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MIRA INFORM REPORT
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Report No. : |
500132 |
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Report Date : |
03.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SOLARWORLD
AKTIENGESELLSCHAFT |
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Registered Office : |
Karl-Legien-Str. 188 D 53117
Bonn |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
26.03.1999 |
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Com. Reg. No.: |
HRB 8319 |
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Legal Form : |
Public limited company |
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Line of Business : |
·
Manufacture of other general-purpose
machinery n.e.c.
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
D |
|
Credit Rating |
Explanation |
Rating Comments |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
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Status : |
Insolvent |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
|
Source
: CIA |
Company
name and address
SolarWorld Aktiengesellschaft
Karl-Legien-Str. 188
D 53117 Bonn
Company Status
insolvent since: 12.05.2017
VAT no.
DE812654360
CONCLUSION
Business relations on credit basis are not
permissible.
Company
summary
LEGAL FORM Public
limited company
Date of foundation: 26.03.1999
Registered on: 26.03.1999
Commercial Register: Local court 53111 Bonn
under: HRB
8319
Share capital: EUR 14,896,000.00
The company is listed on
the stock market.
Shareholder:
Dr. E.h. Frank Heinz
Hermann Asbeck
Am Büchel 55
D 53173 Bonn
born: 11.08.1959 in Hagen
Share: 20.850 %
Shareholder:
Qatar Solar S.P.C.
Q Doha
Legal form: Other legal
form
Share: 29.000 %
President of the Board of Directors:
Dr. E.h. Frank Heinz
Hermann Asbeck
Am Büchel 55
D 53173 Bonn
born: 11.08.1959 in Hagen
Profession: Engineer
Marital status: married
President of the Supervisory Board:
Dr. Georg Gansen
Ubierstr. 47
D 53173 Bonn
born: 05.06.1959
Profession: Solicitor
Vice-president of the Supervisory Board:
Gerald Voigt
D 09111 Chemnitz
Marital status: unknown
Shareholder representative within the
Supervisory Board:
Dr.jur. Andreas Pleßke
Schönbichlstr. 90c
D 82211 Herrsching
born: 05.09.1961
Profession: Solicitor
Marital status: unknown
Shareholder representative within the Supervisory
Board:
Jürgen Wild
F Vaucresson
born: 26.08.1961
Profession: Business
consultant
Shareholder representative within the
Supervisory Board:
Heiner Eichermüller
USA Scottsdale
Profession: Business
consultant
Marital status: unknown
Shareholder representative within the
Supervisory Board:
Dr. Khalid Klefeekh Al
Hajri
Q Doha
Nationality: Qatari
Marital status: unknown
Shareholder representative within the
Supervisory Board:
Daria Revina
Q
Doha
Nationality: Qatari
Marital status: unknown
Representative of the Employees within the
Supervisory Board:
Dr. Ute Mareck
Körnerstr. 19
D 09599 Freiberg
born: 14.12.1964
Representative of the Employees within the
Supervisory Board:
Olaf Zirr
D 99097 Erfurt
born: 19.05.1972
Representative of the Employees within the
Supervisory Board:
Wolfgang Lemb
D 60329 Frankfurt
born: 11.02.1962
Marital status: married
Representative of the Employees within the
Supervisory Board:
Albrecht Handke
D 01067 Dresden
Marital status: unknown
Representative of the Employees within the
Supervisory Board:
Alexander Richter
D 09599 Freiberg
Marital status: unknown
Further functions/participations of Dr. E.h.
Frank Heinz Hermann
Asbeck (President of the Board of Directors)
Proprietor:
Dr. Ing. E. h. Frank
Asbeck Ingenieurbüro
für Industrieanlagen e. K.
Kölner Str. 9
D 53424 Remagen
Legal form: Sole
proprietorship
Registered
on: 17.02.1989
Reg. data: 56068 Koblenz, HRA 21883
General partner:
Villa Cahn KG
Am Büchel 55
D 53173 Bonn
Legal form: Limited
partnership
Total cap. EUR 9,998.00
contribution:
Registered
on: 20.07.2012
Reg. data: 53111 Bonn, HRA 7995
Limited partner:
Asbeck Konzert- und
Ballhaus Tivoli GmbH &
Co. KG
Bornheimer Str. 24
D 53111 Bonn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 345,000.00
contribution:
Share: EUR 345,000.00
Registered
on: 18.02.2002
Reg. data: 53111 Bonn, HRA 4873
Shareholder:
Solar Holding
Beteiligungsgesellschaft mbH
Kölner Str. 9
D 53424 Remagen
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Share: EUR 519,998.00
Registered
on: 11.04.2017
Reg. data: 56068 Koblenz, HRB 25596
Shareholder:
Tivoli
Verwaltungsgesellschaft mbH
Bornheimer Str. 24
D 53111 Bonn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 04.12.2001
Reg. data: 53111 Bonn, HRB 9685
Manager:
SolarWorld Industries
Thüringen GmbH
Robert-Bosch-Str. 1
D 99310 Arnstadt
Legal form: Private
limited company
insolvent
Share capital: EUR 25,000.00
Registered
on: 22.05.2014
Reg. data: 07745 Jena, HRB 510228
Manager:
Tivoli Betriebs GmbH
Dr.-Külz-Str. 3
D 09599 Freiberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 08.04.2002
Reg. data: 09112 Chemnitz, HRB 19658
Manager:
SolarWorld Industries
GmbH
Martin-Luther-King-Str.
24
D 53175 Bonn
Legal form: Private
limited company
insolvent
Share capital: EUR 25,000.00
Registered
on: 28.07.2017
Reg. data: 53111 Bonn, HRB 23089
Manager:
Tivoli
Verwaltungsgesellschaft mbH
Bornheimer Str. 24
D 53111 Bonn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 04.12.2001
Reg. data: 53111 Bonn, HRB 9685
Manager:
Solar Holding
Beteiligungsgesellschaft mbH
Kölner Str. 9
D 53424 Remagen
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 11.04.2017
Reg. data: 56068 Koblenz, HRB 25596
Manager:
Eifelstrom GmbH
Kölner Str. 9
D 53424 Remagen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.02.2017
Reg. data: 56068 Koblenz, HRB 25532
Manager:
CCB Besitzgesellschaft
mbH
Bornheimer Str. 24
D 53111 Bonn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.03.2016
Reg. data: 53111 Bonn, HRB 22160
Manager:
Solarparc Vilshofen GmbH
Karl-Legien-Str. 188
D 53117 Bonn
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 14.02.2007
Reg. data: 53111 Bonn, HRB 15205
COMPANY
HISTORY
company name and legal form
31.12.2008 - 18.10.2017 SolarWorld Aktiengesellschaft
Martin-Luther-King-Str. 24
D 53175 Bonn
Public limited
company
26.03.1999 - 31.12.2008 SolarWorld Aktiengesellschaft
Kurt-Schumacher-Str.
12-14
D 53113 Bonn
Public limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
09.12.2015 - 11.08.2017 Member of the Board of Directors
Frank Henn
D 53819
Neunkirchen-Seelscheid
09.12.2015 - 11.08.2017 Member of the Board of Directors
Philipp Koecke
Gotenring 59
D 50679 Köln
09.12.2015 - 11.08.2017 Member of the Board of Directors
Colette
Rückert-Hennen
D 53111 Bonn
09.12.2015 - 11.08.2017 Member of the Board of Directors
Jürgen Stein
Gotenstr. 80
D 53175 Bonn
19.10.2015 - 09.12.2015 Member of the Supervisory Board
Anke Heede
Bahnhofstr. 2
D 09600 Weißenborn
19.10.2015 - 09.12.2015 Member of the Supervisory Board
Peter Finger
D 53113 Bonn
11.06.2015 - 15.10.2015 Member of the Supervisory Board
Joachim Götz
Geschwister-Scholl-Str. 57
D 99085 Erfurt
18.12.2014 - 30.09.2015 Member of the Supervisory Board
Heiner Eichermüller
USA Scottsdale
30.05.2015 - 02.06.2015 Member of the Board of Directors
Dr. E.h. Frank Heinz
Hermann Asbeck
Am Büchel 55
D 53173 Bonn
30.05.2015 - 02.06.2015 Member of the Board of Directors
Frank Henn
D 53819
Neunkirchen-Seelscheid
30.05.2015 - 02.06.2015 Member of the Board of Directors
Colette
Rückert-Hennen
D 53111 Bonn
30.05.2015 - 02.06.2015 Member of the Board of Directors
Jürgen Stein
Gotenstr. 80
D 53175 Bonn
30.05.2014 - 02.06.2015 Member of the Board of Directors
Philipp Koecke
Gotenring 59
D 50679 Köln
BUSINESS
ACTIVITIES
Main industrial sector
2829
Manufacture of other general-purpose machinery n.e.c.
4643 Wholesale of electrical household
appliances and radio and televisiongoods
Secondary industrial sector
3513
Distribution of electricity
BRANCHES
AND FACTORIES
Works:
SolarWorld
Aktiengesellschaft
Karl-Legien-Str. 188
D 53117 Bonn
TEL.: 0228/559200
Works:
SolarWorld
Aktiengesellschaft
D 09599 Freiberg
Works:
SolarWorld
Aktiengesellschaft
D 99310 Arnstadt
PARTICIPATIONS
Shareholder:
SolarWorld Industries Sachsen GmbH
Berthelsdorfer Str. 111a
D 09599 Freiberg
Post Box:
17 11
Legal form: Private
limited company
Company Status: insolvent
since: 12.05.2017
Share capital: EUR
40,000,000.00
Share: EUR 40,000,000.00
Reg. data: 13.01.2011
Local court
09112 Chemnitz
HRB 26331
Shareholder:
SolarWorld Innovations
GmbH
Berthelsdorfer Str. 111a
D 09599 Freiberg
Legal form: Private
limited company
Company Status: insolvent
since: 12.05.2017
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 15.08.2007
Local court
09112 Chemnitz
HRB 23702
Shareholder:
Deutsche Lithium GmbH
Am St.-Niclas-Schacht 13
D 09599 Freiberg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 50,000.00
Reg. data: 20.03.2007
Local court
09112 Chemnitz
HRB 23391
Shareholder:
SolarWorld Industries
Thüringen GmbH
Robert-Bosch-Str. 1
D 99310 Arnstadt
Legal form: Private
limited company
Company Status: insolvent
since: 12.05.2017
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 22.05.2014
Local court
07745 Jena
HRB 510228
Shareholder:
Go! Sun Verwaltungs GmbH
Karl-Legien-Str. 188
D 53117 Bonn
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 23.04.2003
Local court
53111 Bonn
HRB 12427
FINANCIAL
INFORMATION
Payment experience: negative
information
Negative information: Negative information is known to us.
Balance sheet year: 2016
Insolvency Proceedings
Local court : 53111
Bonn
Insolvency administrator : Horst
Piepenburg
Heinrich-Heine-Allee 20
D 40213 Düsseldorf
Tel. 0211/49224-10
File No : 99 IN 79/17
Application of : 12.05.2017
Restraint on alienation
- passed on : 12.05.2017
Order of institution of : 01.08.2017
Claims to be filed by : 28.09.2017
Creditors' meeting
- Date for pres. of
report on : 11.10.2017
- Date of hearing on : 23.11.2017
REAL
ESTATE
Type of ownership: Tenant
Address Karl-Legien-Str.
188
D 53117 Bonn
Land register documents were not available.
BANKERS
DEUTSCHE BANK, 53004 BONN
Sort. code: 38070059, Account no.: 23112600
BIC: DEUTDEDK380, IBAN: DE46380700590023112600
FINANCIAL
FIGURES
Turnover: 2016 EUR 507,055,873.00
Profit: 2016 EUR -28,210,378.00
No full-time employees are employed.
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: -0.22
Liquidity ratio: 0.40
Return on total capital
[%]: -4.82
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio [%]: 4.63
Liquidity ratio: 0.42
Return on total capital
[%]: -2.54
Balance sheet ratios 01.01.2014
- 31.12.2014
Equity ratio [%]: 7.58
Liquidity ratio: 0.49
Return on total capital
[%]: -31.87
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: -79.46
Liquidity ratio: 0.22
Return on total capital
[%]: -7.97
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
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2016 - 31.12.2016
ASSETS EUR 589,202,615.42
Fixed assets EUR 290,718,357.93
Intangible assets EUR 18,738,836.68
Concessions, licences, rights EUR 17,129,975.90
Advance payments for intang. assets EUR
1,608,860.78
Tangible assets EUR 2,657,672.53
Land / similar rights EUR 4,539.71
Plant / machinery EUR 796,589.14
Other tangible assets / fixtures and
fittings EUR 1,856,543.68
Financial assets EUR 269,321,848.72
Shares in participations /
subsidiaries and the like EUR 146,584,288.11
Shares in related companies EUR 106,262,901.36
Shares in investee companies EUR 40,321,386.75
Loans to participations /
subsidiaries and the like EUR 122,737,560.61
Loans to related companies EUR 122,737,560.61
Current assets EUR 293,968,314.51
Stocks EUR 40,364,637.71
Raw materials, consumables and
supplies EUR 3,891,885.49
Finished goods / work in progress EUR
36,461,709.12
Advance payments made EUR 11,043.10
Accounts receivable EUR 207,504,444.75
Trade debtors EUR 12,520,339.26
Amounts due from related companies EUR
189,619,070.12
Amounts due from investee companies EUR 15,603.79
Other debtors and assets EUR 5,349,431.58
Liquid means EUR 46,099,232.05
Remaining other assets EUR 4,515,942.98
Accruals (assets) EUR 658,579.63
Deferred taxes (assets) EUR 3,857,363.35
LIABILITIES EUR 589,202,615.42
Shareholders' equity EUR 2,587,474.25
Capital EUR 14,896,000.00
Subscribed capital (share capital) EUR
14,896,000.00
Reserves EUR 31,956,814.94
Capital reserves
EUR 157,566.28
Retained earnings / revenue reserves
EUR 31,799,248.66
Balance sheet profit/loss (+/-) EUR -44,265,340.69
Profit / loss brought forward EUR -16,054,962.29
Annual surplus / annual deficit EUR
-28,210,378.40
Provisions EUR 20,803,589.11
Provisions for taxes EUR 2,561,629.46
Other / unspecified provisions EUR 18,241,959.65
Liabilities EUR 561,954,188.71
Financial debts EUR 310,047,666.10
Liabilities due to banks EUR 434,096.49
Loans / obligations / debentures EUR
309,613,569.61
Other liabilities EUR 251,906,522.61
Trade creditors (for IAS incl. bills
of exchange) EUR 3,177,806.85
Liabilities from received advance
payments EUR 5,163,159.86
Liabililties due to related
companiesEUR 172,207,826.15
Liabilities due to investee
companiesEUR 65,785,071.33
Unspecified other liabilities EUR 5,572,658.42
thereof liabilities from tax /
financial authorities EUR 266,723.62
thereof liabilities from social
security EUR 5,778.32
Other liabilities EUR 3,857,363.35
Deferred taxes (not included under
provisions/liabilities) EUR 3,857,363.35
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 507,055,872.96
Inventory change + own costs (+/-) EUR 585,300.96
Inventory change (+/-) EUR 204,661.46
Capitalised own costs EUR 380,639.50
Other operating income EUR
16,956,370.00
Cost of materials EUR 506,905,411.90
Raw materials and supplies, purchased
goods EUR 504,353,380.96
Purchased services EUR 2,552,030.94
Gross result (+/-) EUR 17,692,132.02
Staff expenses EUR 19,627,356.05
Wages and salaries EUR 17,089,413.12
Social security contributions and
expenses for pension plans and
benefits EUR 2,537,942.93
Total depreciation EUR 4,894,821.95
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 4,894,821.95
Other operating expenses EUR 55,225,023.65
Operating result from continuing
operations EUR -62,055,069.63
Result from participating interests
(+/-) EUR 97,335,341.58
Expenses / income from participations
EUR 97,335,341.58
Income from transfer of profits EUR 97,335,341.58
Expenses for the transfer of losses EUR
42,667,055.52
Interest result (+/-) EUR -32,952,322.18
Interest and similar income EUR 579,522.91
thereof from related companies EUR 570,408.37
Interest and similar expenses EUR
33,531,845.09
Other financial result EUR 5,144,359.75
Income from securities and loans from
financial assets EUR 5,144,359.75
thereof related companies EUR 5,144,359.75
Financial result (+/-) EUR 26,860,323.63
Result from ordinary operations (+/-) EUR
-35,194,746.00
Income tax / refund of income tax
(+/-)EUR 6,991,206.46
Other taxes / refund of taxes EUR -6,838.86
Tax (+/-) EUR 6,984,367.60
Annual surplus / annual deficit EUR -28,210,378.40
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 634,609,688.52
Fixed assets EUR 306,023,620.52
Intangible assets EUR 18,263,503.76
Concessions, licences, rights EUR 17,200,297.14
Advance payments for intang. assets EUR
1,063,206.62
Tangible assets EUR 3,020,257.62
Land / similar rights EUR 5,567.57
Plant / machinery EUR 853,277.42
Other tangible assets / fixtures and
fittings EUR 2,161,412.63
Financial assets EUR 284,739,859.14
Shares in participations /
subsidiaries and the like EUR 162,002,298.53
Shares in related companies EUR 121,680,911.78
Shares in investee companies EUR 40,321,386.75
Loans
to participations /
subsidiaries and the like EUR 122,737,560.61
Loans to related companies EUR 122,737,560.61
Current assets EUR 326,213,905.29
Stocks EUR 30,234,808.05
Finished goods / work in progress EUR
28,894,638.29
Advance payments made EUR 1,340,169.76
Accounts receivable EUR 202,269,910.84
Trade debtors EUR 35,362,817.72
Amounts due from related companies EUR
157,714,662.59
Amounts due from investee companies EUR 4,527.00
Other debtors and assets EUR 9,187,903.53
Liquid means EUR 93,709,186.40
Remaining other assets EUR 2,372,162.71
Accruals (assets) EUR 862,507.07
Deferred taxes (assets) EUR 1,509,655.64
LIABILITIES EUR 634,609,688.52
Shareholders' equity EUR 30,797,852.65
Capital EUR 14,896,000.00
Subscribed capital (share capital) EUR 14,896,000.00
Reserves EUR 31,956,814.94
Capital reserves EUR 157,566.28
Retained earnings / revenue reserves
EUR 31,799,248.66
Balance sheet profit/loss (+/-) EUR -16,054,962.29
Annual surplus / annual deficit EUR
-16,054,962.29
Provisions EUR 21,050,672.54
Provisions for taxes EUR 1,950,117.22
Other / unspecified provisions EUR 19,100,555.32
Liabilities EUR 573,668,589.63
Financial debts EUR 329,051,482.48
Liabilities due to banks EUR 1,289,195.68
Loans / obligations / debentures EUR
327,762,286.80
Other liabilities EUR 244,617,107.15
Trade creditors (for IAS incl. bills
of exchange) EUR 6,246,877.55
Liabilities from received advance
payments EUR 800,776.09
Liabililties due to related
companiesEUR 172,651,578.33
Liabilities due to investee
companiesEUR 62,779,451.41
Unspecified other liabilities EUR 2,138,423.77
thereof liabilities from tax /
financial authorities EUR 318,383.75
Other liabilities EUR 9,092,573.70
Deferred taxes (not included under
provisions/liabilities) EUR 9,092,573.70
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 502,954,337.56
Inventory change + own costs (+/-) EUR
2,469,396.12
Inventory change (+/-) EUR 1,780,356.12
Capitalised own costs EUR 689,040.00
Other operating income EUR 35,657,161.22
Cost of materials EUR 474,093,126.65
Raw materials and supplies, purchased
goods EUR 473,096,657.74
Purchased services EUR 996,468.91
Gross result (+/-) EUR 66,987,768.25
Staff expenses EUR 18,889,571.96
Wages and salaries EUR 16,543,090.03
Social security contributions and
expenses for pension plans and
benefits EUR 2,346,481.93
Total depreciation EUR 2,159,428.81
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,159,428.81
Other operating expenses EUR 56,358,110.79
Operating result from continuing
operations EUR -10,419,343.31
Result from participating interests
(+/-) EUR 16,407,050.39
Expenses / income from participations
EUR 16,606,665.39
Income from transfer of profits EUR 3,915,779.87
Income from related companies EUR 12,690,885.52
Expenses for participations EUR 199,615.00
Expenses for other participations EUR 199,615.00
Interest result (+/-) EUR -26,091,242.76
Interest and similar income EUR 1,771,854.58
thereof from related companies EUR 1,755,607.63
Interest and similar expenses EUR 27,863,097.34
thereof paid to related companies EUR 0.00
Other financial result EUR 2,880,214.32
Income from securities and loans from
financial assets EUR 4,849,991.03
thereof related companies EUR 4,849,991.03
Depreciation on financial assets and
marketable securities EUR 1,969,776.71
Financial result (+/-) EUR -6,803,978.05
Result from ordinary operations (+/-) EUR
-17,223,321.36
Income tax / refund of income tax
(+/-)EUR 1,173,638.07
Other taxes / refund of taxes EUR -5,279.00
Tax (+/-) EUR 1,168,359.07
Annual surplus / annual deficit EUR -16,054,962.29
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
Euro |
1 |
INR 79.95 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.