|
Report Date : |
21.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
THETA
SYSTEM ELEKTRONIK GMBH |
|
|
|
|
Registered Office : |
Rathausstr.
13 D 82194 Gröbenzell |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
26.11.1985 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of instruments and appliances for measuring, testing and navigation ·
Manufacture
of electronic components |
|
|
|
|
No. of Employees : |
12 |
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 (30.06.2013) |
Current Rating (30.09.2013) |
|
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, contributed to strong growth in 2006 and 2007 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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. 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. 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. By 2014, the federal government wants to balance its budget. 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 |
THETA SYSTEM ELEKTRONIK GMBH
Company Status: active
Rathausstr. 13
D 82194 Gröbenzell
Telephone:08142/4678-0
Telefax: 08142/4678-90
Homepage: www.theta-system.de
E-mail: info@theta-system.de
VAT no.: DE128247460
Tax ID number: 117/140/11199
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 21.10.1985
Shareholders'
agreement: 21.10.1985
Registered on: 26.11.1985
Commercial Register: Local court 80333 München
under: HRB 77582
Share capital: EUR 75,000.00
Shareholder:
Dr. Theodor Tatarczyk
Falkenstr. 3
D 82194 Gröbenzell
born: 31.12.1943
Share: EUR 75,000.00
Manager:
Dr. Theodor Tatarczyk
Falkenstr. 3
D 82194 Gröbenzell
born: 31.12.1943
Profession: Fully
qualified physicist
Marital status: married
Proxy:
Christina Tatarczyk
D 80331 München
having sole power of
representation
born: 29.10.1976
Proxy:
Joachim Tatarczyk
D 82194 Gröbenzell
having sole power of
representation
born: 19.08.1979
Main industrial sector
2611 Manufacture
of electronic components
Secondary industrial sector
26512
Manufacture of instruments and appliances for measuring, testing and
navigation
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2011
Type of ownership: Tenant
Address Rathausstr.
13
D 82194 Gröbenzell
Land register documents were not available.
BANKHAUS REUSCHEL & CO, 80285 MÜNCHEN
Sort. code: 70030300, Account no.: 1104354
BIC: CHDBDEHHXXX
Turnover: 2012 *EUR 1,620,000.00
2013
*EUR 1,659,500.00
further business figures:
Ac/ts receivable: EUR
343,447.00
Liabilities: EUR 718,610.00
Employees:
12
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 12.23
Liquidity ratio: 0.92
Return on total capital [%]: 3.70
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 9.27
Liquidity ratio: 1.37
Return on total capital [%]: 18.57
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -11.08
Liquidity ratio: 1.06
Return on total capital [%]: -59.46
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 0.43
Liquidity ratio: 1.13
Return on total capital [%]: 0.19
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: 01.01.2011
- 31.12.2011
ASSETS EUR 1,255,082.95
Fixed assets EUR 33,134.51
Intangible assets EUR 421.50
Other / unspecified intangible assets EUR 421.50
Tangible assets EUR
32,713.01
Other / unspecified tangible assets EUR 32,713.01
Current assets EUR 1,124,894.40
Stocks EUR 672,842.00
Accounts receivable EUR
343,446.84
Other debtors and assets
EUR
343,446.84
Liquid means
EUR
108,605.56
Remaining other assets EUR
97,054.04
Accruals (assets) EUR
3,730.00
Deficit not covered by shareholders'
equity EUR 93,324.04
LIABILITIES EUR 1,255,082.95
Shareholders' equity EUR
0.00
Capital EUR 50,282.30
Subscribed capital (share capital) EUR 75,000.00
thereof not yet paid-up capital
EUR 75,000.00
thereof called
EUR 50,282.30
thereof uncalled outstanding
contributions
EUR 24,717.70
Balance sheet profit/loss (+/-) EUR -143,606.34
Profit / loss brought forward EUR -186,589.20
Annual surplus / annual deficit
EUR
42,982.86
Other shareholders' equity (+/-) EUR 93,324.04
Deficit not covered by shareholders'
equity EUR 93,324.04
Provisions EUR 536,473.00
Liabilities EUR
718,609.95
Other liabilities EUR 718,609.95
Unspecified other liabilities EUR 718,609.95
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010
- 31.12.2010
ASSETS EUR 1,267,977.81
Fixed assets EUR 27,350.51
Intangible assets EUR
144.50
Other / unspecified intangible assets EUR 144.50
Tangible assets EUR
27,206.01
Other / unspecified tangible assets EUR 27,206.01
Current assets EUR 1,104,168.02
Stocks EUR 482,571.00
Accounts receivable
EUR
530,849.58
Other debtors and assets EUR 530,849.58
Liquid means EUR 90,747.44
Remaining other assets EUR
136,459.28
Accruals (assets) EUR 152.38
Deficit not covered by shareholders'
equity EUR 136,306.90
LIABILITIES EUR 1,267,977.81
Shareholders' equity EUR 0.00
Capital EUR 50,282.30
Subscribed capital (share capital) EUR 75,000.00
thereof not yet paid-up capital
EUR 75,000.00
thereof called
EUR 50,282.30
thereof uncalled outstanding
contributions
EUR
24,717.70
Balance sheet profit/loss (+/-) EUR -186,589.20
Profit / loss brought forward EUR -396,769.72
Annual surplus / annual deficit EUR 210,180.52
Other shareholders' equity (+/-) EUR
136,306.90
Deficit not covered by shareholders'
equity EUR 136,306.90
Provisions EUR 547,548.00
Liabilities EUR 720,429.81
Other liabilities EUR
720,429.81
Unspecified other liabilities EUR 720,429.81
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.84 |
|
Euro |
1 |
Rs.85.70 |
INFORMATION DETAILS
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.