MIRA INFORM REPORT

 

 

Report Date :

25.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SPECTRO ANALYTICAL INSTRUMENTS GMBH

 

 

Registered Office :

Boschstr. 10, D 47533 Kleve

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

08.04.1997

 

 

Com. Reg. No.:

HRB 1876

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of instruments and appliances for measuring, testing and navigation

 

 

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

 

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 – 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

 

SPECTRO Analytical Instruments GmbH

 

Boschstr. 10

D 47533 Kleve

Telephone:02821/892-0

Telefax:  02821/892-2200

Homepage: www.spectro.de

E-mail:   spectro.info@ametek.com

 

VAT no.:             DE196424280

Tax ID number:       116/5718/3738

 

 

Company details

 

LEGAL FORM                           Private limited company

Date of foundation:                     08.04.1997

Shareholders' agreement:           08.04.1997

Registered on:                           09.03.1998

Commercial Register:                 Local court 47533 Kleve

under:                                                   HRB 1876

 

Share capital:                          EUR            290,500.00

 

 

Shareholder

 

AMETEK Material Analysis Holdings GmbH

Boschstr. 10

D 47533 Kleve

Legal form: Private limited company

Share capital:     EUR             28,000.00

Share:             EUR            290,500.00

Registered on: 09.12.2008

Reg. data: 47533 Kleve, HRB 9403

Profit transfer agreement

 

 

Manager

 

Manfred Bergsch

Kiebitzweg 30

D 47533 Kleve

having sole power of representation

born: 13.12.1964

Marital status: married

 

 

Proxy

 

Dr. Joachim Heckel

An der Steinmühle

D 47546 Kalkar

having sole power of representation

born: 03.12.1953

Profession: Businessman

 

Proxy:

Rainer Petry

D 47533 Kleve

having sole power of representation

born: 11.01.1960

 

Proxy:

Rolf Bernd Singendonk

D 47533 Kleve

having sole power of representation

born: 01.05.1958

 

Proxy:

Michael Privik

D 47559 Kranenburg

having sole power of representation

born: 06.03.1965

 

 

Further functions/participations of Manfred Bergsch (Manager)

 

Manager:

Ametek Grundbesitz GmbH

Boschstr. 10

D 47533 Kleve

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         01.12.2006

Reg. data:  47533 Kleve, HRB 8399

 

Manager:

AMETEK Material Analysis Holdings GmbH

Boschstr. 10

D 47533 Kleve

Legal form: Private limited company

Share capital:     EUR             28,000.00

Registered

on:         09.12.2008

Reg. data:  47533 Kleve, HRB 9403

 

 

COMPANY HISTORY

 

17.06.1997 - 02.12.1997  JFVG Zweiundneunzigste

Vermögensverwaltungsgesellschaft mbH

Klopstockstr. 5

D 65187 Wiesbaden

Private limited company

03.12.1997 - 09.03.1998  SPECTRO Beteiligungs GmbH

Klopstockstr. 5

D 65187 Wiesbaden

Private limited company

09.03.1998 - 16.11.2008  SPECTRO Beteiligungs GmbH

Boschstr. 10

D 47533 Kleve

Private limited company

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

2651    Manufacture of instruments and appliances for measuring,

testing and navigation

Secondary industrial sector

46693   Wholesale of other equipment and accessories for

machinery and technical supplies

64200   Activities of holding companies

 

 

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:   unknown

Address              Boschstr. 10

D 47533 Kleve

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, KLEVE, NIEDERRHEIN

Sort. code: 32080010, BIC: DRESDEFF320

COMMERZBANK, KLEVE, NIEDERRHEIN

Sort. code: 32440023, BIC: COBADEFF324

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR         91,930,535.00

Profit:              2010               EUR         18,672,925.00

Equipment:                              EUR          2,184,949.00

Ac/ts receivable:                       EUR         44,456,068.00

Liabillities:                           EUR         36,450,284.00

Employees:                                                    273

- Trainees:                                                    20

 

Profit transfer agreement to:

AMETEK Material Analysis Holdings GmbH

Boschstr. 10

D 47533 Kleve

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 57.21

Liquidity ratio:                   2.95

Return on total capital [%]:      26.31

Balance sheet grade:                1.0

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 48.06

Liquidity ratio:                   2.15

Return on total capital [%]:      26.77

Balance sheet grade:                1.4

 

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         77,246,295.57

 Fixed assets                           EUR         22,549,098.84

  Intangible assets                     EUR         12,525,778.97

   Concessions, licences, rights        EUR            264,013.10

   Goodwill                             EUR         12,261,765.87

  Tangible assets                       EUR          3,484,026.25

   Land / similar rights                EUR            963,939.18

   Plant / machinery                    EUR            106,807.72

   Other tangible assets / fixtures and

   fittings                             EUR          2,184,948.92

   Advance payments made / construction

   in progress                          EUR            228,330.43

  Financial assets                      EUR          6,539,293.62

   Shares in participations /

   subsidiaries and the like            EUR          4,605,693.62

    Shares in related companies         EUR          3,717,940.34

    Shares in investee companies        EUR            887,753.28

   Loans to participations /

   subsidiaries and the like            EUR          1,933,600.00

    Loans to related companies          EUR          1,933,600.00

 Current assets                         EUR         54,582,021.33

  Stocks                                EUR          6,776,726.05

   Raw materials, consumables and

   supplies                             EUR          2,474,785.53

   Finished goods / work in progress    EUR          4,301,940.52

  Accounts receivable                   EUR         44,456,067.83

   Trade debtors                        EUR          5,103,861.98

   Amounts due from related companies   EUR         39,318,327.57

   Other debtors and assets             EUR             33,878.28

  Liquid means                          EUR          3,349,227.45

 Remaining other assets                 EUR            115,175.40

  Accruals (assets)                     EUR            115,175.40

 

LIABILITIES                             EUR         77,246,295.57

 Shareholders' equity                   EUR         34,851,066.80

  Capital                               EUR            290,500.00

   Subscribed capital (share capital)   EUR            290,500.00

  Reserves                              EUR         31,086,808.32

   Capital reserves                     EUR         31,078,627.59

   Retained earnings / revenue reserves EUR              8,180.73

  Balance sheet profit/loss (+/-)       EUR          3,473,758.48

   Balance sheet profit / loss          EUR          3,473,758.48

 Provisions                             EUR          5,944,945.00

  Provisions for taxes                  EUR            513,000.00

  Other / unspecified provisions        EUR          5,431,945.00

 Liabilities                            EUR         36,450,283.77

  Other liabilities                     EUR         36,450,283.77

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR          7,369,956.29

   Liabilities from received advance

   payments                             EUR          1,706,175.48

   Liabililties due to related companiesEUR         25,824,531.90

   Unspecified other liabilities        EUR          1,549,620.10

    thereof liabilities from tax /

    financial authorities               EUR            191,102.40

    thereof liabilities from social

    security                            EUR             17,825.75

 

PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.

Code (HGB)

 Sales                                  EUR         91,930,535.32

 Manufacturing costs                    EUR         45,085,673.35

 Gross result on sales                  EUR         46,844,861.97

 Distribution costs                     EUR         18,815,680.28

 General administration expenses        EUR          4,689,821.75

 Research and development costs         EUR          4,520,590.34

 Other operating income                 EUR          3,652,107.33

 Other operating expenses               EUR          4,441,970.86

 Operating result from continuing

 operations                             EUR         18,028,906.07

 Result from participating interests

 (+/-)                                  EUR            256,187.79

  Expenses / income from participations EUR            256,187.79

   Income from related companies        EUR            256,187.79

 Interest result (+/-)                  EUR             87,058.11

  Interest and similar income           EUR            120,812.69

   thereof from related companies       EUR            107,702.69

  Interest and similar expenses         EUR             33,754.58

   thereof paid to related companies    EUR              5,431.78

 Financial result (+/-)                 EUR            343,245.90

 Result from ordinary operations (+/-)  EUR         18,372,151.97

 Expenses for transfer of profits to a

 parent company                         EUR         18,672,924.96

 Income tax / refund of income tax (+/-)EUR            330,775.14

 Other taxes / refund of taxes          EUR            -30,002.15

 Tax (+/-)                              EUR            300,772.99

 Annual surplus / annual deficit        EUR                  0.00

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR         54,733,429.97

 Fixed assets                           EUR         24,881,695.40

  Intangible assets                     EUR         14,987,997.04

   Concessions, licences, rights        EUR            273,878.00

   Goodwill                             EUR         14,714,119.04

  Tangible assets                       EUR          3,246,404.74

   Land / similar rights                EUR            694,530.98

   Plant / machinery                    EUR            137,529.70

   Other tangible assets / fixtures and

   fittings                             EUR          2,059,955.82

   Advance payments made / construction

   in progress                          EUR            354,388.24

  Financial assets                      EUR          6,647,293.62

   Shares in participations /

   subsidiaries and the like            EUR          4,605,693.62

    Shares in related companies         EUR          3,717,940.34

    Shares in investee companies        EUR            887,753.28

   Loans to participations /

   subsidiaries and the like            EUR          2,041,600.00

    Loans to related companies          EUR          2,041,600.00

 Current assets                         EUR         29,716,782.54

  Stocks                                EUR          6,271,786.70

   Raw materials, consumables and

   supplies                             EUR          2,928,433.97

   Finished goods / work in progress    EUR          3,343,352.73

  Accounts receivable                   EUR         19,928,455.70

   Trade debtors                        EUR          5,140,748.95

   Amounts due from related companies   EUR         14,526,377.49

   Amounts due from investee companies  EUR             48,939.33

   Receivables shown as negative amount EUR            212,389.92

  Liquid means                          EUR          3,516,540.14

 Remaining other assets                 EUR            134,952.03

  Accruals (assets)                     EUR            134,952.03

 

LIABILITIES                             EUR         54,733,429.97

 Shareholders' equity                   EUR         34,851,066.80

  Capital                               EUR            290,500.00

   Subscribed capital (share capital)   EUR            290,500.00

  Reserves                              EUR         31,086,808.32

   Capital reserves                     EUR         31,078,627.59

   Retained earnings / revenue reserves EUR              8,180.73

  Balance sheet profit/loss (+/-)       EUR          3,473,758.48

   Profit / loss brought forward        EUR          3,473,758.48

 Provisions                             EUR          4,526,629.70

  Provisions for taxes                  EUR          1,358,113.70

  Other / unspecified provisions        EUR          3,168,516.00

 Liabilities                            EUR         15,354,733.47

  Other liabilities                     EUR         15,354,733.47

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR          6,366,933.68

   Liabilities from received advance

   payments                             EUR          1,711,614.01

   Liabililties due to related companiesEUR          5,621,286.55

   Unspecified other liabilities        EUR          1,654,899.23

    thereof liabilities from tax /

    financial authorities               EUR            196,640.23

    thereof liabilities from social

    security                            EUR             20,756.97

 Other liabilities                      EUR              1,000.00

  Deferrals (liabilities)               EUR              1,000.00

 

PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.

Code (HGB)

 Sales                                  EUR         74,701,853.50

 Manufacturing costs                    EUR         39,634,706.79

 Gross result on sales                  EUR         35,067,146.71

 Research and development costs         EUR          4,366,214.99

 Depreciation (not included in

 manufacturing costs)                   EUR          2,452,353.17

 Other operating income                 EUR          3,912,251.34

 Other operating expenses               EUR         23,947,050.71

 Operating result from continuing

 operations                             EUR          8,213,779.18

 Result from participating interests

 (+/-)                                  EUR          6,526,535.58

  Expenses / income from participations EUR          6,526,535.58

   Income from related companies        EUR          6,526,535.58

 Interest result (+/-)                  EUR            129,457.08

  Interest and similar income           EUR            145,843.54

   thereof from related companies       EUR            142,978.27

  Interest and similar expenses         EUR             16,386.46

   thereof paid to related companies    EUR                  0.00

 Other financial result                 EUR         -2,096,853.86

  Depreciation on financial assets and

  marketable securities                 EUR          2,096,853.86

 Financial result (+/-)                 EUR          4,559,138.80

 Result from ordinary operations (+/-)  EUR         12,772,917.98

 Expenses for transfer of profits to a

 parent company                         EUR         12,647,175.52

 Income tax / refund of income tax (+/-)EUR           -100,461.00

 Other taxes / refund of taxes          EUR            -25,281.46

 Tax (+/-)                              EUR           -125,742.46

 Annual surplus / annual deficit        EUR                  0.00
 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.28

UK Pound

1

Rs.88.25

Euro

1

Rs.70.81

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.