MIRA INFORM REPORT
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Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
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Name : |
CST COLOUR SCANNER TECHNOLOGY GMBH |
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Registered Office : |
Konigsberger Strasse 117 Krefeld, 47809 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
28.11.1989 |
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Com. Reg. No.: |
3995 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of computers and other information processing equipment |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 (31.03.2011) |
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.
Source
: CIA
Company
name and address
CST Colour Scanner
Technology GmbH
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Business
Description
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CST Colour Scanner Technology GmbH is primarily engaged in manufacture
of automatic data processing machines including micro-computers (digital
machines, analogue machines, hybrid machines); manufacture of peripheral
units (printers, terminals, etc., magnetic or optical readers, and machines
for transcribing data onto data media in coded form). |
Industry
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Industry |
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ANZSIC 2006: |
2421 - Computer and Electronic Office Equipment
Manufacturing |
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NACE 2002: |
3002 - Manufacture of computers and other
information processing equipment |
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NAICS 2002: |
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UK SIC 2003: |
3002 - Manufacture of computers and other
information processing equipment |
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UK SIC 2007: |
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US SIC 1987: |
3577 - Computer Peripheral Equipment, Not Elsewhere
Classified |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate
Overview
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Executives
Report
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Provisions |
0.9 |
1.6 |
1.5 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.1 |
0.1 |
0.1 |
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Total reserves |
0.1 |
- |
- |
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Profits for the year |
1.0 |
1.0 |
0.7 |
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Profit brought forward from previous year(s) |
1.0 |
0.7 |
0.4 |
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Total stockholders equity |
1.2 |
1.1 |
0.7 |
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Other provisions |
0.9 |
- |
- |
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Provisions and allowances |
0.9 |
1.6 |
1.5 |
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Total long-term liabilities |
- |
0.2 |
0.3 |
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Total current liabilities |
2.6 |
2.5 |
3.5 |
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Total liabilities (including net worth) |
4.7 |
5.4 |
6.0 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.1 |
0.1 |
0.1 |
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Total financial assets |
0.0 |
1.0 |
0.9 |
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Total non-current assets |
0.1 |
1.1 |
1.0 |
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Net stocks and work in progress |
2.1 |
2.2 |
2.8 |
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Total receivables |
2.4 |
2.1 |
2.1 |
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Cash and liquid assets |
0.0 |
0.0 |
0.1 |
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Total current assets |
4.5 |
4.3 |
5.0 |
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Prepaid expenses and deferred costs |
0.1 |
0.0 |
- |
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Total assets |
4.7 |
5.4 |
6.0 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
17.25 |
17.15 |
14.13 |
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Acid test ratio |
9.17 |
8.51 |
6.19 |
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Total liabilities to net worth |
0.22% |
0.25% |
0.51% |
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Net worth to total assets |
0.03% |
0.02% |
0.01% |
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Current liabilities to net worth |
0.22% |
0.23% |
0.48% |
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Current liabilities to stock |
0.12% |
0.12% |
0.13% |
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Fixed assets to net worth |
0.01% |
0.10% |
0.13% |
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Net worth |
1.2 |
1.1 |
0.7 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.08 |
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1 |
Rs.89.53 |
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Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.