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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

516470

Report Date :

23.06.2018

 

IDENTIFICATION DETAILS

 

Name :

LEICA MIKROSYSTEME VERTRIEB GMBH

 

 

Registered Office :

Ernst-Leitz-Str. 17-37, D 35578 Wetzlar

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

17.10.1985

 

 

Com. Reg. No.:

HRB 5464

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Agents involved in the sale of fine mechanical, photo and optical products

·         Wholesale of electrial domestic appliances

·         Wholesale of nonelectric domestic appliances, metal and other household goods n.e.c.

 

 

No. of Employees :

184

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

(31.12.2017)

Current Rating

(01.04.2018)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 


 

GERMANY - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and a large increase in net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms.

Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong economic growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.

Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2017 Germany reached a budget surplus of 0.7%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016, though the target was already reached in 2012.

The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros during 2016-18, largely in infrastructure, is intended to spur needed private investment. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.

 

Source : CIA

 


Company name and address

 

Report on:                    Leica Mikrosysteme Vertrieb GmbH

           

Company Status:          active

                                    Ernst-Leitz-Str. 17-37

                                    D 35578 Wetzlar

Telephone:                    06441/29-0

Telefax:                        06441/29-2599

Homepage:                   www.leica-microsystems.com

E-mail:                          webmaster@leica-microsystems.com

VAT no.:                       DE812487602

 

 

Company summary

 

Legal Form                   Private limited company

Date of foundation:       17.10.1985

Shareholders'

agreement:                    17.10.1985

Registered on:              13.08.2007

Commercial Register:    Local court 35578 Wetzlar

under:                                       HRB 5464

 

Share capital:                EUR             26,000.00

 

 

Shareholder:

                     Leica Microsystems Holdings GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR         26,002,740.00

                     Share:             EUR             26,000.00

                     Registered on: 18.01.1930

                     Reg. data: 35578 Wetzlar, HRB 7

                     Profit transfer agreement

Manager:

                     Melanie Hammerschmidt-Broman

                     D 61267 Neu-Anspach

                     authorized to jointly represent the company

                     born: 14.03.1969

                     née: Hammerschmidt

Manager:

                     Markus Lusser

                     D 61378 Friedrichsdorf

                     authorized to jointly represent the company

                     born: 20.11.1968

                     Nationality: USA

Manager:

                     Markus Vornhagen

                     D 56068 Koblenz

                     born: 21.08.1970

Proxy:

                     Beate Berns

                     D 65205 Wiesbaden

                     authorized to jointly represent the company

                     born: 03.04.1971

Proxy:

                     Peter Hausammann

                     D 64354 Reinheim

                     authorized to jointly represent the company

                     born: 31.12.1954

Proxy:

                     Karim Safaee

                     D 61348 Bad Homburg

                     authorized to jointly represent the company

                     born: 13.12.1966

Proxy:

                     Yves Janin

                     F  Boeurs en Othe

                     authorized to jointly represent the company

                     born: 12.01.1962

                     Nationality: French

Proxy:

                     Dr. Jürgen Kreß

                     D 61440 Oberursel

                     authorized to jointly represent the company

                     born: 15.03.1971

Proxy:

                     Petr Samanek

                     UAE  Dubai

                     authorized to jointly represent the company

                     born: 28.11.1967

                     Nationality: Emirati

Proxy:

                     Marcela Kirberger

                     D 61350 Bad Homburg

                     authorized to jointly represent the company

                     born: 13.03.1966

 

Further functions/participations of Melanie Hammerschmidt-Broman

(Manager)

Manager:

                     Leica Microsystems Holdings GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR         26,002,740.00

                     Registered

                     on:         18.01.1930

                     Reg. data:  35578 Wetzlar, HRB 7

Manager:

                     KM HoldCo GmbH

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         03.12.2015

                     Reg. data:  89073 Ulm, HRB 732829

Manager:

                     TN HoldCo GmbH

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         09.12.2015

                     Reg. data:  89073 Ulm, HRB 732851

Manager:

                     PM HoldCo GmbH

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         09.12.2015

                     Reg. data:  89073 Ulm, HRB 732850

Manager:

                     NG HoldCo GmbH

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         10.12.2015

                     Reg. data:  89073 Ulm, HRB 732862

Manager:

                     GHG GmbH

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         06.11.2015

                     Reg. data:  89073 Ulm, HRB 732722

Manager:

                     FD HoldCo GmbH

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         14.12.2015

                     Reg. data:  89073 Ulm, HRB 732874

Manager:

                     Leica Microsystems GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR         12,000,000.00

                     Registered

                     on:         19.12.2005

                     Reg. data:  35578 Wetzlar, HRB 5187

Manager:

                     Leica Microsystems IR GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         22.03.2000

                     Reg. data:  35578 Wetzlar, HRB 2349

Manager:

                     DH Evolution GmbH

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         16.06.2005

                     Reg. data:  89073 Ulm, HRB 641890

Manager:

                     DH Verwaltungs GmbH

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Private limited company

                     Share capital:     EUR             75,000.00

                     Registered

                     on:         12.07.2016

                     Reg. data:  89073 Ulm, HRB 733759

Manager:

                     Leica Microsystems CMS GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR            196,000.00

                     Registered

                     on:         12.03.2001

                     Reg. data:  35578 Wetzlar, HRB 2432

Manager:

                     HR HoldCo GmbH

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         21.12.2015

                     Reg. data:  89073 Ulm, HRB 732911

Manager:

                     DH Holdings Germany Verwaltungs LLC -

                     Zweigniederlassung der DH Holdings Germany

                     LLC

                     Bismarckring 39

                     D 88400 Biberach

                     Legal form: Branch of a private limited

                                 company under foreign law

                     Registered

                     on:         17.11.2016

                     Reg. data:  89073 Ulm, HRB 734314

 

Further functions/participations of Markus Lusser (Manager)

Manager:

                     Leica Microsystems Holdings GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR         26,002,740.00

                     Registered

                     on:         18.01.1930

                     Reg. data:  35578 Wetzlar, HRB 7

Manager:

                     Leica Microsystems GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR         12,000,000.00

                     Registered

                     on:         19.12.2005

                     Reg. data:  35578 Wetzlar, HRB 5187

Manager:

                     Leica Microsystems IR GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         22.03.2000

                     Reg. data:  35578 Wetzlar, HRB 2349

Manager:

                     Leica Microsystems CMS GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR            196,000.00

                     Registered

                     on:         12.03.2001

                     Reg. data:  35578 Wetzlar, HRB 2432

Proxy:

                     AB Sciex Germany GmbH

                     Landwehrstr. 54

                     D 64293 Darmstadt

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         20.11.2009

                     Reg. data:  64283 Darmstadt, HRB 88376

 

Further functions/participations of Markus Vornhagen (Manager)

Manager:

                     Leica Microsystems Holdings GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR         26,002,740.00

                     Registered

                     on:         18.01.1930

                     Reg. data:  35578 Wetzlar, HRB 7

Proxy:

                     Leica Microsystems GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR         12,000,000.00

                     Registered

                     on:         19.12.2005

                     Reg. data:  35578 Wetzlar, HRB 5187

Proxy:

                     Leica Microsystems IR GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         22.03.2000

                     Reg. data:  35578 Wetzlar, HRB 2349

 

 

COMPANY HISTORY

 

Company name and legal form

 

13.05.1998 - 13.08.2007  Leica Mikrosysteme Vertrieb GmbH

                         Lilienthalstr. 39-45

                         D 64625 Bensheim

                         Private limited company

29.07.1991 - 13.05.1998  Leica Vertrieb GmbH

                         Lilienthalstr. 39-45

                         D 64625 Bensheim

                         Private limited company

17.10.1985 - 28.07.1991  Leica Vertrieb GmbH

                         Ernst-Leitz-Str. 1

                         D 35578 Wetzlar

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

21.08.2007 - 06.12.2017  Manager

                         Frank Bunge

                         D 55116 Mainz

15.01.2015 - 26.10.2016  Manager

                         Harald Schwenk

                         D 50259 Pulheim

15.01.2015 - 05.10.2015  Manager

                         Knud Müller

                         D 65549 Limburg

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

 

46181   Agents involved in the sale of fine mechanical, photo and optical products

46432   Wholesale of electrial domestic appliances

46495   Wholesale of nonelectric domestic appliances, metal and other household goods n.e.c.

 

 

BRANCHES AND FACTORIES

 

Branch:

                     Leica Mikrosysteme Vertrieb GmbH

                     D 80333 München

Branch:

                     Leica Mikrosysteme Vertrieb GmbH

                     D 70173 Stuttgart

Branch:

                     Leica Mikrosysteme Vertrieb GmbH

                     D 50667 Köln

Branch:

                     Leica Mikrosysteme Vertrieb GmbH

                     D 60313 Frankfurt

Branch:

                     Leica Mikrosysteme Vertrieb GmbH

                     Tiergartenstr. 9

                     D 64646 Heppenheim

Branch:

                     Leica Mikrosysteme Vertrieb GmbH

                     Immenweg 4

                     D 21220 Seevetal

                     TEL.: 04105/83356

 

 

FINANCIAL INFORMATION

 

Payment experience:                 Regular

 

Negative information:                We have no negative information at hand.

 

Balance sheet year:                   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                        Ernst-Leitz-Str. 17-37

                                    D 35578 Wetzlar

 

Land register documents were not available.

 

 

BANKERS

 

Principal banks

COMMERZBANK, 60005 FRANKFURT AM MAIN

Sort. code: 50040000

BIC: COBADEFFXXX

DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, 35524 WETZLAR

Sort. code: 51570024

BIC: DEUTDEDB515

COMMERZBANK VORMALS DRESDNER BANK, 64219 DARMSTADT

Sort. code: 50880050

BIC: DRESDEFF508

POSTBANK, 60288 FRANKFURT AM MAIN

Sort. code: 50010060

BIC: PBNKDEFFXXX

 

 

FINANCIAL FIGURES

 

Turnover:            2016               EUR        181,717,564.00

Profit:              2016               EUR          7,612,000.00

Equipment:                              EUR          2,925,308.00

Ac/ts receivable:                       EUR         44,423,604.00

Liabilities:                            EUR         40,056,790.00

Employees:                                                    184

- thereof permanent staff:                                    175

- Part-time employees:                                          9

 

Profit transfer agreement to:

                     Leica Microsystems Holdings GmbH

                     Ernst-Leitz-Str. 17-37

                     D 35578 Wetzlar

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2016 - 31.12.2016

Equity ratio [%]:                 25.04

Liquidity ratio:                   1.37

Return on total capital [%]:      11.98

 

Balance sheet ratios 01.01.2015 - 31.12.2015

Equity ratio [%]:                 12.18

Liquidity ratio:                   1.08

Return on total capital [%]:      11.35

 

Balance sheet ratios 01.01.2014 - 31.12.2014

Equity ratio [%]:                 18.45

Liquidity ratio:                   1.27

Return on total capital [%]:       9.43

 

Balance sheet ratios 01.01.2013 - 31.12.2013

Equity ratio [%]:                 23.73

Liquidity ratio:                   1.85

Return on total capital [%]:       9.34

 

 

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:      01.01.2016 - 31.12.2016

 

ASSETS                                  EUR         63,551,777.49

 Fixed assets                           EUR          8,680,225.33

  Intangible assets                     EUR          2,336,733.90

   Concessions, licences, rights        EUR              9,733.90

   Customer base                        EUR          2,327,000.00

  Tangible assets                       EUR          2,925,308.16

   Other tangible assets / fixtures and

   fittings                             EUR          2,925,308.16

  Financial assets                      EUR          3,418,183.27

   Securities included in fixed assets  EUR          1,005,073.27

   Other loans                          EUR          2,413,110.00

 Current assets                         EUR         54,613,921.44

  Stocks                                EUR         10,190,132.70

   Finished goods / work in progress    EUR         10,190,132.70

  Accounts receivable                   EUR         44,423,603.92

   Trade debtors                        EUR         32,718,983.21

   Amounts due from related companies   EUR         11,480,088.08

   Other debtors and assets             EUR            224,532.63

  Liquid means                          EUR                184.82

 Remaining other assets                 EUR            257,630.72

  Accruals (assets)                     EUR            257,630.72

 

LIABILITIES                             EUR         63,551,777.49

 Shareholders' equity                   EUR          8,303,658.54

  Capital                               EUR             26,000.00

   Subscribed capital (share capital)   EUR             26,000.00

  Reserves                              EUR          8,277,658.54

   Capital reserves                     EUR          7,766,831.54

   Retained earnings / revenue reserves EUR            510,827.00

 Provisions                             EUR         11,914,188.23

  Pension provisions and comparable

  provisions                            EUR          7,923,355.00

  Other / unspecified provisions        EUR          3,990,833.23

 Liabilities                            EUR         40,056,790.10

  Financial debts                       EUR          5,578,288.60

   Liabilities due to banks             EUR          5,578,288.60

  Other liabilities                     EUR         34,478,501.50

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR          2,378,982.71

   Liabilities from received advance

   payments                             EUR            963,294.29

   Liabililties due to related companiesEUR         30,693,715.56

   Unspecified other liabilities        EUR            442,508.94

    thereof liabilities from tax /

    financial authorities               EUR            188,040.95

 Other liabilities                      EUR          3,277,140.62

  Deferrals (liabilities)               EUR          3,277,140.62

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Sales                                  EUR        181,717,564.01

 Other operating income                 EUR          1,390,984.17

 Cost of materials                      EUR        135,030,710.40

  Raw materials and supplies, purchased

  goods                                 EUR        135,030,710.40

 Gross result (+/-)                     EUR         48,077,837.78

 Staff expenses                         EUR         15,505,575.27

  Wages and salaries                    EUR         12,661,321.36

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          2,844,253.91

 Total depreciation                     EUR          1,392,839.14

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR          1,392,839.14

 Other operating expenses               EUR         23,008,897.13

 Operating result from continuing

 operations                             EUR          8,170,526.24

 Interest result (+/-)                  EUR           -558,526.24

  Interest and similar income           EUR            124,019.21

  Interest and similar expenses         EUR            682,545.45

   thereof paid to related companies    EUR            360,052.00

 Financial result (+/-)                 EUR           -558,526.24

 Result from ordinary operations (+/-)  EUR          7,612,000.00

 Expenses for transfer of profits to a

 parent company                         EUR          7,612,000.00

 Annual surplus / annual deficit        EUR                  0.00

 

Type of balance

sheet:               Company balance sheet

Origin of the present

balance sheet:       electronic German Federal Gazette

 

Financial year:      01.01.2015 - 31.12.2015

 

ASSETS                                  EUR         65,236,167.40

 Fixed assets                           EUR          9,774,480.08

  Intangible assets                     EUR          2,664,817.91

   Concessions, licences, rights        EUR             16,817.91

   Customer base                        EUR          2,648,000.00

  Tangible assets                       EUR          3,558,121.97

   Other tangible assets / fixtures and

   fittings                             EUR          3,558,121.97

  Financial assets                      EUR          3,551,540.20

   Securities included in fixed assets  EUR            909,901.20

   Other loans                          EUR          2,641,639.00

 Current assets                         EUR         55,093,603.90

  Stocks                                EUR          9,994,375.63

   Finished goods / work in progress    EUR          9,994,375.63

  Accounts receivable                   EUR         45,098,999.93

   Trade debtors                        EUR         28,379,133.09

   Amounts due from related companies   EUR         16,483,150.22

   Other debtors and assets             EUR            236,716.62

  Liquid means                          EUR                228.34

 Remaining other assets                 EUR            368,083.42

  Accruals (assets)                     EUR            368,083.42

 

LIABILITIES                             EUR         65,236,167.40

 Shareholders' equity                   EUR            536,827.00

  Capital                               EUR             26,000.00

   Subscribed capital (share capital)   EUR             26,000.00

  Reserves                              EUR            510,827.00

   Retained earnings / revenue reserves EUR            510,827.00

 Provisions                             EUR         12,370,580.91

  Pension provisions and comparable

  provisions                            EUR          8,138,367.00

  Other / unspecified provisions        EUR          4,232,213.91

 Liabilities                            EUR         49,220,802.91

  Financial debts                       EUR         12,458,701.84

   Liabilities due to banks             EUR         12,458,701.84

  Other liabilities                     EUR         36,762,101.07

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR          2,357,037.12

   Liabilities from received advance

   payments                             EUR            875,202.47

   Liabililties due to related companiesEUR         33,017,918.62

   Unspecified other liabilities        EUR            511,942.86

    thereof liabilities from tax /

    financial authorities               EUR            277,662.97

 Other liabilities                      EUR          3,107,956.58

  Deferrals (liabilities)               EUR          3,107,956.58

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Sales                                  EUR        188,208,082.34

 Other operating income                 EUR            945,714.82

 Cost of materials                      EUR        140,816,605.23

  Raw materials and supplies, purchased

  goods                                 EUR        140,816,605.23

 Gross result (+/-)                     EUR         48,337,191.93

 Staff expenses                         EUR         16,318,943.10

  Wages and salaries                    EUR         13,632,936.32

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          2,686,006.78

 Total depreciation                     EUR          1,441,647.47

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR          1,441,647.47

 Other operating expenses               EUR         22,395,864.80

 Operating result from continuing

 operations                             EUR          8,180,736.56

 Interest result (+/-)                  EUR           -773,957.02

  Interest and similar income           EUR             50,710.04

  Interest and similar expenses         EUR            824,667.06

   thereof paid to related companies    EUR            451,752.60

 Financial result (+/-)                 EUR           -773,957.02

 Result from ordinary operations (+/-)  EUR          7,406,779.54

 Expenses for transfer of profits to a

 parent company                         EUR          7,406,779.54

 Annual surplus / annual deficit        EUR                  0.00


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 67.77

UK Pound

1

INR 89.96

Euro

1

INR 78.86

Euro

1

INR 79.18

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRA

 

 

Report Prepared by :

SYL

                                                


 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.