|
Report Date : |
17.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
FINETECH GMBH & CO. KG |
|
|
|
|
Registered Office : |
Wolfener Str. 32-34 Haus L D 12681 Berlin |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
18.03.1999 |
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|
|
|
Com. Reg. No.: |
HRA 29694 B |
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|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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|
|
|
Line of Business : |
Manufacture of electronic components |
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|
|
|
No. of Employees : |
55 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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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 |
|
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 |
FINETECH GMBH & CO. KG
Company Status: active
Wolfener Str. 32-34 Haus L
D 12681 Berlin
Telephone:030/9366810
Telefax: 030/93668144
Homepage: www.finetech.de
E-mail: finetech@finetech.de
VAT no.: DE812670766
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 18.03.1999
Registered on: 18.03.1999
Register of
companies: Local court 14057 Berlin
under: HRA 29694 B
Total cap. contribution:
EUR 1,000,000.00
Limited partner:
Genius
Beteiligungs-GmbH & Co. KG
Emailfabrikstr. 12
D 92224
Amberg
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 10,225.84
contribution:
Share: EUR 950,000.00
Registered
on: 10.06.1998
Reg. data: 92224 Amberg, HRA 1936
Limited partner:
Elke Kürbis
D 16348
Wandlitz
born:
25.02.1964
Share: EUR 50,000.00
General partner:
Präziso Verwaltungs GmbH
Emailfabrikstr. 12
D 92224
Amberg
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered on: 07.06.2012
Reg. data:
92224 Amberg, HRB 5035
Manager:
Dr. Georg
Baumann
Zur Hohen
Warte 15
D 92224
Amberg
having sole
power of representation
born:
16.04.1955
Profession:
graduate engineer
Marital
status: married
Manager:
Annette
Baumann
Zur Hohen
Warte 15
D 92224
Amberg
having sole
power of representation
born:
12.01.1961
née: Fickert
Profession:
Pharmacist
Marital
status: married
Manager:
Gunter Kürbis
An der
Bogenheide 21a
D 16348
Wandlitz
having sole
power of representation
born:
31.08.1961
Proxy:
Klaus-Peter
Partsch
Dorotheenstr. 15
D 12557
Berlin
having sole
power of representation
born:
22.03.1954
Proxy:
Alexander
Dunkel
D 01067
Dresden
having sole power of representation
born:
20.10.1962
14.05.1992 - 17.03.1999 FINETECH
Gesellschaft für
Elektronik-Technologie mbH
Dossestr.
18
D 10247 Berlin
Private
limited company
29.03.1999 - 06.07.2012 General
partner
Genius
Verwaltungs-GmbH
D 92224
Amberg
Secondary industrial sector
2611 Manufacture of electronic
components
43210 Electrical installation
7010 Activities of head offices
Branch:
FINETECH GmbH
& Co. KG
Zur Wetterwarte 50
D 01109
Dresden
TEL.:
0351/8885660
FAX.:
0351/88856613
Shareholder:
Martin GmbH
Argelsrieder
Feld 1b
D 82234 Weßling
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 100,000.00
Share: EUR 100,000.00
Reg.
data: 17.03.1989
Local court 80797 München
HRB 87040
Payment experience: within periods customary in this trade
Negative information: We have
no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: Tenant
Address Wolfener Str. 32-34 Haus L
D 12681 Berlin
Real Estate of: Präziso Verwaltungs GmbH
Type of ownership: Tenant
Address Emailfabrikstr. 12
D 92224 Amberg
Land register documents were not available.
LANDESBANK BERLIN - BERLINER SPARKASSE, BERLIN
Sort. code: 10050000, Account no.: 543521494, BIC: BELADEBEXXX
UNICREDIT BANK - HYPOVEREINSBANK, BERLIN
Sort. code: 10020890, BIC: HYVEDEMM488
Profit: 2010/2011 EUR 2,401,936.00
Equipment: EUR
199,043.00
Ac/ts receivable:
EUR 2,013,712.00
Liabilities:
EUR 5,397,008.00
Employees:
55
- Trainees: 2
Balance sheet ratios 01.07.2010
- 30.06.2011
Equity ratio [%]: 79.82
Liquidity ratio: 10.00
Return on total capital [%]: 33.15
Balance sheet ratios 01.07.2009
- 30.06.2010
Equity ratio [%]: 82.23
Liquidity ratio:
6.55
Return on total capital [%]: -0.70
Balance sheet ratios 01.07.2008
- 30.06.2009
Equity ratio [%]: 3.48
Liquidity ratio:
0.52
Balance sheet ratios 01.07.2007
- 30.06.2008
Equity ratio [%]: 4.00
Liquidity ratio:
0.47
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: 01.07.2010 - 30.06.2011
ASSETS EUR 7,266,698.34
Fixed assets EUR 2,385,838.27
Intangible assets EUR 43,647.50
Goodwill EUR 1,325.00
Other / unspecified intangible
assetsEUR 42,322.50
Tangible assets EUR 604,012.07
Land / similar rights EUR 8,377.00
Plant / machinery EUR 293,047.50
Other tangible assets / fixtures and
fittings EUR 199,043.00
Advance payments made / construction
in progress EUR 103,544.57
Financial assets EUR 1,738,178.70
Shares in participations /
subsidiaries and the like EUR 1,738,178.70
Shares in related companies EUR 1,738,178.70
Current assets EUR 4,861,810.07
Stocks EUR 1,421,429.08
Other / unspecified stocks EUR 1,421,429.08
Received advance payments for orders
(depreciated on the assets side) EUR -544,083.28
Accounts receivable EUR 2,013,711.93
Amounts due from related companies EUR 452,461.85
Other debtors and assets EUR 1,561,250.08
Liquid means EUR 1,426,669.06
Remaining other assets EUR 19,050.00
Accruals (assets) EUR 19,050.00
LIABILITIES EUR 7,266,698.34
Shareholders' equity EUR 1,000,000.00
Capital EUR 1,000,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,000,000.00
Provisions EUR 869,690.00
Liabilities EUR 5,397,008.34
Other liabilities EUR 5,397,008.34
Liabilities due to shareholders EUR 4,784,364.25
Unspecified other liabilities EUR 612,644.09
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 8,952,131.83
Staff expenses EUR 3,917,176.08
Wages and salaries EUR 3,353,277.03
Social security contributions and
expenses for pension plans and
benefits EUR 563,899.05
Total depreciation EUR 119,190.25
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 119,190.25
Other operating expenses EUR 2,266,331.76
Operating result from continuing
operations EUR 2,649,433.74
Result from participating interests
(+/-) EUR 205,605.00
Expenses / income from participations
EUR 205,605.00
Income from related companies EUR 205,605.00
Interest result (+/-) EUR -79,635.21
Interest and similar income EUR 15,003.52
thereof from related companies EUR 12,368.07
Interest and similar expenses EUR 94,638.73
Financial result (+/-) EUR 125,969.79
Result from ordinary operations (+/-) EUR
2,775,403.53
Income tax / refund of income tax
(+/-)EUR -369,650.00
Other taxes / refund of taxes EUR -3,818.00
Tax (+/-) EUR -373,468.00
Annual surplus / annual deficit EUR 2,401,935.53
Type
of balance
sheet: Company balance sheet
Financial
year: 01.07.2009 - 30.06.2010
ASSETS EUR 4,940,613.60
Fixed assets EUR 2,158,056.70
Intangible assets EUR 59,969.50
Other / unspecified intangible
assetsEUR 59,969.50
Tangible assets EUR 360,137.50
Other / unspecified tangible assets EUR
360,137.50
Financial assets EUR 1,737,949.70
Other / unspecified financial assets
EUR 1,737,949.70
Current assets EUR 2,764,026.90
Stocks EUR 1,171,700.00
Accounts receivable EUR 1,500,269.00
Other debtors and assets EUR 1,500,269.00
Liquid means EUR 92,057.90
Remaining other assets EUR 18,530.00
Accruals (assets) EUR 18,530.00
LIABILITIES EUR 4,940,613.60
Shareholders' equity EUR 1,000,000.00
Capital EUR 1,000,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,000,000.00
Provisions EUR 551,475.00
Liabilities EUR 3,389,138.60
Other liabilities EUR 3,389,138.60
Unspecified other liabilities EUR 3,389,138.60
There may have been some changes since our last research took place.
Therefore, a freshly researched report will follow shortly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.82 |
|
|
1 |
Rs.87.9 |
|
Euro |
1 |
Rs.72.83 |
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 |
|
---- |
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.