MIRA INFORM REPORT

 

 

Report Date :

11.08.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

SYSTHERMS GMBH THERMISCHE SYSTEME UND SERVICE

 

 

Registered Office :

Friedrich-Koenig-Str. 6, D 97297 Waldbüttelbrunn

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

22.12.1997

 

 

Com. Reg. No.:

HRB 6195

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of other general-purpose machinery

 

 

No. of Employees :

17

 

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

 

 

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

 

Systherms GmbH Thermische Systeme und Service

 

Company Status:           active

 

Company address 

 

Friedrich-Koenig-Str. 6

D 97297 Waldbüttelbrunn

Telephone:        0931/35943-0

Telefax:             0931/35943-20

Homepage:        www.systherms.de

E-mail:              info@systherms.de

 

 

VAT no           

 

DE193540369

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         22.12.1997

Shareholders'

agreement:                    22.12.1997

Registered on:               30.04.1998

Commercial Register:     Local court 97070 Würzburg

under:                                       HRB 6195

Share capital:                 EUR            100,000.00

 

 

Shareholder

 

Günter Reuß

Halbrunnenweg 90

D 97877 Wertheim

born: 08.12.1960

Share:             EUR             50,000.00

 

Shareholder:

Paul Heilmann

Riedstr. 8

D 63477 Maintal

born: 12.08.1948

Share:             EUR             50,000.00

 

 

Manager

 

Günter Reuß

Halbrunnenweg 90

D 97877 Wertheim

having sole power of representation

born: 08.12.1960

Profession: graduate engineer

Marital status: married

 

Further functions/participations of Günter Reuß (Manager)

 

Practising person:

                      Günter Reuß

                      Sedanstr. 27

                      D 97082 Würzburg

                      Legal form: Independent profession

 

 

COMPANY HISTORY

 

24.07.1998 - 06.05.2003  Systherms GmbH Thermische Systeme und

                          Service

                          Sedanstr.

                           97082 Würzburg

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

·         28290   Manufacture of other general-purpose machinery

4719    Other retail sale in non-specialized stores

62030   Computer facilities management activities

96090   Other service activities n. e. c.

 

 

 

FINANCIAL INFORMATION

 

Payment experience:     without complaints

Negative information:      We have no negative information at hand.

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         usufruct

Address                        Friedrich-Koenig-Str. 6

                                    D 97297 Waldbüttelbrunn

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, WÜRZBURG

Sort. code: 79070016, BIC: DEUTDEMM790

 

Further banks

FÜRSTLICH CASTELLSCHE BANK CREDIT-CASSE, WÜRZBURG

Sort. code: 79030001, BIC: FUCEDE77XXX

 

COMMERZBANK WÜRZBURG, WÜRZBURG

Sort. code: 79040047, BIC: COBADEFF790

 

 

FINANCIAL FIGURES

 

 Turnover:            2011               EUR          2,273,500.00

 Profit:              2010               EUR             10,447.00

 further business figures:

 Equipment:                              EUR            127,500.00

 Ac/ts receivable:                       EUR            608,531.00

 Liabilities:                            EUR          1,067,970.00

 Employees:                                                     17

 - thereof permanent staff:                                     12

 - Temporary workers:                                            5

 

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 [%]:                 40.50

 Liquidity ratio:                   1.06

 Return on total capital [%]:       0.46

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 30.87

 Liquidity ratio:                   0.60

 Return on total capital [%]:       1.38

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 22.72

 Liquidity ratio:                   0.83

 Return on total capital [%]:       3.75

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 13.00

 Liquidity ratio:                   0.50

 Return on total capital [%]:       4.00

 

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          2,275,674.27

  Fixed assets                           EUR             90,133.50

   Intangible assets                     EUR             42,839.00

    Other / unspecified intangible assetsEUR             42,839.00

   Tangible assets                       EUR             47,294.50

    Other / unspecified tangible assets  EUR             47,294.50

  Current assets                         EUR          2,175,717.83

   Stocks                                EUR            902,454.15

   Accounts receivable                   EUR            608,531.43

    Other debtors and assets             EUR            608,531.43

   Investments in current assets         EUR            170,314.14

   Liquid means                          EUR            494,418.11

  Remaining other assets                 EUR              9,822.94

   Accruals (assets)                     EUR              9,822.94

 

 LIABILITIES                             EUR          2,275,674.27

  Shareholders' equity                   EUR            934,374.68

   Capital                               EUR            100,000.00

    Subscribed capital (share capital)   EUR            100,000.00

   Balance sheet profit/loss (+/-)       EUR            834,374.68

    Profit / loss brought forward        EUR            823,927.59

    Annual surplus / annual deficit      EUR             10,447.09

  Provisions                             EUR            273,330.08

  Liabilities                            EUR          1,067,969.51

   Other liabilities                     EUR          1,067,969.51

    Unspecified other liabilities        EUR          1,067,969.51

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          3,028,584.54

  Fixed assets                           EUR             88,061.50

   Intangible assets                     EUR             14,140.50

    Other / unspecified intangible assetsEUR             14,140.50

   Tangible assets                       EUR             73,921.00

    Other / unspecified tangible assets  EUR             73,921.00

  Current assets                         EUR          2,765,061.33

   Stocks                                EUR          1,205,348.36

   Accounts receivable                   EUR            573,613.12

    Other debtors and assets             EUR            573,613.12

   Investments in current assets         EUR            170,314.14

   Liquid means                          EUR            815,785.71

  Remaining other assets                 EUR            175,461.71

   Accruals (assets)                     EUR            175,461.71

 

 LIABILITIES                             EUR          3,028,584.54

  Shareholders' equity                   EUR            939,927.75

   Capital                               EUR            100,000.00

    Subscribed capital (share capital)   EUR            100,000.00

   Balance sheet profit/loss (+/-)       EUR            839,927.75

    Profit / loss brought forward        EUR            798,112.42

    Annual surplus / annual deficit      EUR             41,815.33

  Provisions                             EUR            313,173.64

  Liabilities                            EUR          1,775,483.15

   Other liabilities                     EUR          1,775,483.15

    Unspecified other liabilities        EUR          1,775,483.15

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.86.45

Euro

1

Rs.68.43

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.