|
Report Date : |
29.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
VENSYS ELEKTROTECHNIK GMBH |
|
|
|
|
Registered Office : |
Dieselstr. 12, D 49356 Diepholz |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.11.1998 |
|
|
|
|
Com. Reg. No.: |
HRB 201029 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of loaded electronic boards ·
Wholesale of
other machinery, equipment and supplies |
|
|
|
|
No. of Employees : |
75 |
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 – 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 |
VENSYS ELEKTROTECHNIK GMBH
Company Status: active
Dieselstr. 12
D 49356
Diepholz
Telephone:05441/926300
Telefax:
05441/9263011
Homepage:
www.vensys-elektrotechnik.de
E-mail: info@vensys-elektrotechnik.de
VAT no.: DE236754231
Tax ID number: 45/202/07001
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.11.1998
Shareholders'
agreement: 13.11.1998
Registered on: 22.02.2008
Commercial Register: Local court 29664 Walsrode
under: HRB
201029
Share capital: EUR 100,000.00
Shareholder:
VENSYS Energy AG
Im Langental 6
D 66539 Neunkirchen
Legal form: Public
limited company
Share capital: EUR 5,000,000.00
Share: EUR 90,000.00
Registered on: 14.05.2007
Reg. data: 66121
Saarbrücken, HRB 16393
Shareholder:
Urban Schippmann
Sulinger Str. 60
D 49419 Wagenfeld
born: 21.07.1955
Share: EUR 10,000.00
Manager:
Urban Schippmann
Sulinger Str. 60
D 49419 Wagenfeld
having sole power of
representation
born: 21.07.1955
Profession: Master
electrician
Proxy:
Wolfgang Feldmann
D 49419 Wagenfeld
having sole power of
representation
born: 18.08.1968
Further
functions/participations of Urban Schippmann (Manager)
Limited
partner:
DipCo Holding GmbH &
Co. KG
Emscherstr. 6
D 32427 Minden
Legal form: Ltd partnership
with priv. ltd.
company as
general partner
Total cap. EUR 900,000.00
contribution:
Share: EUR 150,000.00
Registered
on: 07.05.2004
Reg. data: 32545 Bad Oeynhausen, HRA 4507
Limited
partner:
Diepholzer Wind GmbH
& Co. KG
Sulinger Str. 60
D 49419 Wagenfeld
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 200,000.00
contribution:
Share: EUR 100,000.00
Registered
on: 10.09.2012
Reg. data: 29664 Walsrode, HRA 201998
Limited
partner:
VENSYS Windpark Wagenfeld
Betriebsgesellschaft mbH
& Co. KG
Dieselstr. 12
D 49356 Diepholz
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 20.11.2009
Reg. data: 29664 Walsrode, HRA 201077
Shareholder:
Diepholzer Wind
Verwaltungs GmbH
Sulinger Str. 60
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 14.12.2012
Reg. data: 29664 Walsrode, HRB 204036
Shareholder:
Gutachtergemeinschaft
Biogas GmbH
Lantbertstr. 50
D 85356 Freising
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 21.07.2009
Reg. data: 80333 München, HRB 180395
Manager:
Diepholzer Wind
Verwaltungs GmbH
Sulinger Str. 60
D 49419 Wagenfeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.12.2012
Reg. data: 29664 Walsrode, HRB 204036
Manager:
VENSYS Windpark Wagenfeld
Verwaltungs-GmbH
Dieselstr. 12
D 49356 Diepholz
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 05.01.2010
Reg. data: 29664 Walsrode, HRB 202144
18.05.1999 - 18.05.1999 VENSYS sechste Beteiligungs- und
Verwaltungsgesellschaft mbH
D 56759 Kaisersesch
Private limited
company
31.05.1999 - 31.05.1999 VENSYS Beteiligungs- und
Verwaltungsgesellschaft mbH
D 56759 Kaisersesch
Private limited
company
09.12.2002 - 09.12.2002 VENSYS Beteiligungs- und
Verwaltungsgesellschaft mbH
Altenkesseler Str.
17/D 2
D 66115 Saarbrücken
Private limited
company
Main industrial sector
26120
Manufacture of loaded electronic boards
46432
Wholesale of electrial domestic appliances
4669
Wholesale of other machinery, equipment and supplies
9529
Repair of other personal and household goods
Shareholder:
VENSYS Windpark Wagenfeld
Verwaltungs-GmbH
Dieselstr. 12
D 49356 Diepholz
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 05.01.2010
Local court
29664 Walsrode
HRB 202144
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Dieselstr.
12
D 49356 Diepholz
Land register documents were not available.
KREISSPARKASSE GRAFSCHAFT DIEPHOLZ, 49343
DIEPHOLZ
Sort. code: 25651325
BIC: BRLADE21DHZ
VOLKSBANK SULINGEN, 27223 SULINGEN
Sort. code: 25691633
BIC: GENODEF1SUL
Turnover: 2012 EUR 21,706,217.00
2013 EUR 21,710,000.00
Profit: 2012 EUR 2,169,946.00
further business figures:
Equipment: EUR
567,128.00
Ac/ts receivable: EUR
2,981,925.00
Liabilities: EUR
1,379,380.00
Employees:
75
- thereof permanent staff: 75
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 88.37
Liquidity ratio: 10.00
Return on total capital [%]: 7.85
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 76.91
Liquidity ratio: 10.00
Return on total capital [%]: 46.29
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.14
Liquidity ratio: 10.00
Return on total capital [%]: 53.41
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 12.85
Liquidity ratio: 10.00
Return on total capital [%]: 47.83
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 27,882,286.75
Fixed assets
EUR 3,689,333.02
Intangible assets
EUR 79,147.00
Concessions, licences, rights
EUR 79,147.00
Tangible assets
EUR 3,019,122.04
Land / similar rights
EUR 1,798,318.04
Plant / machinery
EUR 653,676.00
Other tangible assets / fixtures and
fittings
EUR 567,128.00
Financial assets EUR 591,063.98
Shares in participations /
subsidiaries and the like
EUR 512,500.00
Shares in related companies
EUR 512,500.00
Other loans EUR 78,563.98
Current assets
EUR 24,189,631.49
Stocks
EUR 6,147,518.05
Raw materials, consumables and
supplies
EUR 5,063,250.74
Finished goods / work in progress
EUR 4,706,724.20
Minus received advance payments for
orders / installments for stocks
EUR -3,622,456.89
Accounts receivable
EUR 2,981,925.19
Trade debtors
EUR 1,903,079.78
Amounts due from related companies
EUR 820,193.19
Other debtors and assets
EUR 258,652.22
Liquid means
EUR 15,060,188.25
Remaining other assets
EUR 3,322.24
Accruals (assets)
EUR 3,322.24
LIABILITIES EUR 27,882,286.75
Shareholders' equity EUR 24,598,723.51
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 24,498,723.51
Profit
/ loss brought forward EUR 22,328,777.50
Annual surplus / annual deficit
EUR 2,169,946.01
Provisions
EUR 1,805,356.17
Provisions for taxes
EUR 246,873.00
Other / unspecified provisions
EUR 1,558,483.17
Liabilities
EUR 1,379,380.07
Financial debts
EUR 1,107,477.85
Liabilities due to banks
EUR 1,107,477.85
Other liabilities
EUR 271,902.22
Trade creditors (for IAS incl. bills
of exchange)
EUR 165,259.99
Liabililties due to related companiesEUR 75,829.54
Unspecified other liabilities
EUR 30,812.69
thereof liabilities from tax /
financial authorities
EUR 30,427.64
thereof liabilities from social
security
EUR 385.05
Other liabilities
EUR 98,827.00
Deferred taxes (not included under
provisions/liabilities)
EUR 98,827.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales EUR 21,706,216.86
Inventory change + own costs (+/-)
EUR 503,088.15
Inventory change (+/-)
EUR 476,550.65
Capitalised own costs
EUR 26,537.50
Other operating income
EUR 1,020,286.39
Cost of materials
EUR 14,464,151.50
Raw materials and supplies, purchased
goods EUR 14,459,213.35
Purchased services
EUR 4,938.15
Gross result (+/-)
EUR 8,765,439.90
Staff expenses
EUR 3,541,594.58
Wages and salaries
EUR 2,950,488.39
Social security contributions and
expenses for pension plans and
benefits
EUR 591,106.19
Total depreciation
EUR 416,918.90
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 416,918.90
Other operating expenses
EUR 2,070,548.35
Operating result from continuing
operations
EUR 2,736,378.07
Result from participating interests
(+/-)
EUR 160,407.73
Expenses / income from participations EUR 160,407.73
Income from related companies
EUR 160,407.73
Interest result (+/-)
EUR 60,928.75
Interest and similar income
EUR 105,073.06
thereof from related companies
EUR 364.25
Interest and similar expenses
EUR 44,144.31
Financial result (+/-)
EUR 221,336.48
Result from ordinary operations (+/-)
EUR 2,957,714.55
Income tax / refund of income tax (+/-)EUR -776,298.34
Other taxes / refund of taxes
EUR -11,470.20
Tax (+/-)
EUR -787,768.54
Annual surplus / annual deficit
EUR 2,169,946.01
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 35,668,570.88
Fixed assets
EUR 3,251,596.60
Intangible assets
EUR 42,509.00
Concessions, licences, rights
EUR 42,509.00
Tangible assets
EUR 2,737,698.74
Land / similar rights
EUR 1,593,826.04
Plant / machinery EUR 554,525.00
Other tangible assets / fixtures and
fittings
EUR 434,017.00
Advance payments made / construction
in progress
EUR 155,330.70
Financial assets EUR 471,388.86
Shares in participations /
subsidiaries and the like
EUR 462,500.00
Shares in related companies
EUR 462,500.00
Other loans EUR 8,888.86
Current assets
EUR 32,393,371.50
Stocks
EUR 8,320,348.42
Raw materials, consumables and
supplies
EUR 6,700,980.75
Finished goods / work in progress
EUR 4,230,173.55
Advance payments made
EUR 50,294.12
Minus received advance payments for
orders / installments for stocks
EUR -2,661,100.00
Accounts receivable
EUR 11,181,797.35
Trade debtors
EUR 1,052,103.44
Amounts due from related companies
EUR 10,126,558.68
Other debtors and assets
EUR 3,135.23
Liquid means
EUR 12,891,225.73
Remaining other assets
EUR 23,602.78
Accruals (assets)
EUR 19,869.78
Deferred taxes (assets) EUR 3,733.00
LIABILITIES EUR 35,668,570.88
Shareholders' equity
EUR 27,428,777.50
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 27,328,777.50
Profit / loss brought forward
EUR 10,818,594.12
Annual surplus / annual deficit
EUR 16,510,183.38
Provisions EUR 5,952,545.89
Provisions for taxes
EUR 3,529,910.00
Other / unspecified provisions
EUR 2,422,635.89
Liabilities
EUR 2,287,247.49
Financial debts
EUR 1,246,566.81
Liabilities due to banks
EUR 1,246,566.81
Other liabilities
EUR 1,040,680.68
Trade creditors (for IAS incl. bills
of exchange)
EUR 977,007.06
Unspecified other liabilities
EUR 63,673.62
thereof liabilities from tax /
financial authorities
EUR 63,001.62
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 72,151,037.49
Inventory change + own costs (+/-)
EUR 3,014,839.36
Inventory change (+/-)
EUR 2,926,439.36
Capitalised own costs
EUR 88,400.00
Other operating income
EUR 2,172,080.90
Cost of materials
EUR 48,392,707.98
Raw materials and supplies, purchased
goods EUR 48,392,707.98
Gross result (+/-)
EUR 28,945,249.77
Staff expenses
EUR 3,410,516.85
Wages and salaries
EUR 2,843,400.00
Social security contributions and
expenses for pension plans and
benefits
EUR 567,116.85
Total depreciation
EUR 408,697.60
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 408,697.60
Other operating expenses
EUR 2,498,966.45
Operating result from continuing
operations
EUR 22,627,068.87
Result from participating interests
(+/-)
EUR 4,211.07
Expenses / income from participations EUR 4,211.07
Income from related companies
EUR 4,211.07
Interest result (+/-)
EUR 29,286.51
Interest and similar income
EUR 73,155.34
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 43,868.83
Financial result (+/-)
EUR 33,497.58
Result from ordinary operations (+/-)
EUR 22,660,566.45
Income tax / refund of income tax (+/-)EUR -6,142,762.49
Other taxes / refund of taxes EUR -7,620.58
Tax (+/-)
EUR -6,150,383.07
Annual surplus / annual deficit
EUR 16,510,183.38
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
|
1 |
Rs.101.69 |
|
Euro |
1 |
Rs.83.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.