MIRA INFORM
REPORT
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Report Date : |
09.03.2011 |
IDENTIFICATION DETAILS
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Name : |
GESTRA AG |
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Registered Office : |
Münchener Str. 77 D 28215 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
27.05.2004 |
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Com. Reg. No.: |
HRB 22141 HB |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacturer of instruments and appliances for measuring, esting and navigation |
RATING & COMMENTS
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MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
250.000 EUR |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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|
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & Address
GESTRA AG
Main address:
Münchener Str. 77
D 28215
Post Box:
10 54 60, D 28054
Telephone: 0421/3503-0
Telefax:
0421/3503-219
Homepage: www.gestra.de
E-mail:
gestra.ag@flowserve.com
VAT no
DE114397357
Synthesis
LEGAL FORM Public limited company
Date of foundation: 31.10.1902
Begin of business
activities: 26.09.2003
Registered on: 27.05.2004
Commercial Register: Local
court 28195
under: HRB 22141 HB
Share capital:
EUR 11.248.421,39
Member of the Board of Director
Lutz Oelsner
Panzenlaake 1c
D 28279
having sole power of representation
born: 05.10.1962
Profession: Solicitor
Marital status: married
Member
of the Board of Directors:
Friedhelm Lefting
Hans-Mohrmann-Str. 3
D 28357
having sole power of representation
born: 19.09.1962
Marital status: married
COMPANY HISTORY
02.01.1983 - 15.07.1997 GESTRA
Aktiengesellschaft
Hemmstr.
130
D 28215
Public limited company
15.07.1997 - 27.05.2004 GESTRA
GmbH
Münchener
Str. 77
D 28215
Private
limited company
BUSINESS ACTIVITIES
Sectors
· 26512 Manufacture of instruments and appliances for measuring, esting and navigation
· 28140 Manufacture of taps and valves n.e.c.
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information: We have
no negative information at hand.
Maximum credit: 250.000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: proprietor
Share: 100,00 %
Address Münchener Str. 77
D 28215
Type of real estate: commercial
premises
Size: 16.000,00sq.m
Land register documents were not available.
BANKERS
Sort. code: 29040090, Account no.: 283080000, BIC: COBADEFF290
FINANCIAL FIGURES
Turnover: 2009 EUR 68.895.000,00
Profit: 2009 EUR 11.435.000,00
Equipment: EUR 2.082.000,00
Ac/ts
receivable:
EUR 6.495.000,00
Liabillities: EUR 2.170.000,00
Real
estate of the firm:
EUR 3.818.000,00
Employees:
408
BALANCE SHEETS
Balance
sheet ratios 2009
Equity
ratio [%]: 59,79
Liquidity
ratio: 2,46
Return
on total capital [%]: 19,19
Balance
sheet ratios 2008
Equity
ratio [%]: 43,53
Liquidity
ratio: 1,51
Return
on total capital [%]: 30,01
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
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 59.717.000,00
Fixed assets EUR 8.382.000,00
Intangible assets EUR 262.000,00
Concessions, licences, rights EUR 248.000,00
Advance payments for intang. assets EUR 14.000,00
Tangible assets EUR 6.855.000,00
Land / similar rights EUR 3.818.000,00
Plant / machinery EUR 688.000,00
Other tangible assets / fixtures and
fittings EUR 2.082.000,00
Advance payments made / construction
in progress EUR 267.000,00
Financial assets EUR 1.265.000,00
Shares in participations /
subsidiaries and the like EUR 343.000,00
Shares in related companies EUR 343.000,00
Securities included in fixed assets EUR
922.000,00
Current assets EUR 51.298.000,00
Stocks EUR 7.788.000,00
Raw materials, consumables and
supplies EUR 3.214.000,00
Finished goods / work in progress EUR
4.425.000,00
Advance payments made EUR 149.000,00
Accounts receivable EUR 43.071.000,00
Trade debtors EUR 6.495.000,00
Amounts due from related companies EUR
35.787.000,00
Other debtors and assets EUR 789.000,00
Liquid means EUR 439.000,00
Remaining other assets EUR 37.000,00
Accruals (assets) EUR 37.000,00
LIABILITIES EUR 59.717.000,00
Shareholders' equity EUR 35.760.000,00
Capital EUR 11.248.000,00
Subscribed capital (share capital) EUR
11.248.000,00
Reserves EUR 24.512.000,00
Capital reserves EUR 11.583.000,00
Retained earnings / revenue reserves
EUR 12.929.000,00
Provisions EUR 5.999.000,00
Pension provisions and comparable
provisions EUR 2.460.000,00
Other / unspecified provisions EUR 3.539.000,00
Liabilities EUR 17.958.000,00
Other liabilities EUR 17.958.000,00
Trade creditors (for IAS incl. bills
of exchange) EUR 2.170.000,00
Notes payable EUR 2.400.000,00
Liabilities from received advance
payments EUR 337.000,00
Liabililties due to related
companiesEUR 12.157.000,00
Unspecified other liabilities EUR 894.000,00
thereof liabilities from tax /
financial authorities EUR 411.000,00
thereof liabilities from social
security EUR 2.000,00
Guarantees and other commitments EUR 2.083.000,00
Guarantees / warranties EUR 2.083.000,00
Guarantees EUR 2.083.000,00
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 68.895.000,00
Inventory change + own costs (+/-) EUR -519.000,00
Inventory change (+/-) EUR -556.000,00
Capitalised own costs EUR 37.000,00
Other operating income EUR 2.548.000,00
Cost of materials EUR 23.498.000,00
Raw materials and supplies, purchased
goods EUR 21.588.000,00
Purchased services EUR 1.910.000,00
Gross result (+/-) EUR 47.426.000,00
Staff expenses EUR 27.915.000,00
Wages and salaries EUR
23.461.000,00
Social security contributions and
expenses for pension plans and
benefits EUR 4.454.000,00
Total depreciation EUR 826.000,00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 826.000,00
Other operating expenses EUR 7.313.000,00
Operating result from continuing
operations EUR 11.372.000,00
Result from participating interests
(+/-) EUR 119.000,00
Expenses / income from participations
EUR 119.000,00
Income from related companies EUR 119.000,00
Interest result (+/-) EUR 556.000,00
Interest and similar income EUR 699.000,00
thereof from related companies EUR 691.000,00
Interest and similar expenses EUR 143.000,00
Other financial result EUR -285.000,00
Depreciation on financial assets and
marketable securities EUR 285.000,00
Financial result (+/-) EUR 390.000,00
Result from ordinary operations (+/-) EUR
11.762.000,00
Expenses for transfer of profits to a
parent company EUR 11.435.000,00
Income tax / refund of income tax
(+/-)EUR -271.000,00
Other taxes / refund of taxes EUR -56.000,00
Tax (+/-) EUR -327.000,00
Annual surplus / annual deficit EUR 0,00
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 55.315.000,00
Fixed assets EUR 8.549.000,00
Intangible assets EUR 342.000,00
Concessions, licences, rights EUR 265.000,00
Advance payments for intang. assets EUR 77.000,00
Tangible assets EUR 6.657.000,00
Land / similar rights EUR 3.915.000,00
Plant / machinery EUR 745.000,00
Other tangible assets / fixtures and
fittings EUR 1.902.000,00
Advance payments made / construction
in progress EUR 95.000,00
Financial assets EUR 1.550.000,00
Shares in participations /
subsidiaries and the like EUR 343.000,00
Shares in related companies EUR 343.000,00
Securities included in fixed assets EUR
1.207.000,00
Current assets EUR 46.642.000,00
Stocks EUR 8.549.000,00
Raw materials, consumables and
supplies EUR 3.530.000,00
Finished goods / work in progress EUR
4.788.000,00
Advance payments made EUR 231.000,00
Accounts receivable EUR 37.505.000,00
Trade debtors EUR 7.838.000,00
Amounts due from related companies EUR
29.095.000,00
Other debtors and assets EUR 572.000,00
Liquid means EUR 588.000,00
Remaining other assets EUR 124.000,00
Accruals (assets) EUR 124.000,00
LIABILITIES EUR 55.315.000,00
Shareholders' equity EUR 24.177.000,00
Capital EUR 11.248.000,00
Subscribed capital (share capital) EUR
11.248.000,00
Reserves EUR 12.929.000,00
Retained earnings / revenue reserves
EUR 12.929.000,00
Provisions EUR 5.689.000,00
Pension provisions and comparable
provisions EUR 2.492.000,00
Other / unspecified provisions EUR 3.197.000,00
Liabilities EUR 25.449.000,00
Other liabilities EUR 25.449.000,00
Trade creditors (for IAS incl. bills
of exchange) EUR 3.800.000,00
Notes payable EUR 3.037.000,00
Liabilities from received advance
payments EUR 410.000,00
Liabililties due to related
companiesEUR 17.079.000,00
Unspecified other liabilities EUR 1.123.000,00
thereof liabilities from tax /
financial authorities EUR 422.000,00
thereof liabilities from social
security EUR 2.000,00
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 80.444.000,00
Inventory change + own costs (+/-) EUR 517.000,00
Inventory change (+/-) EUR 501.000,00
Capitalised own costs EUR 16.000,00
Other operating income EUR 1.756.000,00
Cost of materials EUR 29.529.000,00
Raw materials and supplies, purchased
goods EUR 26.845.000,00
Purchased services EUR 2.684.000,00
Gross result (+/-) EUR 53.188.000,00
Staff expenses EUR 26.760.000,00
Wages and salaries EUR 22.516.000,00
Social security contributions and
expenses for pension plans and
benefits EUR 4.244.000,00
Total depreciation EUR 765.000,00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 765.000,00
Other operating expenses EUR 9.024.000,00
Operating result from continuing
operations EUR 16.639.000,00
Interest result (+/-) EUR 921.000,00
Interest and similar income EUR 1.129.000,00
thereof from related companies EUR 1.111.000,00
Interest and similar expenses EUR 208.000,00
Other financial result EUR -955.000,00
Income from securities and loans from
financial assets EUR 75.000,00
Depreciation on financial assets and
marketable securities EUR 1.030.000,00
Financial result (+/-) EUR -34.000,00
Result from ordinary operations (+/-) EUR
16.605.000,00
Expenses for transfer of profits to a
parent company EUR 16.547.000,00
Income tax / refund of income tax
(+/-)EUR -2.000,00
Other taxes / refund of taxes EUR -56.000,00
Tax (+/-) EUR -58.000,00
Annual surplus / annual deficit EUR
0,00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.03 |
|
|
1 |
Rs.72.98 |
|
Euro |
1 |
Rs.62.94 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.