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Report Date : |
27.08.2014 |
IDENTIFICATION DETAILS
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Name : |
AT-AUTOMATION
TECHNOLOGY GMBH |
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Registered Office : |
Hermann-Bössow-Str.
6-8 D 23843 Bad Oldesloe |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
05.11.1996 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
·
Subject
is engaged in Data processing, hosting and related activities ·
Engineering
activities in the field of technical sectoral planning and engineering design ·
Media
representation services |
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No. of Employees |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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, 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
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Source
: CIA |
AT-AUTOMATION TECHNOLOGY GMBH
Company Status: active
Hermann-Bössow-Str. 6-8
D 23843 Bad Oldesloe
Telephone:04531/88011-0
Telefax: 04531/88011-20
Homepage:
www.automationtechnology.de
E-mail: info@automationtechnology.de
VAT no.: DE197458191
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 05.11.1996
Shareholders'
agreement: 05.11.1996
Registered on: 28.05.2009
Commercial Register: Local court 23568 Lübeck
under: HRB
9189 HL
Share capital: EUR 25,600.00
Shareholder:
Dr. Andre Kasper
Kehrwieder 33
D 22946 Trittau
born: 07.04.1969
Share: EUR 12,800.00
Shareholder:
Michael Wandelt
Thomas-Mann-Str. 52
D 21493 Schwarzenbek
born: 12.11.1960
Share: EUR 12,800.00
Manager:
Dr. Andre Kasper
Kehrwieder 33
D 22946 Trittau
authorized to jointly
represent the company
born: 07.04.1969
Manager:
Michael Wandelt
Thomas-Mann-Str. 52
D 21493 Schwarzenbek
authorized to jointly
represent the company
born: 12.11.1960
Profession: graduate
engineer
Further functions/participations of Dr. Andre
Kasper (Manager)
Shareholder:
AT-IMMO GmbH
Thomas-Mann-Str. 55
D 21493 Schwarzenbek
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 01.09.2008
Reg. data: 23568 Lübeck, HRB 8499 HL
Manager:
AT-IMMO GmbH
Thomas-Mann-Str. 55
D 21493 Schwarzenbek
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.09.2008
Reg. data: 23568 Lübeck, HRB 8499 HL
Further functions/participations of Michael
Wandelt (Manager)
Shareholder:
AT-IMMO GmbH
Thomas-Mann-Str. 55
D 21493 Schwarzenbek
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 01.09.2008
Reg. data: 23568 Lübeck, HRB 8499 HL
Manager:
AT-IMMO GmbH
Thomas-Mann-Str. 55
D 21493 Schwarzenbek
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.09.2008
Reg. data: 23568 Lübeck, HRB 8499 HL
1996 - 25.10.1998 S & B Spezialunternehmen für
Bewehrungstechnik GmbH
Schulzendorfer Str.
23
D 15806 Glienick
Private limited
company
26.10.1998 - 31.05.2002 AT - Automation Technology GmbH * AG
Schwarzenbek - HRB 958
*
Thomas-Mann-Str. 55
D 21493 Schwarzenbek
Private limited
company
31.05.2002 - 28.05.2009 AT - Automation Technology GmbH (HRB
4559 AH, AG Lübeck)
Technologiepark 24
D 22946 Trittau
Private limited
company
Sectors
6311
Data processing, hosting and related activities
71122 Engineering activities in the field of
technical sectoral planning andengineering design
7312 Media representation services
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Hermann-Bössow-Str.
6-8
D 23843 Bad Oldesloe
Real Estate of: Michael
Wandelt
Type of ownership: proprietor
Share:
100.00 %
Address Thomas-Mann-Str.
52
D 21493 Schwarzenbek
Land register documents were not available.
VOLKSBANK STORMARN, 22946 TRITTAU
Sort. code: 20190109
BIC: GENODEF1HH4
Turnover: 2012 EUR 3,500,000.00
2013 EUR 3,500,000.00
Profit: 2012 EUR 1,354,569.00
further business figures:
Equipment: *EUR 166,500.00
Ac/ts receivable: EUR 1,137,485.00
Liabilities: EUR 223,088.00
Total numbers of
vehicles:
3
- Passenger cars:
3
Employees:
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 [%]: 75.54
Liquidity ratio: 10.00
Return on total capital
[%]: 35.86
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 67.69
Liquidity ratio: 10.00
Return on total capital
[%]: 23.37
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.67
Liquidity ratio: 10.00
Return on total capital
[%]: 17.20
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 48.87
Liquidity ratio: 10.00
Return on total capital
[%]: 29.65
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 3,780,684.16
Fixed assets EUR 173,692.47
Intangible assets EUR 6,550.00
Tangible assets EUR 59,332.97
Financial assets EUR 107,809.50
Other / unspecified
financial assets EUR
107,809.50
Current assets EUR 3,605,887.49
Stocks EUR 132,800.00
Accounts receivable EUR 1,137,485.19
Liquid means EUR 2,335,602.30
Remaining other
assets EUR 1,104.20
Accruals (assets) EUR 1,104.20
LIABILITIES EUR 3,780,684.16
Shareholders' equity EUR 2,856,726.33
Capital EUR 25,600.00
Subscribed capital
(share capital) EUR 25,600.00
Balance sheet profit/loss
(+/-) EUR 2,831,126.33
Profit / loss brought
forward EUR 1,476,557.24
Annual surplus / annual
deficit EUR 1,354,569.09
Provisions EUR 700,870.13
Liabilities EUR 223,087.70
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR
3,046,466.94
Fixed assets EUR 178,330.43
Intangible assets EUR 964.00
Other / unspecified
intangible assetsEUR
964.00
Tangible assets EUR 67,158.79
Other / unspecified
tangible assets EUR 67,158.79
Financial assets EUR 110,207.64
Other / unspecified
financial assets EUR
110,207.64
Current assets EUR 2,868,136.51
Accounts receivable EUR 1,192,495.19
Other debtors and
assets EUR 1,192,495.19
Liquid means EUR 1,675,641.32
LIABILITIES EUR 3,046,466.94
Shareholders' equity EUR 2,062,157.24
Capital EUR 25,600.00
Subscribed capital
(share capital) EUR 25,600.00
Balance sheet profit/loss
(+/-) EUR 2,036,557.24
Profit / loss brought
forward EUR 1,324,566.50
Annual surplus / annual
deficit EUR 711,990.74
Provisions EUR 604,074.32
Liabilities EUR 380,235.38
Other liabilities EUR 380,235.38
Unspecified other
liabilities EUR 380,235.38
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
|
1 |
Rs.100.33 |
|
Euro |
1 |
Rs.79.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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.