|
Report Date : |
19.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
GORACON SYSTEMTECHNIK GMBH |
|
|
|
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Registered Office : |
Färbereistr. 4, D 48565 Steinfurt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
01.07.2002 |
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|
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Com. Reg. No.: |
HRB 7046 |
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Legal Form : |
Private limited company |
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|
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Line of Business : |
·
Manufacture of
metal structures and parts of structures ·
Manufacture
of other machine tools n.e.c. |
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|
|
|
No. of Employees : |
53 |
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 |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
GORACON SYSTEMTECHNIK GMBH
Company Status: active
Färbereistr. 4
D 48565 Steinfurt
Telephone:02552/99750
Telefax:
02552/997510
Homepage: www.goracon.de
E-mail: info@goracon.de
VAT no.: DE223481625
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.07.2002
Begin of business
activities: 01.07.2002
Shareholders'
agreement: 01.07.2002
Registered on: 27.08.2002
Commercial Register: Local court 48565 Steinfurt
under: HRB 7046
Share capital: EUR 50,000.00
Shareholder:
Gerhard Fischer
Ernst-Mummenhoff-Str. 9
D 48356 Nordwalde
born: 29.11.1959
Share: EUR 12,500.00
Shareholder:
Olav Virus-Tetzlaff
Am Schlautbach 37
D 48329 Havixbeck
born: 30.04.1968
Share: EUR 12,500.00
Shareholder:
Ralf Hermanns
Sieverts Kamp 45
D 48356 Nordwalde
born: 02.09.1971
born: Strychalski
Share: EUR 12,500.00
Shareholder:
Alejandro Medina Martin
Am Kompaniekamp 57
D 48282 Emsdetten
born: 27.07.1971
Share: EUR 12,500.00
Manager:
Gerhard Fischer
Ernst-Mummenhoff-Str. 9
D 48356 Nordwalde
having sole
power of representation
born: 29.11.1959
Profession: Master
mechanical engineer
Marital status: married
Manager:
Olav Virus-Tetzlaff
Am Schlautbach
37
D 48329 Havixbeck
having sole power of
representation
born: 30.04.1968
Profession: graduate
engineer
Marital status: married
Manager:
Ralf Hermanns
Sieverts Kamp 45
D 48356 Nordwalde
having sole power of
representation
born: 02.09.1971
born: Strychalski
Profession: Mechanical
engineer
Marital status: married
Manager:
Alejandro Medina Martin
Am Kompaniekamp 57
D 48282 Emsdetten
having sole power of
representation
born: 27.07.1971
Profession: Businessman
Nationality: Spanish
Marital status: married
Further functions/participations of
Gerhard Fischer (Manager)
Shareholder:
goracon engineering gmbh
Färbereistr. 4
D 48565 Steinfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 22.04.2009
Reg. data: 48565 Steinfurt, HRB 8351
Manager:
goracon engineering gmbh
Färbereistr. 4
D 48565 Steinfurt
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 22.04.2009
Reg. data: 48565 Steinfurt, HRB 8351
Further
functions/participations of Olav Virus-Tetzlaff (Manager)
Shareholder:
goracon engineering gmbh
Färbereistr. 4
D 48565 Steinfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 22.04.2009
Reg. data: 48565 Steinfurt, HRB 8351
Manager:
goracon engineering gmbh
Färbereistr. 4
D 48565 Steinfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.04.2009
Reg. data: 48565 Steinfurt, HRB 8351
Further
functions/participations of Ralf Hermanns (Manager)
Shareholder:
goracon engineering gmbh
Färbereistr. 4
D 48565 Steinfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on:
22.04.2009
Reg. data: 48565 Steinfurt, HRB 8351
Manager:
goracon engineering gmbh
Färbereistr. 4
D 48565 Steinfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.04.2009
Reg. data: 48565 Steinfurt, HRB 8351
Further functions/participations
of Alejandro Medina Martin
(Manager)
Shareholder:
goracon engineering gmbh
Färbereistr. 4
D 48565 Steinfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 22.04.2009
Reg. data: 48565 Steinfurt, HRB 8351
Manager:
goracon engineering gmbh
Färbereistr. 4
D 48565 Steinfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.04.2009
Reg. data: 48565 Steinfurt, HRB 8351
Main
industrial sector
25110 Manufacture
of metal structures and parts of structures
28499
Manufacture of other machine tools n.e.c.
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: part owner
Share: 25.00 %
Address Färbereistr. 4
D 48565 Steinfurt
Real Estate of: Gerhard Fischer
Type of ownership: proprietor
Share:
100.00 %
Address Ernst-Mummenhoff-Str. 9
D 48356 Nordwalde
Real Estate of: Olav Virus-Tetzlaff
Type of ownership: proprietor
Share: 100.00 %
Address Am Schlautbach 37
D 48329
Havixbeck
Real Estate of: Ralf Hermanns
Type of ownership: proprietor
Share: 100.00 %
Address Sieverts Kamp 45
D 48356 Nordwalde
Real Estate of: Alejandro Medina Martin
Type of ownership: proprietor
Share: 100.00 %
Address Am Kompaniekamp 57
D 48282 Emsdetten
Land register documents were not available.
Principal bank
VOLKSBANK GRONAU-AHAUS, 48599 GRONAU (WESTF.)
Sort. code: 40164024
BIC: GENODEM1GRN
Further bank
KREISSPARKASSE STEINFURT, 48543 STEINFURT,
WESTF
Sort. code: 40351060
BIC: WELADED1STF
Turnover: 2012 EUR 7,500,000.00
2013 EUR 7,800,000.00
Expected turnover: EUR
8,000,000.00
further business figures:
Equipment: *EUR
456,000.00
Ac/ts receivable: EUR
1,321,325.00
Liabilities: EUR 1,675,081.00
Total numbers of vehicles: 10
- Passenger cars: 10
Employees:
53
- thereof permanent staff:
47
- Part-time employees:
2
- Trainees:
3
- Freelancer:
1
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 [%]: 27.00
Liquidity ratio: 0.84
Return on total capital [%]: 2.61
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 21.22
Liquidity ratio: 1.01
Return on total capital [%]: 5.18
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 16.64
Liquidity ratio: 0.76
Return on total capital [%]: 3.86
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 17.89
Liquidity ratio: 0.64
Return on total capital [%]: 6.72
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 3,078,782.70
Fixed assets
EUR 1,272,377.00
Intangible assets
EUR 37,402.00
Tangible assets EUR 1,234,975.00
Current assets
EUR 1,751,126.25
Stocks
EUR 328,893.00
Accounts receivable
EUR 1,321,324.53
Liquid means
EUR 100,908.72
Remaining other assets
EUR 55,279.45
Accruals (assets)
EUR 55,279.45
LIABILITIES EUR 3,078,782.70
Shareholders' equity
EUR 845,071.59
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 795,071.59
Balance sheet profit / loss
EUR 795,071.59
Provisions
EUR 558,629.62
Liabilities
EUR 1,675,081.49
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 3,497,641.57
Fixed assets
EUR 1,359,127.00
Intangible assets
EUR 58,413.00
Other / unspecified intangible assetsEUR 58,413.00
Tangible assets
EUR 1,300,714.00
Other / unspecified tangible assets
EUR 1,300,714.00
Current assets
EUR 2,093,693.39
Stocks
EUR 289,745.00
Accounts receivable
EUR 1,552,713.95
Other debtors and assets
EUR 1,552,713.95
Liquid means EUR 251,234.44
Remaining other assets
EUR 44,821.18
Accruals (assets)
EUR 44,821.18
LIABILITIES EUR 3,497,641.57
Shareholders' equity
EUR 765,342.25
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 715,342.25
Balance sheet profit / loss EUR 715,342.25
Provisions
EUR 945,789.78
Liabilities
EUR 1,786,509.54
Other liabilities
EUR 1,786,509.54
Unspecified other liabilities
EUR 1,786,509.54
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
Report Prepared
by : |
NNA |
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.