|
Report Date : |
16.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GESELLSCHAFT
FÜR OELTECHNIK MIT BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Lessingstr.
32 D 68753 Waghäusel |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1955 |
|
|
|
|
Com. Reg. No.: |
HRB
250011 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture of other general-purpose machinery |
|
|
|
|
No. of Employees : |
200 |
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 – 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
Gesellschaft für Oeltechnik
mit beschränkter Haftung
Company Status: active
Lessingstr. 32
D
68753 Waghäusel
Telephone:07254/981-0
Telefax: 07254/981-105
Homepage: www.oeltechnik.de
E-mail: info@oeltechnik.de
DE143086346
30076/37508
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 1955
Shareholders'
agreement: 14.01.1955
Registered on: 09.04.1963
Commercial Register: Local court 68159 Mannheim
under: HRB
250011
EUR 2,400,000.00
Norbert Marker
Regerstr. 8
D
68794 Oberhausen-Rheinhausen
born:
06.11.1952
Share: EUR 800,000.00
Shareholder:
Franz
Springer
Prinz-Eugen-Str. 19
D
68753 Waghäusel
born:
21.08.1938
Share: EUR 720,000.00
Shareholder:
Thorsten Wichmann
Obere
Bachstr. 38
D
68753 Waghäusel
born:
27.01.1969
Share: EUR 636,800.00
Shareholder:
Werner
Wichmann
Obere
Bachstr. 38
D
68753 Waghäusel
Share: EUR 163,200.00
Shareholder:
Michael Springer
D
68753 Waghäusel
born:
29.07.1964
Share: EUR 80,000.00
Manager:
Norbert Marker
Regerstr. 8
D
68794 Oberhausen-Rheinhausen
born:
06.11.1952
Profession: Businessman
Marital status: married
Proxy:
Thorsten Wichmann
Obere
Bachstr. 38
D 68753 Waghäusel
authorized to jointly represent the company
born:
27.01.1969
Marital status: single
Proxy:
Stefan
Fleck
Talstr. 20
D
75239 Eisingen
authorized to jointly represent the company
born:
11.04.1961
Proxy:
Michael Springer
Schillerstr. 29a
D
68723 Schwetzingen
Proxy:
Jochen
Reich
D
74931 Lobbach
authorized to jointly represent the company
born:
12.05.1966
Proxy:
Bernhard Hackmann
D 76698 Ubstadt-Weiher
authorized to jointly represent the company
born:
28.06.1968
FURTHER FUNCTIONS/PARTICIPATIONS OF NORBERT
MARKER (MANAGER)
Shareholder:
CTM
GmbH
Regerstr. 8
D
68794 Oberhausen-Rheinhausen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 10.06.2009
Reg.
data: 68159 Mannheim, HRB 706898
Manager:
Tube
Tech GmbH
Lessingstr. 32
D 68753 Waghäusel
Legal
form: Private limited company
Share
capital: EUR 1,000,000.00
Registered
on: 24.01.2001
Reg.
data: 68159 Mannheim, HRB 250731
Manager:
Oeltechnik Luftkühler GmbH
Lessingstr. 32
D
68753 Waghäusel
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 26.02.2001
Reg.
data: 68159 Mannheim, HRB 250735
Manager:
CTM
GmbH
Regerstr. 8
D
68794 Oberhausen-Rheinhausen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 10.06.2009
Reg.
data: 68159 Mannheim, HRB 706898
11.01.1960 -
12.12.1963 Gesellschaft für Oeltechnik
mbH
D
68159 Mannheim
Private limited company
24.05.1993 - 16.01.2013
Manager
Franz Springer
D
68753 Waghäusel
Secondary industrial sector
28290 Manufacture of other general-purpose
machinery
46189 Agents involved in
the sale of other goods n.e.c.
4669 Wholesale of other
machinery, equipment and supplies
71122 Engineering
activities in the field of technical sectoral planning andengineering design
Works:
Gesellschaft für Oeltechnik mit
beschränkter
Haftung
Kolpingstr. 82a
D
68753 Waghäusel
Shareholder:
Tube
Tech GmbH
Lessingstr.
32
D
68753 Waghäusel
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg.
data: 24.01.2001
Local court 68159 Mannheim
HRB 250731
Shareholder:
Oeltechnik Luftkühler GmbH
Lessingstr. 32
D
68753 Waghäusel
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 26.02.2001
Local court 68159 Mannheim
HRB 250735
Payment experience: within
agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Lessingstr. 32
D
68753 Waghäusel
Type of real estate:
factory building
Value at selling
price: EUR 1,636,000.00
Type of ownership: proprietor
Share: 100.00 %
Address Kolpingstr. 82a
D
68753 Waghäusel
Land register documents
were not available.
Principal bank
COMMERZBANK VORMALS
DRESDNER BANK, MANNHEIM
Sort. code: 67080050,
Account no.: 6581109, BIC: DRESDEFF670
Further banks
VOLKSBANK
BRUHRAIN-KRAICH-HARDT, WAGHÄUSEL
Sort. code: 66391600, BIC:
GENODE61ORH
COMMERZBANK, KARLSRUHE,
BADEN
Sort. code: 66040018, BIC:
COBADEFF660
COMMERZBANK, BRUCHSAL
Sort. code: 66340018,
Account no.: 4708707, BIC: COBADEFF663
UNICREDIT BANK -
HYPOVEREINSBANK, MANNHEIM
Sort. code: 67020190, BIC:
HYVEDEMM489
POSTBANK, LUDWIGSHAFEN AM
RHEIN
Sort. code: 54510067, BIC:
PBNKDEFF545
Turnover: 2011 EUR 32,000,000.00
2012 EUR 32,000,000.00
Expected turnover: EUR 33,000,000.00
Profit: 2011 EUR -2,822,107.00
further business figures:
Equipment: EUR 943,068.00
Ac/ts receivable: EUR 8,596,882.00
Liabilities: EUR 14,893,059.00
Total numbers of vehicles: 9
-
Passenger cars:
9
Employees: 200
-
thereof permanent staff: 200
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 24.16
Liquidity ratio: 0.91
Return on total capital [%]: -14.33
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 40.88
Liquidity ratio: 4.74
Return on total capital [%]: 1.59
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 38.19
Liquidity ratio: 10.00
Return on total capital [%]: 25.19
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 17.35
Liquidity ratio: 1.61
Return on total capital [%]: 14.62
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 20,837,581.12
Fixed assets
EUR 4,793,545.81
Intangible assets
EUR 133,051.00
Other / unspecified intangible assetsEUR 133,051.00
Tangible assets
EUR 3,328,458.83
Land / similar rights
EUR 1,926,141.44
Plant / machinery
EUR 459,249.00
Other tangible assets / fixtures and
fittings
EUR 943,068.39
Financial assets
EUR 1,332,035.98
Shares in participations /
subsidiaries and the like
EUR 1,332,035.98
Shares in related companies
EUR 1,332,035.98
Current assets
EUR 14,655,220.53
Stocks
EUR 2,523,281.50
Raw materials, consumables and
supplies EUR 3,052,834.03
Finished goods / work in progress
EUR 5,372,258.62
Advance payments made
EUR 3,117.54
Minus received advance payments for
orders / installments for stocks
EUR -5,904,928.69
Accounts receivable
EUR 8,596,882.47
Amounts due from shareholders
EUR 0.00
Trade debtors
EUR 6,277,423.34
Amounts due from related companies
EUR 1,981,086.67
Other debtors and assets
EUR 338,372.46
Investments in current assets
EUR 0.00
Thereof related companies
EUR 0.00
Liquid means
EUR 3,535,056.56
Remaining other assets
EUR 1,388,814.78
Accruals (assets)
EUR 41,148.78
Deferred taxes (assets)
EUR 1,347,666.00
LIABILITIES EUR 20,837,581.12
Shareholders' equity
EUR 2,875,140.86
Capital
EUR 2,400,000.00
Subscribed capital (share capital)
EUR 2,400,000.00
Reserves
EUR 819,602.93
Retained earnings / revenue reserves EUR 819,602.93
Balance sheet profit/loss (+/-)
EUR -344,462.07
Balance sheet profit / loss
EUR -344,462.07
Provisions
EUR 3,069,381.13
Pension provisions and comparable
provisions
EUR 2,144,983.31
Other / unspecified provisions
EUR 924,397.82
Liabilities
EUR 14,893,059.13
Financial debts
EUR 5,215,310.68
Liabilities due to banks
EUR 5,215,310.68
Other liabilities EUR 9,677,748.45
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,846,053.35
Liabilities due to shareholders
EUR 1,883,905.21
Unspecified other liabilities
EUR 947,789.89
thereof liabilities from tax /
financial authorities
EUR 720,640.57
thereof liabilities from social
security
EUR 105,047.33
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 14,095,964.11
Staff expenses
EUR 13,128,451.82
Wages and salaries
EUR 10,993,320.61
Social
security contributions and
expenses for pension plans and
benefits
EUR 2,135,131.21
Total depreciation
EUR 763,431.61
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 763,431.61
Other operating expenses
EUR 3,962,473.82
Operating result from continuing
operations
EUR -3,758,393.14
Result from participating interests
(+/-)
EUR 150,006.62
Expenses / income from participations EUR 150,006.62
Income from related companies
EUR 150,006.62
Interest result (+/-)
EUR -523,479.20
Interest and similar income
EUR 46,897.07
thereof from related companies
EUR 17,049.85
Interest and similar expenses
EUR 570,376.27
thereof paid to related companies
EUR 0.00
Other financial result
EUR 0.00
Income from securities and loans from
financial assets
EUR 0.00
thereof related companies
EUR 0.00
Financial result (+/-)
EUR -373,472.58
Result from ordinary operations (+/-)
EUR -4,131,865.72
Extraordinary expenses
EUR 39,468.23
Extraordinary
result (+/-) EUR -39,468.23
Income tax / refund of income tax (+/-)EUR 1,364,570.32
Other taxes / refund of taxes
EUR -15,343.65
Tax
(+/-)
EUR 1,349,226.67
Annual surplus / annual deficit
EUR -2,822,107.28
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 19,114,876.67
Fixed
assets EUR 5,010,163.81
Intangible assets
EUR 189,046.00
Concessions, licences, rights
EUR 189,046.00
Tangible assets
EUR 3,489,081.83
Land / similar rights
EUR 1,904,129.44
Plant / machinery
EUR 502,443.50
Other tangible assets / fixtures and
fittings
EUR 1,082,508.89
Financial
assets EUR 1,332,035.98
Shares in participations /
subsidiaries and the like
EUR 1,332,035.98
Shares in related companies
EUR 1,332,035.98
Current assets EUR 14,064,159.15
Stocks
EUR 1,616,199.98
Raw materials, consumables and
supplies
EUR 2,320,764.38
Finished goods / work in progress
EUR 3,426,258.28
Advance payments made
EUR 38,458.72
Minus received advance payments for
orders / installments for stocks
EUR -4,169,281.40
Accounts receivable
EUR 6,590,076.75
Amounts due from shareholders
EUR 0.00
Trade debtors
EUR 4,074,169.94
Amounts due from related companies
EUR 1,431,784.09
Other debtors and assets
EUR 1,084,122.72
Investments in current assets
EUR 0.00
Thereof related companies
EUR 0.00
Liquid means
EUR 5,857,882.42
Remaining other assets
EUR 40,553.71
Accruals (assets)
EUR 40,553.71
LIABILITIES EUR 19,114,876.67
Shareholders' equity
EUR 5,697,248.14
Capital EUR 2,400,000.00
Subscribed capital (share capital)
EUR 2,400,000.00
Reserves
EUR 819,602.93
Retained earnings / revenue reserves EUR 819,602.93
Balance sheet profit/loss (+/-)
EUR 2,477,645.21
Profit / loss brought forward
EUR 4,968,362.45
Annual surplus / annual deficit
EUR 9,282.76
withdrawn/distributed
EUR 2,500,000.00
Provisions EUR 3,998,003.21
Pension provisions and comparable
provisions
EUR 2,107,807.98
Provisions for taxes
EUR 1,085,473.00
Other / unspecified provisions
EUR 804,722.23
Liabilities
EUR 9,419,625.32
Financial debts
EUR 3,471,863.78
Liabilities due to banks
EUR 3,471,863.78
Other liabilities
EUR 5,947,761.54
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,206,717.68
Liabilities due to shareholders
EUR 2,172,672.98
Unspecified other liabilities
EUR 568,370.88
thereof liabilities from tax /
financial authorities
EUR 292,946.20
thereof liabilities from social
security
EUR 118,491.86
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 31,303,764.38
Inventory change + own costs (+/-)
EUR -2,198,356.41
Inventory change (+/-)
EUR -2,198,356.41
Other operating income
EUR 361,110.98
Cost of materials
EUR 13,475,345.93
Raw materials and supplies, purchased
goods
EUR 13,327,046.02
Purchased services
EUR 148,299.91
Gross result (+/-)
EUR 15,991,173.02
Staff expenses
EUR 11,308,099.59
Wages and salaries
EUR 9,276,527.75
Social security contributions and
expenses for pension plans and
benefits
EUR 2,031,571.84
Total depreciation
EUR 857,314.69
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 857,314.69
Other operating expenses
EUR 3,364,582.35
Operating result from continuing
operations
EUR 461,176.39
Result from participating interests
(+/-)
EUR 300,006.63
Expenses / income from participations EUR 300,006.63
Income from related companies
EUR 300,006.63
Interest result (+/-)
EUR -308,226.55
Interest and similar income
EUR 63,690.56
thereof from related companies
EUR 23,981.00
Interest and similar expenses
EUR 371,917.11
thereof paid to related companies
EUR 0.00
Other financial result
EUR 0.00
Income from securities and loans from
financial assets
EUR 0.00
thereof related companies
EUR 0.00
Financial result (+/-)
EUR -8,219.92
Result from ordinary operations (+/-)
EUR 452,956.47
Extraordinary expenses
EUR 293,563.42
Extraordinary result (+/-)
EUR -293,563.42
Income tax / refund of income tax (+/-)EUR -131,323.47
Other taxes / refund of taxes
EUR -18,786.82
Tax
(+/-) EUR -150,110.29
Annual surplus / annual deficit
EUR 9,282.76
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
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.