MIRA INFORM REPORT
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Report Date : |
29.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ERBE ELEKTROMEDIZIN GMBH |
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Registered Office : |
Waldhörnlestr. 17, D 72072 Tübingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
20.07.1965 |
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Com. Reg. No.: |
HRB 380137 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of irradiation, electromedical and electrotherapeutic
equipment |
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No. of Employees
: |
646 Persons |
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 |
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Maximum Credit Limit : |
250,000 EUR |
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|
|
Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Germany |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
Erbe Elektromedizin GmbH
Main address:
Waldhörnlestr. 17
D 72072 Tübingen
Telephone: 07071/755-0
Telefax: 07071/755-179
Homepage: www.erbe-med.de
E-mail: sales@erbe-med.de
VAT no
DE146893422
Tax ID number
86112/21008
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1965
Registered on: 20.07.1965
Commercial Register: Local
court 70190 Stuttgart
under: HRB 380137
Share capital:
EUR 4,000,000.00
Shareholder
Christian Otto Erbe
Walther-Rathenau-Str. 26/3
D 72766 Reutlingen
born: 29.08.1961
Share: EUR 740,000.00
Shareholder:
Dr. Susanne Erbe-Thede
Im Schönblick 10
D 72076 Tübingen
born: 03.02.1963
Share: EUR 730,000.00
Shareholder:
Sebastian Erbe
Ferdinand-Christian-Baur-Str.
18
D 72076 Tübingen
born: 18.05.1966
Share: EUR 730,000.00
Shareholder:
Julia Erbe
Im Schönblick 10
D 72076 Tübingen
born: 09.12.1969
Share: EUR 730,000.00
Shareholder:
Helmut Erbe
Eduard-Spranger-Str. 57/1
D 72076 Tübingen
born: 18.12.1928
Share: EUR 560,000.00
Shareholder:
Christiane Erbe
Eduard-Spranger-Str. 57
D 72076 Tübingen
born: 01.07.1928
née: Scholz
Share: EUR 500,000.00
Shareholder:
Reiner Thede
Im Schönblick 10
D 72076 Tübingen
born: 20.04.1955
Share: EUR 10,000.00
Manager
Christian Otto Erbe
Walther-Rathenau-Str. 26/3
D 72766 Reutlingen
having sole power of representation
born: 29.08.1961
Profession: Businessman
Marital status: married
Manager:
Reiner Thede
Im Schönblick 10
D 72076 Tübingen
having sole power of representation
born: 20.04.1955
Profession: Fully qualified management
expert
Further
functions/participations of Christian Otto Erbe (Manager)
Limited partner:
Erbe GmbH & Co. Grundstücksverwaltung KG
Waldhörnlestr. 17
D 72072 Tübingen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 1,000,000.00
contribution:
Share: EUR 182,500.00
Registered
on: 05.07.2000
Reg. data: 70190 Stuttgart,
HRA 381322
Limited partner:
Erbe GmbH & Co. Beteiligungs KG
Waldhörnlestr. 17
D 72072 Tübingen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 40,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 03.01.2001
Reg. data: 70190 Stuttgart,
HRA 381335
Shareholder:
Erbe Verwaltungs GmbH
Waldhörnlestr. 17
D 72072 Tübingen
Legal form: Private limited company
Share capital: EUR 27,000.00
Share: EUR 9,000.00
Registered
on: 02.12.1996
Reg. data: 70190 Stuttgart,
HRB 381732
Shareholder:
BARS Beteiligungs GmbH
Friedrichstr. 10
D 70174 Stuttgart
Legal form: Private limited company
Share capital: EUR 46,000.00
Share: EUR 2,000.00
Registered
on: 21.05.2010
Reg. data: 70190 Stuttgart,
HRB 733810
Manager:
C. Erbe GmbH
Waldhörnlestr. 17
D 72072 Tübingen
Legal form: Private limited company
Share capital: EUR 800,000.00
Registered
on: 24.04.1975
Reg. data: 70190 Stuttgart,
HRB 380304
Manager:
Erbe Verwaltungs GmbH
Waldhörnlestr. 17
D 72072 Tübingen
Legal form: Private limited company
Share capital: EUR 27,000.00
Registered
on: 02.12.1996
Reg. data: 70190 Stuttgart,
HRB 381732
Further
functions/participations of Reiner Thede (Manager)
Shareholder:
Erbe Verwaltungs GmbH
Waldhörnlestr. 17
D 72072 Tübingen
Legal form: Private limited company
Share capital: EUR 27,000.00
Share: EUR 9,000.00
Registered
on: 02.12.1996
Reg. data: 70190 Stuttgart,
HRB 381732
Manager:
C. Erbe GmbH
Waldhörnlestr. 17
D 72072 Tübingen
Legal form: Private limited company
Share capital: EUR 800,000.00
Registered
on: 24.04.1975
Reg. data: 70190 Stuttgart,
HRB 380304
Manager:
Erbe Verwaltungs GmbH
Waldhörnlestr. 17
D 72072 Tübingen
Legal form: Private limited company
Share capital: EUR 27,000.00
Registered
on: 02.12.1996
Reg. data: 70190 Stuttgart,
HRB 381732
BUSINESS ACTIVITIES
Sectors
26600 Manufacture of
irradiation, electromedical and electrotherapeutic equipment
FINANCIAL INFORMATION
Payment experience: in
top condition
Negative information: We
have no negative information at hand.
Maximum credit: 250,000 EUR
REAL ESTATE
Type of ownership: Tenant
Address Ernst-Simon-Str.
10
D 72072 Tübingen
Annual rent: EUR 217,700.00
Type of ownership: Tenant
Address Waldhörnlestr.
17
D 72072 Tübingen
Annual rent: EUR 1,149,070.00
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, TÜBINGEN
Sort. code: 64070085, BIC: DEUTDESS640
Further banks
BADEN-WÜRTTEMBERGISCHE BANK, TÜBINGEN
Sort. code: 64120030, Account no.: 7477501135, BIC: SOLADEST641
KREISSPARKASSE TÜBINGEN, TÜBINGEN
Sort. code: 64150020, Account no.: 141, BIC: SOLADES1TUB
POSTBANK, STUTTGART
Sort. code: 60010070, Account no.: 1414701, BIC: PBNKDEFF600
FINANCIAL FIGURES
Turnover: 2009 EUR 89,611,060.00
2010 EUR 103,230,319.00
Expected turnover: EUR 110,600,000.00
further business figures:
Equipment: EUR 3,122,947.00
Ac/ts receivable: EUR 18,800,762.00
Liabillities: EUR
14,066,000.00
Total numbers of vehicles: 70
-
Lorries:
1
-
Passenger cars:
11
Employees: 646
BALANCE SHEETS
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 85.48
Liquidity ratio: 10.00
Return on total capital [%]: 19.42
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.
Balance
sheet grade
The balance sheet
grade is based on the following ratios: equity ratio, liquidity ratio and
return on total capital from the balance sheets published in the Federal
Gazette. It is calculated in accordance with the methodology of Euler Hermes.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2007 - 31.12.2007
ASSETS
EUR 94,485,400.89
Fixed assets
EUR 6,676,215.70
Intangible assets
EUR 1,045,733.16
Concessions, licences, rights
EUR 1,045,733.16
Tangible assets
EUR 2,404,561.14
Plant / machinery
EUR 71,073.00
Other tangible assets / fixtures and
fittings
EUR 2,333,488.14
Financial assets
EUR 3,225,921.40
Shares in participations /
subsidiaries and the like
EUR 2,281,421.48
Shares in related companies
EUR 2,281,421.48
Loans to participations /
subsidiaries and the like
EUR 944,499.92
Loans to related companies
EUR 944,499.92
Current assets
EUR 87,479,783.44
Stocks
EUR 10,759,994.90
Raw materials, consumables and
supplies
EUR 230,530.00
Finished goods / work in progress
EUR 10,631,594.00
Advance payments made
EUR 68,780.50
Minus received advance payments for
orders / installments for stocks
EUR -170,909.60
Accounts receivable
EUR 18,613,250.20
Trade debtors
EUR 10,934,815.79
Amounts due from related companies
EUR 2,576,961.46
Other debtors and assets
EUR 5,101,472.95
Investments in current assets
EUR 44,621,271.62
Other investments
EUR 44,621,271.62
Liquid means EUR 13,485,266.72
Remaining other assets
EUR 329,401.75
Accruals (assets)
EUR 329,401.75
LIABILITIES EUR 94,485,400.89
Shareholders' equity
EUR 76,485,093.99
Capital
EUR 4,000,000.00
Subscribed capital (share capital)
EUR 4,000,000.00
Reserves
EUR 4,000,000.00
Retained earnings / revenue reserves EUR 4,000,000.00
Balance sheet profit/loss (+/-)
EUR 68,485,093.99
Profit / loss brought forward
EUR 50,236,100.53
Annual surplus / annual deficit
EUR 18,248,993.46
Provisions
EUR 7,743,963.00
Pension provisions and comparable
provisions
EUR 70,535.00
Provisions for taxes
EUR 1,310,804.00
Other / unspecified provisions
EUR 6,362,624.00
Liabilities
EUR 10,256,343.90
Other liabilities
EUR 10,256,343.90
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,491,783.54
Liabilities due to shareholders
EUR 4,353,197.23
Unspecified other liabilities
EUR 4,411,363.13
thereof liabilities from tax /
financial authorities EUR 321,653.91
thereof liabilities from social
security
EUR 12,854.36
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 88,400,289.32
Inventory change + own costs (+/-)
EUR 185,857.13
Inventory change (+/-)
EUR 158,009.00
Capitalised own costs
EUR 27,848.13
Other operating income EUR 844,307.42
Cost of materials
EUR 26,688,070.41
Raw materials and supplies, purchased
goods
EUR 26,688,070.41
Gross result (+/-)
EUR 62,742,383.46
Staff expenses
EUR 25,037,095.52
Wages and salaries
EUR 21,520,289.62
Social security contributions and
expenses for pension plans and
benefits EUR 3,516,805.90
Total depreciation
EUR 1,584,206.18
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,497,731.92
Depreciation on current assets (+/-)
EUR 86,474.26
Other operating expenses
EUR 11,572,535.76
Operating result from continuing
operations
EUR 24,548,546.00
Result from participating interests
(+/-)
EUR 0.00
Interest result (+/-)
EUR 2,191,280.56
Interest and similar income
EUR 2,766,340.17
thereof from related companies EUR 37,562.74
Interest and similar expenses
EUR 575,059.61
Other financial result
EUR -580,448.79
Depreciation on financial assets and
marketable securities
EUR 580,448.79
Financial result (+/-)
EUR 1,610,831.77
Result from ordinary operations (+/-)
EUR 26,159,377.77
Income tax / refund of income tax (+/-)EUR -7,692,460.43
Other taxes / refund of taxes
EUR -217,923.88
Tax
(+/-)
EUR -7,910,384.31
Annual surplus / annual deficit
EUR 18,248,993.46
Inconsistent balance sheets:
Financial year published on
01.01.2008 - 31.12.2008 29.09.2010
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.98 |
|
UK Pound |
1 |
Rs.80.59 |
|
Euro |
1 |
Rs.69.12 |
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 |
|
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NB |
New Business |
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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.