MIRA INFORM REPORT

 

 

Report Date :

15.12.2012

 

IDENTIFICATION DETAILS

 

Name :

ZERA GMBH

 

 

Registered Office :

Hauptstr. 392 D 53639 Königswinter

 

 

Country :

Germany

 

 

Date of Incorporation :

1920

 

 

Reg. No.:

HRB 7073

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of instruments and appliances for measuring, testing and navigation

 

 

No. of Employees :

114

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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.

 

Source : CIA

 

 

 Company name and address

 

ZERA GMBH

 

 Company Status:         active

                                    Hauptstr. 392

                                    D 53639 Königswinter

                                    Telephone:02223/704-0

                                    Telefax:  02223/704-70

                                    Homepage: www.zera.de

                                    E-mail:   info@zera.de

 

 VAT no.:                      DE218515479

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM              Private limited company

 Date of foundation:      1920

 Shareholders'

 agreement:                   29.03.2001

 Registered on:             08.05.2001

 Commercial Register:   Local court 53721 Siegburg

 under:                          HRB 7073

 

 Share capital:                          EUR            105,000.00

 Number of

 shareholders:                                                  25

 Shareholder total capital:           EUR            105,000.00

 

 Manager:

                      Rainer Otto

                      Siebengebirgsstr. 51

                      D 53639 Königswinter

                      having sole power of representation

                      born: 06.09.1957

                      Profession: Businessman

                      Marital status: unknown

 Manager:

                      Dr. Prosper Suwelack

                      Eduard-Berdel-Str. 4

                      D 56203 Höhr-Grenzhausen

                      having sole power of representation

                      born: 12.07.1954

                      Marital status: unknown

 Proxy:

                      Helmut Monschau

                      Karl-Simrock-Str. 5

                      D 53604 Bad Honnef

                      authorized to jointly represent the company

                      born: 13.02.1957

                      Profession: Businessman

                      Marital status: unknown

 Proxy:

                      Werner Schniggenberg

                      D 53639 Königswinter

                      authorized to jointly represent the company

                      born: 31.08.1947

                      Profession: Businessman

                      Marital status: unknown

 Proxy:

                      Guido Parraga Buitrago

                      Verweyenstr. 26

                      D 53121 Bonn

                      authorized to jointly represent the company

                      born: 28.03.1973

                      Profession: Businessman

                      Marital status: single

 

 

 COMPANY HISTORY

 

 01.08.1922 -     07.05.2001  Zera elektrische Prüfgeräte GmbH & Co.

                          KG (HRA 809)

                          Hauptstr. 392

                          D 53639 Königswinter

                          Ltd partnership with priv. ltd. company

                          as general partner

 08.05.2001 -     15.05.2001  Zera GmbH

                          Hauptstr. 392

                          D 53639 Königswinter

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 26512   Manufacture of instruments and appliances for measuring, testing and navigation

  46520   Wholesale of electronic and telecommunications equipment and parts

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:   We have no negative information at hand.

 

 Balance sheet year:      2010

 

 

REAL ESTATE

 

 Type of ownership:       proprietor

 Share:                          100.00 %

 Address                       Hauptstr. 392

                                    D 53639 Königswinter

 Value at selling price:                 EUR          2,000,000.00

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 KREISSPARKASSE SIEGBURG, SIEGBURG

 Sort. code: 38650000, BIC: WELADED1SGB

 

 Further banks

 KREISSPARKASSE KÖLN, KÖNIGSWINTER

 Sort. code: 37050299, Account no.: 1078492, BIC: COKSDE33XXX

 COMMERZBANK, BONN

 Sort. code: 38040007, Account no.: 113313100, BIC: COBADEFF380

 DEUTSCHE BANK, BONN

 Sort. code: 38070059, Account no.: 57051500, BIC: DEUTDEDK380

 

 

 FINANCIAL FIGURES

 

 Gross profit or loss:2010               EUR          8,318,229.00

                      2011               EUR          9,000,000.00

 Profit:              2010               EUR            428,140.00

 further business figures:

 Equipment:                              EUR            258,958.00

 Ac/ts receivable:                       EUR          2,900,944.00

 Liabilities:                            EUR          2,117,896.00

 Employees:                                                    114

 - thereof permanent staff:                                     93

 - Part-time employees:                                          3

 - Trainees:                                                    10

 - Temporary workers:                                            6

 

 

 BALANCE SHEETS

 

 Balance sheet ratios                 01.01.2010 - 31.12.2010

 Equity ratio [%]:                       11.94

 Liquidity ratio:                          7.67

 Return on total capital [%]:       4.96

 

 

 Balance sheet ratios                 01.01.2009 - 31.12.2009

 Equity ratio [%]:                       12.65

 Liquidity ratio:                          4.36

 Return on total capital [%]:       5.36

 

 Balance sheet ratios                 01.01.2008 - 31.12.2008

 Equity ratio [%]:                       8.75

 Liquidity ratio:                          2.09

 Return on total capital [%]:       2.86

 

 Balance sheet ratios                 01.01.2007 - 31.12.2007

 Equity ratio [%]:                       6.52

 Liquidity ratio:                          1.07

 Return on total capital [%]:       3.36

 

 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          8,650,088.41

  Fixed assets                           EUR            933,348.28

   Intangible assets                     EUR              7,178.13

   Tangible assets                       EUR            913,431.49

    Land / similar rights                EUR            255,741.62

    Plant / machinery                    EUR            398,732.28

    Other tangible assets / fixtures and

    fittings                             EUR            258,957.59

   Financial assets                      EUR             12,738.66

  Current assets                         EUR          7,713,186.88

   Stocks                                EUR          3,069,757.82

   Accounts receivable                   EUR          2,900,943.52

    Amounts due from related companies   EUR            580,642.11

    Other debtors and assets             EUR          2,320,301.41

   Liquid means                          EUR          1,742,485.54

  Remaining other assets                 EUR              3,553.25

   Accruals (assets)                     EUR              3,553.25

 

 LIABILITIES                             EUR          8,650,088.41

  Shareholders' equity                   EUR          1,055,338.63

   Capital                               EUR             73,250.00

    Subscribed capital (share capital)   EUR            105,000.00

     thereof not yet paid-up capital     EUR             31,750.00

      thereof uncalled outstanding

      contributions                      EUR             31,750.00

   Balance sheet profit/loss (+/-)       EUR            982,088.63

    Profit / loss brought forward        EUR            745,069.02

    Annual surplus / annual deficit      EUR            428,140.12

    withdrawn/distributed                EUR            191,120.51

  Provisions                             EUR          5,476,853.30

  Liabilities                            EUR          2,117,896.48

   Financial debts                       EUR            709,885.36

    Liabilities due to banks             EUR            709,885.36

   Other liabilities                     EUR          1,408,011.12

    Unspecified other liabilities        EUR          1,408,011.12

 

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

 Code (HGB)

  Gross result (+/-)                     EUR          8,318,229.18

  Staff expenses                         EUR          4,873,796.37

   Wages and salaries                    EUR          4,099,972.06

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            773,824.31

  Total depreciation                     EUR            207,131.80

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            207,131.80

  Other operating expenses               EUR          2,386,518.71

  Operating result from continuing

  operations                             EUR            850,782.30

  Interest result (+/-)                  EUR           -263,626.87

   Interest and similar income           EUR              3,270.83

   Interest and similar expenses         EUR            266,897.70

  Financial result (+/-)                 EUR           -263,626.87

  Result from ordinary operations (+/-)  EUR            587,155.43

  Income tax / refund of income tax (+/-)EUR           -153,214.18

  Other taxes / refund of taxes          EUR             -5,801.13

  Tax (+/-)                              EUR           -159,015.31

  Annual surplus / annual deficit        EUR            428,140.12

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          8,618,657.50

  Fixed assets                           EUR            973,384.53

   Intangible assets                     EUR              9,811.13

    Other / unspecified intangible assetsEUR              9,811.13

   Tangible assets                       EUR            950,834.74

    Land / similar rights                EUR            271,435.87

    Plant / machinery                    EUR            374,553.78

    Other tangible assets / fixtures and

    fittings                             EUR            304,845.09

   Financial assets                      EUR             12,738.66

    Other / unspecified financial assets EUR             12,738.66

  Current assets                         EUR          7,641,832.49

   Stocks                                EUR          3,760,029.56

   Accounts receivable                   EUR          2,447,223.85

    Other debtors and assets             EUR          2,447,223.85

   Investments in current assets         EUR            213,665.51

    Own shares                           EUR            213,665.51

   Liquid means                          EUR          1,220,913.57

  Remaining other assets                 EUR              3,440.48

   Accruals (assets)                     EUR              3,440.48

 

 LIABILITIES                             EUR          8,618,657.50

  Shareholders' equity                   EUR          1,141,591.16

   Capital                               EUR            105,000.00

    Subscribed capital (share capital)   EUR            105,000.00

   Reserves                              EUR            213,665.00

    Retained earnings / revenue reserves EUR            213,665.00

   Balance sheet profit/loss (+/-)       EUR            822,926.16

    Balance sheet profit / loss          EUR            822,926.16

  Provisions                             EUR          5,707,175.18

  Liabilities                            EUR          1,769,891.16

   Financial debts                       EUR            771,196.34

    Liabilities due to banks             EUR            771,196.34

   Other liabilities                     EUR            998,694.82

    Unspecified other liabilities        EUR            998,694.82

 

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

 Code (HGB)

  Gross result (+/-)                     EUR          9,004,519.38

  Staff expenses                         EUR          5,859,789.21

   Wages and salaries                    EUR          4,216,277.80

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,643,511.41

  Total depreciation                     EUR            206,866.17

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            206,866.17

  Other operating expenses               EUR          2,069,519.06

  Operating result from continuing

  operations                             EUR            868,344.94

  Interest result (+/-)                  EUR            -47,713.49

   Interest and similar income           EUR             14,763.28

   Interest and similar expenses         EUR             62,476.77

  Financial result (+/-)                 EUR            -47,713.49

  Result from ordinary operations (+/-)  EUR            820,631.45

  Income tax / refund of income tax (+/-)EUR           -356,560.93

  Other taxes / refund of taxes          EUR             -5,639.89

  Tax (+/-)                              EUR           -362,200.82

  Annual surplus / annual deficit        EUR            458,430.63

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.39

UK Pound

1

Rs.87.78

Euro

1

Rs.71.29

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.