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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

498063

Report Date :

21.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SCHOLZ RECYCLING GMBH

 

 

Registered Office :

Berndt-Ulrich-Scholz-Str. 1, D 73457 Essingen, Post Box: 52, D 73455 Essingen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2015

 

 

Date of Incorporation :

1992

 

 

Com. Reg. No.:

HRB 733963

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Treatment and disposal of non-hazardous waste

·         Treatment and disposal of hazardous waste

·         Recovery of sorted materials

·         Remediation activities and other waste management services

 

 

No. of Employees :

1,177

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

C

 

Credit Rating

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Exist

 

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

(30.09.2017)

Current Rating

(31.12.2017)

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:           Scholz Recycling GmbH

 

Company Status:      active

Berndt-Ulrich-Scholz-Str. 1

D 73457 Essingen

Post Box:

52, D 73455 Essingen

Telephone:07365/840

Telefax:  07365/1481

Homepage: www.scholz-recycling.de

E-mail:   info@scholz-recycling.de

VAT no.:             DE175369200

Tax ID number:       50079/40719

 

 

Company summery

 

LEGAL FORM                Private limited company

Date of foundation:       1992

Shareholders'

agreement:                    12.08.2016

Registered on:               24.08.2016

Commercial Register:    Local court 89073 Ulm

under:                            HRB 733963

 

Share capital:                          EUR        100,000,010.00

 

Shareholder:

                     Chiho Renewable International Holding Ltd.

                     HK . Hong Kong

                     Legal form: Other legal form

                     Share:             EUR         80,000,000.00

Shareholder:

                     Scholze Holding GmbH

                     Gutenbergstr. 18

                     D 70771 Leinfelden-Echterdingen

                     Legal form: Private limited company

                     insolvent

                     Share capital:     EUR          1,400,000.00

                     Share:             EUR         20,000,010.00

                     Registered on: 17.09.2002

                     Reg. data: 70190 Stuttgart, HRB 225479

    Negative remark(s) regarding

                     Scholze Holding GmbH

 

                     Insolvency Proceedings

 

                     Local court           : 73728 Esslingen

 

                     Insolvency

                     administrator         : Dipl.-Kfm. Patrick

                                             Wahren

                                             Königstr. 18

                                             D 70173 Stuttgart

 

                     File No               : 1 IN 11/14

                     Application        of : 21.01.2014

 

                     Restraint on alienation

                     - passed           on : 21.01.2014

 

                     Order of institution

                                        of : 08.04.2014

                     Claims to be filed by : 02.06.2014

                     Creditors' meeting

                     - Date for pres. of

                       report           on : 26.06.2014

                     - Date of hearing  on : 26.06.2014

 

Manager:

                     Dr. Gerd Hähne

                     Berbisdorfer Hauptstr. 24

                     D 01471 Radeburg

                     born: 28.09.1957

Manager:

                     Mike Volker Greulich

                     D 73430 Aalen

                     authorized to jointly represent the company

                     born: 21.09.1971

Manager:

                     Jochen Fischer

                     D 40667 Meerbusch

                     born: 10.05.1961

Manager:

                     Qin Yongming

                     RC  Tianjin

                     born: 16.06.1963

                     Nationality: Chinese

Manager:

                     Kian Guan Goh

                     SGP  Singapur

                     born: 17.10.1976

                     Nationality: Singaporean

Manager:

                     Dr. Klaus-Bernward Hauschulte

                     D 80336 München

                     born: 13.11.1966

Proxy:

                     Mike Candido Sommerer

                     Güldengossaer Str. 3

                     D 04288 Leipzig

                     authorized to jointly represent the company

                     born: 13.01.1963

                     Profession: Businessman

Proxy:

                     Andreas Espenhain

                     D 08543 Pöhl

                     authorized to jointly represent the company

                     born: 21.04.1954

                     Profession: graduate engineer

Proxy:

                     Rüdiger Mehlhorn

                     D 07743 Jena

                     authorized to jointly represent the company

                     born: 08.03.1963

                     Profession: graduate engineer

Proxy:

                     Raimund Siegbert Doneit

                     Hubäckerstr. 19

                     D 73529 Schwäbisch Gmünd

                     authorized to jointly represent the company

                     born: 13.12.1954

Proxy:

                     Siegfried Peter Wick

                     Ginsterweg 8

                     D 73457 Essingen

                     authorized to jointly represent the company

                     born: 27.01.1957

Proxy:

                     Josef Alfred Thönes

                     Johann-Glatt-Str. 1

                     D 78333 Stockach

                     authorized to jointly represent the company

                     born: 28.02.1967

Proxy:

                     Holger Hänisch

                     Zschortauer Str. 68

                     D 04129 Leipzig

                     authorized to jointly represent the company

                     born: 15.11.1968

Proxy:

                     Dr. Andreas Riese

                     D 83364 Schwarzenberg

                     authorized to jointly represent the company

                     born: 24.10.1961

Proxy:

                     Axel Müller

                     D 90518 Altdorf

                     authorized to jointly represent the company

                     born: 02.03.1966

                     Profession: Businessman

Proxy:

                     Jürgen Geis

                     D 97246 Eibelstadt

                     authorized to jointly represent the company

                     born: 30.05.1963

Proxy:

                     Marc Breidenbach

                     Hombecker Weg 20

                     D 44793 Bochum

                     authorized to jointly represent the company

                     born: 10.08.1983

Proxy:

                     Thomas Grötzinger

                     Kirschenweg 32

                     D 73457 Essingen

                     authorized to jointly represent the company

                     born: 18.07.1971

Proxy:

                     Heinz-Peter Kluge

                     D 14793 Buckautal

                     authorized to jointly represent the company

                     born: 27.10.1960

Proxy:

                     Burkhard Bachmann

                     D 73457 Essingen

                     authorized to jointly represent the company

                     born: 21.10.1973

Proxy:

                     Andrea Marx

                     D 70173 Stuttgart

                     authorized to jointly represent the company

                     born: 05.06.1974

Proxy:

                     Bertram Löhrke

                     D 01847 Lohmen

                     authorized to jointly represent the company

                     born: 07.02.1952

Proxy:

                     Timo Robert Sauerwald

                     D 35683 Dillenburg

                     authorized to jointly represent the company

                     born: 12.02.1972

Proxy:

                     Marc Alexander Schott

                     D 78126 Königsfeld

                     authorized to jointly represent the company

                     born: 18.01.1973

Proxy:

                     Kay Gessner

                     D 73430 Aalen

                     authorized to jointly represent the company

                     born: 22.10.1978

Proxy:

                     Tobias Maier

                     D 77716 Haslach

                     authorized to jointly represent the company

                     born: 17.09.1985

Proxy:

                     Ronny Braasch

                     Albrecht-Dürer-Allee 4a

                     D 41569 Rommerskirchen

                     authorized to jointly represent the company

                     born: 23.06.1975

Proxy:

                     Jan Hülsmann

                     D 47441 Moers

                     authorized to jointly represent the company

                     born: 27.02.1984

Proxy:

                     Christoph Hösl

                     D 60306 Frankfurt

                     authorized to jointly represent the company

                     born: 28.10.1972

Proxy:

                     Nadeschda Rerich

                     D 47051 Duisburg

                     authorized to jointly represent the company

                     born: 08.04.1961

Proxy:

                     Achim Fetzer

                     D 89542 Herbrechtingen

                     authorized to jointly represent the company

                     born: 02.05.1983

Proxy:

                     Matthias Weiß

                     D 73486 Adelmannsfelden

                     authorized to jointly represent the company

                     born: 09.12.1979

Proxy:

                     Markus Maier

                     D 73457 Essingen

                     authorized to jointly represent the company

                     born: 01.10.1982

 

Further functions/participations of Dr. Gerd Hähne (Manager)

Shareholder:

                     Entsorgungszentrum GmbH Lauchhammer

                     Am Werk 10

                     D 01979 Lauchhammer

                     Legal form: Private limited company

                     Share capital:     EUR             55,000.00

                     Share:             EUR              8,800.00

                     Registered

                     on:         07.02.1994

                     Reg. data:  03044 Cottbus, HRB 3064 CB

Manager:

                     H. I. P. Entsorgungs- und

                     Beförderungstechnik GmbH

                     Stahnsdorfer Str. 32

                     D 14513 Teltow

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             77,716.37

                     Registered

                     on:         03.01.1992

                     Reg. data:  14467 Potsdam, HRB 2453 P

Manager:

                     Rohstoff-Recycling Verwaltung GmbH

                     Bahnhofstr. 38

                     D 01979 Lauchhammer

                     Legal form: Private limited company

                     Share capital:     EUR            520,000.00

                     Registered

                     on:         05.08.1993

                     Reg. data:  03044 Cottbus, HRB 2641 CB

Manager:

                     Entsorgungszentrum GmbH Lauchhammer

                     Am Werk 10

                     D 01979 Lauchhammer

                     Legal form: Private limited company

                     Share capital:     EUR             55,000.00

                     Registered

                     on:         07.02.1994

                     Reg. data:  03044 Cottbus, HRB 3064 CB

Manager:

                     EKO Schrottrecycling GmbH

                     Straße 14 , Nr. 3

                     D 15890 Eisenhüttenstadt

                     Legal form: Private limited company

                     Share capital:     EUR          2,250,000.00

                     Registered

                     on:         14.01.2008

                     Reg. data:  15236 Frankfurt, HRB 11653 FF

 

Further functions/participations of Mike Volker Greulich

(Manager)

Manager:

                     SIV Immobilien Verwaltungs- GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         20.02.2006

                     Reg. data:  89073 Ulm, HRB 501682

Manager:

                     Scholz Holding GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Post Box:

                     52, D 73455 Essingen

                     Legal form: Private limited company

                     Share capital:     EUR         50,000,002.00

                     Registered

                     on:         22.05.2014

                     Reg. data:  89073 Ulm, HRB 730756

Proxy:

                     Scholz Management Service GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         05.03.2018

                     Reg. data:  89073 Ulm, HRB 736416

 

Further functions/participations of Jochen Fischer (Manager)

Manager:

                     Scholz International Holding GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Share capital:     EUR         10,000,000.00

                     Registered

                     on:         02.07.2014

                     Reg. data:  89073 Ulm, HRB 730898

Manager:

                     Scholz Management Service GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         05.03.2018

                     Reg. data:  89073 Ulm, HRB 736416

 

Further functions/participations of Qin Yongming (Manager)

Manager:

                     Scholz International Holding GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Share capital:     EUR         10,000,000.00

                     Registered

                     on:         02.07.2014

                     Reg. data:  89073 Ulm, HRB 730898

Manager:

                     Scholz Recycling Beteiligungs GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         11.09.2014

                     Reg. data:  89073 Ulm, HRB 731170

 

Further functions/participations of Kian Guan Goh (Manager)

Manager:

                     Scholz Holding GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Post Box:

                     52, D 73455 Essingen

                     Legal form: Private limited company

                     Share capital:     EUR         50,000,002.00

                     Registered

                     on:         22.05.2014

                     Reg. data:  89073 Ulm, HRB 730756

 

 

COMPANY HISTORY

 

company name and legal form

27.11.2014 - 24.08.2016  Scholz Recycling GmbH & Co. KG

                         Berndt-Ulrich-Scholz-Str. 1

                         D 73457 Essingen

                         Ltd partnership with priv. ltd. company

                         as general partner

26.06.2014 - 27.11.2014  Scholz Recycling GmbH & Co. KG

                         Beim Bahnhof 1-20

                         D 73457 Essingen

                         Ltd partnership with priv. ltd. company

                         as general partner

09.08.2008 - 26.06.2014  Scholz Recycling AG & Co. KG

                         Beim Bahnhof 1-20

                         D 73457 Essingen

                         Limited partnership with public limited

                         company as gen. part

21.01.2003 - 08.08.2008  Scholz Recycling GmbH

                         Zschortauer Str. 68

                         D 04129 Leipzig

                         Private limited company

26.11.2001 - 21.01.2003  Scholz Recycling GmbH

                         Hoyerswerdaer Str. 32

                         D 02625 Bautzen

                         Private limited company

13.11.1997 - 25.11.2001  Lausitzer Metallverwertung und Recycling

                         GmbH (LMR) (HRB 15692 AG Dresden)

                         Hoyerswerdaer Str. 32

                         D 02625 Bautzen

                         Private limited company

07.1994 - 12.11.1997     Lausitzer Metallverwertung und Recycling

                         GmbH (LMR) Senftenberg

                         D 03116 Greifenhain

                         Private limited company

14.12.1992 - 06.1994     Lausitzer Metallverwertung und Recycling

                         GmbH (LMR) (AG Cottbus, HRB 2378)

                         Knappenstr. 1

                         D 01968 Senftenberg

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

30.01.2017 - 18.12.2017  Manager

                         Kai Lohmann

                         D 74072 Heilbronn

04.10.2016 - 28.04.2017  Manager

                         Martin Billhardt

                         N Tolvsrod

26.08.2016 - 20.01.2017  Manager

                         Oliver Scholz

                         Mauerstr. 42

                         D 73430 Aalen

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

3821    Treatment and disposal of non-hazardous waste

3822    Treatment and disposal of hazardous waste

38320   Recovery of sorted materials

3900    Remediation activities and other waste management services

 

 

BRANCHES AND FACTORIES

 

Works:

                     Scholz Recycling GmbH

                     Senftenberger Str. 6

                     D 03205 Calau

                     TEL.: 03541/2897

                     FAX.: 03541/2897

Works:

                     Scholz Recycling GmbH

                     Am Stahlwerk 12

                     D 01609 Gröditz

                     TEL.: 035263/64166

                     FAX.: 035263/64168

Works:

                     Scholz Recycling GmbH

                     Friemarer Str.

                     D 99867 Gotha

Works:

                     Scholz Recycling GmbH

                     Alte Dorfstr. 28

                     D 14542 Werder

                     TEL.: 033207/3690

                     FAX.: 033207/36990

Works:

                     Scholz Recycling GmbH

                     August-Conrad-Str. 43

                     D 16761 Hennigsdorf

                     TEL.: 03302/79120-50

                     FAX.: 03302/79120-29

Works:

                     Scholz Recycling GmbH

                     Donaliesstr. 17

                     D 06712 Zeitz

                     TEL.: 03441/219805

Works:

                     Scholz Recycling GmbH

                     Ellerstr. 141

                     D 40721 Hilden

                     TEL.: 02103/907190

Works:

                     Scholz Recycling GmbH

                     Justus-von-Liebig-Str. 15

                     D 73529 Schwäbisch Gmünd

Works:

                     Scholz Recycling GmbH

                     Alemannenstr. 4

                     D 84130 Dingolfing

                     TEL.: 08731/325670

                     FAX.: 08731/3949956

Works:

                     Scholz Recycling GmbH

                     Ichtershäuser Str. 57

                     D 99310 Arnstadt

                     TEL.: 03628/93010

Branch:

                     Scholz Recycling GmbH

                     Straße B 22

                     D 02991 Lauta

                     TEL.: 035722/360-0+36017

                     FAX.: 035722/36017

Branch:

                     Scholz Recycling GmbH

                     Paul-Greifzu-Str. 8a

                     D 01591 Riesa

                     TEL.: 03525/731425

                     FAX.: 03525/730190

Branch:

                     Scholz Recycling GmbH

                     An der Heide 1-4

                     D 03130 Spremberg

                     TEL.: 03564/31350

                     FAX.: 03564/31351

Branch:

                     Scholz Recycling GmbH

                     Am Bahnhof 3 OT Grünstädtl

                     D 08340 Schwarzenberg

                     TEL.: 03774/840518

                     FAX.: 03774/840519

Branch:

                     Scholz Recycling GmbH

                     An der Eisenbahn 4

                     D 01099 Dresden

                     TEL.: 0351/828290

                     FAX.: 0351/8282915

Branch:

                     Scholz Recycling GmbH

                     Bregenzer Str.

                     D 03130 Spremberg

                     TEL.: 03563/2998

                     FAX.: 03563/2998

Branch:

                     Scholz Recycling GmbH

                     Brunnenstr. 11

                     D 02826 Görlitz

                     TEL.: 03581/331219

Branch:

                     Scholz Recycling GmbH

                     Magdeburger Str. 58

                     D 01067 Dresden

                     TEL.: 0351/498228180

                     FAX.: 0351/498228185

Branch:

                     Scholz Recycling GmbH

                     Hauptstr. 92

                     D 02899 Ostritz

Branch:

                     Scholz Recycling GmbH

                     Am Dreistein

                     D 01945 Ruhland

Branch:

                     Scholz Recycling GmbH

                     Am Wasserturm 3

                     D 04860 Torgau

                     TEL.: 03421/90359-3

                     FAX.: 03421/90359-5

Branch:

                     Scholz Recycling GmbH

                     Pirnaer Landstr. 274

                     D 01259 Dresden

                     TEL.: 0351/2076161

                     FAX.: 0351/2076162

Branch:

                     Scholz Recycling GmbH

                     An der Eisenbahn

                     D 15711 Königs Wusterhausen

                     TEL.: 03375-671210

Branch:

                     Scholz Recycling GmbH

                     Geibeltstr.

                     D 01796 Pirna

Branch:

                     Scholz Recycling GmbH

                     Am Silberberg 2

                     D 07333 Unterwellenborn

                     TEL.: 03671/672502

Branch:

                     Scholz Recycling GmbH

                     Bahnhofstr. 38a

                     D 01979 Lauchhammer

                     TEL.: 03574/87020

                     FAX.: 03574/870255

Branch:

                     Scholz Recycling GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 04579 Espenhain

                     TEL.: 034206/614-0

                     FAX.: 034206/614-14

Branch:

                     Scholz Recycling GmbH

                     Kopernikusstr. 62

                     D 08056 Zwickau

                     TEL.: 0375/27900

                     FAX.: 0375/2790130

Branch:

                     Scholz Recycling GmbH

                     Eichrodter Weg 47a

                     D 99817 Eisenach

                     TEL.: 03691/2914-0

                     FAX.: 03691/2914-16

Branch:

                     Scholz Recycling GmbH

                     D 04687 Trebsen

Branch:

                     Scholz Recycling GmbH

                     D 04668 Grimma

Branch:

                     Scholz Recycling GmbH

                     Mittelfeldstr. 91

                     D 06217 Merseburg

                     TEL.: 03461/525121

Branch:

                     Scholz Recycling GmbH

                     Uhlestr. 20

                     D 09120 Chemnitz

                     TEL.: 0371/53945512

                     FAX.: 0371/50569

Branch:

                     Scholz Recycling GmbH

                     Stotternheimer Str. 45

                     D 99086 Erfurt

                     TEL.: 0361/7395-3

                     FAX.: 0361/7395-419

Branch:

                     Scholz Recycling GmbH

                     Löbstedter Str. 53

                     D 07749 Jena

                     TEL.: 03641/309295

Branch:

                     Scholz Recycling GmbH

                     Am Bahnhof 66

                     D 07580 Gauern

                     TEL.: 036608/2323,20739

Branch:

                     Scholz Recycling GmbH

                     Ortsstr. 34 Aue am Berg

                     D 07318 Saalfeld

                     TEL.: 03671/57310

                     FAX.: 03671/573118

Branch:

                     Scholz Recycling GmbH

                     Bahnhofstr.

                     D 07381 Pößneck

                     TEL.: 03647/412834

                     FAX.: 03647/449084

Branch:

                     Scholz Recycling GmbH

                     Lahnuferstr. 13-21

                     D 57334 Bad Laasphe

                     TEL.: 02752/473300

                     FAX.: 02752/473333

Branch:

                     Scholz Recycling GmbH

                     Gutenbergstr. 6

                     D 96450 Coburg

                     TEL.: 09561/55190

                     FAX.: 09561/551919

Branch:

                     Scholz Recycling GmbH

                     Zschortauer Str. 68

                     D 04129 Leipzig

                     TEL.: 0341/46360

                     FAX.: 0341/4636222

Branch:

                     Scholz Recycling GmbH

                     Siemensstr. 11-13

                     D 42551 Velbert

                     TEL.: 02051/24277

Branch:

                     Scholz Recycling GmbH

                     Hauptstr. 2

                     D 74427 Fichtenberg

                     TEL.: 07971/95250

                     FAX.: 07971/952519

Branch:

                     Scholz Recycling GmbH

                     Eschachweg 2-4

                     D 89264 Weißenhorn

Branch:

                     Scholz Recycling GmbH

                     An der Irler Höhe 6a

                     D 93055 Regensburg

                     TEL.: 0941/797604-0

                     FAX.: 0941/795258

Branch:

                     Scholz Recycling GmbH

                     Industriestr. 4

                     D 90765 Fürth

                     TEL.: 0911/30607-0

                     FAX.: 0911/30607-20

Branch:

                     Scholz Recycling GmbH

                     Am Förderturm 30

                     D 45472 Mülheim

                     TEL.: 0208/780330

                     FAX.: 0208/478937

Branch:

                     Scholz Recycling GmbH

                     Würzburger Str. 101

                     D 90427 Nürnberg

                     TEL.: 0911/9360372

Branch:

                     Scholz Recycling GmbH

                     Otto-Hahn-Str. 13

                     D 41515 Grevenbroich

                     TEL.: 02181/49527800

                     FAX.: 02181/49527819

Branch:

                     Scholz Recycling GmbH

                     Otto-Brenner-Str. 8

                     D 21337 Lüneburg

                     TEL.: 04131/951213

Branch:

                     Scholz Recycling GmbH

                     Westhafenstr. 1

                     D 13353 Berlin

                     TEL.: 030/39744492

                     FAX.: 030/39744791

Branch:

                     Scholz Recycling GmbH

                     Horneckerweg 25

                     D 90408 Nürnberg

                     TEL.: 0911/350570

Branch:

                     Scholz Recycling GmbH

                     Niederwettersche Str. 4

                     D 35094 Lahntal

                     TEL.: 06423/92860

Branch:

                     Scholz Recycling GmbH

                     Friedrich-Engels-Str. 3

                     D 99974 Mühlhausen

                     TEL.: 03601/813102

                     FAX.: 03601/889943

Branch:

                     Scholz Recycling GmbH

                     Bahnhofstr. 26

                     D 99991 Großengottern

Branch:

                     Scholz Recycling GmbH

                     Gessentalstr. 5a

                     D 07551 Gera

                     TEL.: 0365/32002

                     FAX.: 0365/32024

Branch:

                     Scholz Recycling GmbH

                     Leuchtsmühlenweg 32

                     D 08523 Plauen

                     TEL.: 03741/70070

                     FAX.: 03741/700770

 

 

PARTICIPATIONS

 

Limited partner:

                     Rohstoffverwertung Gröger GmbH & Co. KG

                     Siemensstr. 1-3

                     D 89312 Günzburg

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Company Status: active

                     Total cap.         EUR            240,000.00

                     contribution:

                     Share:             EUR            120,000.00

                     Reg. data:  25.06.1980

                                 Local court 87700 Memmingen

                                 HRA 1859

Limited partner:

                     Eisenbahn-Handels- Gesellschaft mbH & Co. KG

                     Berndt-Ulrich-Scholz-Str. 1

                     D 04571 Rötha

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Company Status: active

                     Total cap.         EUR             20,000.00

                     contribution:

                     Share:             EUR             10,000.00

                     Reg. data:  01.08.2011

                                 Local court 04275 Leipzig

                                 HRA 16412

Shareholder:

                     Scholz Edelstahl GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Post Box:

                     26

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR         10,000,000.00

                     Share:             EUR         10,000,000.00

                     Reg. data:  08.03.1991

                                 Local court 89073 Ulm

                                 HRB 500761

Shareholder:

                     Scholz International Holding GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR         10,000,000.00

                     Share:             EUR         10,000,000.00

                     Reg. data:  02.07.2014

                                 Local court 89073 Ulm

                                 HRB 730898

Shareholder:

                     Metallaufbereitung Zwickau GmbH

                     Karl-Heine-Str. 64

                     D 04229 Leipzig

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR          5,000,000.00

                     Share:             EUR          5,000,000.00

                     Reg. data:  02.10.2003

                                 Local court 04275 Leipzig

                                 HRB 20070

Shareholder:

                     Schrott- und Metallhandel M. Kaatsch GmbH

                     Am Nordseekai 8

                     D 73207 Plochingen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR          3,000,000.00

                     Share:             EUR          2,250,000.00

                     Reg. data:  15.07.1963

                                 Local court 70190 Stuttgart

                                 HRB 210181

Shareholder:

                     EKO Schrottrecycling GmbH

                     Straße 14 , Nr. 3

                     D 15890 Eisenhüttenstadt

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR          2,250,000.00

                     Share:             EUR          1,125,000.00

                     Reg. data:  14.01.2008

                                 Local court 15236 Frankfurt

                                 HRB 11653 FF

Shareholder:

                     SRW metalfloat GmbH

                     Berndt-Ulrich-Scholz-Str. 1 OT

                     Espenhain

                     D 04571 Rötha

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR          1,000,000.00

                     Share:             EUR          1,000,000.00

                     Reg. data:  03.09.2012

                                 Local court 04275 Leipzig

                                 HRB 28610

Shareholder:

                     Scholz Internationale Handelsgesellschaft

                     mbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            511,291.88

                     Share:             EUR            511,291.88

                     Reg. data:  29.06.1981

                                 Local court 89073 Ulm

                                 HRB 500411

Shareholder:

                     MRR Mitteldeutsche Rohstoff- Recycling GmbH

                     Antonienstr. 7

                     D 06749 Bitterfeld-Wolfen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            800,000.00

                     Share:             EUR            800,000.00

                     Reg. data:  08.02.1991

                                 Local court 39576 Stendal

                                 HRB 201565

Shareholder:

                     Rohstoff-Recycling Verwaltung GmbH

                     Bahnhofstr. 38

                     D 01979 Lauchhammer

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            520,000.00

                     Share:             EUR            520,000.00

                     Reg. data:  05.08.1993

                                 Local court 03044 Cottbus

                                 HRB 2641 CB

Shareholder:

                     Shredderwerk Herbertingen Gesellschaft mbH

                     Eisenbahnstr. 7

                     D 88518 Herbertingen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            511,291.88

                     Share:             EUR            127,822.97

                     Reg. data:  08.08.1983

                                 Local court 89073 Ulm

                                 HRB 560261

Shareholder:

                     Speicherei Stuttgart GmbH

                     Am Westkai 15

                     D 70327 Stuttgart

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            500,000.00

                     Share:             EUR            250,000.00

                     Reg. data:  07.01.1994

                                 Local court 70190 Stuttgart

                                 HRB 16256

Shareholder:

                     Prometall GmbH

                     Esslinger Str. 4

                     D 70736 Fellbach

                     Post Box:

                     20 25

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            500,000.00

                     Share:             EUR            153,704.00

                     Reg. data:  16.02.1984

                                 Local court 70190 Stuttgart

                                 HRB 10835

Shareholder:

                     Fegert Recycling GmbH

                     Gröperstr. 3

                     D 39124 Magdeburg

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             84,000.00

                     Share:             EUR             84,000.00

                     Reg. data:  01.07.1991

                                 Local court 39576 Stendal

                                 HRB 102079

Shareholder:

                     Transfer Handelsgesellschaft mbH

                     Bleicherstr. 16

                     D 78467 Konstanz

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            124,000.00

                     Share:             EUR             60,760.00

                     Reg. data:  24.06.2008

                                 Local court 79098 Freiburg

                                 HRB 702480

Shareholder:

                     Scholz E-Recycling Nürnberg GmbH

                     Antwerpener Str. 19a

                     D 90451 Nürnberg

                     Legal form: Private limited company

                     Company Status: insolvent

                     since:          28.08.2014

                     Share capital:     EUR            104,000.00

                     Share:             EUR             52,000.00

                     Reg. data:  10.08.1999

                                 Local court 90402 Nürnberg

                                 HRB 16495

Shareholder:

                     Geweniger Recycling GmbH

                     Bismarckring 2

                     D 04610 Meuselwitz

                     Post Box:

                     339

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            100,000.00

                     Share:             EUR             50,000.00

                     Reg. data:  25.03.1993

                                 Local court 07745 Jena

                                 HRB 203073

Shareholder:

                     Scholz Industrieservice GmbH

                     Am Flugplatz 2

                     D 73540 Heubach

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             50,000.00

                     Share:             EUR             50,000.00

                     Reg. data:  13.02.2004

                                 Local court 89073 Ulm

                                 HRB 501546

Shareholder:

                     EHG Verwaltungs-GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 04579 Espenhain

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             39,900.00

                     Share:             EUR             39,900.00

                     Reg. data:  13.04.2006

                                 Local court 04275 Leipzig

                                 HRB 22342

Shareholder:

                     SRT Schrott Recycling Thüringen GmbH

                     Ortsstr. 33

                     D 07318 Saalfeld

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             30,000.00

                     Share:             EUR             30,000.00

                     Reg. data:  08.04.2011

                                 Local court 07745 Jena

                                 HRB 506605

Shareholder:

                     SIV Immobilien Verwaltungs- GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  20.02.2006

                                 Local court 89073 Ulm

                                 HRB 501682

Shareholder:

                     Scholz Management Service GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  05.03.2018

                                 Local court 89073 Ulm

                                 HRB 736416

Shareholder:

                     RVW Rohstoffverwertung Weißenhorn GmbH

                     Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

                     Legal form: Private limited company

                     Company Status: dormant

                     since:          28.02.2014

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  08.12.2011

                                 Local court 87700 Memmingen

                                 HRB 14882

Shareholder:

                     Gröger GmbH

                     Siemensstr. 1-3

                     D 89312 Günzburg

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             26,000.00

                     Share:             EUR             13,000.00

                     Reg. data:  05.03.1980

                                 Local court 87700 Memmingen

                                 HRB 1735

Shareholder:

                     RVR Rohstoffverwertung Regensburg GmbH

                     Budapester Str. 24

                     D 93055 Regensburg

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,500.00

                     Share:             EUR             12,750.00

                     Reg. data:  26.09.2003

                                 Local court 93049 Regensburg

                                 HRB 9134

Shareholder:

                     Noris Metallrecycling GmbH

                     Industriestr. 2-4

                     D 90765 Fürth

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             12,500.00

                     Reg. data:  09.09.2014

                                 Local court 90762 Fürth

                                 HRB 14683

Shareholder:

                     Ziems Rohstoffe GmbH

                     Zum Seglerhafen 1

                     D 18439 Stralsund

                     Legal form: Private limited company

                     Company Status: insolvent

                     since:          29.08.2014

                     Share capital:     EUR             25,000.00

                     Share:             EUR             12,500.00

                     Reg. data:  19.04.2010

                                 Local court 18439 Stralsund

                                 HRB 7913

Shareholder:

                     Heidenauer Metallverwertungs GmbH

                     Potschappler Str. 6-8

                     D 01705 Freital

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR              7,500.00

                     Reg. data:  05.07.2010

                                 Local court 01069 Dresden

                                 HRB 29060

Shareholder:

                     Integrationsgesellschaft Sachsen

                     gemeinnützige GmbH

                     Potschappler Str. 6-8

                     D 01705 Freital

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,564.59

                     Share:             EUR              3,579.04

                     Reg. data:  28.09.1998

                                 Local court 01069 Dresden

                                 HRB 16365

Shareholder:

                     Ziems Recycling GmbH

                     Am Bahnhof

                     D 17213 Malchow

                     Legal form: Private limited company

                     Company Status: insolvent

                     since:          29.08.2014

                     Share capital:     EUR             25,000.00

                     Share:             EUR              6,250.00

                     Reg. data:  15.08.2002

                                 Local court 17033 Neubrandenburg

                                 HRB 5812

Shareholder:

                     SAPOS gemeinnützige GmbH

                     Heilige-Grab-Str. 69

                     D 02828 Görlitz

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR              5,000.00

                     Reg. data:  22.06.1999

                                 Local court 01069 Dresden

                                 HRB 17397

 

 

FINANCIAL INFORMATION

 

Payment experience:  Slow but Correct

 

Negative information:Negative information is known to us. We

                     refer you to the legal form data.

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Berndt-Ulrich-Scholz-Str. 1

                     D 73457 Essingen

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK, 04009 LEIPZIG

Sort. code: 86040000, Account no.: 107907800

BIC: COBADEFFXXX, IBAN: DE43860400000107907800

 

 

Further bank

ZV LANDESBANK BADEN-WÜRTTEMBERG, 04002 LEIPZIG

Sort. code: 86050000, Account no.: 7471501045

BIC: SOLADEST861, IBAN: DE27860500007471501045

 

 

FINANCIAL FIGURES

 

Equipment:                              EUR          3,121,959.00

Ac/ts receivable:                       EUR         26,237,079.00

Liabilities:                            EUR        212,444,756.00

Employees:                                                  1,177

- thereof permanent staff:                                  1,135

- Trainees:                                                  42

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2015 - 31.12.2015

Equity ratio [%]:                 46.95

Liquidity ratio:                   0.22

Return on total capital [%]:     -23.32

 

Balance sheet ratios 01.01.2014 - 31.12.2014

Equity ratio [%]:                 53.73

Liquidity ratio:                   0.62

Return on total capital [%]:      -3.96

 

Balance sheet ratios 01.01.2013 - 31.12.2013

Equity ratio [%]:                 36.78

Liquidity ratio:                   0.65

Return on total capital [%]:     -22.53

 

Balance sheet ratios 01.01.2012 - 31.12.2012

Equity ratio [%]:                 12.68

Liquidity ratio:                   0.54

Return on total capital [%]:      -0.76

 

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.

 

 

Financials

 

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        263,543,542.94

 Fixed assets                           EUR        205,444,779.17

  Intangible assets                     EUR          5,172,862.81

   Concessions, licences, rights        EUR            344,543.81

   Goodwill                             EUR          4,828,319.00

  Tangible assets                       EUR         72,983,261.06

   Land / similar rights                EUR         64,203,042.27

   Plant / machinery                    EUR          4,926,448.45

   Other tangible assets / fixtures and

   fittings                             EUR          3,121,959.25

   Advance payments made / construction

   in progress                          EUR            731,811.09

  Financial assets                      EUR        127,288,655.30

   Shares in participations /

   subsidiaries and the like            EUR        127,143,809.96

    Shares in related companies         EUR        119,704,696.78

    Shares in investee companies        EUR          7,439,113.18

   Other / unspecified financial assets EUR            144,845.34

 Current assets                         EUR         55,137,183.76

  Stocks                                EUR         27,564,517.76

   Raw materials, consumables and

   supplies                             EUR            782,920.20

   Finished goods / work in progress    EUR         25,397,067.62

   Advance payments made                EUR          1,384,529.94

  Accounts receivable                   EUR         26,237,079.37

   Trade debtors                        EUR          5,922,450.51

   Amounts due from related companies   EUR          8,312,662.68

   Amounts due from investee companies  EUR          3,641,198.80

   Other debtors and assets             EUR          8,360,767.38

  Liquid means                          EUR          1,335,586.63

 Remaining other assets                 EUR          2,961,580.01

  Accruals (assets)                     EUR          2,961,580.01

 

LIABILITIES                             EUR        263,543,542.94

 Shareholders' equity                   EUR         35,344,243.84

  Capital                               EUR       -115,014,252.02

   Capital of the fully liable partner

   (LP, general partnership)            EUR       -114,986,691.81

    Capital contribution of gen.

    partner/accounts of the pers. liable

    shareholder                         EUR         49,353,000.00

    other capital of the fully liable

    partner                             EUR       -164,339,691.81

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR            -27,560.21

    Limited partner's  capital, fixed

    capital, capital account I          EUR             50,000.00

    Variable capital / variable accountsEUR            -77,560.21

  Reserves                              EUR        150,358,495.86

   Capital reserves                     EUR        150,358,495.86

 Items between shareholders' equity and

 debt capital                           EUR             95,779.67

  Allowances / bonuses                  EUR             95,779.67

 Provisions                             EUR         15,658,762.96

  Pension provisions and comparable

  provisions                            EUR          1,519,974.00

  Provisions for taxes                  EUR            237,174.21

  Other / unspecified provisions        EUR         13,901,614.75

 Liabilities                            EUR        212,444,756.47

  Financial debts                       EUR         28,130,642.16

   Liabilities due to banks             EUR         28,130,642.16

  Other liabilities                     EUR        184,314,114.31

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR         32,524,080.94

   Liabilities from received advance

   payments                             EUR            330,000.00

   Liabililties due to related companiesEUR        142,954,503.45

   Liabilities due to investee companiesEUR          2,895,189.06

   Unspecified other liabilities        EUR          5,610,340.86

    thereof liabilities from tax /

    financial authorities               EUR            482,000.00

    thereof liabilities from social

    security                            EUR             18,000.00

 Guarantees and other commitments       EUR        593,760,000.00

  Sureties / lendings of

  creditworthiness                      EUR        585,410,000.00

  Other guarantees and other commitmentsEUR          8,350,000.00

 

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

Code (HGB)

 Sales                                  EUR      1,023,284,070.84

 Other operating income                 EUR         35,795,216.93

 Cost of materials                      EUR        859,713,239.87

  Raw materials and supplies, purchased

  goods                                 EUR        832,416,941.84

  Purchased services                    EUR         27,296,298.03

 Gross result (+/-)                     EUR        199,366,047.90

 Staff expenses                         EUR         49,442,905.73

  Wages and salaries                    EUR         41,135,526.57

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          8,307,379.16

 Total depreciation                     EUR         36,770,325.22

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR         10,723,351.11

  Depreciation on current assets (+/-)  EUR         26,046,974.11

 Other operating expenses               EUR        119,484,157.67

 Operating result from continuing

 operations                             EUR         -6,331,340.72

 Result from participating interests

 (+/-)                                  EUR         12,740,941.04

  Expenses / income from participations EUR         12,740,941.04

   Income from transfer of profits      EUR         10,240,941.04

   Income from related companies        EUR          2,500,000.00

 Expenses for the transfer of losses    EUR          2,245,409.61

 Interest result (+/-)                  EUR        -22,640,954.04

  Interest and similar income           EUR          2,177,508.12

   thereof from related companies       EUR            842,000.00

  Interest and similar expenses         EUR         24,818,462.16

   thereof paid to related companies    EUR         21,097,000.00

 Other financial result                 EUR        -40,237,234.68

  Depreciation on financial assets and

  marketable securities                 EUR         40,237,234.68

 Financial result (+/-)                 EUR        -52,382,657.29

 Result from ordinary operations (+/-)  EUR        -58,713,998.01

 Income tax / refund of income tax (+/-)EUR           -523,734.63

 Other taxes / refund of taxes          EUR         -1,084,031.15

 Tax (+/-)                              EUR         -1,607,765.78

 Annual surplus / annual deficit        EUR        -60,321,763.79

 

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        417,242,705.51

 Fixed assets                           EUR        252,654,829.50

  Intangible assets                     EUR          6,043,313.83

   Concessions, licences, rights        EUR            132,005.83

   Goodwill                             EUR          5,911,308.00

  Tangible assets                       EUR         82,677,942.70

   Land / similar rights                EUR         68,365,837.38

   Plant / machinery                    EUR          9,039,705.78

   Other tangible assets / fixtures and

   fittings                             EUR          5,086,848.84

   Advance payments made / construction

   in progress                          EUR            185,550.70

  Financial assets                      EUR        163,933,572.97

   Shares in participations /

   subsidiaries and the like            EUR        163,595,175.97

    Shares in related companies         EUR        155,586,598.46

    Shares in investee companies        EUR          8,008,577.51

   Other / unspecified financial assets EUR            338,397.00

 Current assets                         EUR        164,108,479.22

  Stocks                                EUR         53,055,428.72

   Raw materials, consumables and

   supplies                             EUR            727,016.98

   Finished goods / work in progress    EUR         43,666,116.19

   Advance payments made                EUR          8,662,295.55

  Accounts receivable                   EUR        105,316,260.82

   Trade debtors                        EUR         57,241,591.30

   Amounts due from related companies   EUR         28,285,803.27

   Amounts due from investee companies  EUR          2,064,294.32

   Other debtors and assets             EUR         17,724,571.93

  Liquid means                          EUR          5,736,789.68

 Remaining other assets                 EUR            479,396.79

  Accruals (assets)                     EUR            479,396.79

 

LIABILITIES                             EUR        417,242,705.51

 Shareholders' equity                   EUR         92,152,006.63

  Capital                               EUR        -54,772,488.23

   Capital of the fully liable partner

   (LP, general partnership)            EUR        -54,806,978.73

    Capital contribution of gen.

    partner/accounts of the pers. liable

    shareholder                         EUR         49,273,000.00

    Share capital / accounts            EUR       -104,079,978.73

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR             34,490.50

    Limited partner's  capital, fixed

    capital, capital account I          EUR             50,000.00

    Variable capital / variable accountsEUR            -15,509.50

  Reserves                              EUR        146,924,494.86

   Capital reserves                     EUR        146,924,494.86

 Items between shareholders' equity and

 debt capital                           EUR             95,779.67

  Allowances / bonuses                  EUR             95,779.67

 Provisions                             EUR         14,780,676.98

  Pension provisions and comparable

  provisions                            EUR          1,757,146.00

  Provisions for taxes                  EUR          2,437,224.00

  Other / unspecified provisions        EUR         10,586,306.98

 Liabilities                            EUR        310,214,242.23

  Financial debts                       EUR          1,161,296.05

   Liabilities due to banks             EUR          1,161,296.05

  Other liabilities                     EUR        309,052,946.18

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR        134,707,341.05

   Liabilities from received advance

   payments                             EUR            330,000.00

   Liabililties due to related companiesEUR        149,851,844.24

   Liabilities due to investee companiesEUR          3,504,870.09

   Unspecified other liabilities        EUR         20,658,890.80

 Guarantees and other commitments       EUR        447,900,000.00

  Liability from creation of a security

  interest for third parties            EUR        447,900,000.00

 

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

Code (HGB)

 Sales                                  EUR      1,344,465,745.28

 Other operating income                 EUR         59,654,812.55

 Cost of materials                      EUR      1,181,474,983.51

  Raw materials and supplies, purchased

  goods                                 EUR      1,150,960,638.53

  Purchased services                    EUR         30,514,344.98

 Gross result (+/-)                     EUR        222,645,574.32

 Staff expenses                         EUR         49,660,690.38

  Wages and salaries                    EUR         42,742,368.71

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          6,918,321.67

 Total depreciation                     EUR         39,636,935.44

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR         13,081,776.80

  Depreciation on current assets (+/-)  EUR         26,555,158.64

 Other operating expenses               EUR        124,668,539.15

 Operating result from continuing

 operations                             EUR          8,679,409.35

 Result from participating interests

 (+/-)                                  EUR         12,410,743.72

  Expenses / income from participations EUR         12,410,743.72

   Income from transfer of profits      EUR         10,966,003.53

   Income from related companies        EUR          1,444,740.19

 Interest result (+/-)                  EUR        -23,950,061.66

  Interest and similar income           EUR          1,790,859.18

   thereof from related companies       EUR            341,000.00

  Interest and similar expenses         EUR         25,740,920.84

   thereof paid to related companies    EUR         22,214,000.00

 Other financial result                 EUR        -12,002,848.00

  Depreciation on financial assets and

  marketable securities                 EUR         12,002,848.00

 Financial result (+/-)                 EUR        -23,542,165.94

 Result from ordinary operations (+/-)  EUR        -14,862,756.59

 Income tax / refund of income tax (+/-)EUR           -327,906.23

 Other taxes / refund of taxes          EUR         -1,095,294.21

 Tax (+/-)                              EUR         -1,423,200.44

 Annual surplus / annual deficit        EUR        -16,285,957.03


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 65.20

UK Pound

1

INR 91.49

Euro

1

INR 80.46

Euro

1

INR 79.98

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

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)

 

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.