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Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CETOTEC GMBH |
|
|
|
|
Registered Office : |
Zilzkreuz 23, D 53604 Bad Honnef |
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|
|
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
13.09.1996 |
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|
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Com. Reg. No.: |
HRB 8649 |
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Research and development on
biotechnology |
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|
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No. of Employees : |
09 |
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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|
|
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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 – 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 |
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 |
cetotec GmbH
Zilzkreuz 23
D 53604 Bad Honnef
Telephone: 02224/900000
Telefax:
02224/900002
Homepage: www.cetotec.com
E-mail:
info@cetotec.com
DE812092492
active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.09.1996
Shareholders'
agreement: 13.09.1996
Registered on: 27.04.2004
Commercial Register: Local court 53721 Siegburg
under: HRB
8649
Share capital: EUR 25,600.00
Dr. Sylvia Sellmer-Wilsberg
Menzenberger Str. 59a
D 53604 Bad Honnef
born: 06.06.1963
née: Sellmer
Share: EUR 12,800.00
Shareholder:
Hans Werner Wilsberg
Schulstr. 24
D 53619 Rheinbreitbach
born: 13.04.1961
Share: EUR 12,800.00
Dr. Sylvia Sellmer-Wilsberg
Menzenberger Str. 59a
D 53604 Bad Honnef
having sole power of representation
born: 06.06.1963
née: Sellmer
Marital status: married
Manager:
Hans Werner Wilsberg
Schulstr. 24
D 53619 Rheinbreitbach
born: 13.04.1961
Marital status: unknown
Anna-Liesa Wilsberg
D 53619 Rheinbreitbach
having sole power of representation
born: 20.03.1984
Further
functions/participations of Hans Werner Wilsberg
(Manager)
Shareholder:
Wilsberg Metalltechnik
GmbH
Zilzkreuz 23a
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR
25,564.60
Share: EUR 12,782.30
Registered
on: 05.12.2000
Reg. data: 53721 Siegburg, HRB 7340
Shareholder:
WWW Zerspanung GmbH
Zilzkreuz 23a
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 25,050.00
Share: EUR 8,350.00
Registered
on: 06.12.2010
Reg. data: 53721 Siegburg, HRB 11292
Manager:
Wilsberg Metalltechnik
GmbH
Zilzkreuz 23a
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 25,564.60
Registered
on: 05.12.2000
Reg. data: 53721 Siegburg, HRB 7340
Manager:
WWW Zerspanung GmbH
Zilzkreuz 23a
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 25,050.00
Registered
on: 06.12.2010
Reg. data: 53721 Siegburg, HRB 11292
27.02.1997 - 14.01.1998 Acetotec Biotechnologie GmbH
Hauptstr. 95-97
D 53619
Rheinbreitbach
Private limited
company
14.01.1998 - 27.04.2004 cetotec biotechnologie GmbH
Hauptstr. 95-97
D 53619
Rheinbreitbach
Private limited
company
27.04.2004 - 14.02.2005 cetotec biotechnologie GmbH
In der Brückenwiese
12
D 53639 Königswinter
Private limited company
14.02.2005 - 23.05.2013 cetotec biotechnologie GmbH
Zilzkreuz 23
D 53604 Bad Honnef
Private limited
company
Main industrial sector
72110
Research and development on biotechnology
Secondary
industrial sector
96090
Other service activities n. e. c.
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Zilzkreuz
23
D 53604 Bad Honnef
Land register documents were not
available.
RAIFFEISENBANK NEUSTADT, ASBACH, WESTERW
Sort. code: 57069238, BIC: GENODED1ASN
DEUTSCHE BANK, BAD HONNEF
Sort. code: 38070059, BIC: DEUTDEDK380
Turnover: 2011 EUR 1,250,000.00
2012 EUR 1,215,000.00
Profit: 2011 EUR 38,020.00
further business figures:
Equipment: EUR 66,391.00
Ac/ts receivable: EUR 384,553.00
Liabilities: EUR 210,303.00
Employees:
9
-
thereof permanent staff: 7
The
aforementioned business figures may partly be estimated information based on
average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 64.31
Liquidity ratio: 10.00
Return
on total capital [%]: 4.17
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 46.85
Liquidity ratio: 10.00
Return on total capital [%]: 1.36
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 50.60
Liquidity ratio: 10.00
Return on total capital [%]: 6.72
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 45.58
Liquidity ratio: 10.00
Return
on total capital [%]: 17.25
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 911,599.36
Fixed assets
EUR 168,507.00
Intangible assets
EUR 2,154.00
Concessions, licences, rights
EUR 2,154.00
Tangible assets
EUR 166,353.00
Land / similar rights
EUR 3,588.00
Plant / machinery EUR 96,374.50
Other tangible assets / fixtures and
fittings
EUR 66,390.50
Current assets
EUR 742,101.56
Stocks
EUR 46,528.00
Finished goods / work in progress
EUR 46,528.00
Accounts receivable
EUR 384,553.07
Trade debtors
EUR 275,358.39
Other debtors and assets
EUR 109,194.68
Liquid means
EUR 311,020.49
Remaining other assets
EUR 990.80
Accruals (assets)
EUR 990.80
LIABILITIES EUR 911,599.36
Shareholders' equity
EUR 586,212.89
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Reserves EUR 51,827.00
Retained earnings / revenue reserves EUR 51,827.00
Balance sheet profit/loss (+/-)
EUR 508,821.30
Profit / loss brought forward
EUR 470,801.20
Annual surplus / annual deficit EUR 38,020.10
Provisions
EUR 115,083.00
Other / unspecified provisions
EUR 115,083.00
Liabilities
EUR 210,303.47
Other liabilities
EUR 210,303.47
Trade creditors (for IAS incl. bills
of exchange)
EUR 127,575.78
Unspecified other liabilities
EUR 82,727.69
thereof
liabilities from tax /
financial authorities
EUR 20,052.19
thereof liabilities from social
security
EUR 93.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,161,034.87
Fixed assets
EUR 127,471.83
Intangible assets
EUR 4,505.50
Other / unspecified intangible assetsEUR 4,505.50
Tangible assets
EUR 122,966.33
Other / unspecified tangible assets
EUR 122,966.33
Current assets
EUR 1,030,767.58
Stocks
EUR 54,747.00
Accounts receivable
EUR 475,586.60
Other debtors and assets
EUR 475,586.60
Liquid means
EUR 500,433.98
Remaining other assets
EUR 2,795.46
Accruals (assets)
EUR 2,795.46
LIABILITIES EUR 1,161,034.87
Shareholders' equity EUR 545,138.59
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Reserves
EUR 51,827.00
Retained earnings / revenue reserves EUR 51,827.00
Balance sheet profit/loss (+/-)
EUR 467,747.00
Profit / loss brought forward
EUR 452,037.88
Annual surplus / annual deficit
EUR 15,709.12
Provisions EUR 409,422.95
Liabilities
EUR 206,473.33
Other liabilities
EUR 206,473.33
Unspecified other liabilities
EUR 206,473.33
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.73 |
|
UK Pound |
1 |
Rs.90.61 |
|
Euro |
1 |
Rs.76.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.