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Report Date : |
07.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SECO ANLAGENTECHNIK GMBH |
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|
|
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Registered Office : |
In der Mark 28a D 63683 Ortenberg |
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|
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.04.1983 |
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Com. Reg. No.: |
HRB 3287 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other general-purpose machinery |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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. 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 energy and 46% of its base-load electrical production.
Source
: CIA
SECO Anlagentechnik GmbH
Company Status: active
In der Mark 28a
D 63683
Ortenberg
Telephone:06046/7779
Telefax: 06046/451
Homepage:
www.seco-lissberg.de
E-mail: seco@seco-lissberg.de
DE112630580
LEGAL FORM Private limited company
Date of foundation: 1983
Registered on: 22.04.1983
Commercial Register: Local
court 61169 Friedberg
under: HRB 3287
EUR 26,000.00
Otto Steiper
In der Mark
28a
D 63683
Ortenberg
born:
26.08.1947
Share: EUR 26,000.00
Manager:
Otto Steiper
In der Mark
28a
D 63683
Ortenberg
having sole
power of representation
born:
26.08.1947
Profession: Mechanical engineer
Marital
status: married
Manager:
Valentin
Steiper
D 63654
Büdingen
having sole
power of representation
born:
29.09.1981
Main industrial sector
2829 Manufacture of other
general-purpose machinery n.e.c.
46692 Wholesale of other
machinery
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address In der Mark
28a
D 63683
Ortenberg
Land register documents were not available.
VR BANK MAIN-KINZIG-BÜDINGEN, BÜDINGEN, HESS
Sort. code: 50661639, BIC: GENODEF1LSR
Profit: 2011 EUR 10,504.00
Ac/ts
receivable:
EUR 136,566.00
Liabilities: EUR 106,920.00
Total
numbers of vehicles: 2
-
Passenger cars:
2
Employees:
5
The aforementioned business figures may partly be estimated information
based on average values in the line of business.
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 74.54
Liquidity
ratio: 10.00
Return
on total capital [%]: 3.79
Balance
sheet ratios 01.02.2010 - 31.12.2010
Equity
ratio [%]: 84.12
Liquidity
ratio: 10.00
Return
on total capital [%]: -27.52
Balance
sheet ratios 01.02.2009 - 31.01.2010
Equity
ratio [%]: 78.22
Liquidity
ratio: 10.00
Return
on total capital [%]: 16.91
Balance
sheet ratios 01.02.2008 - 31.01.2009
Equity
ratio [%]: 79.45
Liquidity
ratio: 10.00
Return
on total capital [%]: 21.71
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: 01.01.2011 - 31.12.2011
ASSETS EUR 277,561.60
Fixed assets EUR 15,752.00
Intangible assets EUR 640.00
Other / unspecified intangible
assetsEUR 640.00
Tangible assets EUR 15,012.00
Other / unspecified tangible assets EUR 15,012.00
Financial assets EUR 100.00
Other / unspecified financial assets
EUR 100.00
Current assets EUR 261,809.60
Stocks EUR 2,370.00
Accounts receivable EUR 136,566.05
Other debtors and assets EUR 136,566.05
Liquid means EUR 122,873.55
LIABILITIES EUR 277,561.60
Shareholders' equity EUR 164,541.84
Capital EUR 26,000.00
Subscribed capital (share capital) EUR 26,000.00
Balance sheet profit/loss (+/-) EUR 138,541.84
Profit / loss brought forward EUR 128,037.73
Annual surplus / annual deficit EUR 10,504.11
Provisions EUR 6,100.00
Liabilities EUR 106,919.76
Other liabilities EUR 106,919.76
Unspecified other liabilities EUR 106,919.76
Type
of balance
sheet: Company balance sheet
Financial
year: 01.02.2010 - 31.12.2010
ASSETS EUR 245,329.72
Fixed assets EUR 19,994.12
Intangible assets EUR 1,152.00
Other / unspecified intangible
assetsEUR 1,152.00
Tangible assets EUR 18,743.00
Other / unspecified tangible assets EUR 18,743.00
Financial assets EUR 99.12
Other / unspecified financial assets
EUR 99.12
Current assets EUR 224,120.99
Stocks EUR 68,086.00
Accounts receivable EUR 27,632.21
Other debtors and assets EUR 27,632.21
Liquid means EUR 128,402.78
Remaining other assets EUR 1,214.61
Accruals (assets) EUR 1,214.61
LIABILITIES EUR 245,329.72
Shareholders' equity EUR 154,037.73
Capital EUR 26,000.00
Subscribed capital (share capital) EUR 26,000.00
Balance sheet profit/loss (+/-) EUR 128,037.73
Profit / loss brought forward EUR 195,402.46
Annual surplus / annual deficit EUR -67,364.73
Provisions EUR 15,598.63
Liabilities EUR 75,693.36
Other liabilities EUR 75,693.36
Unspecified other liabilities EUR 75,693.36
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.08 |
|
|
1 |
Rs.83.12 |
|
Euro |
1 |
Rs.72.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.