MIRA INFORM REPORT
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Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
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Name : |
POLYTEC GMBH |
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Registered Office : |
Polytec Platz 1-7, Waldbronn, 76337 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
17.12.1984 |
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Com. Reg. No.: |
360938 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacture of
electronic instruments and appliances for measuring, checking, testing,
navigating and other purposes, except industrial process control equipment |
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No. of Employees : |
228 |
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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company name & address
POLYTEC GmbH
Polytec Platz 1-7
Waldbronn, 76337
Germany
Tel: +49 (0) 7243 6040
Fax: +49 (0) 7243 69944
Synthesis
Employees: 228
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: POLYTEC Gesellschaft für Analysen-
Meß- & Regel-Technik mbH & Co. KG
Incorporation Date:
17-Dec-1984
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 36.3
Business Description
POLYTEC GmbH is primarily engaged in manufacture of electronic instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment; and manufacture of non-electronic instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment.
Industry
Industry Scientific and Technical
Instruments
ANZSIC 2006: 2419 - Other
Professional and Scientific Equipment Manufacturing
NACE 2002: 3320 - Manufacture
of instruments and appliances for measuring, checking, testing, navigating
and other
purposes, except industrial process control equipment
NAICS 2002: 334513 -
Instrument's and Related Products Manufacturing for Measuring, Displaying, and
Controlling
Industrial Process Variable
UK SIC 2003: 3320 - Manufacture of instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment
US SIC 1987: 3829 - Measuring
and Controlling Devices, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Hans-Lothar Pasch |
Managing director |
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Karl Spanner |
Managing director |
News
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Title |
Date |
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Erste Group - Vienna Bourse to see double-digit
growth in 2012 |
18-Jul-2012 |
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Presolicitation Notice - 70-- Polytec
Software Maintenance |
18-Jun-2012 |
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New Nanotechnology Research Has Been
Reported by Investigators at University of Windsor |
13-Jun-2012 |
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EANS-Adhoc: Polytec Holding AG /
Disclosure of the resolution of the |
29-May-2012 |
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Style watch |
26-May-2012 |
Registered No.(DEU): 360938
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Polytec Platz 1-7
Waldbronn, 76337
Germany
Tel: +49 (0) 7243 6040
Fax: +49 (0) 7243 69944
Sales EUR(mil): NA
Assets EUR(mil): 27.0
Employees: 228
Fiscal Year End: 31-Dec-2010
Industry: Scientific
and Technical Instruments
Incorporation Date: 17-Dec-1984
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 360938
Managing director: Hans-Lothar
Pasch
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2419 - Other Professional and Scientific Equipment Manufacturing
NACE 2002 Codes:
3340 - Manufacture of optical instruments and photographic
equipment
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process control
equipment
NAICS 2002 Codes:
334513 - Instrument's and Related Products Manufacturing for
Measuring, Displaying, and Controlling Industrial Process Variable
33331 - Commercial and Service Industry Machinery Manufacturing
US SIC 1987:
382 - Laboratory Apparatus and Analytical and Optical Instruments
3829 - Measuring and Controlling Devices, Not Elsewhere Classified
UK SIC 2003:
3340 - Manufacture of optical instruments and photographic
equipment
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
Business
Description
POLYTEC GmbH is primarily engaged in manufacture of electronic instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment; and manufacture of non-electronic instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment.
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Corporate
Family |
Corporate
Structure News: |
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POLYTEC GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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POLYTEC Gesellschaft für Analysen- Meß- & Regel-Technik mbH
& Co. KG |
Parent |
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POLYTEC GmbH |
Subsidiary |
Waldbronn, Baden-Württemberg |
Germany |
Scientific and Technical Instruments |
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235 |
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Executive report
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Executives |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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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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Taxes and social security costs |
2.7 |
2.8 |
2.8 |
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Total payroll costs |
19.3 |
17.7 |
19.2 |
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Fixed asset depreciation and amortisation |
- |
0.0 |
0.0 |
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Other operating costs |
25.8 |
24.1 |
28.6 |
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Net operating
income |
4.7 |
1.7 |
10.4 |
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Income received from associated companies |
- |
- |
0.0 |
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Other income |
0.4 |
0.2 |
0.5 |
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Interest payable on loans |
0.1 |
0.0 |
0.0 |
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Other expenses |
- |
- |
0.2 |
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Total expenses |
-0.3 |
-0.2 |
-0.2 |
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Profit before tax |
4.9 |
1.9 |
10.7 |
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Provisions |
4.7 |
4.2 |
5.4 |
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Extraordinary expenses |
0.5 |
- |
- |
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Extraordinary result |
-0.5 |
- |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
1.4 |
0.6 |
3.3 |
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Net profit |
3.1 |
1.2 |
7.4 |
Annual Balance
Sheet
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 |
4.0 |
4.3 |
4.2 |
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Capital reserves |
0.0 |
0.0 |
0.0 |
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Total reserves |
5.9 |
6.0 |
4.4 |
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Profits for the year |
9.5 |
7.2 |
7.1 |
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Profit brought forward from previous
year(s) |
6.4 |
5.9 |
0.1 |
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Total
stockholders equity |
19.5 |
17.4 |
15.7 |
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Provisions and allowances |
4.8 |
4.4 |
5.1 |
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Total long-term
liabilities |
0.0 |
0.0 |
- |
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Taxation and social security |
- |
- |
4.6 |
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Due to group companies |
- |
- |
4.7 |
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Total current
liabilities |
12.0 |
11.5 |
9.3 |
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Regularisation account |
- |
0.0 |
- |
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Total
liabilities (including net worth) |
36.3 |
33.3 |
30.1 |
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Total tangible
fixed assets |
0.0 |
0.0 |
0.0 |
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Total financial
assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
0.0 |
0.0 |
0.0 |
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Net stocks and work in progress |
10.0 |
7.0 |
7.3 |
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Other receivables |
8.2 |
5.1 |
5.3 |
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Total
receivables |
22.1 |
14.7 |
13.1 |
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Owing from associated companies |
14.0 |
9.6 |
7.8 |
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Cash and liquid assets |
3.9 |
11.5 |
9.5 |
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Total current
assets |
36.1 |
33.1 |
29.9 |
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Prepaid expenses and deferred costs |
0.2 |
0.2 |
0.1 |
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Total assets |
36.3 |
33.3 |
30.1 |
Annual Ratios
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 |
30.08 |
28.87 |
32.20 |
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Acid test ratio |
21.71 |
22.79 |
24.33 |
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Total liabilities to net worth |
0.06% |
0.07% |
0.06% |
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Net worth to total assets |
0.05% |
0.05% |
0.05% |
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Current liabilities to net worth |
0.06% |
0.07% |
0.06% |
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Current liabilities to stock |
0.12% |
0.16% |
0.13% |
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Fixed assets to net worth |
0.00% |
0.00% |
0.00% |
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Return on assets |
0.01% |
0.00% |
0.02% |
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Shareholders' return |
0.02% |
0.01% |
0.04% |
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Profit per employee |
1.16 |
0.40 |
2.25 |
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Average wage per employee |
6.40 |
5.75 |
5.85 |
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Net worth |
19.5 |
17.4 |
15.7 |
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Number of employees |
228 |
221 |
224 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.41 |
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UK Pound |
1 |
Rs.86.93 |
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Euro |
1 |
Rs.68.10 |
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.