MIRA INFORM REPORT

REVISED REPORT

 

 

Report Date :

17.04.2012

 

IDENTIFICATION DETAILS

 

Name :

MS NEUMANN ELEKTRONIK GMBH

 

 

Registered Office :

Lahnstr. 30 D 45478 Mülheim

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

02.06.2004

 

 

Com. Reg. No.:

HRB 16959

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other electric equipment

 

 

No. of Employees :

67

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

60,000 EUR

Status :

Moderate

Payment Behaviour :

No Complaints

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

MS NEUMANN ELEKTRONIK GMBH

 

Company Status:      active

Lahnstr. 30

D 45478 Mülheim

Telephone:0208/5995-0

Telefax:  0208/5995-235

Homepage: www.neumann-elektronik.de

E-mail:   info@neumann-elektronik.de

 

 

VAT no.            

 

DE813988598

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         02.06.2004

Shareholders'

agreement:                    02.06.2004

Registered on:               18.06.2004

Commercial Register:     Local court 47051 Duisburg

under:                           HRB 16959

 

 

Share capital                     

 

EUR          1,000,000.00

 

 

Shareholder

 

MATTIG-SCHAUER GmbH

Gorskistr. 19

A 1230 Wien

Legal form: Other legal form

Share:  EUR          1,000,000.00

 

Manager:

Jörg Michhöfer

Gerhart-Hauptmann-Str. 63

D 47918 Tönisvorst

born: 19.03.1961

Profession: Fully qualified management

expert

 

Manager:

Frank Konrad

An der Ziegelei 7

D 45133 Essen

born: 26.03.1967

Profession: Businessman

 

 

Further functions/participations of Jörg Michhöfer

(Manager)

Manager:

Neumann Elektronik Osteuropa GmbH

Lahnstr. 30

D 45478 Mülheim

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on:         23.04.1999

Reg. data:  47051 Duisburg, HRB 15696

 

 

Further functions/participations of Frank Konrad

(Manager)

Manager:

Neumann Elektronik Service GmbH

Mainstr. 1

D 45478 Mülheim

Legal form: Private limited company

dissolved by official decree

Share capital:     EUR             60,000.00

Registered on:         19.05.2003

Reg. data:  47051 Duisburg, HRB 16360

 

 

BUSINESS ACTIVITIES

 

Sectors

2790    Manufacture of other electric equipment n.e.c.

 

PARTICIPATIONS

 

Shareholder:

Neumann Elektronik Osteuropa GmbH

Lahnstr. 30

D 45478 Mülheim

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Reg. data:  23.04.1999

Local court 47051 Duisburg

HRB 15696

 

 

FINANCIAL INFORMATION

 

Payment experience:  within 60 days

 

Negative information:We have no negative information at hand.

 

Maximum credit:      60,000 EUR

 

Balance sheet year:  2010

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Lahnstr. 30

                     D 45478 Mülheim

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK VORMALS DRESDNER BANK, MÜLHEIM AN DER RUHR

Sort. code: 36280071, BIC: DRESDEFF362

 

 

FINANCIAL FIGURES

 

Gross profit or loss:2010               EUR          5,272,892.00

Profit:              2010               EUR             -7,842.00

Equipment:                              EUR            132,380.00

Ac/ts receivable:                       EUR          2,631,286.00

Liabillities:                           EUR          5,191,896.00

Total numbers of vehicles:                                     18

- Passenger cars:                                               4

Employees:                                                     67

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 20.22

Liquidity ratio:                   0.58

Return on total capital [%]:      -0.11

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 20.98

Liquidity ratio:                   0.57

Return on total capital [%]:     -11.54

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 34.70

Liquidity ratio:                   1.04

Return on total capital [%]:     -34.15

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                  6.50

Liquidity ratio:                   0.54

Return on total capital [%]:      -4.24

 

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:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          7,073,447.95

 Fixed assets                           EUR            674,947.70

  Intangible assets                     EUR            382,143.93

   Goodwill                             EUR            142,532.00

   Other / unspecified intangible assetsEUR            239,611.93

  Tangible assets                       EUR            144,803.77

   Plant / machinery                    EUR             12,424.06

   Other tangible assets / fixtures and

   fittings                             EUR            132,379.71

  Financial assets                      EUR            148,000.00

   Shares in participations /

   subsidiaries and the like            EUR            148,000.00

    Shares in related companies         EUR            148,000.00

 Current assets                         EUR          6,392,526.39

  Stocks                                EUR          3,067,853.00

  Accounts receivable                   EUR          2,631,286.06

   Amounts due from investee companies  EUR             78,818.32

   Other debtors and assets             EUR          2,552,467.74

  Liquid means                          EUR            693,387.33

 Remaining other assets                 EUR              5,973.86

  Accruals (assets)                     EUR              5,973.86

 

LIABILITIES                             EUR          7,073,447.95

 Shareholders' equity                   EUR          1,534,272.17

  Capital                               EUR          1,000,000.00

   Subscribed capital (share capital)   EUR          1,000,000.00

  Reserves                              EUR          6,693,909.50

   Capital reserves                     EUR          6,693,909.50

  Balance sheet profit/loss (+/-)       EUR         -6,159,637.33

   Profit / loss brought forward        EUR         -6,151,795.18

   Annual surplus / annual deficit      EUR             -7,842.15

 Provisions                             EUR            347,280.00

 Liabilities                            EUR          5,191,895.78

  Financial debts                       EUR            395,907.58

   Liabilities due to banks             EUR            395,907.58

  Other liabilities                     EUR          4,795,988.20

   Liabililties due to related companiesEUR          3,317,937.02

   Unspecified other liabilities        EUR          1,478,051.18

 

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

Code (HGB)

 Gross result (+/-)                     EUR          5,272,892.46

 Staff expenses                         EUR          3,773,693.28

  Wages and salaries                    EUR          3,177,000.89

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            596,692.39

 Total depreciation                     EUR            188,056.88

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR            188,056.88

 Other operating expenses               EUR          1,447,824.92

 Operating result from continuing

 operations                             EUR           -136,682.62

 Result from participating interests

 (+/-)                                  EUR            155,520.34

  Expenses / income from participations EUR            155,520.34

   Income from related companies        EUR            155,520.34

 Interest result (+/-)                  EUR            -24,280.03

  Interest and similar income           EUR                836.87

  Interest and similar expenses         EUR             25,116.90

 Financial result (+/-)                 EUR            131,240.31

 Result from ordinary operations (+/-)  EUR             -5,442.31

 Income tax / refund of income tax (+/-)EUR              1,478.66

 Other taxes / refund of taxes          EUR             -3,878.50

 Tax (+/-)                              EUR             -2,399.84

 Annual surplus / annual deficit        EUR             -7,842.15

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          6,832,529.95

 Fixed assets                           EUR            826,747.05

  Intangible assets                     EUR            486,051.42

   Goodwill                             EUR            159,466.00

   Other / unspecified intangible assetsEUR            326,585.42

  Tangible assets                       EUR            192,695.63

   Plant / machinery                    EUR             14,517.55

   Other tangible assets / fixtures and

   fittings                             EUR            178,178.08

  Financial assets                      EUR            148,000.00

   Shares in participations /

   subsidiaries and the like            EUR            148,000.00

    Shares in related companies         EUR            148,000.00

 Current assets                         EUR          5,980,945.18

  Stocks                                EUR          2,988,696.00

  Accounts receivable                   EUR          2,279,692.36

   Amounts due from investee companies  EUR            543,746.59

   Other debtors and assets             EUR          1,735,945.77

  Liquid means                          EUR            712,556.82

 Remaining other assets                 EUR             24,837.72

  Accruals (assets)                     EUR             24,837.72

 

LIABILITIES                             EUR          6,832,529.95

 Shareholders' equity                   EUR          1,542,114.32

  Capital                               EUR          1,000,000.00

   Subscribed capital (share capital)   EUR          1,000,000.00

  Reserves                              EUR          6,693,909.50

   Capital reserves                     EUR          6,693,909.50

  Balance sheet profit/loss (+/-)       EUR         -6,151,795.18

   Profit / loss brought forward        EUR         -5,391,053.95

   Annual surplus / annual deficit      EUR           -760,741.23

 Provisions                             EUR            563,647.00

 Liabilities                            EUR          4,726,768.63

  Financial debts                       EUR            396,580.71

   Liabilities due to banks             EUR            396,580.71

  Other liabilities                     EUR          4,330,187.92

   Unspecified other liabilities        EUR          4,330,187.92

 

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

Code (HGB)

 Gross result (+/-)                     EUR          4,923,225.34

 Staff expenses                         EUR          3,968,553.73

  Wages and salaries                    EUR          3,348,928.18

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            619,625.55

 Total depreciation                     EUR            206,412.66

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR            206,412.66

 Other operating expenses               EUR          1,501,349.44

 Operating result from continuing

 operations                             EUR           -753,090.49

 Interest result (+/-)                  EUR             -6,987.57

  Interest and similar income           EUR              5,716.50

  Interest and similar expenses         EUR             12,704.07

 Financial result (+/-)                 EUR             -6,987.57

 Result from ordinary operations (+/-)  EUR           -760,078.06

 Income tax / refund of income tax (+/-)EUR              4,439.41

 Other taxes / refund of taxes          EUR             -5,102.58

 Tax (+/-)                              EUR               -663.17

 Annual surplus / annual deficit        EUR           -760,741.23

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.66

UK Pound

1

Rs.81.79

Euro

1

Rs.67.18

 

 

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.