|
Report Date : |
30.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARTEMIS KAUTSCHUK- UND KUNSTSTOFF-TECHNIK
GMBH |
|
|
|
|
Registered Office : |
Rothwiese 4, D
30559 Hannover |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
03.07.1975 |
|
|
|
|
Com. Reg. No.: |
HRB 59971 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
develops, produces and sells components and systems
made of rubber and plastics for the original equipment manufacturer and
specialist shops. |
|
|
|
|
No. of Employees : |
197 |
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
ARTEMIS Kautschuk- und Kunststoff-Technik GmbH
Rothwiese 4
D 30559 Hannover
Telephone:0511/95928-0
Telefax: 0511/95928-55
Homepage: www.artemis-kautschuk.de
E-mail: info@artemis-kautschuk.de
active
DE813341217
LEGAL FORM Private
limited company
Date of
foundation: 03.07.1975
Shareholders'
agreement: 20.08.2001
Registered
on: 27.12.2001
Commercial
Register: Local court 30175 Hannover
under: HRB
59971
Share
capital: EUR 520,000.00
Arnold Jäger
Holding GmbH
Bissendorfer Str.
6
D 30625 Hannover
Legal form:
Private limited company
Share
capital: EUR 630,000.00
Share: EUR 520,000.00
Registered on:
03.01.2002
Reg. data: 30175
Hannover, HRB 59983
Control and profit
transfer agreement
Sebastian Jäger
Am Rotdorn 15
D 30657 Hannover
having sole power
of representation
born: 01.02.1964
Profession:
graduate engineer
Marital status:
married
Manager:
Jeffrey Allen Gillis
D 30916 Isernhagen
having sole power of
representation
born: 11.09.1958
Uwe Brieger
D 30982 Pattensen
authorized to
jointly represent the company
born: 28.01.1940
Proxy:
Jürgen Seehausen
Blumenauer Str. 38
D 31515 Wunstorf
authorized to jointly
represent the company
born: 13.07.1950
Proxy:
Alexander Walter
D 30159 Hannover
authorized to jointly
represent the company
born: 01.10.1968
Further functions/participations of Sebastian Jäger (Manager)
Shareholder:
Arnold Jäger Holding GmbH
Bissendorfer Str. 6
D 30625 Hannover
Legal form: Private
limited company
Share capital: EUR 630,000.00
Share: EUR 123,500.00
Registered
on: 03.01.2002
Reg. data: 30175 Hannover, HRB 59983
Manager:
Arnold Jäger Holding GmbH
Bissendorfer Str. 6
D 30625 Hannover
Legal form: Private limited
company
Share capital: EUR 630,000.00
Registered
on: 03.01.2002
Reg. data: 30175 Hannover, HRB 59983
Manager:
Windgassen GmbH
Einsteinstr. 5
D 33104 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,500.00
Registered
on:
30.12.2004
Reg. data: 33098 Paderborn, HRB 7547
Further functions/participations of Jeffrey
Allen Gillis
(Manager)
Manager:
Windgassen GmbH
Einsteinstr. 5
D 33104 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,500.00
Registered
on: 30.12.2004
Reg. data: 33098 Paderborn, HRB 7547
Manager:
JOT Artemis Metall GmbH
Bissendorfer Str. 6
D 30625 Hannover
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.10.2011
Reg. data: 30175 Hannover, HRB 207745
03.07.1975 -
27.12.2001 ARTEMIS Kautschuk- und
Kunststoff-Technik
GmbH & Cie.
Bissendorfer Str. 6
D 30625 Hannover
Ltd partnership with
priv. ltd. company
as general partner
27.12.2001 -
2006 ARTEMIS Kautschuk- und
Kunststoff-Technik
GmbH
Bissendorfer Str. 6
D 30625 Hannover
Private limited
company
develops, produces
and sells components and systems made of rubber and plastics for the original
equipment manufacturer and specialist shops.
Payment
experience: takes advantage of
cash discount
Negative
information: We have no negative information
at hand.
Balance sheet
year: 2011
Type of
ownership: Tenant
Address Rothwiese
4
D 30559 Hannover
Residential
floor 19,502.00 sq.m
space/ Usable floor
space:
Land register
documents were not available.
Principal bank
COMMERZBANK
VORMALS DRESDNER BANK, HANNOVER
Sort. code:
25080020, BIC: DRESDEFF250
Further bank
SPARKASSE
HANNOVER, HANNOVER
Sort. code:
25050180, BIC: SPKHDE2HXXX
Turnover: 2011 EUR 15,037,764.00
2012 *EUR 28,210,000.00
Profit: 2011 EUR 1,312,275.00
further business
figures:
Equipment: EUR 1,186,287.00
Ac/ts
receivable:
EUR 2,180,828.00
Liabilities: EUR 6,464,842.00
Employees:
197
- thereof permanent
staff: 182
- Trainees:
15
Control and profit
transfer agreement to:
Arnold Jäger
Holding GmbH
Bissendorfer Str.
6
D 30625 Hannover
The business
figures marked with an asterisk are estimates based on average values in the
line of business.
Balance sheet
ratios 01.01.2011 - 31.12.2011
Equity ratio
[%]: 73.01
Liquidity
ratio: 1.04
Return on total
capital [%]: 12.10
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 33.75
Liquidity
ratio: 0.49
Return on total
capital [%]: 3.69
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 75.84
Liquidity
ratio: 1.17
Return on total
capital [%]: -31.80
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity ratio
[%]: 71.55
Liquidity
ratio: 1.19
Return on total
capital [%]: 4.76
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 10,844,843.70
Fixed assets EUR 3,251,240.17
Intangible assets EUR 69.26
Concessions, licences, rights EUR 69.26
Tangible assets EUR 3,251,170.91
Land / similar rights EUR 355,647.80
Plant / machinery EUR 1,406,439.41
Other tangible assets / fixtures and
fittings EUR 1,186,287.43
Advance payments made / construction
in progress EUR 302,796.27
Current assets EUR 7,593,603.53
Stocks EUR 5,406,961.98
Accounts receivable EUR 2,180,827.85
Amounts due from related companies EUR 386,813.99
Other debtors and assets EUR 1,794,013.86
Investments in current assets EUR 4,495.91
Other investments EUR 4,495.91
Liquid means EUR 1,317.79
LIABILITIES EUR 10,844,843.70
Shareholders' equity EUR 3,541,825.71
Capital EUR 520,000.00
Subscribed capital (share capital) EUR 520,000.00
Reserves EUR 2,571,048.20
Capital reserves EUR 2,571,048.20
Balance sheet profit/loss (+/-) EUR 450,777.51
Profit / loss brought forward EUR 450,777.51
Provisions EUR 838,176.00
Liabilities EUR 6,464,841.99
Financial debts EUR 908,145.15
Liabilities due to banks EUR 908,145.15
Other liabilities EUR 5,556,696.84
Liabililties due to related
companiesEUR 4,587,933.12
Unspecified other liabilities EUR 968,763.72
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 15,037,763.83
Staff expenses EUR 7,795,274.34
Wages and salaries EUR 6,487,682.45
Social security contributions and
expenses for pension plans and
benefits
EUR 1,307,591.89
Total depreciation EUR 865,604.16
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 865,604.16
Other operating expenses EUR 4,894,963.53
Operating result from continuing
operations EUR 1,481,921.80
Interest result (+/-) EUR -150,452.32
Interest and similar income EUR 43,388.63
Interest and similar expenses EUR 193,840.95
thereof paid to related companies EUR 43,979.00
Financial result (+/-) EUR -150,452.32
Result from ordinary operations (+/-) EUR
1,331,469.48
Expenses for transfer of profits to a
parent company EUR 1,312,275.02
Other taxes / refund of taxes EUR -19,194.46
Tax (+/-) EUR -19,194.46
Annual surplus / annual deficit EUR 0.00
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 9,365,340.26
Fixed assets EUR 2,910,335.59
Intangible assets EUR 3,113.26
Other / unspecified intangible
assetsEUR 3,113.26
Tangible assets EUR 2,907,222.33
Land / similar rights EUR 448,561.80
Plant / machinery EUR 1,024,881.62
Other tangible assets / fixtures and
fittings EUR 1,274,841.74
Advance payments made / construction
in progress EUR 158,937.17
Current assets EUR 6,455,004.67
Stocks EUR 3,426,431.00
Accounts receivable EUR 3,009,296.30
Amounts due from related companies EUR 771,842.39
Other debtors and assets EUR 2,237,453.91
Investments in current assets EUR 17,752.43
Other
investments EUR 17,752.43
Liquid means EUR 1,524.94
LIABILITIES EUR 9,365,340.26
Shareholders' equity EUR 3,541,825.71
Capital EUR 520,000.00
Subscribed capital (share capital) EUR 520,000.00
Reserves EUR 2,571,048.20
Capital reserves EUR 2,571,048.20
Balance sheet profit/loss (+/-) EUR 450,777.51
Profit / loss brought forward EUR 450,777.51
Provisions EUR 826,261.00
Liabilities EUR 4,997,253.55
Financial debts EUR 3,688,755.44
Liabilities due to banks EUR 3,688,755.44
Other liabilities EUR 1,308,498.11
Liabililties due to related companiesEUR 525,848.17
Unspecified other liabilities EUR 782,649.94
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 13,423,866.22
Staff expenses EUR 7,148,180.07
Wages and salaries EUR 5,931,024.18
Social security contributions and
expenses for pension plans and
benefits EUR 1,217,155.89
Total depreciation EUR 865,632.67
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 865,632.67
Other operating expenses EUR 4,957,870.19
Operating result from continuing
operations EUR 452,183.29
Interest result (+/-) EUR -108,982.65
Interest and similar income EUR 58,980.96
thereof from related companies EUR 45,930.00
Interest and similar expenses EUR 167,963.61
Financial result (+/-) EUR -108,982.65
Result from ordinary operations (+/-) EUR
343,200.64
Extraordinary income EUR 1,350.00
Extraordinary expenses EUR 7,570.00
Extraordinary result (+/-) EUR -6,220.00
Expenses for transfer of profits to a
parent company EUR 317,863.18
Income tax / refund of income tax
(+/-)EUR -0.01
Other taxes / refund of taxes EUR -19,117.45
Tax (+/-) EUR -19,117.46
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
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.