MIRA INFORM REPORT

 

 

Report Date :

20.09.2014

 

                                                                          IDENTIFICATION DETAILS

 

Name :

ALBA METALL NORD GMBH

 

 

Registered Office :

Werkstr. 1, D 18069 Rostock, Post Box: 10 20 87, D 18003 Rostock

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

31.05.1990

 

 

Com. Reg. No.:

HRB 181

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Collection of non-hazardous waste

·         Collection of hazardous waste

·         Recovery of sorted materials

·         Demolition

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

Note :

 

Your inquiry: Interseroh Jade Stahl GmbH, Emsstr. 29, D 26382 Wilhelmshaven.

The subject of your inquiry is a branch. We are reporting on the headquarters.

 

Company name and address

 

ALBA Metall Nord GmbH

Werkstr. 1

D 18069 Rostock

Post Box:

10 20 87, D 18003 Rostock

Telephone:        0381/80906-0

Telefax:             0381/80906-24

Homepage:        www.alba.info

E-mail:              info@mab-rostock.de

 

 

VAT no            

 

DE137379212

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM                          Private limited company

 Date of foundation:                    31.05.1990

 Shareholders' agreement:           31.05.1990

 Registered on:                          03.07.1990

 Commercial Register:                Local court 18057 Rostock

 under:                                      HRB 181

 

 Share capital:                          EUR          6,211,000.00

 

 

 


Shareholder

 

                      ALBA Scrap and Metals Holding GmbH

                      Kohlenweg 1

                      D 44147 Dortmund

                      Legal form: Private limited company

                      Share capital:     EUR          9,000,000.00

                      Share:             EUR          6,211,000.00

                      Registered on: 17.08.1976

                      Reg. data: 44135 Dortmund, HRB 4317

                      Control agreement

 

 

 Manager

 

                      Rainer Kröger

                      Overbeckstr. 16

                      D 23564 Lübeck

                      born: 27.09.1964

                      Profession: Manager

 Manager:

                      Rüdiger Hochgräfe

                      Ginsterweg 43

                      D 19073 Wittenförden

                      born: 21.10.1970

                      Profession: Manager

 Manager:

                      Markus Karberg

                      D 23552 Lübeck

                      born: 28.04.1970

 

 

 Proxy

 

                      Carsten Sommer

                      Cranachstr. 17-18

                      D 12157 Berlin

                      authorized to jointly represent the company

                      born: 10.03.1967

 Proxy:

                      Detlef Meyer

                      Westring 29

                      D 15366 Neuenhagen

                      authorized to jointly represent the company

                      born: 12.02.1958

 Proxy:

                      Frank Werner Zicker

                      Salvador-Allende-Str. 2

                      D 18147 Rostock

                      authorized to jointly represent the company

                      born: 05.11.1958

 Proxy:

                      Karl-Patrick Kalk

                      D 26419 Schortens

                      authorized to jointly represent the company

                      born: 13.08.1969

 Proxy:

                      Roland Scholz

                      Quittenhag 23

                      D 16356 Ahrensfelde

                      authorized to jointly represent the company

                      born: 19.01.1956

 Proxy:

                      Bernhard Klaus

                      D 32278 Kirchlengern

                      authorized to jointly represent the company

                      born: 02.01.1962

 Proxy:

                      Frank Jürgens

                      D 26419 Schortens

                      authorized to jointly represent the company

                      born: 26.05.1969

 Proxy:

                      Timo Schneider

                      D 26382 Wilhelmshaven

                      authorized to jointly represent the company

                      born: 27.03.1970

 Proxy:

                      Sven Adler

                      D 19230 Hagenow

                      authorized to jointly represent the company

                      born: 22.08.1972

 Proxy:

                      David Appel

                      D 26789 Leer

                      authorized to jointly represent the company

                      born: 22.03.1979

 Proxy:

                      Christian Menz

                      D 15806 Zossen

                      authorized to jointly represent the company

                      born: 14.08.1977

 Proxy:

                      Michael Arnold

                      D 30159 Hannover

                      authorized to jointly represent the company

                      born: 29.07.1962

 

 Further functions/participations of Rainer Kröger (Manager)

 Manager:

                      ALBA Nord GmbH

                      Ziegeleiweg 12

                      D 19057 Schwerin

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         27.09.1990

                      Reg. data:  19053 Schwerin, HRB 558

 Manager:

                      ALBA Berlin GmbH

                      Flottenstr. 7-9

                      D 13407 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         18.04.2002

                      Reg. data:  14057 Berlin, HRB 84334 B

 

 

 Vice-president of the Supervisory Board

 

                      AWU Abfallwirtschafts-Union Oberhavel GmbH

                      Breite Str. 47a

                      D 16727 Velten

                      Legal form: Private limited company

                      Share capital:     EUR          3,835,000.00

                      Registered

                      on:         09.07.1990

                      Reg. data:  16816 Neuruppin, HRB 22 NP

 Vice-president of the Supervisory Board:

                      HAW Havelländische

                      Abfallwirtschaftsgesellschaft mbH

                      Schwanebecker Weg 4

                      D 14641 Nauen

                      Post Box:

                      11 50, D 14641 Nauen

                      Legal form: Private limited company

                      Share capital:     EUR            512,000.00

                      Registered

                      on:         05.03.1991

                      Reg. data:  14467 Potsdam, HRB 1275 P

 Proxy:

                      ALBA Group plc & Co. KG

                      Knesebeckstr. 56-58

                      D 10719 Berlin

                      Legal form: Limited partnership with public

                                  limited company as gen. part

                      Total cap.         EUR          1,000,200.00

                      contribution:

                      Registered

                      on:         28.04.2005

                      Reg. data:  14057 Berlin, HRA 36525 B

 Proxy:

                      ALBA Group Europe plc

                      Knesebeckstr. 56-58

                      D 10719 Berlin

                      Legal form: Branch of a public limited

                                  company under foreign law

                      Share capital:     GBP             50,000.00

                      Registered

                      on:         19.01.2011

                      Reg. data:  14057 Berlin, HRB 131617 B

 

 Further functions/participations of Rüdiger Hochgräfe (Manager)

 Manager:

                      ALBA Nord GmbH

                      Ziegeleiweg 12

                      D 19057 Schwerin

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         27.09.1990

                      Reg. data:  19053 Schwerin, HRB 558

 Manager:

                      RBMV Reststoff-Behandlung GmbH

                      Mecklenburg-Vorpommern

                      Ziegeleiweg 12

                      D 19057 Schwerin

                      Legal form: Private limited company

                                  dissolved

                      Share capital:     EUR            120,000.00

                      Registered

                      on:         22.09.2003

                      Reg. data:  19053 Schwerin, HRB 8148

 Manager:

                      ALBA Management GmbH

                      Knesebeckstr. 56-58

                      D 10719 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         21.03.2002

                      Reg. data:  14057 Berlin, HRB 84014 B

 Member of the Supervisory Board:

                      ALBA Uckermark GmbH

                      Kuhheide 15

                      D 16303 Schwedt

                      Legal form: Private limited company

                      Share capital:     EUR          1,278,229.70

                      Registered

                      on:         10.01.2013

                      Reg. data:  16816 Neuruppin, HRB 9867 NP

 Member of the Supervisory Board:

                      AWU Abfallwirtschafts-Union Oberhavel GmbH

                      Breite Str. 47a

                      D 16727 Velten

                      Legal form: Private limited company

                      Share capital:     EUR          3,835,000.00

                      Registered

                      on:         09.07.1990

                      Reg. data:  16816 Neuruppin, HRB 22 NP

 Member of the Supervisory Board:

                      HAW Havelländische

                      Abfallwirtschaftsgesellschaft mbH

                      Schwanebecker Weg 4

                      D 14641 Nauen

                      Post Box:

                      11 50, D 14641 Nauen

                      Legal form: Private limited company

                      Share capital:     EUR            512,000.00

                      Registered

                      on:         05.03.1991

                      Reg. data:  14467 Potsdam, HRB 1275 P

 Proxy:

                      ALBA Group plc & Co. KG

                      Knesebeckstr. 56-58

                      D 10719 Berlin

                      Legal form: Limited partnership with public

                                  limited company as gen. part

                      Total cap.         EUR          1,000,200.00

                      contribution:

                      Registered

                      on:         28.04.2005

                      Reg. data:  14057 Berlin, HRA 36525 B

 Proxy:

                      ALBA Group Europe plc

                      Knesebeckstr. 56-58

                      D 10719 Berlin

                      Legal form: Branch of a public limited

                                  company under foreign law

                      Share capital:     GBP             50,000.00

                      Registered

                      on:         19.01.2011

                      Reg. data:  14057 Berlin, HRB 131617 B

 

 Further functions/participations of Markus Karberg (Manager)

 Proxy:

                      ALBA Group Europe plc

                      Knesebeckstr. 56-58

                      D 10719 Berlin

                      Legal form: Branch of a public limited

                                  company under foreign law

                      Share capital:     GBP             50,000.00

                      Registered

                      on:         19.01.2011

                      Reg. data:  14057 Berlin, HRB 131617 B

 Proxy:

                      ALBA Group plc & Co. KG

                      Knesebeckstr. 56-58

                      D 10719 Berlin

                      Legal form: Limited partnership with public

                                  limited company as gen. part

                      Total cap.         EUR          1,000,200.00

                      contribution:

                      Registered

                      on:         28.04.2005

                      Reg. data:  14057 Berlin, HRA 36525 B

 

 

 COMPANY HISTORY

 

 31.05.1990 - 25.06.1999  Metallaufbereitung Rostock GmbH

                          Werkstr. 1

                          D 18069 Rostock

                          Private limited company

 25.06.1999 - 08.03.2011  INTERSEROH-Metallaufbereitung Rostock

                          GmbH

                          Werkstr. 1

                          D 18069 Rostock

                          Private limited company

 08.03.2011 - 18.11.2013  INTERSEROH Metallaufbereitung Ost GmbH

                          Werkstr. 1

                          D 18069 Rostock

                          Private limited company

 18.11.2013 - 02.09.2014  ALBA Metall Ost GmbH

                          Werkstr. 1

                          D 18069 Rostock

                          Private limited company

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 03.01.2011 - 22.07.2014  Manager

                          Detlef Meyer

                          D 15366 Neuenhagen

 03.07.2012 - 18.04.2013  Manager

                          Frank Marczinek

                          D 12621 Berlin

 18.02.2011 - 06.02.2012  Manager

                          Henning Möbius

                          D 18184 Klein Kussewitz

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 3811    Collection of non-hazardous waste

3812    Collection of hazardous waste

38320   Recovery of sorted materials

43110   Demolition

 

 

 BRANCHES AND FACTORIES

 

 Works:

                      ALBA Metall Nord GmbH

                      Industriestr. 16

                      D 15366 Hoppegarten

                      TEL.: 030/35182430

                      FAX.: 030/35182819

 Works:

                      ALBA Metall Nord GmbH

                      Muhlitzer Str. 3

                      D 18573 Samtens

                      TEL.: 0172/3817029

 Works:

                      ALBA Metall Nord GmbH

                      Kruseshofer Str. 21

                      D 17036 Neubrandenburg

                      TEL.: 0395/3698315

 Works:

                      ALBA Metall Nord GmbH

                      Waldsiedlung 7

                      D 17358 Torgelow

                      TEL.: 03976/202392

 Works:

                      ALBA Metall Nord GmbH

                      Krösliner Str. 5

                      D 17438 Wolgast

                      TEL.: 03836/2024800

 Works:

                      ALBA Metall Nord GmbH

                      Friedrich-von-Hagenow-Str. 10

                      D 17493 Greifswald

                      TEL.: 03834/841-059

 Works:

                      ALBA Metall Nord GmbH

                      Am Nordhafen 11

                      D 15711 Königs Wusterhausen

                      TEL.: 03375/671210

 Works:

                      ALBA Metall Nord GmbH

                      Herzbergstr. 46-48

                      D 10365 Berlin

                      TEL.: 030/35182-9150

 Works:

                      ALBA Metall Nord GmbH

                      Ziegrastr. 2-46

                      D 12057 Berlin

                      TEL.: 030/35182-814

 Works:

                      ALBA Metall Nord GmbH

                      Roedernallee 184

                      D 13407 Berlin

                      TEL.: 030/4110-7866

 Works:

                      ALBA Metall Nord GmbH

                      Nonnendammallee 28

                      D 13599 Berlin

                      TEL.: 030/35182-843

 Works:

                      ALBA Metall Nord GmbH

                      Breite Str. 47b

                      D 16727 Velten

                      TEL.: 03304/376-323

 Works:

                      ALBA Metall Nord GmbH

                      Am Hafen 22

                      D 14727 Premnitz

                      TEL.: 03386/200116

 Works:

                      ALBA Metall Nord GmbH

                      Ruhlsdorfer Str. 100

                      D 14513 Teltow

                      TEL.: 03328/308581

 Works:

                      ALBA Metall Nord GmbH

                      Dämmchenweg 16

                      D 14943 Luckenwalde

                      TEL.: 03371/632057

 Works:

                      ALBA Metall Nord GmbH

                      Ritzlebener Str. 29

                      D 29410 Salzwedel

                      TEL.: 039037/222

 Works:

                      ALBA Metall Nord GmbH

                      Birnbaumweg 1

                      D 15926 Luckau

                      TEL.: 035456/5130

 Works:

                      ALBA Metall Nord GmbH

                      Nordstr. 4

                      D 03222 Lübbenau

                      TEL.: 03542/2567

 Works:

                      ALBA Metall Nord GmbH

                      Werftstr. 1

                      D 23966 Wismar

                      TEL.: 03841/213791

 Works:

                      ALBA Metall Nord GmbH

                      Skeppargatan 28

                      S 61321 Oxelösund

 Works:

                      ALBA Metall Nord GmbH

                      Utögatan 8

                      S 21124 Malmö

 Works:

                      ALBA Metall Nord GmbH

                      Ytterhamnen

                      S 29435 Sölvesborg

 Branch:

                      ALBA Metall Nord GmbH

                      Buchholzer Chaussee 5

                      D 19348 Quitzow

 Branch:

                      ALBA Metall Nord GmbH

                      Rogahner Str. 72

                      D 19061 Schwerin

                      TEL.: 0385/613181

 Branch:

                      ALBA Metall Nord GmbH

                      Dänholmstr. 13

                      D 18439 Stralsund

                      TEL.: 03831/2617-0

                      FAX.: 03831/280897

 Branch:

                      ALBA Metall Nord GmbH

                      Torneywinkel 4

                      D 23970 Wismar

                      TEL.: 03841/209060

 Branch:

                      ALBA Metall Nord GmbH

                      Davidsohnweg 2

                      D 17109 Demmin

 Branch:

                      ALBA Metall Nord GmbH

                      An der Kleinbahn 13a

                      D 17098 Friedland

                      TEL.: 039601/2760

                      FAX.: 039601/27655

 Branch:

                      ALBA Metall Nord GmbH

                      Mühlenkamp 8

                      D 23569 Lübeck

                      TEL.: 0451/39886-0

                      FAX.: 0451/391095

 Branch:

                      ALBA Metall Nord GmbH

                      An der Mühle 31

                      D 19322 Weisen

 Branch:

                      ALBA Metall Nord GmbH

                      Alte Speicherstr. 17

                      D 30453 Hannover

                      Reg. entry: 02.09.2014

 Branch:

                      ALBA Metall Nord GmbH

                      Zum Wasserwerk 6

                      D 18147 Rostock

                      Reg. entry: 02.09.2014

 Branch:

                      ALBA Metall Nord GmbH

                      Emsstr. 29

                      D 26382 Wilhelmshaven

                      TEL.: 04421/4020

 

 

 PARTICIPATIONS

 

 Shareholder:

                      Ölmühlen GmbH Nord-Ost

                      Zur Hölle 1 OT Camitz

                      D 18334 Semlow

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             67,600.00

                      Share:             EUR             14,900.00

                      Reg. data:  27.11.2006

                                  Local court 18439 Stralsund

                                  HRB 7089

 Shareholder:

                      Ziems Recycling GmbH

                      Am Bahnhof

                      D 17213 Malchow

                      Legal form: Private limited company

                      Company Status: insolvent

                      since:          29.08.2014

                      Share capital:     EUR             25,000.00

                      Share:             EUR              6,250.00

                      Reg. data:  15.08.2002

                                  Local court 17033 Neubrandenburg

                                  HRB 5812

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  within periods customary in this trade

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2012

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Werkstr. 1

                      D 18069 Rostock

 Value at selling price:                 EUR         10,226,000.00

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 COMMERZBANK, 18006 ROSTOCK

 Sort. code: 13040000

 BIC: COBADEFFXXX

 

 Further banks

 DEUTSCHE BANK, 18002 ROSTOCK

 Sort. code: 13070000, Account no.: 1106707

 BIC: DEUTDEBRXXX, IBAN: DE35130700000110670700

 COMMERZBANK VORMALS DRESDNER BANK, 18010 ROSTOCK

 Sort. code: 13080000

 BIC: DRESDEFF130

 

 

 FINANCIAL FIGURES

 

 Turnover:            2012               EUR        223,484,468.00

 Profit:              2012               EUR          3,322,990.00

 Equipment:                              EUR          3,069,122.00

 Ac/ts receivable:                       EUR         25,372,646.00

 Liabilities:                            EUR         33,075,862.00

 Employees:                                                    300

 - thereof permanent staff:                                    277

 - Trainees:                                                    23

 

 Control agreement to:

                      ALBA Scrap and Metals Holding GmbH

                      Kohlenweg 1

                      D 44147 Dortmund

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 26.63

 Liquidity ratio:                   0.77

 Return on total capital [%]:       6.32

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 56.49

 Liquidity ratio:                   1.30

 Return on total capital [%]:       3.84

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 57.84

 Liquidity ratio:                   1.78

 Return on total capital [%]:      -5.81

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 47.74

 Liquidity ratio:                   1.42

 Return on total capital [%]:       0.41

 

 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         52,776,221.38

  Fixed assets                           EUR         16,760,105.50

   Intangible assets                     EUR            214,496.00

    Concessions, licences, rights        EUR             12,848.00

    Goodwill                             EUR            201,648.00

   Tangible assets                       EUR         15,775,808.99

    Land / similar rights                EUR         11,384,974.99

    Plant / machinery                    EUR          1,321,712.00

    Other tangible assets / fixtures and

    fittings                             EUR          3,069,122.00

   Financial assets                      EUR            769,800.51

    Shares in participations /

    subsidiaries and the like            EUR            769,800.51

     Shares in related companies         EUR                  0.51

     Shares in investee companies        EUR            769,800.00

  Current assets                         EUR         35,992,367.57

   Stocks                                EUR         10,334,763.10

    Raw materials, consumables and

    supplies                             EUR            130,261.30

    Finished goods / work in progress    EUR         10,204,501.80

   Accounts receivable                   EUR         25,372,646.23

    Trade debtors                        EUR          7,154,722.96

    Amounts due from related companies   EUR         16,107,700.69

    Amounts due from investee companies  EUR             73,321.18

    Other debtors and assets             EUR          2,036,901.40

   Liquid means                          EUR            284,958.24

  Remaining other assets                 EUR             23,748.31

   Accruals (assets)                     EUR             23,748.31

 

 LIABILITIES                             EUR         52,776,221.38

  Shareholders' equity                   EUR         13,839,151.23

   Capital                               EUR          6,211,000.00

    Subscribed capital (share capital)   EUR          6,211,000.00

   Reserves                              EUR          9,536,564.01

    Capital reserves                     EUR          2,865,917.92

    Retained earnings / revenue reserves EUR          6,670,646.09

   Balance sheet profit/loss (+/-)       EUR         -1,908,412.78

    Profit / loss brought forward        EUR         -5,231,402.79

    Annual surplus / annual deficit      EUR          3,322,990.01

  Items between shareholders' equity and

  debt capital                           EUR            690,317.00

   Special items with reserve funds      EUR             10,656.00

   Allowances / bonuses                  EUR            679,661.00

  Provisions                             EUR          5,167,857.19

   Pension provisions and comparable

   provisions                            EUR              6,806.98

   Provisions for taxes                  EUR          3,282,065.00

   Other / unspecified provisions        EUR          1,878,985.21

  Liabilities                            EUR         33,075,861.84

   Financial debts                       EUR          1,230,647.56

    Liabilities due to banks             EUR          1,230,647.56

   Other liabilities                     EUR         31,845,214.28

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          9,472,839.38

    Liabililties due to related companiesEUR         20,819,679.11

    Unspecified other liabilities        EUR          1,552,695.79

     thereof liabilities from tax /

     financial authorities               EUR          1,527,146.81

     thereof liabilities from social

     security                            EUR             11,837.49

  Other liabilities                      EUR              3,034.12

   Deferrals (liabilities)               EUR              3,034.12

 

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

 Code (HGB)

  Sales                                  EUR        223,484,468.38

  Inventory change + own costs (+/-)     EUR           -615,832.55

   Inventory change (+/-)                EUR           -615,832.55

  Other operating income                 EUR          6,928,841.57

  Cost of materials                      EUR        190,562,790.76

   Raw materials and supplies, purchased

   goods                                 EUR        186,163,302.01

   Purchased services                    EUR          4,399,488.75

  Gross result (+/-)                     EUR         39,234,686.64

  Staff expenses                         EUR         10,769,750.26

   Wages and salaries                    EUR          8,971,689.81

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,798,060.45

  Total depreciation                     EUR          2,661,414.44

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          2,661,414.44

  Other operating expenses               EUR         16,712,541.68

  Operating result from continuing

  operations                             EUR          9,090,980.26

  Interest result (+/-)                  EUR         -2,078,646.61

   Interest and similar income           EUR            160,489.56

    thereof from related companies       EUR             94,675.86

   Interest and similar expenses         EUR          2,239,136.17

    thereof paid to related companies    EUR          1,583,849.56

  Financial result (+/-)                 EUR         -2,078,646.61

  Result from ordinary operations (+/-)  EUR          7,012,333.65

  Extraordinary expenses                 EUR              1,022.00

  Extraordinary result (+/-)             EUR             -1,022.00

  Income tax / refund of income tax (+/-)EUR         -2,707,723.52

  Other taxes / refund of taxes          EUR           -980,598.12

  Tax (+/-)                              EUR         -3,688,321.64

  Annual surplus / annual deficit        EUR          3,322,990.01

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR         52,703,034.92

  Fixed assets                           EUR         18,017,005.50

   Intangible assets                     EUR            287,233.00

    Concessions, licences, rights        EUR             16,465.00

    Goodwill                             EUR            270,768.00

   Tangible assets                       EUR         16,959,971.99

    Land / similar rights                EUR         12,015,596.99

    Plant / machinery                    EUR          2,151,247.00

    Other tangible assets / fixtures and

    fittings                             EUR          2,793,128.00

   Financial assets                      EUR            769,800.51

    Shares in participations /

    subsidiaries and the like            EUR            769,800.51

     Shares in related companies         EUR                  0.51

     Shares in investee companies        EUR            769,800.00

  Current assets                         EUR         34,648,374.59

   Stocks                                EUR         10,617,208.76

    Raw materials, consumables and

    supplies                             EUR            103,370.54

    Finished goods / work in progress    EUR         10,513,838.22

   Accounts receivable                   EUR         23,830,520.84

    Trade debtors                        EUR          8,337,801.45

    Amounts due from related companies   EUR         13,651,070.06

    Amounts due from investee companies  EUR            313,114.65

    Other debtors and assets             EUR          1,528,534.68

   Liquid means                          EUR            200,644.99

  Remaining other assets                 EUR             37,654.83

   Accruals (assets)                     EUR             37,654.83

 

 LIABILITIES                             EUR         52,703,034.92

  Shareholders' equity                   EUR         10,516,161.22

   Capital                               EUR          6,211,000.00

    Subscribed capital (share capital)   EUR          6,211,000.00

   Reserves                              EUR          9,536,564.01

    Capital reserves                     EUR          2,865,917.92

    Retained earnings / revenue reserves EUR          6,670,646.09

   Balance sheet profit/loss (+/-)       EUR         -5,231,402.79

    Profit / loss brought forward        EUR            305,461.07

    Annual surplus / annual deficit      EUR         -5,536,863.86

  Items between shareholders' equity and

  debt capital                           EUR            638,042.17

   Special items with reserve funds      EUR             11,910.00

   Allowances / bonuses                  EUR            626,132.17

  Provisions                             EUR          4,188,120.53

   Pension provisions and comparable

   provisions                            EUR              3,418.98

   Provisions for taxes                  EUR          1,100,089.44

   Other / unspecified provisions        EUR          3,084,612.11

  Liabilities                            EUR         37,342,997.83

   Financial debts                       EUR          1,109,998.18

    Liabilities due to banks             EUR          1,109,998.18

   Other liabilities                     EUR         36,232,999.65

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         11,214,097.78

    Liabililties due to related companiesEUR         24,728,913.06

    Unspecified other liabilities        EUR            289,988.81

     thereof liabilities from tax /

     financial authorities               EUR            272,269.01

  Other liabilities                      EUR             17,713.17

   Deferrals (liabilities)               EUR             17,713.17

  Guarantees and other commitments       EUR          1,013,000.00

   Guarantees / warranties               EUR          1,013,000.00

    Guarantees                           EUR          1,013,000.00

 

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

 Code (HGB)

  Sales                                  EUR        222,371,446.08

  Inventory change + own costs (+/-)     EUR           -266,534.98

   Inventory change (+/-)                EUR           -266,534.98

  Other operating income                 EUR          2,926,204.25

  Cost of materials                      EUR        190,775,543.91

   Raw materials and supplies, purchased

   goods                                 EUR        186,690,460.74

   Purchased services                    EUR          4,085,083.17

  Gross result (+/-)                     EUR         34,255,571.44

  Staff expenses                         EUR         10,088,833.35

   Wages and salaries                    EUR          8,331,158.76

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,757,674.59

  Total depreciation                     EUR          2,964,318.17

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          2,964,318.17

  Other operating expenses               EUR         16,335,765.07

  Operating result from continuing

  operations                             EUR          4,866,654.85

  Interest result (+/-)                  EUR         -2,275,730.99

   Interest and similar income           EUR             48,488.03

    thereof from related companies       EUR             17,198.91

   Interest and similar expenses         EUR          2,324,219.02

    thereof paid to related companies    EUR          1,932,412.94

  Financial result (+/-)                 EUR         -2,275,730.99

  Result from ordinary operations (+/-)  EUR          2,590,923.86

  Extraordinary expenses                 EUR          7,515,976.32

  Extraordinary result (+/-)             EUR         -7,515,976.32

  Income tax / refund of income tax (+/-)EUR           -112,072.76

  Other taxes / refund of taxes          EUR           -499,738.64

  Tax (+/-)                              EUR           -611,811.40

  Annual surplus / annual deficit        EUR         -5,536,863.86


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.80

UK Pound

1

Rs.100.06

Euro

1

Rs.78.46

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

PDT

 

               

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.