|
Report Date : |
26.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
VACUUBRAND GMBH + CO KG |
|
|
|
|
Registered Office : |
Alfred-Zippe-Str. 4, D 97877 Wertheim |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
14.12.1984 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Manufacturer of instruments and appliances for measuring, testing and
navigation |
|
|
|
|
No of Employees : |
165 (16- Trainees) |
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 : |
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 (30.09.2013) |
Current Rating (01.12.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
VACUUBRAND GMBH + CO
KG
Alfred-Zippe-Str. 4
D 97877 Wertheim
Telephone:09342/808-0
Telefax: 09342/598-80
Homepage: www.vaccubrand.com
E-mail: info@vaccubrand.com
Active
DE146578006
LEGAL FORM Ltd partnership with priv. ltd. company as general partner
Date of foundation: 14.12.1984
Registered on: 27.12.1984
Register of companies: Local court 68159 Mannheim
under: HRA 570238
Total cap. contribution: EUR 1,050,000.00
Limited partner:
Helmut Schöler
Alte Vockenroter Steige 31
D 97877 Wertheim
born: 30.03.1930
Share: EUR 367,500.00
Limited partner:
Dr. Christoph Schöler
Schloßgasse 9
D 97877 Wertheim
born: 16.02.1960
Share: EUR 367,500.00
Limited partner:
Dr. Rudolf Lachenmann
Caspar-Merian-Str. 10
D 97877 Wertheim
born: 02.06.1942
Share: EUR 315,000.00
General partner:
VACUUBRAND VERWALTUNGS GMBH
Alfred-Zippe-Str. 4
D 97877 Wertheim
Legal form: Private limited company
Share capital: EUR 30,000.00
Registered on: 17.12.1984
Reg. data: 68159 Mannheim, HRB 570177
Shareholder:
Dr. Christoph Schöler
Schloßgasse 9
D 97877 Wertheim
born: 16.02.1960
Share: EUR 12,200.00
Shareholder:
Dr. Rudolf Lachenmann
Caspar-Merian-Str. 10
D 97877 Wertheim
born: 02.06.1942
Share: EUR 9,000.00
Shareholder:
Helmut Schöler
Alte Vockenroter Steige 31
D 97877 Wertheim
born: 30.03.1930
Share: EUR 8,800.00
Manager:
Dr. Frank Gitmans
D 30900 Wedemark
having sole power of representation
born: 22.07.1965
Manager:
Dr. Christoph Schöler
D 60311 Frankfurt
having sole power of representation
born: 16.02.1960
Proxy:
Jürgen Klement
Kolpingstr. 7
D 63843 Niedernberg
authorized to jointly represent the company
born: 24.05.1953
Profession: Management expert
Marital status: married
Proxy:
Dr. Jürgen Fritz Dirscherl
D 97907 Hasloch
authorized to jointly represent the company
born: 23.10.1967
Proxy:
Jörg Reinfurt
D 63927 Bürgstadt
authorized to jointly represent the company
born: 22.10.1964
Proxy:
Bernd Hafner
D 97896 Freudenberg
authorized to jointly represent the company
born: 06.12.1968
Proxy:
Jürgen Klement
Kolpingstr. 7
D 63843 Niedernberg
authorized to jointly represent the company
born: 24.05.1953
Profession: Management expert
Marital status: married
Proxy:
Dr. Jürgen Fritz Dirscherl
D 97907 Hasloch
authorized to jointly represent the company
born: 23.10.1967
Proxy:
Jörg Reinfurt
D 63927 Bürgstadt
authorized to jointly represent the company
born: 22.10.1964
14.12.1984 - 01.04.1993 VACUUBRAND GMBH + Co
Otto-Schott-Str. 25
D 97877 Wertheim
Ltd partnership with priv. ltd. company
as general partner
02.04.1993 - 19.05.2005 VACUUBRAND GMBH + CO
Alfred-Zippe-Str. 4
D 97877 Wertheim
Ltd partnership with priv. ltd. company
as general partner
Main industrial sector
26512 Manufacture of instruments and appliances for measuring, testing and navigation
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Alfred-Zippe-Str. 4
D 97877 Wertheim
Value at selling price: EUR 5,113,000.00
Land register documents were not available.
Principal banks
SPARKASSE TAUBERFRANKEN, 97877 WERTHEIM A MAIN
Sort. code: 67352565, Account no.: 3051315
BIC: SOLADES1TBB, IBAN: DE17673525650003051315
VOLKSBANK MAIN-TAUBER, 97866 WERTHEIM A MAIN
Sort. code: 67390000, Account no.: 699918
BIC: GENODE61WTH, IBAN: DE21673900000000699918
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 97862 WERTHEIM A MAIN
Sort. code: 79080052, Account no.: 345626200
BIC: DRESDEFF790, IBAN: DE80790800520345626200
POSTBANK, 76127 KARLSRUHE, BADEN
Sort. code: 66010075, Account no.: 270165752
BIC: PBNKDEFFXXX, IBAN: DE33660100750270165752
FINANCIAL FIGURES
Total numbers of vehicles: 14
- Passenger cars: 14
Employees: 165
- Trainees: 16
BALANCE SHEETS
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 72.56
Liquidity ratio: 1.73
Return on total capital [%]: 67.34
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 70.42
Liquidity ratio: 1.65
Return on total capital [%]: 68.44
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 77.03
Liquidity ratio: 2.48
Return on total capital [%]: 55.17
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 69.95
Liquidity ratio: 1.26
Return on total capital [%]: 66.15
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.
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.
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 15,602,710.22
Fixed assets EUR 5,717,265.43
Intangible assets EUR 152,536.00
Other / unspecified intangible
assetsEUR 152,536.00
Tangible assets EUR 5,410,865.53
Land / similar rights EUR 2,431,499.14
Plant / machinery EUR 1,603,011.54
Other tangible assets / fixtures and
fittings EUR
1,131,580.00
Advance payments made / construction
in progress EUR 244,774.85
Financial assets EUR 153,863.90
Shares in participations /
subsidiaries and the like EUR 153,863.90
Shares in related companies EUR 153,863.90
Current assets EUR 9,807,366.76
Stocks EUR 5,304,718.47
Accounts receivable EUR 3,539,780.76
Other debtors and assets EUR 3,539,780.76
Liquid means EUR 962,867.53
Remaining other assets EUR 78,078.03
Accruals (assets) EUR 78,078.03
LIABILITIES EUR 15,602,710.22
Shareholders' equity EUR 1,050,000.00
Capital EUR 1,050,000.00
Provisions EUR 1,251,480.00
Liabilities EUR 13,301,230.22
Other liabilities EUR 13,301,230.22
Unspecified other liabilities EUR 13,301,230.22
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-) EUR 26,020,609.99
Staff expenses EUR 9,068,484.07
Wages and salaries EUR
7,605,129.71
Social security contributions and
expenses for pension plans and
benefits EUR 1,463,354.36
Total depreciation EUR 882,324.17
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 882,324.17
Other operating expenses EUR 3,916,971.98
Operating result from continuing
operations EUR 12,152,829.77
Interest result (+/-) EUR -197,629.80
Interest and similar income EUR 29,223.99
Interest and similar expenses EUR 226,853.79
Financial result (+/-) EUR -197,629.80
Result from ordinary operations (+/-) EUR
11,955,199.97
Income tax / refund of income tax
(+/-)EUR -1,477,206.50
Other taxes / refund of taxes EUR -23,028.12
Tax (+/-) EUR -1,500,234.62
Annual surplus / annual deficit EUR 10,454,965.35
Type of balance
sheet: Company balance
sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 13,943,571.33
Fixed assets EUR 5,324,715.62
Intangible assets EUR 170,379.00
Other / unspecified intangible
assetsEUR 170,379.00
Tangible assets EUR 5,000,472.72
Land / similar rights EUR 2,564,749.14
Plant / machinery EUR 1,428,809.54
Other tangible assets / fixtures and
fittings EUR 961,280.00
Advance payments made / construction
in progress EUR 45,634.04
Financial assets EUR 153,863.90
Shares in participations /
subsidiaries and the like EUR
153,863.90
Shares in related companies EUR 153,863.90
Current assets EUR 8,574,133.73
Stocks EUR 4,288,542.48
Accounts receivable EUR 3,188,423.43
Other debtors and assets EUR 3,188,423.43
Liquid means EUR 1,097,167.82
Remaining other assets EUR 44,721.98
Accruals (assets) EUR 44,721.98
LIABILITIES EUR 13,943,571.33
Shareholders' equity EUR 1,050,000.00
Capital EUR 1,050,000.00
Provisions
EUR 1,073,597.07
Liabilities EUR 11,819,974.26
Other liabilities EUR 11,819,974.26
Unspecified other liabilities EUR 11,819,974.26
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross result (+/-) EUR 24,357,575.16
Staff expenses EUR 8,767,818.41
Wages and salaries EUR 7,358,903.20
Social security contributions and
expenses for pension plans and
benefits EUR 1,408,915.21
Total depreciation EUR 837,491.98
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 837,491.98
Other operating expenses EUR 3,733,952.37
Operating result from continuing
operations EUR 11,018,312.40
Interest result (+/-) EUR -167,542.47
Interest and similar income EUR 22,789.64
Interest and similar expenses EUR 190,332.11
Financial result (+/-) EUR -167,542.47
Result from ordinary operations (+/-) EUR
10,850,769.93
Extraordinary income EUR 1,507.43
Extraordinary expenses EUR 0.20
Extraordinary result (+/-) EUR 1,507.23
Income tax / refund of income tax
(+/-)EUR -1,343,789.50
Other taxes / refund of taxes EUR -22,622.30
Tax (+/-) EUR -1,366,411.80
Annual surplus / annual deficit EUR 9,485,865.36
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.11 |
|
|
1 |
Rs. 102.70 |
|
Euro |
1 |
Rs. 84.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.