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MIRA INFORM REPORT
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Report No. : |
486496 |
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Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
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Name : |
SCHOTT AG |
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Registered Office : |
Hattenbergstr. 10, D 55122 Mainz, Post Box:24 80, D
55014 Mainz |
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Country : |
Germany |
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Financials (as on) : |
30.09.2016 |
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Date of Incorporation : |
12.10.1972 |
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Com. Reg. No.: |
HRB 8555 |
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Legal Form : |
Public limited company |
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Line of Business : |
·
Manufacture and processing of other glass,
including technical glassware ·
Wholesale of ceramics and glassware |
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No. of Employees : |
4,382 |
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) |
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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 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.
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Source : CIA |
Company
name and address
Report on: SCHOTT
AG
Company Status:
active
Hattenbergstr. 10
D 55122 Mainz
Post Box:
24 80, D 55014
Mainz
Telephone: 06131/660
Telefax: 06131/662000
Homepage: www.schott.com
E-mail: info@schott.com
VAT no.:
DE811120270
Company
summary
Legal Form
Public limited company
Date of foundation:
12.10.1972
Registered on:
05.04.2004
Commercial Register: Local
court 55116 Mainz
under: HRB 8555
Share capital: EUR 150,000,000.00
Shareholder:
Carl-Zeiss-Stiftung
Carl-Zeiss-Str. 22
D 73447 Oberkochen
Legal form: Private law foundation
Share:
100.000 %
Reg. data: 89073 Ulm,
Control and profit transfer agreement
President of the Board of Directors:
Dr. Frank Heinricht
D 74223 Flein
born: 02.03.1962
Profession: Physicist
Marital status: unknown
Member of the Board of Directors:
Hermann Ditz
D 84034 Landshut
born: 25.03.1959
Member of the Board of Directors:
Dr. Heinz Peter Ferdinand Ernst-Wi
Kaiser
D 55122 Mainz
born: 31.08.1966
Member of the Board of Directors:
Dr. Jens Schulte
Flötnerweg 5
D 81479 München
born: 08.05.1971
Marital status: unknown
President of the Supervisory Board:
Dr. rer.nat. Dieter Kurz
D 88131 Lindau
born: 04.02.1948 in Tübingen
Marital status: unknown
Vice-president of the Supervisory Board:
Wolfgang Heinrich
St.-Rochus-Str. 8
D 56291 Maisborn
Member of the Supervisory Board:
Dr. Eduard Kulenkamp
D 67098 Bad Dürkheim
born: 02.05.1945
Member of the Supervisory Board:
Dr. rer. pol. Eckhard Müller
D 67547 Worms
Profession: Fully qualified merchant
Member of the Supervisory Board:
Dr.rer.nat. Stefan Marcinowski
D 68159 Mannheim
born: 22.02.1953 in Stuttgart
Profession: Chemist
Marital status: unknown
Member of the Supervisory Board:
Dr.rer.nat. Richard Pott
D 51371 Leverkusen
born: 11.05.1953 in Leverkusen-Opladen
Profession: Physicist
Marital status: married
Member of the Supervisory Board:
Prof. Dr. Dr. h..c. Klaus Backhaus
D 48143 Münster
born: 15.02.1947
Profession: Director
Marital status: unknown
Representative of the Employees within the Supervisory
Board:
Salvatore Ruggiero
Morschstr. 48
D 55129 Mainz
born: 26.01.1970
Representative of the Employees within the Supervisory
Board:
Hartmuth Baumann
D 92442 Wackersdorf
Representative of the Employees within the Supervisory
Board:
Gerhard Greim
D 95666 Mitterteich
Marital status: unknown
Representative of the Employees within the Supervisory
Board:
Martina Mehlan
D 31073 Grünenplan
Marital status: unknown
Representative of the Employees within the Supervisory
Board:
Dr. Thomas Hünlich
D 55452 Windesheim
Marital status: unknown
Proxy:
Rainer Schade
D 30826 Garbsen
authorized to jointly represent the company
born: 24.06.1957
Proxy:
Ulrich Zirfas
D 37581 Bad Gandersheim
authorized to jointly represent the company
born: 03.02.1954
Profession: Engineer
Proxy:
Dr. Martin Heming
Pfarrberg 14
D 55442 Stromberg
born: 06.05.1956
Profession: Fully qualified chemist
Marital status: married
Proxy:
Dr. Jürgen Bode
Im Kornfeld 5
D 65835 Liederbach
authorized to jointly represent the company
born: 05.07.1962
Proxy:
Dr. Ulrich Josef Ackermann
D 55268 Nieder-Olm
authorized to jointly represent the company
born: 16.03.1955
Proxy:
Martin Fuchs
D 79189 Bad Krozingen
authorized to jointly represent the company
born: 01.08.1969
Proxy:
Dr. Reiner Hans Mauch
D 55452 Guldental
authorized to jointly represent the company
born: 20.04.1961
Proxy:
Oliver Zitzmann
D 60265 Frankfurt
authorized to jointly represent the company
born: 05.12.1967
Nationality: USA
Marital status: unknown
Proxy:
Dr. Joachim Küster
D 64390 Erzhausen
authorized to jointly represent
the company
born: 13.03.1965
Proxy:
Günter Holzhauser
Anger 61
D 99084 Erfurt
authorized to jointly represent the company
born: 21.08.1965
Profession: graduate engineer
Proxy:
Udo Reichardt
D 55116 Mainz
authorized to jointly represent the company
born: 29.09.1963
Profession: Fully qualified merchant
Marital status: married
Proxy:
Reinhard Männl
D 95666 Mitterteich
authorized to jointly represent the company
born: 30.06.1951
Proxy:
Peter Scherer
Almstr. 6a
D 95448 Bayreuth
authorized to jointly represent the company
born: 21.04.1963
Proxy:
Sascha Gregori
Provinzialstr. 5
D 55425 Waldalgesheim
authorized to jointly represent the company
born: 03.09.1970
Proxy:
Dr. Jörg Flatten
D 65183 Wiesbaden
authorized to jointly represent the company
born: 18.01.1966
Proxy:
Thomas Gassner
D 92637 Weiden
authorized to jointly represent the company
born: 17.05.1964
Proxy:
Peter Kniprath
Wilhelm-Hauff-Str. 33
D 84036 Landshut
authorized to jointly represent the company
born: 05.08.1966
Proxy:
Wolfgang Wentzel
D 55413 Weiler
authorized to jointly represent the company
born: 10.06.1953
Proxy:
Dr. Stefan Andreas Lätsch
D 79098 Freiburg
authorized to jointly represent the company
born: 04.08.1963
Proxy:
Bernhard Langner
D 55116 Mainz
authorized to jointly represent the company
born: 22.01.1969
Proxy:
Andreas Reisse
D 93047 Regensburg
born: 20.04.1961
Proxy:
Hans-Peter Langer
Rieslingweg 8
D 55270 Schwabenheim
authorized to jointly represent the company
born: 10.06.1959
Marital status: unknown
Proxy:
Thomas Harbach
D 55116 Mainz
authorized to jointly represent the company
born: 26.07.1956
Proxy:
Christoph Fark
D 65343 Eltville
authorized to jointly represent the company
born: 29.12.1970
Marital status: unknown
Proxy:
Dr. Marc Clement
D 37574 Einbeck
authorized to jointly
represent the company
born: 27.01.1958
Proxy:
Thomas Volker Schöning
D 55122 Mainz
born: 01.11.1966
Proxy:
Michael Vollgold
D 76698 Ubstadt-Weiher
authorized to jointly represent the company
born: 24.10.1966
Proxy:
Andreas Krüger
D 31073 Grünenplan
authorized to jointly represent the
company
born: 01.02.1967
Proxy:
Oliver Spika
Nerobergstr. 3
D 65193 Wiesbaden
authorized to jointly represent the company
born: 02.02.1969
Proxy:
Dr. Patrick Markschläger
Fuchsturmweg 14a
D 07749 Jena
authorized to jointly represent the company
born: 30.04.1966
Marital status: unknown
Proxy:
Christian Geiger
D 94469 Deggendorf
authorized to jointly represent the company
born: 31.08.1966
Proxy:
Peter Helmut Fühles
Pestalozzistr. 15
D 55450 Langenlonsheim
authorized to jointly represent the company
born: 07.03.1965
Proxy:
Tanja Kremers
D 30982 Pattensen
authorized to jointly represent the company
born: 03.05.1972
Proxy:
Stephan Link
D 84028 Landshut
authorized to jointly represent the company
born: 05.08.1974
Proxy:
Bernhard Gilch
D 84183 Niederviehbach
authorized to jointly represent the company
born: 02.12.1961
Proxy:
Christian Köhler
D 60308 Frankfurt
authorized to jointly represent the company
born: 20.05.1973
Proxy:
Marcus Knöbel
D 65033 Wiesbaden
authorized to jointly represent the company
born: 11.05.1973
Proxy:
Carsten Heine
D 92637 Weiden
authorized to jointly represent the
company
born: 31.07.1972
Proxy:
Andreas Beeres
D 63150 Heusenstamm
authorized to jointly represent the company
born: 25.09.1968
Proxy:
Thomas Jochen Straßer
D 55122 Mainz
authorized to jointly represent the company
born: 10.10.1971
Proxy:
Gernot Orben
D 55296 Harxheim
authorized to jointly represent the company
born: 06.03.1961
Proxy:
Kai Olbricht
D 55122 Mainz
authorized to jointly represent the company
born: 23.12.1972
Proxy:
Dieter Worf
D 55299 Nackenheim
authorized to jointly represent the company
born: 08.09.1974
Proxy:
Eike Krull
D 35096 Weimar
authorized to jointly represent the company
born: 16.06.1978
Proxy:
Dirk Seidel
D 65396 Walluf
authorized to jointly represent the
company
born: 08.04.1968
Proxy:
Fabian Stöcker
D 61250 Usingen
authorized to jointly represent the company
born: 18.02.1976
Proxy:
Dr. Anne Daentzer
D 55122 Mainz
authorized to jointly represent the company
born: 02.01.1966
Proxy:
Stefan Rosner
D 92712 Pirk
authorized to jointly represent the company
born: 13.07.1965
Proxy:
Dr. Volker Trinks
D 95666 Mitterteich
authorized to jointly represent the company
born: 21.11.1961
Further functions/participations of Dr. Frank Heinricht
(President of the Board of Directors)
President of the Supervisory Board:
Heraeus Deutschland Verwaltungs GmbH
Heraeusstr. 12-14
D 63450 Hanau
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 26.06.1981
Reg. data: 63450 Hanau, HRB 2643
President of the Supervisory Board:
Heraeus Quarzglas Verwaltungsgesellschaft
mbH
Quarzstr. 8
D 63450 Hanau
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 22.10.1998
Reg. data: 63450 Hanau, HRB 6288
COMPANY
HISTORY
company name and
legal form
05.04.2004 - 30.06.2004
SCHOTT Spezialglas AG
Hattenbergstr. 10
D 55122 Mainz
Public limited company
12.10.1972 - 04.04.2004
Schott Spezialglas GmbH HRB 5656
Hattenbergstr. 10
D 55122 Mainz
Private limited company
BUSINESS
ACTIVITIES
Main industrial
sector
23190 Manufacture
and processing of other glass, including
technical glassware
46441 Wholesale
of ceramics and glassware
BRANCHES
AND FACTORIES
Works:
SCHOTT AG
Erich-Schott-Str. 14
D 95666 Mitterteich
TEL.: 09633/800
FAX.: 09633/80614
PARTICIPATIONS
Limited partner:
Schott Glas Mainz Grundstücks-GmbH & Co. KG
Hattenbergstr. 10
D 55122 Mainz
Legal form: Ltd partnership with
priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 1,000,000.00
contribution:
Share: EUR 1,000,000.00
Reg. data: 17.10.2002
Local court
55116 Mainz
HRA 4064
Limited partner:
VRP Venture Capital Rheinland-Pfalz GmbH &
Co. KG
Holzhofstr. 4
D 55116 Mainz
Legal form: Ltd partnership with priv. ltd.
company as
general partner
Company Status: in liquidation
since: 03.06.2013
Total cap. EUR 751,750.00
contribution:
Share: EUR 12,500.00
Reg. data: 07.05.2003
Local court
55116 Mainz
HRA 4169
Limited partner:
VRP Venture Capital Rheinland- Pfalz Nr. 2
GmbH & Co. KG
Holzhofstr. 4
D 55116 Mainz
Legal form: Ltd partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 16,015.00
contribution:
Share: EUR 250.00
Reg. data: 28.12.2007
Local court
55116 Mainz
HRA 40581
Shareholder:
Schott Glaswerke Beteiligungs- und Export
GmbH
Hattenbergstr. 10
D 55122 Mainz
Legal form: Private limited company
Company Status: active
Share capital: EUR 68,110,100.00
Share: EUR 68,110,100.00
Reg. data: 09.09.1992
Local court
55116 Mainz
HRB 4873
Shareholder:
SCHOTT JENAer GLAS GmbH
Otto-Schott-Str. 13
D 07745 Jena
Legal form: Private limited company
Company Status: active
Share capital: EUR 15,338,756.44
Share: EUR 15,338,756.44
Reg. data: 10.07.1990
Local court
07745 Jena
HRB 200169
Shareholder:
SCHOTT Technical Glass Solutions GmbH
Otto-Schott-Str. 13
D 07745 Jena
Legal form: Private limited
company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 16.10.2002
Local court
07745 Jena
HRB 209412
Shareholder:
LIB Industrie Beteiligung GmbH
Hattenbergstr. 10
D 55122 Mainz
Legal form: Private limited company
Company Status: active
Share capital: EUR 2,600,000.00
Share: EUR 2,600,000.00
Reg. data: 10.10.1994
Local court
55116 Mainz
HRB 5481
Shareholder:
Schott Glaswerke Service GmbH
Hattenbergstr. 10
D 55122 Mainz
Legal form: Private limited company
Company Status: active
Share capital: EUR 110,000.00
Share: EUR 110,000.00
Reg. data: 25.11.1991
Local court
55116 Mainz
HRB 4680
Shareholder:
SCHOTT ENGINEERING Gesellschaft mit
beschränkter Haftung
Hattenbergstr. 10
D 55122 Mainz
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,600.00
Share: EUR 25,600.00
Reg. data: 25.05.1965
Local court
55116 Mainz
HRB 46
Shareholder:
Schott Verwaltungs GmbH
Hattenbergstr. 10
D 55122 Mainz
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 09.03.2004
Local court
55116 Mainz
HRB 8509
Shareholder:
SCHOTT Finanzierungs- und Verwaltungs GmbH
Hattenbergstr. 10
D 55122 Mainz
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Reg. data: 01.09.2015
Local court
55116 Mainz
HRB 46339
FINANCIAL
INFORMATION
Payment experience:
Regular
Negative information: We
have no negative information at hand.
Balance sheet year:
2015/2016
REAL
ESTATE
Type of ownership:
Tenant
Address
Hattenbergstr.
10
D 55122
Mainz
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 55020 MAINZ
Sort. code: 55070040, Account no.: 012326500
BIC: DEUTDE5MXXX, IBAN: DE71550700400012326500
Further bank
COMMERZBANK, 55002 MAINZ
Sort. code: 55040022, Account no.: 226000800
BIC: COBADEFFXXX, IBAN: DE92550400220226000800
FINANCIAL
FIGURES
Turnover:
2014/2015 EUR 794,425,575.00
2015/2016 EUR 844,490,815.00
Profit:
2014/2015 EUR 110,490,319.00
2015/2016 EUR 89,173,239.00
further business figures:
Equipment: EUR 27,328,009.00
Ac/ts receivable: EUR 701,470,711.00
Liabilities: EUR 539,055,355.00
Employees:
4,382
Control and profit transfer agreement to:
Carl-Zeiss-Stiftung
Carl-Zeiss-Str. 22
D 73447 Oberkochen
BALANCE
SHEETS
Balance sheet ratios 01.10.2015 - 30.09.2016
Equity ratio [%]:
42.38
Liquidity ratio: 1.80
Return on total capital [%]: 5.05
Balance sheet ratios 01.10.2014 - 30.09.2015
Equity ratio [%]:
35.40
Liquidity ratio: 1.50
Return on total capital [%]: 6.13
Balance sheet ratios 01.10.2013 - 30.09.2014
Equity ratio [%]:
31.97
Liquidity ratio: 1.23
Return on total capital [%]: 1.24
Balance sheet ratios 01.10.2012 - 30.09.2013
Equity ratio [%]:
29.49
Liquidity ratio: 1.21
Return on total capital [%]: 6.87
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 1,959,167,824.43
Fixed assets EUR 977,277,112.92
Intangible assets EUR 5,267,958.47
Concessions, licences, rights EUR 3,463,977.85
Goodwill EUR 1,803,980.62
Tangible assets EUR 317,469,285.23
Land / similar
rights EUR 8,758,843.55
Plant / machinery EUR 242,867,505.51
Other tangible assets /
fixtures and
fittings EUR 27,328,009.22
Advance payments made /
construction
in progress EUR
38,514,926.95
Financial assets EUR 654,539,869.22
Shares in
participations /
subsidiaries and the
like EUR 481,125,139.09
Shares in related
companies EUR 481,125,138.09
Shares in investee
companies EUR 1.00
Loans to participations
/
subsidiaries and the
like EUR 173,381,376.93
Loans to related
companies EUR 173,381,376.93
Other loans EUR 33,353.20
Current assets EUR 977,814,327.13
Stocks EUR 176,527,679.48
Raw materials,
consumables and
supplies EUR 34,045,428.04
Finished goods / work
in progress EUR 150,805,642.97
Minus received advance
payments for
orders / installments
for stocks EUR -8,323,391.53
Accounts receivable EUR 701,470,711.13
Trade debtors EUR 91,571,786.24
Amounts due from
related companies EUR 583,836,497.24
Amounts due from
investee companies EUR 2,186,088.42
Other debtors and
assets EUR 23,876,339.23
Liquid means EUR 99,815,936.52
Remaining other
assets EUR 4,076,384.38
Accruals (assets) EUR 3,620,705.38
Active difference from
asset
offsetting EUR 455,679.00
LIABILITIES EUR 1,959,167,824.43
Shareholders' equity EUR 782,449,259.50
Capital EUR 150,000,000.00
Subscribed capital
(share capital) EUR 150,000,000.00
Reserves EUR 372,213,563.46
Capital reserves EUR 322,213,563.46
Retained earnings /
revenue reserves EUR
50,000,000.00
Balance sheet
profit/loss (+/-) EUR 260,235,696.04
Balance sheet profit /
loss EUR 260,235,696.04
Provisions EUR 634,065,501.49
Pension provisions and
comparable
provisions EUR 442,626,719.17
Provisions for
taxes EUR 8,573,695.79
Other / unspecified
provisions EUR 182,865,086.53
Liabilities EUR 539,055,354.84
Financial debts EUR 42,293,815.76
Liabilities due to
banks EUR 42,293,815.76
Other liabilities EUR 496,761,539.08
Trade creditors (for
IAS incl. bills
of exchange) EUR 55,362,711.89
Liabililties due to
related companiesEUR
426,885,419.71
Liabilities due to
investee companiesEUR
2,274,386.50
Unspecified other
liabilities EUR 12,239,020.98
Other liabilities EUR 3,597,708.60
Deferrals
(liabilities) EUR 3,597,708.60
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 844,490,814.88
Inventory change + own
costs (+/-) EUR 16,175,853.07
Inventory change
(+/-) EUR 5,934,949.99
Capitalised own
costs EUR 10,240,903.08
Other operating
income EUR 164,262,692.77
Cost of materials EUR 236,139,122.55
Raw materials and
supplies, purchased
goods EUR 226,860,552.03
Purchased services EUR 9,278,570.52
Gross result (+/-) EUR 788,790,238.17
Staff expenses EUR 335,158,523.63
Wages and salaries EUR 282,831,282.98
Social security
contributions and
expenses for pension
plans and
benefits EUR 52,327,240.65
Total depreciation EUR 45,216,712.49
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 45,216,712.49
Other operating
expenses EUR 308,412,698.79
Operating result from
continuing
operations EUR 100,002,303.26
Result from participating
interests
(+/-) EUR 57,597,951.92
Expenses / income from
participations EUR 57,597,951.92
Income from transfer of
profits EUR 52,945,029.78
Income from related
companies EUR 4,652,922.14
Expenses for the transfer
of losses EUR 6,935,156.58
Interest result
(+/-) EUR -24,891,718.22
Interest and similar
income EUR 11,011,668.59
Interest and similar
expenses EUR 35,903,386.81
Other financial
result EUR -25,675,767.45
Income from securities
and loans from
financial assets EUR 4,213,788.74
Depreciation on
financial assets and
marketable
securities EUR 29,889,556.19
Financial result
(+/-) EUR 95,309.67
Result from ordinary
operations (+/-) EUR 100,097,612.93
Extraordinary
expenses EUR 9,575,851.00
Extraordinary result
(+/-) EUR -9,575,851.00
Income tax / refund of
income tax (+/-)EUR -1,276,795.21
Other taxes / refund of
taxes EUR -71,727.23
Tax (+/-) EUR -1,348,522.44
Annual surplus / annual
deficit EUR 89,173,239.49
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 1,964,119,629.28
Fixed assets EUR 980,901,653.42
Intangible assets EUR 7,073,016.54
Concessions, licences,
rights EUR 4,057,155.56
Goodwill EUR 3,015,860.98
Tangible assets EUR 289,711,899.87
Land / similar
rights EUR 4,798,949.88
Plant / machinery EUR 215,863,927.16
Other tangible assets /
fixtures and
fittings EUR 20,942,889.89
Advance payments made /
construction
in progress EUR 48,106,132.94
Financial assets EUR 684,116,737.01
Shares in participations
/
subsidiaries and the
like EUR 507,509,311.75
Shares in related
companies EUR 507,509,310.75
Shares in investee
companies EUR 1.00
Loans to participations
/
subsidiaries and the
like EUR 176,515,362.36
Loans to related
companies EUR 176,515,362.36
Other loans EUR 92,062.90
Current assets EUR 980,259,580.55
Stocks EUR 168,428,756.77
Raw materials,
consumables and
supplies EUR 35,519,912.61
Finished goods / work
in progress EUR 145,733,071.37
Minus received advance
payments for
orders / installments
for stocks EUR -12,824,227.21
Accounts receivable EUR 737,081,860.59
Trade debtors EUR 85,332,256.95
Amounts due from
related companies EUR 618,976,837.87
Amounts due from
investee companies EUR 2,199,543.98
Other debtors and
assets EUR 30,573,221.79
Liquid means EUR 74,748,963.19
Remaining other
assets EUR 2,958,395.31
Accruals (assets) EUR 2,958,395.31
LIABILITIES EUR 1,964,119,629.28
Shareholders' equity EUR 697,181,874.54
Capital EUR
150,000,000.00
Subscribed capital
(share capital) EUR 150,000,000.00
Reserves EUR 372,213,563.46
Capital reserves EUR 322,213,563.46
Retained earnings /
revenue reserves EUR
50,000,000.00
Balance sheet
profit/loss (+/-) EUR 174,714,456.55
Balance sheet profit /
loss EUR 174,714,456.55
Other shareholders'
equity (+/-) EUR 253,854.53
Other / unspecified
part of the
shareholders'
equity EUR 253,854.53
Provisions EUR 695,878,292.25
Pension provisions and
comparable
provisions EUR 494,389,506.17
Provisions for
taxes EUR 9,707,680.58
Other / unspecified
provisions EUR 191,781,105.50
Liabilities EUR 567,105,087.29
Financial debts EUR 46,876,093.89
Liabilities due to
banks EUR 46,876,093.89
Other liabilities EUR 520,228,993.40
Trade creditors (for
IAS incl. bills
of exchange) EUR 59,649,090.33
Liabililties due to
related companiesEUR
445,255,598.36
Liabilities due to
investee companiesEUR
1,884,328.79
Unspecified other
liabilities EUR 13,439,975.92
Other liabilities EUR 3,954,375.20
Deferrals
(liabilities) EUR 3,954,375.20
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 794,425,574.83
Inventory change + own
costs (+/-) EUR 6,853,805.79
Inventory change
(+/-) EUR -83,199.36
Capitalised own
costs EUR 6,937,005.15
Other operating
income EUR 206,142,339.42
Cost of materials EUR 222,571,126.16
Raw materials and
supplies, purchased
goods EUR 215,720,019.50
Purchased services EUR 6,851,106.66
Gross result (+/-) EUR 784,850,593.88
Staff expenses EUR 317,519,835.48
Wages and salaries EUR 267,524,162.95
Social security
contributions and
expenses for pension
plans and
benefits EUR 49,995,672.53
Total depreciation EUR 42,655,005.75
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 42,655,005.75
Other operating
expenses EUR 333,857,323.57
Operating result from
continuing
operations EUR 90,818,429.08
Result from participating
interests
(+/-) EUR 124,269,263.43
Expenses / income from
participations EUR 160,905,224.22
Income from transfer of
profits EUR 152,776,596.44
Income from related
companies EUR 8,128,627.78
Expenses for
participations EUR 36,635,960.79
Expenses for other
participations EUR 36,635,960.79
Interest result
(+/-) EUR -93,686,947.51
Interest and similar
income EUR 12,320,198.56
Interest and similar
expenses EUR 106,007,146.07
Other financial
result EUR 3,965,831.32
Income from securities
and loans from
financial assets EUR 9,285,598.04
Depreciation on
financial assets and
marketable
securities EUR 5,319,766.72
Financial result
(+/-) EUR 34,548,147.24
Result from ordinary
operations (+/-) EUR 125,366,576.32
Extraordinary
expenses EUR 9,714,209.00
Extraordinary result
(+/-) EUR
-9,714,209.00
Income tax / refund of
income tax (+/-)EUR -5,085,699.80
Other taxes / refund of
taxes EUR -76,348.40
Tax (+/-) EUR -5,162,048.20
Annual surplus / annual
deficit EUR 110,490,319.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.41 |
|
|
1 |
INR 87.18 |
|
Euro |
1 |
INR 77.45 |
|
Euro |
1 |
INR 78.35 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
KET |
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.