|
Report Date : |
17.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ELMOTEC STATOMAT VERTRIEBS GMBH |
|
|
|
|
Registered Office : |
Max-Planck-Strasse 20-24 Karben, 61184 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.06.1992 |
|
|
|
|
Com. Reg. No.: |
HRB71899 |
|
|
|
|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Wholesale of electrical household appliances and radio and television goods |
|
|
|
|
No. of Employees : |
13 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's total budget deficit - including federal, state, and
municipal - to 4.1% in 2010, but slower spending and higher tax revenues
reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus
of 0.1%. 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 though the target was already reached in 2012. By 2014, the federal
government wants to balance its budget. 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 electricity generating capacity and 46%
of its base-load electricity production.
Source
: CIA
Elmotec Statomat
Vertriebs GmbH
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
Business
Description
|
Founded in 1949, Elmotec Statomat Vertriebs GmbH specialises in the
production of semi-automatic insulating, winding and inserting machines. The
company offers fully automatic washing machine motors and automotive
alternators. It provides stand-alone core building, forming and lacing
systems. The company offers cutting machines for wedge strips and slot
insulation and separators. It provides coil inserting systems for the
production of generators, servo drives, and single- and three-phase motors.
The company offers stack making systems for stators and rotors. It also
provides a variety of alternator and segmented stators. The company offers
product support and after sales services. It provides solutions to numerous
small- and medium-sized companies. The company uses CAD and computer aided
manufacturing systems to design, manufacture and assemble products. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
5143 - Wholesale of electrical household appliances
and radio and television goods |
|
NAICS 2002: |
|
|
UK SIC 2003: |
5143 - Wholesale of electrical household appliances
and radio and television goods |
|
UK SIC 2007: |
|
|
US SIC 1987: |
Key Executives
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Elmotec Statomat
Vertriebs GmbH |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Karben, Hessen |
Germany |
Appliance and Tool |
|
13 |
|
|
Schutzrechtsbesitzgesellschaft Elmotec Statomat GmbH
& Co. KG |
Subsidiary |
Karben, Hessen |
Germany |
Miscellaneous Capital Goods |
|
220 |
|
Subsidiary |
Karben, Hessen |
Germany |
Miscellaneous Capital Goods |
|
166 |
Executives Report
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Taxes and social security costs |
0.2 |
0.2 |
0.2 |
|
Total payroll costs |
1.9 |
1.6 |
1.8 |
|
Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
|
Other operating costs |
7.8 |
5.0 |
5.7 |
|
Net operating income |
0.3 |
-1.7 |
-2.2 |
|
Other income |
0.9 |
1.5 |
1.6 |
|
Interest payable on loans |
1.9 |
1.7 |
2.0 |
|
Other expenses |
- |
- |
0.0 |
|
Total expenses |
1.0 |
0.2 |
0.4 |
|
Profit before tax |
-0.6 |
-1.9 |
-2.6 |
|
Extraordinary income |
- |
9.6 |
- |
|
Provisions |
1.8 |
2.2 |
1.6 |
|
Extraordinary expenses |
0.0 |
0.0 |
- |
|
Extraordinary result |
0.0 |
9.6 |
- |
|
Other taxes |
0.0 |
0.0 |
0.0 |
|
Total taxation |
0.0 |
0.2 |
-0.2 |
|
Net profit |
- |
7.5 |
- |
|
Net loss |
-0.7 |
- |
-2.4 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
0.3 |
0.3 |
0.3 |
|
Profits for the year |
7.3 |
8.2 |
0.7 |
|
Profit brought forward from previous year(s) |
7.9 |
0.6 |
3.2 |
|
Total stockholders equity |
7.6 |
8.5 |
1.0 |
|
Other provisions |
- |
2.2 |
- |
|
Provisions and allowances |
1.7 |
2.2 |
1.6 |
|
Taxes and social security |
- |
0.2 |
- |
|
Total long-term liabilities |
- |
0.2 |
4.7 |
|
Trade creditors |
- |
3.6 |
- |
|
Advances received |
- |
10.8 |
- |
|
Taxation and social security |
- |
8.5 |
- |
|
Due to group companies |
- |
3.2 |
- |
|
Total current liabilities |
29.1 |
26.2 |
29.4 |
|
Total liabilities (including net worth) |
38.4 |
37.2 |
36.8 |
|
Patents |
0.0 |
- |
- |
|
Intangibles |
0.0 |
- |
- |
|
Land and buildings |
- |
- |
0.0 |
|
Fixtures and equipment |
- |
- |
0.0 |
|
Total tangible fixed assets |
0.0 |
0.0 |
0.1 |
|
Long-term investments |
0.0 |
0.0 |
0.0 |
|
Shares held in associated companies |
16.5 |
4.9 |
5.3 |
|
Total financial assets |
16.5 |
5.0 |
5.4 |
|
Loans to participants |
0.1 |
0.1 |
0.1 |
|
Total non-current assets |
16.6 |
5.0 |
5.4 |
|
Other receivables |
- |
- |
16.9 |
|
Total receivables |
21.7 |
29.4 |
30.8 |
|
Owing from associated companies |
- |
- |
13.9 |
|
Cash and liquid assets |
0.1 |
2.7 |
0.5 |
|
Total current assets |
21.8 |
32.1 |
31.4 |
|
Total assets |
38.4 |
37.2 |
36.8 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
7.48 |
12.24 |
10.65 |
|
Acid test ratio |
7.48 |
12.24 |
10.65 |
|
Total liabilities to net worth |
0.38% |
0.31% |
3.31% |
|
Net worth to total assets |
0.02% |
0.02% |
0.00% |
|
Current liabilities to net worth |
0.38% |
0.31% |
2.85% |
|
Fixed assets to net worth |
0.22% |
0.06% |
0.52% |
|
Return on assets |
0.00% |
0.02% |
0.00% |
|
Shareholders' return |
-0.01% |
0.09% |
-0.24% |
|
Profit per employee |
-4.53 |
-17.67 |
-14.64 |
|
Average wage per employee |
12.16 |
13.56 |
11.00 |
|
Net worth |
7.6 |
8.5 |
1.0 |
|
Number of employees |
11 |
9 |
12 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.39 |
|
|
1 |
Rs.89.89 |
|
Euro |
1 |
Rs.77.72 |
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.