MIRA
INFORM REPORT
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Report Date : |
11.12.2013 |
IDENTIFICATION DETAILS
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Name : |
BAVARIA SCHWEIßTECHNIK GMBH |
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Registered Office : |
Wiesenweg 23,
Unterschleißheim, 85716 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.01.1985 |
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Com. Reg. No.: |
HRB75250 |
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Legal Form : |
Private
Independent Company |
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Line of Business : |
·
manufacturer
of machine tools for working metal operated by laser and the like: machining
centres Manufacturer of lathes,
boring and milling machines for working metals manufacturer of parts and accessories for metalworking
machine-tools. |
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No. of Employees : |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
--- |
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 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 |
GermanY ECONOMIC OVERVIEW
The German
economy - the fifth largest economy in the world in PPP terms and Europe's largest
- is a leading exporter of machinery, vehicles, chemicals, and household
equipment and benefits from a highly skilled labor force. Like its Western
European neighbors, Germany faces significant demographic challenges to
sustained long-term growth. Low fertility rates and declining net immigration
are increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, contributed to strong growth in 2006 and
2007 and falling unemployment. These advances, as well as a government
subsidized, reduced working hour scheme, help explain the relatively modest
increase in unemployment during the 2008-09 recession - the deepest since World
War II - and its decrease to 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. A
constitutional amendment approved in 2009 limits the federal government to
structural deficits of no more than 0.35% of GDP per annum as of 2016 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. Following the March 2011 Fukushima nuclear disaster,
Chancellor Angela Merkel announced in May 2011 that eight of the country's 17
nuclear reactors would be shut down immediately and the remaining plants would
close by 2022. Germany hopes to replace nuclear power with renewable energy.
Before the shutdown of the eight reactors, Germany relied on nuclear power for
23% of its electricity generating capacity and 46% of its base-load electricity
production
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Source : CIA |
Company
name & address
Bavaria Schweißtechnik
GmbH
Wiesenweg 23
Unterschleißheim,
85716
Germany
Tel: +49 (0) 89 3171035
Fax: +49 (0) 89 3171796
Synthesis
Employees: 25
Company Type: Private
Independent
Incorporation
Date: 02-Jan-1985
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2011
Reporting
Currency: Euro
Annual Sales: NA
Total Assets: 6.0
Business
Description
Bavaria
Schweißtechnik GmbH is primarily engaged in manufacture of machine tools for
working metal operated by laser and the like: machining centres and the like;
manufacture of lathes, boring and milling machines for working metals;
manufacture of other machine tools for working metal; and manufacture of parts
and accessories for metalworking machine-tools.
Industry
Industry Machinery and Equipment Manufacturing
ANZSIC 2006: 2463 - Machine Tool and Parts Manufacturing
ISIC Rev 4: 2822 - Manufacture of metal-forming
machinery and machine tools
NACE Rev 2: 2849 - Manufacture of other machine tools
NAICS 2012: 33351 - Metalworking Machinery
Manufacturing
UK SIC 2007: 2849 - Manufacture of other machine tools
US SIC 1987: 3548 - Electric and Gas Welding and
Soldering Equipment
Key
Executives
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Name |
Title |
|
Hubert Lettner |
Managing director |
|
Robert Lettner |
Managing director |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet
Item Exchange Rate: USD 1 = EUR 0.770327
Corporate
Overview
Location
Wiesenweg 23
Unterschleißheim, 85716
Germany
Tel: +49
(0) 89 3171035
Fax: +49
(0) 89 3171796
Sales EUR(mil): NA
Assets EUR(mil): 4.6
Employees: 25
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous
Capital Goods
Incorporation
Date: 02-Jan-1985
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(): HRB75250
Parent Registered
No.(UK): DEU
Managing
director: Hubert
Lettner
Industry Codes
ANZSIC 2006
Codes:
2463 - Machine
Tool and Parts Manufacturing
1899 - Other
Basic Chemical Product Manufacturing Not Elsewhere Classified
ISIC Rev 4 Codes:
2822 - Manufacture
of metal-forming machinery and machine tools
2029 - Manufacture
of other chemical products n.e.c.
NACE Rev 2 Codes:
2849 - Manufacture
of other machine tools
2059 - Manufacture
of other chemical products n.e.c.
NAICS 2012 Codes:
33351 - Metalworking
Machinery Manufacturing
325998 - All
Other Miscellaneous Chemical Product and Preparation Manufacturing
US SIC 1987:
3548 - Electric
and Gas Welding and Soldering Equipment
2899 - Chemicals
and Chemical Preparations, Not Elsewhere Classified
UK SIC 2007:
2849 - Manufacture
of other machine tools
2059 - Manufacture
of other chemical products n.e.c.
Business Description
Bavaria
Schweißtechnik GmbH is primarily engaged in manufacture of machine tools for
working metal operated by laser and the like: machining centres and the like;
manufacture of lathes, boring and milling machines for working metals;
manufacture of other machine tools for working metal; and manufacture of parts
and accessories for metalworking machine-tools.
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Executive report
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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-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period
Length |
12
Months |
12
Months |
12
Months |
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Filed
Currency |
EUR |
EUR |
EUR |
|
Exchange
Rate (Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Provisions |
0.8 |
0.8 |
0.8 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed
Currency |
EUR |
EUR |
EUR |
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Exchange
Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.1 |
0.1 |
0.1 |
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Total reserves |
3.7 |
3.3 |
3.0 |
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Total
stockholders equity |
3.8 |
3.5 |
3.2 |
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Provisions and allowances |
0.8 |
0.8 |
0.8 |
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Total
current liabilities |
1.4 |
0.7 |
0.6 |
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Total
liabilities (including net worth) |
6.0 |
5.0 |
4.6 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total
tangible fixed assets |
0.8 |
0.8 |
0.7 |
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Total
non-current assets |
0.8 |
0.8 |
0.7 |
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Net stocks and work in
progress |
1.9 |
1.0 |
1.1 |
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Total
receivables |
1.4 |
1.0 |
0.6 |
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Cash and liquid assets |
1.9 |
2.0 |
2.1 |
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Recoverable taxation |
- |
0.0 |
- |
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Total
current assets |
5.2 |
4.1 |
3.8 |
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Prepaid expenses and deferred
costs |
0.0 |
0.0 |
0.0 |
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Total
assets |
6.0 |
5.0 |
4.6 |
Annual Ratios
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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 |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
36.22 |
61.02 |
67.07 |
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Acid test ratio |
23.23 |
45.33 |
48.27 |
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Total liabilities to net worth |
0.04% |
0.02% |
0.02% |
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Net worth to total assets |
0.06% |
0.07% |
0.07% |
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Current liabilities to net
worth |
0.04% |
0.02% |
0.02% |
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Current liabilities to stock |
0.08% |
0.06% |
0.05% |
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Fixed assets to net worth |
0.02% |
0.02% |
0.02% |
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Net worth |
3.8 |
3.5 |
3.2 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.21 |
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UK Pound |
1 |
Rs.100.65 |
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Euro |
1 |
Rs.84.15 |
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.