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MIRA INFORM REPORT
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Report No. : |
493512 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
GLATT GESELLSCHAFT MIT BESCHRÄNKTER
HAFTUNG |
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Registered Office : |
Werner-Glatt-Str. 1, D 79589 Binzen |
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Country : |
Germany |
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Financials (as on) : |
2017 [Summarized] |
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Date of Incorporation : |
01.01.1954 |
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Com. Reg. No.: |
HRB 410707 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Manufacture of non-domestic cooling and ventilation equipment ·
Wholesale of other machinery, equipment
and supplies · Engineering activities in the field of technical sectoral planning and engineering design |
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No. of Employees : |
416 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms
and Europe's largest - is a leading exporter of machinery, vehicles, chemicals,
and household equipment and benefits from a highly skilled labor force. Like
its Western European neighbors, Germany faces significant demographic
challenges to sustained long-term growth. Low fertility rates and a large
increase in net immigration are increasing pressure on the country's social
welfare system and necessitate structural reforms.
Reforms launched by the government of Chancellor Gerhard SCHROEDER
(1998-2005), deemed necessary to address chronically high unemployment and low average
growth, contributed to strong growth and falling unemployment. These advances,
as well as a government subsidized, reduced working hour scheme, help explain
the relatively modest increase in unemployment during the 2008-09 recession -
the deepest since World War II. The German Government introduced a minimum wage
in 2015 that increased to $9.79 (8.84 euros) in January 2017.
Stimulus and stabilization efforts initiated in 2008 and 2009 and tax
cuts introduced in Chancellor Angela MERKEL's second term increased Germany's
total budget deficit - including federal, state, and municipal - to 4.1% in
2010, but slower spending and higher tax revenues reduced the deficit to 0.8%
in 2011 and in 2017 Germany reached a budget surplus of 0.7%. A constitutional
amendment approved in 2009 limits the federal government to structural deficits
of no more than 0.35% of GDP per annum as of 2016, though the target was
already reached in 2012.
The German economy suffers from low levels of investment, and a
government plan to invest 15 billion euros during 2016-18, largely in
infrastructure, is intended to spur needed private investment. Following the
March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in
May 2011 that eight of the country's 17 nuclear reactors would be shut down
immediately and the remaining plants would close by 2022. Germany plans to
replace nuclear power largely with renewable energy, which accounted for 29.5%
of gross electricity consumption in 2016, up from 9% in 2000. Before the
shutdown of the eight reactors, Germany relied on nuclear power for 23% of its
electricity generating capacity and 46% of its base-load electricity
production. Domestic consumption, bolstered by low energy prices and a weak
euro, and exports are likely to drive German GDP growth again in 2018.
|
Source
: CIA |
company name
& address
GLATT GESELLSCHAFT MIT BESCHRÄNKTER
HAFTUNG
Company Status: active
Werner-Glatt-Str. 1
D 79589 Binzen
Telephone:07621/664-0
Telefax:
07621/664-603
Homepage: www.glatt.com
E-mail:
info@glatt.de
VAT
no.: DE142393270
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 01.01.1954
Shareholders'
agreement: 01.01.1954
Registered on: 28.12.1977
Commercial Register: Local court 79098
Freiburg
under:
HRB 410707
Share capital: EUR 5,000,000.00
Shareholder:
Martina Nowak
D 79539 Lörrach
born: 07.07.1956
née: Glatt
deceased: 01.07.2015
Share: EUR 4,500,000.00
Shareholder:
Bianca Nowak
St. Johann-Vorstadt 6
CH 4056 Basel
born: 04.08.1979
Share: EUR 125,000.00
Shareholder:
Mirko Oliver Nowak
Im Schlattgarten 26
D 79589 Binzen
born: 22.02.1981
Share: EUR 125,000.00
Shareholder:
Jesko Jay Nowak
Chrischonastr. 40
D 79540 Lörrach
born: 22.06.1984
Share: EUR 125,000.00
Shareholder:
Ivo Daniel Nowak
Im Schlattgarten 26
D 79589 Binzen
born: 16.01.1986
Share: EUR 125,000.00
Manager:
Reinhard Otto Adolf Nowak
D 79539 Lörrach
having sole power of
representation
born: 24.05.1950
Profession: graduate
engineer
Marital status: married
Proxy:
Werner Alfred Mück
D 79576 Weil am Rhein
authorized to jointly
represent the company
born: 29.05.1955
Proxy:
Jesko Jay Nowak
Chrischonastr. 40
D 79540 Lörrach
authorized to jointly
represent the company
born: 22.06.1984
Marital status:
unknown
Proxy:
Mirko Oliver Nowak
D 79539 Lörrach
authorized to jointly
represent the company
born: 22.02.1981
Marital status: unknown
Further functions/participations of Reinhard
Otto Adolf Nowak
(Manager)
Limited partner:
Glatt GmbH & Co.
Beteiligungsgesellschaft KG
Werner-Glatt-Str. 1
D 79589 Binzen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 107,371.33
contribution:
Share: EUR 57,980.53
Registered
on: 28.02.1979
Reg. data: 79098 Freiburg, HRA 410839
Shareholder:
Heinrich Nowak
Apparatebau GmbH
Alemannenstr. 24
D 79689 Maulburg
Legal form: Private
limited company
Share capital: EUR 95,867.23
Share: EUR 95,867.23
Registered
on: 27.01.1986
Reg. data: 79098 Freiburg, HRB 670204
Shareholder:
IPC Process-Center
Verwaltungsgesellschaft
mbH
Im Schlattgarten 26
D 79589 Binzen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 27.08.1992
Reg. data: 79098 Freiburg, HRB 412028
Shareholder:
FFF GmbH
Grunaer Weg 26
D 01277 Dresden
Legal form: Private
limited company dormant
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 03.06.2013
Reg. data: 01069 Dresden, HRB 32292
Manager:
Northstar Capital
Investment GmbH
Werner-Glatt-Str. 1
D 79589 Binzen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.04.2013
Reg. data: 79098 Freiburg, HRB 709886
Manager:
RMN Vermögensverwaltung
GmbH
Werner-Glatt-Str. 1
D 79589 Binzen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.08.2012
Reg. data: 79098 Freiburg, HRB 708852
Manager:
Werner Glatt
Vermögensverwaltung GmbH
Werner-Glatt-Str. 1
D 79589 Binzen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 31.08.2012
Reg. data:
79098 Freiburg, HRB 708855
Manager:
MaNo GmbH
Eggenweg 5
D 79540 Lörrach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 10.12.2014
Reg. data: 79098 Freiburg, HRB 712289
Manager:
Werner Glatt Investment
Verwaltung GmbH
Werner-Glatt-Str. 1
D 79589 Binzen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 04.09.2012
Reg. data: 79098 Freiburg, HRB 708864
Manager:
Glatt Ingenieurtechnik
Gesellschaft mit
beschränkter Haftung
Nordstr. 12
D 99427 Weimar
Legal form: Private limited
company
Share capital: EUR 511,291.88
Registered
on: 23.05.1991
Reg. data: 07745 Jena, HRB 102013
Manager:
Glatt Systemtechnik
Gesellschaft mit
beschränkter Haftung
Grunaer Weg 26
D 01277 Dresden
Legal form: Private
limited company
Share capital: EUR 255,645.94
Registered
on: 16.12.1991
Reg. data: 01069 Dresden, HRB 4203
Manager:
hollomet Gesellschaft mit
beschränkter
Haftung
Grunaer Weg 26
D 01277 Dresden
Legal form: Private
limited company
Share capital: EUR 51,129.19
Registered
on: 16.12.1991
Reg. data: 01069 Dresden, HRB 4204
Manager:
IPC Process-Center
Verwaltungsgesellschaft
mbH
Im Schlattgarten 26
D 79589 Binzen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 27.08.1992
Reg. data: 79098 Freiburg, HRB 412028
Manager:
FFF GmbH
Grunaer Weg 26
D 01277 Dresden
Legal form: Private
limited company dormant
Share capital: EUR 25,000.00
Registered
on: 03.06.2013
Reg. data: 01069 Dresden, HRB 32292
Proxy:
Glatt Pharmaceutical
Services Verwaltungs
GmbH
Werner-Glatt-Str. 1
D 79589 Binzen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.10.2017
Reg. data: 79098 Freiburg, HRB 717140
COMPANY HISTORY
company name and legal form
02.01.1954 - 28.12.1977 Werner Glatt
D 79589 Binzen
Unregistered commercial enterprise
BUSINESS
ACTIVITIES
Main industrial sector
2825
Manufacture of non-domestic cooling and ventilation equipment
4669
Wholesale of other machinery, equipment and supplies
71122
Engineering activities in the field of technical sectoral planning
andengineering design
BRANCHES AND
FACTORIES
Works:
GLATT Gesellschaft mit
beschränkter Haftung
D 01067 Dresden
Works:
GLATT Gesellschaft mit beschränkter
Haftung
D 35096 Weimar
PARTICIPATIONS
Limited partner:
Glatt Pharmaceutical
Services GmbH & Co. KG
Werner-Glatt-Str. 1
D 79589 Binzen
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: 06.11.2017
Local court
79098 Freiburg
HRA 705296
Shareholder:
Glatt Ingenieurtechnik
Gesellschaft mit
beschränkter Haftung
Nordstr. 12
D 99427 Weimar
Legal form: Private
limited company
Company Status: active
Share capital: EUR 511,291.88
Share: EUR 511,291.88
Reg. data: 23.05.1991
Local court
07745 Jena
HRB 102013
Shareholder:
Glatt Systemtechnik
Gesellschaft mit
beschränkter Haftung
Grunaer Weg 26
D 01277 Dresden
Legal form: Private
limited company
Company Status: active
Share capital: EUR 255,645.94
Share: EUR 255,645.94
Reg. data: 16.12.1991
Local court 01069 Dresden
HRB 4203
Shareholder:
hollomet Gesellschaft mit
beschränkter
Haftung
Grunaer Weg 26
D 01277 Dresden
Legal form: Private
limited company
Company Status: active
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Reg. data: 16.12.1991
Local court
01069 Dresden
HRB 4204
Shareholder:
MCS-RATIO Gesellschaft
mit beschränkter
Haftung
Gartenstr. 2
D 78126 Königsfeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 26.01.2001
Local court
79098 Freiburg
HRB 602596
Shareholder:
Northstar Capital Investment
GmbH
Werner-Glatt-Str. 1
D 79589 Binzen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 23.04.2013
Local court
79098 Freiburg
HRB 709886
Shareholder:
Glatt Pharmaceutical Services
Verwaltungs
GmbH
Werner-Glatt-Str. 1
D 79589 Binzen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 26.10.2017
Local court
79098 Freiburg
HRB 717140
Shareholder:
Excellence United
Marketing GmbH
Helmholtzstr. 4
D 71573 Allmersbach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 5,000.00
Reg. data: 28.08.2014
Local court 70190
Stuttgart
HRB 749971
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative
information at hand.
Balance sheet year: 2015
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 Werner-Glatt-Str. 1
D 79589 Binzen
Land register documents were not available.
BANKERS
Principal banks
COMMERZBANK, 79537 LÖRRACH
Sort. code: 68340058
BIC: COBADEFFXXX
DEUTSCHE BANK, 79503 LÖRRACH
Sort. code: 68370034
BIC:
DEUTDE6F683
Further bank
BADEN-WÜRTTEMBERGISCHE BANK, 76005 KARLSRUHE
Sort. code: 66020020
BIC: SOLADEST663
FINANCIAL FIGURES
Turnover: 2016 *EUR 60,310,000.00
2017 *EUR 60,320,000.00
Expected turnover: *EUR 60,330,000.00
further business figures:
Equipment: EUR 4,590,961.00
Ac/ts receivable: EUR 53,071,073.00
Liabilities: EUR 20,919,502.00
Employees:
416
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
BALANCE SHEETS
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 69.80
Liquidity ratio: 10.00
Return on total capital [%]: 0.10
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 72.05
Liquidity ratio: 10.00
Return on total capital [%]: 0.77
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 72.37
Liquidity ratio: 10.00
Return on total capital [%]: 8.68
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 66.90
Liquidity ratio: 10.00
Return on total capital [%]: 5.13
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: 01.01.2015 - 31.12.2015
ASSETS EUR 102,173,449.32
Fixed assets EUR 19,294,193.84
Intangible assets EUR 744,375.88
Concessions, licences, rights EUR 744,375.88
Tangible assets EUR 14,566,579.76
Land / similar rights EUR 6,360,713.13
Plant / machinery EUR 623,959.22
Other tangible assets / fixtures and
fittings EUR 4,590,960.72
Advance payments made / construction
in progress EUR 2,990,946.69
Financial assets EUR 3,983,238.20
Shares in participations /
subsidiaries and the like EUR 983,238.20
Shares in related companies EUR 978,238.20
Shares in investee companies EUR 5,000.00
Loans to participations /
subsidiaries and the like EUR 3,000,000.00
Loans to related companies EUR 3,000,000.00
Current assets EUR 82,295,681.85
Stocks
EUR 0.00
Raw materials, consumables and
supplies EUR 4,227,092.69
Finished goods / work in progress EUR
36,423,236.22
Advance payments made EUR 1,260,764.05
Minus received advance payments for
orders / installments for stocks EUR
-41,911,092.96
Accounts receivable EUR 53,071,073.00
Amounts due from shareholders EUR 39,903.91
Trade debtors EUR 12,576,776.03
Amounts due from related companies EUR
36,384,851.95
Other debtors and assets EUR 4,069,541.11
Liquid means EUR
29,224,608.85
Remaining other assets EUR 583,573.63
Accruals (assets) EUR 583,573.63
LIABILITIES EUR 102,173,449.32
Shareholders' equity EUR 71,333,179.76
Capital EUR 5,000,000.00
Subscribed capital (share capital) EUR
5,000,000.00
Reserves EUR 2,000,000.00
Retained earnings / revenue reserves
EUR 2,000,000.00
Balance sheet profit/loss (+/-) EUR 64,333,179.76
Profit / loss brought forward EUR 64,232,303.42
Annual surplus / annual deficit EUR 100,876.34
Provisions EUR 9,896,187.40
Pension provisions and comparable
provisions EUR 3,650,818.40
Provisions for taxes EUR 1,452,831.00
Other / unspecified provisions EUR 4,792,538.00
Liabilities EUR 20,919,502.16
Other liabilities EUR 20,919,502.16
Trade creditors (for IAS incl. bills
of exchange) EUR 3,123,416.56
Liabilities from received advance
payments EUR 2,598,853.87
Liabililties due to related
companiesEUR 13,914,660.71
Unspecified other liabilities EUR 1,282,571.02
thereof liabilities from tax /
financial authorities EUR 610,107.86
thereof liabilities from social
security EUR 88,355.81
Other liabilities EUR 24,580.00
Deferrals (liabilities) EUR 24,580.00
Guarantees and other commitments EUR 27,975,573.31
Guarantees / warranties EUR 21,650,212.82
Guarantees EUR 21,650,212.82
Other guarantees and other
commitmentsEUR 6,325,360.49
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 104,895,694.31
Inventory change + own costs (+/-) EUR
10,095,453.38
Inventory change (+/-) EUR 7,630,036.24
Capitalised own costs EUR 2,465,417.14
Other operating income EUR
8,317,307.70
Cost of materials EUR 63,367,837.87
Raw materials and supplies, purchased
goods EUR 56,378,561.10
Purchased services EUR 6,989,276.77
Gross result (+/-) EUR 59,940,617.52
Staff expenses EUR 30,097,523.17
Wages and salaries EUR 25,391,993.92
Social security contributions and
expenses for pension plans and
benefits EUR 4,705,529.25
Total depreciation EUR 1,689,387.29
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,689,387.29
Other operating expenses EUR 25,385,687.58
Operating result from continuing
operations EUR 2,768,019.48
Result from participating interests
(+/-) EUR 1,358,543.58
Expenses / income from participations
EUR 1,358,543.58
Income from transfer of profits EUR 1,358,543.58
Expenses for the transfer of losses EUR
787,661.32
Interest result (+/-) EUR 851,590.83
Interest and similar income EUR 1,369,310.48
thereof from related companies EUR 1,064,135.23
Interest and similar expenses EUR 517,719.65
thereof paid to related companies EUR 175,704.96
Other financial result EUR 67,500.00
Income from securities and loans from
financial assets EUR 67,500.00
Financial result (+/-) EUR 1,489,973.09
Result from ordinary operations (+/-) EUR
4,257,992.57
Income tax / refund of income tax
(+/-)EUR -4,132,223.79
Other taxes / refund of taxes EUR
-24,892.44
Tax (+/-) EUR -4,157,116.23
Annual surplus / annual deficit EUR 100,876.34
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 98,901,584.01
Fixed assets EUR 17,300,623.50
Intangible assets EUR 671,829.96
Concessions, licences, rights EUR 671,829.96
Tangible assets EUR 12,653,481.16
Land / similar rights EUR 5,642,925.62
Plant / machinery EUR 570,969.64
Other tangible assets / fixtures and
fittings EUR 3,104,691.99
Advance payments made / construction
in progress EUR 3,334,893.91
Financial assets EUR 3,975,312.38
Shares in participations /
subsidiaries and the like EUR 975,312.38
Shares in related companies EUR 970,312.38
Shares in investee companies EUR 5,000.00
Loans to participations /
subsidiaries and the like EUR 3,000,000.00
Loans to related companies EUR 3,000,000.00
Current assets EUR
80,896,419.12
Stocks EUR 409,744.34
Raw materials, consumables and
supplies EUR 3,786,634.59
Finished goods / work in progress EUR
29,093,419.67
Advance payments made EUR 1,256,905.03
Minus received advance payments for
orders / installments for stocks EUR
-33,727,214.95
Accounts receivable EUR 64,924,124.68
Trade debtors EUR 10,648,575.44
Amounts due from related companies EUR
38,958,768.81
Other debtors and assets EUR 15,316,780.43
Liquid means EUR 15,562,550.10
Remaining other assets EUR 704,541.39
Accruals (assets) EUR 704,541.39
LIABILITIES EUR 98,901,584.01
Shareholders' equity EUR 71,232,303.42
Capital EUR 5,000,000.00
Subscribed capital (share capital) EUR
5,000,000.00
Reserves EUR 2,000,000.00
Retained earnings / revenue reserves
EUR 2,000,000.00
Balance sheet profit/loss (+/-) EUR 64,232,303.42
Profit / loss brought forward EUR 63,471,960.09
Annual surplus / annual deficit EUR 760,343.33
Provisions EUR 9,036,093.07
Pension provisions and comparable
provisions EUR 2,771,715.07
Other / unspecified provisions EUR 6,264,378.00
Liabilities EUR 18,623,757.52
Other liabilities EUR 18,623,757.52
Trade creditors (for IAS incl. bills
of exchange) EUR 2,640,144.48
Liabilities due to shareholders EUR 26,615.32
Liabililties due to related
companiesEUR 12,895,627.75
Unspecified other liabilities EUR 3,061,369.97
thereof liabilities from tax /
financial authorities EUR 432,509.63
thereof liabilities from social
security EUR 105,860.27
Other liabilities EUR 9,430.00
Deferrals (liabilities) EUR 9,430.00
Guarantees and other commitments EUR 11,682,302.46
Guarantees / warranties EUR 2,357,934.50
Warranties EUR 2,357,934.50
Other guarantees and other
commitmentsEUR 9,324,367.96
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 93,967,420.96
Inventory change + own costs (+/-) EUR 8,567,273.58
Inventory change (+/-) EUR 7,475,168.00
Capitalised own costs EUR 1,092,105.58
Other operating income EUR 3,809,015.47
Cost of materials EUR 57,441,506.88
Raw materials and supplies, purchased
goods EUR 50,656,812.46
Purchased services EUR 6,784,694.42
Gross result (+/-) EUR 48,902,203.13
Staff expenses EUR 29,948,903.94
Wages and salaries EUR 24,814,527.53
Social security contributions and
expenses for pension plans and
benefits EUR 5,134,376.41
Total depreciation EUR 1,568,841.96
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,568,841.96
Other operating expenses EUR 15,776,111.45
Operating result from continuing
operations EUR 1,608,345.78
Expenses for the transfer of losses EUR 233,793.59
Interest result (+/-) EUR 1,014,356.70
Interest and similar income EUR 1,373,157.59
thereof from related companies EUR 1,150,032.19
Interest and similar expenses EUR 358,800.89
thereof paid to related companies EUR 195,902.43
Other financial result EUR 67,531.23
Income from securities and loans from
financial assets EUR 67,531.23
Financial result (+/-) EUR 848,094.34
Result from ordinary operations (+/-) EUR
2,456,440.12
Income tax / refund of income tax
(+/-)EUR -1,669,119.50
Other taxes / refund of taxes EUR -26,977.29
Tax (+/-) EUR -1,696,096.79
Annual surplus / annual deficit EUR 760,343.33
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.10 |
|
|
1 |
INR 90.45 |
|
Euro |
1 |
INR 79.59 |
|
EUR |
1 |
INR 79.50 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.