MIRA INFORM REPORT

 

Report No. :

281345.2

Report Date :

20.02.2015

 

IDENTIFICATION DETAILS

 

Name :

MERCKLE GMBH

 

 

Registered Office :

Ludwig-Merckle-Str. 3, D 89143 Blaubeuren

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

14.12.2004

 

 

Com. Reg. No.:

HRB 5125

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Other Chemical Products

 

 

No of Employees :

1,865

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

NOTES:

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

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

 


Company Name and address

 

Merckle GmbH

 

 Company Status:      active

                      Ludwig-Merckle-Str. 3

                      D 89143 Blaubeuren

                      Telephone:07344/140

                      Telefax:  07344/141620

                      Homepage: www.teva.de

                      E-mail:   info.teva-deutschland@teva.de

 

 

VAT no.            

 

DE239707564

 

 

CONCLUSION

 

Business relations are permissible.

 

 

CompAny Summary

 

 LEGAL FORM               Private limited company

 Date of foundation:      2004

 Shareholders'

 agreement:                   14.12.2004

 Registered on:             22.02.2005

 Commercial Register:   Local court 89073 Ulm

 under:                                      HRB 5125

 

 

Share capital                         

 

EUR                             500,000.00

 

 Shareholder:

                      TEVA Health GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR            500,000.00

                      Registered on: 22.12.2010

                      Reg. data: 89073 Ulm, HRB 725926

 Manager:

                      Dr. Markus Guilherme Leyck Dieken

                      D 10115 Berlin

                      born: 22.11.1964

 Manager:

                      Dr. Gerald Huber

                      D 73655 Plüderhausen

                      born: 25.05.1966

 Manager:

                      Dr. Christian Horst Holzmann

                      D 91242 Ottensoos

                      born: 14.05.1963

 Manager:

                      Andreas Martin Burkhardt

                      D 89231 Neu-Ulm

                      born: 07.04.1976

 Manager:

                      Tihomir Oreskovic

                      NL  Amsterdam

                      born: 01.01.1966

                      Nationality: Dutch

 Proxy:

                      Dr. Karl Heinz Emmert

                      D 89287 Bellenberg

                      authorized to jointly represent the company

                      born: 18.01.1958

 Proxy:

                      Nicole von Gregory

                      D 01445 Radebeul

                      authorized to jointly represent the company

                      born: 19.07.1969

 Proxy:

                      Stefan Winghardt

                      D 88471 Laupheim

                      authorized to jointly represent the company

                      born: 08.07.1969

 

 Further functions/participations of Dr. Markus Guilherme Leyck

 Dieken (Manager)

 Manager:

                      ratiopharm GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR            414,000.00

                      Registered

                      on:         29.10.1979

                      Reg. data:  89073 Ulm, HRB 991

 Manager:

                      TEVA GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR            894,760.79

                      Registered

                      on:         18.08.2011

                      Reg. data:  89073 Ulm, HRB 726876

 Manager:

                      AbZ-Pharma GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         08.06.1998

                      Reg. data:  89073 Ulm, HRB 3643

 Manager:

                      TEVA Pharma GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR          1,022,583.76

                      Registered

                      on:         21.07.2011

                      Reg. data:  89073 Ulm, HRB 726775

 Manager:

                      Merckle Biotec GmbH

                      Dornierstr. 10

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         10.08.2004

                      Reg. data:  89073 Ulm, HRB 4990

 Manager:

                      Transpharm Logistik GmbH

                      Nicolaus-Otto-Str. 16

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         12.02.1986

                      Reg. data:  89073 Ulm, HRB 1714

 Manager:

                      TEVA Health GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         22.12.2010

                      Reg. data:  89073 Ulm, HRB 725926

 Manager:

                      Pliva Real Estate GmbH

                      Charlottenstr. 59

                      D 10117 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         27.12.2011

                      Reg. data:  14057 Berlin, HRB 138844 B

 Vice-president of the Board of Directors:

                      Pro Generika e.V.

                      Unter den Linden 32-34

                      D 10117 Berlin

                      Legal form: Registered association

                      Registered

                      on:         11.07.2006

                      Reg. data:  14057 Berlin, VR 23462

 

 Further functions/participations of Dr. Gerald Huber (Manager)

 Manager:

                      ratiopharm GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR            414,000.00

                      Registered

                      on:         29.10.1979

                      Reg. data:  89073 Ulm, HRB 991

 

 Further functions/participations of Dr. Christian Horst Holzmann

 (Manager)

 Manager:

                      Transpharm Logistik GmbH

                      Nicolaus-Otto-Str. 16

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         12.02.1986

                      Reg. data:  89073 Ulm, HRB 1714

 Manager:

                      ratiopharm GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR            414,000.00

                      Registered

                      on:         29.10.1979

                      Reg. data:  89073 Ulm, HRB 991

 Manager:

                      TEVA GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR            894,760.79

                      Registered

                      on:         18.08.2011

                      Reg. data:  89073 Ulm, HRB 726876

 

 Further functions/participations of Andreas Martin Burkhardt

 (Manager)

 Manager:

                      AbZ-Pharma GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         08.06.1998

                      Reg. data:  89073 Ulm, HRB 3643

 Manager:

                      TEVA Pharma GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR          1,022,583.76

                      Registered

                      on:         21.07.2011

                      Reg. data:  89073 Ulm, HRB 726775

 Manager:

                      TEVA GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR            894,760.79

                      Registered

                      on:         18.08.2011

                      Reg. data:  89073 Ulm, HRB 726876

 Manager:

                      Merckle Biotec GmbH

                      Dornierstr. 10

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         10.08.2004

                      Reg. data:  89073 Ulm, HRB 4990

 Manager:

                      Transpharm Logistik GmbH

                      Nicolaus-Otto-Str. 16

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         12.02.1986

                      Reg. data:  89073 Ulm, HRB 1714

 Manager:

                      ratiopharm GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR            414,000.00

                      Registered

                      on:         29.10.1979

                      Reg. data:  89073 Ulm, HRB 991

 Manager:

                      TEVA Health GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         22.12.2010

                      Reg. data:  89073 Ulm, HRB 725926

 Proxy:

                      Pliva Real Estate GmbH

                      Charlottenstr. 59

                      D 10117 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         27.12.2011

                      Reg. data:  14057 Berlin, HRB 138844 B

 

 Further functions/participations of Tihomir Oreskovic (Manager)

 Manager:

                      TEVA Pharma GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR          1,022,583.76

                      Registered

                      on:         21.07.2011

                      Reg. data:  89073 Ulm, HRB 726775

 Manager:

                      TEVA GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR            894,760.79

                      Registered

                      on:         18.08.2011

                      Reg. data:  89073 Ulm, HRB 726876

 Manager:

                      Transpharm Logistik GmbH

                      Nicolaus-Otto-Str. 16

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         12.02.1986

                      Reg. data:  89073 Ulm, HRB 1714

 Manager:

                      ratiopharm GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR            414,000.00

                      Registered

                      on:         29.10.1979

                      Reg. data:  89073 Ulm, HRB 991

 Manager:

                      Merckle Biotec GmbH

                      Dornierstr. 10

                      D 89079 Ulm

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         10.08.2004

                      Reg. data:  89073 Ulm, HRB 4990

 

 

COMPANY HISTORY

 

 27.12.2004 - 22.02.2005  VEM Produktion GmbH (HRB 23252 AG

                          Dresden)

                          Wilhelm-Liebknecht-Str. 6

                          D 01257 Dresden

                          Private limited company

 22.02.2005 - 02.11.2012  Merckle GmbH

                          Ludwig-Merckle-Str. 3

                          D 89143 Blaubeuren

                          Private limited company

 02.11.2012 - 26.11.2012  Merckle GmbH

                          Graf-Arco-Str. 3

                          D 89079 Ulm

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

2059    Manufacture of other chemical products n.e.c.

2120    Manufacture of pharmaceutical preparations

 

Secondary industrial sector

7219    Other research and experimental development on natural sciences and engineering

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Merckle GmbH

                      Graf-Arco-Str. 3 OT Donautal

                      D 89079 Ulm

                      TEL.: 0731/40201

                      FAX.: 0731/4027832

 

 

PARTICIPATIONS

 

 General partner:

                      Gen-Plus GmbH & Co KG

                      Staffelseestr. 6

                      D 81477 München

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            500,000.00

                      contribution:

                      Reg. data:  06.02.2012

                                  Local court 80333 München

                                  HRA 98523

 Shareholder:

                      ratiopharm GmbH

                      Graf-Arco-Str. 3

                      D 89079 Ulm

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            414,000.00

                      Share:             EUR            414,000.00

                      Reg. data:  29.10.1979

                                  Local court 89073 Ulm

                                  HRB 991

 Shareholder:

                      Transpharm Logistik GmbH

                      Nicolaus-Otto-Str. 16

                      D 89079 Ulm

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             50,000.00

                      Share:             EUR             50,000.00

                      Reg. data:  12.02.1986

                                  Local court 89073 Ulm

                                  HRB 1714

 Shareholder:

                      Asma Investment GmbH

                      Zehrensdorfer Str. 4

                      D 15806 Zossen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  18.11.2009

                                  Local court 14467 Potsdam

                                  HRB 22682 P

 Shareholder:

                      Merckle Biotec GmbH

                      Dornierstr. 10

                      D 89079 Ulm

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  10.08.2004

                                  Local court 89073 Ulm

                                  HRB 4990

 

 

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:       Tenant

 Address                       Graf-Arco-Str. 3

                                    D 89079 Ulm

 

 Type of ownership:       Tenant

 Address                       Ludwig-Merckle-Str. 3

                                    D 89143 Blaubeuren

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 DEUTSCHE BANK, 89006 ULM, DONAU

 Sort. code: 63070088

 BIC: DEUTDESS630

 

 Further bank

 COMMERZBANK, 89005 ULM, DONAU

 Sort. code: 63040053

 BIC: COBADEFFXXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2012               EUR        986,333,962.00

 Profit:              2012               EUR        107,903,767.00

 Equipment:                              EUR         15,181,772.00

 Ac/ts receivable:                       EUR        215,618,290.00

 Liabilities:                            EUR        710,745,172.00

 Employees:                                                  1,865

 - thereof permanent staff:                                  1,865

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 90.05

 Liquidity ratio:                   0.93

 Return on total capital [%]:       3.83

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 92.55

 Liquidity ratio:                   2.18

 Return on total capital [%]:       7.73

 

Balance sheet ratios 01.10.2010 - 31.12.2010

 Equity ratio [%]:                 85.42

 Liquidity ratio:                   0.26

 Return on total capital [%]:       1.60

 

 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      2,731,268,287.92

  Fixed assets                           EUR      2,125,268,389.41

   Intangible assets                     EUR          3,335,894.00

    Concessions, licences, rights        EUR          3,219,894.00

    Advance payments for intang. assets  EUR            116,000.00

   Tangible assets                       EUR         77,376,228.78

    Land / similar rights                EUR          1,748,746.00

    Plant / machinery                    EUR         41,588,171.00

    Other tangible assets / fixtures and

    fittings                             EUR         15,181,772.08

    Advance payments made / construction

    in progress                          EUR         18,857,539.70

   Financial assets                      EUR      2,044,556,266.63

    Shares in participations /

    subsidiaries and the like            EUR      2,044,556,266.63

     Shares in related companies         EUR      2,044,556,266.63

  Current assets                         EUR        604,196,865.28

   Stocks                                EUR        388,185,205.99

    Raw materials, consumables and

    supplies                             EUR         58,880,378.42

    Finished goods / work in progress    EUR        329,304,827.57

   Accounts receivable                   EUR        215,618,289.50

    Trade debtors                        EUR         41,669,858.18

    Amounts due from related companies   EUR        159,122,256.66

    Other debtors and assets             EUR         14,826,174.66

   Liquid means                          EUR            393,369.79

  Remaining other assets                 EUR          1,803,033.23

   Accruals (assets)                     EUR          1,133,558.51

   Active difference from asset

   offsetting                            EUR            669,474.72

 

 LIABILITIES                             EUR      2,731,268,287.92

  Shareholders' equity                   EUR      1,980,911,549.87

   Capital                               EUR            500,000.00

    Subscribed capital (share capital)   EUR            500,000.00

   Reserves                              EUR      1,975,968,586.92

    Capital reserves                     EUR      1,975,756,890.07

    Retained earnings / revenue reserves EUR            211,696.85

   Balance sheet profit/loss (+/-)       EUR          4,442,962.95

    Balance sheet profit / loss          EUR          4,442,962.95

  Provisions                             EUR         39,611,565.96

   Pension provisions and comparable

   provisions                            EUR          4,776,876.00

   Provisions for taxes                  EUR                596.02

   Other / unspecified provisions        EUR         34,834,093.94

  Liabilities                            EUR        710,745,172.09

   Other liabilities                     EUR        710,745,172.09

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         72,969,908.62

    Liabililties due to related companiesEUR        634,442,231.80

    Unspecified other liabilities        EUR          3,333,031.67

     thereof liabilities from tax /

     financial authorities               EUR          1,783,152.14

  Guarantees and other commitments       EUR          5,000,000.00

   Guarantees / warranties               EUR          5,000,000.00

    Guarantees                           EUR          5,000,000.00

 

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

 Code (HGB)

  Sales                                  EUR        986,333,961.82

  Inventory change + own costs (+/-)     EUR         -3,926,475.67

   Inventory change (+/-)                EUR         -3,926,475.67

  Other operating income                 EUR          7,935,490.53

  Cost of materials                      EUR        759,639,409.14

   Raw materials and supplies, purchased

   goods                                 EUR        759,639,409.14

  Gross result (+/-)                     EUR        230,703,567.54

  Staff expenses                         EUR        115,174,656.05

   Wages and salaries                    EUR         96,757,951.08

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR         18,416,704.97

  Total depreciation                     EUR         16,475,051.22

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR         16,475,051.22

  Other operating expenses               EUR        138,484,464.64

  Operating result from continuing

  operations                             EUR        -39,430,604.37

  Result from participating interests

  (+/-)                                  EUR        161,941,291.84

   Expenses / income from participations EUR        169,144,972.69

    Income from transfer of profits      EUR        169,144,972.69

   Expenses for participations           EUR          7,203,680.85

    Expenses for other participations    EUR          7,203,680.85

  Interest result (+/-)                  EUR        -14,203,686.05

   Interest and similar income           EUR            537,276.64

    thereof from related companies       EUR              1,336.12

   Interest and similar expenses         EUR         14,740,962.69

    thereof paid to related companies    EUR         14,039,221.62

  Other financial result                 EUR           -692,021.16

   Depreciation on financial assets and

   marketable securities                 EUR            692,021.16

  Financial result (+/-)                 EUR        147,045,584.63

  Result from ordinary operations (+/-)  EUR        107,614,980.26

  Extraordinary income                   EUR          3,282,422.09

  Extraordinary expenses                 EUR             36,629.01

  Extraordinary result (+/-)             EUR          3,245,793.08

  Expenses for transfer of profits to a

  parent company                         EUR        107,903,767.04

  Income tax / refund of income tax (+/-)EUR         -2,125,784.50

  Other taxes / refund of taxes          EUR           -831,221.80

  Tax (+/-)                              EUR         -2,957,006.30

  Annual surplus / annual deficit        EUR                  0.00

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR      2,793,330,301.63

  Fixed assets                           EUR      2,077,064,268.96

   Intangible assets                     EUR          2,013,745.00

    Concessions, licences, rights        EUR          2,013,745.00

   Tangible assets                       EUR         62,364,862.10

    Land / similar rights                EUR          1,816,667.00

    Plant / machinery                    EUR         30,565,637.00

    Other tangible assets / fixtures and

    fittings                             EUR         15,716,026.00

    Advance payments made / construction

    in progress                          EUR         14,266,532.10

   Financial assets                      EUR      2,012,685,661.86

    Shares in participations /

    subsidiaries and the like            EUR      2,012,685,661.86

     Shares in related companies         EUR      2,012,685,661.86

  Current assets                         EUR        715,200,732.43

   Stocks                                EUR        351,819,586.08

    Raw materials, consumables and

    supplies                             EUR         69,680,335.36

    Finished goods / work in progress    EUR        280,974,561.72

    Advance payments made                EUR          1,164,689.00

   Accounts receivable                   EUR        361,067,793.07

    Trade debtors                        EUR         27,524,534.64

    Amounts due from related companies   EUR        315,076,091.11

    Other debtors and assets             EUR         18,467,167.32

   Liquid means                          EUR          2,313,353.28

  Remaining other assets                 EUR          1,065,300.24

   Accruals (assets)                     EUR            895,960.75

   Active difference from asset

   offsetting                            EUR            169,339.49

 

 LIABILITIES                             EUR      2,793,330,301.63

  Shareholders' equity                   EUR      1,980,911,549.87

   Capital                               EUR            500,000.00

    Subscribed capital (share capital)   EUR            500,000.00

   Reserves                              EUR      1,975,968,586.92

    Capital reserves                     EUR      1,975,756,890.07

    Retained earnings / revenue reserves EUR            211,696.85

   Balance sheet profit/loss (+/-)       EUR          4,442,962.95

    Profit / loss brought forward        EUR          4,442,962.95

  Provisions                             EUR         40,290,450.85

   Pension provisions and comparable

   provisions                            EUR          4,750,968.00

   Provisions for taxes                  EUR                419.58

   Other / unspecified provisions        EUR         35,539,063.27

  Liabilities                            EUR        772,128,300.91

   Other liabilities                     EUR        772,128,300.91

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         96,576,853.05

    Liabililties due to related companiesEUR        673,317,449.87

    Unspecified other liabilities        EUR          2,233,997.99

     thereof liabilities from tax /

     financial authorities               EUR          1,882,339.47

 

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

 Code (HGB)

  Sales                                  EUR        858,551,998.01

  Inventory change + own costs (+/-)     EUR          1,263,914.54

   Inventory change (+/-)                EUR          1,263,914.54

  Other operating income                 EUR         26,160,157.50

  Cost of materials                      EUR        629,271,083.07

   Raw materials and supplies, purchased

   goods                                 EUR        629,271,083.07

  Gross result (+/-)                     EUR        256,704,986.98

  Staff expenses                         EUR        104,570,760.34

   Wages and salaries                    EUR         87,871,758.07

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR         16,699,002.27

  Total depreciation                     EUR         17,712,086.37

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR         17,712,086.37

  Other operating expenses               EUR        112,616,170.52

  Operating result from continuing

  operations                             EUR         21,805,969.75

  Result from participating interests

  (+/-)                                  EUR        216,434,450.12

   Expenses / income from participations EUR        216,434,450.12

    Income from transfer of profits      EUR        216,430,061.08

    Income from related companies        EUR              4,389.04

  Expenses for the transfer of losses    EUR          7,169,484.85

  Interest result (+/-)                  EUR        -14,066,666.76

   Interest and similar income           EUR          7,110,785.67

    thereof from related companies       EUR          6,974,481.67

   Interest and similar expenses         EUR         21,177,452.43

    thereof paid to related companies    EUR         21,085,002.11

  Other financial result                 EUR             -1,430.64

   Depreciation on financial assets and

   marketable securities                 EUR              1,430.64

  Financial result (+/-)                 EUR        195,196,867.87

  Result from ordinary operations (+/-)  EUR        217,002,837.62

  Extraordinary income                   EUR            626,312.76

  Extraordinary result (+/-)             EUR            626,312.76

  Expenses for transfer of profits to a

  parent company                         EUR        216,639,616.15

  Income tax / refund of income tax (+/-)EUR             -1,092.58

  Other taxes / refund of taxes          EUR           -988,441.65

  Tax (+/-)                              EUR           -989,534.23

  Annual surplus / annual deficit        EUR                  0.00

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.25

UK Pound

1

Rs.95.57

Euro

1

Rs.71.01

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

 

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.