|
Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRO ANALYTICAL INSTRUMENTS GMBH |
|
|
|
|
Registered Office : |
Boschstr. 10 D 47533 Kleve |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
09.03.1998 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of instruments and appliances for measuring,
testing and navigation |
|
|
|
|
No. of Employees : |
283 |
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 |
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
SPECTRO ANALYTICAL
INSTRUMENTS GMBH
Company Status: active
Boschstr. 10
D 47533 Kleve
Telephone:02821/892-0
Telefax: 02821/892-2200
Homepage: www.spectro.de
E-mail: spectro.info@ametek.com
VAT no.: DE196424280
Tax ID number: 116/5700/3643
LEGAL FORM Private limited company
Date of foundation: 08.04.1997
Shareholders'
agreement: 08.04.1997
Registered on: 09.03.1998
Commercial Register: Local court 47533 Kleve
under: HRB 1876
Share capital: EUR 290,500.00
Shareholder:
AMETEK Material Analysis Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private limited company
Share capital: EUR 28,000.00
Share: EUR 290,500.00
Registered on: 09.12.2008
Reg. data: 47533 Kleve, HRB 9403
Profit transfer agreement
Manager:
Manfred Andreas Bergsch
Kiebitzweg 30
D 47533 Kleve
having sole power of representation
born: 13.12.1964
Marital status: married
Proxy:
Dr. Joachim Heckel
An der Steinmühle
D 47546 Kalkar
having sole power of representation
born: 03.12.1953
Profession: Businessman
Proxy:
Rainer Petry
D 47533 Kleve
having sole power of representation
born: 11.01.1960
Proxy:
Rolf Bernd Singendonk
D 47533 Kleve
having sole power of representation
born: 01.05.1958
Proxy:
Michael Privik
D 47559 Kranenburg
having sole power of representation
born: 06.03.1965
Further functions/participations of Manfred Andreas Bergsch (Manager)
Manager:
Ametek Grundbesitz GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 01.12.2006
Reg. data: 47533 Kleve, HRB 8399
Manager:
AMETEK Material Analysis Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private limited company
Share capital: EUR 28,000.00
Registered
on: 09.12.2008
Reg. data: 47533 Kleve, HRB 9403
Manager:
Direl Holding GmbH
Allmendstr. 11
D 79848 Bonndorf
Legal form: Private limited company
Share capital: EUR 525,000.00
Registered
on: 05.05.2010
Reg. data: 79098 Freiburg, HRB 705259
Manager:
Dunkermotoren GmbH
Allmendstr. 11
D 79848 Bonndorf
Legal form: Private limited company
Share capital: EUR 2,050,000.00
Registered
on: 27.04.2010
Reg. data: 79098 Freiburg, HRB 705227
Manager:
Direl GmbH
Allmendstr. 11
D 79848 Bonndorf
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.04.2010
Reg. data: 79098 Freiburg, HRB 705214
17.06.1997 - 02.12.1997 JFVG Zweiundneunzigste
Vermögensverwaltungsgesellschaft mbH
Klopstockstr. 5
D 65187 Wiesbaden
Private limited company
03.12.1997 - 09.03.1998 SPECTRO Beteiligungs GmbH
Klopstockstr. 5
D 65187 Wiesbaden
Private limited company
09.03.1998 - 16.11.2008 SPECTRO Beteiligungs GmbH
Boschstr. 10
D 47533 Kleve
Private limited company
Main industrial sector
2651 Manufacture of instruments and appliances for measuring, testing and navigation
Secondary industrial sector
46693 Wholesale of other equipment and accessories for
machinery and technical supplies
64200 Activities of holding companies
Payment experience: within agreed terms
Negative information:We have no negative information at hand.
Balance sheet grade: 1.0 The balance sheet grade ranges from
1.0 to 5.0. It is based on the
following ratios: equity ratio,
liquidity ratio and return on total
capital from the balance sheets
published in the Federal Gazette.
The balance sheet grade forms part
of the Solvency Rating[NG].
Balance sheet
year: 2011
Type of ownership: unknown
Address Boschstr. 10
D 47533 Kleve
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, KLEVE, NIEDERRHEIN
Sort. code: 32080010, BIC: DRESDEFF320
COMMERZBANK, KLEVE, NIEDERRHEIN
Sort. code: 32440023, BIC: COBADEFF324
Turnover: 2011 EUR 103,293,935.00
Profit: 2011 EUR 34,146,755.00
Equipment: EUR 2,305,446.00
Ac/ts receivable: EUR 63,886,369.00
Liabilities: EUR 57,120,932.00
Employees: 283
- Trainees: 21
Profit transfer agreement to:
AMETEK Material Analysis Holdings GmbH
Boschstr. 10
D 47533 Kleve
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 74.85
Liquidity ratio: 4.98
Return on total capital [%]: 38.91
Balance sheet grade: 1.0
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 57.21
Liquidity ratio: 2.95
Return on total capital [%]: 26.31
Balance sheet grade: 1.0
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 48.06
Liquidity ratio: 2.15
Return on total capital [%]: 26.77
Balance sheet grade: 1.4
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 97,573,043.35
Fixed assets EUR 22,372,070.08
Intangible assets EUR 10,028,186.32
Concessions, licences, rights EUR 218,773.62
Goodwill EUR 9,809,412.70
Tangible assets EUR 4,012,840.14
Land / similar rights EUR 1,078,095.30
Plant / machinery EUR 146,332.44
Other tangible assets / fixtures and
fittings EUR 2,305,446.40
Advance payments made / construction
in progress EUR 482,966.00
Financial assets EUR 8,331,043.62
Shares in participations /
subsidiaries and the like EUR 6,505,443.62
Shares in related companies EUR 5,617,690.34
Shares in investee companies EUR 887,753.28
Loans to participations /
subsidiaries and the like EUR 1,825,600.00
Loans to related companies EUR 1,825,600.00
Current assets EUR 75,066,805.63
Stocks EUR 7,538,904.25
Raw materials, consumables and
supplies EUR 2,788,982.40
Finished goods / work in progress EUR 4,749,921.85
Accounts receivable EUR 63,886,369.43
Trade debtors EUR 5,117,282.90
Amounts due from related companies EUR 58,537,084.88
Amounts due from investee companies EUR 210,770.46
Other debtors and assets EUR 21,231.19
Liquid means EUR 3,641,531.95
Remaining other assets EUR 134,167.64
Accruals (assets) EUR 134,167.64
LIABILITIES EUR 97,573,043.35
Shareholders' equity EUR 34,851,066.80
Capital EUR 290,500.00
Subscribed capital (share capital) EUR 290,500.00
Reserves EUR 31,086,808.32
Capital reserves EUR 31,078,627.59
Retained earnings / revenue reserves EUR 8,180.73
Balance sheet profit/loss (+/-) EUR 3,473,758.48
Balance sheet profit / loss EUR 3,473,758.48
Provisions EUR 5,601,045.00
Provisions for taxes EUR 509,995.00
Other / unspecified provisions EUR 5,091,050.00
Liabilities EUR 57,120,931.55
Other liabilities EUR 57,120,931.55
Trade creditors (for IAS incl. bills
of exchange) EUR 8,230,989.39
Liabilities from received advance
payments EUR 2,133,885.39
Liabililties due to related companies EUR 44,759,221.66
Unspecified other liabilities EUR 1,996,835.11
thereof liabilities from tax /
financial authorities EUR 164,301.61
thereof liabilities from social
security EUR 28,057.92
PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code (HGB)
Sales EUR 103,293,935.05
Manufacturing costs EUR 50,095,289.49
Gross result on sales EUR 53,198,645.56
Research and development costs EUR 5,022,355.75
Other operating income EUR 6,088,486.68
Other operating expenses EUR 27,803,324.69
Operating result from continuing
operations EUR 26,461,451.80
Result from participating interests
(+/-) EUR 7,500,476.82
Expenses / income from participations EUR 7,500,476.82
Income from related companies EUR 7,500,476.82
Interest result (+/-) EUR 218,797.22
Interest and similar income EUR 369,307.94
thereof from related companies EUR 369,307.94
Interest and similar expenses EUR 150,510.72
thereof paid to related companies EUR 116,118.12
Financial result (+/-) EUR 7,719,274.04
Result from ordinary operations (+/-) EUR 34,180,725.84
Expenses for transfer of profits to a
parent company EUR 31,694,402.17
Other taxes / refund of taxes EUR -33,970.50
Tax (+/-) EUR -33,970.50
Annual surplus / annual deficit EUR 2,452,353.17
Type of balancesheet:
Company balance sheet
Financial year: 01.01.2010
- 31.12.2010
ASSETS EUR 77,246,295.57
Fixed assets EUR 22,549,098.84
Intangible assets EUR 12,525,778.97
Concessions, licences, rights EUR 264,013.10
Goodwill EUR 12,261,765.87
Tangible assets EUR 3,484,026.25
Land / similar rights EUR 963,939.18
Plant / machinery EUR 106,807.72
Other tangible assets / fixtures and
fittings EUR 2,184,948.92
Advance payments made / construction
in progress EUR 228,330.43
Financial assets EUR 6,539,293.62
Shares in participations /
subsidiaries and the like EUR 4,605,693.62
Shares in related companies EUR 3,717,940.34
Shares in investee companies EUR 887,753.28
Loans to participations /
subsidiaries and the like EUR 1,933,600.00
Loans to related companies EUR 1,933,600.00
Current assets EUR 54,582,021.33
Stocks EUR 6,776,726.05
Raw materials, consumables and
supplies EUR 2,474,785.53
Finished goods / work in progress EUR 4,301,940.52
Accounts receivable EUR 44,456,067.83
Trade debtors EUR 5,103,861.98
Amounts due from related companies EUR 39,318,327.57
Other debtors and assets EUR 33,878.28
Liquid means EUR 3,349,227.45
Remaining other assets EUR 115,175.40
Accruals (assets) EUR 115,175.40
LIABILITIES EUR 77,246,295.57
Shareholders' equity EUR 34,851,066.80
Capital EUR 290,500.00
Subscribed capital (share capital) EUR 290,500.00
Reserves EUR 31,086,808.32
Capital reserves EUR 31,078,627.59
Retained earnings / revenue reserves EUR 8,180.73
Balance sheet profit/loss (+/-) EUR 3,473,758.48
Balance sheet profit / loss EUR 3,473,758.48
Provisions EUR 5,944,945.00
Provisions for taxes EUR 513,000.00
Other / unspecified provisions EUR 5,431,945.00
Liabilities EUR 36,450,283.77
Other liabilities EUR 36,450,283.77
Trade creditors (for IAS incl. bills
of exchange) EUR 7,369,956.29
Liabilities from received advance
payments EUR 1,706,175.48
Liabililties due to related companies EUR 25,824,531.90
Unspecified other liabilities EUR 1,549,620.10
thereof liabilities from tax /
financial authorities EUR 191,102.40
thereof liabilities from social
security EUR 17,825.75
PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code (HGB)
Sales EUR 91,930,535.32
Manufacturing costs EUR 45,085,673.35
Gross result on sales EUR 46,844,861.97
Distribution costs EUR 18,815,680.28
General administration expenses EUR 4,689,821.75
Research and development costs EUR 4,520,590.34
Other operating income EUR 3,652,107.33
Other operating expenses EUR 4,441,970.86
Operating result from continuing
operations EUR 18,028,906.07
Result from participating interests
(+/-) EUR 256,187.79
Expenses / income from participations EUR 256,187.79
Income from related companies EUR 256,187.79
Interest result (+/-) EUR 87,058.11
Interest and similar income EUR 120,812.69
thereof from related companies EUR 107,702.69
Interest and similar expenses EUR 33,754.58
thereof paid to related companies EUR 5,431.78
Financial result (+/-) EUR 343,245.90
Result from ordinary operations (+/-) EUR 18,372,151.97
Expenses for transfer of profits to a
parent company EUR 18,672,924.96
Income tax / refund of income tax (+/-) EUR 330,775.14
Other taxes / refund of taxes EUR -30,002.15
Tax (+/-) EUR 300,772.99
Annual surplus / annual deficit EUR 0.00
Inconsistent balance sheets: Financial year published on
01.01.2008 - 31.12.2008 04.03.2010
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.