MIRA INFORM REPORT

 

 

Report No. :

311395

Report Date :

09.03.2015

 

IDENTIFICATION DETAILS

 

Name :

ROBERT BÜRKLE GMBH

 

 

Registered Office :

Stuttgarter Str. 123, D 72250 Freudenstadt

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

01.01.1920

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of other general-purpose machinery

 

 

No of Employees :

423

 

 

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 – 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 Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

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 & address

 

Robert Bürkle GmbH

Stuttgarter Str. 123

D 72250 Freudenstadt

Telephone:07441/58-0

Telefax:  07441/7813

Homepage: www.buerkle-gmbh.de

E-mail:   buerkle@buerkle-gmbh.de

 

 

Company Status

 

Active

 

 

VAT no            

 

DE812201175

 

 

Tax ID number     

 

42076/06612

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Company details

 

 LEGAL FORM                          Private limited company

 Date of foundation:                  01.01.1920

 Shareholders'

 agreement:                               15.03.1997

 Registered on:                         22.04.1997

 Commercial Register:               Local court 70190 Stuttgart

 under:                                      HRB 430840

 

 Share capital:                          EUR         10,366,718.00

 Shareholder:

                      Nimbus Investments LXIV B.V.

                      Driebergseweg 17

                      NL 3708JA Zeist

                      Legal form: Other legal form

                      Share:             EUR          8,646,502.00

 Shareholder:

                      Outdoor Consulting + Engineering GmbH

                      Sanderrothstr. 12

                      D 97074 Würzburg

                      Legal form: Private limited company

                      Share capital:     EUR             51,150.00

                      Share:             EUR            673,868.00

                      Registered on: 10.06.2010

                      Reg. data: 97070 Würzburg, HRB 10729

 Shareholder:

                      Renate Kiess

                      Lauterbadstr. 61

                      D 72250 Freudenstadt

                      née: Bürkle

                      Share:             EUR            566,700.00

 Shareholder:

                      Bender Engineering GmbH

                      Hohenwettersbacher Str. 19a

                      D 76228 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR            458,848.00

                      Registered on: 26.01.1999

                      Reg. data: 68159 Mannheim, HRB 108442

 Shareholder:

                      Ursula Knorr

                      D 70193 Stuttgart

                      born: 25.04.1953

                      née: Kieß

                      Share:             EUR             10,400.00

 Shareholder:

                      Sylvia Igel

                      Lauterbadstr. 61

                      D 72250 Freudenstadt

                      Share:             EUR             10,400.00

 Manager:

                      Jürgen Brenner

                      Lorettoplatz 16

                      D 72072 Tübingen

                      authorized to jointly represent the company

                      born: 07.07.1966

                      Profession: graduate engineer

 Manager:

                      Heinz-Jürgen Max Schröer

                      D 76530 Baden-Baden

                      having sole power of representation

                      born: 26.04.1966

                      Profession: graduate engineer

                      Marital status: unknown

 Proxy:

                      Olaf G. Rohrbeck

                      Forchenwaldstr. 24

                      D 72178 Waldachtal

                      authorized to jointly represent the company

                      born: 13.07.1959

                      Marital status: married

 Proxy:

                      Marco Spindler

                      Birkenweg 11

                      D 72297 Seewald

                      authorized to jointly represent the company

                      born: 20.01.1967

 

 Further functions/participations of Jürgen Brenner (Manager)

 Manager:

                      Robert Bürkle Automation GmbH

                      Fohling 30

                      D 33106 Paderborn

                      Post Box:

                      51 09

                      Legal form: Private limited company dormant

                      Share capital:     EUR             51,150.00

                      Registered

                      on:         08.09.1988

                      Reg. data:  33098 Paderborn, HRB 1521

 

 Further functions/participations of Heinz-Jürgen Max Schröer

 (Manager)

 Shareholder:

                      UWG Management GmbH

                      Balzenbergstr. 30

                      D 76530 Baden-Baden

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         01.09.2014

                      Reg. data:  68159 Mannheim, HRB 720277

 Manager:

                      Bürkle Verwaltungs-GmbH

                      Stuttgarter Str. 123

                      D 72250 Freudenstadt

                      Legal form: Private limited company

                      Share capital:     EUR             30,677.52

                      Registered

                      on:         11.06.1970

                      Reg. data:  70190 Stuttgart, HRB 430110

 Manager:

                      UWG Management GmbH

                      Balzenbergstr. 30

                      D 76530 Baden-Baden

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         01.09.2014

                      Reg. data:  68159 Mannheim, HRB 720277

 Manager:

                      Bürkle China Verwaltungs mbH

                      D 72250 Freudenstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         02.03.2005

                      Reg. data:  70190 Stuttgart, HRB 431065

 

 

 COMPANY HISTORY

 

 01.01.1920 - 21.04.1997  Robert Bürkle GmbH & Co.

                          Stuttgarter Str. 123

                          D 72250 Freudenstadt

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 07.02.2013 - 07.10.2014  Manager

                          Ralf Spindler

                          D 72250 Freudenstadt

 07.02.2013 - 07.10.2014  Manager

                          Renato Luck

                          CH - Chur

 16.05.1997 - 06.05.2013  Manager

                          Hans-Joachim Bender

                          D 76228 Karlsruhe

 04.11.2011 - 14.06.2012  Manager

                          Andreas Kriegler

                          D 72655 Altdorf

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 28290   Manufacture of other general-purpose machinery

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      Robert Bürkle GmbH

                      Gewerbestr. 5

                      D 33397 Rietberg

                      TEL.: 02944/97070

                      FAX.: 02944/6070

                      Reg. entry: 21.05.1999

 

 

 PARTICIPATIONS

 

 Shareholder:

                      Fiber Engineering GmbH

                      Schoemperlenstr. 11c-11d

                      D 76185 Karlsruhe

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            142,900.00

                      Share:             EUR             72,900.00

                      Reg. data:  07.02.2006

                                  Local court 68159 Mannheim

                                  HRB 111195

 Shareholder:

                      Robert Bürkle Automation GmbH

                      Fohling 30

                      D 33106 Paderborn

                      Post Box:

                      51 09

                      Legal form: Private limited company

                      Company Status: dormant

                      since:          28.11.2014

                      Share capital:     EUR             51,150.00

                      Share:             EUR             51,150.00

                      Reg. data:  08.09.1988

                                  Local court 33098 Paderborn

                                  HRB 1521

 Shareholder:

                      Bürkle Verwaltungs-GmbH

                      Stuttgarter Str. 123

                      D 72250 Freudenstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             30,677.52

                      Share:             EUR             30,677.52

                      Reg. data:  11.06.1970

                                  Local court 70190 Stuttgart

                                  HRB 430110

 Shareholder:

                      Bürkle China Verwaltungs mbH

                      D 72250 Freudenstadt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             17,500.00

                      Reg. data:  02.03.2005

                                  Local court 70190 Stuttgart

                                  HRB 431065

 Shareholder:

                      Bürkle Laser Technology GmbH

                      Stuttgarter Str. 123

                      D 72250 Freudenstadt

                      Legal form: Private limited company

                      Company Status: in liquidation

                      since:          24.04.2014

                      Share capital:     EUR             25,000.00

                      Share:             EUR             15,000.00

                      Reg. data:  29.12.2011

                                  Local court 70190 Stuttgart

                                  HRB 739812

 

 

 FINANCIAL INFORMATION

 

Payment experience:                 within agreed terms

 

 Negative information:               We have no negative information at hand.

 

 Balance sheet year:                  2012

 

 

 

 REAL ESTATE

 

 Type of ownership:       proprietor

 Share:                          100.00 %

 Address                       Stuttgarter Str. 123-125

                                    D 72250 Freudenstadt

 

 Type of ownership:       Tenant

 Address                       Stuttgarter Str. 123

                                    D 72250 Freudenstadt

 

 Real Estate of:             Heinz-Jürgen Max Schröer

 Type of ownership:       unknown

 Address                       Limbacher Str. 34

                                    D 66539 Neunkirchen

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal banks

 COMMERZBANK, 76007 KARLSRUHE, BADEN

 Sort. code: 66040018, Account no.: 229080700

 BIC: COBADEFFXXX, IBAN: DE89660400180229080700

 VOLKSBANK HORB-FREUDENSTADT, 72250 FREUDENSTADT

 Sort. code: 64291010, Account no.: 7616007

 BIC: GENODES1FDS, IBAN: DE98642910100007616007

 UNICREDIT BANK - HYPOVEREINSBANK, 33505 BIELEFELD

 Sort. code: 48020086, Account no.: 3106225

 BIC: HYVEDEMM344, IBAN: DE19480200860003106225

 

 Further banks

 DEUTSCHE BANK, 72704 REUTLINGEN

 Sort. code: 64070085, Account no.: 1444777

 BIC: DEUTDESS640, IBAN: DE98640700850144477700

 KREISSPARKASSE FREUDENSTADT, 72235 FREUDENSTADT

 Sort. code: 64251060, Account no.: 12933

 BIC: SOLADES1FDS, IBAN: DE61642510600000012933

 LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144

 STUTTGART

 Sort. code: 60050101, Account no.: 4900450

 BIC: SOLADEST600, IBAN: DE78600501010004900450

 

 

 FINANCIAL FIGURES

 

 Turnover:            2013               EUR         92,000,000.00

                      2014               EUR         92,500,000.00

 Expected turnover:                      EUR         93,000,000.00

 further business figures:

 Equipment:                              EUR          1,187,038.00

 Ac/ts receivable:                       EUR         24,880,174.00

 Liabilities:                            EUR         33,885,288.00

 Total numbers of vehicles:                                     15

 Employees:                                                    423

 - Trainees:                                                    24

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                                   12.92

 Liquidity ratio:                                      0.78

 Return on total capital [%]:                    -10.14

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                                   20.14

 Liquidity ratio:                                      0.82

 Return on total capital [%]:                    -3.57

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                                   25.90

 Liquidity ratio:                                      0.90

 Return on total capital [%]:                    1.15

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                                   30.79

 Liquidity ratio:                                      0.74

 Return on total capital [%]:                    -6.16

 

 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         47,278,050.23

  Fixed assets                           EUR         11,781,371.33

   Intangible assets                     EUR            645,707.00

    Internally generated industrial

    property rights and similar rights

    and assets                           EUR            296,396.00

    Concessions, licences, rights        EUR            349,311.00

   Tangible assets                       EUR          9,654,235.99

    Land / similar rights                EUR          7,773,332.40

    Plant / machinery                    EUR            393,865.59

    Other tangible assets / fixtures and

    fittings                             EUR          1,187,038.00

    Advance payments made / construction

    in progress                          EUR            300,000.00

   Financial assets                      EUR          1,481,428.34

    Shares in participations /

    subsidiaries and the like            EUR          1,356,428.34

     Shares in related companies         EUR          1,356,428.34

    Loans to participations /

    subsidiaries and the like            EUR            125,000.00

     Loans to related companies          EUR            125,000.00

  Current assets                         EUR         35,395,752.93

   Stocks                                EUR          9,847,422.64

    Raw materials, consumables and

    supplies                             EUR          4,291,569.00

    Finished goods / work in progress    EUR          8,719,928.00

    Advance payments made                EUR            687,705.37

    Minus received advance payments for

    orders / installments for stocks     EUR         -3,851,779.73

   Accounts receivable                   EUR         24,880,174.16

    Trade debtors                        EUR         18,752,766.47

    Amounts due from related companies   EUR          5,933,711.45

    Other debtors and assets             EUR            193,696.24

   Liquid means                          EUR            668,156.13

  Remaining other assets                 EUR            100,925.97

   Accruals (assets)                     EUR            100,925.97

 

 LIABILITIES                             EUR         47,278,050.23

  Shareholders' equity                   EUR          4,603,510.08

   Capital                               EUR          2,255,717.52

    Subscribed capital (share capital)   EUR          2,255,717.52

   Reserves                              EUR          6,461,856.19

    Capital reserves                     EUR          1,129,356.19

    Retained earnings / revenue reserves EUR          5,332,500.00

   Balance sheet profit/loss (+/-)       EUR         -4,114,063.63

    Balance sheet profit / loss          EUR         -4,114,063.63

  Provisions                             EUR          8,782,251.74

   Pension provisions and comparable

   provisions                            EUR          3,901,803.00

   Other / unspecified provisions        EUR          4,880,448.74

  Liabilities                            EUR         33,885,288.41

   Financial debts                       EUR         17,256,297.90

    Liabilities due to banks             EUR         17,256,297.90

   Other liabilities                     EUR         16,628,990.51

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          5,497,563.17

    Liabilities from received advance

    payments                             EUR          7,018,859.17

    Liabilities due to shareholders      EUR          1,506,250.00

    Liabililties due to related companiesEUR          1,499,316.17

    Unspecified other liabilities        EUR          1,107,002.00

     thereof liabilities from tax /

     financial authorities               EUR            673,000.00

     thereof liabilities from social

     security                            EUR              5,000.00

  Other liabilities                      EUR              7,000.00

   Deferrals (liabilities)               EUR              7,000.00

  Guarantees and other commitments       EUR            610,000.00

   Guarantees / warranties               EUR            610,000.00

    Guarantees                           EUR            250,000.00

    Warranties                           EUR            360,000.00

 

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

 

 Code (HGB)

  Sales                                  EUR         92,111,532.76

  Inventory change + own costs (+/-)     EUR            681,086.00

   Inventory change (+/-)                EUR            371,803.00

   Capitalised own costs                 EUR            309,283.00

  Other operating income                 EUR            663,947.00

  Cost of materials                      EUR         47,071,796.96

   Raw materials and supplies, purchased

   goods                                 EUR         45,073,630.66

   Purchased services                    EUR          1,998,166.30

  Gross result (+/-)                     EUR         46,384,768.80

  Staff expenses                         EUR         29,716,038.41

   Wages and salaries                    EUR         25,064,933.82

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          4,651,104.59

  Total depreciation                     EUR          1,222,167.40

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,222,167.40

  Other operating expenses               EUR         18,504,586.05

  Operating result from continuing

  operations                             EUR         -3,058,023.06

  Interest result (+/-)                  EUR         -1,481,783.95

   Interest and similar income           EUR             30,213.03

    thereof from related companies       EUR              2,183.40

   Interest and similar expenses         EUR          1,511,996.98

  Other financial result                 EUR           -132,419.39

   Income from securities and loans from

   financial assets                      EUR             54,498.61

    thereof related companies            EUR             54,498.61

   Depreciation on financial assets and

   marketable securities                 EUR            186,918.00

  Financial result (+/-)                 EUR         -1,614,203.34

  Result from ordinary operations (+/-)  EUR         -4,672,226.40

  Extraordinary expenses                 EUR             49,332.00

  Extraordinary result (+/-)             EUR            -49,332.00

  Income tax / refund of income tax (+/-)EUR            -28,527.48

  Other taxes / refund of taxes          EUR            -94,971.57

  Tax (+/-)                              EUR           -123,499.05

  Annual surplus / annual deficit        EUR         -4,845,057.45

 

 Type of balance sheet:                                    Company balance sheet

 

 Financial year:                                                01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR         54,403,514.97

  Fixed assets                           EUR         12,522,403.94

   Intangible assets                     EUR            474,889.00

    Concessions, licences, rights        EUR            474,889.00

   Tangible assets                       EUR         10,443,486.60

    Land / similar rights                EUR          8,126,977.40

    Plant / machinery                    EUR            462,592.59

    Other tangible assets / fixtures and

    fittings                             EUR          1,260,110.71

    Advance payments made / construction

    in progress                          EUR            593,805.90

   Financial assets                      EUR          1,604,028.34

    Shares in participations /

    subsidiaries and the like            EUR          1,379,028.34

     Shares in related companies         EUR          1,379,028.34

    Loans to participations /

    subsidiaries and the like            EUR            225,000.00

     Loans to related companies          EUR            225,000.00

  Current assets                         EUR         41,784,687.10

   Stocks                                EUR         12,068,335.45

    Raw materials, consumables and

    supplies                             EUR          4,265,095.00

    Finished goods / work in progress    EUR          8,348,125.00

    Advance payments made                EUR            282,539.50

    Minus received advance payments for

    orders / installments for stocks     EUR           -827,424.05

   Accounts receivable                   EUR         29,635,673.42

    Trade debtors                        EUR         22,017,963.06

    Amounts due from related companies   EUR          7,513,430.68

    Other debtors and assets             EUR            104,279.68

   Liquid means                          EUR             80,678.23

  Remaining other assets                 EUR             96,423.93

   Accruals (assets)                     EUR             96,423.93

 

 LIABILITIES                             EUR         54,403,514.97

  Shareholders' equity                   EUR          9,448,567.53

   Capital                               EUR          2,255,717.52

    Subscribed capital (share capital)   EUR          2,255,717.52

   Reserves                              EUR          6,461,856.19

    Capital reserves                     EUR          1,129,356.19

    Retained earnings / revenue reserves EUR          5,332,500.00

   Balance sheet profit/loss (+/-)       EUR            730,993.82

    Balance sheet profit / loss          EUR            730,993.82

  Provisions                             EUR          7,390,186.23

   Pension provisions and comparable

   provisions                            EUR          3,769,768.00

   Other / unspecified provisions        EUR          3,620,418.23

  Liabilities                            EUR         37,536,761.21

   Financial debts                       EUR         21,526,209.52

    Liabilities due to banks             EUR         21,526,209.52

   Other liabilities                     EUR         16,010,551.69

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          6,305,211.11

    Liabilities from received advance

    payments                             EUR          5,121,147.44

    Liabilities due to shareholders      EUR          1,506,250.00

    Liabililties due to related companiesEUR          2,106,916.58

    Unspecified other liabilities        EUR            971,026.56

  Other liabilities                      EUR             28,000.00

   Deferrals (liabilities)               EUR             28,000.00

 

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

 Code (HGB)

  Sales                                  EUR         95,744,772.76

  Inventory change + own costs (+/-)     EUR          3,404,778.00

   Inventory change (+/-)                EUR          3,399,678.00

   Capitalised own costs                 EUR              5,100.00

  Other operating income                 EUR            615,436.50

  Cost of materials                      EUR         53,044,911.21

   Raw materials and supplies, purchased

   goods                                 EUR         51,158,968.35

   Purchased services                    EUR          1,885,942.86

  Gross result (+/-)                     EUR         46,720,076.05

  Staff expenses                         EUR         30,391,462.15

   Wages and salaries                    EUR         25,742,817.88

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          4,648,644.27

  Total depreciation                     EUR          1,031,800.80

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,031,800.80

  Other operating expenses               EUR         14,729,007.39

  Operating result from continuing

  operations                             EUR            567,805.71

  Result from participating interests

  (+/-)                                  EUR            706,605.58

   Expenses / income from participations EUR            706,605.58

    Income from related companies        EUR            706,605.58

  Interest result (+/-)                  EUR         -1,435,259.63

   Interest and similar income           EUR             58,522.55

    thereof from related companies       EUR              3,307.30

   Interest and similar expenses         EUR          1,493,782.18

  Other financial result                 EUR         -1,607,583.11

   Income from securities and loans from

   financial assets                      EUR            130,976.67

    thereof related companies            EUR            130,976.67

   Depreciation on financial assets and

   marketable securities                 EUR          1,738,559.78

  Financial result (+/-)                 EUR         -2,336,237.16

  Result from ordinary operations (+/-)  EUR         -1,768,431.45

  Extraordinary result (+/-)             EUR            -49,332.00

  Income tax / refund of income tax (+/-)EUR            -74,237.90

  Other taxes / refund of taxes          EUR            -51,680.35

  Tax (+/-)                              EUR           -125,918.25

  Annual surplus / annual deficit        EUR         -1,943,681.70

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 62.20

UK Pound

1

Rs. 94.71

Euro

1

Rs. 68.60

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

DPT

 

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.