MIRA INFORM REPORT

 

 

Report Date :           

19.04.2012

 

IDENTIFICATION DETAILS

 

Name :

ONTEC ELEKTRO- UND STEUERUNGSTECHNIK GMBH

 

 

Registered Office :

Kalkofen 10, D 95119 Naila

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

03.06.1997

 

 

Com. Reg. No.:

HRB 2589

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Retail sale of electrical household appliances

 

 

No. of Employees :

65

 

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 :

141,000 EUR

 

 

Status :

Satisfactory

 

 

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 & address 

 

ontec Elektro- und Steuerungstechnik GmbH

 

Kalkofen 10

D 95119 Naila

Telephone:        09282/931-100

Telefax:             09282/931-101

Homepage:        www.ontec.de

E-mail:              info@ontec.de

 

 

VAT no.         

 

DE187179263

 

 

Tax ID number   

 

223/134/50027

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         03.06.1997

Shareholders'

agreement:                    03.06.1997

Registered on:               10.06.1997

Commercial Register:     Local court 95030 Hof

under:                                       HRB 2589

Share capital:                 EUR             70,000.00

 

 

Shareholder

 

Volker Roßner

Weststr. 8

D 95152 Selbitz

born: 20.10.1967

Share:             EUR             35,000.00


Shareholder:

Wilhelm Puchta

Neudorf 99

D 95197 Schauenstein

born: 26.02.1958

Share:             EUR             35,000.00

 

 

Manager

 

Volker Roßner

Weststr. 8

D 95152 Selbitz

having sole power of representation

born: 20.10.1967

Profession: Master electrician

Marital status: married

 

Manager:

Wilhelm Puchta

Neudorf 99

D 95197 Schauenstein

having sole power of representation

born: 26.02.1958

Profession: Master electrician

Marital status: married

 

 

Proxy

 

Jürgen Lämmerhirt

D 95138 Bad Steben

having sole power of representation

born: 03.06.1965

 

 

Further functions/participations of Volker Roßner (Manager)

 

General partner:

                     Wilhelm Puchta und Volker Roßner

                     Kalkofen 10

                     D 95119 Naila

                     Legal form: Partnership under the Civil Code

General partner:

                     ontec Verwaltungs OHG

                     Kalkofen 10

                     D 95119 Naila

                     Legal form: General Partnership

                     Registered

                     on:         11.05.2011

                     Reg. data:  95030 Hof, HRA 4353

Shareholder:

                     ontec holding GmbH

                     Kalkofen 10

                     D 95119 Naila

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Share:             EUR             12,500.00

                     Registered

                     on:         07.08.2002

                     Reg. data:  95030 Hof, HRB 3443

Manager:

                     ontec holding GmbH

                     Kalkofen 10

                     D 95119 Naila

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         07.08.2002

                     Reg. data:  95030 Hof, HRB 3443

 

 

Further functions/participations of Wilhelm Puchta (Manager)

 

General partner:

                     Wilhelm Puchta und Volker Roßner

                     Kalkofen 10

                     D 95119 Naila

                     Legal form: Partnership under the Civil Code

General partner:

                     ontec Verwaltungs OHG

                     Kalkofen 10

                     D 95119 Naila

                     Legal form: General Partnership

                     Registered

                     on:         11.05.2011

                     Reg. data:  95030 Hof, HRA 4353

Shareholder:

                     ontec holding GmbH

                     Kalkofen 10

                     D 95119 Naila

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Share:             EUR             12,500.00

                     Registered

                     on:         07.08.2002

                     Reg. data:  95030 Hof, HRB 3443

Manager:

                     ontec holding GmbH

                     Kalkofen 10

                     D 95119 Naila

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         07.08.2002

                     Reg. data:  95030 Hof, HRB 3443

 

 

BUSINESS ACTIVITIES

 

Sectors

47540   Retail sale of electrical household appliances

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            141,000 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Kalkofen 10

                                    D 95119 Naila

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

RAIFFEISENBANK BERG-BAD STEBEN, BAD STEBEN

Sort. code: 77069836, BIC: GENODEF1BGO

 

Further banks

UNICREDIT BANK - HYPOVEREINSBANK, NAILA

Sort. code: 78020070, BIC: HYVEDEMM424

SPARKASSE HOCHFRANKEN, NAILA

Sort. code: 78050000, BIC: BYLADEM1HOF

COMMERZBANK, NAILA

Sort. code: 78040081, BIC: COBADEFF780

FINANCIAL FIGURES

 

Turnover:            2010               EUR          7,058,375.00

Profit:              2010               EUR            173,065.00

Ac/ts receivable:                       EUR          1,371,403.00

Liabilities:                           EUR          1,256,328.00

Employees:                                                     65

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 37.43

Liquidity ratio:                   1.67

Return on total capital [%]:       7.38

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 33.58

Liquidity ratio:                   0.50

Return on total capital [%]:       8.37

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                  8.20

Liquidity ratio:                   0.60

Return on total capital [%]:       5.38

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                  9.30

Liquidity ratio:                   0.41

Return on total capital [%]:       3.22

 

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.

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          2,344,983.61

 Fixed assets                           EUR            320,304.00

  Intangible assets                     EUR              1,612.00

   Other / unspecified intangible assetsEUR              1,612.00

  Tangible assets                       EUR            318,692.00

   Other / unspecified tangible assets  EUR            318,692.00

 Current assets                         EUR          2,009,953.33

  Stocks                                EUR            253,165.74

   Other / unspecified stocks           EUR            253,165.74

   Received advance payments for orders

   (depreciated on the assets side)     EUR           -751,122.38

  Accounts receivable                   EUR          1,371,403.37

   Other debtors and assets             EUR          1,371,403.37

  Liquid means                          EUR            385,384.22

 Remaining other assets                 EUR             14,726.28

  Accruals (assets)                     EUR             14,726.28

 

LIABILITIES                             EUR          2,344,983.61

 Shareholders' equity                   EUR            827,575.27

  Capital                               EUR             26,000.00

   Subscribed capital (share capital)   EUR             26,000.00

  Balance sheet profit/loss (+/-)       EUR            801,575.27

   Profit / loss brought forward        EUR            628,509.98

   Annual surplus / annual deficit      EUR            173,065.29

 Provisions                             EUR            261,080.36

 Liabilities                            EUR          1,256,327.98

  Other liabilities                     EUR          1,256,327.98

   Unspecified other liabilities        EUR          1,256,327.98

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          2,106,567.81

 Fixed assets                           EUR            412,729.00

  Intangible assets                     EUR              4,885.00

   Other / unspecified intangible assetsEUR              4,885.00

  Tangible assets                       EUR            407,844.00

   Other / unspecified tangible assets  EUR            407,844.00

 Current assets                         EUR          1,677,384.32

  Stocks                                EUR          1,009,147.82

  Accounts receivable                   EUR            485,066.63

   Other debtors and assets             EUR            485,066.63

  Liquid means                          EUR            183,169.87

 Remaining other assets                 EUR             16,454.49

  Accruals (assets)                     EUR             16,454.49

 

LIABILITIES                             EUR          2,106,567.81

 Shareholders' equity                   EUR            654,509.98

  Capital                               EUR             26,000.00

   Subscribed capital (share capital)   EUR             26,000.00

  Balance sheet profit/loss (+/-)       EUR            628,509.98

   Profit / loss brought forward        EUR            452,336.56

   Annual surplus / annual deficit      EUR            176,173.42

 Provisions                             EUR            238,211.99

 Liabilities                            EUR          1,213,845.84

  Other liabilities                     EUR          1,213,845.84

   Unspecified other liabilities        EUR          1,213,845.84

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.50

UK Pound

1

Rs.81.99

Euro

1

Rs.67.54

 

 

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.