|
Report Date : |
04.04.2014 |
DENTIFICATION DETAILS
|
Name : |
OTEC
PRÄZISIONSFINISH GMBH |
|
|
|
|
Registered Office : |
Dieselstr.
8-12 D 75334 Straubenhardt |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
14.12.1998 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture
of abrasive products |
|
|
|
|
No. of Employees : |
90 |
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 30, 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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
OTEC PRÄZISIONSFINISH GMBH
Company Status: active
Dieselstr. 8-12
D 75334 Straubenhardt
Telephone:07082/491120
Telefax: 07082/491129
Homepage: www.otec.de
E-mail: info@otec.de
VAT no.: DE812635504
Tax ID number: 49047/05510
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.10.1996
Shareholders'
agreement: 09.12.1998
Registered on: 14.12.1998
Commercial Register: Local court 68159 Mannheim
under: HRB
504529
Share capital: EUR 51,129.19
Shareholder:
Helmut Gegenheimer
Rebenstr. 6
D 75210 Keltern
born: 05.09.1960
Share: EUR 40,852.22
Shareholder:
Soran Jota
Beteiligungsgesellschaft mbH
Dieselstr. 12
D 75334 Straubenhardt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 5,138.48
Registered on: 14.12.2001
Reg. data: 68159
Mannheim, HRB 505184
Shareholder:
Martin Moser
Beteiligungsgesellschaft mbH
Dieselstr. 12
D 75334 Straubenhardt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 5,138.48
Registered on: 14.12.2001
Reg. data: 68159
Mannheim, HRB 505185
Manager:
Soran Jota
Winzerstr. 2
D 75210 Keltern
having sole power of
representation
Profession: degree-level
economist
Manager:
Helmut Gegenheimer
Rebenstr. 6
D 75210 Keltern
having sole power of
representation
born: 05.09.1960
Further functions/participations of Helmut
Gegenheimer (Manager)
Shareholder:
Soran Jota
Beteiligungsgesellschaft mbH
Dieselstr. 12
D 75334 Straubenhardt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 100.00
Registered
on: 14.12.2001
Reg. data: 68159 Mannheim, HRB 505184
Shareholder:
Martin Moser
Beteiligungsgesellschaft mbH
Dieselstr. 12
D 75334 Straubenhardt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 100.00
Registered
on: 14.12.2001
Reg. data: 68159 Mannheim, HRB 505185
Manager:
Florian Gegenheimer
Gebäudeverwaltungs GmbH
Dieselstr. 8-12
D 75334 Straubenhardt
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 06.03.2014
Reg. data: 68159 Mannheim, HRB 719110
01.10.1996 - 04.11.1998 Helmut Gegenheimer Otec-Präzisionsfinish
Robert-Bosch-Str. 14
D 75334 Straubenhardt
Unregistered commercial enterprise
04.11.1998 - 14.12.1998 OTEC Präzisionsfinish -Inh. Dipl.-Ing.
(FH) Helmut
Gegenheimer e.K.
Robert-Bosch-Str. 14
D 75334 Straubenhardt
Sole proprietorship
14.12.1998 - 25.01.1999 OTEC Präzisionsfinish GmbH
Robert-Bosch-Str. 14
D 75334 Straubenhardt
Private limited
company
25.01.1999 - 2011 OTEC Präzisionsfinish GmbH
Dieselstr. 12
D 75334 Straubenhardt
Private limited
company
Main industrial sector
23910 Manufacture
of abrasive products
28290 Manufacture of other general-purpose
machinery
46692 Wholesale of other machinery
Payment
experience: cash discount/within agreed
terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Dieselstr.
8-12
D 75334 Straubenhardt
Real Estate of: Soran
Jota Beteiligungsgesellschaft mbH
Type of ownership: Tenant
Address Dieselstr.
12
D 75334 Straubenhardt
Real Estate of: Martin
Moser Beteiligungsgesellschaft mbH
Type of ownership: Tenant
Address Dieselstr.
12
D 75334 Straubenhardt
Land register documents were not available.
DEUTSCHE BANK, 75104 PFORZHEIM
Sort. code: 66670006, Account no.: 15459100
BIC: DEUTDESM666, IBAN: DE63666700060015459100
VOLKSBANK WILFERDINGEN-KELTERN, 75196
REMCHINGEN
Sort. code: 66692300, Account no.: 88633
BIC: GENODE61WIR, IBAN: DE28666923000000088633
SPARKASSE PFORZHEIM CALW, 75162 PFORZHEIM
Sort. code: 66650085, Account no.: 977438
BIC: PZHSDE66XXX, IBAN: DE72666500850000977438
Turnover: 2012 EUR 16,995,000.00
2013
EUR 17,000,000.00
Expected turnover: EUR
17,005,000.00
Profit: 2012 EUR 874,968.00
further business figures:
Equipment: *EUR 630,000.00
Ac/ts receivable: EUR
2,480,290.00
Liabilities: EUR 1,848,826.00
Total numbers of vehicles: 4
Employees:
90
- Temporary workers: 20
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 61.12
Liquidity ratio: 2.24
Return on total capital [%]: 12.61
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 57.09
Liquidity ratio: 2.39
Return on total capital [%]: 19.01
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 53.04
Liquidity ratio: 1.82
Return on total capital [%]: 13.08
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 57.96
Liquidity ratio: 1.63
Return on total capital [%]: -10.34
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 6,981,998.14
Fixed assets EUR 1,017,215.52
Intangible assets EUR 81,631.00
Tangible assets EUR 935,284.52
Financial assets EUR 300.00
Other / unspecified
financial assets EUR
300.00
Current assets EUR 5,905,309.43
Stocks EUR 2,751,627.43
Accounts receivable EUR 2,480,290.41
Liquid means EUR 673,391.59
Remaining other
assets EUR 59,473.19
Accruals (assets) EUR 59,473.19
LIABILITIES EUR 6,981,998.14
Shareholders' equity EUR 4,214,507.56
Capital EUR 51,129.19
Subscribed capital
(share capital) EUR 51,129.19
Balance sheet profit/loss
(+/-) EUR 4,163,378.37
Balance sheet profit /
loss EUR 4,163,378.37
Items between
shareholders' equity and
debt capital EUR 360,000.00
Mezzanine financing EUR 360,000.00
Subordinated loans EUR 360,000.00
Provisions EUR 558,665.00
Liabilities EUR 1,848,825.58
Financial debts EUR 930,661.73
Liabilities due to
banks EUR 930,661.73
Other liabilities EUR 918,163.85
Unspecified other
liabilities EUR 918,163.85
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 8,395,107.59
Staff expenses EUR
3,777,249.39
Wages and salaries EUR 3,177,234.42
Social security
contributions and
expenses for pension
plans and
benefits EUR 600,014.97
Total depreciation EUR 309,396.96
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 309,396.96
Other operating
expenses EUR 3,058,131.90
Operating result from
continuing
operations EUR 1,250,329.34
Interest result (+/-) EUR -30,772.01
Interest and similar
income EUR 13,742.24
Interest and similar
expenses EUR 44,514.25
Financial result
(+/-) EUR -30,772.01
Result from ordinary
operations (+/-) EUR 1,219,557.33
Income tax / refund of
income tax (+/-)EUR -339,770.46
Other taxes / refund of
taxes EUR -4,818.59
Tax (+/-) EUR -344,589.05
Annual surplus / annual
deficit EUR 874,968.28
TYPE OF BALANCE SHEET: COMPANY
BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 7,201,328.47
Fixed assets EUR 1,003,171.00
Intangible assets EUR 131,441.00
Other / unspecified
intangible assetsEUR
131,441.00
Tangible assets EUR 871,430.00
Other / unspecified
tangible assets EUR 871,430.00
Financial assets EUR 300.00
Other / unspecified
financial assets EUR
300.00
Current assets EUR 6,131,413.07
Stocks EUR 2,639,059.40
Accounts receivable EUR 2,222,395.27
Other debtors and
assets EUR 2,222,395.27
Liquid means EUR 1,269,958.40
Remaining other
assets EUR 66,744.40
Accruals (assets) EUR 66,744.40
LIABILITIES EUR 7,201,328.47
Shareholders' equity EUR 4,039,539.28
Capital EUR 51,129.19
Subscribed capital
(share capital) EUR 51,129.19
Balance sheet profit/loss
(+/-) EUR 3,988,410.09
Balance sheet profit /
loss EUR 3,988,410.09
Items between
shareholders' equity and
debt capital EUR 360,000.00
Mezzanine financing EUR 360,000.00
Subordinated loans EUR 360,000.00
Provisions EUR 503,354.97
Liabilities EUR 2,298,434.22
Financial debts EUR 1,030,270.86
Liabilities due to
banks EUR 1,030,270.86
Other liabilities EUR 1,268,163.36
Unspecified other
liabilities EUR 1,268,163.36
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 8,384,672.74
Staff expenses EUR 3,330,742.54
Wages and salaries EUR 2,807,388.45
Social security
contributions and
expenses for pension
plans and
benefits EUR 523,354.09
Total depreciation EUR 266,187.36
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 266,187.36
Other operating
expenses EUR 2,870,006.01
Operating result from
continuing
operations EUR 1,917,736.83
Interest result (+/-) EUR -36,612.69
Interest and similar
income EUR 11,616.87
Interest and similar
expenses EUR 48,229.56
Financial result
(+/-) EUR -36,612.69
Result from ordinary
operations (+/-) EUR 1,881,124.14
Income tax / refund of
income tax (+/-)EUR -521,218.47
Other taxes / refund of
taxes EUR -3,098.00
Tax (+/-) EUR -524,316.47
Annual surplus / annual
deficit EUR 1,356,807.67
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.82.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.