|
Report No. : |
245571.2 |
|
Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOMRA
SORTING GMBH |
|
|
|
|
Registered Office : |
Otto-Hahn-Str.
6 D 56218 Mülheim-Kärlich |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Year of Establishment : |
1998 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of general-purpose machinery ·
Wholesale
of other machinery, equipment and supplies ·
Organisation
of conventions and trade shows |
|
|
|
|
No. of Employees : |
182 |
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, contributed to strong growth in 2006 and 2007 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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. 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. 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. By 2014, the federal government wants to balance its budget. 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 |
We refer
to your enquiry of 02.12.2013.
In
the meantime there have been changes in particular in the
following areas subject to monitoring:
-
Legal form
Report on: TOMRA Sorting GmbH
Company Status: active
Otto-Hahn-Str. 6
D 56218 Mülheim-Kärlich
Telephone:02630/96520
Telefax:
02630/9652101
Homepage: www.tomra.com
VAT
no.: DE192741626
Business
relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1998
Shareholders'
agreement: 11.03.1998
Registered on: 13.11.2003
Commercial Register: Local court 56068 Koblenz
under:
HRB 15327
Share capital: EUR 46,100.00
TOMRA Sorting Solutions
AS
Drengsrudhagen2
N 1385 Asker
Legal form: Other legal
form
Share: EUR 46,100.00
Dr.rer.nat. Volker
Rehrmann
Rheinstr. 6
D 56068 Koblenz
having sole power of
representation
born: 30.09.1961
Marital status: married
Manager:
Leen Christian Osterloh
D 42579 Heiligenhaus
born: 03.03.1975
Christoph Artur Bach
Im Wiesengrund 5
D 56410 Montabaur
authorized to jointly
represent the company
born: 13.04.1964
Profession: Fully qualified engineer
Marital status: married
Proxy:
Hartmut Harbeck
Op'n Klint 23
D 22880 Wedel
authorized to jointly
represent the company
born: 22.02.1953
Profession: graduate
engineer
Proxy:
Jürgen Hüskens
D 41747 Viersen
authorized to jointly
represent the company
born: 24.06.1964
Proxy:
Tom Ludvigsen Eng
N - Oslo
authorized to jointly
represent the company
born: 07.02.1965
Nationality: Norwegian
Proxy:
Kai Wiedemuth
D 56218 Mülheim-Kärlich
authorized to jointly
represent the company
born: 01.11.1975
Proxy:
Tord Svensson
D 22880 Wedel
authorized to jointly
represent the company
born: 07.11.1960
Proxy:
Jürgen Priesters
D 53937 Schleiden
authorized to jointly
represent the company
born: 24.06.1964
ILG Braubach GmbH &
Co. KG
Rheinstr. 2a
D 56068 Koblenz
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 420,000.00
contribution:
Share: EUR 357,000.00
Registered
on: 03.11.2011
Reg. data: 56068 Koblenz, HRA 20972
Limited partner:
billi Besitzgesellschaft
Mainz GmbH & Co. KG
Spitalsgraben 7
D 56218 Mülheim-Kärlich
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 480.00
Registered
on: 29.07.2010
Reg. data: 56068 Koblenz, HRA 20774
07.08.1998 - 19.12.2000 REAL VISION SYSTEMS Gesellschaft für
industrielle
Bildverarbeitung mbH
Maria Trost 23
D 56070 Koblenz
Private limited
company
20.12.2000 - 23.07.2002 REAL VISION SYSTEMS Gesellschaft für
industrielle
Bildverarbeitung mbH
Rübenacher Str. 119
D 56072 Koblenz
Private limited
company
23.07.2002 - 09.12.2003 TiTech Visionsort GmbH
Rübenacher Str. 119
D 56072 Koblenz
Private limited company
10.12.2003 - 31.01.2008 TiTech Visionsort GmbH
Lohmannstr. 27
D 56626 Andernach
Private limited
company
01.02.2008 - 09.03.2012 TiTech GmbH
Otto-Hahn-Str. 6
D 56218
Mülheim-Kärlich
Private limited
company
Main industrial sector
28290
Manufacture of other general-purpose machinery
Secondary industrial sector
4669 Wholesale
of other machinery, equipment and supplies
8230
Organisation of conventions and trade shows
Branch:
TOMRA Sorting GmbH
Klingelswiese 2
D 56626 Andernach
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Otto-Hahn-Str. 6
D 56218 Mülheim-Kärlich
Land register documents were not available.
Principal bank
DNB
BANK ASA - FILIALE DEUTSCHLAND, 20305 HAMBURG
Sort. code: 20220100
BIC: DNBADEHXXXX
Turnover: 2012 EUR 72,236,774.00
Profit: 2012 EUR 3,865,949.00
Equipment: EUR 1,428,427.00
Ac/ts receivable: EUR
18,884,955.00
Liabilities:
EUR 14,232,890.00
Employees:
182
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 58.34
Liquidity ratio: 1.69
Return on total capital [%]: 9.62
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 44.50
Liquidity ratio: 0.95
Return on total capital [%]: 14.80
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 51.08
Liquidity ratio: 1.14
Return on total capital [%]: 13.50
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.51
Liquidity ratio: 0.98
Return on total capital [%]: 0.59
Balance sheet grade: 2.9
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.
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.
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 40,186,192.66
Fixed assets EUR 5,371,493.34
Intangible assets
EUR 301,673.42
Concessions, licences, rights
EUR 301,673.42
Tangible assets
EUR 5,066,901.18
Plant / machinery
EUR 3,638,474.27
Other tangible assets / fixtures and
fittings
EUR 1,428,426.91
Financial assets
EUR 2,918.74
Other loans EUR 2,918.74
Current assets
EUR 34,757,086.71
Stocks
EUR 15,864,654.48
Raw materials, consumables and
supplies
EUR 9,268,042.08
Finished goods / work in progress
EUR 6,429,088.39
Advance payments made
EUR 167,524.01
Accounts receivable
EUR 18,884,954.83
thereof total due from shareholders EUR 0.00
Trade debtors
EUR 11,979,699.53
Amounts due from related companies
EUR 6,740,650.44
Other debtors and assets
EUR 164,604.86
Liquid means EUR 7,477.40
Remaining other assets
EUR 57,612.61
Accruals (assets)
EUR 57,612.61
LIABILITIES EUR 40,186,192.66
Shareholders' equity
EUR 20,361,513.03
Capital
EUR 46,100.00
Subscribed capital (share capital)
EUR 46,100.00
Reserves
EUR 521,050.59
Capital reserves EUR 316,553.59
Retained earnings / revenue reserves EUR 204,497.00
Balance sheet profit/loss (+/-)
EUR 19,794,362.44
Balance sheet profit / loss
EUR 19,794,362.44
Provisions
EUR 5,591,789.18
Provisions for taxes
EUR 1,743,091.38
Other / unspecified provisions
EUR 3,848,697.80
Liabilities
EUR 14,232,890.45
thereof total due to shareholders
EUR 3,083,012.40
Financial debts
EUR 7,987,673.06
Liabilities due to banks
EUR 7,987,673.06
Other liabilities EUR 6,245,217.39
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,020,207.93
Liabilities from received advance
payments
EUR 971,800.00
Liabililties
due to related companiesEUR
3,632,644.92
Unspecified other liabilities
EUR 620,564.54
thereof liabilities from tax /
financial authorities
EUR 556,807.33
thereof liabilities from social
security
EUR 23,932.71
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 72,236,774.49
Inventory change + own costs (+/-)
EUR -3,612,028.31
Inventory change (+/-)
EUR -3,612,028.31
Other operating income
EUR 1,019,798.26
Cost of materials
EUR 35,089,666.48
Raw materials and supplies, purchased
goods
EUR 34,931,805.96
Purchased services
EUR 157,860.52
Gross result (+/-)
EUR 34,554,877.96
Staff expenses EUR 11,826,458.70
Wages and salaries
EUR 10,138,205.72
Social security contributions and
expenses for pension plans and
benefits
EUR 1,688,252.98
Total depreciation
EUR 1,292,383.71
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,292,383.71
Other operating expenses
EUR 16,033,728.35
Operating result from continuing
operations
EUR 5,402,307.20
Interest result (+/-)
EUR -21,290.02
Interest and similar income
EUR 9,510.75
Interest and similar expenses
EUR 30,800.77
Other financial result
EUR 231.26
Income from securities and loans from
financial assets
EUR 231.26
Financial result (+/-)
EUR -21,058.76
Result from ordinary operations (+/-)
EUR 5,381,248.44
Income tax / refund of income tax (+/-)EUR -1,513,263.04
Other taxes / refund of taxes
EUR -2,036.60
Tax
(+/-)
EUR -1,515,299.64
Annual surplus / annual deficit
EUR 3,865,948.80
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 36,001,028.37
Fixed assets
EUR 4,104,360.12
Intangible assets
EUR 288,130.73
Concessions, licences, rights
EUR 288,130.73
Tangible assets
EUR 3,810,541.91
Plant / machinery
EUR 2,476,352.86
Other tangible assets / fixtures and
fittings
EUR 1,334,189.05
Financial assets EUR 5,687.48
Other loans
EUR 5,687.48
Current assets
EUR 31,860,615.53
Stocks
EUR 18,819,073.79
Raw materials, consumables and
supplies
EUR 8,381,390.78
Finished goods / work in progress
EUR 10,041,116.70
Advance payments made
EUR 396,566.31
Accounts receivable EUR 13,033,959.16
thereof total due from shareholders
EUR 856,434.76
Trade debtors
EUR 7,495,434.68
Amounts due from related companies
EUR 4,918,966.08
Other debtors and assets
EUR 619,558.40
Liquid means
EUR 7,582.58
Remaining other assets
EUR 36,052.72
Accruals (assets)
EUR 36,052.72
LIABILITIES EUR 36,001,028.37
Shareholders' equity
EUR 16,495,564.23
Capital
EUR 46,100.00
Subscribed capital (share capital)
EUR 46,100.00
Reserves
EUR 521,050.59
Capital reserves
EUR 316,553.59
Retained earnings / revenue reserves EUR 204,497.00
Balance sheet profit/loss (+/-)
EUR 15,928,413.64
Balance sheet profit / loss
EUR 15,928,413.64
Provisions
EUR 6,746,277.73
Provisions for taxes
EUR 2,182,008.00
Other / unspecified provisions EUR 4,564,269.73
Liabilities
EUR 12,759,186.41
Financial debts
EUR 8,786,815.18
Liabilities due to banks
EUR 8,786,815.18
Other liabilities EUR 3,972,371.23
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,052,447.38
Liabilities from received advance
payments
EUR 2,117,064.00
Liabililties due to related companiesEUR 554,678.59
Unspecified other liabilities
EUR 248,181.26
thereof liabilities from tax /
financial authorities
EUR 145,806.23
thereof liabilities from social
security
EUR 49,771.43
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 63,299,978.76
Inventory change + own costs (+/-)
EUR 3,129,867.10
Inventory change (+/-)
EUR 3,129,867.10
Other operating income
EUR 1,107,112.48
Cost of materials
EUR 35,633,074.41
Raw materials and supplies, purchased
goods
EUR 35,507,967.26
Purchased services
EUR 125,107.15
Gross result (+/-)
EUR 31,903,883.93
Staff expenses EUR 11,048,866.51
Wages and salaries
EUR 9,530,544.97
Social security contributions and
expenses for pension plans and
benefits
EUR 1,518,321.54
Total
depreciation EUR 944,006.04
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 944,006.04
Other operating expenses
EUR 12,792,965.54
Operating result from continuing
operations
EUR 7,118,045.84
Interest result (+/-)
EUR -48,957.61
Interest and similar income
EUR 11,583.86
Interest and similar expenses
EUR 60,541.47
Other financial result
EUR 381.26
Income from securities and loans from
financial assets
EUR 381.26
Financial result (+/-)
EUR -48,576.35
Result from ordinary operations (+/-)
EUR 7,069,469.49
Income tax / refund of income tax (+/-)EUR -1,858,105.95
Other taxes / refund of taxes
EUR -9,640.86
Tax
(+/-)
EUR -1,867,746.81
Annual surplus / annual deficit
EUR 5,201,722.68
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.95.70 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.