MIRA INFORM REPORT
|
Report Date : |
15.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
BERTHOLD TECHNOLOGIES GMBH & CO. KG |
|
|
|
|
Registered Office : |
Calmbacher Strasse 22, Bad Wildbad, 75323 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.1949 |
|
|
|
|
Com. Reg. No.: |
330991 |
|
|
|
|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Manufacture of instruments and appliances for measuring, checking,
testing, navigating and other purposes, except industrial process control
equipment |
|
|
|
|
No. of Employees : |
255 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
B1 |
B1 |
|
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
Company Name and address
|
BERTHOLD TECHNOLOGIES GmbH & Co. KG |
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||
Business Description
Founded in 1949, Berthold Technologies GmbH & Co. KG deals in the development of sensors, instruments and detection systems. The company offers instruments for bioscience, medicine, industrial process control and radiation protection applications. It offers process control systems for level, density, concentration and mass measurement. The company provides a variety of detectors, gauges, switches and pickling analysers. It also offers systems that are used in the measurement of moisture content in bunkers, weighing and feeding tanks. The company provides contamination, dose rate and airborne radioactivity monitors. It offers gamma counters for use in research and clinical diagnostic processes. In addition, the company provides a range of activity counting systems, stationary spectrometers, nuclear data loggers and supervision systems.
Industry
|
Industry |
|
|
ANZSIC 2006: |
2419 -
Other Professional and Scientific Equipment Manufacturing |
|
NACE 2002: |
|
|
NAICS 2002: |
|
|
UK SIC 2003: |
|
|
UK SIC 2007: |
2651 - Manufacture
of instruments and appliances for measuring, testing and navigation |
|
US SIC 1987: |
Key Executives
|
Name |
Title |
|
Horst G Knauff |
Chief Executive Officer |
|
Fritz Berthold |
Chairman |
News
|
Title |
Date |
|
Patent
Issued for Apparatus, Device and Method for Arranging at Least One Sample
Container |
20-Mar-2013 |
|
US Patent
Issued to Berthold Technologies on March 12 for "Apparatus, device and
method for arranging at least one sample container" (German... |
12-Mar-2013 |
|
Accurate
Density Measurement |
8-Oct-2012 |
|
Berthold
and Agellis start co-operation with initial development order placed on
Agellis |
18-Jun-2012 |
|
Berthold
and Agellis start co-operation with initial development order placed on
Agellis (AGELLIS Group AB) |
14-Jun-2012 |
|
Berthold
and Agellis start co-operation with initial development order placed on
Agellis |
14-Jun-2012 |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet
Item Exchange Rate: USD 1 = EUR 0.770327
|
|
ANZSIC 2006 Codes: |
||
|
2419 |
- |
Other Professional and Scientific
Equipment Manufacturing |
|
NACE 2002 Codes: |
||
|
3320 |
- |
Manufacture of instruments and appliances
for measuring, checking, testing, navigating and other purposes, except
industrial process control equipment |
|
NAICS 2002 Codes: |
||
|
334513 |
- |
Instrument's and Related Products
Manufacturing for Measuring, Displaying, and Controlling Industrial Process
Variable |
|
US SIC 1987: |
||
|
3823 |
- |
Industrial Instruments for Measurement, Display,
and Control of Process Variables; and Related Products |
|
UK SIC 2003: |
||
|
3320 |
- |
Manufacture of instruments and appliances
for measuring, checking, testing, navigating and other purposes, except
industrial process control equipment |
|
UK SIC 2007: |
||
|
2651 |
- |
Manufacture of instruments and appliances
for measuring, testing and navigation |
|
|
|
|
Founded in 1949, Berthold Technologies GmbH & Co. KG deals in the development
of sensors, instruments and detection systems. The company offers instruments
for bioscience, medicine, industrial process control and radiation protection
applications. It offers process control systems for level, density,
concentration and mass measurement. The company provides a variety of
detectors, gauges, switches and pickling analysers. It also offers systems that
are used in the measurement of moisture content in bunkers, weighing and
feeding tanks. The company provides contamination, dose rate and airborne
radioactivity monitors. It offers gamma counters for use in research and
clinical diagnostic processes. In addition, the company provides a range of
activity counting systems, stationary spectrometers, nuclear data loggers and
supervision systems.
More Business Descriptions
Detection Instruments Mfr
BERTHOLD
TECHNOLOGIES GmbH & Co. KG is primarily engaged in manufacture of
electronic instruments and appliances for measuring, checking, testing,
navigating and other purposes, except industrial process control equipment; and
manufacture of non-electronic instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment.
Financial Data
|
|
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
Subsidiaries
|
Company |
Percentage
Owned |
Country |
|
BERTHOLD FRANCE SAS |
|
France |
|
Berthold Technologies (UK) Ltd. |
|
England |
|
BERTHOLD ITALIA S.r.l. |
|
Italy |
|
Berthold Technologies Schweiz |
|
Switzerland |
|
BERTHOLD TECHNOLOGIES (Schweiz) GmbH |
|
Switzerland |
|
BERTHOLD TECHNOLOGIES GmbH |
|
Switzerland |
|
Berthold Technologies USA, LLC |
|
United States of America |
|
Berthold Technologies GmbH |
|
|
|
BERTHOLD TECHNOLOGIES (Belgium) N.V./S.A. |
|
|
|
Berthold Technologies(Belgien) N.V./S.A |
|
|
|
|
|
|
||
|
Corporate Family |
Corporate
Structure News: |
|
|
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Bad Wildbad, Baden-WĂ¼rttemberg |
Germany |
Scientific and Technical Instruments |
93.5 |
255 |
|
|
Subsidiary |
Thoiry |
France |
Construction and Agriculture Machinery |
|
34 |
|
|
Subsidiary |
Brugherio, Monza E Brianza |
Italy |
Construction and Agriculture Machinery |
2.7 |
10 |
|
|
Subsidiary |
Harpenden |
United Kingdom |
Electronic Instruments and Controls |
|
8 |
Competitors Report
|
CompanyName |
Location |
Employees |
Ownership |
|
Nuclear Engineering (Holdings) Ltd. |
Wolverhampton, United Kingdom |
5 |
Private |
Executives Report
|
Board
of Directors |
|
|
|
|
|||
|
Chairman |
Chairman |
|
|
Executives |
|
|
|
|
|||
|
Chief Executive Officer |
Chief Executive Officer |
|
|||
|
Managing Director |
Managing Director |
|
|||
|
Limited partner |
Partner |
|
|||
|
Limited partner |
Partner |
|
|||
|
Limited partner |
Partner |
|
|||
|
Limited partner |
Partner |
|
|||
|
Limited partner |
Partner |
|
|||
|
Limited partner |
Partner |
|
|||
|
Limited partner |
Partner |
|
|||
|
Limited partner |
Partner |
|
News
|
Patent
Issued for Apparatus, Device and Method for Arranging at Least One Sample
Container |
20-Mar-2013 |
|
US Patent Issued
to Berthold Technologies on March 12 for "Apparatus, device and method
for arranging at least one sample container" (German... |
12-Mar-2013 |
|
Accurate
Density Measurement |
08-Oct-2012 |
|
Berthold
and Agellis start co-operation with initial development order placed on
Agellis |
18-Jun-2012 |
|
Berthold
and Agellis start co-operation with initial development order placed on
Agellis (AGELLIS Group AB) |
14-Jun-2012 |
|
Berthold
and Agellis start co-operation with initial development order placed on
Agellis |
14-Jun-2012 |
Annual Profit and Loss
|
|
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 |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total income |
93.5 |
74.3 |
71.2 |
|
Net sales |
93.5 |
74.3 |
71.2 |
|
Other operating income |
1.7 |
2.5 |
1.6 |
|
Cost of sales |
39.9 |
33.8 |
34.5 |
|
Gross profit |
53.6 |
40.5 |
36.8 |
|
Advertising, distribution, and commercial
expenses |
22.5 |
19.8 |
20.0 |
|
General expenses |
11.8 |
10.9 |
12.2 |
|
Other operating costs |
0.8 |
0.5 |
0.6 |
|
Net operating
income |
20.2 |
11.9 |
5.6 |
|
Interest received from loans |
0.0 |
- |
- |
|
Other income |
0.7 |
0.6 |
0.9 |
|
Interest payable on loans |
2.5 |
2.7 |
0.1 |
|
Total expenses |
1.8 |
2.1 |
-0.8 |
|
Profit before tax |
18.3 |
9.8 |
6.3 |
|
Provisions |
44.5 |
39.3 |
38.8 |
|
Extraordinary expenses |
0.7 |
0.7 |
- |
|
Extraordinary result |
-0.7 |
-0.7 |
- |
|
Other taxes |
0.2 |
0.2 |
0.2 |
|
Total taxation |
3.1 |
1.5 |
1.1 |
|
Net profit |
14.3 |
7.4 |
5.0 |
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 |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total reserves |
10.0 |
7.2 |
6.0 |
|
Profits for the year |
-0.2 |
0.2 |
-1.3 |
|
Total
stockholders equity |
31.5 |
29.7 |
28.3 |
|
Minority interests |
0.2 |
0.2 |
0.2 |
|
Deferred taxation |
1.8 |
0.6 |
0.1 |
|
Other provisions |
10.1 |
9.9 |
10.6 |
|
Provision for pensions |
29.7 |
29.3 |
29.3 |
|
Provisions and allowances |
41.6 |
39.8 |
40.0 |
|
Trade accounts payable |
2.4 |
2.4 |
2.6 |
|
Taxes and social security |
0.1 |
0.1 |
0.1 |
|
Total long-term
liabilities |
2.5 |
2.5 |
2.7 |
|
Trade creditors |
3.6 |
2.9 |
4.3 |
|
Advances received |
1.7 |
1.6 |
1.1 |
|
Other loans |
0.0 |
0.0 |
0.1 |
|
Taxation and social security |
17.6 |
9.5 |
7.7 |
|
Total current
liabilities |
23.0 |
14.0 |
13.1 |
|
Regularisation account |
0.4 |
0.3 |
0.2 |
|
Total
liabilities (including net worth) |
98.9 |
86.2 |
84.3 |
|
Non-issued capital |
- |
- |
0.5 |
|
Patents |
0.4 |
0.3 |
0.4 |
|
Goodwill |
0.7 |
1.0 |
1.2 |
|
Intangibles |
1.1 |
1.3 |
1.6 |
|
Land and buildings |
6.8 |
7.2 |
8.1 |
|
Machinery and tools |
1.1 |
1.1 |
0.6 |
|
Fixtures and equipment |
6.8 |
7.2 |
8.1 |
|
Fixed assets under construction |
0.0 |
0.0 |
0.1 |
|
Total tangible
fixed assets |
9.7 |
10.4 |
11.2 |
|
Long-term investments |
0.0 |
0.0 |
0.0 |
|
Deposits |
6.6 |
6.7 |
0.6 |
|
Total financial
assets |
6.6 |
6.7 |
0.6 |
|
Total
non-current assets |
17.4 |
18.3 |
13.9 |
|
Raw materials |
3.8 |
3.0 |
2.9 |
|
Work in progress |
8.7 |
7.6 |
7.1 |
|
Finished goods |
6.4 |
5.4 |
5.4 |
|
Net stocks and work in progress |
18.9 |
16.0 |
15.4 |
|
Trade debtors |
16.5 |
12.5 |
13.4 |
|
Other receivables |
0.9 |
1.2 |
1.5 |
|
Total
receivables |
17.4 |
13.8 |
14.9 |
|
Cash and liquid assets |
44.2 |
37.0 |
39.4 |
|
Recoverable taxation |
0.5 |
0.6 |
0.3 |
|
Total current
assets |
80.5 |
66.8 |
69.7 |
|
Prepaid expenses and deferred costs |
0.4 |
0.4 |
0.4 |
|
Total assets |
98.9 |
86.2 |
84.3 |
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 |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Current ratio |
34.96 |
47.54 |
53.16 |
|
Acid test ratio |
26.74 |
36.16 |
41.44 |
|
Total liabilities to net worth |
0.08% |
0.06% |
0.06% |
|
Net worth to total assets |
0.03% |
0.03% |
0.03% |
|
Current liabilities to net worth |
0.07% |
0.05% |
0.05% |
|
Current liabilities to stock |
0.12% |
0.09% |
0.09% |
|
Fixed assets to net worth |
0.06% |
0.06% |
0.05% |
|
Collection period |
690.00 |
606.00 |
664.00 |
|
Stock turnover rate |
2.17 |
2.12 |
2.09 |
|
Profit margin |
0.02% |
0.01% |
0.01% |
|
Return on assets |
0.02% |
0.01% |
0.01% |
|
Shareholders' return |
0.04% |
0.03% |
0.02% |
|
Sales per employee |
20.19 |
16.76 |
15.38 |
|
Profit per employee |
3.25 |
1.83 |
1.09 |
|
Net worth |
31.5 |
29.7 |
28.3 |
|
Number of employees |
333 |
335 |
333 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.83.67 |
|
Euro |
1 |
Rs.71.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.