MIRA INFORM REPORT

 

 

Report Date :

31.10.2013

 

IDENTIFICATION DETAILS

 

Name :

SUSS MICROTEC PHOTOMASK EQUIPMENT GMBH & CO. KG

 

 

Registered Office :

Ferdinand-von-Steinbeis-Ring, 10 D 75447 Sternenfels

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

30.10.2006

 

 

Com. Reg. No.:

HRA 700527

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacturer and Wholesale of equipment and accessories for machinery and technical supplies.

 

 

No. of Employees :

59

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

Comapny Name and Address

 

Suss MicroTec Photomask Equipment GmbH & Co. KG

 

Company Status:          active

                                    Ferdinand-von-Steinbeis-Ring

                                    10 D 75447 Sternenfels

                                    Telephone:07045/41-0

                                    Telefax:  07045/41-101

                                    Homepage: www.hamatech-ape.de

                                    E-mail:   info@suss.com

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Comapny Summary

 

LEGAL FORM               Ltd partnership with priv. ltd. company as general partner

Date of foundation:       30.10.2006

Registered on:              30.10.2006

Register of

companies:                   Local court 68159 Mannheim

under:                                       HRA 700527

 

 

Total cap. contribution             

 

EUR                             500,000.00

 

 

Limited partner

                      Süss MicroTec AG

                      Schleißheimer Str. 90

                      D 85748 Garching

                      Legal form: Public limited company

                      Share capital:     EUR         19,115,538.00

                      Share:             EUR            500,000.00

                      Registered on: 22.07.1998

                      Reg. data: 80333 München, HRB 121347

 General partner:

                      Suss MicroTec Photomask Equipment

                      Beteiligungs-GmbH

                      Ferdinand-von-Steinbeis-Ring

                      10

                      D 75447 Sternenfels

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered on: 11.10.2006

                      Reg. data: 68159 Mannheim, HRB 701040

 

 Shareholder:

                      Süss MicroTec AG

                      Schleißheimer Str. 90

                      D 85748 Garching

                      Legal form: Public limited company

                      Share capital:     EUR         19,115,538.00

                      Share:             EUR             25,000.00

                      Registered on: 22.07.1998

                      Reg. data: 80333 München, HRB 121347

 Manager:

                      Michael Knopp

                      D 40472 Ratingen

                      having sole power of representation

                      born: 07.11.1966

                      Profession: Fully qualified merchant

                      Marital status: married

 Proxy:

                      Michael Knopp

                      D 40472 Ratingen

                      authorized to jointly represent the company

                      born: 07.11.1966

                      Profession: Fully qualified merchant

                      Marital status: married

 Proxy:

                      Dr. Markus Arendt

                      D 76133 Karlsruhe

                      authorized to jointly represent the company

                      born: 20.01.1967

 Proxy:

                      Ralf Krause

                      D 71706 Markgröningen

                      authorized to jointly represent the company

                      born: 16.04.1964

 Proxy:

                      Frank Peter Averdung

                      D 85622 Feldkirchen

                      authorized to jointly represent the company

                      born: 16.10.1954

 Proxy:

                      Heinz Hocke

                      D 75438 Knittlingen

                      authorized to jointly represent the company

                      born: 20.04.1965

 Proxy:

                      Julia Natterer

                      D 81379 München

                      authorized to jointly represent the company

                      born: 25.09.1974

 Proxy:

                      Dr. Rainer Knippelmeyer

                      D 85757 Karlsfeld

                      authorized to jointly represent the company

                      born: 18.06.1970

 

 

COMPANY HISTORY

 

 30.10.2006 - 02.03.2012  HamaTech APE GmbH & Co. KG

                          Ferdinand-von-Steinbeis-Ring

                          D 75447 Sternenfels

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

2849    Manufacture of other machine tools

 

Secondary industrial sector

46693   Wholesale of other equipment and accessories for machinery and technical supplies

 

 

BRANCHES AND FACTORIES

 

Branch:

                      Suss MicroTec Photomask Equipment GmbH & Co.

                      KG

                      Schleißheimer Str. 90

                      D 85748 Garching

                      TEL.: 089/320070

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2010

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Ferdinand-von-Steinbeis-Ring 10

                                    D 75447 Sternenfels

 

 Real Estate of:             Suss MicroTec Photomask Equipment

                                    Beteiligungs-GmbH

 

Type of ownership:        Tenant

 Address                       Ferdinand-von-Steinbeis-Ring 10

                                    D 75447 Sternenfels

 

Land register documents were not available.

 

 

BANKERS

 

 LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, STUTTGART

 Sort. code: 60050101, BIC: SOLADEST600

 

 

FINANCIAL FIGURES

 

 Turnover:            2011               EUR         18,000,000.00

                      2012               EUR         18,500,000.00

 Expected turnover:                      EUR         19,000,000.00

 further business figures:

 Equipment:                              EUR            389,054.00

 Ac/ts receivable:                       EUR          2,506,457.00

 Liabilities:                            EUR         20,447,400.00

 Total numbers of vehicles:                                      5

 Employees:                                                     59

 - thereof permanent staff:                                     59

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 61.27

 Liquidity ratio:                   0.52

 Return on total capital [%]:       8.76

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 71.13

 Liquidity ratio:                   2.32

 Return on total capital [%]:     -40.99

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 54.04

 Liquidity ratio:                   2.68

 Return on total capital [%]:    -106.17

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 79.78

 Liquidity ratio:                  10.00

 Return on total capital [%]:      15.18

 

 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:                          01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR         21,789,573.87

  Fixed assets                           EUR            766,018.00

   Intangible assets                     EUR            298,218.00

    Concessions, licences, rights        EUR            298,218.00

   Tangible assets                       EUR            467,800.00

    Land / similar rights                EUR             58,665.00

    Plant / machinery                    EUR             20,081.00

    Other tangible assets / fixtures and

    fittings                             EUR            389,054.00

  Current assets                         EUR         16,507,601.83

   Stocks                                EUR         13,461,772.43

    Raw materials, consumables and

    supplies                             EUR          3,189,869.82

    Finished goods / work in progress    EUR         10,271,902.61

   Accounts receivable                   EUR          2,506,457.20

    Trade debtors                        EUR          1,173,575.98

    Amounts due from related companies   EUR            270,932.73

    Other debtors and assets             EUR          1,061,948.49

   Liquid means                          EUR            539,372.20

  Remaining other assets                 EUR          4,515,954.04

   Accruals (assets)                     EUR            237,352.15

   Deficit not covered by shareholders'

   equity                                EUR          4,278,601.89

 

 LIABILITIES                             EUR         21,789,573.87

  Shareholders' equity                   EUR                  0.00

   Capital                               EUR         -4,278,601.89

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR         -4,278,601.89

     Limited partner's  capital, fixed

     capital, capital account I          EUR          3,000,000.00

     - Loss brought forward account      EUR          7,278,601.89

   Other shareholders' equity (+/-)      EUR          4,278,601.89

    Limited partners' share in the loss

    not covered by capital contributions EUR          4,278,601.89

  Provisions                             EUR          1,342,173.66

   Provisions for taxes                  EUR            420,000.00

   Other / unspecified provisions        EUR            922,173.66

  Liabilities                            EUR         20,447,400.21

   thereof total due to shareholders     EUR         15,065,804.31

   Other liabilities                     EUR         20,447,400.21

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          3,333,177.56

    Liabilities from received advance

    payments                             EUR          1,487,980.00

    Liabililties due to related companiesEUR         15,526,967.42

    Unspecified other liabilities        EUR             99,275.23

     thereof liabilities from tax /

     financial authorities               EUR             47,661.33

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         17,534,677.65

  Inventory change + own costs (+/-)     EUR          8,583,600.51

   Inventory change (+/-)                EUR          8,474,900.51

   Capitalised own costs                 EUR            108,700.00

  Other operating income                 EUR          1,757,313.04

  Cost of materials                      EUR         16,666,611.63

   Raw materials and supplies, purchased

   goods                                 EUR         14,974,919.29

   Purchased services                    EUR          1,691,692.34

  Gross result (+/-)                     EUR         11,208,979.57

  Staff expenses                         EUR          4,094,076.42

   Wages and salaries                    EUR          3,572,894.32

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            521,182.10

  Total depreciation                     EUR            259,239.17

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            259,239.17

  Other operating expenses               EUR          4,341,955.65

  Operating result from continuing

  operations                             EUR          2,513,708.33

  Interest result (+/-)                  EUR           -532,892.09

   Interest and similar income           EUR             15,827.86

    thereof from related companies       EUR             14,684.10

   Interest and similar expenses         EUR            548,719.95

    thereof paid to related companies    EUR            524,109.36

  Financial result (+/-)                 EUR           -532,892.09

  Result from ordinary operations (+/-)  EUR          1,980,816.24

  Income tax / refund of income tax (+/-)EUR           -458,388.66

  Other taxes / refund of taxes          EUR             -1,362.00

  Tax (+/-)                              EUR           -459,750.66

  Annual surplus / annual deficit        EUR          1,521,065.58

 

 

 Type of balance sheet:                   Company balance sheet

 

 Financial year:                          01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR         13,636,062.00

  Fixed assets                           EUR            699,722.81

   Intangible assets                     EUR            403,862.00

    Concessions, licences, rights        EUR            403,862.00

   Tangible assets                       EUR            295,860.00

    Plant / machinery                    EUR                375.00

    Other tangible assets / fixtures and

    fittings                             EUR            295,485.00

   Financial assets                      EUR                  0.81

    Shares in participations /

    subsidiaries and the like            EUR                  0.81

     Shares in related companies         EUR                  0.81

  Current assets                         EUR          7,097,121.11

   Stocks                                EUR          3,878,167.89

    Raw materials, consumables and

    supplies                             EUR          2,081,165.79

    Finished goods / work in progress    EUR          1,797,002.10

   Accounts receivable                   EUR          3,098,660.15

    Trade debtors                        EUR          2,402,964.04

    Amounts due from related companies   EUR            369,186.78

    Other debtors and assets             EUR            326,509.33

   Liquid means                          EUR            120,293.07

  Remaining other assets                 EUR          5,839,218.08

   Accruals (assets)                     EUR             39,550.61

   Deficit not covered by shareholders'

   equity                                EUR          5,799,667.47

 

 LIABILITIES                             EUR         13,636,062.00

  Shareholders' equity                   EUR                  0.00

   Capital                               EUR         -5,799,667.47

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR         -5,799,667.47

     Limited partner's  capital, fixed

     capital, capital account I          EUR          3,000,000.00

     - Loss brought forward account      EUR         -8,799,667.47

   Other shareholders' equity (+/-)      EUR          5,799,667.47

    Limited partners' share in the loss

    not covered by capital contributions EUR          5,799,667.47

  Provisions                             EUR            749,104.33

   Other / unspecified provisions        EUR            749,104.33

  Liabilities                            EUR         12,886,957.67

   thereof total due to shareholders     EUR         11,431,789.14

   Other liabilities                     EUR         12,886,957.67

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            863,645.41

    Liabilities from received advance

    payments                             EUR            355,521.17

    Liabililties due to related companiesEUR         11,431,789.14

    Unspecified other liabilities        EUR            236,001.95

     thereof liabilities from tax /

     financial authorities               EUR            166,146.36

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR          9,628,961.81

  Inventory change + own costs (+/-)     EUR          1,334,075.47

   Inventory change (+/-)                EUR          1,300,811.69

   Capitalised own costs                 EUR             33,263.78

  Other operating income                 EUR            555,170.88

  Cost of materials                      EUR          7,662,963.14

   Raw materials and supplies, purchased

   goods                                 EUR          6,501,751.28

   Purchased services                    EUR          1,161,211.86

  Gross result (+/-)                     EUR          3,855,245.02

  Staff expenses                         EUR          4,108,359.53

   Wages and salaries                    EUR          3,544,564.11

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            563,795.42

  Total depreciation                     EUR            238,182.64

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            238,182.64

  Other operating expenses               EUR          2,442,184.69

  Operating result from continuing

  operations                             EUR         -2,933,481.84

  Interest result (+/-)                  EUR           -130,750.54

   Interest and similar income           EUR             19,749.75

    thereof from related companies       EUR             18,066.35

   Interest and similar expenses         EUR            150,500.29

    thereof paid to related companies    EUR            149,873.90

  Financial result (+/-)                 EUR           -130,750.54

  Result from ordinary operations (+/-)  EUR         -3,064,232.38

  Income tax / refund of income tax (+/-)EUR            -63,190.96

  Other taxes / refund of taxes          EUR             -1,628.00

  Tax (+/-)                              EUR            -64,818.96

  Annual surplus / annual deficit  

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.49

UK Pound

1

Rs.98.71

Euro

1

Rs.84.49

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.