|
Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
TECSIS GMBH |
|
|
|
|
Registered Office : |
Carl-Legien-Str. 40, D 63073 Offenbach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
17.12.1986 |
|
|
|
|
Com. Reg. No.: |
HRB 40169 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of instruments and appliances for
measuring, testing and navigation |
|
|
|
|
No. of Employees : |
196 |
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 |
TECSIS GMBH
Company Status: active
Carl-Legien-Str. 40
D 63073 Offenbach
Telephone:069/58060
Telefax:
069/58067788
Homepage: www.tecsis.de
E-mail: info@tecsis.de
VAT
no.: DE114225285
Tax ID number: 044
246 06697
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1986
Shareholders'
agreement: 17.12.1986
Registered on: 04.02.2003
Commercial Register: Local court 63065 Offenbach
under: HRB
40169
Share capital: EUR 6,905,000.00
Shareholder:
Alexander Wiegand
An der Bilz 3
D 63906 Erlenbach
born: 06.01.1963
Share: EUR 3,521,550.00
Shareholder:
Dr. Michael Wiegand
Länderallee 11
D 14052 Berlin
born: 14.07.1966
Share: EUR 3,383,450.00
Manager:
Reinhold Ost
D 40597 Hilden
authorized to jointly
represent the company
born: 18.03.1955
Manager:
Peter Ballweg
D 63920 Großheubach
born: 11.06.1958
Proxy:
Stefan Amendt
D 63934 Röllbach
authorized to jointly
represent the company
born: 12.01.1968
Marital status: married
Proxy:
Dirk Fellermann
D 63906 Erlenbach
authorized to jointly
represent the company
born: 08.02.1957
Proxy:
Peter Teich
D 63897 Miltenberg
authorized to jointly
represent the company
born: 16.11.1965
Marital status: unknown
Further
functions/participations of Peter Ballweg (Manager)
Proxy:
WIKA Systems GmbH
Auweg 27
D 63920 Großheubach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.10.2012
Reg. data: 63739 Aschaffenburg, HRB 12230
Proxy:
WIKA Alexander Wiegand
Beteiligungs-Gesellschaft
mit beschränkter
Haftung
Alexander-Wiegand-Str. 30
D 63911 Klingenberg
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 26.01.1970
Reg. data: 63739 Aschaffenburg, HRB 306
Proxy:
Störk Mess- und
Regeltechnik GmbH
Jacobstr. 6-8
D 39517 Dolle
Legal form: Private
limited company
Share capital: EUR 71,580.86
Registered
on: 12.08.1992
Reg. data: 39576 Stendal, HRB 102208
Proxy:
WIKA Alexander Wiegand SE
& Co. KG
Alexander-Wiegand-Str. 30
D 63911 Klingenberg
Legal form: Limited
partnership with public
limited
company as gen. part
Total cap. EUR 30,200,000.00
contribution:
Registered
on: 06.09.1949
Reg. data: 63739 Aschaffenburg, HRA 1819
Proxy:
Celbar GmbH
Alexander-Wiegand-Str. 30
D 63911 Klingenberg
Legal form: Private
limited company
Share capital: EUR 1,700,000.00
Registered
on: 19.02.2003
Reg. data: 63739 Aschaffenburg, HRB 8629
Proxy:
Kachel Gesellschaft mit
beschränkter Haftung
Alexander-Wiegand-Str.
D 63911 Klingenberg
Legal form: Private limited company
Share capital: EUR 178,952.16
Registered
on: 20.11.1995
Reg. data: 63739 Aschaffenburg, HRB 6059
Proxy:
WIKA
Gesellschaft mit beschränkter Haftung
Alexander-Wiegand-Str. 30
D 63911 Klingenberg
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 24.10.2001
Reg. data: 63739 Aschaffenburg, HRB 8178
Proxy:
WIKA International SE
Alexander-Wiegand-Str. 30
D 63911 Klingenberg
Legal form: European
Company (SE)
Share capital: EUR 120,000.00
Registered
on: 01.12.2008
Reg. data: 63739 Aschaffenburg, HRB 10505
Proxy:
WIKA Verwaltungs SE &
Co. KG
Alexander-Wiegand-Str. 30
D 63911 Klingenberg
Legal form: Limited partnership
with public
limited
company as gen. part
Total cap. EUR 100.00
contribution:
Registered
on: 01.04.2008
Reg. data: 63739 Aschaffenburg, HRA 4685
Proxy:
WIKA Alexander Wiegand
Beteiligungs- und
Verwaltungs-GmbH &
Co. KG
Alexander-Wiegand-Str. 30
D 63911 Klingenberg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,000.00
contribution:
Registered
on: 13.01.2012
Reg. data: 63739 Aschaffenburg, HRA 5161
17.12.1986 - 06.01.1992 VDO Dresser GmbH
D 60311 Frankfurt
Private
limited company
07.01.1992 - 16.01.1997 VDO Industrie-Messtechnik GmbH
An der Sandelmühle 13
D 60439 Frankfurt
Private limited
company
17.01.1997 - 20.05.2001 IMT Industrie-Messtechnik GmbH
An der Sandelmühle 13
D 60439 Frankfurt
Private limited
company
21.05.2001 - 03.02.2003 tecsis GmbH
An der Sandelmühle 13
D 60439 Frankfurt
Private limited
company
Main industrial sector
26511
Manufacture of instruments and appliances for measuring, testing and
navigation
26512
Manufacture of instruments and appliances for measuring, testing and
navigation
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Payment experience: in top condition
Negative information: We have no negative information at hand.
Balance sheet year: 012
Type of ownership: Tenant
Address Carl-Legien-Str.
40
D 63073 Offenbach
Land register documents were not available.
Principal bank
COMMERZBANK, FRANKFURT AM MAIN
Sort. code: 50040000, BIC: COBADEFFXXX
Turnover: 2011 EUR 47,218,964.00
2012 EUR 44,631,131.00
Profit: 2011 EUR 3,023,138.00
2012 EUR 747,052.00
further business figures:
Equipment: EUR 457,390.00
Ac/ts receivable: EUR 19,563,638.00
Liabilities: EUR 3,431,362.00
Employees:
196
-
thereof permanent staff: 188
-
Trainees: 8
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 68.77
Liquidity ratio: 5.75
Return on total capital [%]: 2.15
Balance
sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 67.91
Liquidity ratio: 10.00
Return on total capital [%]: 8.71
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 63.86
Liquidity ratio: 10.00
Return on total capital [%]: 4.75
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 67.08
Liquidity ratio: 10.00
Return on total capital [%]: 1.53
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: 01.01.2012 - 31.12.2012
ASSETS EUR 35,170,041.57
Fixed assets
EUR 9,250,344.61
Intangible assets
EUR 90,380.00
Concessions, licences, rights
EUR 90,380.00
Tangible assets
EUR 3,832,790.40
Land / similar rights
EUR 782,631.00
Plant / machinery
EUR 2,592,769.00
Other tangible assets / fixtures and
fittings
EUR 457,390.40
Financial assets
EUR 5,327,174.21
Shares in participations /
subsidiaries and the like
EUR 127,174.21
Shares in related companies
EUR 127,174.21
Other loans
EUR 5,200,000.00
Current assets
EUR 25,295,198.45
Stocks
EUR 5,701,885.53
Raw materials, consumables and
supplies
EUR 1,404,403.74
Finished goods / work in progress
EUR 4,273,924.62
Advance payments made
EUR 23,557.17
Accounts receivable
EUR 19,563,638.36
Trade debtors
EUR 4,095,374.06
Other debtors and assets
EUR 15,468,264.30
Liquid means
EUR 29,674.56
Remaining other assets
EUR 624,498.51
Accruals (assets)
EUR 35,990.06
Deferred taxes (assets)
EUR 499,956.45
Active difference from asset
offsetting EUR 88,552.00
LIABILITIES EUR 35,170,041.57
Shareholders' equity
EUR 24,341,247.89
Capital
EUR 6,905,000.00
Subscribed capital (share capital)
EUR 6,905,000.00
Reserves
EUR 7,755,144.11
Capital reserves
EUR 6,902,440.40
Retained earnings / revenue reserves EUR 852,703.71
Balance sheet profit/loss (+/-)
EUR 9,681,103.78
Profit / loss brought forward
EUR 8,934,051.49
Annual surplus / annual deficit
EUR 747,052.29
Provisions EUR 7,367,255.51
Pension provisions and comparable
provisions
EUR 5,372,499.00
Provisions for taxes
EUR 10,719.52
Other / unspecified provisions
EUR 1,984,036.99
Liabilities
EUR 3,431,362.33
Other liabilities
EUR 3,431,362.33
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,821,263.54
Liabilities from received advance
payments
EUR 217,985.82
Unspecified other liabilities
EUR 392,112.97
thereof liabilities from tax /
financial authorities EUR 110,279.97
thereof liabilities from social
security
EUR 43,393.30
Other liabilities
EUR 30,175.84
Deferred taxes (not included under
provisions/liabilities)
EUR 30,175.84
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 44,631,131.21
Inventory change + own costs (+/-)
EUR 598,226.50
Inventory change (+/-)
EUR 514,569.54
Capitalised own costs
EUR 83,656.96
Other operating income
EUR 364,284.07
Cost of materials
EUR 26,999,212.74
Raw materials and supplies, purchased
goods
EUR 25,149,224.74
Purchased services
EUR 1,849,988.00
Gross result (+/-)
EUR 18,594,429.04
Staff expenses
EUR 11,040,165.78
Wages and salaries
EUR 9,094,374.50
Social security contributions and
expenses for pension plans and
benefits
EUR 1,945,791.28
Total depreciation
EUR 752,938.29
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 752,938.29
Other operating expenses
EUR 5,959,052.09
Operating result from continuing
operations
EUR 842,272.88
Interest result (+/-)
EUR -235,971.47
Interest and similar income
EUR 54,244.49
Interest and similar expenses
EUR 290,215.96
Other financial result
EUR 363,999.96
Income from securities and loans from
financial assets
EUR 363,999.96
Financial result (+/-)
EUR 128,028.49
Result from ordinary operations (+/-)
EUR 970,301.37
Income tax / refund of income tax (+/-)EUR -172,173.43
Other taxes / refund of taxes
EUR -51,075.65
Tax (+/-)
EUR -223,249.08
Annual surplus / annual deficit
EUR 747,052.29
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 35,214,202.48
Fixed assets
EUR 8,636,023.49
Intangible assets
EUR 32,084.00
Concessions, licences, rights
EUR 9,825.00
Goodwill
EUR 22,259.00
Tangible assets
EUR 3,403,864.47
Land / similar rights
EUR 835,883.00
Plant / machinery EUR 2,057,181.00
Other tangible assets / fixtures and
fittings
EUR 328,465.40
Advance payments made / construction
in progress
EUR 182,335.07
Financial assets EUR 5,200,075.02
Shares in participations /
subsidiaries and the like
EUR 75.02
Shares in related companies
EUR 75.02
Other loans EUR 5,200,000.00
Current assets
EUR 26,033,635.72
Stocks
EUR 6,363,029.67
Raw materials, consumables and
supplies
EUR 2,179,361.25
Finished goods / work in progress
EUR 4,165,197.47
Advance payments made
EUR 18,470.95
Accounts receivable
EUR 14,614,031.79
Trade debtors EUR 4,519,981.80
Amounts due from affiliated companiesEUR 9,856,606.93
Other debtors and assets
EUR 237,443.06
Liquid means
EUR 5,056,574.26
Remaining other assets
EUR 544,543.27
Accruals (assets)
EUR 9,515.64
Deferred taxes (assets)
EUR 480,203.63
Active difference from asset
offsetting
EUR 54,824.00
LIABILITIES EUR 35,214,202.48
Shareholders' equity
EUR 23,594,195.62
Capital
EUR 6,905,000.00
Subscribed capital (share capital)
EUR 6,905,000.00
Reserves
EUR 7,755,144.13
Capital reserves
EUR 6,902,440.40
Retained earnings / revenue reserves EUR 852,703.73
Balance sheet profit/loss (+/-)
EUR 8,934,051.49
Profit / loss brought forward
EUR 5,910,913.49
Annual surplus / annual deficit
EUR 3,023,138.00
Provisions
EUR 7,718,924.77
Pension provisions and comparable
provisions
EUR 5,114,832.00
Provisions for taxes
EUR 156,752.98
Other / unspecified provisions
EUR 2,447,339.79
Liabilities EUR 3,879,585.39
Other liabilities
EUR 3,879,585.39
Trade creditors (for IAS incl. bills
of exchange)
EUR 593,906.48
Liabilities from received advance
payments EUR 97,349.21
Liabilities due to affiliated
companies / persons / organs
EUR 2,828,538.76
Unspecified other liabilities
EUR 359,790.94
thereof liabilities from tax /
financial authorities
EUR 112,335.20
thereof liabilities from social
security
EUR 64,559.31
Other liabilities
EUR 21,496.70
Deferred
taxes (not included under
provisions/liabilities)
EUR 21,496.70
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 47,218,963.62
Inventory change + own costs (+/-)
EUR 882,946.47
Inventory change (+/-)
EUR 859,699.47
Capitalised own costs
EUR 23,247.00
Other operating income
EUR 391,012.79
Cost of materials
EUR 28,424,045.05
Raw materials and supplies, purchased
goods
EUR 26,085,714.11
Purchased services
EUR 2,338,330.94
Gross result (+/-)
EUR 20,068,877.83
Staff expenses
EUR 11,061,089.10
Wages and salaries
EUR 9,198,518.21
Social security contributions and
expenses for pension plans and
benefits
EUR 1,862,570.89
Total depreciation
EUR 557,554.79
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 557,554.79
Other operating expenses
EUR 5,786,497.44
Operating result from continuing
operations
EUR 2,663,736.50
Interest result (+/-)
EUR -121,750.54
Interest and similar income
EUR 156,446.60
Interest and similar expenses
EUR 278,197.14
Other financial result
EUR 943,607.40
Income from securities and loans from
financial assets EUR 943,607.40
Financial result (+/-)
EUR 821,856.86
Result from ordinary operations (+/-)
EUR 3,485,593.36
Income tax / refund of income tax (+/-)EUR -409,004.29
Other taxes / refund of taxes
EUR -53,451.07
Tax (+/-)
EUR -462,455.36
Annual surplus / annual deficit
EUR 3,023,138.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
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.