MIRA INFORM REPORT

 

 

Report No. :

331849

Report Date :

11.07.2015

 

 

IDENTIFICATION DETAILS

 

Name :

COPERION GMBH

 

 

Registered Office :

Theodorstr. 10 D 70469 Stuttgart

 

 

Country :

Germany

 

 

Financials (as on) :

30.09.2014

 

 

Year of Establishment :

1879

 

 

Com. Reg. No.:

HRB 23976

 

 

Legal Form :

Private limited company

 

 

Line of Business :
  • Manufacture of other general-purpose machinery
  • Agents involved in the sale of machines (except agricultural machinery and office machinery) and industrial supplies.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

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

Company Name and address

 

COPERION GMBH

Theodorstr. 10

D 70469 Stuttgart

Telephone:0711/897-0

Telefax:  0711/897-3933

Homepage: www.coperion.com

E-mail:   info@coperion.com

 

 

Company Status     

Active 

 

 

VAT no.

           

DE215985182

 

 

Tax ID number     

 99066/13608

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company Summery

 

LEGAL FORM               Private limited company

Date of foundation:       1879

Shareholders'

agreement:                    12.07.2000

Registered on:              5.09.2000

Commercial Register:    Local court 70190 Stuttgart

under:                                       HRB 23976

 

Share capital:                          EUR          2,615,000.00

 

 Shareholder:

                     Coperion Capital GmbH

                      Theodorstr. 10

                      D 70469 Stuttgart

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Share:             EUR          2,615,000.00

                      Registered on: 18.04.2008

                      Reg. data: 70190 Stuttgart, HRB 726123

 Manager:

                      Thomas Kehl

                      Fischbacher Str. 29

                      D 65779 Kelkheim

                      born: 03.03.1960

                      Marital status: married

 Manager:

                      Ulf Meusel-Böhm

                      D 88289 Waldburg

                      authorized to jointly represent the company

                      born: 08.05.1961

 Manager:

                      Melanie Freytag

                      D 60308 Frankfurt

                      born: 16.02.1975

 Manager:

                      Ulrich Bartel

                      D 71636 Ludwigsburg

                      born: 30.01.1960

 President of the Supervisory Board:

                      Cynthia L. Lucchese

                      USA  Indianapolis

                      born: 04.07.1960

                      Nationality: USA

 Vice-president of the Supervisory Board:

                      Dr. Peter Grafoner

                      Im Klosterkiesel 7

                      D 65385 Rüdesheim am Rhein

                      born: 26.04.1949

                      Profession: Engineer

                      Marital status: unknown

 Member of the Supervisory Board:

                      John R. Zerkle

                      USA  Indianapolis

                      born: 12.11.1954

                      Nationality: USA

 Member of the Supervisory Board:

                      Joe Raver

                      USA  Batesville

                      Nationality: USA

                      Marital status: unknown

 Member of the Supervisory Board:

                      Albrecht Klumpp

                      D 71723 Großbottwar

                      Marital status: unknown

 Member of the Supervisory Board:

                      Peter Töpfer

                      D 88368 Bergatreute

                      Marital status: unknown

 Proxy:

                      Dr. Josef Lunger

                      Riedstr. 31

                      D 86830 Schwabmünchen

                      authorized to jointly represent the company

                      born: 09.09.1955

 Proxy:

                      Markus Parzer

                      Wenzelstr. 48

                      D 70378 Stuttgart

                      authorized to jointly represent the company

                      born: 20.09.1974

 Proxy:

                      Gerhard Wirz

                      CH  Seengen

                      authorized to jointly represent the company

                      born: 20.07.1966

                      Nationality: Swiss

 Proxy:

                      Thomas Ulrich Müller

                      D 88085 Langenargen

                      authorized to jointly represent the company

                      born: 05.02.1970

 Proxy:

                      Gerd Rückert

                      D 88630 Pfullendorf

                      authorized to jointly represent the company

                      born: 15.11.1954

 Proxy:

                      Peter von Hoffmann

                      D 71254 Ditzingen

                      authorized to jointly represent the company

                      born: 09.09.1970

 Proxy:

                      Edmund Berg

                      D 77781 Biberach

                      authorized to jointly represent the company

                      born: 07.02.1965

 Proxy:

                      Joachim Wiest

                      D 33602 Bielefeld

                      authorized to jointly represent the company

                      born: 07.02.1957

 Proxy:

                      Roland Krauss

                      D 71576 Burgstetten

                      authorized to jointly represent the company

                      born: 09.02.1957

 Proxy:

                      Jürgen Barth

                      D 70806 Kornwestheim

                      authorized to jointly represent the company

                      born: 08.06.1956

 Proxy:

                      Christian Huster

                      D 72076 Tübingen

                      authorized to jointly represent the company

                      born: 02.12.1956

 Proxy:

                      Simon Eifert

                      D 74243 Langenbrettach

                      authorized to jointly represent the company

                      born: 24.11.1967

 Proxy:

                      Ulf Wittmann

                      D 70806 Kornwestheim

                      authorized to jointly represent the company

                      born: 10.10.1968

 Proxy:

                      Paul Josef Erasmus

                      D 88250 Weingarten

                      authorized to jointly represent the company

                      born: 05.09.1962

 Proxy:

                      Frank Lechner

                      D 76131 Karlsruhe

                      born: 05.05.1976

 Proxy:

                      Christoph Schumacher

                      D 88212 Ravensburg

                      authorized to jointly represent the company

                      born: 20.03.1965

 Proxy:

                      Jörn Matzke

                      D 74232 Abstatt

                      authorized to jointly represent the company

                      born: 26.04.1964

 Proxy:

                      John William Fisher

                      USA  Cranbury NJ 08051/USA

                      authorized to jointly represent the company

                      born: 26.04.1961

                      Nationality: USA

 

Further functions/participations of Thomas Kehl (Manager)

 Manager:

                      Coperion Capital GmbH

                      Theodorstr. 10

                      D 70469 Stuttgart

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         18.04.2008

                      Reg. data:  70190 Stuttgart, HRB 726123

 Manager:

                      Hillenbrand Germany Holding GmbH

                      Theodorstr. 10

                      D 70469 Stuttgart

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         02.08.2013

                      Reg. data:  70190 Stuttgart, HRB 745827

 Vice-president of the Supervisory Board:

                      PHP Fibers GmbH

                      Industrie Center Obernburg

                      D 63784 Obernburg

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         01.04.2009

                      Reg. data:  63739 Aschaffenburg, HRB 10685

 

 Further functions/participations of Melanie Freytag (Manager)

 Manager:

                      Coperion Capital GmbH

                      Theodorstr. 10

                      D 70469 Stuttgart

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         18.04.2008

                      Reg. data:  70190 Stuttgart, HRB 726123

 Manager:

                      Hillenbrand Germany Holding GmbH

                      Theodorstr. 10

                      D 70469 Stuttgart

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         02.08.2013

                      Reg. data:  70190 Stuttgart, HRB 745827

 

 

 

COMPANY HISTORY

 

 05.09.2000 - 04.07.2006  Coperion Holding

                          Theodorstr. 10

                          D 70469 Stuttgart

                          Private limited company

 04.07.2006 - 12.12.2007  WPE Germany Holding GmbH

                          Theodorstr. 10

                          D 70469 Stuttgart

                          Private limited company

 12.12.2007 - 09.06.2008  Coperion Group GmbH

                          Theodorstr. 10

                          D 70469 Stuttgart

                          Private limited company

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 20.08.2007 - 13.05.2014  Manager

                          Axel Kiefer

                          D 88284 Wolpertswende

 28.12.2004 - 02.07.2013  Manager

                          Günter Bachmann

                          D 61352 Bad Homburg

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 2829                Manufacture of other general-purpose machinery n.e.c.

46141               Agents involved in the sale of machines (except agricultural machinery and office machinery) and industrial supplies n.e.c.

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Coperion GmbH

                      Niederbieger Str. 9

                      D 88250 Weingarten

                      TEL.: 0751/4080

                      FAX.: 0751/408200

 Branch:

                      Coperion GmbH

                      Heinrich-Krumm-Str. 6

                      D 63073 Offenbach

                      TEL.: 069/829775-0

                      FAX.: 069/829775-50

 

 

PARTICIPATIONS

 

 Shareholder:

                      Coperion Pelletizing Technology GmbH

                      Heinrich-Krumm-Str. 6

                      D 63073 Offenbach

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  18.03.2013

                                  Local court 63065 Offenbach

                                  HRB 46875

 Shareholder:

                      Weingarten.IN Stadtmarketing GmbH

                      Kirchstr. 18

                      D 88250 Weingarten

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,500.00

                      Share:             EUR                350.00

                      Reg. data:  08.03.2007

                                  Local court 89073 Ulm

                                  HRB 720765

 

 

 Foreign participations:

                                  

- Coperion AB, Huddinge/S                                  100,0%

 - Coperion Ideal Private Ltd., Noida/IND                    51,0%

 - Coperion Middle East Co. Ltd., SA                         51,0%

 - Coperion International Trading (Shanghai) Co. Ltd.,           

   Shanghai/RC                                              100,0%

 - Coperion K.K., Tokio/J                                   100,0%

 - Coperion (Nanjing) Machinery Co. Ltd., Nanjing/RC        100,0%

 - Coperion Ltd., Bramhall/GB                               100,0%

 - Coperion Ltda., Sao Paolo/BR                              99,0%

 - Coperion Machinery & Systems (Shanghai) Co. Ltd.,             

   Shanghai/RC                                              100,0%

 - Coperion N.V., Antwerpen/B                                99,0%

 - Coperion Pte. Ltd., Singapur/SGP                         100,0%

 - Coperion S.a.r.l.. St. Denis/F                           100,0%

 - Coperion S.L., Barcelona/E                               100,0%

 - Coperion S.r.l., Ferrara/I                               100,0%

 - Coperion Service OOO, Moskau/RUS                         100,0%

 - Coperion Pelletizing Technology GmbH,                         

   Offenbach/D                                               51,0%                                    

 - Weicom S.r.l., Ferrara/ I                                 51,0%

 

 

FINANCIAL INFORMATION

 

Payment experience:  Slow but correct

 

Negative information: We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Theodorstr. 10

                      D 70469 Stuttgart

 

 Land register documents were not available.

 

 

BANKERS

 

 COMMERZBANK, 88212 RAVENSBURG, WÜRTT

 Sort. code: 65040073

 BIC: COBADEFFXXX

 COMMERZBANK, 70049 STUTTGART

 Sort. code: 60040071, Account no.: 518222500

 BIC: COBADEFFXXX, IBAN: DE50600400710518222500

 COMMERZBANK, 70049 STUTTGART

 Sort. code: 60040071, Account no.: 518002101

 BIC: COBADEFFXXX, IBAN: DE67600400710518002101

 UNICREDIT BANK - HYPOVEREINSBANK, 70003 STUTTGART

 Sort. code: 60020290, Account no.: 386720746

 BIC: HYVEDEMM473, IBAN: DE05600202900386720746

 UNICREDIT BANK - HYPOVEREINSBANK, 88181 RAVENSBURG, WÜRTT

 Sort. code: 65020186, Account no.: 5432200

 BIC: HYVEDEMM588, IBAN: DE54650201860005432200

 LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144

 STUTTGART

 Sort. code: 60050101, Account no.: 2592918

 BIC: SOLADEST600, IBAN: DE51600501010002592918

 

FINANCIAL FIGURES

 

 Turnover:            2012/2013          EUR        224,616,045.00

                      2013/2014          EUR        297,001,913.00

 Profit:              2012/2013          EUR        -19,377,738.00

                      2013/2014          EUR        -18,107,886.00

 further business figures:

 Equipment:                              EUR          3,222,257.00

 Ac/ts receivable:                       EUR         60,171,262.00

 Liabilities:                            EUR        272,401,473.00

 Employees:                                                  1,289

 

 

 BALANCE SHEETS

 

 Balance sheet ratios                             01.10.2013 - 30.09.2014

 Equity ratio [%]:                                                           -25.30

 Liquidity ratio:                                                               0.28

 Return on total capital [%]:                                             -6.46

 

 Balance sheet ratios                             01.01.2013 - 30.09.2013

 Equity ratio [%]:                                                            -31.05

 Liquidity ratio:                                                                               0.21

 Return on total capital [%]:                                           -6.92

 

 Balance sheet ratios                             01.01.2012 - 31.12.2012

 

 

Equity ratio [%]:                                                                            -26.73

 Liquidity ratio:                                                                0.20

 Return on total capital [%]:                                                2.26

 

 Balance sheet ratios                             01.01.2011 - 31.12.2011

 Equity ratio [%]:                                                            -27.77

 Liquidity ratio:                                                                 0.19

 Return on total capital [%]:                                               -2.04

 

 

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:                                                                          01.10.2013 - 30.09.2014

 

 ASSETS                                  EUR        351,237,620.82

  Fixed assets                           EUR        231,603,558.49

   Intangible assets                     EUR        106,280,354.08

    Internally generated industrial

    property rights and similar rights

    and assets                           EUR          2,825,741.62

    Concessions, licences, rights        EUR         22,947,133.60

    Goodwill                             EUR         80,507,478.86

   Tangible assets                       EUR         19,615,428.80

    Land / similar rights                EUR          3,811,561.99

    Plant / machinery                    EUR         11,402,675.53

    Other tangible assets / fixtures and

    fittings                             EUR          3,283,786.05

    Advance payments made / construction

    in progress                          EUR          1,117,405.23

   Financial assets                      EUR        105,707,775.61

    Shares in participations /

    subsidiaries and the like            EUR         49,796,779.30

     Shares in related companies         EUR         49,796,429.30

     Shares in investee companies        EUR                350.00

    Loans to participations /

    subsidiaries and the like            EUR         55,728,672.00

     Loans to related companies          EUR         55,728,672.00

    Other loans                          EUR            182,324.31

  Current assets                         EUR        117,943,935.44

   Stocks                                EUR         45,050,526.92

    Raw materials, consumables and

    supplies                             EUR         18,088,279.93

    Finished goods / work in progress    EUR        413,421,810.41

    Advance payments made                EUR         16,203,626.87

    Minus received advance payments for

    orders / installments for stocks     EUR       -402,663,190.29

   Accounts receivable                   EUR         71,488,936.42

    Trade debtors                        EUR         23,749,197.93

    Amounts due from related companies   EUR         46,514,572.03

    Other debtors and assets             EUR          1,225,166.46

   Liquid means                          EUR          1,404,472.10

  Remaining other assets                 EUR          1,690,126.89

   Accruals (assets)                     EUR          1,690,126.89

 

 LIABILITIES                             EUR        351,237,620.82

  Shareholders' equity                   EUR         12,777,442.56

   Capital                               EUR          2,615,000.00

    Subscribed capital (share capital)   EUR          2,615,000.00

   Reserves                              EUR         36,859,492.44

    Capital reserves                     EUR         28,849,523.59

    Retained earnings / revenue reserves EUR          8,009,968.85

   Balance sheet profit/loss (+/-)       EUR        -26,697,049.88

    Profit / loss brought forward        EUR         -8,589,162.89

    Annual surplus / annual deficit      EUR        -18,107,886.99

  Provisions                             EUR         81,989,888.75

   Pension provisions and comparable

   provisions                            EUR         47,958,394.44

   Provisions for taxes                  EUR            791,000.00

   Other / unspecified provisions        EUR         33,240,494.31

  Liabilities                            EUR        256,470,289.51

   Financial debts                       EUR         37,520,357.10

    Liabilities due to banks             EUR         37,520,357.10

   Other liabilities                     EUR        218,949,932.41

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         70,660,802.76

    Liabililties due to related companiesEUR        129,193,999.63

    Unspecified other liabilities        EUR         19,095,130.02

     thereof liabilities from tax /

     financial authorities               EUR          1,179,929.65

     thereof liabilities from social

     security                            EUR            337,185.09

  Guarantees and other commitments       EUR          2,685,000.00

   Guarantees / warranties               EUR          2,685,000.00

    Guarantees                           EUR          2,685,000.00

 

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

 Code (HGB)

  Sales                                  EUR        297,001,913.04

  Inventory change + own costs (+/-)     EUR        107,424,191.21

   Inventory change (+/-)                EUR        107,103,800.16

   Capitalised own costs                 EUR            320,391.05

  Other operating income                 EUR         12,236,395.89

  Cost of materials                      EUR        241,837,061.75

   Raw materials and supplies, purchased

   goods                                 EUR        233,965,550.58

   Purchased services                    EUR          7,871,511.17

  Gross result (+/-)                     EUR        174,825,438.39

  Staff expenses                         EUR        106,339,946.86

   Wages and salaries                    EUR         91,167,334.29

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR         15,172,612.57

  Total depreciation                     EUR         19,445,012.39

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR         19,445,012.39

  Other operating expenses               EUR         52,428,856.60

  Operating result from continuing

  operations                             EUR         -3,388,377.46

  Result from participating interests

  (+/-)                                  EUR          3,071,832.71

   Expenses / income from participations EUR          3,071,832.71

    Income from related companies        EUR          3,071,832.71

  Interest result (+/-)                  EUR        -10,100,807.05

   Interest and similar income           EUR          4,318,958.54

    thereof from related companies       EUR          2,818,785.53

   Interest and similar expenses         EUR         14,419,765.59

    thereof paid to related companies    EUR          7,386,619.90

  Other financial result                 EUR         -5,807,000.00

   Depreciation on financial assets and

   marketable securities                 EUR          5,807,000.00

  Financial result (+/-)                 EUR        -12,835,974.34

  Result from ordinary operations (+/-)  EUR        -16,224,351.80

  Extraordinary expenses                 EUR            678,360.81

  Extraordinary result (+/-)             EUR           -678,360.81

  Income tax / refund of income tax (+/-)EUR         -1,069,347.76

  Other taxes / refund of taxes          EUR           -135,826.62

  Tax (+/-)                              EUR         -1,205,174.38

  Annual surplus / annual deficit        EUR        -18,107,886.99

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2013 - 30.09.2013

 

 ASSETS                                  EUR        362,919,360.78

  Fixed assets                           EUR        250,572,057.96

   Intangible assets                     EUR        122,359,793.38

    Internally generated industrial

    property rights and similar rights

    and assets                           EUR          3,127,714.65

    Concessions, licences, rights        EUR         29,861,391.19

    Goodwill                             EUR         89,370,687.54

   Tangible assets                       EUR         19,001,632.95

    Land / similar rights                EUR          4,103,924.99

    Plant / machinery                    EUR         11,216,088.15

    Other tangible assets / fixtures and

    fittings                             EUR          3,222,257.42

    Advance payments made / construction

    in progress                          EUR            459,362.39

   Financial assets                      EUR        109,210,631.63

    Shares in participations /

    subsidiaries and the like            EUR         53,338,652.30

     Shares in related companies         EUR         53,338,302.30

     Shares in investee companies        EUR                350.00

    Loans to participations /

    subsidiaries and the like            EUR         55,728,672.00

     Loans to related companies          EUR         55,728,672.00

    Other loans                          EUR            143,307.33

  Current assets                         EUR        110,088,796.21

   Stocks                                EUR         48,039,598.74

    Raw materials, consumables and

    supplies                             EUR         18,529,985.90

    Finished goods / work in progress    EUR        307,969,075.42

    Advance payments made                EUR          9,753,364.45

    Minus received advance payments for

    orders / installments for stocks     EUR       -288,212,827.03

   Accounts receivable                   EUR         60,171,262.42

    Trade debtors                        EUR         28,179,750.00

    Amounts due from related companies   EUR         30,582,100.00

    Other debtors and assets             EUR          1,409,412.42

   Liquid means                          EUR          1,877,935.05

  Remaining other assets                 EUR          2,258,506.61

   Accruals (assets)                     EUR          2,258,506.61

 

 LIABILITIES                             EUR        362,919,360.78

  Shareholders' equity                   EUR          8,485,329.55

   Capital                               EUR          2,615,000.00

    Subscribed capital (share capital)   EUR          2,615,000.00

   Reserves                              EUR         14,459,492.44

    Capital reserves                     EUR          6,449,523.59

    Retained earnings / revenue reserves EUR          8,009,968.85

   Balance sheet profit/loss (+/-)       EUR         -8,589,162.89

    Profit / loss brought forward        EUR         10,788,575.25

    Annual surplus / annual deficit      EUR        -19,377,738.14

  Provisions                             EUR         82,032,558.20

   Pension provisions and comparable

   provisions                            EUR         47,508,005.81

   Provisions for taxes                  EUR          1,199,431.00

   Other / unspecified provisions        EUR         33,325,121.39

  Liabilities                            EUR        272,401,473.03

   Financial debts                       EUR         68,031,022.50

    Liabilities due to banks             EUR         68,031,022.50

   Other liabilities                     EUR        204,370,450.53

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         53,652,274.72

    Liabililties due to related companiesEUR        129,220,959.55

    Unspecified other liabilities        EUR         21,497,216.26

     thereof liabilities from tax /

     financial authorities               EUR          1,519,588.04

     thereof liabilities from social

     security                            EUR            467,635.40

 

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

 Code (HGB)

  Sales                                  EUR        224,616,045.08

  Inventory change + own costs (+/-)     EUR         60,945,461.46

   Inventory change (+/-)                EUR         60,172,492.45

   Capitalised own costs                 EUR            772,969.01

  Other operating income                 EUR         10,906,501.76

  Cost of materials                      EUR        165,945,747.25

   Raw materials and supplies, purchased

   goods                                 EUR        159,318,809.99

   Purchased services                    EUR          6,626,937.26

  Gross result (+/-)                     EUR        130,522,261.05

  Staff expenses                         EUR         78,634,789.82

   Wages and salaries                    EUR         68,372,935.33

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR         10,261,854.49

  Total depreciation                     EUR         14,419,971.77

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR         14,419,971.77

  Other operating expenses               EUR         46,511,973.51

  Operating result from continuing

  operations                             EUR         -9,044,474.05

  Interest result (+/-)                  EUR         -9,000,537.68

   Interest and similar income           EUR          4,106,287.83

    thereof from related companies       EUR          3,119,726.53

   Interest and similar expenses         EUR         13,106,825.51

    thereof paid to related companies    EUR          5,510,951.32

  Other financial result                 EUR                  0.00

   Income from securities and loans from

   financial assets                      EUR                  0.00

    thereof related companies            EUR                  0.00

  Financial result (+/-)                 EUR         -9,000,537.68

  Result from ordinary operations (+/-)  EUR        -18,045,011.73

  Extraordinary expenses                 EUR            678,360.55

  Extraordinary result (+/-)             EUR           -678,360.55

  Income tax / refund of income tax (+/-)EUR           -426,680.91

  Other taxes / refund of taxes          EUR           -227,684.95

  Tax (+/-)                              EUR           -654,365.86

  Annual surplus / annual deficit        EUR        -19,377,738.14

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.38

UK Pound

1

Rs.97.65

Euro

1

Rs.70.43

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

TRU

 

               

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.