|
Report Date : |
07.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
Spectro Analytical Instruments Gmbh |
|
|
|
|
Registered Office : |
Boschstr 10, D 47533, Kleve |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
09.03.1998 |
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|
|
|
Com. Reg. No.: |
HRB 1876 |
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|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of instruments and appliances for measuring, testing and
navigation. |
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|
|
|
No. of Employees : |
273 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
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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 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
SPECTRO Analytical Instruments GmbH
Company Status: active
Boschstr. 10
D 47533 Kleve
Telephone:02821/892-0
Telefax:
02821/892-2200
Homepage: www.spectro.de
E-mail: spectro.info@ametek.com
DE196424280
116/5700/3643
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
EUR
290,500.00
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
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
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
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: unknown
Address Boschstr.
10
D 47533 Kleve
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, KLEVE,
NIEDERRHEIN
Sort. code: 32080010, BIC: DRESDEFF320
COMMERZBANK, KLEVE, NIEDERRHEIN
Sort. code: 32440023, BIC: COBADEFF324
Equipment: EUR 2,184,949.00
Ac/ts receivable: EUR 44,456,068.00
Liabilities: EUR 36,450,284.00
Employees:
273
- Trainees: 20
Profit transfer agreement to:
AMETEK Material Analysis
Holdings GmbH
Boschstr. 10
D 47533 Kleve
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 ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 48.06
Liquidity ratio: 2.15
Return on total capital [%]: 26.77
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
Inconsistent balance sheets:
Financial year published on
01.01.2008 - 31.12.2008 04.03.2010
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.09 |
|
|
1 |
Rs.83.12 |
|
Euro |
1 |
Rs.72.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.