MIRA INFORM REPORT

 

 

Report Date :

08.12.2014 

 

IDENTIFICATION DETAILS

 

Name :

ROTH + WEBER GMBH

 

 

Registered Office :

Betzdorfer Str. D 57520 Niederdreisbach

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

23.12.1996

 

 

Legal Form :

Private limited company

 

 

Line of Business :
  • Manufacture of computers and peripheral equipment
  • Wholesale of electronic and telecommunications equipment and parts
  • Business support service activities

 

 

No. of Employees :

134

 

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, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

Company name and address

 

ROTH + WEBER GMBH

 

 Company Status:         active

Betzdorfer Str.

D 57520 Niederdreisbach

Telephone:02743/92170

Telefax:  02743/2018

Homepage: www.rowe.de

E-mail:   info@rowe.de

 

 VAT no.:                        DE812284008

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM              Private limited company

 Date of foundation:       23.12.1996

 Shareholders'

 agreement:                   23.12.1996

 Registered on:             28.04.1997

 Commercial Register:   Local court 56410 Montabaur

 under:                          HRB 5580

 

 Share capital:                          EUR            620,000.00

 

 Shareholder:

                      Johannes Roth

                      Weberstr. 20

                      D 57518 Betzdorf

                      born: 02.04.1970

                      Share:             EUR            620,000.00

 Manager:

                      Johannes Roth

                      Weberstr. 20

                      D 57518 Betzdorf

                      having sole power of representation

                      born: 02.04.1970

                      Profession: Lawyer

 Manager:

                      Gerhard Bäcker

                      Struthweg 3

                      D 57578 Elkenroth

                      having sole power of representation

                      born: 05.03.1952

                      Profession: Businessman

 Proxy:

                      Manfred Licht

                      D 57612 Racksen

                      authorized to jointly represent the company

                      born: 22.06.1963

 Proxy:

                      Gerd Ermert

                      D 57586 Weitefeld

                      authorized to jointly represent the company

                      born: 26.01.1967

 

 Further functions/participations of Johannes Roth (Manager)

 Limited partner:

                      Roth + Weber Vermögensverwaltungs GmbH &

                      Co.KG

                      Betzdorfer Str.

                      D 57520 Niederdreisbach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            620,000.00

                      contribution:

                      Share:             EUR            582,800.00

                      Registered

                      on:         17.10.1968

                      Reg. data:  56410 Montabaur, HRA 1730

 Limited partner:

                      ROWE Technology GmbH & Co.KG

                      Betzdorfer Str. 1

                      D 57520 Niederdreisbach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            255,645.94

                      contribution:

                      Share:             EUR            255,645.94

                      Registered

                      on:         31.01.1996

                      Reg. data:  56410 Montabaur, HRA 3653

 Shareholder:

                      Meteor-Repro-Service GmbH

                      Betzdorfer

                      Str./Industriegelände

                      D 57520 Niederdreisbach

                      Legal form: Private limited company

                      Share capital:     EUR            153,387.56

                      Share:             EUR             78,227.66

                      Registered

                      on:         10.04.1995

                      Reg. data:  56410 Montabaur, HRB 5082

 Shareholder:

                      ROTH Verwaltungs GmbH

                      Betzdorfer Str.

                      D 57520 Niederdreisbach

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Share:             EUR             25,740.00

                      Registered

                      on:         26.09.2006

                      Reg. data:  56410 Montabaur, HRB 5280

 Shareholder:

                      ROWE Technology Verwaltungs GmbH

                      Betzdorfer Str. 1

                      D 57520 Niederdreisbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         25.05.2011

                      Reg. data:  56410 Montabaur, HRB 22625

 Manager:

                      Meteor-Repro-Service GmbH

                      Betzdorfer

                      Str./Industriegelände

                      D 57520 Niederdreisbach

                      Legal form: Private limited company

                      Share capital:     EUR            153,387.56

                      Registered

                      on:         10.04.1995

                      Reg. data:  56410 Montabaur, HRB 5082

 Manager:

                      ROTH Verwaltungs GmbH

                      Betzdorfer Str.

                      D 57520 Niederdreisbach

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         26.09.2006

                      Reg. data:  56410 Montabaur, HRB 5280

 Manager:

                      ROWE Technology Verwaltungs GmbH

                      Betzdorfer Str. 1

                      D 57520 Niederdreisbach

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         25.05.2011

                      Reg. data:  56410 Montabaur, HRB 22625

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 26200   Manufacture of computers and peripheral equipment

 

46520   Wholesale of electronic and telecommunications equipment and parts

 

8299    Other business support service activities n. e. c.

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

BALANCE SHEET YEAR:  2012

 

 

 REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Betzdorfer Str.

                                     D 57520 Niederdreisbach

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 COMMERZBANK VORMALS DRESDNER BANK, 57003 SIEGEN

 Sort. code: 46080010

 BIC: DRESDEFF460

 

 Further banks

 COMMERZBANK, 57002 SIEGEN

 Sort. code: 46040033

 BIC: COBADEFFXXX

 DEUTSCHE BANK, 57069 SIEGEN

 Sort. code: 46070090

 BIC: DEUTDEDK460

 VOLKSBANK DAADEN, 57567 DAADEN

 Sort. code: 57391200

 BIC: GENODE51DAA

 

 

 FINANCIAL FIGURES

 

 Gross profit or loss:2012               EUR         11,787,119.00

                      2013               EUR         11,000,000.00

 Profit:              2012               EUR          1,884,394.00

 further business figures:

 Equipment:                             *EUR            870,000.00

 Ac/ts receivable:                       EUR          2,066,443.00

 Liabilities:                            EUR            981,866.00

 Employees:                                                    134

 - thereof permanent staff:                                    118

 - Part-time employees:                                          7

 

 The business figures marked with an asterisk are estimates based

  on average values in the line of business.

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 83.46

 Liquidity ratio:                  10.00

 Return on total capital [%]:      14.18

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 82.58

 Liquidity ratio:                  10.00

 Return on total capital [%]:      14.87

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 79.13

 Liquidity ratio:                  10.00

 Return on total capital [%]:      17.42

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 71.17

 Liquidity ratio:                  10.00

 Return on total capital [%]:      17.28

 

 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.

 

 

Financial data

 

 TYPE OF BALANCE SHEET:               COMPANY BALANCE SHEET

 

 FINANCIAL YEAR:                                01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR         13,289,224.02

  Fixed assets                           EUR          1,768,853.61

   Intangible assets                     EUR              4,276.84

   Tangible assets                       EUR          1,764,446.77

   Financial assets                      EUR                130.00

    Other / unspecified financial assets EUR                130.00

  Current assets                         EUR         11,507,643.66

   Stocks                                EUR          3,011,737.47

   Accounts receivable                   EUR          2,066,442.55

   Investments in current assets         EUR          4,374,636.50

   Liquid means                          EUR          2,054,827.14

  Remaining other assets                 EUR             12,726.75

   Accruals (assets)                     EUR             11,359.75

   Deferred taxes (assets)               EUR              1,367.00

 

 LIABILITIES                             EUR         13,289,224.02

  Shareholders' equity                   EUR         11,092,347.46

   Capital                               EUR            620,000.00

    Subscribed capital (share capital)   EUR            620,000.00

   Balance sheet profit/loss (+/-)       EUR         10,472,347.46

    Balance sheet profit / loss          EUR         10,472,347.46

  Provisions                             EUR          1,175,574.26

  Liabilities                            EUR            981,866.30

  Other liabilities                      EUR             39,436.00

   Deferrals (liabilities)               EUR             39,436.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

 

  Gross result (+/-)                     EUR         11,787,119.36

  Staff expenses                         EUR          6,270,962.61

   Wages and salaries                    EUR          5,329,271.12

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            941,691.49

  Total depreciation                     EUR            757,571.68

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            757,571.68

  Other operating expenses               EUR          2,117,246.10

  Operating result from continuing

  operations                             EUR          2,641,338.97

  Interest result (+/-)                  EUR             27,867.54

   Interest and similar income           EUR             38,564.84

   Interest and similar expenses         EUR             10,697.30

  Other financial result                 EUR              5,364.56

   Income from securities and loans from

   financial assets                      EUR            222,552.86

   Depreciation on financial assets and

   marketable securities                 EUR            217,188.30

  Financial result (+/-)                 EUR             33,232.10

  Result from ordinary operations (+/-)  EUR          2,674,571.07

  Income tax / refund of income tax (+/-)EUR           -782,418.66

  Other taxes / refund of taxes          EUR             -7,758.27

  Tax (+/-)                              EUR           -790,176.93

  Annual surplus / annual deficit        EUR          1,884,394.14

 

 

 TYPE OF BALANCE SHEET:                             COMPANY BALANCE SHEET

 

 FINANCIAL YEAR:                                           01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR         11,150,076.91

  Fixed assets                           EUR          1,937,287.94

   Intangible assets                     EUR             10,437.96

    Other / unspecified intangible assetsEUR             10,437.96

   Tangible assets                       EUR          1,926,719.98

    Other / unspecified tangible assets  EUR          1,926,719.98

   Financial assets                      EUR                130.00

    Other / unspecified financial assets EUR                130.00

  Current assets                         EUR          9,196,236.20

   Stocks                                EUR          2,529,013.59

   Accounts receivable                   EUR          1,756,706.67

    Other debtors and assets             EUR          1,756,706.67

   Investments in current assets         EUR          2,446,192.87

   Liquid means                          EUR          2,464,323.07

  Remaining other assets                 EUR             16,552.77

   Accruals (assets)                     EUR             15,422.77

   Deferred taxes (assets)               EUR              1,130.00

 

 LIABILITIES                             EUR         11,150,076.91

  Shareholders' equity                   EUR          9,207,953.32

   Capital                               EUR            620,000.00

    Subscribed capital (share capital)   EUR            620,000.00

   Balance sheet profit/loss (+/-)       EUR          8,587,953.32

    Balance sheet profit / loss          EUR          8,587,953.32

  Provisions                             EUR          1,000,259.50

  Liabilities                            EUR            913,872.09

   Other liabilities                     EUR            913,872.09

    Unspecified other liabilities        EUR            913,872.09

  Other liabilities                      EUR             27,992.00

   Deferrals (liabilities)               EUR             27,992.00

 

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         11,348,161.67

  Staff expenses                         EUR          6,108,042.84

   Wages and salaries                    EUR          5,188,770.40

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            919,272.44

  Total depreciation                     EUR            753,368.89

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            753,368.89

  Other operating expenses               EUR          2,239,470.44

  Operating result from continuing

  operations                             EUR          2,247,279.50

  Interest result (+/-)                  EUR             35,089.10

   Interest and similar income           EUR             36,467.60

   Interest and similar expenses         EUR              1,378.50

  Other financial result                 EUR             48,780.47

   Income from securities and loans from

   financial assets                      EUR             54,652.04

   Depreciation on financial assets and

   marketable securities                 EUR              5,871.57

  Financial result (+/-)                 EUR             83,869.57

  Result from ordinary operations (+/-)  EUR          2,331,149.07

  Income tax / refund of income tax (+/-)EUR           -665,714.10

  Other taxes / refund of taxes          EUR             -8,597.27

  Tax (+/-)                              EUR           -674,311.37

  Annual surplus / annual deficit        EUR          1,656,837.70

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.85

UK Pound

1

Rs.96.73

Euro

1

Rs.76.53

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.