|
Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
AEROMARITIME SYSTEMBAU GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Ludwig-Erhard-Str. 16, D 85375 Neufahrn |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
28.12.1970 |
|
|
|
|
Com. Reg. No.: |
HRB 43099 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of other electric
equipment n.e.c. |
|
|
|
|
No. of Employees : |
104 |
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 : |
Slow but correct |
|
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 |
AEROMARITIME SYSTEMBAU GESELLSCHAFT MIT
BESCHRÄNKTER HAFTUNG
Company Status: active
Ludwig-Erhard-Str. 16
D 85375 Neufahrn
Telephone:08165/61710
Telefax: 08165/908389
Homepage:
www.aeromaritime.de
E-mail: info@aeromaritime.de
VAT no.: DE129279209
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 28.12.1970
Shareholders'
agreement: 28.12.1970
Registered on: 05.02.1971
Commercial Register: Local court 80333 München
under: HRB
43099
Share
capital: EUR 3,450,000.00
Shareholder:
Aeromaritime Systems
Group B.V.
P.O.Box 7067
NL 1007 2B Amsterdam
Legal form: Other legal form
Share: EUR 3,450,000.00
Manager:
Bhajun Santchurn
54 Oxford Road
GB Ealing/London W53 ST
having sole power of representation
born: 22.05.1954
Nationality: British
Manager:
Yasin Sanya
Freilandstr. 15
D 82178 Puchheim
having sole power of representation
born: 02.07.1951
Manager:
Werner Hollerieth
D 85716 Unterschleißheim
born: 28.03.1962
Proxy:
Dr. Helmut Bürger
D 84095 Furth
authorized to jointly
represent the company
born: 11.11.1951
Profession: Fully
qualified physicist
Proxy:
Dr. Helge Herz
D 85375 Neufahrn
authorized to jointly
represent the company
born: 20.02.1957
Proxy:
Rudolf Bräutigam
Tauroggener Str. 37
D 86167 Augsburg
authorized to jointly
represent the company
born: 23.09.1950
Proxy:
Gregorio Arreytunandia
E Madrid
authorized to jointly
represent the company
born: 25.02.1956
Nationality: Spanish
Further
functions/participations of Bhajun Santchurn (Manager)
Manager:
ENVIPCO Automaten GmbH
Gartenkamp 8c
D 49492 Westerkappeln
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.04.2009
Reg. data: 48565 Steinfurt, HRB 8356
Further
functions/participations of Yasin Sanya (Manager)
Manager:
Aeromaritime Immobilien
GmbH
Ludwig-Erhard-Str. 16
D 85375 Neufahrn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.09.2002
Reg. data: 80333 München, HRB 144486
Manager:
Aeromaritime Security
Systems GmbH
Ludwig-Erhard-Str. 16
D 85375 Neufahrn
Legal form: Private
limited company dormant
Share capital: EUR 25,000.00
Registered
on: 21.07.2004
Reg. data: 80333 München, HRB 153279
Further
functions/participations of Werner Hollerieth (Manager)
Manager:
Aeromaritime Immobilien
GmbH
Ludwig-Erhard-Str. 16
D 85375 Neufahrn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.09.2002
Reg. data: 80333 München, HRB 144486
Manager:
Aeromaritime Security
Systems GmbH
Ludwig-Erhard-Str. 16
D 85375 Neufahrn
Legal form: Private
limited company dormant
Share capital: EUR 25,000.00
Registered
on: 21.07.2004
Reg. data: 80333 München, HRB 153279
05.02.1971 - 01.12.2001 Aeromaritime Systembau GmbH
Hanauer Str. 105
D 80993 München
Private limited
company
01.12.2001 - 05.06.2002 Aeromaritime Systembau GmbH
Ludwig-Erhard-Str. 16
D 85375 Neufahrn
Private limited
company
Main
industrial sector
27900 Manufacture of other electric equipment
n.e.c.
Shareholder:
Aeromaritime Security
Systems GmbH
Ludwig-Erhard-Str. 16
D 85375 Neufahrn
Legal form: Private
limited company
Company Status: dormant
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 21.07.2004
Local court
80333 München
HRB 153279
Shareholder:
Aeromaritime Immobilien
GmbH
Ludwig-Erhard-Str. 16
D 85375 Neufahrn
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data:
21.09.2002
Local court
80333 München
HRB 144486
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 Ludwig-Erhard-Str. 16
D 85375 Neufahrn
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 80273
MÜNCHEN
Sort. code: 70080000, Account no.: 514600800
BIC: DRESDEFF700
Further banks
BAYERISCHE LANDESBANK, 80277 MÜNCHEN
Sort. code: 70050000, Account no.: 1282535
BIC: BYLADEMMXXX
COMMERZBANK,
80704 MÜNCHEN
Sort. code: 70040041, Account no.: 220653000
BIC: COBADEFFXXX
DEUTSCHE BANK, 80271 MÜNCHEN
Sort. code: 70070010, Account no.: 60/54290
BIC: DEUTDEMMXXX
UNICREDIT BANK - HYPOVEREINSBANK, 80311
MÜNCHEN
Sort.
code: 70020270, Account no.: 31085810
BIC: HYVEDEMMXXX
Turnover: 2012 EUR 6,828,183.00
Profit: 2012 EUR 210,123.00
Equipment: EUR 669,991.00
Ac/ts receivable: EUR 7,595,336.00
Liabilities: EUR
14,972,126.00
Employees:
104
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 27.64
Liquidity ratio: 0.40
Return on total capital [%]: 0.81
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 30.23
Liquidity ratio: 0.40
Return on total capital [%]: 2.20
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 35.23
Liquidity ratio: 2.36
Return
on total capital [%]: 3.65
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 32.06
Liquidity ratio: 1.72
Return on total capital [%]: 3.54
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 27,818,813.05
Fixed assets
EUR 11,364,579.15
Intangible assets
EUR 95,189.50
Tangible assets
EUR 758,360.69
Plant / machinery
EUR 88,369.81
Other tangible assets / fixtures and
fittings
EUR 669,990.88
Financial assets
EUR 10,511,028.96
Shares in participations /
subsidiaries and the like
EUR 173,815.04
Shares in related companies
EUR 173,815.04
Loans to participations /
subsidiaries and the like
EUR 10,337,213.92
Loans to related companies
EUR 10,337,213.92
Current assets
EUR 16,385,116.72
Stocks
EUR 8,112,438.12
Accounts receivable
EUR 7,595,336.39
Liquid means
EUR 677,342.21
Remaining other assets
EUR 69,117.18
Accruals (assets)
EUR 69,117.18
LIABILITIES EUR 27,818,813.05
Shareholders' equity
EUR 9,066,276.70
Capital
EUR 3,450,000.00
Subscribed capital (share capital)
EUR 3,450,000.00
Reserves
EUR 2,661,698.61
Capital reserves
EUR 2,661,698.61
Balance sheet profit/loss (+/-)
EUR 2,954,578.09
Profit / loss brought forward
EUR 2,744,455.57
Annual surplus / annual deficit
EUR 210,122.52
Provisions
EUR 3,780,410.55
Liabilities
EUR 14,972,125.80
Guarantees and other commitments
EUR 773,100.00
Guarantees / warranties EUR 773,100.00
Guarantees
EUR 773,100.00
PROFIT AND
LOSS ACCOUNT (cost of sales method) according to Comm. Code (HGB)
Sales
EUR 6,828,182.98
Gross
result on sales EUR 6,828,182.98
Distribution costs
EUR 1,389,363.44
General administration expenses
EUR 2,198,401.55
Other operating expenses
EUR 2,554,064.05
Operating result from continuing
operations
EUR 686,353.94
Expenses for the transfer of losses
EUR 165,418.12
Interest result (+/-)
EUR -265,780.38
Interest and similar income
EUR 503,206.33
Interest and similar expenses
EUR 768,986.71
Financial result (+/-)
EUR -431,198.50
Result from ordinary operations (+/-)
EUR 255,155.44
Income tax / refund of income tax (+/-)EUR -43,327.92
Other taxes / refund of taxes
EUR -1,705.00
Tax (+/-)
EUR -45,032.92
Annual surplus / annual deficit
EUR 210,122.52
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 23,983,599.30
Fixed assets
EUR 10,781,429.70
Intangible assets
EUR 108,047.00
Other / unspecified intangible assetsEUR 108,047.00
Tangible assets
EUR 851,255.56
Plant / machinery
EUR 248,238.30
Other tangible assets / fixtures and
fittings
EUR 603,017.26
Financial assets
EUR 9,822,127.14
Shares in participations /
subsidiaries and the like EUR 173,815.04
Shares in related companies
EUR 173,815.04
Loans to participations /
subsidiaries and the like
EUR 9,648,312.10
Loans to related companies
EUR 9,648,312.10
Current assets
EUR 13,133,457.30
Stocks
EUR 8,629,947.91
Accounts receivable
EUR 4,045,971.70
Other debtors and assets
EUR 4,045,971.70
Liquid means
EUR 457,537.69
Remaining other assets
EUR 68,712.30
Accruals (assets)
EUR 68,712.30
LIABILITIES EUR
23,983,599.30
Shareholders' equity
EUR 7,856,154.18
Capital
EUR 3,450,000.00
Subscribed capital (share capital)
EUR 3,450,000.00
Reserves EUR 1,661,698.61
Capital reserves
EUR 1,661,698.61
Balance sheet profit/loss (+/-)
EUR 2,744,455.57
Profit / loss brought forward
EUR 2,236,178.26
Annual surplus / annual deficit
EUR 508,277.31
Provisions
EUR 7,570,193.68
Liabilities
EUR 8,557,251.44
Other liabilities
EUR 8,557,251.44
Unspecified other liabilities EUR 8,557,251.44
Guarantees and other commitments
EUR 773,100.00
Guarantees / warranties
EUR 773,100.00
Guarantees
EUR 773,100.00
Other operating expenses
EUR 3,765,437.88
Operating result from continuing
operations
EUR 750,239.49
Result from participating interests
(+/-)
EUR -184,155.53
Expenses for participations
EUR 184,155.53
Expenses for other participations
EUR 184,155.53
Interest result (+/-)
EUR 109,650.04
Interest and similar income
EUR 607,317.46
Interest and similar expenses
EUR 497,667.42
Financial result (+/-)
EUR -74,505.49
Result from ordinary operations (+/-)
EUR 675,734.00
Income tax / refund of income tax (+/-)EUR -165,751.69
Other taxes / refund of taxes
EUR -1,705.00
Tax (+/-)
EUR -167,456.69
Annual surplus / annual deficit
EUR 508,277.31
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.103.15 |
|
Euro |
1 |
Rs.81.87 |
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.