|
Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
DIESEL TECHNIC AG |
|
|
|
|
Registered Office : |
Wehrmannsdamm
5-9 D 27245 Kirchdorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1972 |
|
|
|
|
Com. Reg. No.: |
HRB 100414 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Manufacture of other parts and
accessories for motor vehicles |
|
|
|
|
No. of Employees : |
161 |
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 |
|
Maximum Credit Limit : |
250,000 EUR |
|
Status : |
Good |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Diesel Technic AG
Company Status: active
Wehrmannsdamm 5-9
D 27245 Kirchdorf
Telephone:04273/89-0
Telefax: 04273/897427
Homepage: www.dieseltechnic.com
E-mail:
info@dieseltechnic.com
DE116579235
Business relations are
permissible.
LEGAL FORM Public limited company
Date of foundation: 1972
Registered on: 25.08.1999
Commercial Register: Local court 29664 Walsrode
under: HRB
100414
EUR 2,700,000.00
Erwin Naujoks
Schelmenbühl 12
D 78333 Stockach
born: 16.03.1949
Share:
46.150 %
Shareholder:
Horst Lieberwirth
Turm 2
D 17252 Roggentin
born: 09.12.1949
Share:
53.850 %
President of the Board
of Directors:
Dr. Steffen Vondran
D 32469 Petershagen
born: 17.03.1971
Member of the
Board of Directors:
Susanne Küfe-Vorholt
D 27232 Sulingen
born: 07.10.1956
Member of the
Board of Directors:
Ralf Nädtke
D 27232 Sulingen
born: 14.09.1968
Member of the
Board of Directors:
Frank Behrens
D 27245 Kirchdorf
born: 20.08.1968
President of the
Supervisory Board:
Horst Lieberwirth
Turm 2
D 17252 Roggentin
born: 09.12.1949
Profession: Businessman
Member of the
Supervisory Board:
Erwin Naujoks
Schelmenbühl 12
D 78333 Stockach
born: 16.03.1949
Marital status: married
Member of the
Supervisory Board:
Dr. Uwe Lenz
D 28195 Bremen
Profession: lawyer and notary
Proxy:
Hannelore Koop
D 27232 Sulingen
authorized to jointly represent the company
born: 06.09.1962
05.10.1972 -
25.08.1999 DT - Diesel Technic GmbH
Wehrmannsdamm 5-9
D
27245 Kirchdorf
Private limited company
25.08.1999 -
08.12.2008 DT - Dieseltechnic
Aktiengesellschaft
(bis 08.12.2008)
Wehrmannsdamm 5-9
D
27245 Kirchdorf
Public limited company
08.12.2008 -
22.08.2011 DT-Diesel Technic AG (bis
22.08.2011)
Wehrmannsdamm 5-9
D
27245 Kirchdorf
Public limited company
05.08.2003 -
09.03.2010 Vice-president of the
Supervisory Board
Dr. Uwe Lenz
D
28195 Bremen
Sectors
29320 Manufacture of other parts and accessories
for motor
vehicles
45310 Wholesale trade in
motor vehicle parts and accessories
45320 Retail trade in
motor vehicle parts and accessories
Payment experience: cash discount/within agreed terms
Negative information:We
have no negative information at hand.
Maximum credit: 250,000 EUR
Balance sheet year: 2010
Type of ownership: proprietor
Share: 100.00 %
Address Wehrmannsdamm 5-9
D
27245 Kirchdorf
Land register documents
were not available.
DEUTSCHE BANK, BREMEN
Sort. code: 29070050, BIC:
DEUTDEHBXXX
COMMERZBANK, OSNABRÜCK
Sort. code: 26540070, BIC:
COBADEFF265
KREISSPARKASSE GRAFSCHAFT
DIEPHOLZ, DIEPHOLZ
Sort. code: 25651325, BIC:
BRLADE21DHZ
VOLKSBANK SULINGEN,
SULINGEN
Sort. code: 25691633, BIC:
GENODEF1SUL
Turnover: 2010 EUR 64,006,539.00
Profit: 2010 EUR 11,930,828.00
Equipment: EUR 1,560,306.00
Ac/ts
receivable:
EUR 10,533,323.00
Liabillities: EUR 12,908,135.00
Employees:
161
-
thereof permanent staff: 156
-
Temporary workers: 4
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 61.91
Liquidity ratio: 2.02
Return on total capital [%]: 23.67
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 70.70
Liquidity ratio: 3.33
Return on total capital [%]: 17.10
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 64.96
Liquidity ratio: 1.34
Return on total capital [%]: 16.94
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 62.46
Liquidity ratio: 2.41
Return on total capital [%]: 17.81
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 50,737,098.62
Fixed assets
EUR 11,249,832.57
Intangible assets
EUR 600,489.95
Concessions,
licences, rights EUR 600,489.95
Tangible assets
EUR 8,750,231.31
Land / similar rights
EUR 5,952,532.49
Other tangible assets / fixtures and
fittings EUR 1,560,305.59
Advance payments made / construction
in progress
EUR 1,237,393.23
Financial assets
EUR 1,899,111.31
Shares in participations /
subsidiaries and the like EUR 1,211,539.59
Shares in related companies
EUR 1,211,539.59
Loans to participations /
subsidiaries and the like
EUR 46,570.72
Loans to related companies
EUR 46,570.72
Securities included in fixed assets
EUR 641,001.00
Current assets
EUR 39,171,032.00
Stocks
EUR 20,954,529.89
Raw materials, consumables and
supplies
EUR 448,697.25
Finished goods / work in progress
EUR 20,396,609.58
Advance payments made
EUR 109,223.06
Accounts receivable EUR 10,533,323.30
Trade debtors
EUR 7,414,277.92
Amounts due from related companies
EUR 1,446,372.62
Other debtors and assets
EUR 1,672,672.76
Liquid means EUR 7,683,178.81
Remaining other assets
EUR 316,234.05
Accruals (assets)
EUR 316,234.05
LIABILITIES EUR 50,737,098.62
Shareholders'
equity EUR 31,527,717.05
Capital
EUR 2,700,000.00
Subscribed capital (share capital)
EUR 2,700,000.00
Reserves
EUR 270,000.00
Retained earnings / revenue reserves EUR 270,000.00
Balance sheet profit/loss (+/-)
EUR 28,557,717.05
Balance sheet profit / loss
EUR 28,557,717.05
Provisions
EUR 6,301,247.00
Pension provisions and comparable
provisions
EUR 830,436.00
Provisions for taxes
EUR 957,311.00
Other / unspecified provisions
EUR 4,513,500.00
Liabilities
EUR 12,908,134.57
Financial debts
EUR 7,847,653.78
Liabilities due to banks
EUR 7,847,653.78
Other liabilities
EUR 5,060,480.79
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,711,908.97
Liabililties due to related companiesEUR 19,388.48
Unspecified other liabilities
EUR 1,329,183.34
thereof liabilities from tax /
financial authorities
EUR 746,003.82
thereof liabilities from social
security
EUR 19,451.88
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 64,006,539.23
Other operating income
EUR 1,128,899.03
Cost of materials
EUR 36,784,111.00
Raw
materials and supplies, purchased
goods
EUR 36,778,102.51
Purchased services
EUR 6,008.49
Gross result (+/-)
EUR 28,351,327.26
Staff expenses EUR 10,242,954.88
Wages and salaries
EUR 8,988,137.04
Social security contributions and
expenses for pension plans and
benefits
EUR 1,254,817.84
Total depreciation EUR 655,782.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 655,782.01
Other operating expenses
EUR 7,751,639.43
Operating result from continuing
operations
EUR 9,700,950.94
Result from participating interests
(+/-)
EUR 5,210,649.31
Expenses / income from participations EUR 5,210,649.31
Income from related companies
EUR 5,210,649.31
Interest result (+/-)
EUR -116,174.82
Interest and similar income
EUR 99,956.38
thereof from related companies
EUR 12,023.54
Interest and similar expenses
EUR 216,131.20
Other financial result
EUR 3,467.96
Income from securities and loans from
financial assets EUR 3,467.96
thereof related companies
EUR 3,467.96
Financial result (+/-)
EUR 5,097,942.45
Result from ordinary operations (+/-)
EUR 14,798,893.39
Extraordinary expenses
EUR 9,831.00
Extraordinary result (+/-)
EUR -9,831.00
Income tax / refund of income tax (+/-)EUR -2,836,721.00
Other taxes / refund of taxes
EUR -21,513.62
Tax
(+/-)
EUR -2,858,234.62
Annual surplus / annual deficit
EUR 11,930,827.77
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS
EUR 36,820,657.37
Fixed assets
EUR 9,851,037.35
Intangible assets
EUR 432,781.40
Concessions, licences, rights
EUR 432,781.40
Tangible
assets EUR 7,545,090.79
Land / similar rights
EUR 6,148,399.57
Other tangible assets / fixtures and
fittings
EUR 1,370,049.52
Advance payments made / construction
in progress
EUR 26,641.70
Financial assets
EUR 1,873,165.16
Shares in participations /
subsidiaries and the like
EUR 951,539.59
Shares in related companies
EUR 951,539.59
Loans to participations /
subsidiaries and the like
EUR 67,103.06
Loans to related companies
EUR 67,103.06
Securities included in fixed assets
EUR 854,522.51
Current assets
EUR 26,861,540.80
Stocks
EUR 13,117,432.38
Raw materials, consumables and
supplies
EUR 443,760.20
Finished goods / work in progress
EUR 12,514,427.95
Advance payments made
EUR 159,244.23
Accounts receivable
EUR 9,215,386.55
Trade debtors EUR 5,919,384.35
Amounts due from related companies
EUR 2,091,961.70
Other debtors and assets
EUR 1,204,040.50
Liquid means
EUR 4,528,721.87
Remaining other assets
EUR 108,079.22
Accruals (assets)
EUR 108,079.22
LIABILITIES EUR 36,820,657.37
Shareholders' equity
EUR 26,096,889.28
Capital
EUR 2,700,000.00
Subscribed capital (share capital)
EUR 2,700,000.00
Reserves
EUR 270,000.00
Retained earnings / revenue reserves EUR 270,000.00
Balance sheet profit/loss (+/-)
EUR 23,126,889.28
Profit / loss brought forward
EUR 16,867,302.43
Annual surplus / annual deficit
EUR 6,259,586.85
Provisions
EUR 3,429,119.00
Pension provisions and comparable
provisions
EUR 716,518.00
Provisions for taxes
EUR 602,801.00
Other / unspecified provisions
EUR 2,109,800.00
Liabilities EUR 7,294,649.09
Financial debts
EUR 3,976,185.72
Liabilities due to banks
EUR 3,976,185.72
Other liabilities
EUR 3,318,463.37
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,464,820.80
Liabililties due to related companiesEUR 25,268.94
Unspecified other liabilities
EUR 828,373.63
thereof liabilities from tax /
financial authorities
EUR 442,458.31
thereof liabilities from social
security
EUR 21,363.00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 44,696,409.81
Other operating income
EUR 987,379.00
Cost of materials
EUR 25,801,562.80
Raw materials and supplies, purchased
goods
EUR 25,795,532.84
Purchased services
EUR 6,029.96
Gross result (+/-)
EUR 19,882,226.01
Staff expenses
EUR 7,618,935.39
Wages and salaries
EUR 6,635,879.49
Social security contributions and
expenses for pension plans and
benefits
EUR 983,055.90
Total depreciation EUR 583,241.77
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 583,241.77
Other operating expenses
EUR 5,131,278.86
Operating
result from continuing
operations
EUR 6,548,769.99
Result from participating interests
(+/-)
EUR 1,676,233.75
Expenses / income from participations EUR 1,676,233.75
Income from related companies
EUR 1,676,233.75
Interest result (+/-)
EUR -73,457.61
Interest and similar income
EUR 98,559.47
thereof from related companies
EUR 24,593.31
Interest and similar expenses
EUR 172,017.08
Other financial result
EUR 7,633.22
Income from securities and loans from
financial assets
EUR 7,633.22
thereof related companies
EUR 7,633.22
Financial result (+/-)
EUR 1,610,409.36
Result from ordinary operations (+/-)
EUR 8,159,179.35
Income tax / refund of income tax (+/-)EUR -1,857,318.13
Other taxes / refund of taxes
EUR -42,274.37
Tax
(+/-)
EUR -1,899,592.50
Annual surplus / annual deficit
EUR 6,259,586.85
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.06 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.