MIRA INFORM REPORT

 

 

 

 

Report No. :

312813.2

Report Date :

19.05.2015

 

IDENTIFICATION DETAILS

 

Name :

OSCHATZ GMBH

 

 

Registered Office :

Westendhof 10-12 D 45143 Essen Post Box: 10 28 43, D 45028 Essen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

1849

 

 

Com. Reg. No.:

HRB 190

 

 

Legal Form :

Private limited company

 

 

Line of Business :
  • Manufacture of metal structures and parts of structures
  • Manufacture of other general-purpose machinery
  • Repair of fabricated metal products
  • Repair of machinery

 

 

No. of Employee :

180

 

 

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 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 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. 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 accounts for 34% of total energy consumption, 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.

 

Source : CIA

 

 

 

Company name and aadress

 

OSCHATZ GMBH

 

 In the meantime there have been changes in particular in the

 following areas subject to monitoring:

   - Financial information

     - Solvency Rating

   - Balance sheets

 

 

 Company Status:      active

                      Westendhof 10-12

                      D 45143 Essen

                      Post Box:

                      10 28 43, D 45028 Essen

                      Telephone:0201/1802-0

                      Telefax:  0201/1802-165

                      Homepage: www.oschatz.com

                      E-mail:   info@oschatz.com

 

 VAT no.:             DE119651549

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Summary

 

 LEGAL FORM               Private limited company

 Date of foundation:      1849

 Registered on:             18.06.2001

 Commercial Register:   Local court 45130 Essen

 under:                          HRB 190

 

 

 Share capital

 

 EUR         20,250,000.00

 

 Shareholder:

                      Dr. Jan-Christopher Schrag

                      Reckmannshof 19

                      D 45133 Essen

                      born: 02.01.1975

                      Share:             EUR          4,353,750.00

 Shareholder:

                      Tim Oliver Schrag

                      Julienstr. 27

                      D 45130 Essen

                      born: 29.05.1978

                      Share:             EUR          4,353,750.00

 Shareholder:

                      Jürg Oschatz

                      Isabellastr. 3

                      D 45130 Essen

                      born: 05.08.1941

                      Share:             EUR          3,106,350.00

 Shareholder:

                      Astrid Costegioli

                      Winkelweg 11

                      CH 4105 Biel-Benken

                      born: 12.09.1936

                      Share:             EUR          2,802,600.00

 Shareholder:

                      Joachim Horst Wolfgang Kurzbach

                      Ebersmoorweg 4

                      D 22143 Hamburg

                      born: 01.11.1968

                      Share:             EUR          1,557,225.00

 Shareholder:

                      Peter Boelke

                      Händelstr. 6

                      D 41462 Neuss

                      born: 30.07.1970

                      Share:             EUR          1,093,500.00

 Shareholder:

                      Sonja Harms

                      Buchbergweg 4

                      D 83703 Gmund

                      born: 05.12.1967

                      née: Boelke

                      Share:             EUR          1,093,500.00

 Shareholder:

                      Andrea Hübner

                      Georg-Hirth-Str. 51

                      D 83700 Rottach-Egern

                      born: 07.09.1966

                      née: Boelke

                      Share:             EUR          1,012,500.00

 Shareholder:

                      Frank Puschmann

                      Mittelweg 2

                      D 21465 Reinbek

                      born: 12.04.1962

                      Share:             EUR            224,775.00

 Shareholder:

                      Ulrike Bermitt

                      Heilbronner Str. 7

                      D 04209 Leipzig

                      born: 03.06.1958

                      Share:             EUR            224,775.00

 Shareholder:

                      Gudrun Vogel

                      Kanalstr. 5

                      D 04155 Leipzig

                      born: 31.07.1959

                      Share:             EUR            224,775.00

 Shareholder:

                      Dr. Hans-Jürgen Schrag

                      Zoeppritzstr. 19b

                      D 82467 Garmisch-Partenkirchen

                      born: 12.03.1949

                      Share:             EUR            202,500.00

 Manager:

                      Dr. Jan-Christopher Schrag

                      Reckmannshof 19

                      D 45133 Essen

                      born: 02.01.1975

 Manager:

                      Andreas Albrecht

                      Uhlandstr. 19

                      D 45699 Herten

                      born: 08.10.1964

                      Profession: graduate engineer

 Proxy:

                      Herbert Hüning

                      Ritterstr. 27

                      D 46348 Raesfeld

                      authorized to jointly represent the company

                      born: 03.12.1951

                      Profession: graduate engineer

 Proxy:

                      Tim Oliver Schrag

                      Julienstr. 27

                      D 45130 Essen

                      authorized to jointly represent the company

                      born: 29.05.1978

                      Marital status: unknown

 Proxy:

                      Hermann Hosch

                      Prosperstr. 120a

                      D 46238 Bottrop

                      authorized to jointly represent the company

                      born: 25.07.1953

                      Profession: Fully qualified merchant

 Proxy:

                      Hans-Wilhelm Winkler

                      Neudecker Str. 42

                      D 45470 Mülheim

                      authorized to jointly represent the company

                      born: 07.11.1954

 Proxy:

                      Christoph Werner Wilms

                      Am Dornbusch 85

                      D 46244 Bottrop

                      authorized to jointly represent the company

                      born: 09.10.1967

                      Marital status: unknown

 Proxy:

                      Heinz Wienen

                      Raiffeisenweg 7

                      D 46342 Velen

                      authorized to jointly represent the company

                      born: 31.08.1963

 Proxy:

                      Klaus Brunsbach

                      D 46325 Borken

                      authorized to jointly represent the company

                      born: 01.05.1967

 

 Further functions/participations of Dr. Jan-Christopher Schrag

 (Manager)

 

 Manager:

                      Oschatz Filtertechnik Verwaltungs-GmbH

                      Westendhof 10-12

                      D 45143 Essen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.01.2015

                      Reg. data:  45130 Essen, HRB 25990

 Manager:

                      Oschatz Beteiligungsgesellschaft mbH

                      Westendhof 10-12

                      D 45143 Essen

                      Legal form: Private limited company

                      Share capital:     EUR             30,677.51

                      Registered

                      on:         02.12.1997

                      Reg. data:  45130 Essen, HRB 12750

 

 Further functions/participations of Andreas Albrecht (Manager)

 Manager:

 

                      Oschatz Filtertechnik Verwaltungs-GmbH

                      Westendhof 10-12

                      D 45143 Essen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.01.2015

                      Reg. data:  45130 Essen, HRB 25990

 Manager:

                      Oschatz Beteiligungsgesellschaft mbH

                      Westendhof 10-12

                      D 45143 Essen

                      Legal form: Private limited company

                      Share capital:     EUR             30,677.51

                      Registered

                      on:         02.12.1997

                      Reg. data:  45130 Essen, HRB 12750

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 02.12.2009 - 02.04.2014  Manager

                          Dr. Hans-Jürgen Schrag

                          D 82467 Garmisch-Partenkirchen

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 25110   Manufacture of metal structures and parts of structures

28290   Manufacture of other general-purpose machinery

33110   Repair of fabricated metal products

33120   Repair of machinery

 

 

 PARTICIPATIONS

 

 Limited partner:

                      Oschatz Kraftwerkstechnik GmbH & Co. KG

                      Leverkusenstr. 54

                      D 22761 Hamburg

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            200,000.00

                      contribution:

                      Share:             EUR            200,000.00

                      Reg. data:  13.02.2012

                                  Local court 20355 Hamburg

                                  HRA 114361

 Limited partner:

                      Oschatz Filtertechnik GmbH & Co. KG

                      Westendhof 10-12

                      D 45143 Essen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            200,000.00

                      contribution:

                      Share:             EUR            200,000.00

                      Reg. data:  18.11.2014

                                  Local court 45130 Essen

                                  HRA 10285

 Limited partner:

                      Reining Heißkühlung GmbH & Co. KG

                      Dessauer Str. 60

                      D 45472 Mülheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            102,258.38

                      contribution:

                      Share:             EUR            102,258.38

                      Reg. data:  04.01.1947

                                  Local court 47051 Duisburg

                                  HRA 8420

 Shareholder:

                      Oschatz Beteiligungsgesellschaft mbH

                      Westendhof 10-12

                      D 45143 Essen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             30,677.51

                      Share:             EUR             30,677.51

                      Reg. data:  02.12.1997

                                  Local court 45130 Essen

                                  HRB 12750

 Shareholder:

                      RH-Verwaltungsgesellschaft mbH

                      Dessauer Str. 60

                      D 45472 Mülheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  17.11.1988

                                  Local court 47051 Duisburg

                                  HRB 14807

 Shareholder:

                      Oschatz Filtertechnik Verwaltungs-GmbH

                      Westendhof 10-12

                      D 45143 Essen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  06.01.2015

                                  Local court 45130 Essen

                                  HRB 25990

 Shareholder:

                      Synergie Gesellschaft für Publikationen und

                      Marketing GmbH

                      Lönsweg 35

                      D 45479 Mülheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR              5,000.00

                      Reg. data:  13.09.2010

                                  Local court 47051 Duisburg

                                  HRB 22715

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  without complaints

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2014

 

 

 REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Westendhof 10-12

                      D 45143 Essen

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal banks

 COMMERZBANK, 45116 ESSEN, RUHR

 Sort. code: 36040039, Account no.: 1516244

 BIC: COBADEFFXXX, IBAN: DE25360400390151624400

 SPARKASSE ESSEN, 45117 ESSEN, RUHR

 Sort. code: 36050105, Account no.: 286609

 BIC: SPESDE3EXXX, IBAN: DE44360501050000286609

 

 Further banks

 BREMER KREDITBANK, 28195 BREMEN

 Sort. code: 29020100, Account no.: 281333

 BIC: BANVDEHBXXX, IBAN: DE28290201000000281333

 WGZ BANK, 40001 DÜSSELDORF

 Sort. code: 30060010, Account no.: 195910

 BIC: GENODEDDXXX, IBAN: DE08300600100000195910

 UNICREDIT BANK - HYPOVEREINSBANK, 45005 ESSEN, RUHR

 Sort. code: 36020186, Account no.: 363743773

 BIC: HYVEDEMM360, IBAN: DE96360201860363743773

 NATIONAL-BANK ESSEN, 45027 ESSEN, RUHR

 Sort. code: 36020030, Account no.: 1837672

 BIC: NBAGDE3EXXX, IBAN: DE45360200300001837672

 LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144

 STUTTGART

 Sort. code: 60050101, Account no.: 2758099

 BIC: SOLADEST600, IBAN: DE30600501010002758099

 

 

 FINANCIAL FIGURES

 

 Turnover:            2013               EUR         92,917,438.00

                      2014               EUR         69,582,355.00

 Profit:              2013               EUR          2,844,162.00

                      2014               EUR         -4,887,038.00

 further business figures:

 Equipment:                              EUR            566,128.00

 Ac/ts receivable:                       EUR         24,304,626.00

 Liabilities:                            EUR         25,970,711.00

 Real estate of the firm:                EUR            794,127.00

 Total numbers of vehicles:                                     16

 - Passenger cars:                                              16

 Employees:                                                    180

 - thereof permanent staff:                                    173

 - Part-time employees:                                          5

 - Trainees:                                                     2

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2014 - 31.12.2014

 Equity ratio [%]:                 32.85

 Liquidity ratio:                   1.30

 Return on total capital [%]:      -7.43

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 35.81

 Liquidity ratio:                   1.11

 Return on total capital [%]:       3.90

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 30.96

 Liquidity ratio:                   1.18

 Return on total capital [%]:       4.32

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 35.07

 Liquidity ratio:                   1.00

 Return on total capital [%]:       7.84

 

 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:      01.01.2014 - 31.12.2014

 

 ASSETS                                  EUR         64,059,912.04

  Fixed assets                           EUR         23,364,834.22

   Intangible assets                     EUR            236,880.00

    Concessions, licences, rights        EUR            236,880.00

   Tangible assets                       EUR          1,445,172.72

    Land / similar rights                EUR            794,127.22

    Plant / machinery                    EUR             84,918.00

    Other tangible assets / fixtures and

    fittings                             EUR            566,127.50

   Financial assets                      EUR         21,682,781.50

    Shares in participations /

    subsidiaries and the like            EUR         11,791,042.49

     Shares in related companies         EUR         11,791,042.49

    Loans to participations /

    subsidiaries and the like            EUR          7,741,905.39

     Loans to related companies          EUR          7,741,905.39

    Securities included in fixed assets  EUR             37,692.35

    Other loans                          EUR          2,112,141.27

  Current assets                         EUR         40,509,911.12

   Stocks                                EUR          8,981,531.53

    Raw materials, consumables and

    supplies                             EUR            210,987.19

    Finished goods / work in progress    EUR          8,770,544.34

   Accounts receivable                   EUR         24,304,626.18

    Trade debtors                        EUR         21,840,810.07

    Amounts due from related companies   EUR            837,599.60

    Other debtors and assets             EUR          1,626,216.51

   Liquid means                          EUR          7,223,753.41

  Remaining other assets                 EUR            185,166.70

   Accruals (assets)                     EUR            185,166.70

 

 LIABILITIES                             EUR         64,059,912.04

  Shareholders' equity                   EUR         21,043,191.78

   Capital                               EUR         20,250,000.00

    Subscribed capital (share capital)   EUR         20,250,000.00

   Reserves                              EUR          1,400,000.00

    Retained earnings / revenue reserves EUR          1,400,000.00

   Balance sheet profit/loss (+/-)       EUR           -606,808.22

    Balance sheet profit / loss          EUR           -606,808.22

  Provisions                             EUR         17,046,009.00

   Pension provisions and comparable

   provisions                            EUR          9,506,434.00

   Provisions for taxes                  EUR            184,715.00

   Other / unspecified provisions        EUR          7,354,860.00

  Liabilities                            EUR         25,970,711.26

   Financial debts                       EUR          8,034,999.90

    Liabilities due to banks             EUR          8,034,999.90

   Other liabilities                     EUR         17,935,711.36

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          4,085,020.55

    Liabilities from received advance

    payments                             EUR         12,283,171.74

    Liabililties due to related companiesEUR          1,368,652.52

    Unspecified other liabilities        EUR            198,866.55

     thereof liabilities from tax /

     financial authorities               EUR            184,479.82

     thereof liabilities from social

     security                            EUR             14,386.73

 

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

 Code (HGB)

 

  Sales                                  EUR         69,582,354.50

  Inventory change + own costs (+/-)     EUR         -5,094,380.53

   Inventory change (+/-)                EUR         -5,094,380.53

  Other operating income                 EUR          1,442,267.93

  Cost of materials                      EUR         42,861,869.13

   Raw materials and supplies, purchased

   goods                                 EUR         12,374,881.02

   Purchased services                    EUR         30,486,988.11

  Gross result (+/-)                     EUR         23,068,372.77

  Staff expenses                         EUR         13,604,056.83

   Wages and salaries                    EUR         11,107,028.65

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,497,028.18

  Total depreciation                     EUR            403,289.37

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            403,289.37

  Other operating expenses               EUR         13,383,248.54

  Operating result from continuing

  operations                             EUR         -4,322,221.97

  Result from participating interests

  (+/-)                                  EUR          1,561,378.15

   Expenses / income from participations EUR          1,561,378.15

    Income from related companies        EUR          1,561,378.15

  Interest result (+/-)                  EUR         -1,412,803.16

   Interest and similar income           EUR             21,820.53

   Interest and similar expenses         EUR          1,434,623.69

    thereof paid to related companies    EUR                857.55

  Other financial result                 EUR           -640,918.33

   Income from securities and loans from

   financial assets                      EUR            241,908.17

    thereof related companies            EUR            163,821.11

   Depreciation on financial assets and

   marketable securities                 EUR            882,826.50

  Financial result (+/-)                 EUR           -492,343.34

  Result from ordinary operations (+/-)  EUR         -4,814,565.31

  Extraordinary expenses                 EUR            130,362.00

  Extraordinary result (+/-)             EUR           -130,362.00

  Income tax / refund of income tax (+/-)EUR            189,941.83

  Other taxes / refund of taxes          EUR           -132,052.22

  Tax (+/-)                              EUR             57,889.61

  Annual surplus / annual deficit        EUR         -4,887,037.70

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2013 - 31.12.2013

 

 ASSETS                                  EUR         76,323,666.50

  Fixed assets                           EUR         24,151,105.94

   Intangible assets                     EUR            380,899.00

    Concessions, licences, rights        EUR            380,899.00

   Tangible assets                       EUR          1,500,833.72

    Land / similar rights                EUR            826,616.22

    Plant / machinery                    EUR            108,979.00

    Other tangible assets / fixtures and

    fittings                             EUR            565,238.50

   Financial assets                      EUR         22,269,373.22

    Shares in participations /

    subsidiaries and the like            EUR         11,561,182.22

     Shares in related companies         EUR         11,561,182.22

    Loans to participations /

    subsidiaries and the like            EUR          8,667,706.00

     Loans to related companies          EUR          8,667,706.00

    Other loans                          EUR          2,040,485.00

  Current assets                         EUR         52,074,291.88

   Stocks                                EUR         14,723,704.02

    Raw materials, consumables and

    supplies                             EUR            327,515.35

    Finished goods / work in progress    EUR         14,396,188.67

   Accounts receivable                   EUR         32,263,462.14

    Trade debtors                        EUR         28,715,707.28

    Amounts due from related companies   EUR          1,777,606.73

    Other debtors and assets             EUR          1,770,148.13

   Liquid means                          EUR          5,087,125.72

  Remaining other assets                 EUR             98,268.68

   Accruals (assets)                     EUR             98,268.68

 

 LIABILITIES                             EUR         76,323,666.50

  Shareholders' equity                   EUR         27,330,229.48

   Capital                               EUR         20,250,000.00

    Subscribed capital (share capital)   EUR         20,250,000.00

   Reserves                              EUR          1,400,000.00

    Retained earnings / revenue reserves EUR          1,400,000.00

   Balance sheet profit/loss (+/-)       EUR          5,680,229.48

    Balance sheet profit / loss          EUR          5,680,229.48

  Provisions                             EUR         14,792,393.07

   Pension provisions and comparable

   provisions                            EUR          9,169,968.07

   Provisions for taxes                  EUR            201,026.00

   Other / unspecified provisions        EUR          5,421,399.00

  Liabilities                            EUR         34,201,043.95

   Financial debts                       EUR          9,674,999.94

    Liabilities due to banks             EUR          9,674,999.94

   Other liabilities                     EUR         24,526,044.01

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          5,684,197.02

    Liabilities from received advance

    payments                             EUR         17,226,130.00

    Liabililties due to related companiesEUR            888,399.61

    Unspecified other liabilities        EUR            727,317.38

     thereof liabilities from tax /

     financial authorities               EUR            234,193.50

     thereof liabilities from social

     security                            EUR              3,657.63

 

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

 Code (HGB)

 

  Sales                                  EUR         92,917,437.88

  Inventory change + own costs (+/-)     EUR          2,461,474.87

   Inventory change (+/-)                EUR          2,461,474.87

  Other operating income                 EUR          2,183,256.13

  Cost of materials                      EUR         66,427,568.52

   Raw materials and supplies, purchased

   goods                                 EUR         18,909,373.77

   Purchased services                    EUR         47,518,194.75

  Gross result (+/-)                     EUR         31,134,600.36

  Staff expenses                         EUR         16,814,028.47

   Wages and salaries                    EUR         14,010,517.07

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,803,511.40

  Total depreciation                     EUR            401,445.25

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            401,445.25

  Other operating expenses               EUR         11,097,350.05

  Operating result from continuing

  operations                             EUR          2,821,776.59

  Result from participating interests

  (+/-)                                  EUR          2,743,430.10

   Expenses / income from participations EUR          2,743,430.10

    Income from related companies        EUR          2,743,430.10

  Interest result (+/-)                  EUR         -1,556,931.87

   Interest and similar income           EUR             18,493.53

   Interest and similar expenses         EUR          1,575,425.40

    thereof paid to related companies    EUR                857.55

  Other financial result                 EUR            147,506.87

   Income from securities and loans from

   financial assets                      EUR            184,334.53

    thereof related companies            EUR            184,334.53

   Depreciation on financial assets and

   marketable securities                 EUR             36,827.66

  Financial result (+/-)                 EUR          1,334,005.10

  Result from ordinary operations (+/-)  EUR          4,155,781.69

  Extraordinary expenses                 EUR            130,362.00

  Extraordinary result (+/-)             EUR           -130,362.00

  Income tax / refund of income tax (+/-)EUR           -848,113.06

  Other taxes / refund of taxes          EUR           -333,144.75

  Tax (+/-)                              EUR         -1,181,257.81

  Annual surplus / annual deficit        EUR          2,844,161.88

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.55

UK Pound

1

Rs.99.86

Euro

1

Rs.72.67

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

ANK

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

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

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.