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MIRA INFORM REPORT
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Report No. : |
485898 |
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Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
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Name : |
WIELAND-WERKE AKTIENGESELLSCHAFT |
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Registered Office : |
Graf-Arco-Str. 36, D 89079 Ulm, Post Box: 42 40, D 89032 Ulm |
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Country : |
Germany |
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Financials (as on) : |
30.09.2016 |
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Date of Incorporation : |
1820 |
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Com. Reg. No.: |
HRB 1256 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of Metal Forming Machinery |
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No. of Employees : |
4,252 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 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 2016 Germany reached a budget surplus of 0.6%. 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 2017.
|
Source
: CIA |
Company
name & address
WIELAND-WERKE AKTIENGESELLSCHAFT
Company Status: active
Graf-Arco-Str. 36
D 89079 Ulm
Post Box:
42 40, D 89032 Ulm
Telephone:0731/9440
Telefax: 0731/9442772
Homepage: www.wieland.de
E-mail: info@wieland.de
VAT no.: DE811147730
LEGAL FORM Public
Limited Company
Date of foundation: 1820
Registered on: 20.10.1910
Commercial Register: Local court 89073 Ulm
under: HRB 1256
Share capital:
EUR 62,000,000.00
Shareholder:
SCHWENK Donau
GmbH & Co.KG
Hindenburgring 15
D 89077 Ulm
Legal form:
Ltd partnership with priv. ltd.
company as
general partner
Total
cap. EUR 5,112,918.81
contribution:
Registered
on: 11.11.2005
Reg. data:
89073 Ulm, HRA 3421
President of the Board of Directors:
Harald
Kroener
Maienweg 176
D 89081 Ulm
born:
24.02.1952
Profession:
Industrial manager
Marital
status: unknown
Member of the Board of Directors:
Dr. Jörg
Dietrich Nübling
Säntisstr. 18
D 89075 Ulm
born:
24.07.1956
Member of the Board of Directors:
Werner
Theodor Traa
D 89134
Blaustein
born:
30.01.1959
Member of the Board of Directors:
Ulrich
Altstetter
D 89269
Vöhringen
born:
09.07.1958
President of the Supervisory Board:
Fritz-Jürgen
Heckmann
Treiberstr.
17
D 70619
Stuttgart
born:
21.12.1956
Profession:
Solicitor
Marital
status: unknown
Vice-president of the Supervisory Board:
Ludwig
Daikeler
D 89269 Vöhringen
Member of the Supervisory Board:
Eduard
Schleicher
Bleichstr. 50
D 89077 Ulm
born:
23.06.1955
Profession:
Fully qualified merchant
Marital
status: married
Member of the Supervisory Board:
Mathias
Ritzmann
Hartlaubstr.
2
D 97422
Schweinfurt
born:
29.03.1958
Profession: Businessman
Member of the Supervisory Board:
Gerhard Hirth
Juraweg 5
D 89275
Elchingen
born:
19.01.1950
Profession:
Fully qualified economic
engineer
Member of the Supervisory Board:
Prof. Dr.
Heinz Konrad Junker
Seewiesenweg
19
D 73669
Lichtenwald
Profession:
Engineer
Marital status: unknown
Member of the Supervisory Board:
Hartmut
Müller
Rodinghweg 13
D 64287
Darmstadt
born:
13.03.1963
Representative of the Employees within the Supervisory Board:
Theodor Knoll
D 89155
Erbach
Representative of the Employees within the Supervisory Board:
Bruno
Molinari
D 89073 Ulm
Representative of the Employees within the Supervisory Board:
Werner Göppel
D 89269
Vöhringen
Representative of the Employees within the Supervisory Board:
Volker Barth
D 89073 Ulm
Marital
status: unknown
Representative of the Employees within the Supervisory Board:
Martin Bucher
D 89269
Vöhringen
Marital
status: unknown
Proxy:
Johannes
Cüppers
Tiefenbacher Weg
D 89257
Illertissen
authorized to
jointly represent the company
born:
19.05.1954
Proxy:
Horst Arthur
Hefele
D 90530 Wendelstein
authorized to
jointly represent the company
born:
20.12.1955
Proxy:
Olaf Görtges
D 42555
Hattingen
born:
11.06.1967
Profession:
Businessman
Proxy:
Dr. Matthias
Pauly
D 89231
Neu-Ulm
authorized to
jointly represent the company
born:
11.02.1962
Marital
status: married
Proxy:
Dirk Nold
D 51465
Bergisch Gladbach
authorized to
jointly represent the company
born:
09.08.1966
Proxy:
Roland Müller
D 89073 Ulm
authorized to
jointly represent the company
born:
18.07.1962
Proxy:
Pedro Mayser
OT
Obereschach
D 78048
Villingen-Schwenningen
born: 17.04.1955
Proxy:
Martin F.
Dollmann
D 89155
Erbach
authorized to
jointly represent the company
born:
08.04.1968
Proxy:
Manfred Roth
D 78048 Villingen-Schwenningen
authorized to
jointly represent the company
born:
05.11.1958
Proxy:
Georg Kästle
Aufhofer Str.
3 OT Altheim
D 88433 Schemmerhofen
authorized to
jointly represent the company
born:
19.02.1960
Proxy:
Michael Renz
D 89134
Blaustein
authorized to
jointly represent the company
born:
27.05.1968
Proxy:
Josef Staiger
D 89278
Nersingen
authorized to
jointly represent the company
born:
02.02.1970
Proxy:
Johann Scholler
D 89269
Vöhringen
authorized to
jointly represent the company
born:
22.03.1955
Proxy:
Eckhart
Zimmermann
D 89312
Günzburg
authorized to jointly
represent the company
born:
02.10.1966
Proxy:
Alexander
Blässing
D 89250
Senden
authorized to
jointly represent the company
born: 22.09.1969
Proxy:
Martin
Zielbauer
D 89257
Illertissen
authorized to
jointly represent the company
born:
21.07.1971
Proxy:
Christine Flasch
D 73430 Aalen
authorized to
jointly represent the company
born:
27.11.1966
Proxy:
Volker
Voggeser
D 89250
Senden
authorized to
jointly represent the company
born:
19.01.1970
Proxy:
Dr. Uwe
Hofmann
D 89231
Neu-Ulm
born:
22.06.1966
Proxy:
Rupert
Heinkele
D 89186
Illerrieden
authorized to
jointly represent the company
born:
26.09.1961
Proxy:
Timo
Allmendinger
D 89134
Blaustein
authorized to
jointly represent the company
born:
19.03.1978
Proxy:
Claus Beck
D 73728
Esslingen
authorized to
jointly represent the company
born:
26.09.1961
Proxy:
Harald Reck
D 78048
Villingen-Schwenningen
authorized to
jointly represent the company
born:
26.07.1966
Proxy:
Johannes
Häußler
D 89079 Ulm
authorized to jointly
represent the company
born:
25.06.1972
Proxy:
Costante
Anastasia
D 89079 Ulm
authorized to
jointly represent the company
born: 25.03.1954
Proxy:
Manfred
Stadler
D 89291
Holzheim
authorized to
jointly represent the company
born:
11.05.1964
Proxy:
Dr. Dirk
Herrmann
D 45525
Hattingen
authorized to
jointly represent the company
born:
23.04.1979
Proxy:
Dr. Jürgen
Simanowski
D 78048
Villingen-Schwenningen
authorized to jointly represent the
company
born:
25.03.1969
Proxy:
Michael
Demmer
D 68169
Mannheim
authorized to
jointly represent the company
born: 04.07.1977
Proxy:
Günter Schmid
D 89281
Altenstadt
authorized to
jointly represent the company
born:
12.12.1964
Proxy:
Anton Zierhut
A
Mining
authorized to
jointly represent the company
born:
11.12.1969
Nationality:
Austrian
Proxy:
Urs Laubender
D 88471
Laupheim
authorized to jointly represent
the company
born:
18.10.1971
Proxy:
Rudolf
Liebsch
D 89291
Holzheim
authorized to
jointly represent the company
born: 18.04.1966
Proxy:
Stefan Kenner
D 89079 Ulm
authorized to
jointly represent the company
born:
21.02.1971
Proxy:
Dr. Stefan
Priggemeyer
D 89171 Illerkirchberg
authorized to
jointly represent the company
born:
30.09.1963
Proxy:
Steffen
Rieger
D 88471
Laupheim
authorized to
jointly represent the company
born:
11.09.1975
Proxy:
Martin Rösch
D 89079 Ulm
authorized to
jointly represent the company
born:
08.05.1963
Proxy:
Rolf Werner
D 89278
Nersingen
authorized to
jointly represent the company
born:
16.06.1976
Further functions/participations of Harald Kroener (President of
the Board of Directors)
President:
Wirtschaftsvereinigung Metalle e.V.
Wallstr.
58/59
D 10179
Berlin
Legal form:
Registered association
Registered
on: 05.06.2009
Reg.
data: 14057 Berlin, VR 28700 B
Further functions/participations of Dr. Jörg Dietrich Nübling
(Member of the Board of Directors)
Manager:
Spezialmetall-Gesellschaft mit beschränkter
Haftung
Graf-Arco-Str. 36
D 89079 Ulm
Legal form:
Private limited company
Share
capital: EUR 25,600.00
Registered
on: 15.02.1963
Reg.
data: 89073 Ulm, HRB 145
Manager:
Cuprostar
GmbH
Graf-Arco-Str. 36
D 89079 Ulm
Legal form:
Private limited company
Share
capital: EUR 204,550.00
Registered
on: 21.11.1986
Reg.
data: 89073 Ulm, HRB 1796
Manager:
Rössler
Beteiligungsgesellschaft mbH
Josefsthaler
Str. 4
D 87600
Kaufbeuren
Legal form:
Private limited company
Share
capital: EUR 26,000.00
Registered
on: 11.03.1977
Reg.
data: 87435 Kempten, HRB 341
Further functions/participations of Werner Theodor Traa (Member
of the Board of Directors)
Member of the Board of Directors:
DEUTSCHES KUPFER-INSTITUT E.V.
Am Bonneshof
5
D 40474
Düsseldorf
Legal form:
Registered association
Registered
on: 27.12.1993
Reg. data: 40227 Düsseldorf, VR 7750
BUSINESS
ACTIVITIES
Main industrial sector
28410 Manufacture of metal
forming machinery
BRANCHES
AND FACTORIES
Works:
Wieland-Werke
Aktiengesellschaft
Ziegeleiweg
20
D 42555
Velbert
TEL.:
02052/606-0
Branch:
Wieland-Werke
Aktiengesellschaft
Wielandstr.
26
D 89269
Vöhringen
TEL.: 0731/9440
FAX.:
0731/9442772
Branch:
Wieland-Werke
Aktiengesellschaft
Lantwattenstr. 11
D 78050
Villingen-Schwenningen
TEL.:
07721/201-0
FAX.: 07721/201-108
PARTICIPATIONS
Limited partner:
Schwermetall
Halbzeugwerk Gesellschaft mit
beschränkter
Haftung und Co.
Kommanditgesellschaft
Breiniger
Berg 165
D 52223
Stolberg
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 12,500,000.00
contribution:
Share: EUR 6,250,000.00
Reg.
data: 30.07.1971
Local court 52070 Aachen
HRA
5700
Shareholder:
Schwarzwälder
Metallhandel Gesellschaft mit
beschränkter
Haftung
Industriestr.
18
D 78647
Trossingen
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 4,602,000.00
Share: EUR 4,602,000.00
Reg.
data: 10.02.1992
Local court 70190 Stuttgart
HRB 460473
Shareholder:
Metallschmelzwerk Ulm GmbH
Daimlerstr.
20
D 89079 Ulm
Post Box:
23 10
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 07.11.1978
Local court 89073 Ulm
HRB 864
Shareholder:
Duro Metall
GmbH
Albert-Einstein-Str. 1
D 70806
Kornwestheim
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data:
21.04.2005
Local court 70190 Stuttgart
HRB 207126
Shareholder:
Wieland
Anlagentechnik GmbH
Turmstr. 61
D 89231 Neu-Ulm
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data: 21.12.2007
Local court 89073 Ulm
HRB 721761
Shareholder:
Cuprostar
GmbH
Graf-Arco-Str. 36
D 89079 Ulm
Legal form: Private limited
company
Company
Status: active
Share
capital: EUR 204,550.00
Share: EUR 204,550.00
Reg. data: 21.11.1986
Local court 89073 Ulm
HRB 1796
Shareholder:
Erich Rössler
GmbH
Josefsthaler
Str. 4
D 87600
Kaufbeuren
Legal form: Private limited company
Company
Status: active
Share
capital: EUR 153,000.00
Share: EUR 153,000.00
Reg.
data: 28.05.2010
Local court 87435 Kempten
HRB 10678
Shareholder:
Schwermetall
Halbzeugwerk Gesellschaft mit
beschränkter
Haftung
Breiniger
Berg 165
D 52223
Stolberg
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 52,000.00
Share: EUR 26,000.00
Reg.
data: 07.05.1971
Local court 52070 Aachen
HRB 11583
Shareholder:
Rössler
Beteiligungsgesellschaft mbH
Josefsthaler Str. 4
D 87600
Kaufbeuren
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Reg.
data: 11.03.1977
Local court 87435 Kempten
HRB 341
Shareholder:
Spezialmetall-Gesellschaft mit beschränkter
Haftung
Graf-Arco-Str. 36
D 89079 Ulm
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,600.00
Share: EUR 25,600.00
Reg.
data: 15.02.1963
Local court 89073 Ulm
HRB 145
Shareholder:
WICOATEC GmbH
Graf-Arco-Str. 36
D 89079 Ulm
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 29.08.2017
Local court 89073 Ulm
HRB 735574
Shareholder:
Wieland
Versicherungsvermittlung GmbH
Ziegeleiweg
20
D 42555
Velbert
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 06.08.2002
Local court 42103 Wuppertal
HRB 18468
Shareholder:
Fudickar Sauerländer Metallhandel
GmbH
Verbandsstr.
99
D 58093 Hagen
Legal form:
Private limited company
Company
Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 02.10.2009
Local court 58097 Hagen
HRB 8300
Shareholder:
Wieland Ventures GmbH
Graf-Arco-Str. 36
D 89079 Ulm
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 09.08.2017
Local court 89073 Ulm
HRB 735493
Shareholder:
Internationale Schule Ulm/Neu-Ulm
gGmbH
August-Nagel-Str. 11
OT Einsingen
D 89079 Ulm
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 500.00
Reg.
data: 29.06.2005
Local court 89073 Ulm
HRB 5205
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2015/2016
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: Tenant
Address
Lantwattenstr. 11
D 78050 Villingen-Schwenningen
Type of ownership: Tenant
Address Ziegeleiweg
20
D 42555
Velbert
Type of ownership: Tenant
Address Wielandstr.
26
D 89269
Vöhringen
Type of ownership: Tenant
Address
Graf-Arco-Str. 36
D 89079 Ulm
Type of ownership: Tenant
Address
Graf-Arco-Str. 34-36 OT Donautal
D 89079 Ulm
Land register documents were not available.
BANKERS
DEUTSCHE BANK, 89006 ULM
Sort. code: 63070088
BIC: DEUTDESS630
FINANCIAL
FIGURES
Turnover: 2015/2016 EUR 1,704,458,000.00
Profit: 2015/2016 EUR 51,812,000.00
Equipment: EUR
18,637,000.00
Ac/ts
receivable:
EUR 464,868,000.00
Liabilities: EUR 354,909,000.00
Employees:
4,252
-
Trainees: 219
BALANCE
SHEETS
Balance sheet ratios 01.10.2015 - 30.09.2016
Equity ratio [%]:
53.45
Liquidity ratio:
1.46
Return on total capital [%]:
4.34
Balance sheet ratios 01.10.2014 - 30.09.2015
Equity ratio [%]:
49.29
Liquidity ratio:
1.15
Return on total capital [%]:
3.93
Balance sheet ratios 01.10.2013 - 30.09.2014
Equity ratio [%]:
45.94
Liquidity ratio:
1.05
Return on total capital [%]:
2.61
Balance sheet ratios 01.10.2012 - 30.09.2013
Equity ratio [%]:
45.02
Liquidity ratio:
1.09
Return on total capital [%]:
3.85
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: electronic German Federal Gazette
Financial
year: 01.10.2015 - 30.09.2016
ASSETS EUR 1,192,611,000.00
Fixed assets EUR 490,718,000.00
Intangible assets EUR 5,129,000.00
Concessions, licences, rights EUR 5,129,000.00
Tangible assets EUR 262,846,000.00
Advance payments made / construction
in progress EUR 262,846,000.00
Financial assets EUR 222,743,000.00
Other loans EUR 222,743,000.00
Current assets EUR 696,503,000.00
Stocks EUR 195,706,000.00
Finished goods / work in progress EUR
195,706,000.00
Accounts receivable EUR 464,868,000.00
Other debtors and assets EUR 464,868,000.00
Liquid means EUR 35,929,000.00
Remaining other assets EUR 5,390,000.00
Accruals (assets) EUR 5,390,000.00
LIABILITIES EUR 1,192,611,000.00
Shareholders' equity EUR
637,450,000.00
Capital EUR 62,000,000.00
Subscribed capital (share capital) EUR
62,000,000.00
Reserves EUR 531,842,000.00
Capital reserves EUR 60,332,000.00
Retained earnings / revenue reserves
EUR 471,510,000.00
Balance sheet profit/loss (+/-) EUR 25,933,000.00
Balance sheet profit / loss EUR 25,933,000.00
Other shareholders' equity (+/-) EUR 17,675,000.00
Other / unspecified part of the
shareholders' equity EUR 17,675,000.00
Provisions EUR 200,252,000.00
Pension provisions and comparable
provisions EUR 80,134,000.00
Provisions for taxes EUR 15,646,000.00
Other / unspecified provisions EUR 104,472,000.00
Liabilities EUR 354,909,000.00
Financial debts EUR 207,473,000.00
Liabilities due to banks EUR 207,473,000.00
Other liabilities EUR 147,436,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 59,368,000.00
Liabilities from received advance
payments EUR 458,000.00
Liabililties due to related
companiesEUR 68,971,000.00
Liabilities due to investee
companiesEUR 699,000.00
Unspecified other liabilities EUR 17,940,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 1,704,458,000.00
Inventory change + own costs (+/-) EUR
-5,024,000.00
Inventory change (+/-) EUR -6,821,000.00
Capitalised own costs EUR 1,797,000.00
Other operating income EUR 24,440,000.00
Cost of materials EUR 1,173,260,000.00
Raw materials and supplies, purchased
goods EUR 1,125,394,000.00
Purchased services EUR 47,866,000.00
Gross result (+/-) EUR 550,614,000.00
Staff expenses EUR 339,221,000.00
Wages and salaries EUR 270,200,000.00
Social security contributions and
expenses for pension plans and
benefits EUR 69,021,000.00
Total depreciation EUR 43,519,000.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 43,519,000.00
Other operating expenses EUR 108,423,000.00
Operating result from continuing
operations EUR 59,451,000.00
Result from participating interests
(+/-)
EUR 20,768,000.00
Expenses / income from participations
EUR 20,768,000.00
Income from transfer of profits EUR 7,267,000.00
Income from related companies EUR 13,501,000.00
Expenses for the transfer of losses EUR 322,000.00
Interest result (+/-) EUR -7,648,000.00
Interest and similar income EUR 6,687,000.00
Interest and similar expenses EUR 14,335,000.00
Other financial result EUR 23,000.00
Income from securities and loans from
financial assets EUR 23,000.00
Financial result (+/-) EUR 12,821,000.00
Result from ordinary operations (+/-) EUR
72,272,000.00
Income tax / refund of income tax
(+/-)EUR -19,393,000.00
Other taxes / refund of taxes EUR -1,067,000.00
Tax (+/-) EUR -20,460,000.00
Annual surplus / annual deficit EUR 51,812,000.00
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.10.2014 - 30.09.2015
ASSETS EUR 1,214,088,000.00
Fixed assets EUR 500,831,000.00
Intangible assets EUR 5,961,000.00
Concessions, licences, rights EUR 5,961,000.00
Tangible assets EUR 275,547,000.00
Land / similar rights EUR 128,406,000.00
Plant / machinery EUR 119,057,000.00
Other tangible assets / fixtures and
fittings EUR 20,220,000.00
Advance payments made / construction
in progress EUR 7,864,000.00
Financial assets EUR 219,323,000.00
Shares in participations /
subsidiaries and the like EUR 216,351,000.00
Shares in related companies EUR 185,587,000.00
Shares in investee companies EUR 30,764,000.00
Loans to participations /
subsidiaries and the like EUR
2,250,000.00
Loans to related companies EUR 2,250,000.00
Other loans EUR 722,000.00
Current assets EUR 695,309,000.00
Stocks EUR 196,051,000.00
Raw materials, consumables and
supplies EUR 67,282,000.00
Finished goods / work in progress EUR
128,769,000.00
Accounts receivable EUR 487,130,000.00
Trade debtors EUR 149,118,000.00
Amounts due from related companies EUR
297,360,000.00
Other debtors and assets EUR 40,652,000.00
Liquid means EUR 12,128,000.00
Remaining other assets EUR 17,948,000.00
Accruals (assets) EUR 7,025,000.00
Active difference from asset
offsetting EUR 10,923,000.00
LIABILITIES EUR 1,214,088,000.00
Shareholders' equity EUR 598,471,000.00
Capital EUR 62,000,000.00
Subscribed capital (share capital) EUR
62,000,000.00
Reserves EUR 490,942,000.00
Capital reserves EUR 60,332,000.00
Retained earnings / revenue reserves
EUR 430,610,000.00
Third party shares (+/-) EUR 18,100,000.00
Balance sheet profit/loss (+/-) EUR 27,429,000.00
Balance sheet profit / loss EUR 27,429,000.00
Provisions EUR 179,075,000.00
Pension provisions and comparable
provisions EUR 79,263,000.00
Provisions for taxes EUR 5,364,000.00
Other / unspecified provisions EUR 94,448,000.00
Liabilities EUR 436,542,000.00
Financial debts EUR 284,259,000.00
Liabilities due to banks EUR 284,259,000.00
Other liabilities EUR 152,283,000.00
Trade creditors (for IAS incl. bills
of exchange) EUR 62,428,000.00
Liabilities from received advance
payments EUR 539,000.00
Liabililties due to related
companiesEUR 69,579,000.00
Liabilities due to investee companiesEUR 599,000.00
Unspecified other liabilities EUR 19,138,000.00
Guarantees and other commitments EUR 51,697,000.00
Guarantees / warranties EUR 51,697,000.00
Warranties EUR 51,697,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 1,883,592,000.00
Inventory change + own costs (+/-) EUR 7,538,000.00
Inventory change (+/-) EUR 5,843,000.00
Capitalised own costs EUR 1,695,000.00
Other operating income EUR 34,787,000.00
Cost of materials EUR 1,388,484,000.00
Raw materials and supplies, purchased
goods EUR 1,339,640,000.00
Purchased services EUR 48,844,000.00
Gross result (+/-) EUR 537,433,000.00
Staff expenses EUR 320,911,000.00
Wages and salaries EUR 259,051,000.00
Social security contributions and
expenses for pension plans and
benefits EUR 61,860,000.00
Total depreciation EUR 43,441,000.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 43,441,000.00
Other operating expenses EUR 111,482,000.00
Operating result from continuing
operations EUR 61,599,000.00
Result from participating interests
(+/-) EUR 20,152,000.00
Expenses / income from participations EUR 20,152,000.00
Income from transfer of profits EUR 6,373,000.00
Income from related companies EUR 13,779,000.00
Interest result (+/-) EUR -16,408,000.00
Interest and similar income EUR 6,166,000.00
Interest and similar expenses EUR 22,574,000.00
Other financial result EUR 33,000.00
Income from securities and loans from
financial assets EUR 33,000.00
Financial result (+/-) EUR 3,777,000.00
Result from ordinary operations (+/-) EUR
65,376,000.00
Income tax / refund of income tax
(+/-)EUR -16,555,000.00
Other taxes / refund of taxes EUR -1,118,000.00
Tax (+/-) EUR -17,673,000.00
Annual surplus / annual deficit EUR 47,703,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.83 |
|
|
1 |
INR 86.28 |
|
Euro |
1 |
INR 76.14 |
|
EUR |
1 |
INR 76.20 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
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.