MIRA INFORM REPORT

 

 

Report Date :

02.05.2011

 

IDENTIFICATION DETAILS

 

Name :

OTEC PRÄZISIONSFINISH GMBH

 

 

Registered Office :

Dieselstr. 12  D 75334 Straubenhardt

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Year of Establishment  :

1996

 

 

Com. Reg. No.:

HRB 504529

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of abrasive products

 

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 :

100.000 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

 

Name and address

 

OTEC Präzisionsfinish GmbH

 

Company Status:      active

 

Main address:       

 

Dieselstr. 12

D 75334 Straubenhardt

Telephone:07082/491120

Telefax:  07082/491129

Homepage: www.otec.de

E-mail:   info@otec.de

 

 

VAT no.           

 

DE812635504

 

Tax ID number     

 

49047/05510

 

 

Registered data

 

LEGAL FORM                           Private limited company

Date of foundation:                     1996

Shareholders'

agreement:                                09.12.1998

Registered on:                           14.12.1998

Commercial Register:                 Local court 68159 Mannheim

under:               HRB 504529

 

 

Share capital                     

 

EUR             51.129,19

 

 

Shareholder

 

Helmut Gegenheimer

Rebenstr. 6

D 75210 Keltern

Share:             EUR             41.005,61

 

Shareholder:

Soran Jota Beteiligungsgesellschaft mbH

Dieselstr. 12

D 75334 Straubenhardt

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR              5.061,79

Registered on: 14.12.2001

Reg. data: 68159 Mannheim, HRB 505184

 

Shareholder:

Martin Moser Beteiligungsgesellschaft mbH

Dieselstr. 12

D 75334 Straubenhardt

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR              5.061,79

Registered on: 14.12.2001

Reg. data: 68159 Mannheim, HRB 505185

 

Manager:

Soran Jota

Winzerstr. 2

D 75210 Keltern

having sole power of representation

Profession: degree-level economist

 

Manager:

Helmut Gegenheimer

Rebenstr. 6

D 75210 Keltern

having sole power of representation

 

 

Further functions/participations of Helmut Gegenheimer (Manager)

 

Shareholder:

Martin Moser Beteiligungsgesellschaft mbH

Dieselstr. 12

D 75334 Straubenhardt

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:             EUR                100,00

Registered

on:         14.12.2001

Reg. data:  68159 Mannheim, HRB 505185

 

 

COMPANY HISTORY

 

01.10.1996 - 1998        Helmut Gegenheimer Otec-Präzisionsfinish

                         Robert-Bosch-Str. 14

                         D 75334 Straubenhardt

                         Unregistered commercial enterprise

04.11.1998 - 14.12.1998  OTEC Präzisionsfinish -Inh. Dipl.-Ing.

                         (FH) Helmut Gegenheimer e.K.

                         Robert-Bosch-Str. 14

                         D 75334 Straubenhardt

                         Sole proprietorship

14.12.1998 - 25.01.1999  OTEC Präzisionsfinish GmbH

                         Robert-Bosch-Str. 14

                         D 75334 Straubenhardt

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

23910   Manufacture of abrasive products

28290   Manufacture of other general-purpose machinery

46692   Wholesale of other machinery

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      100.000 EUR

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Dieselstr. 12

                     D 75334 Straubenhardt

 

Land register documents were not available.

 

 

BANKERS

 

SPARKASSE PFORZHEIM CALW, PFORZHEIM

Sort. code: 66650085, Account no.: 977438, BIC: PZHSDE66XXX

DEUTSCHE BANK, PFORZHEIM

Sort. code: 66670006, Account no.: 15459100, BIC: DEUTDESM666

VOLKSBANK PFORZHEIM, PFORZHEIM

Sort. code: 66690000, Account no.: 88633, BIC: VBPFDE66XXX

VOLKSBANK WILFERDINGEN-KELTERN, REMCHINGEN

Sort. code: 66692300, Account no.: 88633, BIC: GENODE61WIR

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR          7.800.000,00

                     2010               EUR         10.000.000,00

further business figures:

Total numbers of vehicles:                                      4

Employees:                                                     50

 

The aforementioned business figures may partly be estimated

information based on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 2009

Equity ratio [%]:                 57,96

Liquidity ratio:                   1,63

Return on total capital [%]:     -10,34

 

Balance sheet ratios 2008

Equity ratio [%]:                 60,25

Liquidity ratio:                   1,19

Return on total capital [%]:      21,00

 

Balance sheet ratios 2007

Equity ratio [%]:                 49,16

Liquidity ratio:                   1,30

Return on total capital [%]:      -4,13

 

Equity ratio

The equity ratio indicates the portion of the equity as compared

to the total capital. The higher the equity ratio, the better the

economic stability (solvency) and thus the financial autonomy of

a company.

 

Liquidity ratio

The liquidity ratio shows the proportion between adjusted

receivables and net liabilities. The higher the ratio, the lower

the company's financial dependancy from external creditors.

 

Return on total capital

The return on total capital shows the efficiency and return on

the total capital employed in the company. The higher the return

on total capital, the more economically does the company work

with the invested capital.

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          4.255.940,13

 Fixed assets                           EUR            707.010,00

  Intangible assets                     EUR            134.657,00

   Other / unspecified intangible assetsEUR            134.657,00

  Tangible assets                       EUR            572.053,00

   Other / unspecified tangible assets  EUR            572.053,00

  Financial assets                      EUR                300,00

   Other / unspecified financial assets EUR                300,00

 Current assets                         EUR          3.499.892,24

  Stocks                                EUR          1.575.253,00

  Accounts receivable                   EUR          1.212.639,82

   Other debtors and assets             EUR          1.212.639,82

  Liquid means                          EUR            711.999,42

 Remaining other assets                 EUR             49.037,89

  Accruals (assets)                     EUR             49.037,89

 

LIABILITIES                             EUR          4.255.940,13

 Shareholders' equity                   EUR          2.442.618,83

  Capital                               EUR             51.129,19

   Subscribed capital (share capital)   EUR             51.129,19

  Balance sheet profit/loss (+/-)       EUR          2.391.489,64

   Balance sheet profit / loss          EUR          2.391.489,64

 Provisions                             EUR            304.641,27

 Liabilities                            EUR          1.508.680,03

  Other liabilities                     EUR          1.508.680,03

   Unspecified other liabilities        EUR          1.508.680,03

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR          4.853.384,92

 Fixed assets                           EUR            770.399,00

  Intangible assets                     EUR            209.087,00

  Tangible assets                       EUR            561.012,00

  Financial assets                      EUR                300,00

 Current assets                         EUR          4.039.841,07

  Stocks                                EUR          2.221.267,05

  Accounts receivable                   EUR          1.539.446,17

  Liquid means                          EUR            279.127,85

 Remaining other assets                 EUR             43.144,85

  Accruals (assets)                     EUR             43.144,85

 

LIABILITIES                             EUR          4.853.384,92

 Shareholders' equity                   EUR          2.875.402,71

  Capital                               EUR             51.129,19

   Subscribed capital (share capital)   EUR             51.129,19

  Balance sheet profit/loss (+/-)       EUR          2.824.273,52

   Balance sheet profit / loss          EUR          2.824.273,52

 Provisions                             EUR            316.932,00

 Liabilities                            EUR          1.661.050,21

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.73.88

Euro

1

Rs.65.83

 

 

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

--

NB

                                       New Business

 

--

 

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.