MIRA INFORM REPORT

 

 

Report Date :

17.03.2012

 

IDENTIFICATION DETAILS

 

Name :

AEROMARITIME SYSTEMBAU GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

 

 

Registered Office :

Ludwig-Erhard-Str. 16

D 85375 Neufahrn

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

28.12.1970

 

 

Com. Reg. No.:

HRB 43099

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Other Electric Equipment n.e.c.

 

 

No. of Employees :

Not Available

 

 

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 :

89,000 EUR

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 – 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

 


Company name and address

 

AEROMARITIME SYSTEMBAU GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

 

Ludwig-Erhard-Str. 16

D 85375 Neufahrn

Telephone:08165/61710

Telefax:  08165/908389

Homepage: www.aeromaritime.de

E-mail:   info@aeromaritime.de

 

VAT no.:             DE129279209

 

 

Company details

 

LEGAL FORM                           Private limited company

Date of foundation:                     28.12.1970

Shareholders' agreement:           28.12.1970

Registered on:                           05.02.1971

Commercial Register:                 Local court 80797 München

under:                                                   HRB 43099

 

Share capital:                            EUR          3,450,000.00

 

 

Shareholder

 

Aeromaritime Systems Group B.V.

P.O.Box 7067

NL 1007 2B Amsterdam

Legal form: Other legal form

Share:             EUR          3,450,000.00

 

 

Manager

 

Bhajun Santchurn

54 Oxford Road

GB  Ealing/London W53 ST

having sole power of representation

born: 22.05.1954

Nationality: British

 

Manager:

Yasin Sanya

Freilandstr. 15

D 82178 Puchheim

having sole power of representation

born: 02.07.1951

 

 

Proxy

 

Dr. Helmut Bürger

D 84095 Furth

authorized to jointly represent the company

born: 11.11.1951

Profession: Fully qualified physicist

 

Proxy:

Dr. Helge Herz

D 85375 Neufahrn

authorized to jointly represent the company

born: 20.02.1957

 

Proxy:

Rudolf Bräutigam

Tauroggener Str. 37

D 86167 Augsburg

authorized to jointly represent the company

born: 23.09.1950

 

Proxy:

Gregorio Arreytunandia

E  Madrid

authorized to jointly represent the company

born: 25.02.1956

Nationality: Spanish

 

 

Further functions/participations of Bhajun Santchurn (Manager)

 

Manager:

 

ENVIPCO Automaten GmbH

Gartenkamp 8c

D 49492 Westerkappeln

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         29.04.2009

Reg. data:  48565 Steinfurt, HRB 8356

 

Further functions/participations of Yasin Sanya (Manager)

 

Manager:

 

Aeromaritime Immobilien GmbH

Ludwig-Erhard-Str. 16

D 85375 Neufahrn

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         21.09.2002

Reg. data:  80797 München, HRB 144486

 

Manager:

 

Aeromaritime Security Systems GmbH

Ludwig-Erhard-Str. 16

D 85375 Neufahrn

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         21.07.2004

Reg. data:  80797 München, HRB 153279

 

 

COMPANY HISTORY

 

05.02.1971 - 01.12.2001  Aeromaritime Systembau GmbH

                         Hanauer Str. 105

                         D 80993 München

                         Private limited company

01.12.2001 - 05.06.2002  Aeromaritime Systembau GmbH

                         Ludwig-Erhard-Str. 16

                         D 85375 Neufahrn

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

27900   Manufacture of other electric equipment n.e.c.

 

 

 

 

 

 

PARTICIPATIONS

 

Shareholder:

 

Aeromaritime Security Systems GmbH

Ludwig-Erhard-Str. 16

D 85375 Neufahrn

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Reg. data:  21.07.2004

Local court 80797 München

HRB 153279

 

Shareholder:

 

Aeromaritime Immobilien GmbH

Ludwig-Erhard-Str. 16

D 85375 Neufahrn

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,000.00

Share:             EUR             25,000.00

Reg. data:  21.09.2002

Local court 80797 München

HRB 144486

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      89,000 EUR

 

Balance sheet year:  2010

 

 

REAL ESTATE

 

Type of ownership:   proprietor

Share:                100.00 %

Address              Ludwig-Erhard-Str. 16

                     D 85375 Neufahrn

 

Land register documents were not available.

BANKERS

 

Principal bank

COMMERZBANK VORMALS DRESDNER BANK, MÜNCHEN

Sort. code: 70080000, Account no.: 514600800, BIC: DRESDEFF700

 

Further banks

UNICREDIT BANK - HYPOVEREINSBANK, MÜNCHEN

Sort. code: 70020270, Account no.: 31085810, BIC: HYVEDEMMXXX

DEUTSCHE BANK, MÜNCHEN

Sort. code: 70070010, Account no.: 60/54290, BIC: DEUTDEMMXXX

BAYERISCHE LANDESBANK, MÜNCHEN

Sort. code: 70050000, Account no.: 1282535, BIC: BYLADEMMXXX

COMMERZBANK, MÜNCHEN

Sort. code: 70040041, Account no.: 220653000, BIC: COBADEFF700

 

 

FINANCIAL FIGURES

 

Gross profit or loss:2010               EUR          5,231,800.00

Profit:              2010               EUR            746,670.00

Ac/ts receivable:                       EUR          5,525,658.00

Liabillities:                           EUR          3,587,645.00

Employees:                                                     87

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 35.23

Liquidity ratio:                   2.36

Return on total capital [%]:       3.65

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 32.06

Liquidity ratio:                   1.72

Return on total capital [%]:       3.54

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 32.52

Liquidity ratio:                   2.85

Return on total capital [%]:       3.09

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 33.84

Liquidity ratio:                   1.29

Return on total capital [%]:       2.88

 

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         21,333,828.77

 Fixed assets                           EUR         10,242,197.95

  Intangible assets                     EUR             64,474.97

   Other / unspecified intangible assetsEUR             64,474.97

  Tangible assets                       EUR            882,028.26

   Other / unspecified tangible assets  EUR            882,028.26

  Financial assets                      EUR          9,295,694.72

   Other / unspecified financial assets EUR          9,295,694.72

 Current assets                         EUR         11,012,693.79

  Stocks                                EUR          3,896,445.11

  Accounts receivable                   EUR          5,525,658.11

   Other debtors and assets             EUR          5,525,658.11

  Liquid means                          EUR          1,590,590.57

 Remaining other assets                 EUR             78,937.03

  Accruals (assets)                     EUR             78,937.03

 

LIABILITIES                             EUR         21,333,828.77

 Shareholders' equity                   EUR          8,068,276.87

  Capital                               EUR          3,450,000.00

   Subscribed capital (share capital)   EUR          3,450,000.00

  Reserves                              EUR          1,661,698.61

   Capital reserves                     EUR          1,661,698.61

  Balance sheet profit/loss (+/-)       EUR          2,956,578.26

   Profit / loss brought forward        EUR          2,209,908.29

   Annual surplus / annual deficit      EUR            746,669.97

 Provisions                             EUR          9,677,906.71

 Liabilities                            EUR          3,587,645.19

  Other liabilities                     EUR          3,587,645.19

   Unspecified other liabilities        EUR          3,587,645.19

 

Profit and loss account (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR          5,231,799.74

 Other operating expenses               EUR          4,331,769.09

 Operating result from continuing

 operations                             EUR            900,030.65

 Result from participating interests

 (+/-)                                  EUR            -33,827.43

  Expenses for participations           EUR             33,827.43

 Interest result (+/-)                  EUR            216,373.95

  Interest and similar income           EUR            612,158.91

  Interest and similar expenses         EUR            395,784.96

 Financial result (+/-)                 EUR            182,546.52

 Result from ordinary operations (+/-)  EUR          1,082,577.17

 Income tax / refund of income tax (+/-)EUR           -334,415.20

 Other taxes / refund of taxes          EUR             -1,492.00

 Tax (+/-)                              EUR           -335,907.20

 Annual surplus / annual deficit        EUR            746,669.97

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR         25,210,371.09

 Fixed assets                           EUR          9,819,756.01

  Intangible assets                     EUR             94,843.97

   Other / unspecified intangible assetsEUR             94,843.97

  Tangible assets                       EUR          1,012,243.69

   Other / unspecified tangible assets  EUR          1,012,243.69

  Financial assets                      EUR          8,712,668.35

   Other / unspecified financial assets EUR          8,712,668.35

 Current assets                         EUR         15,287,502.73

  Stocks                                EUR          4,641,539.22

  Accounts receivable                   EUR          8,573,688.99

   Other debtors and assets             EUR          8,573,688.99

  Liquid means                          EUR          2,072,274.52

 Remaining other assets                 EUR            103,112.35

  Accruals (assets)                     EUR            103,112.35

 

LIABILITIES                             EUR         25,210,371.09

 Shareholders' equity                   EUR          8,121,606.90

  Capital                               EUR          3,450,000.00

   Subscribed capital (share capital)   EUR          3,450,000.00

  Reserves                              EUR          1,661,698.61

   Capital reserves                     EUR          1,661,698.61

  Balance sheet profit/loss (+/-)       EUR          3,009,908.29

   Profit / loss brought forward        EUR          1,711,965.31

   Annual surplus / annual deficit      EUR          1,297,942.98

 Provisions                             EUR         10,049,074.11

 Liabilities                            EUR          7,039,690.08

  Other liabilities                     EUR          7,039,690.08

   Unspecified other liabilities        EUR          7,039,690.08

 

Profit and loss account (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR          6,143,136.96

 Other operating expenses               EUR          4,806,197.38

 Operating result from continuing

 operations                             EUR          1,336,939.58

 Result from participating interests

 (+/-)                                  EUR            -84,884.76

  Expenses for participations           EUR             84,884.76

 Interest result (+/-)                  EUR            190,352.12

  Interest and similar income           EUR            505,649.81

  Interest and similar expenses         EUR            315,297.69

 Financial result (+/-)                 EUR            105,467.36

 Result from ordinary operations (+/-)  EUR          1,442,406.94

 Extraordinary income                   EUR            406,428.00

 Extraordinary result (+/-)             EUR            406,428.00

 Income tax / refund of income tax (+/-)EUR           -549,632.96

 Other taxes / refund of taxes          EUR             -1,259.00

 Tax (+/-)                              EUR           -550,891.96

 Annual surplus / annual deficit        EUR          1,297,942.98

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.31

UK Pound

1

Rs.79.04

Euro

1

Rs.65.82

 

 

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.