MIRA INFORM REPORT

 

 

 

 

Report Date :           

23.11.2012

 

IDENTIFICATION DETAILS

 

Name :

DIONEX SOFTRON GMBH

 

 

Registered Office :

Dornierstr. 4, D 82110 Germering

 

 

Country :

Germany

 

 

Financials (as on) :

30.06.2009

 

 

Date of Incorporation :

10.10.1983

 

 

Com. Reg. No.:

HRB 71765

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of computers and peripheral equipment

 

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 :

Good

Payment Behaviour :

Regular

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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 & address 

 

Dionex Softron GmbH

 

Main address:      

Dornierstr. 4

D 82110 Germering

Telephone:        089/89468-0

Telefax:             089/89468-200

Homepage:        www.softron.de

E-mail:              webmaster@softron.de

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         18.08.1983

Shareholders'

agreement:                    18.08.1983

Registered on:               10.10.1983

Commercial Register:     Local court 80797 München

under:                                       HRB 71765

Share capital:                 EUR             63.911,49

 

 

Shareholder

 

Dionex Holding GmbH

Am Wörtzgarten 10

D 65510 Idstein

Legal form: Private limited company

Share capital:     EUR             25.564,59

Share:             EUR             63.911,49

Registered on: 07.07.1998

Reg. data: 65185 Wiesbaden, HRB 19206


Manager

 

Dr. Peter Jochum

Schröderweg 6

D 82229 Seefeld

born: 17.05.1951

Profession: Fully qualified mathematician

Marital status: married

 

 

Proxy

 

Ingrid Fütterer

D 82110 Germering

born: 25.09.1963

 

Proxy:

Rüdiger Obst

D 80331 München

authorized to jointly represent the company

born: 14.08.1968

 

 

COMPANY HISTORY

 

18.03.1983 - 15.05.1996  Softron Gesellschaft für

technisch-wissenschaftliche Software mbH

Rudolf-Diesel-Str. 1

D 82166 Gräfelfing

                          Private limited company

 

26.05.1998 - 13.03.1999  Softron Gesellschaft für

                          technisch-wissenschaftliche Software mbH

                          Dornierstr. 4

                          D 82110 Germering

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

26200               Manufacture of computers and peripheral equipment

477                   Retail sale of other goods in specialized stores

62030               Computer facilities management activities

 

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2008/2009

 

 

REAL ESTATE

 

 Type of ownership:        proprietor

 Share:                          100,00 %

 Address                       Dornierstr. 4

                                    D 82110 Germering

 

 Land register documents were not available.

 

 

BANKERS

 

UNICREDIT BANK - HYPOVEREINSBANK, MÜNCHEN

Sort. code: 70020270, BIC: HYVEDEMMXXX

 

UNICREDIT BANK - HYPOVEREINSBANK, PLANEGG

Sort. code: 70020270, BIC: HYVEDEMMXXX

 

COMMERZBANK VORMALS DRESDNER BANK, MÜNCHEN

Sort. code: 70080000, BIC: DRESDEFF700

 

COMMERZBANK VORMALS DRESDNER BANK, GRÄFELFING

Sort. code: 70080000, Account no.: 790740000, BIC: DRESDEFF700

 

 

FINANCIAL FIGURES

 

 Turnover:            2008/2009          EUR         51.336.547,00

 Profit:              2008/2009          EUR         10.065.745,00

 Total numbers of vehicles:                                     17

 - Passenger cars:                                               1

 Employees:                                                    178

 - thereof permanent staff:                                    178

 

 

BALANCE SHEETS

 

 Balance sheet ratios 2008/2009

 Equity ratio [%]:                 88,33

 Liquidity ratio:                  10,00

 Return on total capital [%]:      24,60

 

 Balance sheet ratios 2007/2008

 Equity ratio [%]:                 88,40

 Liquidity ratio:                  10,00

 Return on total capital [%]:      17,09

 

 Balance sheet ratios 2006/2007

 Equity ratio [%]:                 86,62

 Liquidity ratio:                  10,00

 Return on total capital [%]:      21,56

 

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:      01.07.2008 - 30.06.2009

 

 ASSETS                                  EUR         41.068.765,07

  Fixed assets                           EUR         18.715.736,34

   Intangible assets                     EUR            310.899,84

    Concessions, licences, rights        EUR            310.899,84

   Tangible assets                       EUR         13.817.340,50

    Land / similar rights                EUR         11.191.406,49

    Other tangible assets / fixtures and

    fittings                             EUR          2.625.934,01

   Financial assets                      EUR          4.587.496,00

    Loans to participations /

    subsidiaries and the like            EUR          4.587.496,00

     Loans to related companies          EUR          4.587.496,00

  Current assets                         EUR         22.233.611,38

   Stocks                                EUR          5.883.484,33

    Raw materials, consumables and

    supplies                             EUR          2.581.753,68

    Finished goods / work in progress    EUR          3.301.730,65

   Accounts receivable                   EUR          8.162.841,50

    Trade debtors                        EUR          1.147.465,50

    Amounts due from related companies   EUR          6.136.971,20

    Other debtors and assets             EUR            878.404,80

   Liquid means                          EUR          8.187.285,55

  Remaining other assets                 EUR            119.417,35

   Accruals (assets)                     EUR            119.417,35

 

 LIABILITIES                             EUR         41.068.765,07

  Shareholders' equity                   EUR         36.293.101,52

   Capital                               EUR             63.911,49

    Subscribed capital (share capital)   EUR             63.911,49

   Reserves                              EUR          4.187.536,45

    Capital reserves                     EUR          4.161.971,86

    Retained earnings / revenue reserves EUR             25.564,59

   Balance sheet profit/loss (+/-)       EUR         32.041.653,58

    Balance sheet profit / loss          EUR         32.041.653,58

  Provisions                             EUR          3.266.481,89

   Pension provisions and comparable

   provisions                            EUR            104.987,00

   Provisions for taxes                  EUR            796.585,04

   Other / unspecified provisions        EUR          2.364.909,85

  Liabilities                            EUR          1.509.181,66

   Other liabilities                     EUR          1.509.181,66

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            843.231,02

    Liabililties due to related companiesEUR            416.685,73

    Unspecified other liabilities        EUR            249.264,91

     thereof liabilities from tax /

     financial authorities               EUR            174.948,82

     thereof liabilities from social

     security                            EUR             29.344,68

 

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

 Code (HGB)

  Sales                                  EUR         51.336.546,50

  Inventory change + own costs (+/-)     EUR           -648.687,42

   Inventory change (+/-)                EUR           -672.830,59

   Capitalised own costs                 EUR             24.143,17

  Other operating income                 EUR            884.094,94

  Cost of materials                      EUR         20.989.253,59

   Raw materials and supplies, purchased

   goods                                 EUR         20.783.788,19

   Purchased services                    EUR            205.465,40

  Gross result (+/-)                     EUR         30.582.700,43

  Staff expenses                         EUR         11.810.011,66

   Wages and salaries                    EUR         10.172.080,62

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1.637.931,04

  Total depreciation                     EUR          1.368.155,70

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1.368.155,70

  Other operating expenses               EUR          4.074.134,75

  Operating result from continuing

  operations                             EUR         13.330.398,32

  Interest result (+/-)                  EUR            522.650,87

   Interest and similar income           EUR            549.090,16

    thereof from related companies       EUR             64.466,21

   Interest and similar expenses         EUR             26.439,29

    thereof paid to related companies    EUR              5.860,47

  Financial result (+/-)                 EUR            522.650,87

  Result from ordinary operations (+/-)  EUR         13.853.049,19

  Income tax / refund of income tax (+/-)EUR         -3.787.303,89

  Tax (+/-)                              EUR         -3.787.303,89

  Annual surplus / annual deficit        EUR         10.065.745,30

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.07.2007 - 30.06.2008

 

 ASSETS                                  EUR         40.950.240,89

  Fixed assets                           EUR         14.739.152,98

   Intangible assets                     EUR            465.452,07

    Concessions, licences, rights        EUR            465.452,07

   Tangible assets                       EUR         14.273.700,91

    Land / similar rights                EUR         11.455.351,02

    Other tangible assets / fixtures and

    fittings                             EUR          2.818.349,89

  Current assets                         EUR         26.102.390,77

   Stocks                                EUR          6.371.070,13

    Raw materials, consumables and

    supplies                             EUR          2.396.508,89

    Finished goods / work in progress    EUR          3.974.561,24

   Accounts receivable                   EUR          7.889.514,35

    Trade debtors                        EUR          1.403.593,54

    Amounts due from related companies   EUR          5.125.211,36

    Other debtors and assets             EUR          1.360.709,45

   Liquid means                          EUR         11.841.806,29

  Remaining other assets                 EUR            108.697,14

   Accruals (assets)                     EUR            108.697,14

 

 LIABILITIES                             EUR         40.950.240,89

  Shareholders' equity                   EUR         36.227.356,22

   Capital                               EUR             63.911,49

    Subscribed capital (share capital)   EUR             63.911,49

   Reserves                              EUR          4.187.536,45

    Capital reserves                     EUR          4.161.971,86

    Retained earnings / revenue reserves EUR             25.564,59

   Balance sheet profit/loss (+/-)       EUR         31.975.908,28

    Balance sheet profit / loss          EUR         31.975.908,28

  Provisions                             EUR          2.685.011,94

   Pension provisions and comparable

   provisions                            EUR            105.706,00

   Other / unspecified provisions        EUR          2.579.305,94

  Liabilities                            EUR          2.037.872,73

   Other liabilities                     EUR          2.037.872,73

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            864.035,57

    Liabililties due to related companiesEUR            813.397,17

    Unspecified other liabilities        EUR            360.439,99

     thereof liabilities from tax /

     financial authorities               EUR            165.742,79

     thereof liabilities from social

     security                            EUR             22.976,84

 

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

 Code (HGB)

  Sales                                  EUR         48.026.107,49

  Inventory change + own costs (+/-)     EUR            825.830,66

   Inventory change (+/-)                EUR            806.184,00

   Capitalised own costs                 EUR             19.646,66

  Other operating income                 EUR            355.865,79

  Cost of materials                      EUR         22.961.837,14

   Raw materials and supplies, purchased

   goods                                 EUR         22.765.653,89

   Purchased services                    EUR            196.183,25

  Gross result (+/-)                     EUR         26.245.966,80

  Staff expenses                         EUR         11.470.154,37

   Wages and salaries                    EUR          9.908.510,80

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1.561.643,57

  Total depreciation                     EUR          1.139.753,72

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1.139.753,72

  Other operating expenses               EUR          4.500.731,08

  Operating result from continuing

  operations                             EUR          9.135.327,63

  Interest result (+/-)                  EUR            330.852,81

   Interest and similar income           EUR            361.604,59

   Interest and similar expenses         EUR             30.751,78

    thereof paid to related companies    EUR              7.810,27

  Financial result (+/-)                 EUR            330.852,81

  Result from ordinary operations (+/-)  EUR          9.466.180,44

  Income tax / refund of income tax (+/-)EUR         -2.507.765,10

  Tax (+/-)                              EUR         -2.507.765,10

  Annual surplus / annual deficit        EUR          6.958.415,34


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.16

UK Pound

1

Rs.88.03

Euro

1

Rs.70.86

 

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.