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Report Date : |
08.12.2012 |
IDENTIFICATION DETAILS
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Name : |
SENTECH INSTRUMENTS GMBH |
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Registered Office : |
Schwarzschildstr. 2, D 12489 Berlin |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
13.09.1990 |
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Com. Reg. No.: |
HRB 33353 B |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of instruments and appliances for measuring, testing and navigation |
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No. of Employees : |
50 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
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Source : CIA |
Sentech Instruments GmbH
Schwarzschildstr. 2
D 12489 Berlin
Telephone 030/63925520
Telefax: 030/63925522
Homepage: www.sentech.de
E-mail: info@sentech.de
Company Status: active
DE137205446
LEGAL FORM Private limited company
Date of foundation: 13.09.1990
Shareholders'
agreement: 13.09.1990
Registered on: 16.10.1990
Commercial Register: Local court 14057 Berlin
under: HRB 33353 B
Share capital: EUR 51,129.18
Dr. Albrecht Krüger
Pilgramer Str. 132
D 12623 Berlin
born: 22.05.1947
Share: EUR 25,564.59
Shareholder:
Dr.rer.nat. Helmut A. Witek
Bahnhofstr. 20
D 82152 Planegg
born: 01.06.1942
Share: EUR 25,564.59
Dr. Albrecht Krüger
Pilgramer Str. 132
D 12623 Berlin
having sole power of representation
born: 22.05.1947
Profession: Physicist
Manager:
Dr.rer.nat. Helmut A. Witek
Bahnhofstr. 20
D 82152 Planegg
having sole power of representation
born: 01.06.1942
Profession: Physicist
Further functions/participations of
Dr.rer.nat. Helmut A. Witek
(Manager)
Shareholder:
SENTECH Gesellschaft für Sensortechnik mbH
Konrad-Zuse-Bogen 13
D 82152 Krailling
Legal form: Private limited company
Share capital: EUR 102,258.38
Share: EUR 102,258.38
Registered
on: 26.01.1987
Reg. data: 80797 München, HRB 80533
Manager:
SENTECH Gesellschaft für Sensortechnik mbH
Konrad-Zuse-Bogen 13
D 82152 Krailling
Legal form: Private limited company
Share capital: EUR 102,258.38
Registered
on: 26.01.1987
Reg. data: 80797 München, HRB 80533
13.09.1990 - 31.12.1999 Sentech Instruments GmbH
Rudower Chaussee 6
D 12489 Berlin
Private limited company
31.12.1999 - 04.09.2012 Sentech Instruments GmbH
Carl-Scheele-Str. 16
D 12489 Berlin
Private limited company
Main industrial
sector
26511 Manufacture of instruments and appliances for measuring, testing and navigation
46903 Non-specialized wholesale trade
Secondary
industrial sector
72190 Other research and experimental development on natural sciences and engineering
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Schwarzschildstr. 2
D 12489 Berlin
Land register documents were not available.
COMMERZBANK BERLIN (WEST), BERLIN
Sort. code: 10040000, BIC: COBADEBBXXX
Turnover: 2010 EUR 6,000,000.00
2011 EUR 7,400,000.00
Expected
turnover: EUR 9,250,000.00
Profit: 2010 EUR 689,248.00
further business
figures:
Equipment: EUR 375,000.00
Ac/ts
receivable:
EUR 1,394,063.00
Liabilities: EUR 3,522,279.00
Employees:
50
The aforementioned business figures may partly be estimated information based on average values in the line of business.
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 26.77
Liquidity
ratio: 0.55
Return on total
capital [%]: 8.49
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 25.60
Liquidity
ratio: 0.47
Return on total
capital [%]: 6.76
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 37.46
Liquidity
ratio: 4.49
Return on total
capital [%]: 10.80
Balance sheet ratios
01.01.2007 - 31.12.2007
Equity ratio
[%]: 37.04
Liquidity
ratio: 5.63
Return on total
capital [%]: 9.88
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 8,157,574.54
Fixed assets EUR 4,090,521.86
Intangible assets EUR 83,198.00
Other / unspecified
intangible assetsEUR
83,198.00
Tangible assets EUR 3,601,479.86
Other / unspecified
tangible assets EUR 3,601,479.86
Financial assets EUR 405,844.00
Other / unspecified
financial assets EUR
405,844.00
Current assets EUR 4,036,909.87
Stocks EUR 1,669,763.00
Accounts receivable EUR 1,394,062.69
Other debtors and
assets EUR 1,394,062.69
Liquid means EUR 973,084.18
Remaining other
assets EUR 30,142.81
Accruals (assets) EUR 30,142.81
LIABILITIES EUR 8,157,574.54
Shareholders' equity EUR 2,214,649.77
Capital EUR 51,129.19
Subscribed capital
(share capital) EUR 51,129.19
Balance sheet
profit/loss (+/-) EUR 2,163,520.58
Profit / loss brought
forward EUR 1,474,272.97
Annual surplus / annual
deficit EUR 689,247.61
Items between
shareholders' equity and
debt capital EUR 724,089.00
Allowances /
bonuses EUR 724,089.00
Provisions EUR 1,682,567.00
Liabilities EUR 3,522,278.77
Other liabilities EUR 3,522,278.77
Unspecified other
liabilities EUR 3,522,278.77
Other liabilities EUR 13,990.00
Deferrals
(liabilities) EUR 13,990.00
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2009 - 31.12.2009
ASSETS EUR 5,938,518.29
Fixed assets EUR 3,304,279.94
Intangible assets EUR 13,154.00
Other / unspecified
intangible assetsEUR
13,154.00
Tangible assets EUR 2,904,504.61
Other / unspecified
tangible assets EUR 2,904,504.61
Financial assets EUR 386,621.33
Other / unspecified
financial assets EUR
386,621.33
Current assets EUR 2,596,503.88
Stocks EUR 761,927.23
Accounts receivable EUR 942,817.22
Other debtors and
assets EUR 942,817.22
Liquid means EUR 891,759.43
Remaining other
assets EUR 37,734.47
Accruals (assets) EUR 37,734.47
LIABILITIES EUR 5,938,518.29
Shareholders' equity EUR 1,525,402.16
Capital EUR 51,129.19
Subscribed capital
(share capital) EUR 51,129.19
Balance sheet
profit/loss (+/-) EUR 1,474,272.97
Profit / loss brought
forward EUR 1,073,025.22
Annual surplus / annual
deficit EUR 401,247.75
Items between
shareholders' equity and
debt capital EUR 244,240.00
Allowances /
bonuses EUR 244,240.00
Provisions EUR 1,292,106.00
Liabilities EUR 2,876,770.13
Other liabilities EUR 2,876,770.13
Unspecified other
liabilities EUR 2,876,770.13
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.20 |
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UK Pound |
1 |
Rs.86.99 |
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Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.