MIRA INFORM REPORT

 

 

Report Date :

07.06.2012

 

IDENTIFICATION DETAILS

 

Name :

GÖTTFERT WERKSTOFF-PRÜFMASCHINEN GMBH

 

 

Registered Office :

Siemensstr. 2, D 74722 Buchen, Post Box: 12 61

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1962

 

 

Com. Reg. No.:

HRB 460015

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of other general-purpose machinery

 

 

No. of Employees :

93

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

Göttfert Werkstoff-Prüfmaschinen GmbH

 

 

Company address

 

Siemensstr. 2

D 74722 Buchen

Post Box: 12 61

Telephone:06281/4080

Telefax:  06281/40818

Homepage: www.goettfert.de

E-mail:   info@goettfert.de

 

 

VAT no

 

DE144447966

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1962

Shareholders'

agreement:                    29.11.1962

Registered on:               22.04.1969

Commercial Register:     Local court 68159 Mannheim

under:                                       HRB 460015

Share capital:                 EUR            750,000.00

 

 

Shareholder

 

Otto Göttfert

Am Großen Roth 20

D 74722 Buchen

born: 25.07.1917

Share:             EUR            594,000.00

 

Shareholder:

Dr. Axel Göttfert

Kastanienweg 14

D 74722 Buchen

born: 03.05.1954

Share:             EUR             52,000.00

 

Shareholder:

Ute Apierius

Wagnerstr. 4

D 74722 Buchen

born: 03.04.1958

Share:             EUR             52,000.00

 

Shareholder:

Eleate Richli

CH - Basel

born: 07.11.1966

Share:             EUR             52,000.00

 

 

Manager

 

Dr. Axel Göttfert

Kastanienweg 14

D 74722 Buchen

having sole power of representation

born: 03.05.1954

Profession: graduate engineer

Marital status: unknown

 

 

Proxy

 

Udo Bäuerle

D 74731 Walldürn

authorized to jointly represent the company

born: 24.10.1956

 

 

BUSINESS ACTIVITIES

 

Sectors

28290   Manufacture of other general-purpose machinery

 

 

 

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                        Siemensstr. 2

                                    D 74722 Buchen

 

Land register documents were not available.

 

 

BANKERS

 

BADEN-WÜRTTEMBERGISCHE BANK, WERTHEIM A MAIN

Sort. code: 67320020, Account no.: 5802071, BIC: SOLADEST623

 

DEUTSCHE BANK, MOSBACH, BADEN

Sort. code: 67270003, Account no.: 773390, BIC: DEUTDESM672

 

POSTBANK, KARLSRUHE, BADEN

Sort. code: 66010075, Account no.: 124300-750, BIC: PBNKDEFF660

 

COMMERZBANK VORMALS DRESDNER BANK, MOSBACH, BADEN

Sort. code: 67080050, Account no.: 5205372, BIC: DRESDEFF670

 

SPARKASSE NECKARTAL-ODENWALD, BUCHEN (ODENWALD)

Sort. code: 67450048, BIC: SOLADES1MOS

 

 

FINANCIAL FIGURES

 

Gross profit or loss:2010               EUR          6,059,390.00

Profit:              2010               EUR             65,132.00

Equipment:                              EUR            183,727.00

Ac/ts receivable:                       EUR          2,546,687.00

Liabilities:                           EUR          2,279,806.00

Employees:                                                     93

- Part-time employees:                                          7

- Trainees:                                                    24

- Temporary workers:                                            3

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 68.78

Liquidity ratio:                   2.89

Return on total capital [%]:       1.10

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 70.28

Liquidity ratio:                  10.00

Return on total capital [%]:       0.36

 

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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity ratio, liquidity ratio and return on total capital from the balance sheets published in the Federal Gazette.

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          6,443,568.77

 Fixed assets                           EUR          1,266,762.55

  Intangible assets                     EUR             23,955.00

   Other / unspecified intangible assetsEUR             23,955.00

  Tangible assets                       EUR            473,046.56

   Land / similar rights                EUR            289,257.56

   Plant / machinery                    EUR                 62.00

   Other tangible assets / fixtures and

   fittings                             EUR            183,727.00

  Financial assets                      EUR            769,760.99

   Shares in participations /

   subsidiaries and the like            EUR            769,760.99

    Shares in related companies         EUR            769,760.99

 Current assets                         EUR          5,156,901.81

  Stocks                                EUR          2,513,307.17

  Accounts receivable                   EUR          2,546,687.84

   Amounts due from related companies   EUR            516,847.09

   Other debtors and assets             EUR          2,029,840.75

  Liquid means                          EUR             96,906.80

 Remaining other assets                 EUR             19,904.41

  Accruals (assets)                     EUR             19,904.41

 

LIABILITIES                             EUR          6,443,568.77

 Shareholders' equity                   EUR          3,135,412.56

  Capital                               EUR            750,000.00

   Subscribed capital (share capital)   EUR            750,000.00

  Reserves                              EUR          1,065,433.45

   Capital reserves                     EUR            690,000.00

   Retained earnings / revenue reserves EUR            375,433.45

  Balance sheet profit/loss (+/-)       EUR          1,319,979.11

   Balance sheet profit / loss          EUR          1,319,979.11

 Provisions                             EUR          1,028,349.48

 Liabilities                            EUR          2,279,806.73

  Financial debts                       EUR            100,134.76

   Liabilities due to banks             EUR            100,134.76

  Other liabilities                     EUR          2,179,671.97

   Unspecified other liabilities        EUR          2,179,671.97

 

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

Code (HGB)

 Gross result (+/-)                     EUR          6,059,390.45

 Staff expenses                         EUR          4,393,129.54

  Wages and salaries                    EUR          3,658,190.96

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            734,938.58

 Total depreciation                     EUR             83,561.35

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR             83,561.35

 Other operating expenses               EUR          1,394,741.38

 Operating result from continuing

 operations                             EUR            187,958.18

 Interest result (+/-)                  EUR            -69,889.39

  Interest and similar income           EUR             17,341.90

   thereof from related companies       EUR              9,193.42

  Interest and similar expenses         EUR             87,231.29

   thereof paid to related companies    EUR              3,520.87

 Financial result (+/-)                 EUR            -69,889.39

 Result from ordinary operations (+/-)  EUR            118,068.79

 Extraordinary expenses                 EUR              5,360.00

 Extraordinary result (+/-)             EUR             -5,360.00

 Income tax / refund of income tax (+/-)EUR            -38,887.47

 Other taxes / refund of taxes          EUR             -8,689.39

 Tax (+/-)                              EUR            -47,576.86

 Annual surplus / annual deficit        EUR             65,131.93

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          6,329,751.11

 Fixed assets                           EUR          1,256,059.55

  Intangible assets                     EUR             30,133.00

   Other / unspecified intangible assetsEUR             30,133.00

  Tangible assets                       EUR            456,165.56

   Land / similar rights                EUR            298,502.56

   Plant / machinery                    EUR                 62.00

   Other tangible assets / fixtures and

   fittings                             EUR            157,601.00

  Financial assets                      EUR            769,760.99

   Shares in participations /

   subsidiaries and the like            EUR            769,760.99

    Shares in related companies         EUR            769,760.99

 Current assets                         EUR          5,068,433.44

  Stocks                                EUR          2,036,126.39

  Accounts receivable                   EUR          2,262,682.42

   Amounts due from related companies   EUR            211,977.83

   Other debtors and assets             EUR          2,050,704.59

  Liquid means                          EUR            769,624.63

 Remaining other assets                 EUR              5,258.12

  Accruals (assets)                     EUR              5,258.12

 

LIABILITIES                             EUR          6,329,751.11

 Shareholders' equity                   EUR          4,452,934.64

  Capital                               EUR            750,000.00

   Subscribed capital (share capital)   EUR            750,000.00

  Reserves                              EUR          1,065,433.45

   Capital reserves                     EUR            690,000.00

   Retained earnings / revenue reserves EUR            375,433.45

  Third party shares (+/-)              EUR          1,382,654.01

  Balance sheet profit/loss (+/-)       EUR          1,254,847.18

   Balance sheet profit / loss          EUR          1,254,847.18

 Items between shareholders' equity and

 debt capital                           EUR                  0.00

 Provisions                             EUR          1,112,688.02

 Liabilities                            EUR            764,128.45

  Financial debts                       EUR            358,061.50

   Liabilities due to banks             EUR            358,061.50

  Other liabilities                     EUR            406,066.95

   Unspecified other liabilities        EUR            406,066.95

    thereof liabilities from tax /

    financial authorities               EUR             96,144.99

 

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

Code (HGB)

 Gross result (+/-)                     EUR          5,118,650.00

 Staff expenses                         EUR          3,638,761.93

  Wages and salaries                    EUR          2,937,122.39

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            701,639.54

 Total depreciation                     EUR             98,082.98

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR             98,082.98

 Other operating expenses               EUR          1,270,255.06

 Operating result from continuing

 operations                             EUR            111,550.03

 Interest result (+/-)                  EUR            -71,340.65

  Interest and similar income           EUR             23,220.19

   thereof from related companies       EUR             12,574.59

  Interest and similar expenses         EUR             94,560.84

 Financial result (+/-)                 EUR            -71,340.65

 Result from ordinary operations (+/-)  EUR             40,209.38

 Income tax / refund of income tax (+/-)EUR             -8,207.48

 Other taxes / refund of taxes          EUR             -9,096.15

 Tax (+/-)                              EUR            -17,303.63

 Annual surplus / annual deficit        EUR             22,905.75

 

Inconsistent balance sheets:

Financial year                              published on

01.01.2008 - 31.12.2008                     05.03.2010

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.50

UK Pound

1

Rs.85.58

Euro

1

Rs.69.30

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.