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Report Date : |
23.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SEDO TREEPOINT GMBH |
|
|
|
|
Registered Office : |
Neuwies 1, D 35794 Mengerskirchen |
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|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
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Date of Incorporation : |
02.11.1978 |
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|
|
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Com. Reg. No.: |
HRB 3026 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacture of instruments and
appliances for measuring, testing and navigation |
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|
|
|
No. of Employees : |
26 |
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 |
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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 |
SEDO TREEPOINT GMBH
Company Status: active
Neuwies 1
D 35794 Mengerskirchen
Telephone:06476/310
Telefax:
06476/3131
Homepage: www.sedo-treepoint.com.
E-mail:
sedo@sedo-treepoint.com
VAT
no.: DE112597401
Business relations are permissible.
LEGAL FORM Private
limited company
Registered on: 02.11.1978
Commercial Register: Local court 65549 Limburg
under: HRB
3026
Share capital: EUR 26,000.00
Shareholder:
Gebrüder Loepfe AG
Kastellstr. 10
CH 8623 Wetzikon
Legal form: Other legal
form
Share: EUR 23,400.00
Shareholder:
Barcovision Limited
Capricorn Park
GB 5QR Blackburn
Legal form: Other legal
form
Share: EUR 2,600.00
Manager:
Maurizio Wermelinger
CH Winterthur
having sole power of
representation
born: 19.07.1952
Nationality:
Swiss
Proxy:
Herbert Gübeli
CH Jona
having sole power of
representation
born: 11.10.1955
Nationality: Swiss
21.03.1996 - 25.03.1996 BARCO SEDO GmbH
Hauptstr. 25
D 35794 Mengerskirchen
Private limited company
26.03.1996 - 29.04.2008 BARCO SEDO GmbH
Neuwies
1
D 35794 Mengerskirchen
Private limited company
08.03.2001 - 08.08.2011 Manager
Bernard Cruycke
B ? Wevelgem
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 Neuwies
1
D 35794 Mengerskirchen
Land
register documents were not available.
Principal banks
DEUTSCHE BANK, LIMBURG A D LAHN
Sort. code: 51170010, BIC: DEUTDEFF511
KREISSPARKASSE WEILBURG, WEILBURG
Sort. code: 51151919, BIC: HELADEF1WEI
UNICREDIT BANK - HYPOVEREINSBANK, WIESBADEN
Sort. code: 51020186, BIC: HYVEDEMM478
ING BANK, FRANKFURT AM MAIN
Sort. code: 50021000, BIC: INGBDEFFXXX
Turnover: 2013 EUR 5,328,000.00
Equipment: *EUR 234,000.00
Ac/ts receivable: EUR 888,505.00
Liabilities: EUR 741,536.00
Employees:
26
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 [%]: 52.24
Liquidity ratio: 10.00
Return
on total capital [%]: 4.79
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 58.03
Liquidity ratio: 3.63
Return on total capital [%]: 11.47
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 64.72
Liquidity ratio: 4.50
Return on total capital [%]: -8.02
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 55.39
Liquidity ratio: 2.42
Return
on total capital [%]: -18.99
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 2,932,601.69
Fixed assets
EUR 594,284.81
Intangible assets
EUR 43,348.05
Other / unspecified intangible assetsEUR 43,348.05
Tangible assets
EUR 550,686.76
Other / unspecified tangible assets
EUR 550,686.76
Financial assets EUR 250.00
Other / unspecified financial assets EUR 250.00
Current assets
EUR 2,308,600.54
Stocks
EUR 626,207.37
Accounts receivable EUR 888,505.39
Other debtors and assets
EUR 888,505.39
Liquid means
EUR 793,887.78
Remaining other assets
EUR 29,716.34
Accruals (assets)
EUR 29,716.34
LIABILITIES EUR 2,932,601.69
Shareholders' equity
EUR 1,464,401.38
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 1,073,712.95
Capital reserves
EUR 818,067.01
Retained earnings / revenue reserves EUR 255,645.94
Balance sheet profit/loss (+/-)
EUR 364,688.43
Balance sheet profit / loss
EUR 364,688.43
Provisions
EUR 640,394.80
Liabilities
EUR 741,535.92
Other liabilities
EUR 741,535.92
Unspecified other liabilities
EUR 741,535.92
Other liabilities
EUR 86,269.59
Deferrals (liabilities) EUR 86,269.59
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 2,436,286.07
Fixed assets
EUR 590,999.98
Intangible assets
EUR 51,524.85
Other / unspecified intangible assetsEUR 51,524.85
Tangible assets
EUR 539,475.13
Other / unspecified tangible assets
EUR 539,475.13
Current assets
EUR 1,822,510.77
Stocks
EUR 328,505.62
Accounts receivable
EUR 1,271,680.20
Other debtors and assets
EUR 1,271,680.20
Liquid means
EUR 222,324.95
Remaining other assets
EUR 22,775.32
Accruals (assets)
EUR 22,775.32
LIABILITIES EUR 2,436,286.07
Shareholders' equity
EUR 1,325,511.88
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 1,073,712.95
Capital reserves
EUR 818,067.01
Retained earnings / revenue reserves EUR 255,645.94
Balance sheet profit/loss (+/-)
EUR 225,798.93
Balance sheet profit / loss
EUR 225,798.93
Provisions
EUR 350,863.69
Liabilities
EUR 671,360.65
Other liabilities EUR 671,360.65
Unspecified other liabilities
EUR 671,360.65
Other liabilities
EUR 88,549.85
Deferrals (liabilities)
EUR 88,549.85
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.101.98 |
|
Euro |
1 |
Rs.83.93 |
INFORMATION DETAILS
|
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.