MIRA INFORM REPORT

 

 

Report Date :           

15.03.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

PRÄMAB PRÄZISIONSMASCHINEN UND ANLAGENBAU

 

 

Registered Office :

Ulmenweg 14, D 39288 Burg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

24.06.1997

 

 

Com. Reg. No.:

HRA 461

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacturer of other general-purpose machinery

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

250.000 EUR

Status :

Satisfactory

Payment Behaviour :

Regular

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Germany

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address  

 

PRÄMAB Präzisionsmaschinen und Anlagenbau GmbH & Co. KG

 

Main address:     

Ulmenweg 14

D 39288 Burg

Telephone:        03921-457201

Telefax:             03921-457202

Homepage:        www.praemab-burg.de

E-mail:              info@praemab-burg.de

 

 

VAT no          

 

DE186823525

 

 

Tax ID number 

 

103/114/11603

 

 

CONCLUSION

 

Business relations are permissible.

 

 

sYnthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

general partner

Date of foundation:         24.06.1997

Begin of business

activities:                       24.06.1997

Registered on:               24.06.1997

Register of

companies:                   Local court 39576 Stendal

under:                                       HRA 461

Total cap. contribution:   EUR            127.822,97

 

Limited partner

 

Erich Brinkmann

Eserweg 43

D 49328 Melle

born: 11.11.1941

Share:             EUR             42.437,23

 

Limited partner:

Erhard Berge

Schanzenberg 5a

D 39435 Unseburg

born: 01.08.1950

Share:             EUR             21.474,26

 

Limited partner:

Matthias Jung

Hinter der Kirche 5

D 39576 Stendal

Share:             EUR             21.474,26

 

Limited partner:

Thomas Beuschlein

Leibnizstr. 24

D 39104 Magdeburg

born: 24.07.1962

Share:             EUR             21.218,61

 

Limited partner:

Steffen Anders

Kurstr. 73

D 14776 Brandenburg

born: 23.12.1965

Share:             EUR             21.218,61

 

 

General partner

 

PRÄMAB Präzisionsmaschinen und Anlagenbau

Verwaltungs GmbH

Ulmenweg 14

D 39288 Burg

Legal form: Private limited company

Share capital:     EUR             25.750,00

Registered on: 20.06.1997

Reg. data: 39576 Stendal, HRB 2623

 

Shareholder

 

Matthias Jung

Hinter der Kirche 5

D 39576 Stendal

born: 27.05.1959

Share:             EUR              5.150,00

 

Shareholder:

Erhard Berge

Schanzenberg 5a

D 39435 Unseburg

born: 01.08.1950

Share:             EUR              5.150,00

 

Shareholder:

Erich Brinkmann

Eserweg 43

D 49328 Melle

born: 11.11.1941

Share:             EUR              5.150,00

 

Shareholder:

Thomas Beuschlein

Leibnizstr. 24

D 39104 Magdeburg

born: 24.07.1962

Share:             EUR              5.150,00

 

Shareholder:

Steffen Anders

Kurstr. 73

D 14776 Brandenburg

born: 23.12.1965

Share:             EUR              5.150,00

 

 

Manager

 

Matthias Jung

Hinter der Kirche 5

D 39576 Stendal

having sole power of representation

born: 27.05.1959

Profession: graduate engineer

Manager:

Erhard Berge

Schanzenberg 5a

D 39435 Unseburg

having sole power of representation

born: 01.08.1950

Profession: graduate engineer

 

Manager:

Thomas Beuschlein

Leibnizstr. 24

D 39104 Magdeburg

born: 24.07.1962

Profession: Fully qualified economic

engineer

 

Manager:

Steffen Anders

Kurstr. 73

D 14776 Brandenburg

having sole power of representation

born: 23.12.1965

 

 

BUSINESS ACTIVITIES

 

Sectors

 28290   Manufacture of other general-purpose machinery

 

 

PARTICIPATIONS

 

Shareholder:

PRÄMAB Engineering GmbH

Ulmenweg 14

D 39288 Burg

Legal form: Private limited company

Company Status: active

Share capital:     EUR             50.000,00

Share:             EUR             35.000,00

Reg. data:  13.07.2001

Local court 39576 Stendal

HRB 3661

 

 

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

 Address                       Ulmenweg 14

                                    D 39288 Burg

 

 Private real estate

 Name:                          PRÄMAB Präzisionsmaschinen und Anlagenbau

                                    Verwaltungs GmbH

 Type of ownership:        Tenant

 Address                       Ulmenweg 14

                                    D 39288 Burg

 

 Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK, MAGDEBURG

Sort. code: 81040000, BIC: COBADEFF810

 

Further bank

COMMERZBANK, BURG B MAGDEBURG

Sort. code: 81040000, Account no.: 1680081, BIC: COBADEFF810

 

 

FINANCIAL FIGURES

 

 Turnover:            2009               EUR         18.182.799,00

 Profit:              2009               EUR            551.409,00

 Total numbers of vehicles:                                      7

 - Lorries:                                                      1

 Employees:                                                     93

 - Trainees:                                                    12

 

BALANCE SHEETS

 

 Balance sheet ratios 2009

 Equity ratio [%]:                 26,09

 Liquidity ratio:                   0,59

 Return on total capital [%]:       5,11

 

 

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         10.805.068,57

  Fixed assets                           EUR          6.282.043,42

   Intangible assets                     EUR              8.444,00

    Concessions, licences, rights        EUR              8.444,00

   Tangible assets                       EUR          6.238.599,42

    Land / similar rights                EUR          2.573.969,42

    Plant / machinery                    EUR          3.293.826,00

    Other tangible assets / fixtures and

    fittings                             EUR            370.804,00

   Financial assets                      EUR             35.000,00

    Shares in participations /

    subsidiaries and the like            EUR             35.000,00

     Shares in related companies         EUR             35.000,00

  Current assets                         EUR          4.362.169,93

   Stocks                                EUR          1.124.507,19

    Raw materials, consumables and

    supplies                             EUR             91.767,58

    Finished goods / work in progress    EUR          2.631.285,00

    Advance payments made                EUR             39.115,60

    Minus received advance payments for

    orders / installments for stocks     EUR         -1.637.660,99

   Accounts receivable                   EUR          3.033.403,36

    Trade debtors                        EUR          2.650.859,51

    Other debtors and assets             EUR            382.543,85

   Liquid means                          EUR            204.259,38

  Remaining other assets                 EUR            160.855,22

   Accruals (assets)                     EUR            160.855,22

 

 LIABILITIES                             EUR         10.805.068,57

  Shareholders' equity                   EUR          1.412.393,94

   Capital                               EUR            864.485,13

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR          1.412.393,94

     Limited partner's  capital, fixed

     capital, capital account I          EUR            183.000,00

     Variable capital / variable accountsEUR          1.229.393,94

    Other capital                        EUR           -547.908,81

   Balance sheet profit/loss (+/-)       EUR            547.908,81

    Annual surplus / annual deficit      EUR            547.908,81

  Items between shareholders' equity and

  debt capital                           EUR          1.755.060,86

   Allowances / bonuses                  EUR          1.755.060,85

  Provisions                             EUR            844.184,95

   Provisions for taxes                  EUR            119.202,80

   Other / unspecified provisions        EUR            724.982,15

  Liabilities                            EUR          6.786.160,99

   Financial debts                       EUR          3.608.235,40

    Liabilities due to banks             EUR          3.608.235,40

   Other liabilities                     EUR          3.177.925,59

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            848.793,62

    Liabilities due to shareholders      EUR          1.410.143,88

    Unspecified other liabilities        EUR            918.988,09

     thereof liabilities from tax /

     financial authorities               EUR             77.665,87

     thereof liabilities from social

     security                            EUR            134.419,57

  Other liabilities                      EUR              7.267,83

   Deferrals (liabilities)               EUR              7.267,83

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         18.182.799,43

  Inventory change + own costs (+/-)     EUR           -366.161,64

   Inventory change (+/-)                EUR           -382.466,00

   Capitalised own costs                 EUR             16.304,36

  Other operating income                 EUR            435.452,13

  Cost of materials                      EUR         11.470.081,58

   Raw materials and supplies, purchased

   goods                                 EUR          2.324.528,62

   Purchased services                    EUR          9.145.552,96

  Gross result (+/-)                     EUR          6.782.008,34

  Staff expenses                         EUR          3.614.636,55

   Wages and salaries                    EUR          3.079.667,17

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            534.969,38

  Total depreciation                     EUR            754.819,74

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            754.819,74

  Other operating expenses               EUR          1.230.132,84

  Operating result from continuing

  operations                             EUR          1.182.419,21

  Interest result (+/-)                  EUR           -470.474,22

   Interest and similar income           EUR             11.155,05

   Interest and similar expenses         EUR            481.629,27

  Financial result (+/-)                 EUR           -470.474,22

  Result from ordinary operations (+/-)  EUR            711.944,99

  Expenses for transfer of profits to a

  parent company                         EUR              3.500,00

  Income tax / refund of income tax (+/-)EUR           -149.955,80

  Other taxes / refund of taxes          EUR            -10.580,38

  Tax (+/-)                              EUR           -160.536,18

  Annual surplus / annual deficit        EUR            547.908,81

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.15

UK Pound

1

Rs.72.59

Euro

1

Rs.62.95

 

 

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%)

 

 

 

 

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.