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MIRA INFORM REPORT
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Report No. : |
502209 |
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Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
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Name : |
ZOLLERN GMBH & CO. KG |
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Registered Office : |
Hitzkofer
Str. 1, D 72517 Sigmaringendorf, Post Box: 12 20, D 72481 Sigmaringen |
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Country : |
Germany |
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Financials (as on) : |
31.01.2017 |
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Date of Incorporation : |
1708 |
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Com. Reg. No.: |
HRA 710542 |
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Legal Form : |
Ltd Partnership with Priv. Ltd. Company
as General Partner |
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Line of Business : |
·
Casting of iron ·
Casting of non-ferrous metals |
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No. of Employees : |
3,108 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
|
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 |
Note
The subject of your inquiry is a branch.
We are reporting on the headquarters.
Company
naem & address
ZOLLERN GMBH & CO. KG
Company Status: active
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Post Box:
12 20, D 72481 Sigmaringen
Telephone:07571/700
Telefax:
07571/70602
Homepage: www.zollern.de
E-mail:
info@zollern.de
VAT
no.: DE146841991
Tax
ID number: 85081/00101
CONCLUSION
Business relations are permissible.
LEGAL FORM Ltd Partnership with Priv. Ltd.
Company as General Partner
Date of foundation: 1708
Registered on: 20.06.1989
Register of
companies: Local court 89073 Ulm
under: HRA 710542
Total cap. contribution: EUR 18,406,507.72
Limited partner:
Karl Friedrich S.H. Fürst
von Hohenzollern
Karl-Anton-Platz 2
D 72488 Sigmaringen
born: 20.04.1952
Share: EUR 9,203,253.86
Limited partner:
Ludwig Kurt Merckle
D 89081 Ulm
born: 08.06.1965
Share: EUR 9,203,253.86
General partner:
Fürstlich
Hohenzollernsche Beteiligungs-GmbH
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered on: 14.07.1971
Reg. data: 89073 Ulm, HRB
710047
Shareholder:
Zollern GmbH & Co. KG
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Post Box:
12 20, D 72481
Sigmaringen
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 18,406,507.72
contribution:
Share: EUR 25,564.59
Registered on: 20.06.1989
Reg. data: 89073 Ulm, HRA
710542
Manager:
Dr.-Ing. Klaus Friedrich
Erkes
D 52159 Roetgen
having sole power of
representation
born: 09.06.1958
Marital status: unknown
Proxy:
Hans-Peter Wolf
D 72511 Bingen
born: 29.11.1962
Proxy:
Dr. Christian Jaufmann
D 72488 Sigmaringen
authorized to jointly represent the company
born: 10.02.1965
Proxy:
Dr. Peter Busse
D 88662 Überlingen
authorized to jointly
represent the company
born: 19.06.1960
Proxy:
Roland Straub
D 72514 Inzigkofen
authorized to jointly
represent the company
born: 21.11.1958
Proxy:
Ascan René Wacker
D 89518 Heidenheim
authorized to jointly
represent the company
born: 17.11.1967
Proxy:
Raik Flämig
D 09212
Limbach-Oberfrohna
authorized to jointly represent the
company
born: 13.05.1971
Proxy:
Manfred Müller
D 88512 Mengen
authorized to jointly
represent the company
born: 30.12.1966
Proxy:
Bernd Pröbstle
D 88515 Langenenslingen
authorized to jointly
represent the company
born: 04.02.1973
Proxy:
Hans-Peter Wolf
D 72511 Bingen
born: 29.11.1962
Proxy:
Dr. Christian Jaufmann
D 72488 Sigmaringen
authorized to jointly
represent the company
born: 10.02.1965
Proxy:
Dr. Peter Busse
D 88662 Überlingen
authorized to jointly
represent the company
born: 19.06.1960
Proxy:
Roland Straub
D 72514 Inzigkofen
authorized to jointly
represent the company
born: 21.11.1958
Proxy:
Ascan René Wacker
D 89518 Heidenheim
authorized to
jointly represent the company
born: 17.11.1967
Proxy:
Raik Flämig
D 09212
Limbach-Oberfrohna
authorized to jointly
represent the company
born: 13.05.1971
Proxy:
Manfred Müller
D 88512 Mengen
authorized to jointly
represent the company
born: 30.12.1966
Proxy:
Bernd Pröbstle
D 88515 Langenenslingen
authorized to jointly
represent the company
born: 04.02.1973
COMPANY
HISTORY
company name and legal form
02.09.2002 - 09.06.2004 Fürstlich Hohenzollernsche Werke
Laucherthal GmbH
& Co. KG
Hitzkofer Str. 1
D 72517
Sigmaringendorf
Ltd partnership with
priv. ltd. company
as general partner
20.06.1989 - 02.09.2002 Fürstlich Hohenzollernsche Werke
Laucherthal GmbH
& Co.
Hitzkofer Str.
D 72517
Sigmaringendorf
Ltd partnership with priv. ltd. company
as general partner
BUSINESS
ACTIVITIES
Main industrial sector
2451
Casting of iron
24540
Casting of non-ferrous metals
BRANCHES
AND FACTORIES
Works:
Zollern GmbH & Co. KG
Heustr. 1
D 88518 Herbertingen
TEL.: 07586/9590
FAX.: 07586/959575
PARTICIPATIONS
Limited partner:
Zollern BHW Gleitlager GmbH
& Co. KG
Alte Leipziger Str.
117-118
D 38124 Braunschweig
Post Box:
32 13
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 3,037,073.77
contribution:
Share: EUR 3,037,073.77
Reg. data: 01.10.1997
Local court
38100 Braunschweig
HRA 10066
Limited partner:
Zollern
Aluminium-Feinguss Soest GmbH & Co.
KG
Overweg 15
D 59494 Soest
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Reg. data: 26.07.2006
Local court
59821 Arnsberg
HRA 6199
Limited partner:
Dorstener Antriebstechnik
GmbH & Co. KG
Hüttenstr. 1
D 46284 Dorsten
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Reg. data: 24.04.2002
Local court
45879 Gelsenkirchen
HRA 3022
Limited partner:
Zollern
Maschinenbauelemente GmbH & Co. KG
Sandweg 60
D 88326 Aulendorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Reg. data: 28.03.2007
Local court
89073 Ulm
HRA 720436
Limited partner:
Zollern Rückle GmbH &
Co.KG
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Reg. data: 02.02.2015
Local court
89073 Ulm
HRA 724345
Limited partner:
Zollern Soest Grundstücks
GmbH &
Co.Verwaltungs KG
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Post Box:
12 20
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 25,000.00
contribution:
Share: EUR 25,000.00
Reg. data: 09.10.1968
Local court
89073 Ulm
HRA 710186
Limited partner:
Zollern Grundstück
Braunschweig GmbH & Co.
KG
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500.00
contribution:
Share: EUR 500.00
Reg. data: 19.02.2018
Local court 89073 Ulm
HRA 725826
Shareholder:
Flugplatz
Mengen-Hohentengen GmbH
Hohenzollernstr. 6
D 72488 Sigmaringen
Legal form: Private limited company
Company Status: active
Share capital: EUR 918,320.00
Share: EUR 343,440.00
Reg. data: 23.06.1978
Local court
89073 Ulm
HRB 710194
Shareholder:
Zollern Flugdienste GmbH
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Post Box:
12 20
Legal form: Private
limited company
Company Status: active
Share capital: EUR 92,032.54
Share: EUR 92,032.54
Reg. data: 04.01.1978
Local court
89073 Ulm
HRB 710180
Shareholder:
Friedrich Blickle &
Co. GmbH
Flandernstr. 86
D 72474 Winterlingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 35,000.00
Share: EUR 35,000.00
Reg. data: 21.06.1979
Local court
70190 Stuttgart
HRB 400351
Shareholder:
Zollern Soest Grundstücks
GmbH
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR
25,564.59
Share: EUR 25,564.59
Reg. data: 14.07.1966
Local court
89073 Ulm
HRB 710024
Shareholder:
Fürstlich
Hohenzollernsche Beteiligungs-GmbH
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 14.07.1971
Local court
89073 Ulm
HRB 710047
Shareholder:
Zollern BHW
Grundstücksgesellschaft mbH
Heustr. 1
D 88518 Herbertingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 28.11.1996
Local court
89073 Ulm
HRB
560563
Shareholder:
Zollern Antriebstechnik
Beteiligungs GmbH
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 06.07.2009
Local court 89073 Ulm
HRB 723804
Shareholder:
Zollern
Aluminium-Feinguss Soest
Verwaltungs-GmbH
Overweg 15
D 59494 Soest
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 13.07.2006
Local court
59821 Arnsberg
HRB 7577
Shareholder:
Dorstener Antriebstechnik
GmbH
Hüttenstr. 1
D 46284 Dorsten
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 25.04.2002
Local court
45879 Gelsenkirchen
HRB 6389
Shareholder:
Zollern
Maschinenbauelemente Verwaltungs
GmbH
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 21.03.2007
Local court
89073 Ulm
HRB 720812
Shareholder:
Zollern Rückle
Verwaltungs GmbH
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 02.02.2015
Local court
89073 Ulm
HRB 731705
Shareholder:
Zollern Beteiligungs GmbH
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 11.04.2014
Local court
89073 Ulm
HRB 730611
Shareholder:
Zollern Grundstück
Braunschweig
Geschäftsführungs-GmbH
Hitzkofer Str. 1
D 72517 Sigmaringendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 05.02.2018
Local court 89073 Ulm
HRB 736290
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative
information at hand.
Balance sheet year: 2016/2017
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Hitzkofer Str. 1
D 72517 Sigmaringendorf
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, 72426 ALBSTADT
Sort. code: 65340004
BIC:
COBADEFFXXX
Further banks
SÜDWESTBANK, 72486 SIGMARINGEN
Sort. code: 60090700
BIC: SWBSDESSXXX
DEUTSCHE BANK, 88183 RAVENSBURG
Sort. code: 65070084
BIC: DEUTDESS650
UNICREDIT BANK - HYPOVEREINSBANK, 78402
KONSTANZ
Sort. code: 69020190
BIC:
HYVEDEMM591
HOHENZ LANDESBANK KREISSPARKASSE SIGMARINGEN,
72484 SIGMARINGEN
Sort. code: 65351050, Account no.: 801144
BIC: SOLADES1SIG, IBAN: DE29653510500000801144
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101
BIC: SOLADEST600
FINANCIAL
FIGURES
Turnover: 2015/2016 EUR 505,543,972.00
2016/2017 EUR 488,676,580.00
Profit: 2015/2016 EUR 17,291,451.00
2016/2017 EUR 15,743,187.00
further business figures:
Equipment: EUR 13,304,750.00
Ac/ts receivable: EUR 76,494,032.00
Liabilities: EUR 61,032,543.00
Employees:
3,108
-
thereof permanent staff: 3,108
BALANCE
SHEETS
Balance sheet ratios 01.02.2016 - 31.01.2017
Equity ratio [%]: 46.20
Liquidity ratio: 2.09
Return on total capital [%]: 4.43
Balance sheet ratios 01.02.2015 - 31.01.2016
Equity ratio [%]: 47.76
Liquidity ratio: 1.66
Return on total capital [%]: 5.10
Balance sheet ratios 01.02.2014 - 31.01.2015
Equity ratio [%]: 47.14
Liquidity ratio: 1.54
Return on total capital [%]: 10.16
Balance sheet ratios 01.02.2013 - 31.01.2014
Equity ratio [%]: 44.26
Liquidity ratio: 1.36
Return on total capital [%]: 8.94
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: 01.02.2016 - 31.01.2017
ASSETS EUR
355,268,022.97
Fixed assets
EUR 104,454,590.39
Intangible assets
EUR 1,252,656.46
Concessions, licences, rights
EUR 1,252,656.46
Tangible assets EUR 102,847,674.62
Land / similar rights
EUR 45,783,581.98
Plant / machinery
EUR 33,866,218.05
Other tangible assets / fixtures and
fittings
EUR 13,304,750.16
Advance payments made / construction
in progress
EUR 9,893,124.43
Financial assets
EUR 354,259.31
Shares in participations /
subsidiaries and the like
EUR 327,840.00
Shares in investee companies
EUR 327,840.00
Other loans
EUR 26,419.31
Current assets
EUR 249,685,391.75
Stocks EUR 149,083,841.68
Raw materials, consumables and
supplies
EUR 61,659,293.34
Finished goods / work in progress
EUR 87,360,676.18
Advance payments made EUR 63,872.16
Accounts receivable
EUR 76,494,031.50
Trade debtors
EUR 72,708,140.94
Other debtors and assets
EUR 3,785,890.56
Liquid means EUR 24,107,518.57
Remaining other assets
EUR 1,128,040.83
Accruals (assets)
EUR 858,807.60
Deferred taxes (assets)
EUR 269,233.23
LIABILITIES EUR 355,268,022.97
Shareholders' equity
EUR 163,861,757.98
Capital
EUR 18,389,941.12
Limited partner's capital / capital
of partially liable partner (LP)
EUR 18,406,507.72
Limited partner's capital, fixed
capital, capital account I
EUR 18,406,507.72
Other capital
EUR -16,566.60
Reserves
EUR 145,471,816.86
Retained earnings / revenue reserves EUR 145,471,816.86
Provisions
EUR 130,061,499.07
Pension provisions and comparable
provisions
EUR 87,170,431.63
Provisions for taxes
EUR 429,444.69
Other / unspecified provisions
EUR 42,461,622.75
Liabilities
EUR 61,032,543.04
Financial debts
EUR 30,158,185.35
Liabilities due to banks
EUR 30,158,185.35
Other liabilities
EUR 30,874,357.69
Trade creditors (for IAS incl. bills
of exchange)
EUR 18,279,592.75
Liabilities from received advance
payments
EUR 7,919,994.72
Liabilities due to shareholders
EUR 407,390.14
Unspecified other liabilities
EUR 4,267,380.08
thereof liabilities from tax /
financial authorities
EUR 2,176,242.52
thereof liabilities from social
security
EUR 340,073.80
Other liabilities
EUR 312,222.88
Deferrals (liabilities)
EUR 312,222.88
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 488,676,579.84
Inventory change + own costs (+/-)
EUR -1,613,228.63
Inventory change (+/-)
EUR -1,613,228.63
Other operating income
EUR 11,519,113.97
Cost of materials
EUR 223,845,258.31
Raw materials and supplies, purchased
goods
EUR 187,465,007.37
Purchased services
EUR 36,380,250.94
Gross result (+/-)
EUR 274,737,206.87
Staff expenses EUR
178,205,613.00
Wages and salaries
EUR 144,994,411.03
Social security contributions and
expenses for pension plans and
benefits
EUR 33,211,201.97
Total depreciation
EUR 16,799,096.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 16,799,096.74
Other operating expenses
EUR 54,034,487.46
Operating result from continuing
operations
EUR 25,698,009.67
Expenses for the transfer of losses
EUR 51,077.15
Interest result (+/-)
EUR -4,666,225.97
Interest and similar income
EUR 357,037.44
Interest and similar expenses
EUR 5,023,263.41
Financial result (+/-)
EUR -4,717,303.12
Result from ordinary operations (+/-)
EUR 20,980,706.55
Income
tax / refund of income tax (+/-)EUR
-4,475,476.54
Other taxes / refund of taxes
EUR -762,043.15
Tax
(+/-)
EUR -5,237,519.69
Annual surplus / annual deficit
EUR 15,743,186.86
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.02.2015 - 31.01.2016
ASSETS EUR 339,446,697.82
Fixed
assets EUR 99,732,303.34
Intangible assets
EUR 1,644,260.17
Concessions, licences, rights
EUR 1,644,260.17
Tangible assets
EUR 97,738,511.09
Land / similar rights
EUR 39,524,787.19
Plant / machinery
EUR 35,769,631.28
Other tangible assets / fixtures and
fittings
EUR 14,056,530.00
Advance
payments made / construction
in progress
EUR 8,387,562.62
Financial assets
EUR 349,532.08
Shares in participations /
subsidiaries and the like
EUR 327,840.00
Shares in investee companies
EUR 327,840.00
Other loans
EUR 21,692.08
Current assets
EUR 238,445,799.15
Stocks
EUR 151,903,012.56
Raw materials, consumables and
supplies
EUR 62,378,065.88
Finished goods / work in progress
EUR 88,973,904.81
Advance payments made
EUR 551,041.87
Accounts receivable
EUR 77,321,720.14
Trade debtors
EUR 71,387,709.04
Other debtors and assets
EUR 5,934,011.10
Liquid means
EUR 9,221,066.45
Remaining other assets
EUR 1,268,595.33
Accruals (assets)
EUR 871,445.21
Deferred taxes (assets)
EUR 397,150.12
LIABILITIES EUR
339,446,697.82
Shareholders' equity
EUR 159,622,971.86
Capital
EUR 18,360,530.14
Limited partner's capital / capital
of partially liable partner (LP)
EUR 18,406,507.72
Limited partner's capital, fixed
capital, capital account I
EUR 18,406,507.72
Other capital
EUR -45,977.58
Reserves
EUR 141,262,441.72
Retained earnings / revenue reserves
EUR 141,262,441.72
Provisions
EUR 121,017,298.32
Pension provisions and comparable
provisions
EUR 81,256,229.13
Provisions for taxes
EUR 593,425.30
Other / unspecified provisions
EUR 39,167,643.89
Liabilities
EUR 58,516,949.31
Financial debts
EUR 27,818,174.33
Liabilities due to banks
EUR 27,818,174.33
Other liabilities
EUR 30,698,774.98
Trade creditors (for IAS incl. bills
of exchange)
EUR 12,327,825.69
Liabilities from received advance
payments
EUR 8,785,061.77
Liabilities due to shareholders
EUR 2,718,588.18
Unspecified other liabilities
EUR 6,867,299.34
thereof liabilities from tax /
financial authorities EUR 4,104,441.56
thereof liabilities from social
security
EUR 319,429.42
Other liabilities
EUR 289,478.33
Deferrals (liabilities)
EUR 289,478.33
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 505,543,972.42
Inventory change + own costs (+/-)
EUR -4,441,062.08
Inventory change (+/-)
EUR -4,441,062.08
Other operating income
EUR 13,766,774.11
Cost of materials
EUR 239,439,234.95
Raw materials and supplies, purchased
goods EUR 204,418,758.49
Purchased services
EUR 35,020,476.46
Gross result (+/-)
EUR 275,430,449.50
Staff expenses
EUR 175,415,533.69
Wages and salaries
EUR 143,406,424.59
Social security contributions and
expenses for pension plans and
benefits
EUR 32,009,109.10
Total depreciation
EUR 18,610,854.18
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 18,610,854.18
Other operating expenses
EUR 54,036,968.88
Operating result from continuing
operations
EUR 27,367,092.75
Result from participating interests
(+/-)
EUR 0.00
Expenses for the transfer of losses
EUR 59,730.14
Interest
result (+/-) EUR -5,337,093.62
Interest and similar income
EUR 246,088.18
Interest and similar expenses
EUR 5,583,181.80
Financial result (+/-)
EUR -5,396,823.76
Result from ordinary operations (+/-)
EUR 21,970,268.99
Income tax / refund of income tax (+/-)EUR -3,987,258.18
Other taxes / refund of taxes
EUR -691,559.91
Tax
(+/-) EUR -4,678,818.09
Annual surplus / annual deficit
EUR 17,291,450.90
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 79.79 |
|
EUR |
1 |
INR 79.68 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.