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MIRA
INFORM REPORT
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Report No. : |
492434 |
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Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
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Name : |
WOCO INDUSTRIETECHNIK GMBH |
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Registered Office : |
Hanauer
Landstr. 16 D 63628 Bad Soden-Salmünster |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
15.05.1956 |
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Com. Reg. No.: |
HRB 90758 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employees : |
757 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company
name and address
Woco Industrietechnik GmbH
Hanauer Landstr. 16
D 63628 Bad Soden-Salmünster
Telephone:06056/780
Telefax: 06056/78212
Homepage: www.wocogroup.com
E-mail: info@de.wocogroup.com
Company
Status
Active
VAT no.
DE813312248
Tax ID
number
044 225 44551
CONCLUSION
Business relations are
permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 15.05.1956
Shareholders'
agreement:
23.07.2001
Registered on: 23.11.2001
Commercial Register: Local court 63450 Hanau
under: HRB
90758
Share capital: EUR 50,400.00
Shareholder:
Woco Franz Josef Wolf
Holding GmbH
Hanauer Landstr. 14-16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 600,000.00
Share: EUR 47,200.00
Registered on: 18.05.1976
Reg. data: 63450 Hanau,
HRB 90175
Profit transfer agreement
Shareholder:
Franz Josef und Hildegard
Wolf
Vermögensverwaltungs GmbH
Sprudelallee 19
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 3,200.00
Registered on: 09.11.2001
Reg. data: 63450 Hanau,
HRB 90756
President of the Board of Management:
Dr. Hans Jürgen Kracht
D 33100 Paderborn
born: 06.06.1962
Manager:
Franz-Josef Wolf
Sprudelallee 19
D 63628 Bad
Soden-Salmünster
having sole power of representation
born: 02.05.1935
Profession: Businessman
Marital status: unknown
Manager:
Bernhard Nagl
D 63829 Krombach
born: 16.12.1964
Proxy:
Dr. Fritz Buschhaus
D 36396 Steinau
authorized to jointly
represent the company
born: 12.05.1951
Proxy:
Dr. Anton Wolf
D 63571 Gelnhausen
authorized to jointly
represent the company
born: 05.04.1954
Proxy:
Dieter Honta-Jekel
D 83364 Graben
authorized to jointly represent
the company
born: 08.03.1964
Proxy:
Uwe Reichert
D 36381 Schlüchtern
authorized to jointly
represent the company
born: 27.03.1959
Proxy:
Martin Rosemeier
D 32756 Detmold
authorized to jointly
represent the company
born: 15.05.1959
Proxy:
Martin Kremser
Freseniusstr. 7
D 65193 Wiesbaden
authorized to jointly
represent the company
born: 11.09.1966
Profession: Solicitor
Marital status: married
Proxy:
Stefan Karlheinz Engel
D 63619 Bad Orb
authorized to jointly
represent the company
born: 01.07.1967
Proxy:
Johannes Franz Josef Nix
D 63450 Hanau
authorized to jointly
represent the company
born: 01.03.1960
Proxy:
Dr. Jürgen Hagen
D 47798 Krefeld
authorized to jointly represent
the company
born: 23.06.1965
Further functions/participations of Dr. Hans
Jürgen Kracht
(President of the Board of Management)
President of the Board of Management:
Woco IPS GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 130,000.00
Registered
on: 22.01.1985
Reg. data: 63450 Hanau, HRB 90280
President of the Board of Management:
EFFBE GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 1,280,000.00
Registered
on: 28.04.2005
Reg. data: 63450 Hanau, HRB 91425
Shareholder:
Woco Franz Josef Wolf
Holding GmbH
Hanauer Landstr. 14-16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 600,000.00
Share: EUR 6,000.00
Registered
on: 18.05.1976
Reg. data: 63450 Hanau, HRB 90175
Manager:
Woco Kronacher
Kunststoffwerk GmbH
Industriestr. 7
D 96317 Kronach
Legal form: Private
limited company
Share capital: EUR 1,175,000.00
Registered
on: 25.06.1990
Reg. data: 96450 Coburg, HRB 1670
Manager:
Woco Franz Josef Wolf
Holding GmbH
Hanauer Landstr. 14-16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 600,000.00
Registered
on: 18.05.1976
Reg. data: 63450 Hanau, HRB 90175
Proxy:
weAct UG
(haftungsbeschränkt)
Römerstr. 51
D 33106 Paderborn
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 100.00
Registered
on: 24.09.2014
Reg. data: 33098 Paderborn, HRB 11647
Further functions/participations of
Franz-Josef Wolf (Manager)
Limited partner:
WOCO GmbH & Co. KG
Sprudelallee 19
D 63628 Bad
Soden-Salmünster
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,049,600.00
contribution:
Share: EUR 100.00
Registered
on: 03.12.1998
Reg. data: 63450 Hanau, HRA 91437
Shareholder:
Franz Josef Wolf GmbH
Hanauer Landstr. 16
D 63628 Bad Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Registered
on: 19.01.1998
Reg. data: 63450 Hanau, HRB 90616
Manager:
TERNI
Grundstücksvermietungsgesellschaft mbH
Sprudelallee 19
D 63628 Bad Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 28.03.2012
Reg. data: 63450 Hanau, HRB 93985
Manager:
Franz Josef Wolf GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 19.01.1998
Reg. data: 63450 Hanau, HRB 90616
Manager:
WOCO
Grundstücksverwaltungsgesellschaft mbH
Sprudelallee 19
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered
on:
06.06.2002
Reg. data: 63450 Hanau, HRB 90772
Manager:
Franz Josef und Hildegard
Wolf
Vermögensverwaltungs GmbH
Sprudelallee 19
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 09.11.2001
Reg. data: 63450 Hanau, HRB 90756
Manager:
F.-J. Wolf
Grundstücksbeteiligungen GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 30.07.1998
Reg. data: 63450 Hanau, HRB 90642
Manager:
Woco Eisenacher Kunststofftechnik
GmbH
Eichrodter Weg 133
D 99817 Eisenach
Legal form: Private
limited company
Share capital: EUR 75,100.00
Registered
on: 30.01.2003
Reg. data: 07745 Jena, HRB 405703
Manager:
Deutsche Gumtec GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 18.01.2018
Reg. data: 63450 Hanau, HRB 96345
Manager:
Woco IPS GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 130,000.00
Registered
on: 22.01.1985
Reg. data: 63450 Hanau, HRB 90280
Manager:
EFFBE GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 1,280,000.00
Registered
on: 28.04.2005
Reg. data: 63450 Hanau, HRB 91425
Further functions/participations of Bernhard
Nagl (Manager)
Shareholder:
Woco Franz Josef Wolf
Holding GmbH
Hanauer Landstr. 14-16
D 63628 Bad
Soden-Salmünster
Legal form: Private limited
company
Share capital: EUR 600,000.00
Share: EUR 6,000.00
Registered
on: 18.05.1976
Reg. data: 63450 Hanau, HRB 90175
Manager:
Woco IPS GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 130,000.00
Registered
on: 22.01.1985
Reg. data: 63450 Hanau, HRB 90280
Manager:
Woco Franz Josef Wolf
Holding GmbH
Hanauer Landstr. 14-16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 600,000.00
Registered
on: 18.05.1976
Reg. data: 63450 Hanau, HRB 90175
Manager:
Woco Kronacher
Kunststoffwerk GmbH
Industriestr. 7
D 96317 Kronach
Legal form: Private
limited company
Share capital: EUR 1,175,000.00
Registered
on: 25.06.1990
Reg. data: 96450 Coburg, HRB 1670
Manager:
EFFBE GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR
1,280,000.00
Registered
on: 28.04.2005
Reg. data: 63450 Hanau, HRB 91425
Manager:
WOCO
Grundstücksverwaltungsgesellschaft mbH
Sprudelallee 19
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered
on: 06.06.2002
Reg. data: 63450 Hanau, HRB 90772
Manager:
F.-J. Wolf
Grundstücksbeteiligungen GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 30.07.1998
Reg. data: 63450 Hanau, HRB 90642
Manager:
Woco Eisenacher Kunststofftechnik
GmbH
Eichrodter Weg 133
D 99817 Eisenach
Legal form: Private
limited company
Share capital: EUR 75,100.00
Registered
on: 30.01.2003
Reg. data: 07745 Jena, HRB 405703
COMPANY
HISTORY
company name and legal form
23.11.2001 - 16.10.2003 WOCO Franz Josef Wolf & Co. GmbH
Sprudelallee 19
D 63628 Bad
Soden-Salmünster
Private limited
company
1998 - 22.11.2001 WOCO Franz-Josef Wolf & Co. (HRA
1128 AG
Schlüchtern)
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
General Partnership
1956 - 1997 WOCO Franz Josef Wolf & Co.
Sprudelallee 19
D 63628 Bad
Soden-Salmünster
General Partnership
BUSINESS
ACTIVITIES
Main industrial sector
22190 Manufacture of other rubber products
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
4676 Wholesale of other intermediate goods
BRANCHES
AND FACTORIES
Works:
Woco Industrietechnik
GmbH
Im Poppen 1
D 36396 Steinau
Works:
Woco Industrietechnik
GmbH
Max-Schwarz-Str. 23
D 56112 Lahnstein
PARTICIPATIONS
Limited partner:
F.-J. Wolf
Grundstücksbeteiligungen GmbH &
Co. Besitz KG
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 40,000.00
contribution:
Share: EUR 40,000.00
Reg. data: 04.08.2000
Local court
63450 Hanau
HRA 91472
Limited partner:
TERNI
Grundstücks-Vermietungsgesellschaft
mbH & Co. Objekt Bad
Soden-Salmünster KG
Sprudelallee 19
D 63628 Bad Soden-Salmünster
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 19,600.00
contribution:
Share: EUR 19,600.00
Reg. data: 30.08.2012
Local court
63450 Hanau
HRA 93063
Shareholder:
Woco IPS GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Company Status: active
Share capital: EUR 130,000.00
Share: EUR 130,000.00
Reg. data: 22.01.1985
Local court
63450 Hanau
HRB 90280
Shareholder:
F.-J. Wolf
Grundstücksbeteiligungen GmbH
Hanauer Landstr. 16
D 63628 Bad
Soden-Salmünster
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 30.07.1998
Local court
63450 Hanau
HRB 90642
Shareholder:
WOCO
Grundstücksverwaltungsgesellschaft mbH
Sprudelallee 19
D 63628 Bad
Soden-Salmünster
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,600.00
Share: EUR 25,600.00
Reg. data: 06.06.2002
Local court 63450 Hanau
HRB 90772
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Hanauer
Landstr. 16
D 63628 Bad Soden-Salmünster
Type of ownership: proprietor
Address Hanauer
Landstr. 16a
D 63628 Bad Soden-Salmünster
Land register documents were not available.
BANKERS
Principal banks
COMMERZBANK VORMALS DRESDNER BANK, 36002 FULDA
Sort. code: 53080030, Account no.: 790547600
BIC: DRESDEFF530, IBAN: DE54530800300790547600
KREISSPARKASSE SCHLÜCHTERN, 36372 SCHLÜCHTERN
Sort. code: 53051396
BIC: HELADEF1SLU
FINANCIAL
FIGURES
Turnover: 2016 EUR 245,410,635.00
2017 *EUR 246,000,000.00
Profit: 2016 EUR 4,205,711.00
further business figures:
Equipment: EUR 5,715,110.00
Ac/ts receivable: EUR 46,560,454.00
Liabilities: EUR 118,948,717.00
Real estate of the
firm: EUR 4,111,172.00
Employees:
757
- thereof permanent
staff:
689
- Trainees:
68
Profit transfer agreement to:
Woco Franz Josef Wolf
Holding GmbH
Hanauer Landstr. 14-16
D 63628 Bad
Soden-Salmünster
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio [%]: -9.87
Liquidity ratio: 0.20
Return on total capital
[%]: 3.72
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio [%]: 23.57
Liquidity ratio: 0.32
Return on total capital
[%]: 6.40
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio [%]: 31.20
Liquidity ratio: 0.37
Return on total capital
[%]: 5.73
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 34.12
Liquidity ratio: 0.41
Return on total capital
[%]: 4.60
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 136,937,430.42
Fixed assets EUR 47,632,362.41
Intangible assets EUR 2,207,746.57
Concessions, licences, rights EUR 1,039,112.27
Advance payments for intang. assets EUR
1,168,634.30
Tangible assets EUR 23,274,498.79
Land / similar rights EUR 4,111,172.00
Plant / machinery EUR 6,052,829.00
Other tangible assets / fixtures and
fittings EUR 5,715,110.03
Advance payments made / construction
in progress EUR 7,395,387.76
Financial assets EUR 22,150,117.05
Shares in participations /
subsidiaries and the like EUR 18,016,680.61
Shares in related companies EUR 18,016,680.61
Loans to participations /
subsidiaries and the like EUR 4,133,436.44
Loans to related companies EUR 4,133,436.44
Current assets EUR 88,503,108.22
Stocks EUR 39,282,132.24
Raw materials, consumables and
supplies EUR 2,266,833.83
Finished goods / work in progress EUR
38,489,559.47
Minus received advance payments for
orders / installments for stocks EUR
-1,474,261.06
Accounts receivable EUR 46,560,453.83
Amounts due from shareholders EUR 23,800,622.31
Trade debtors EUR 9,780,878.84
Amounts due from related companies EUR
11,389,300.29
Other debtors and assets EUR 1,589,652.39
Liquid means EUR 2,660,522.15
Remaining other assets EUR 801,959.79
Accruals (assets) EUR 801,959.79
LIABILITIES EUR 136,937,430.42
Shareholders' equity EUR 12,635,394.70
Capital EUR 50,400.00
Subscribed capital (share capital) EUR 50,400.00
Reserves EUR 12,584,994.70
Capital reserves EUR 1,367,356.97
Retained earnings / revenue reserves
EUR 11,217,637.73
Provisions EUR 5,353,318.90
Pension provisions and comparable
provisions EUR 229,220.00
Other / unspecified provisions EUR 5,124,098.90
Liabilities EUR 118,948,716.82
Financial debts EUR 70,842,284.17
Liabilities due to banks EUR 70,842,284.17
Other liabilities EUR 48,106,432.65
Trade creditors (for IAS incl. bills
of exchange) EUR 21,814,264.52
Liabililties due to related
companiesEUR 23,988,883.32
Unspecified other liabilities EUR 2,303,284.81
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 245,410,635.12
Inventory change + own costs (+/-) EUR 8,669,435.18
Inventory change (+/-) EUR 7,737,234.91
Capitalised own costs EUR 932,200.27
Other operating income EUR 959,672.22
Cost of materials EUR 184,937,691.32
Raw materials and supplies, purchased
goods EUR 164,243,236.17
Purchased services EUR 20,694,455.15
Gross result (+/-) EUR 70,102,051.20
Staff expenses EUR 40,022,345.89
Wages and salaries EUR 33,866,919.50
Social security contributions and
expenses for pension plans and
benefits EUR 6,155,426.39
Total depreciation EUR 3,791,867.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 3,791,867.93
Other operating expenses EUR
24,686,822.38
Operating result from continuing
operations EUR 1,601,015.00
Result from participating interests
(+/-) EUR 4,407,554.04
Expenses / income from participations
EUR 4,407,554.04
Income from related companies EUR 4,407,554.04
Interest result (+/-) EUR -1,243,473.82
Interest and similar income EUR 255,737.81
thereof from related companies EUR 237,682.30
Interest and similar expenses EUR 1,499,211.63
thereof paid to related companies EUR 342,075.35
Financial result (+/-) EUR 3,164,080.22
Result from ordinary operations (+/-) EUR
4,765,095.22
Expenses for transfer of profits to a
parent company EUR 4,205,710.99
Income tax / refund of income tax
(+/-)EUR -294,212.97
Other taxes / refund of taxes EUR -265,171.26
Tax (+/-) EUR -559,384.23
Annual surplus / annual deficit EUR 0.00
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 94,813,883.10
Fixed assets EUR 42,202,199.67
Intangible assets EUR 1,205,308.87
Concessions, licences, rights EUR 750,995.27
Advance payments for intang. assets EUR
454,313.60
Tangible assets EUR 18,313,707.16
Land / similar rights EUR 3,857,211.00
Plant / machinery EUR 6,515,974.06
Other tangible assets / fixtures and
fittings EUR 5,124,554.54
Advance payments made / construction
in progress EUR 2,815,967.56
Financial assets EUR 22,683,183.64
Shares in participations /
subsidiaries and the like EUR 18,016,680.56
Shares in related companies EUR 18,016,680.56
Loans to participations /
subsidiaries and the like EUR 4,666,503.08
Loans to related companies EUR 4,666,503.08
Current assets EUR 51,889,812.42
Stocks EUR 30,256,672.54
Raw materials, consumables and
supplies EUR 1,991,693.45
Finished goods / work in progress EUR
30,576,325.72
Minus received advance payments for
orders / installments for stocks EUR
-2,311,346.63
Accounts receivable EUR 21,583,215.32
Trade debtors EUR 13,576,109.53
Amounts due from related companies EUR
6,245,190.75
Other debtors and assets EUR 1,761,915.04
Liquid means EUR 49,924.56
Remaining other assets EUR 721,871.01
Accruals (assets) EUR 721,871.01
LIABILITIES EUR 94,813,883.10
Shareholders' equity EUR 12,635,394.70
Capital EUR 50,400.00
Subscribed capital (share capital) EUR 50,400.00
Reserves EUR 12,584,994.70
Capital reserves EUR 1,367,356.97
Retained earnings / revenue reserves
EUR 11,217,637.73
Provisions EUR 4,876,732.15
Pension provisions and comparable
provisions EUR 248,829.00
Other / unspecified provisions EUR 4,627,903.15
Liabilities EUR 77,301,756.25
Financial debts EUR 29,881,579.62
Liabilities due to banks EUR 29,881,579.62
Other liabilities EUR 47,420,176.63
Trade creditors (for IAS incl. bills
of exchange) EUR 19,336,581.74
Liabilities due to shareholders EUR 9,715,214.53
Liabililties due to related
companiesEUR 16,657,718.97
Unspecified other liabilities EUR 1,710,661.39
Guarantees and other commitments EUR 19,024,000.00
Guarantees / warranties EUR 2,009,000.00
Guarantees EUR 2,009,000.00
Other guarantees and other
commitmentsEUR 17,015,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 225,749,376.08
Inventory change + own costs (+/-) EUR 369,836.29
Inventory change (+/-) EUR 52,305.14
Capitalised own costs EUR 317,531.15
Other operating income EUR 25,986,386.99
Cost of materials EUR 185,199,115.10
Raw materials and supplies, purchased
goods EUR 164,502,502.91
Purchased services EUR 20,696,612.19
Gross result (+/-) EUR 66,906,484.26
Staff expenses EUR 36,081,287.36
Wages and salaries EUR 30,554,405.75
Social security contributions and
expenses for pension plans and
benefits EUR 5,526,881.61
Total depreciation EUR 3,337,652.59
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR
3,337,652.59
Other operating expenses EUR 23,275,774.74
Operating result from continuing
operations EUR 4,211,769.57
Result from participating interests
(+/-) EUR 3,780,031.15
Expenses / income from participations
EUR 3,780,031.15
Income from related companies EUR 3,780,031.15
Interest result (+/-) EUR -1,442,088.71
Interest and similar income EUR 111,627.01
thereof from related companies EUR 92,674.42
Interest and similar expenses EUR 1,553,715.72
thereof paid to related companies EUR 598,203.90
Financial result (+/-) EUR 2,337,942.44
Result from ordinary operations (+/-) EUR
6,549,712.01
Expenses for transfer of profits to a
parent company EUR 6,070,693.37
Income tax / refund of income tax
(+/-)EUR -267,747.52
Other taxes / refund of taxes EUR -211,271.12
Tax (+/-) EUR -479,018.64
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
|
Euro |
1 |
INR 79.89 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
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.