MIRA INFORM REPORT
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Report Date : |
17.09.2013 |
IDENTIFICATION DETAILS
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Name : |
NEUERO TECHNOLOGY GMBH |
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Registered Office : |
Neuerostrasse
1, Melle, 49324 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
29.12.1988 |
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Com. Reg. No.: |
HRB 16082 |
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Legal Form : |
Private
Independent Company |
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Line of Business : |
·
manufacturer
of hand operated or power driven lifting, handling, loading or unloading
machinery (pulley tackle and hoists, winches, capstans and jacks; derricks,
cranes, mobile lifting frames, straddle carriers; works trucks, whether or
not fitted with lifting or handling equipment whether or not self-propelled,
of the type used in factories; mechanical manipulators and industrial robots
specifically designed for lifting, handling, loading or unloading) ·
manufacturer
of conveyors, teleferics. ·
manufacturer
of lifts, escalators and moving walkways |
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No. of Employees : |
31 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Germany |
A1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Source : CIA |
Company name & address
Neuero Technology GmbH
Neuerostrasse 1
Melle, 49324
Germany
Tel: +49 (0) 5422 6070
Fax: +49 (0) 5422 607210
Synthesis
Employees: 31
Company Type: Private Independent
Incorporation
Date: 29-Dec-1988
Financials in: Usd (Millions)
Fiscal Year End: 31-Dec-2011
Reporting
Currency: Euro
Annual Sales: NA
Total Assets: 12.2
Business Description
Neuero Technology
GmbH is primarily engaged in manufacture of hand operated or power driven
lifting, handling, loading or unloading machinery (pulley tackle and hoists, winches,
capstans and jacks; derricks, cranes, mobile lifting frames, straddle carriers;
works trucks, whether or not fitted with lifting or handling equipment whether
or not self-propelled, of the type used in factories;mechanical manipulators
and industrial robots specifically designed for lifting, handling, loading or
unloading); manufacture of conveyors, teleferics.; and manufacture of lifts,
escalators and moving walkways. This class also includes: maintenance of lifts
and escalators.
Industry
Industry
Machinery and Equipment Manufacturing
ANZSIC 2006: 2462 - Mining and Construction Machinery
Manufacturing
ISIC Rev 4: 2816 - Manufacture of lifting and
handling equipment
NACE Rev 2: 2822 - Manufacture of lifting and handling
equipment
NAICS 2012: 33392 - Material Handling Equipment
Manufacturing
UK SIC 2007: 2822 - Manufacture of lifting and handling
equipment
US SIC 1987: 3536 - Overhead Traveling Cranes, Hoists,
and Monorail Systems
Key Executives
Name Title
Fritz Kalweit Managing director
Bernhard Uhlen Managing director
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet
Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Neuerostrasse 1
Melle, 49324
Germany
Tel: +49 (0) 5422 6070
Fax: +49 (0) 5422 607210
Sales EUR(mil): NA
Assets EUR(mil): 9.4
Employees: 31
Fiscal Year End: 31-Dec-2011
Industry: Construction
and Agriculture Machinery
Incorporation
Date: 29-Dec-1988
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(): HRB16082
Parent Registered
No.(UK): DEU
Managing
director: Bernhard
Uhlen
Industry Codes
ANZSIC 2006
Codes:
2462 - Mining
and Construction Machinery Manufacturing
3499 - Other
Machinery and Equipment Wholesaling Not Elsewhere Classified
2110 - Iron
Smelting and Steel Manufacturing
ISIC Rev 4 Codes:
2816 - Manufacture
of lifting and handling equipment
2410 - Manufacture
of basic iron and steel
4659 - Wholesale
of other machinery and equipment
NACE Rev 2 Codes:
2822 - Manufacture
of lifting and handling equipment
2410 - Manufacture
of basic iron and steel and of ferro-alloys
4669 - Wholesale
of other machinery and equipment
NAICS 2012 Codes:
33392 - Material
Handling Equipment Manufacturing
423490 - Other
Professional Equipment and Supplies Merchant Wholesalers
331110 - Iron
and Steel Mills and Ferroalloy Manufacturing
US SIC 1987:
3536 - Overhead
Traveling Cranes, Hoists, and Monorail Systems
508 - Machinery,
Equipment, and Supplies
3312 - Steel
Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills
UK SIC 2007:
2822 - Manufacture
of lifting and handling equipment
2410 - Manufacture
of basic iron and steel and of ferro-alloys
4669 - Wholesale
of other machinery and equipment
Business Description
Neuero Technology
GmbH is primarily engaged in manufacture of hand operated or power driven
lifting, handling, loading or unloading machinery (pulley tackle and hoists,
winches, capstans and jacks; derricks, cranes, mobile lifting frames,
straddle carriers.; works trucks, whether or not fitted with lifting or
handling equipment whether or not
self-propelled, of the type used in factories;mechanical manipulators and
industrial robots specifically designed for lifting, handling, loading or unloading);
manufacture of conveyors, teleferics.; and manufacture of lifts, escalators and
moving walkways. This class also includes: maintenance of lifts and escalators.
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executive report
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Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
0.4 |
0.3 |
0.3 |
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Total payroll costs |
2.4 |
2.1 |
2.2 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
2.7 |
2.8 |
2.9 |
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Net operating
income |
0.6 |
1.0 |
0.9 |
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Other income |
- |
- |
0.0 |
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Interest payable on loans |
0.4 |
0.4 |
0.5 |
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Total expenses |
0.4 |
0.4 |
0.5 |
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Profit before tax |
0.2 |
0.6 |
0.4 |
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Provisions |
1.1 |
1.6 |
0.7 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.1 |
0.2 |
0.1 |
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Net profit |
0.1 |
0.4 |
0.2 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Issued capital |
1.0 |
1.1 |
1.1 |
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Profits for the year |
4.1 |
4.1 |
3.9 |
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Profit brought forward from previous
year(s) |
4.0 |
3.7 |
3.7 |
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Total
stockholders equity |
5.1 |
5.9 |
5.1 |
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Provisions and allowances |
1.0 |
1.7 |
0.7 |
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Taxes and social security |
- |
- |
1.5 |
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Total long-term
liabilities |
1.3 |
- |
1.5 |
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Other loans |
- |
- |
5.4 |
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Taxation and social security |
- |
- |
1.0 |
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Total current
liabilities |
4.7 |
7.9 |
6.4 |
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Total
liabilities (including net worth) |
12.2 |
15.5 |
13.7 |
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Patents |
0.0 |
- |
- |
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Other intangibles |
- |
- |
0.0 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Land and buildings |
0.0 |
- |
0.0 |
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Fixtures and equipment |
0.0 |
- |
0.0 |
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Total tangible
fixed assets |
0.2 |
0.3 |
0.3 |
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Total
non-current assets |
0.3 |
0.3 |
0.4 |
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Net stocks and work in progress |
6.1 |
8.1 |
7.2 |
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Other receivables |
- |
- |
6.0 |
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Total
receivables |
5.7 |
7.0 |
6.0 |
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Cash and liquid assets |
0.1 |
0.0 |
0.0 |
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Total current
assets |
11.9 |
15.1 |
13.3 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
12.2 |
15.5 |
13.7 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
25.25 |
19.06 |
20.64 |
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Acid test ratio |
12.22 |
8.80 |
9.39 |
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Total liabilities to net worth |
0.12% |
0.14% |
0.16% |
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Net worth to total assets |
0.04% |
0.04% |
0.04% |
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Current liabilities to net worth |
0.09% |
0.14% |
0.13% |
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Current liabilities to stock |
0.08% |
0.10% |
0.09% |
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Fixed assets to net worth |
0.01% |
0.01% |
0.01% |
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Return on assets |
0.00% |
0.01% |
0.01% |
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Shareholders' return |
0.00% |
0.01% |
0.01% |
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Profit per employee |
0.27 |
1.01 |
0.66 |
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Average wage per employee |
5.54 |
5.25 |
5.74 |
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Net worth |
5.1 |
5.9 |
5.1 |
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Number of employees |
31 |
30 |
27 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
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UK Pound |
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.83.50 |
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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.