HELM AG
Hauptstr. 16
D 70563 Stuttgart
TEL.: 0711/734021
Limited partner:
Helm Arabia GmbH &
Co.KG
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 10,000,000.00
contribution:
Share: EUR 6,220,000.00
Reg. data: 01.06.2005
Local court
20355 Hamburg
HRA 102131
Limited partner:
Richter-Helm BioTec GmbH
& Co. KG
Suhrenkamp 59
D 22335 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 2,000,000.00
contribution:
Share: EUR 1,000,000.00
Reg. data: 08.01.2008
Local court
20355 Hamburg
HRA 107616
Limited partner:
Richter-Helm BioLogics
GmbH & Co. KG
Dengelsberg
D 24796 Bovenau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,500,000.00
contribution:
Share: EUR
450,000.00
Reg. data: 10.10.2005
Local court
24114 Kiel
HRA 4989 KI
Limited partner:
BIL
Objektverwaltungs-GmbH & Co 739 KG
Emil-Riedl-Weg 6
D 82049 Pullach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 25,564.60
contribution:
Share: EUR 24,030.72
Reg. data: 01.03.1999
Local court
80333 München
HRA 74039
Shareholder:
Helm Düngemittel GmbH
Nordkanalstr. 28
D 20097 Hamburg
Post Box:
10 30 60
Legal form: Private limited
company
Company Status: active
Share capital: EUR
20,000,000.00
Share: EUR 20,000,000.00
Reg. data: 29.10.1979
Local court
20355 Hamburg
HRB 24242
Shareholder:
Helm Export - Import
G.m.b.H.
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 511,291.88
Share: EUR 511,291.88
Reg. data: 01.01.1971
Local court
20355 Hamburg
HRB 13768
Shareholder:
Helm Medical GmbH
Nordkanalstr. 28
D 20097 Hamburg
Post Box:
10 30 60
Legal form: Private
limited company
Company Status: active
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data: 24.06.2008
Local court
20355 Hamburg
HRB 105742
Shareholder:
MIDER-Helm Methanol
Vertriebs GmbH
Nordkanalstr. 28
D 20097 Hamburg
Post Box:
10 30 60
Legal form: Private
limited company
Company Status: active
Share capital: EUR 255,645.94
Share: EUR 127,822.97
Reg. data: 24.03.1998
Local court
20355 Hamburg
HRB 66954
Shareholder:
Kraeft Logistik GmbH
Nordersand 2
D 20457 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 09.02.1973
Local court
20355 Hamburg
HRB 15420
Shareholder:
Helm Arabia Holding GmbH
Nordkanalstr. 28
D 20097 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 26.04.2005
Local court
20355 Hamburg
HRB 93570
Shareholder:
Richter-Helm BioLogics
Management GmbH
Dengelsberg
D 24796 Bovenau
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 7,669.38
Reg. data: 28.09.2005
Local court 24114 Kiel
HRB 7550 KI
Shareholder:
Richter-Helm BioTec
Management GmbH
Suhrenkamp 59
D 22335 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 21.12.2007
Local court
20355 Hamburg
HRB 103633
Payment experience: in top condition
Negative information: We have no negative information at hand.
BALANCE
SHEET YEAR: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Nordkanalstr.
28
D 20097 Hamburg
Land register documents were not
available.
Principal
bank
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000, Account no.: 6114334
BIC: COBADEHHXXX, IBAN:
DE14200400000611433400
Further
banks
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
HSH
NORDBANK HAMBURG, 20079 HAMBURG
Sort. code: 20050000
BIC: HSHNDEHH200
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000, Account no.: 206045
BIC: HYVEDEMM300, IBAN: DE22200300000000206045
Turnover: 2012 EUR 2,715,152,973.00
2013 EUR 2,700,000,000.00
Profit: 2012 EUR 137,230,252.00
further business figures:
Equipment: EUR 2,876,787.00
Ac/ts receivable: EUR 562,200,981.00
Liabilities: EUR 411,005,519.00
Employees:
527
-
thereof permanent staff: 479
-
Trainees: 48
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 56.47
Liquidity ratio: 1.48
Return on total capital [%]: 14.29
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 52.21
Liquidity ratio: 1.47
Return on total capital [%]: 8.49
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 50.25
Liquidity ratio: 1.38
Return on total capital [%]: 8.42
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 61.84
Liquidity ratio: 1.77
Return on total capital [%]: 8.93
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 960,182,097.00
Fixed assets
EUR 260,108,336.00
Intangible assets
EUR 2,484,853.00
Concessions, licences, rights
EUR 484,853.00
Advance payments for intang. assets
EUR 2,000,000.00
Tangible assets
EUR 6,116,259.00
Land / similar rights
EUR 2,765,336.00
Other tangible assets / fixtures and
fittings EUR 2,876,787.00
Advance payments made / construction
in progress
EUR 474,136.00
Financial assets
EUR 251,507,224.00
Shares in participations /
subsidiaries
and the like EUR 251,346,152.00
Shares in related companies
EUR 209,776,525.00
Shares in investee companies
EUR 41,569,627.00
Other / unspecified financial assets EUR 161,072.00
Current assets
EUR 699,818,275.00
Stocks
EUR 137,047,731.00
Finished goods / work in progress
EUR 123,594,659.00
Advance payments made
EUR 13,453,072.00
Accounts receivable
EUR 562,200,981.00
Trade debtors
EUR 276,284,215.00
Amounts due from related companies
EUR 245,977,478.00
Amounts due from investee companies
EUR 1,338,778.00
Other debtors and assets
EUR 38,600,510.00
Liquid means
EUR 569,563.00
Remaining other assets
EUR 255,486.00
Accruals (assets) EUR 58,839.00
Deferred taxes (assets)
EUR 64,400.00
Active difference from asset
offsetting
EUR 132,247.00
LIABILITIES EUR 960,182,097.00
Shareholders' equity
EUR 512,094,274.00
Capital
EUR 100,000,000.00
Subscribed capital (share capital)
EUR 100,000,000.00
Reserves EUR 342,582,254.00
Retained earnings / revenue reserves EUR 342,582,254.00
Balance sheet profit/loss (+/-)
EUR 69,512,020.00
Balance sheet profit / loss
EUR 69,512,020.00
Provisions EUR 33,429,304.00
Pension provisions and comparable
provisions
EUR 1,057,416.00
Provisions for taxes
EUR 6,013,077.00
Other / unspecified provisions
EUR 26,358,811.00
Liabilities
EUR 411,005,519.00
Financial debts
EUR 135,831,956.00
Liabilities due to banks
EUR 135,831,956.00
Other liabilities EUR 275,173,563.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 232,112,078.00
Liabilities from received advance
payments
EUR 1,962,066.00
Liabililties due to related companiesEUR 2,234,308.00
Liabilities due to investee companiesEUR 137,158.00
Unspecified other liabilities
EUR 38,727,953.00
thereof liabilities from tax /
financial
authorities EUR 2,936,022.00
thereof liabilities from social
security
EUR 0.00
Other liabilities
EUR 3,653,000.00
Deferred taxes (not included under
provisions/liabilities)
EUR 3,653,000.00
Guarantees and other commitments
EUR 93,742,990.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 2,715,152,973.00
Other operating income
EUR 6,162,536.00
Cost of materials
EUR 2,605,126,230.00
Raw materials and supplies, purchased
goods
EUR 2,435,524,600.00
Purchased services
EUR 169,601,630.00
Gross result (+/-)
EUR 116,189,279.00
Staff expenses
EUR 65,896,074.00
Wages and salaries EUR 60,771,941.00
Social security contributions and
expenses for pension plans and
benefits
EUR 5,124,133.00
Total depreciation
EUR 946,557.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 946,557.00
Other operating expenses
EUR 22,872,838.00
Operating result from continuing
operations EUR 26,473,810.00
Result from participating interests
(+/-)
EUR 123,191,853.00
Expenses / income from participations EUR 123,191,853.00
Income from transfer of profits EUR 242,646.00
Income from related companies
EUR 122,949,207.00
Interest result (+/-)
EUR -942,330.00
Interest and similar income
EUR 2,457,474.00
thereof from related companies
EUR 820,919.00
Interest and similar expenses
EUR 3,399,804.00
thereof paid to related companies
EUR 48,214.00
Financial result (+/-)
EUR 122,249,523.00
Result from ordinary operations (+/-)
EUR 148,723,333.00
Income tax / refund of income tax (+/-)EUR -11,202,031.00
Other taxes / refund of taxes
EUR -291,050.00
Tax
(+/-)
EUR -11,493,081.00
Annual
surplus / annual deficit EUR 137,230,252.00
TYPE
OF BALANCE SHEET: COMPANY
BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 775,487,914.00
Fixed assets
EUR 135,976,752.00
Intangible assets
EUR 2,447,826.00
Concessions, licences, rights
EUR 447,826.00
Advance payments for intang. assets
EUR 2,000,000.00
Tangible assets
EUR 3,454,097.00
Land / similar rights
EUR 1,253,281.00
Other tangible assets / fixtures and
fittings
EUR 2,200,816.00
Financial assets EUR 130,074,829.00
Shares in participations /
subsidiaries and the like
EUR 129,907,558.00
Shares in related companies
EUR 74,962,322.00
Shares in investee companies
EUR 54,945,236.00
Other / unspecified financial assets EUR 167,271.00
Current assets
EUR 639,191,005.00
Stocks
EUR 159,545,155.00
Finished goods / work in progress
EUR 158,368,511.00
Advance payments made
EUR 1,176,644.00
Accounts receivable
EUR 457,017,699.00
Trade debtors
EUR 271,147,029.00
Amounts due from related companies EUR
154,000,968.00
Amounts due from investee companies
EUR 12,481.00
Other debtors and assets
EUR 31,857,221.00
Liquid means
EUR 22,628,151.00
Remaining other assets
EUR 320,157.00
Accruals (assets)
EUR 109,272.00
Deferred taxes (assets)
EUR 65,500.00
Active difference from asset
offsetting
EUR 145,385.00
LIABILITIES EUR 775,487,914.00
Shareholders' equity
EUR 404,864,022.00
Capital
EUR 100,000,000.00
Subscribed capital (share capital)
EUR 100,000,000.00
Reserves
EUR 271,582,254.00
Retained earnings / revenue reserves EUR 271,582,254.00
Balance sheet profit/loss (+/-)
EUR 33,281,768.00
Balance sheet profit / loss
EUR 33,281,768.00
Provisions
EUR 34,545,071.00
Pension provisions and comparable
provisions
EUR 1,053,304.00
Provisions
for taxes EUR 3,073,634.00
Other / unspecified provisions
EUR 30,418,133.00
Liabilities
EUR 333,778,721.00
Financial debts
EUR 119,835,514.00
Liabilities due to banks
EUR 119,835,514.00
Other liabilities
EUR 213,943,207.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 181,176,155.00
Liabilities from received advance
payments
EUR 988,252.00
Liabililties due to related companiesEUR 1,489,633.00
Liabilities due to investee companiesEUR 20,853,591.00
Unspecified other liabilities
EUR 9,435,576.00
thereof liabilities from tax /
financial authorities
EUR 3,133,281.00
thereof liabilities from social
security
EUR 0.00
Other liabilities
EUR 2,300,100.00
Deferred taxes (not included under
provisions/liabilities)
EUR 2,300,100.00
Guarantees and other commitments
EUR 144,333,504.00
Guarantees
/ warranties EUR 144,333,504.00
Warranties
EUR 144,333,504.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 2,661,911,689.00
Other operating income
EUR 6,089,209.00
Cost of materials
EUR 2,555,636,523.00
Raw materials and supplies, purchased
goods
EUR 2,385,320,101.00
Purchased services
EUR 170,316,422.00
Gross result (+/-)
EUR 112,364,375.00
Staff expenses
EUR 68,329,764.00
Wages and salaries
EUR 63,353,362.00
Social security contributions and
expenses for pension plans and
benefits
EUR 4,976,402.00
Total depreciation
EUR 1,047,158.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,047,158.00
Other operating expenses
EUR 22,401,496.00
Operating result from continuing
operations EUR
20,585,957.00
Result from participating interests
(+/-)
EUR 58,456,335.00
Expenses / income from participations EUR 58,971,951.00
Income from related companies
EUR 58,971,951.00
Expenses for participations
EUR 515,616.00
Expenses for other participations
EUR 515,616.00
Expenses for the transfer of losses
EUR 2,312,155.00
Interest result (+/-)
EUR -290,078.00
Interest and similar income
EUR 1,868,425.00
thereof from related companies
EUR 403,739.00
Interest and similar expenses
EUR 2,158,503.00
thereof paid to related companies
EUR 133,618.00
Other financial result
EUR -3,845,155.00
Depreciation on financial assets and
marketable securities
EUR 3,845,155.00
Financial result (+/-)
EUR 52,008,947.00
Result from ordinary operations (+/-)
EUR 72,594,904.00
Extraordinary expenses
EUR 2,026,151.00
Extraordinary result (+/-)
EUR -2,026,151.00
Income tax / refund of income tax (+/-)EUR -6,690,497.00
Other taxes / refund of taxes
EUR -68,722.00
Tax
(+/-)
EUR -6,759,219.00
Annual surplus / annual deficit
EUR 63,809,534.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
UK Pound |
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.