MIRA INFORM REPORT

 

 

Report No. :

353414

Report Date :

11.12.2015

 

IDENTIFICATION DETAILS

 

Name :

IREKS GMBH

 

 

Registered Office :

Lichtenfelser Str. 20 D 95326 Kulmbach Post Box: 1529, D 95306 Kulmbach

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

1856

 

 

Com. Reg. No.:

HRB 86

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

  • Manufacture of other food product.
  • Manufacture of malt.
  • Wholesale of other food.

 

 

No. of Employee :

921

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

NOTES :

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

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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, 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 5.2% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 plans to replace nuclear power with renewable energy, which accounted for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.

 

Source : CIA

Comapny anme and address

 

IREKS GMBH

 

 Company Status:      active

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Post Box:

                      1529, D 95306 Kulmbach

                      Telephone:09221/706-0

                      Telefax:  09221/706-306

                      Homepage: www.ireks.de

                      E-mail:   info@ireks.de

 

 VAT no.:             DE132360421

 Tax ID number:       208/182/31002

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Sumamry

 

 LEGAL FORM                          Private limited company

 Date of foundation:                  1856

 Registered on:                         05.04.1900

 Commercial Register:               Local court 95444 Bayreuth

 under:                                                  HRB 86

 

 

 Share capital

 

EUR         36,000,000.00

 

 Shareholder:

                      J. Ruckdeschel & Söhne GmbH & Co. KG

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR          2,808,000.00

                      contribution:

                      Share:             EUR         19,968,000.00

                      Registered on: 09.09.1914

                      Reg. data: 95444 Bayreuth, HRA 186

 Shareholder:

                      IREKS GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Post Box:

                      1529, D 95306 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR         36,000,000.00

                      Share:             EUR         12,960,000.00

                      Registered on: 05.04.1900

                      Reg. data: 95444 Bayreuth, HRB 86

 Shareholder:

                      Albert Ruckdeschel GmbH & Co. KG

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR            432,000.00

                      contribution:

                      Share:             EUR          3,072,000.00

                      Registered on: 08.01.1950

                      Reg. data: 95444 Bayreuth, HRA 187

 Manager:

                      Hans Albert Ruckdeschel

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 26.03.1944

                      Profession: Fully qualified merchant

                      Marital status: married

 Manager:

                      Stefan Soiné

                      Döllnitz 41

                      D 95359 Kasendorf

                      authorized to jointly represent the company

                      born: 01.06.1958

                      Profession: graduate engineer

                      Marital status: married

 Manager:

                      Jürgen Brinkmann

                      Mühlstr. 13

                      D 95500 Heinersreuth

                      authorized to jointly represent the company

                      born: 07.08.1956

                      Profession: Fully qualified merchant

 Manager:

                      Lutz Peter Hager

                      Am Galgenberg 49

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 30.11.1957

 Manager:

                      Robert Prause

                      Stolzingstr. 50

                      D 95445 Bayreuth

                      born: 07.01.1959

 Manager:

                      Thomas Krupp

                      D 95326 Kulmbach

                      born: 24.09.1960

 President of the Supervisory Board:

                      Dr. Peter Fischer

                      D 95445 Bayreuth

 Vice-president of the Supervisory Board:

                      Dr. Herbert Bauerschmidt

                      D 95326 Kulmbach

 Member of the Supervisory Board:

                      Gerd A. Bühler

                      Georgenstr. 8

                      D 80799 München

                      born: 17.01.1951

                      Profession: lawyer and tax consultant

                      Marital status: married

 Member of the Supervisory Board:

                      Dr. Rainer Grimme

                      Tegernseeweg 67

                      D 95445 Bayreuth

                      born: 1956

                      Profession: Solicitor

                      Marital status: married

 Representative of the Employees within the Supervisory Board:

                      Herbert Pieper

                      Gundersreuth 24

                      D 95336 Mainleus

                      Profession: Locksmith

 Representative of the Employees within the Supervisory Board:

                      Ralf Eberlein

                      D 96224 Burgkunstadt

                      Profession: Clerk

 Proxy:

                      Markus Wieczorek

                      D 95488 Eckersdorf

                      authorized to jointly represent the company

                      born: 30.08.1964

 Proxy:

                      Detlef Reineke

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 03.03.1956

 Proxy:

                      Stephan Gimpel-Henning

                      Dr.-Martin-Luther-Str. 11a

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 04.08.1957

                      Profession: graduate engineer

 Proxy:

                      Dr. Klaus Langer

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 04.01.1966

 Proxy:

                      Robert Michael Sprinzl

                      D 97502 Euerbach

                      authorized to jointly represent the company

                      born: 19.06.1969

 Proxy:

                      Stefan Schwind

                      Wachtelweg 1

                      D 95445 Bayreuth

                      authorized to jointly represent the company

                      born: 25.12.1966

 Proxy:

                      Udo Skaper

                      D 95213 Münchberg

                      authorized to jointly represent the company

 Proxy:

                      Hans-Peter Bauriedel

                      D 95512 Neudrossenfeld

                      authorized to jointly represent the company

                      born: 28.09.1963

 Proxy:

                      Detlef Topp

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 08.03.1964

 Proxy:

                      Thomas Ströbel

                      D 95444 Bayreuth

                      authorized to jointly represent the company

                      born: 27.10.1967

 Proxy:

                      Harald Schwark

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 30.08.1958

 Proxy:

                      Marcus Kuss

                      D 95444 Bayreuth

                      authorized to jointly represent the company

                      born: 06.01.1966

 Proxy:

                      Dr. rer. pol. Sabine Krätzschmar

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 23.02.1967

 Proxy:

                      Dr. Bernd Kaufmann

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 16.09.1960

 Proxy:

                      Mustafa Gayret

                      D 95369 Untersteinach

                      authorized to jointly represent the company

                      born: 01.01.1963

 Proxy:

                      Matthias Böttcher

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 18.07.1967

 Proxy:

                      Uwe Otto Wilhelm Schneider

                      D 95500 Heinersreuth

                      authorized to jointly represent the company

                      born: 17.01.1967

 Proxy:

                      Joachim Zahn

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 23.10.1964

 Proxy:

                      Markus Hombach

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 21.07.1967

 Proxy:

                      Dr. rer. nat. Mathias Warwel

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 09.03.1971

 Proxy:

                      Harry Sembach

                      Dorfstr. 4

                      D 95339 Neuenmarkt

                      authorized to jointly represent the company

                      born: 20.05.1956

 Proxy:

                      Stefan Siegele

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 10.04.1970

 Proxy:

                      Ralf Schappert

                      D 95326 Kulmbach

                      authorized to jointly represent the company

                      born: 12.02.1963

 

 Further functions/participations of Hans Albert Ruckdeschel

 (Manager)

 

 Limited partner:

                      Kurzentrum Waren (Müritz) GmbH & Co. KG

                      Am Kurpark 2

                      D 17192 Waren

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR          3,505,000.00

                      contribution:

                      Share:             EUR            400,000.00

                      Registered

                      on:         09.12.2009

                      Reg. data:  17033 Neubrandenburg, HRA 2069

 Limited partner:

                      Albert Ruckdeschel GmbH & Co. KG

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            432,000.00

                      contribution:

                      Share:             EUR            144,000.00

                      Registered

                      on:         08.01.1950

                      Reg. data:  95444 Bayreuth, HRA 187

 Limited partner:

                      J. Ruckdeschel & Söhne GmbH & Co. KG

                      Altonaer Str. 74-76

                      D 13581 Berlin

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            181,992.52

                      contribution:

                      Share:             EUR             51,129.19

                      Registered

                      on:         29.10.1943

                      Reg. data:  14057 Berlin, HRA 3096 B

 Shareholder:

                      Annabell Verwaltungs GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         24.01.2003

                      Reg. data:  95444 Bayreuth, HRB 3754

 Shareholder:

                      Gesell GmbH

                      Schillerstr. 27

                      D 95163 Weißenstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR              1,000.00

                      Registered

                      on:         23.11.2004

                      Reg. data:  95030 Hof, HRB 3805

 Manager:

                      Kulmbacher Unima Malzfabrik G.m.b.H.

                      Penselstr. 2

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         23.12.1953

                      Reg. data:  95444 Bayreuth, HRB 81

 Manager:

                      IREKS GmbH International

                      Beteiligungsgesellschaft

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         16.01.2001

                      Reg. data:  95444 Bayreuth, HRB 3391

 Manager:

                      Ruckdeschel Verwaltungs-GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         07.11.1990

                      Reg. data:  95444 Bayreuth, HRB 3000

 Manager:

                      Annabell Verwaltungs GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         24.01.2003

                      Reg. data:  95444 Bayreuth, HRB 3754

 President of the Board of Directors:

                      Bayerischer Mälzerbund eingetragener Verein

                      Buchendorfer Str. 17

                      D 82131 Gauting

                      Legal form: Registered association

                      Registered

                      on:         20.05.1947

                      Reg. data:  80333 München, VR 4114

 Vice-president of the Board of Directors:

                      Arbeitgeberverband der Bayrischen

                      Ernährungswirtschaft e.V.

                      Oskar-von-Miller-Ring 1

                      D 80333 München

                      Legal form: Registered association

                      Registered

                      on:         13.09.1999

                      Reg. data:  80333 München, VR 16635

 Vice-president of the Supervisory Board:

                      Kulmbacher Brauerei Aktien-Gesellschaft

                      Lichtenfelser Str. 9

                      D 95326 Kulmbach

                      Post Box:

                      18 60, D 95310 Kulmbach

                      Legal form: Public limited company

                      Share capital:     EUR          8,600,000.00

                      Registered

                      on:         04.02.1895

                      Reg. data:  95444 Bayreuth, HRB 62

 

 Further functions/participations of Stefan Soiné (Manager)

 Shareholder:

 

                      JBT GmbH

                      Döllnitz 41

                      D 95359 Kasendorf

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Share:             EUR             13,250.00

                      Registered

                      on:         14.12.1998

                      Reg. data:  95444 Bayreuth, HRB 2976

 Manager:

                      Kulmbacher Unima Malzfabrik G.m.b.H.

                      Penselstr. 2

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         23.12.1953

                      Reg. data:  95444 Bayreuth, HRB 81

 Manager:

                      IREKS GmbH International

                      Beteiligungsgesellschaft

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         16.01.2001

                      Reg. data:  95444 Bayreuth, HRB 3391

 Manager:

                      IREKS Beteiligungs-GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         16.09.2010

                      Reg. data:  95444 Bayreuth, HRB 5217

 President of the Board of Directors:

                      Bayerisches Brauerei- und Bäckereimuseum

                      Kulmbach e.V.

                      Hofer Str. 20

                      D 95326 Kulmbach

                      Legal form: Registered association

                      Registered

                      on:         10.07.1991

                      Reg. data:  95444 Bayreuth, VR 10311

 Member of the Board of Directors:

                      Deutscher Mälzerbund

                      Friedberger Anlage 27

                      D 60316 Frankfurt

                      Legal form: Registered association

                      Registered

                      on:         13.06.2008

                      Reg. data:  60313 Frankfurt, VR 13982

 

 Further functions/participations of Jürgen Brinkmann (Manager)

 Limited partner:

 

                      all-akustik GmbH & Co. KG

                      Am Herrenhäuser Bahnhof 26/30

                      D 30419 Hannover

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR          1,789,521.58

                      contribution:

                      Share:             EUR            143,161.73

                      Registered

                      on:         13.04.1972

                      Reg. data:  30175 Hannover, HRA 22113

 Limited partner:

                      Grundstücksgesellschaft Am Herrenhäuser

                      Bahnhof GmbH & Co. KG

                      Am Herrenhäuser Bahnhof 24-26

                      D 30419 Hannover

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            260,000.00

                      contribution:

                      Share:             EUR             20,800.00

                      Registered

                      on:         30.01.1989

                      Reg. data:  30175 Hannover, HRA 24681

 Shareholder:

                      all-akustik Geschäftsführungs-GmbH

                      Am Herrenhäuser Bahnhof 26/30

                      D 30419 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Share:             EUR              3,900.00

                      Registered

                      on:         24.02.1972

                      Reg. data:  30175 Hannover, HRB 7030

 Shareholder:

                      Grundstücks-Verwaltungs-Gesellschaft Am

                      Herrenhäuser Bahnhof mit beschränkter

                      Haftung

                      Am Herrenhäuser Bahnhof 24-30

                      D 30419 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Share:             EUR              3,900.00

                      Registered

                      on:         08.09.1988

                      Reg. data:  30175 Hannover, HRB 50799

 Manager:

                      all-akustik Geschäftsführungs-GmbH

                      Am Herrenhäuser Bahnhof 26/30

                      D 30419 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         24.02.1972

                      Reg. data:  30175 Hannover, HRB 7030

 Manager:

                      Grundstücks-Verwaltungs-Gesellschaft Am

                      Herrenhäuser Bahnhof mit beschränkter

                      Haftung

                      Am Herrenhäuser Bahnhof 24-30

                      D 30419 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         08.09.1988

                      Reg. data:  30175 Hannover, HRB 50799

 Manager:

                      IREKS GmbH International

                      Beteiligungsgesellschaft

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         16.01.2001

                      Reg. data:  95444 Bayreuth, HRB 3391

 Manager:

                      IREKS Beteiligungs-GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         16.09.2010

                      Reg. data:  95444 Bayreuth, HRB 5217

 Member of the Supervisory Board:

                      Einbecker Brauhaus Aktiengesellschaft

                      Papenstr. 4-7

                      D 37574 Einbeck

                      Post Box:

                      16 54, D 37557 Einbeck

                      Legal form: Public limited company

                      Share capital:     EUR          7,286,395.00

                      Registered

                      on:         06.10.1954

                      Reg. data:  37073 Göttingen, HRB 130999

 

 Further functions/participations of Lutz Peter Hager (Manager)

 Manager:

 

                      Weimarer Industriebedarf GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         23.04.2008

                      Reg. data:  95444 Bayreuth, HRB 4667

 Manager:

                      JRB Verwaltungsgesellschaft mbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         10.07.2006

                      Reg. data:  95444 Bayreuth, HRB 4341

 Manager:

                      IRUSO GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Post Box:

                      18 29

                      Legal form: Private limited company

                      Share capital:     EUR          1,000,000.00

                      Registered

                      on:         04.11.1920

                      Reg. data:  95444 Bayreuth, HRB 107

 Manager:

                      A m y l o n N ä h r m i t t e l Gesellschaft

                      mit beschränkter Haftung

                      Altonaer Str. 74-76

                      D 13581 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             30,677.51

                      Registered

                      on:         02.05.1955

                      Reg. data:  14057 Berlin, HRB 3581

 Manager:

                      IREKS GmbH International

                      Beteiligungsgesellschaft

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         16.01.2001

                      Reg. data:  95444 Bayreuth, HRB 3391

 Manager:

                      IREKS Beteiligungs-GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         16.09.2010

                      Reg. data:  95444 Bayreuth, HRB 5217

 Proxy:

                      Kulmbacher Unima Malzfabrik G.m.b.H.

                      Penselstr. 2

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         23.12.1953

                      Reg. data:  95444 Bayreuth, HRB 81

 Proxy:

                      Dreidoppel GmbH

                      Ernst-Abbe-Str. 4-6

                      D 40764 Langenfeld

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         18.11.2004

                      Reg. data:  40227 Düsseldorf, HRB 50794

 

 Further functions/participations of Robert Prause (Manager)

 Manager:

 

                      IREKS GmbH International

                      Beteiligungsgesellschaft

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         16.01.2001

                      Reg. data:  95444 Bayreuth, HRB 3391

 Manager:

                      IREKS Beteiligungs-GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         16.09.2010

                      Reg. data:  95444 Bayreuth, HRB 5217

 

 Further functions/participations of Thomas Krupp (Manager)

 Manager:

 

                      Dreidoppel GmbH

                      Ernst-Abbe-Str. 4-6

                      D 40764 Langenfeld

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         18.11.2004

                      Reg. data:  40227 Düsseldorf, HRB 50794

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 

 1089    Manufacture of other food products n.e.c.

1106    Manufacture of malt

4638    Wholesale of other food

 

 

 BRANCHES AND FACTORIES

 

 Works:

                      IREKS GmbH

                      Bultstr. 17

                      D 30159 Hannover

                      TEL.: 0511/280600

                      FAX.: 0511/28060-60

 Works:

                      IREKS GmbH

                      Penselstr. 2

                      D 95326 Kulmbach

 Works:

                      IREKS GmbH

                      Neumarkter Str. 11

                      D 92237 Sulzbach-Rosenberg

                      TEL.: 09661/8770-0

 

 

 PARTICIPATIONS

 

 Shareholder:

                      IREKS GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Post Box:

                      1529

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR         36,000,000.00

                      Share:             EUR         12,960,000.00

                      Reg. data:  05.04.1900

                                  Local court 95444 Bayreuth

                                  HRB 86

 Shareholder:

                      LUMEN Gesellschaft mit beschränkter Haftung,

                      Nährmittel- und Maschinenfabrik

                      Petzmannsberg 11

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,000,000.00

                      Share:             EUR          1,000,000.00

                      Reg. data:  28.05.1962

                                  Local court 95444 Bayreuth

                                  HRB 160

 Shareholder:

                      IRUSO GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Post Box:

                      18 29

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,000,000.00

                      Share:             EUR          1,000,000.00

                      Reg. data:  04.11.1920

                                  Local court 95444 Bayreuth

                                  HRB 107

 Shareholder:

                      Kulmbacher Unima Malzfabrik G.m.b.H.

                      Penselstr. 2

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,129.19

                      Share:             EUR             51,129.19

                      Reg. data:  23.12.1953

                                  Local court 95444 Bayreuth

                                  HRB 81

 Shareholder:

                      IREKS GmbH International

                      Beteiligungsgesellschaft

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             50,000.00

                      Share:             EUR             50,000.00

                      Reg. data:  16.01.2001

                                  Local court 95444 Bayreuth

                                  HRB 3391

 Shareholder:

                      A m y l o n N ä h r m i t t e l Gesellschaft

                      mit beschränkter Haftung

                      Altonaer Str. 74-76

                      D 13581 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             30,677.51

                      Share:             EUR             30,677.51

                      Reg. data:  02.05.1955

                                  Local court 14057 Berlin

                                  HRB 3581

 Shareholder:

                      Malzfabrik Schweinfurt GmbH

                      Hafenstr. 46

                      D 97424 Schweinfurt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             26,000.00

                      Share:             EUR             26,000.00

                      Reg. data:  12.09.1988

                                  Local court 97421 Schweinfurt

                                  HRB 1644

 Shareholder:

                      JRB Verwaltungsgesellschaft mbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  10.07.2006

                                  Local court 95444 Bayreuth

                                  HRB 4341

 Shareholder:

                      Dreidoppel GmbH

                      Ernst-Abbe-Str. 4-6

                      D 40764 Langenfeld

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  18.11.2004

                                  Local court 40227 Düsseldorf

                                  HRB 50794

 Shareholder:

                      MEUSSDOERFFER-MALZ GmbH

                      Wilhelm-Meußdoerffer-Str. 19

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  13.07.2005

                                  Local court 95444 Bayreuth

                                  HRB 4161

 Shareholder:

                      IREKS Beteiligungs-GmbH

                      Lichtenfelser Str. 20

                      D 95326 Kulmbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  16.09.2010

                                  Local court 95444 Bayreuth

                                  HRB 5217

 Shareholder:

                      TechGenion GmbH

                      Benzstr. 14

                      D 63110 Rodgau

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             50,000.00

                      Share:             EUR             13,000.00

                      Reg. data:  24.07.2002

                                  Local court 63065 Offenbach

                                  HRB 23490

 Shareholder:

                      Kulmbacher Brauerei Aktien-Gesellschaft

                      Lichtenfelser Str. 9

                      D 95326 Kulmbach

                      Post Box:

                      18 60

                      Legal form: Public limited company

                      Company Status: active

                      Share capital:     EUR          8,600,000.00

                      Share: 25.800 %

                      Reg. data:  04.02.1895

                                  Local court 95444 Bayreuth

                                  HRB 62

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 Balance sheet year:  2013

 

 

 PMI:                 No significant / relevant payment experience

                      information pertaining to the company

                      inquired upon is shown in the Deutscher

                      Debitoren Monitor (DDMonitor).

 

 

 REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Lichtenfelser Straße 18-24

                      D 95326 Kulmbach

 Type of real estate: factory building

 Size:                 70,000.00 sq.m

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Penselstraße 2

                      D 95326 Kulmbach

 Type of real estate: factory building

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Bultstr. 17

                      D 30159 Hannover

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Neumarkter Str. 11

                      D 92237 Sulzbach-Rosenberg

 

 Type of ownership:   Tenant

 Address              Lichtenfelser Str. 20

                      D 95326 Kulmbach

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 DEUTSCHE BANK, 95302 KULMBACH

 Sort. code: 76070012

 BIC: DEUTDEMM760

 

 Further banks

 COMMERZBANK VORMALS DRESDNER BANK, 95444 BAYREUTH

 Sort. code: 76080040

 BIC: DRESDEFF760

 SPARKASSE KULMBACH-KRONACH, 95311 KULMBACH

 Sort. code: 77150000

 BIC: BYLADEM1KUB

 COMMERZBANK, 95444 BAYREUTH

 Sort. code: 77340076

 BIC: COBADEFFXXX

 DEUTSCHE BANK, 95403 BAYREUTH

 Sort. code: 76070012

 BIC: DEUTDEMM760

 KULMBACHER BANK, 95326 KULMBACH

 Sort. code: 77190000

 BIC: GENODEF1KU1

 UNICREDIT BANK - HYPOVEREINSBANK, 95326 KULMBACH

 Sort. code: 77120073

 BIC: HYVEDEMM289

 

 

 FINANCIAL FIGURES

 

 Turnover:            2013               EUR        256,851,198.00

 Profit:              2013               EUR         20,026,027.00

 Equipment:                              EUR          4,423,665.00

 Ac/ts receivable:                       EUR         60,318,497.00

 Liabilities:                            EUR         92,698,952.00

 Employees:                             *                      921

 

 The business figures marked with an asterisk are estimates based

  on average values in the line of business.

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 69.60

 Liquidity ratio:                   2.66

 Return on total capital [%]:       5.14

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 71.07

 Liquidity ratio:                   1.95

 Return on total capital [%]:       9.88

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 64.83

 Liquidity ratio:                   2.27

 Return on total capital [%]:       9.03

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 64.86

 Liquidity ratio:                   3.88

 Return on total capital [%]:      12.30

 

 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

 Origin of the present

 balance sheet:       electronic German Federal Gazette

 

 Financial year:      01.01.2013 - 31.12.2013

 

 ASSETS                                  EUR        389,652,662.88

  Fixed assets                           EUR        172,871,871.96

   Intangible assets                     EUR            606,426.51

    Concessions, licences, rights        EUR            606,426.51

   Tangible assets                       EUR         59,595,930.07

    Land / similar rights                EUR         32,842,580.16

    Plant / machinery                    EUR         13,447,876.00

    Other tangible assets / fixtures and

    fittings                             EUR          4,423,665.14

    Advance payments made / construction

    in progress                          EUR          8,881,808.77

   Financial assets                      EUR        112,669,515.38

    Shares in participations /

    subsidiaries and the like            EUR        110,877,708.33

     Shares in related companies         EUR        110,762,402.57

     Shares in investee companies        EUR            115,305.76

    Loans to participations /

    subsidiaries and the like            EUR            921,411.57

     Loans to related companies          EUR            720,000.00

     Loans to investee companies         EUR            201,411.57

    Other loans                          EUR            870,395.48

  Current assets                         EUR        216,326,890.24

   Stocks                                EUR         40,547,032.99

    Raw materials, consumables and

    supplies                             EUR         18,672,609.57

    Finished goods / work in progress    EUR         21,874,423.42

   Accounts receivable                   EUR         60,318,497.48

    Trade debtors                        EUR         18,332,449.38

    Amounts due from related companies   EUR         23,750,260.52

    Amounts due from investee companies  EUR          1,258,519.63

    Other debtors and assets             EUR         16,977,267.95

   Investments in current assets         EUR         64,200,637.63

    Other investments                    EUR         64,200,637.63

   Liquid means                          EUR         51,260,722.14

  Remaining other assets                 EUR            453,900.68

   Accruals (assets)                     EUR            453,900.68

 

 LIABILITIES                             EUR        389,652,662.88

  Shareholders' equity                   EUR        252,332,455.25

   Capital                               EUR         23,040,000.00

    Subscribed capital (share capital)   EUR         36,000,000.00

    Other capital                        EUR        -12,960,000.00

   Reserves                              EUR        225,000,000.00

    Retained earnings / revenue reserves EUR        225,000,000.00

   Balance sheet profit/loss (+/-)       EUR          4,292,455.25

    Balance sheet profit / loss          EUR          4,292,455.25

  Items between shareholders' equity and

  debt capital                           EUR            250,473.00

   Allowances / bonuses                  EUR            250,473.00

  Provisions                             EUR         44,359,194.24

   Pension provisions and comparable

   provisions                            EUR         31,683,962.00

   Provisions for taxes                  EUR            708,313.00

   Other / unspecified provisions        EUR         11,966,919.24

  Liabilities                            EUR         92,698,952.00

   Financial debts                       EUR         15,000,000.00

    Liabilities due to banks             EUR         15,000,000.00

   Other liabilities                     EUR         77,698,952.00

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          7,254,184.47

    Liabililties due to related companiesEUR         34,394,281.47

    Unspecified other liabilities        EUR         36,050,486.06

     thereof liabilities from tax /

     financial authorities               EUR            615,168.82

     thereof liabilities from social

     security                            EUR             26,666.32

  Other liabilities                      EUR             11,588.39

   Deferrals (liabilities)               EUR             11,588.39

  Guarantees and other commitments       EUR          3,175,000.00

   Guarantees / warranties               EUR            175,000.00

    Warranties                           EUR            175,000.00

   Liability from creation of a security

   interest for third parties            EUR          3,000,000.00

 

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

 Code (HGB)

 

  Sales                                  EUR        256,851,197.61

  Inventory change + own costs (+/-)     EUR          4,898,427.07

   Inventory change (+/-)                EUR          4,845,973.44

   Capitalised own costs                 EUR             52,453.63

  Other operating income                 EUR          8,284,148.32

  Cost of materials                      EUR        144,873,594.86

   Raw materials and supplies, purchased

   goods                                 EUR        144,824,875.10

   Purchased services                    EUR             48,719.76

  Gross result (+/-)                     EUR        125,160,178.14

  Staff expenses                         EUR         57,641,948.47

   Wages and salaries                    EUR         46,692,191.49

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR         10,949,756.98

  Total depreciation                     EUR          7,609,033.13

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          7,609,033.13

  Other operating expenses               EUR         32,612,191.98

  Operating result from continuing

  operations                             EUR         27,297,004.56

  Result from participating interests

  (+/-)                                  EUR          6,794,406.17

   Expenses / income from participations EUR          6,794,406.17

    Income from transfer of profits      EUR          3,377,126.97

    Income from related companies        EUR          3,417,279.20

  Expenses for the transfer of losses    EUR          5,072,456.90

  Interest result (+/-)                  EUR           -734,127.65

   Interest and similar income           EUR          3,421,012.29

   Interest and similar expenses         EUR          4,155,139.94

  Other financial result                 EUR           -637,131.13

   Depreciation on financial assets and

   marketable securities                 EUR            637,131.13

  Financial result (+/-)                 EUR            350,690.49

  Result from ordinary operations (+/-)  EUR         27,647,695.05

  Income tax / refund of income tax (+/-)EUR         -7,339,743.59

  Other taxes / refund of taxes          EUR           -281,924.14

  Tax (+/-)                              EUR         -7,621,667.73

  Annual surplus / annual deficit        EUR         20,026,027.32

 

 Type of balance

 sheet:               Company balance sheet

 Origin of the present

 balance sheet:       electronic German Federal Gazette

 

 Financial year:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR        362,349,861.72

  Fixed assets                           EUR        169,185,894.96

   Intangible assets                     EUR            542,061.51

    Concessions, licences, rights        EUR            542,061.51

   Tangible assets                       EUR         57,156,386.07

    Land / similar rights                EUR         33,686,027.79

    Plant / machinery                    EUR         15,109,585.00

    Other tangible assets / fixtures and

    fittings                             EUR          4,348,129.14

    Advance payments made / construction

    in progress                          EUR          4,012,644.14

   Financial assets                      EUR        111,487,447.38

    Shares in participations /

    subsidiaries and the like            EUR        110,243,953.67

     Shares in related companies         EUR        109,422,520.91

     Shares in investee companies        EUR            821,432.76

    Loans to participations /

    subsidiaries and the like            EUR          1,102,758.11

     Loans to related companies          EUR            900,000.00

     Loans to investee companies         EUR            202,758.11

    Other loans                          EUR            140,735.60

  Current assets                         EUR        192,629,829.15

   Stocks                                EUR         38,623,221.72

    Raw materials, consumables and

    supplies                             EUR         21,683,379.53

    Finished goods / work in progress    EUR         16,939,842.19

   Accounts receivable                   EUR         70,861,637.87

    Trade debtors                        EUR         17,410,122.15

    Amounts due from related companies   EUR         33,921,558.32

    Amounts due from investee companies  EUR          1,361,502.35

    Other debtors and assets             EUR         18,168,455.05

   Investments in current assets         EUR         55,165,146.81

    Other investments                    EUR         55,165,146.81

   Liquid means                          EUR         27,979,822.75

  Remaining other assets                 EUR            534,137.61

   Accruals (assets)                     EUR            534,137.61

 

 LIABILITIES                             EUR        362,349,861.72

  Shareholders' equity                   EUR        235,306,427.93

   Capital                               EUR         23,040,000.00

    Subscribed capital (share capital)   EUR         36,000,000.00

    Other capital                        EUR        -12,960,000.00

   Reserves                              EUR        208,000,000.00

    Retained earnings / revenue reserves EUR        208,000,000.00

   Balance sheet profit/loss (+/-)       EUR          4,266,427.93

    Balance sheet profit / loss          EUR          4,266,427.93

  Items between shareholders' equity and

  debt capital                           EUR            288,345.00

   Allowances / bonuses                  EUR            288,345.00

  Provisions                             EUR         40,314,308.58

   Pension provisions and comparable

   provisions                            EUR         29,097,783.00

   Provisions for taxes                  EUR             30,501.58

   Other / unspecified provisions        EUR         11,186,024.00

  Liabilities                            EUR         86,431,432.54

   Financial debts                       EUR         15,900,847.83

    Liabilities due to banks             EUR         15,900,847.83

   Other liabilities                     EUR         70,530,584.71

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          9,341,622.93

    Liabililties due to related companiesEUR         23,723,186.74

    Unspecified other liabilities        EUR         37,465,775.04

     thereof liabilities from tax /

     financial authorities               EUR            591,601.65

     thereof liabilities from social

     security                            EUR             28,385.47

  Other liabilities                      EUR              9,347.67

   Deferrals (liabilities)               EUR              9,347.67

  Guarantees and other commitments       EUR          3,210,000.00

   Guarantees / warranties               EUR            210,000.00

    Warranties                           EUR            210,000.00

   Liability from creation of a security

   interest for third parties            EUR          3,000,000.00

 

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

 Code (HGB)

 

  Sales                                  EUR        251,221,001.92

  Inventory change + own costs (+/-)     EUR            899,472.29

   Inventory change (+/-)                EUR            760,356.93

   Capitalised own costs                 EUR            139,115.36

  Other operating income                 EUR          6,431,394.65

  Cost of materials                      EUR        132,940,947.86

   Raw materials and supplies, purchased

   goods                                 EUR        132,872,466.74

   Purchased services                    EUR             68,481.12

  Gross result (+/-)                     EUR        125,610,921.00

  Staff expenses                         EUR         53,644,505.32

   Wages and salaries                    EUR         44,501,482.20

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          9,143,023.12

  Total depreciation                     EUR          7,892,771.68

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          7,892,771.68

  Other operating expenses               EUR         33,045,881.92

  Operating result from continuing

  operations                             EUR         31,027,762.08

  Result from participating interests

  (+/-)                                  EUR         18,194,503.45

   Expenses / income from participations EUR         18,194,503.45

    Income from transfer of profits      EUR          3,581,729.87

    Income from related companies        EUR         14,612,773.58

  Expenses for the transfer of losses    EUR          2,671,430.94

  Interest result (+/-)                  EUR         -1,371,257.30

   Interest and similar income           EUR          3,041,263.89

   Interest and similar expenses         EUR          4,412,521.19

  Other financial result                 EUR         -1,218,253.99

   Depreciation on financial assets and

   marketable securities                 EUR          1,218,253.99

  Financial result (+/-)                 EUR         12,933,561.22

  Result from ordinary operations (+/-)  EUR         43,961,323.30

  Income tax / refund of income tax (+/-)EUR         -7,909,081.66

  Other taxes / refund of taxes          EUR           -242,627.97

  Tax (+/-)                              EUR         -8,151,709.63

  Annual surplus / annual deficit        EUR         35,809,613.67


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.79

UK Pound

1

Rs.101.37

Euro

1

Rs.73.46

EUR

1

Rs.73.44

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

HNA

 

 

Report Prepared by :

ANK

 


 

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

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NB

                                       New Business

 

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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.