MIRA INFORM REPORT

 

 

Report Date :

16.08.2012

 

IDENTIFICATION DETAILS

 

Name :

ARCOTEC GMBH

 

 

Registered Office :

Rotweg 24 D 71297 Mönsheim

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

07.09.1984

 

 

Com. Reg. No.:

HRB 510565

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of metal forming machinery

 

 

No. of Employees :

25

 

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 and address

 

arcotec GmbH

 

Company Status:      active

Rotweg 24

D 71297 Mönsheim

Telephone:07044/9212-0

Telefax:  07044/9212-12

Homepage: www.arcotec.com

E-mail:   info@arcotec.com

 

 

VAT no.           

 

DE144525337

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        07.09.1984

 Shareholders'

 agreement:                   07.09.1984

 Registered on:              07.01.1985

 Commercial Register:    Local court 68159 Mannheim

 under:                          HRB 510565

 

 

Share capital                       

 

EUR             25,564.59

 

 

Shareholder

 

                      Fritz Bloss

                      Sonnenrainweg 4

                      D 71297 Mönsheim

                      born: 26.06.1939

                      Share:             EUR             25,564.59

 Manager:

                      Fritz Bloss

                      Sonnenrainweg 4

                      D 71297 Mönsheim

                      having sole power of representation

                      born: 26.06.1939

                      Profession: Travelling rep.

                      Marital status: married

 Manager:

                      Peter Frei

                      D 75172 Pforzheim

                      authorized to jointly represent the company

                      born: 11.04.1969

 Proxy:

                      Hannelore Bloss

                      Sonnenrainweg 4

                      D 71297 Mönsheim

                      having sole power of representation

                      born: 15.10.1939

                      née: Mayer

                      Marital status: married

 

 FURTHER FUNCTIONS/PARTICIPATIONS OF FRITZ BLOSS (MANAGER)

 

 Shareholder:

                      arcotest GmbH

                      Rotweg 25

                      D 71297 Mönsheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         28.08.2003

                      Reg. data:  68159 Mannheim, HRB 511684

 Manager:

                      arcotest GmbH

                      Rotweg 25

                      D 71297 Mönsheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         28.08.2003

                      Reg. data:  68159 Mannheim, HRB 511684

 

 

COMPANY HISTORY

 

 07.09.1984 - 01.01.1990  ARCOTEC Oberflächentechnik GmbH

                          Sonnenrainweg 4

                          D 71297 Mönsheim

                          Private limited company

 01.01.1990 - 01.12.1994  ARCOTEC Oberflächentechnik GmbH

                          Mönsheimer Str. 20

                          D 71299 Wimsheim

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Secondary industrial sector

 28410   Manufacture of metal forming machinery

46692   Wholesale of other machinery

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2009

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Rotweg 25

                      D 71299 Wimsheim

 

 Real Estate of:      Fritz Bloss

 Type of ownership:   part owner

 Share:                 50.00 %

 Address              Sonnenrainweg 4

                      D 71297 Mönsheim

 

 Land register documents were not available.

 

 

BANKERS

 

 RAIFFEISENBANK WIMSHEIM-MÖNSHEIM, WIMSHEIM

 Sort. code: 60661906, BIC: GENODES1WIM

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR          4,400,000.00

                      2011               EUR          4,400,000.00

 Expected turnover:                      EUR          4,400,000.00

 further business figures:

 Equipment:                              EUR            196,000.00

 Ac/ts receivable:                       EUR          1,214,576.00

 Liabilities:                            EUR          1,294,394.00

 Total numbers of vehicles:                                      1

 - Passenger cars:                                               1

 Employees:                                                     25

 - Part-time employees:                                          1

 - Temporary workers:                                            1

 

 The aforementioned business figures may partly be estimated

 information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 66.05

 Liquidity ratio:                  10.00

 Return on total capital [%]:     -47.48

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 67.10

 Liquidity ratio:                  10.00

 Return on total capital [%]:      -2.47

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 65.47

 Liquidity ratio:                  10.00

 Return on total capital [%]:       7.16

 

 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          2,773,617.04

  Fixed assets                           EUR            256,242.15

   Intangible assets                     EUR              2,271.00

    Other / unspecified intangible assetsEUR              2,271.00

   Tangible assets                       EUR            249,864.69

    Other / unspecified tangible assets  EUR            249,864.69

   Financial assets                      EUR              4,106.46

    Other / unspecified financial assets EUR              4,106.46

  Current assets                         EUR          2,510,805.82

   Stocks                                EUR            545,712.78

   Accounts receivable                   EUR          1,214,576.29

    Other debtors and assets             EUR          1,214,576.29

   Investments in current assets         EUR            111,093.70

   Liquid means                          EUR            639,423.05

  Remaining other assets                 EUR              6,569.07

   Accruals (assets)                     EUR              6,569.07

 

 LIABILITIES                             EUR          2,773,617.04

  Shareholders' equity                   EUR            842,387.91

   Capital                               EUR             50,564.59

    Subscribed capital (share capital)   EUR             50,564.59

   Reserves                              EUR            400,000.00

    Retained earnings / revenue reserves EUR            400,000.00

   Balance sheet profit/loss (+/-)       EUR            391,823.32

    Profit / loss brought forward        EUR          1,708,089.23

    Annual surplus / annual deficit      EUR         -1,316,265.91

  Provisions                             EUR            636,835.00

  Liabilities                            EUR          1,294,394.13

   Other liabilities                     EUR          1,294,394.13

    Unspecified other liabilities        EUR          1,294,394.13

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR          4,061,841.91

  Fixed assets                           EUR            265,429.15

   Intangible assets                     EUR              5,472.00

   Tangible assets                       EUR            255,850.69

   Financial assets                      EUR              4,106.46

  Current assets                         EUR          3,759,376.67

   Stocks                                EUR            561,062.81

   Accounts receivable                   EUR          2,099,399.71

   Investments in current assets         EUR            109,279.23

   Liquid means                          EUR            989,634.92

  Remaining other assets                 EUR             37,036.09

   Accruals (assets)                     EUR             37,036.09

 

 LIABILITIES                             EUR          4,061,841.91

  Shareholders' equity                   EUR          2,158,653.82

   Capital                               EUR             50,564.59

    Subscribed capital (share capital)   EUR             50,564.59

   Reserves                              EUR            400,000.00

    Retained earnings / revenue reserves EUR            400,000.00

   Balance sheet profit/loss (+/-)       EUR          1,708,089.23

    Profit / loss brought forward        EUR          1,806,912.00

    Annual surplus / annual deficit      EUR            -98,822.77

  Provisions                             EUR            719,197.00

  Liabilities                            EUR          1,183,991.09

  Guarantees and other commitments       EUR          1,636,000.00

   Guarantees / warranties             EUR          1,636,000.00

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.64

UK Pound

1

Rs.87.31

Euro

1

Rs.68.81

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.