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Report Date : |
11.01.2013 |
IDENTIFICATION DETAILS
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Name : |
SEBA HYDROMETRIE GMBH & CO. KG |
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Registered Office : |
Gewerbestr. 61a D 87600 Kaufbeuren |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
1990 |
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Com. Reg. No.: |
HRA 9440 |
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Legal Form : |
Ltd partnership with priv. ltd. company
as general partner |
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Line of Business : |
Manufacture of instruments and
appliances for measuring, testing and navigation |
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No. of Employees : |
83 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
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.
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Source : CIA |
SEBA HYDROMETRIE GMBH & CO. KG
Company Status: active
Gewerbestr. 61a
D 87600 Kaufbeuren
Telephone:08341/96480
Telefax:
08341/964848
Homepage: www.seba.de
E-mail:
info@seba.de
VAT no.: DE815310155
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1990
Registered on: 31.08.2011
Register of
companies: Local
court 87435 Kempten
under:
HRA 9440
Total cap. contribution: EUR 30,000.00
Limited partner:
Wolfgang Zasche
Egerlandring 93
D 87600 Kaufbeuren
born: 03.07.1953
Share: EUR 25,500.00
Limited partner:
Karl-Rudolf Düster
Akeleiweg 12
D 87656 Germaringen
born: 08.10.1963
Share: EUR 4,500.00
General partner:
Seba Hydrometrie
Beteiligungs GmbH
Gewerbestr. 61a
D 87600 Kaufbeuren
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered on: 26.08.2011
Reg. data: 87435 Kempten,
HRB 11186
Shareholder:
Karl-Rudolf Düster
Akeleiweg 12
D 87656 Germaringen
born: 08.10.1963
Share: EUR 18,750.00
Shareholder:
Wolfgang Zasche
Egerlandring 93
D 87600 Kaufbeuren
born: 03.07.1953
Share: EUR 6,250.00
Manager:
Wolfgang Zasche
Egerlandring 93
D 87600 Kaufbeuren
having sole power of
representation
born: 03.07.1953
Profession: Fully
qualified economic
engineer
Marital status: married
Manager:
Karl-Rudolf Düster
Akeleiweg 12
D 87656 Germaringen
having sole power of
representation
born: 08.10.1963
Profession: Industrial
manager
1990 - 31.08.2011 Seba-Hydrometrie GmbH
Gewerbestr. 61a
D 87600 Kaufbeuren
Private limited company
Sectors
26511
Manufacture of instruments and appliances for measuring, testing and
navigation
46431
Wholesale of photo and optical goods
46510
Wholesale of computers, computer peripheral equipment and software
62019
Other software development activities
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2009
Type of ownership: Tenant
Address
Gewerbestr. 61a
D 87600 Kaufbeuren
Land register documents were not available.
KREIS- UND STADTSPARKASSE KAUFBEUREN,
KAUFBEUREN
Sort. code: 73450000, BIC: BYLADEM1KFB
UNICREDIT BANK - HYPOVEREINSBANK, KAUFBEUREN
Sort. code: 73420071, BIC: HYVEDEMM427
Turnover: 2011 EUR 9,700,000.00
2012 EUR 10,500,000.00
Profit: 2011 EUR 500,000.00
further business figures:
Equipment: EUR 100,000.00
Ac/ts receivable: EUR 2,914,816.00
Liabilities: EUR 3,600,928.00
Total numbers of vehicles: 11
-
Lorries:
2
-
Passenger cars:
9
Total value of vehicles: EUR 226,000.00
Employees:
83
-
thereof permanent staff: 73
-
Part-time employees: 2
-
Trainees: 8
The aforementioned business figures may partly
be estimated information based on
average values in the line of business.
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 23.09
Liquidity ratio: 0.91
Return on total capital [%]: 10.06
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 15.37
Liquidity ratio: 0.98
Return on total capital [%]: 8.34
Balance
sheet ratios 01.01.2007 -
31.12.2007
Equity ratio [%]: 16.30
Liquidity ratio: 0.96
Return on total capital [%]: 2.51
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: 01.01.2009
- 31.12.2009
ASSETS EUR 5,483,854.21
Fixed assets
EUR 111,918.01
Intangible assets
EUR 5.00
Other / unspecified intangible assetsEUR 5.00
Tangible assets
EUR 107,913.01
Other / unspecified tangible assets
EUR 107,913.01
Financial assets
EUR 4,000.00
Other / unspecified financial assets EUR 4,000.00
Current assets EUR 5,370,759.61
Stocks
EUR 2,074,844.19
Accounts receivable
EUR 2,914,816.33
Other debtors and assets
EUR 2,914,816.33
Liquid means EUR 381,099.09
Remaining other assets
EUR 1,176.59
Accruals (assets)
EUR 1,176.59
LIABILITIES EUR 5,483,854.21
Shareholders' equity
EUR 1,266,204.55
Capital
EUR 32,722.68
Subscribed capital (share capital)
EUR 32,722.68
Balance sheet profit/loss (+/-)
EUR 1,233,481.87
Profit / loss brought forward
EUR 681,906.03
Annual surplus / annual deficit
EUR 551,575.84
Provisions
EUR 616,720.68
Liabilities
EUR 3,600,928.98
Other liabilities
EUR 3,600,928.98
Unspecified other liabilities
EUR 3,600,928.98
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2008
- 31.12.2008
ASSETS EUR 4,354,754.04
Fixed assets
EUR 122,619.61
Tangible assets
EUR 93,055.01
Financial assets
EUR 29,564.60
Current assets
EUR 4,231,257.20
Stocks
EUR 1,193,661.23
Accounts receivable
EUR 2,533,594.43
Liquid means EUR 504,001.54
Remaining other assets
EUR 877.23
Accruals (assets)
EUR 877.23
LIABILITIES EUR 4,354,754.04
Shareholders' equity
EUR 669,130.73
Capital
EUR 32,722.68
Subscribed capital (share capital)
EUR 32,722.68
Balance sheet profit/loss (+/-)
EUR 636,408.05
Profit
/ loss brought forward EUR 273,007.71
Annual surplus / annual deficit
EUR 363,400.34
Provisions
EUR 606,468.90
Liabilities
EUR 3,079,154.41
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
UK Pound |
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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.